Incredible opportunity for investors! This cleared and usable 20-acre parcel is located just 45 minutes from Panama City, directly across from Deep Springs Park. With road access on three sides, the property offers excellent potential for a private residence, campground, multi-family project, or the construction of additional homes or cabins.
The property includes a 4-bedroom, 1.5-bath home in the final stage of construction, offering 2,500 sqft, modern tile flooring throughout, a beautiful contemporary kitchen, and a newly installed septic system. Only minor finishes remain, including portions of the front and back porch roofs, fascia, siding, and one toilet. Property is being sold AS IS.
Equipped with 4 deep water wells, the land is ideal for agricultural use and currently supports cows, horses, and a thriving vegetable garden.
With no HOA, no restrictions, and a recent survey included, this property is a rare combination of privacy, infrastructure, and future potential—perfect for cash buyers.
New construction
$499,900
20235 Bain Rd, Fountain, FL 32438
4beds
2,500sqft
Est.:
Single Family Residence
Built in ----
20 Acres Lot
$-- Zestimate®
$200/sqft
$-- HOA
What's special
Multi-family projectPrivate residenceContemporary kitchenModern tile flooringAgricultural use
- 167 days |
- 464 |
- 28 |
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 03:45am
Listed by:
Stephania Ruiz Ojeda 850-517-6428,
IXL Real Estate Florida
Source: CPAR,MLS#: 776249
Originating MLS: Central Panhandle Association of REALTORS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Primary Bedroom
Primary bedroom
- Dimensions: 20 x 12
Bedroom
- Dimensions: 12 x 12
Bedroom
- Dimensions: 12 x 12
Bedroom
- Dimensions: 12 x 8
Cooling
- Central Air
Appliances
- Included: Electric Range
Interior area
- Total structure area: 2,500
- Total interior livable area: 2,500 sqft
Property
Features
- Levels: One
- Stories: 1
- Fencing: Partial
Lot
- Size: 20 Acres
- Dimensions: 660 x 1320
Details
- Parcel number: 00457010000
- Zoning description: Agriculture
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- HardiPlank Type, Wood Frame
Condition
- New construction: Yes
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: [No Recorded Subdiv]
HOA
- Has HOA: No
Location
- Region: Fountain
Financial & listing details
- Price per square foot: $200/sqft
- Tax assessed value: $71,430
- Annual tax amount: $805
- Date on market: 7/16/2025
- Cumulative days on market: 170 days
Estimated market value
Not available
Estimated sales range
Not available
$2,582/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2025 | Listed for sale | $499,900+524.9%$200/sqft |
Source: | ||
| 1/24/2022 | Listing removed | -- |
Source: | ||
| 1/12/2022 | Pending sale | $79,999$32/sqft |
Source: | ||
| 11/22/2021 | Listed for sale | $79,999$32/sqft |
Source: | ||
| 11/1/2021 | Listing removed | -- |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $805 +16.9% | $60,493 +10% |
| 2023 | $689 +60.6% | $54,994 +61.3% |
| 2022 | $429 | $34,096 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,088/mo
Principal & interest
$2384
Property taxes
$529
Home insurance
$175
Climate risks
Neighborhood: 32438
Nearby schools
GreatSchools rating
- 4/10Waller Elementary SchoolGrades: PK-5Distance: 10.3 mi
- 4/10Merritt Brown Middle SchoolGrades: 6-8Distance: 19.9 mi
- 5/10Deane Bozeman SchoolGrades: PK-12Distance: 16 mi
Schools provided by the listing agent
- Elementary: Waller
- Middle: Merritt Brown
- High: Deane Bozeman
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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