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.
Lot/land
Price cut: $19.7K (4/17)
$180,000
5405 Olympia Dr, Panama City, FL 32404
--beds
--baths
6.34Acres
Unimproved Land
Built in ----
6.34 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Cleared property
- 207 days
- on Zillow |
- 173 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: April 17, 2025 at 03:27pm
Listed by:
Lisa Morgan 850-259-1902,
World Impact Real Estate
Source: CPAR,MLS#: 764688
Originating MLS: Central Panhandle Association of REALTORS

Travel times
Facts & features
Property
Features
- Fencing: Perimeter
Lot
- Size: 6.34 Acres
- Features: Additional Land Available, Cleared
Details
- Parcel number: 05894001100
- Zoning description: Mobile Home,Resid Single Family
- Special conditions: Listed As-Is
Utilities & green energy
- Utilities for property: None
Community & HOA
Community
- Subdivision: Rolling Hills
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Tax assessed value: $42,620
- Annual tax amount: $534
- Date on market: 4/3/2023
- Road surface type: Paved
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