This freshly painted 3-bedroom, 1-bathroom home offers a great opportunity to make it your own! Bright living spaces and a functional layout create a welcoming atmosphere, while the spacious backyard is perfect for outdoor activities.
Located in a quiet neighborhood close to shopping, dining, and beaches. Perfect for first-time buyers or investors looking to add value.
Sold for $140,000
$140,000
116 Martin Lake Dr, Panama City, FL 32404
3beds
1,143sqft
Single Family Residence
Built in 1961
0.31 Acres Lot
$138,500 Zestimate®
$122/sqft
$1,507 Estimated rent
Home value
$138,500
$125,000 - $154,000
$1,507/mo
Zestimate® history
Owner options
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$1,507/mo
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$957/mo
Est. payment
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$957/mo
Est. payment
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List your homeWhat's special
Spacious backyardBright living spacesFunctional layout
Zillow last checked:
Listing updated:
Listed by:
Travis Crisp 850-636-6656,
LSI REALTY & MANAGEMENT LLC
Bought with:
Whitney Durham
Beach House Sales and Development
Source: CPAR,MLS#: 767665
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom
Bedroom
- Level: First
- Dimensions: 14 x 16
Bedroom
- Level: First
- Dimensions: 12 x 14
Bedroom
- Level: First
- Dimensions: 10 x 10
Interior area
- Total structure area: 1,143
- Total interior livable area: 1,143 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.31 Acres
- Dimensions: 113 x 135
Details
- Parcel number: 24585000000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Martin Bayou Estates
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $122/sqft
- Tax assessed value: $90,909
- Annual tax amount: $1,582
- Date on market: 1/24/2025
- Cumulative days on market: 101 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2025 | Sold | $140,000-9.7%$122/sqft |
Source:  CPAR #767665 Report a problem | ||
| 5/6/2025 | Pending sale | $155,000$136/sqft |
Source: CPAR #767665 Report a problem | ||
| 1/24/2025 | Listed for sale | $155,000+183.4%$136/sqft |
Source: CPAR #767665 Report a problem | ||
| 1/21/2003 | Sold | $54,700$48/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,636 +3.4% | $90,909 +4.7% |
| 2023 | $1,582 +17% | $86,832 +9.4% |
| 2022 | $1,353 | $79,365 |
| 2021 | -- | -- |
| 2020 | $654 -4.5% | $38,545 -0.9% |
| 2019 | $685 | $38,904 -45.9% |
| 2018 | $685 -41% | $71,849 +0.1% |
| 2017 | $1,162 -1% | $71,763 -1.1% |
| 2016 | $1,174 -5.5% | $72,552 -0.5% |
| 2015 | $1,243 | $72,911 -0.5% |
| 2014 | $1,243 | $73,270 -0.5% |
| 2013 | -- | $73,629 -0.6% |
| 2012 | -- | $74,074 -3.7% |
| 2011 | -- | $76,950 -0.9% |
| 2010 | -- | $77,675 -11.9% |
| 2009 | -- | $88,190 -4.2% |
| 2008 | -- | $92,030 -28.8% |
| 2007 | -- | $129,245 +62.7% |
| 2006 | -- | $79,460 +8% |
| 2005 | -- | $73,587 +26.9% |
| 2004 | -- | $57,980 +10% |
| 2003 | -- | $52,708 +13.7% |
| 2002 | -- | $46,367 +1.6% |
| 2001 | -- | $45,637 +0.6% |
| 2000 | -- | $45,362 |
Find assessor info on the county website
Neighborhood: 32404
Nearby homes
- $188,9003 bd1 ba968 sqft114 Martin Lake Dr, Panama City, FL 32404Off Market
- $49,0100.549 Acres12-4 S 14w, Panama City, FL 32404Off Market
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- $6,86010,367 Square Feet12-4 S 14w, Panama City, FL 32404Off Market
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Nearby schools
GreatSchools rating
- 4/10Cedar Grove Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 2/10Rutherford High SchoolGrades: 6-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Parker
- Middle: Rutherford Middle
- High: Rutherford
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$138,500
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+$2,770
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$141,270
- Florida
- Bay County
- Springfield
- 32404
- 116 Martin Lake Dr
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