Check out this Unique Water Front property that can be used for

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Lot For Sale

4820 N Lakewood Drive

Panama City, Florida 32404

Bay County

Waterfront: Yes

Community: 

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$650,000 1.790 acres

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!

  • Lot Size: 1.790 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: Lake
  • MLS #: 783389
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Contact Information:
Beach Lot For Sale in Panama City, Florida
Listing Agent: Deborah A Class, Neubauer Real Estate, Inc. ERA, 850-832-4988, 850-872-3434 Listing Site, Listing Status: Active
Copyright © 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.
Ad Number: 7101034
Viewed 32 times.
Updated: Jan 08, 2026

This property is a Lot located at 4820 N Lakewood Drive, Panama City, Florida 32404, and is currently For Sale at $650,000.