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$54,900 -$5,000 (-8.35%) Price Reduced
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Property Description
Welcome to the country side of life. The lake subdivision offers a peaceful setting but offers plenty of recreational opportunities for those who enjoy the outdoors. This 2.5 (+/-) acre flat lot is located at the end of a cul-de-sac so there will be very limited traffic by few neighbors. There is a mix of oak trees and pines for shade and extra privacy on the lot that gets wider the deeper it goes. Amenities include live gate guards weekdays with special individual codes for residents when guards not present, swimming pool, newly remodeled toddler playground at the covered pavilion area, picnic tables, men's and women's restrooms, basketball court, tennis court, concrete boat launch, swim platform and more. Come take a tour today.
Full Property Details
Full Property Details for 000 Preakness Pl
General
- Price: $54,900
- HOA FEE: $21/month
- HOA FEE FREQ.: Annually
- Taxes: $457 (2025)
- Status: Active
- Type: Vacant Land
- Source: Bay_County
- MLS ID: 787187
- Updated: 8/7/2026
- Added to Site: 2 day(s) ago
Additional Information
- Shared Amenities: Gated, Barbecue, Picnic Area
- Pool: Yes
- Pool Description: Community
Location
- County: Washington
- Subdivision: Leisure Lakes
- Driving Directions: From Panama City, go north on Hwy 77, cross Hwy 20, go about 3 miles to left on Chain Lake Road to gated entrance of lake subdivision.
School Information
- Elementary School: Vernon Elementary
- Middle School: Vernon
- High School: Vernon
Community
- Community Name: 10 - Washington County
- Association: Yes
- Assoc. Fees Include: Boat Ramp, Fishing Rights, Playground, Tennis Courts
Utilities
- Sewer: Septic Needed
- Water: Well Needed
- Well: Yes
Lot Features
- Lot Size (Acres): 2.5
- Lot Size (Sq. Ft.): 108,900
- Lot Size: 2.5
- Lot Dimensions: 28 x 650 x 550 x 400
- Lot Features: Cul-De-Sac, Paved
- Zoning: Horses Allowed, Resid Single Family
Financial Considerations
- Association Fee: $250
- Assoc Fee Freq.: Annually
- Tax Amount: $457
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: LOT B-98 LEISURE LAKES 1ST ADD RECORDED PLAT ORB 880 P 36
- Property ID: 00000000-00-4151-0098
Listed by Counts Real Estate Group
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Price & Sales History for 000 Preakness Pl
Date
Details
Price
Change
Source
8/07/2026
Price Reduced
$54,900
-8.35%
MLS
6/04/2026
Price Reduced
$59,900
-7.85%
MLS
3/23/2026
Listed
$65,000
154.9%
MLS
10/17/2023
Sold
$25,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 000 Preakness Pl
Year
Property Taxes
Change
Tax Assessment
Change
2025
$457
4%
$33,000
2%
2024
$438
65%
$32,500
18%
2023
$266
19%
$27,500
29%
2022
$224
15%
$21,250
31%
2021
$194
—
$16,250
18%
2021
$194
20%
$13,750
38%
2019
$162
1%
$9,983
10%
2018
$160
12%
$9,075
-9%
2017
$143
17%
$10,000
33%
2016
$122
-27%
$7,500
-25%
2015
$166
-21%
$10,000
-20%
2014
$209
-37%
$12,500
-38%
2013
$330
—
$20,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 000 Preakness Pl
000 Preakness Place, Chipley, FL 32428 (MLS# 787187) is a Vacant Land property with a lot size of 2.5 acres. 000 Preakness Place is currently listed for $54,900 and was received on August 07, 2026. Want to learn more about 000 Preakness Place? Do you have questions about finding other Vacant Land real estate for sale in Chipley? You can browse all Chipley real estate or contact a Coldwell Banker agent to request more information.

