5527 LAKEWOOD CIRCLE
Panama City, FL, 32404 $ 96,000
Baths0.0 Monthly Estimate*
$ 606
Studio for $96,000. The lot size is 1.45.
Exceptional opportunity to purchase 5527 Lakewood Circle together with the adjoining lot for 1.45 Acres Total, creating a larger combined homesite with added space, privacy, and development flexibility. The property is zoned R-2, allowing potential uses that may include manufactured housing, a single-family residence, or duplex development, subject to applicable county requirements, permitting, setbacks, and site approval. Located along a quiet paved street in an established residential area, these wooded parcels have mature trees and multiple possibilities for builders, investors, or buyers planning a future homesite. The combined lots may provide room for a larger yard, additional outdoor space, or an income-producing residential project. Conveniently located near shopping, schools, dining, Tyndall Air Force Base, and other Panama City amenities. Both parcels are being sold together as one package. Buyer is responsible for verifying zoning, manufactured-home eligibility, duplex approval, utilities, lot dimensions, access, flood zone, wetlands, build ability, and all other information important to the buyer during the due-diligence period. Cash purchase only. Buyer pays all closing costs.
See more
FeaturesGeneralSewer Septic Needed
Utilities Electricity Available
Zoning R-2
Tax Year 2025
Current Use Residential
Ownership Fee Simple
Additional Parcels Description 05640-326-000
County Bay
Property Type Land
Subdivision Name LAKEWOOD MANOR UN ONE RE
Status Active
Directions Driving Directions to 5527 Lakewood Circle Panama City FL 32404 From US-231 (N Tyndall Parkway) head east on State Road 22 (E 15th Street) toward Callaway. Continue approximately 5 miles then turn left onto Lakewood Circle. Follow Lakewood Circle through the neighborhood for about 0.4 miles. The property will be on the left-hand side adjacent to the neighboring lot being sold as part of the package.
City PANAMA CITY
MLS Area 32404 - Panama City
Lot Size Units Acres
Lot Size Square Feet 63162
Tax Annual Amount 482
Additional Parcels Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 8
Legal Description LAKEWOOD MANOR U-1 REPLAT LOT 8 ORB 1322 P 168
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
See more
ExteriorWater Source Well Required
Lot Size Area 1.45
Lot Dimensions 245 x 100
Lot Size Acres 1.45
Road Surface Type Paved
Waterfront Y/N false
Number of Lots 2
See more
* Excluded FeaturesList Byclarencefields9@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $606
- Monthly Property Taxes
- $40
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Panama City, FL
Average List Price $1,042,108
Percent of Sale Price 986%
About Panama City, FL 38,561 Population
6% Since 2002
$ 39,211 Median Income
40.13 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/14/2026 | $96,000 | | Listed Price |