$3,491 Closing Credit¹
#660571, Ramone Silvera, Listing Office: Salty Marlin Realty
$120,000 List price
5012 Lake Dr Panama City, FL 32404
$1,425
Closing credit¹
3 beds
1 full
1,550 sqft
0.2 acres
$77 / sqft
House
Property details
About 5012 Lake Dr
This is an investors dream, lots of options with this corner lot property. Knock down or Restore - this property is full of opportunities to become income producing. The property needs restoration and could be a great flip project. Many New homes in the area! Single-family home includes 3 bed/ 1 bath. It is located near schools, restaurants, and shopping malls. There are many new/remodeled homes in the area! Yard has been cleaned up!
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size1,550 sqft
Lot size0.24 Acres
Year built1940
ParkingDriveway, Unpaved
MLS #772760
Garage1 space
Summary
- Full Bathrooms: 1
- Total Bedroom Count: 3
- Garage Space: 1 space
- Parking: Driveway, Unpaved
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air
- List Price: $120,000
- Price/SqFt: $77
- Annual Tax Amount: $904
- Tax Year: 2023
- Directions: USE GPS. Take S Hwy 22 A, Head east on US-98 BUS W toward S Hwy 22 A, Turn left onto S Hwy 22 A, Turn right onto Lake Dr.
- Year Built: 1940
- Living Area: 1,550 SqFt
- Lot Size: 0.24 Acres
- MLS Number: 772760
- MLS Name: BCAR
- Office Name: Bravo International Real Estate LLC
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$120,000
5012 Lake Dr
$1,425
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $64,788 | $904 |
| 2022 | $57,616 | $585 |
| 2021 | $55,500 | $585 |
| 2020 | $47,503 | $239 |
| 2018 | $50,784 | $274 |
| 2017 | $50,428 | $278 |
History based on county public records data.
Nearby schools
4
Parker Elementary School
Public District PK-5
0.1 mi
•640 S Highway 22 A
7
Callaway Elementary School
Public District KG-5
2.2 mi
•7115 E Highway 22
4
Merriam Cherry Street Elementary School
Public District PK-5
2.9 mi
•1125 Cherry St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,500. Typical income of Panama City, FL residents is less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
48%
<35k
34%
35k-100k
13%
100k-200k
5%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
38%
Single, No Kids
13%
Single, with Kids
30%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
9%
12-17 yrs old
24%
18-34 yrs old
39%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Horse Races
Pro Boxing
Extreme Sports
Where do the neighbors shop?
Stein Mart
Family Dollar
Sam's Club
Where do the neighbors go to eat?
LongHorn Steakhouse
White Castle
Church's Chicken
What do the neighbors drive?
Buick
Chevrolet
Oldsmobile
What do the neighbors listen to?
Contemporary Inspirational
Rock
Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5012 Lake Dr
The listing price of 5012 Lake Dr property is $120,000.
The property 5012 Lake Dr is a house located in Panama City, Florida, 32404.
Active Listing: 5012 Lake Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5012 Lake Dr are: Parker Elementary School (GreatSchools Rating 4/10), Callaway Elementary School (GreatSchools Rating 7/10), Merriam Cherry Street Elementary School (GreatSchools Rating 4/10), Tyndall Academy (GreatSchools Rating 7/10), Jinks Middle School (GreatSchools Rating 2/10), Bay Haven Charter Middle School (GreatSchools Rating 6/10), Rutherford High School (GreatSchools Rating 3/10), Rosenwald High School (GreatSchools Rating 1/10), Bay High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $904 (source: MLS/based on county public records data).
The property at 5012 Lake Dr has 3 bedrooms and 1 bathroom.
The property 5012 Lake Dr is 1,550 SqFt (source: MLS/tax record).
The year of construction for 5012 Lake Dr is 1940.
This home is located at 5012 Lake Dr in Panama City, FL and zip code 32404. This 1,550 square foot home, which was built in 1940, sits on a 0.24 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $120,000.
Panama City, FL housing market in April 2025 saw over 20 listings sold above listed price, more than 60 sold at listed price and over 127 sold below. The number of homes for sale in Panama City, FL increased by 2.2% between March and April 2025. The median list price of listings available in April 2025 was $334,464, while the average time on the real estate market was 83 days.
From Rocket Homes Real Estate and based on county public records data.