Wake up to peaceful waterfront views on Lake Martin with this rare 0.67-acre lakefront homesite in Panama City, FL. Offering direct water access, this property is ideal for building your custom home while enjoying kayaking, fishing, and quiet mornings right from your backyard. Set within an established residential area with surrounding homes already in place, this lot provides both a clear vision for future development and a sense of community, while still offering privacy and space to create your own waterfront retreat. The property features a functional layout with plenty of room for a custom home, outdoor living areas, and more. Conveniently located just minutes from Tyndall Air Force Base, shopping, dining, schools, and the waters of St. Andrew Bay, this location combines quiet lakefront living with everyday convenience. With no HOA, you will enjoy fewer restrictions and more flexibility to build. Whether you're searching for lakefront land, a waterfront homesite, or an investment opportunity in Bay County, this property offers both lifestyle appeal and long-term value. Don't miss your chance to own waterfront property on Lake Martin. Schedule your showing today.
Lot/land
Price cut: $10K (8/18)
$89,900
4813 S Lakewood Dr, Panama City, FL 32404
--beds
--baths
0.67Acres
Unimproved Land
Built in ----
0.67 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Quiet lakefront livingPrivacy and spaceDirect water access
- 165 days
- 182
- 18
Zillow last checked:
Listing updated:
Listed by:
Raymond B Williams PA 850-276-9023,
Think Real Estate
Source: CPAR,MLS#: 787077
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Property
Features
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake
Lot
- Size: 0.67 Acres
- Dimensions: 130'+- x 298'+- x 74.7'+- x 285'+-
- Features: Paved
Details
- Parcel number: 25078010000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Utilities & green energy
- Utilities for property: Sewer Available
Community & HOA
Community
- Subdivision: Lakewood
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Tax assessed value: $58,810
- Annual tax amount: $847
- Date on market: 3/20/2026
- Cumulative days on market: 440 days
Estimated market value
Not available
Estimated sales range
Not available
$2,143/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $89,900-10% |
Source: | ||
| 3/20/2026 | Listed for sale | $99,900-16.6% |
Source: | ||
| 3/2/2026 | Listing removed | $119,800 |
Source: | ||
| 9/3/2025 | Listed for sale | $119,800 |
Source: | ||
| 8/23/2025 | Listing removed | $119,800 |
Source: | ||
| 7/17/2025 | Price change | $119,800-0.1% |
Source: | ||
| 6/9/2025 | Price change | $119,900-7.8% |
Source: | ||
| 5/14/2025 | Listed for sale | $130,000+372.7% |
Source: | ||
| 6/1/1994 | Sold | $27,500 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $822 +5.6% | $58,810 +9.6% |
| 2023 | $778 +56.8% | $53,656 +10% |
| 2022 | $496 | $48,778 |
| 2021 | -- | -- |
| 2020 | $480 +1.5% | $45,130 +1.3% |
| 2019 | $473 | $44,560 |
| 2018 | $473 -1.6% | $44,560 |
| 2017 | $481 -2% | $44,560 +0.2% |
| 2016 | $491 -6.4% | $44,460 |
| 2015 | $524 | $44,460 |
| 2014 | $524 | $44,460 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 32404
Nearby schools
Schools provided by the listing agent
- Elementary: Parker
- Middle: Everitt
- High: Rutherford
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.









