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.
For sale
$349,900
7516 Olde Mill Rd, Southport, FL 32409
3beds
1,080sqft
Single Family Residence
Built in 1966
2.71 Acres Lot
$330,100 Zestimate®
$324/sqft
$-- HOA
What's special
Gated corner lotDirect bayou frontageFully fenced perimeter
- 43 days
- 577
- 26
Zillow last checked:
Listing updated:
Listed by:
DJ T Janovyak 850-235-2551,
Emerald Coast Realty Group
Source: CPAR,MLS#: 796196
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Living Room
Bedroom
- Level: Second
- Dimensions: 14 x 8
Bedroom
- Level: First
- Dimensions: 15 x 7
Living room
- Level: First
- Dimensions: 25 x 15
Heating
- Central
Interior area
- Total structure area: 1,080
- Total interior livable area: 1,080 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Patio & porch: Balcony, Deck, Enclosed, Patio, Covered, Porch
- Exterior features: Covered Patio, Patio
- Fencing: Fenced
- Has view: Yes
- View description: Bayou
- Has water view: Yes
- Water view: Bayou
- Waterfront features: Bayou
Lot
- Size: 2.71 Acres
- Dimensions: 338.0 ft x 350.0 ft
Details
- Additional structures: Garage(s), Workshop
- Parcel number: 07865010000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1966
Community & HOA
Community
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Southport
Financial & listing details
- Price per square foot: $324/sqft
- Tax assessed value: $146,960
- Annual tax amount: $417
- Date on market: 10/2/2026
- Cumulative days on market: 223 days
Estimated market value
$330,100
$314,000 - $347,000
$1,865/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Listed for sale | $349,900-12.5%$324/sqft |
Source:  CPAR #796196 Report a problem | ||
| 9/29/2026 | Listing removed | $400,000$370/sqft |
Source: CPAR #787791 Report a problem | ||
| 8/18/2026 | Price change | $400,000-20%$370/sqft |
Source: CPAR #787791 Report a problem | ||
| 4/2/2026 | Listed for sale | $500,000+179.3%$463/sqft |
Source: CPAR #787791 Report a problem | ||
| 9/29/2011 | Listing removed | $179,000$166/sqft |
Source: Real Estate Group #411929 Report a problem | ||
| 8/19/2011 | Listed for sale | $179,000$166/sqft |
Source: Real Estate Group #411929 Report a problem | ||
| 5/21/2011 | Listing removed | $179,000$166/sqft |
Source: Scott Ingraham Real Estate Group #411929 Report a problem | ||
| 11/20/2010 | Listed for sale | $179,000+616%$166/sqft |
Source: Scott Ingraham Real Estate Group #411929 Report a problem | ||
| 11/1/1980 | Sold | $25,000$23/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $417 +4.4% | $102,981 +2.9% |
| 2024 | $400 +0.8% | $100,079 +3% |
| 2023 | $397 +7.7% | $97,164 +5.9% |
| 2022 | $368 | $91,728 |
| 2021 | -- | -- |
| 2020 | $376 +2% | $87,826 +1.2% |
| 2019 | $369 | $86,825 -0.8% |
| 2018 | $369 -3.9% | $87,529 -0.3% |
| 2017 | $384 -3.9% | $87,816 +0.1% |
| 2016 | $400 -12.6% | $87,703 -3.6% |
| 2015 | $457 | $90,995 +0.8% |
| 2014 | $457 | $90,273 +1.5% |
| 2013 | -- | $88,939 -1.3% |
| 2012 | -- | $90,076 +10.9% |
| 2011 | -- | $81,193 +1.5% |
| 2010 | -- | $79,993 +2.7% |
| 2009 | -- | $77,890 +0.1% |
| 2008 | -- | $77,812 +3% |
| 2007 | -- | $75,546 +2.5% |
| 2006 | -- | $73,703 +3% |
| 2005 | -- | $71,556 +3% |
| 2004 | -- | $69,472 +1.9% |
| 2003 | -- | $68,177 +2.4% |
| 2002 | -- | $66,579 +1.6% |
| 2001 | -- | $65,531 +3% |
| 2000 | -- | $63,622 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32409
Nearby schools
Schools provided by the listing agent
- Elementary: Deane Bozeman
- Middle: Deane Bozeman
- High: Deane Bozeman
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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