7516 Olde Mill Road
Southport, FL 32409
MLS# 796196
2 beds | 4 baths | 1080 sqft
Property DescriptionRare opportunity to own 2.71 acres of waterfront property on Gainer Bayou in Southport! Situated on a gated corner lot at Olde Mill Road and County Road 2321, this unique property offers plenty of space, privacy and direct bayou frontage.
The property includes an existing 2-bedroom, 2-bath home with approximately 1,080 square feet, along with a detached workshop/storage structure and a fully fenced perimeter. Whether you're looking for a waterfront homesite, room for your boats and recreational equipment, a renovation project, or property with future development potential, this acreage offers numerous possibilities.
Enjoy the peaceful setting of North Bay County while remaining convenient to Panama City, Lynn Haven, shopping, dining and area recreation. Properties combining waterfront, acreage and this much usable space are increasingly difficult to find.
Bring your vision and take advantage of the possibilities offered by this 2.71-acre Gainer Bayou property. Buyer to verify all measurements, zoning, development potential and waterfront access important to the buyer.
Acreage: 2.71
Design: Cabin
Lot Size (SqFt): 118048
Apx SqFt(Htd/Cooled): 1080
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Source: Prop App Site
Half Baths: 2
Accessory Dwelling Unit: No
Lot Dimensions: 338.0 ft x 350.0 ft
New Construction: No
Garage Y/N: Yes
Sub-Type: Detached Single Family
Bedrooms: 2
Full Baths: 2
Total Baths: 4
List Price/SqFt: 323.98
Status: Active
List Date: 2026-10-02
List Price: $349,900
Sub Area: 0201 - Bay - Central NE
Community/Resort: None
Waterfront: Yes
Gulf Access: No
Elementary School: Deane Bozeman
Middle School: Deane Bozeman
High School: Deane Bozeman
Directions: From Panama City, travel north on Hwy 77 toward Southport. Turn right onto County Road 2321 (Highway 2321). Continue to Olde Mill Road. Property is located on the corner of Olde Mill Road and CR 2321. Look for real estate sign.
Area: 02 - Bay County - Central
Street #: 7516
Street Name: Olde Mill
Street Suffix: Road
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 07865-010-000
Legal Description: 26 2S 14W-3.9-83A BEG 926.37' W & 907' S OF NE COR OF W 1/2 OF SE1/4 OF NW1/4 TH S 338.7' TO N R/W ST RD 77A E 304.67' NELY 311.75' W 438.85 ' TO POB ORB 814 P 91 OR
HOA Fee: No
New Buyer Fee: No
Last Taxes: 417.26
Last Tax Year: 2025
Brokerage Interest: No Interest
Remarks: Rare opportunity to own 2.71 acres of waterfront property on Gainer Bayou in Southport! Situated on a gated corner lot at Olde Mill Road and County Road 2321, this unique property offers plenty of space, privacy and direct bayou frontage.
The property includes an existing 2-bedroom, 2-bath home with approximately 1,080 square feet, along with a detached workshop/storage structure and a fully fenced perimeter. Whether you're looking for a waterfront homesite, room for your boats and recreational equipment, a renovation project, or property with future development potential, this acreage offers numerous possibilities.
Enjoy the peaceful setting of North Bay County while remaining convenient to Panama City, Lynn Haven, shopping, dining and area recreation. Properties combining waterfront, acreage and this much usable space are increasingly difficult to find.
Bring your vision and take advantage of the possibilities offered by this 2.71-acre Gainer Bayou property. Buyer to verify all measurements, zoning, development potential and waterfront access important to the buyer.
Breakfast Bar: 1
Ceiling - Raised: 1
Balcony: 1
Deck Covered: 1
Fenced Back Yard: 1
Patio Enclosed: 1
Electricity - Connected: 1
Exterior: Balcony; Deck Covered; Fenced Back Yard; Patio Enclosed; Porch Covered
Financing: Cash; Conventional
Other Structures: Garage(s); Workshop
Rooms: Bedroom; Living Room
Utilities: Electricity - Connected
Waterfront Type: Bayou w/ Gulf Access
| Room Name | Level | Dimensions | Length | Width |
| Living Room | First | 25 x 15 | 25.00 | 15.00 |
| Bedroom | Second | 14 x 8 | 14.00 | 8.00 |
Listing Office: Emerald Coast Realty Group
Last Updated: October - 02 - 2026
Information deemed reliable but not guaranteed.