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Land with Home for Sale in Fountain, Florida

20235 Bain Rd, Fountain, FL 32438

$399,900
20 acres
Active
ago
Est $1,991/mo

Excellent investment opportunity! This 20-acre cleared and functional parcel is located approximately 45 minutes north of Panama City, positioned directly across from Deep Springs Park. With road frontage on three sides, the property offers tremendous flexibility for a variety of uses such as a private homestead, recreational retreat, campground, multi-family development, or the addition of multiple homes or cabins. The property features a partially completed 4-bedroom, 1.5-bath residence with approximately 2,500 square feet of living space. The home is in the final phase of construction and already includes modern tile flooring throughout, a stylish contemporary kitchen, and a newly installed septic system. Remaining work is minimal and includes finishing sections of the front and rear porch roofs, fascia, exterior siding, and installation of one toilet. The property is being sold AS IS. The land is well-equipped with four deep water wells, making it well suited for agricultural use. The property currently supports livestock such as cows and horses, along with an established vegetable garden. With no HOA, no known restrictions, and a recent survey available, this property offers a rare blend of space, infrastructure, and development potential--an excellent option for cash buyers seeking land with versatility and long-term value. All information provided is deemed reliable but is not guaranteed and should be independently verified by the buyer.

2,500
Sq feet
4
Beds
1
Full bath
1
1/2 bath
2022
Built

Location

Street address
20235 Bain Rd
Elevation
184 feet
Coordinates
30.5156, -85.4588

Directions

From Panama City, travel north on Highway 231 for approximately 35 miles. Turn right onto Bain Road and continue for about 2.5 miles. The property will be located on the left, directly behind Deep Springs Park.

Property details

Acreage
20 acres
Zoning
Agriculture, Resid Single
MLS #
ECARMLS 997956
Posted

Property taxes

2025
$881

Parcels

  • 00457-010-000

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Features
Cleared, Level

Structure

Style
Ranch
Stories
1
Water
Well
Sewer
Septic Tank
Heating
Central
Cooling
Central Air

Interior

Room Count
6
Rooms
Bathroom x 2, Bedroom x 4, Family Room

Nearby schools

NameType
WallerElementary
Merritt BrownMiddle
Deane BozemanHigh

Listing history

DateEventPriceChangeSource
Mar 13, 2026New listing$399,900ECARMLS
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This 20-acre property is located at 20235 Bain Rd in Fountain, FL 32438. The property is available for sale for $399,900. It has a 2,500 sq ft 4 bedroom, 1 bath house built in 2022.

Checked 1 hour ago — Updated

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Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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