5405 Olympia Drive

Panama City, FL 32404
$199,700

Description

BEAUTIFUL, GREEN ACRES IN PANAMA CITY - ENDLESS POTENTIAL AND FREEDOM! This cleared property offers the perfect blend of tranquility and convenience, with just a little over 25 miles to the white sandy Gulf Coast beaches, and proximity to Pier Park in Panama City Beach for shopping, dining, and family fun. Located only 17 miles from Tyndall Air Force Base and 10 miles from the heart of Panama City, it's an ideal location for those seeking a peaceful escape without sacrificing access to modern amenities. With R-2 zoning, the property offers fantastic flexibility for future use, including the potential for duplexes or manufactured homes. According to the seller, there are no HOA fees or restrictions, making it an excellent opportunity to build or create a private haven. The property was previously used for horses and although the barn has been removed, the open space is ready for new possibilities. An additional small piece of land is available along John Pitts adding even more potential. Note that utilities are not currently on-site. Buyer to verify all information and dimensions as well as zoning to their satisfaction.

  • Property Details
      • Lot description:Additional Land Available, Cleared
      • Acres:6.34
      • Property type:Purchase
      • Subdivision:Rolling Hills
      • Elementary School:Tommy Smith
      • Middle School:Merritt Brown
      • High School:Rutherford
      • County:Bay
      • Days on Market (Cumulative):193
      • Taxes annual:$534
      • MLS #:764688
      • Cost:199700
      • Property subtype:Residential
      • MLS #:764688
      • Short sale:Listed As Is

Location

Central Bay Realty and Property ManagementReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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