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    5405 Olympia Dr Panama City, FL 32404

    For Sale
    $149,700

    LAND - Panama City, FL

    Lot size:
    6.77 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 5405 Olympia Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mobile Home, Resid Single
    APN
    05894-001-100
    Lot size
    6.77 Acres

    world Impact real estate (850) 225-7000 [email protected]

    Listing agent Lisa Morgan (850) 259-1902 License #3306587

    Listing date Oct 22, 2025

    Copyright © 2025 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.

    Overview

    Cleared Land in Panama City

    This is a 6.77-acre cleared property located in Panama City, Florida. According to the seller, there are no HOA fees or restrictions. Zoned R-2 Duplex/Manufactured Home, the property was previously used for horses and once had a barn. It is situated approximately 25 miles from the beaches and Pier Park in Panama City Beach, which offers shopping, restaurants, and various activities. The location is also about 17 miles from Tyndall Air Force Base and 10 miles from downtown Panama City. There are currently no utilities on the property. Another piece of land is also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Auto Repair Shop Wholesale Shop Kitchen & Bath Bakery Travel Agency Plumbing Service Coworking Space Fish Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.531425
    Latitude
    30.24614

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    FAQs

    What type of property is this?
    Residential land & home lot - 6.77 acres of cleared land, ideal for development.
    Where is this residential land & home lot located?
    The property is located at 5405 Olympia Dr Panama City, FL.
    What is the asking price?
    The asking price for this property is $149,700.
    What are key features of this property?
    This property features: - Cleared property ready for development; - Zoned R-2 Duplex/Manufactured Home: offering versatile building options; - No HOA or restrictions: enjoy freedom and flexibility for property use
    (850) 259-1902
    Request Owner's contact information
    5405 Olympia Dr Panama City, FL 32404
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    Panama City, FL 32404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5405 Olympia Dr Panama City, FL 32404
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