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Residential Land for Sale in Panama City, Florida

4820 N Lakewood Dr, Panama City, FL 32404

$650,000
1.79 acres
Active
ago
Est $3,629/mo

Check out this Unique Water Front property that can be used for a variety of purposes or as your new Residence! This property is comprised of approximately 3825 sq ft total H/C, at approximately 2530 sq ft H/C on the mail level and approximately 1295 sq ft H/C on the lower level! This facility has been used as a meeting place and church and could be converted to a residential home, although a land use exemption for use as ''Clubs, Lodges or Halls'' is in place. The site is comprised of two lots with approx. 200 feet on Martin Lake, and a large paved parking lot. The buildings main level features a commercial kitchen, commercial restrooms built to ADA code, Utility closet with water access, 2 meeting rooms(with carpet), foyer area, and Large main hall overlooking Lake Martin with a door leading out to the open deck area as well as another side door exit/entrance! The lower level is recently finished with new flooring, a full bath, new granite countertop, a large storage room inside and another large storage space you can access from the exterior, and there is added storage with a storage building outside as well. The roof was replaced in December 2018 and additional interior work has been completed since. All information should be verified by buyer or buyer's agent if important. Thank you for considering this unique property, call today for your private showing!

Sq feet
1950
Built

Location

Street address
4820 N Lakewood Dr
Elevation
66 feet
Coordinates
30.1392, -85.6036

Directions

From S Tyndall Parkway, West on Cherry Street to 22-A (Bob Little Road), then left (South) on 22-A to N Lakewood Drive, right (West) on N Lakewood, property is on the left (South Side of N. Lakewood Drive) - large parking lot

Property details

Acreage
1.79 acres
MLS #
BCAR 783389
Posted

Parcels

  • 24959-000-000

Legal description

Details and features

Listing

Type
Residential
Zoning
City
Franchise
ERA Real Estate

Lot

View
Lake
Features
Sloped

Exterior

Structures
Shed(s)

Structure

Stories
2
Sewer
Public Sewer
Heating
Central, Electric
Cooling
Ceiling Fan(s)

Interior

Flooring
Carpet, Tile

Nearby schools

NameLevelDistrictDescription
EverittMiddle

Listing history

DateEventPriceChangeSource
Jan 8, 2026New listing$650,000BCAR
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This 1.79-acre property is located at 4820 N Lakewood Dr in Panama City, FL 32404. The property is available for sale for $650,000. It has a structure built in 1950.

Checked 7 hours ago — Updated

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Copyright (C) 2026 Central Panhandle 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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