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$500,000
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Property Description
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!
Full Property Details
Full Property Details for 4820 N Lakewood Dr
General
- Sold For: $500,000
- Status: Closed
- Type: Commercial
- Source: Bay_County
- MLS ID: 783389
- Added to Site: 244 day(s) ago
Interior
- Flooring: Carpet, Tile
Parking
- Parking Features: Paved
Location
- County: Bay
- Township: 4S
- Subdivision: William L. Wilson Plat
- Driving Directions: From S Tyndall Parkway, West on Cherry Street to 22-A (Bob Little Road), then left (South) on 22-A to N Lakewood Drive, right (West) on N Lakewood, property is on the left (South Side of N. Lakewood Drive) - large parking lot
School Information
- Elementary School: Parker
- Middle School: Everitt
- High School: Rutherford
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available
Structural Information
- Construction: Block, Stucco
- Roof: Asphalt
- Stories/Levels: 2
- Year Built: 1950
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Property View: Lake
- Lot Size (Acres): 1.79
- Lot Size (Sq. Ft.): 77,972.4
- Lot Size: 1.79
- Frontage: City Street
- Lot Features: Sloped
- Zoning: City
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Lake
- Water Front View: Lake
- Lake Front: Yes
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: 13 4S 14W -66- 119A2 LOT 10 BLK B WM L WILSON PLAT IN N1/2 ORB 4129 P 1991
- Property ID: 24959-000-000
- Lot Number: 10
Listed by ERA Neubauer Real Estate, Inc
Sold by Coastal Property Services, Inc
Get Pre-Approved Today
Schools
Schools serving 4820 N Lakewood Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Parker Elementary School 640 South Highway 22 A, Panama City, FL 32404 | PK-5 | 0.4 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4820 N Lakewood Dr
Date
Details
Price
Change
Source
8/27/2026
Sold
$500,000
-23.08%
MLS
1/08/2026
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4820 N Lakewood Drive, Panama City, FL 32404 (MLS# 783389) is a Commercial property that was sold at $500,000 on August 27, 2026. Want to learn more about 4820 N Lakewood Drive? Do you have questions about finding other Commercial real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

