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$90,000
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Property Description
Single-family home with major structural and mechanical updates already completed. Roof was replaced after Hurricane Michael. Property has passed framing inspection. Rough plumbing and mechanicals are completed but will need final plumbing inspection pending bathtub install. Plumbing fully upgraded to new PEX throughout, including the main line to the meter. Wall insulation and most of the attic insulation will be included in sale. Estimated remaining renovation budget is approx $60,000 to complete. ARV is estimated around $250,000.
Full Property Details
Full Property Details for 5012 Lake Dr
General
- Sold For: $90,000
- Taxes: $1,029 (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 784313
- Added to Site: 27 day(s) ago
Interior
- Number of Rooms: 3
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Location
- County: Bay
- Subdivision: W H Parker
- Driving Directions: From 231 South, Turn left on Transmitter Rd. Go 2.6 miles to Hwy 98 (E 15th St) Turn left. Go 3.6 miles to Lake Dr, turn right. Property is 0.4 miles on left.
School Information
- Elementary School: Parker
- Middle School: Rutherford Middle
- High School: Rosenwald
Community
- Community Name: 02 - Bay County - Central
Utilities
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Craftsman
- Sq. Ft. Source: Owner
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,672
- Lot Size: .24
- Lot Dimensions: 102.8 x 92.97
- Zoning: Resid Single Family
Financial Considerations
- Tax Amount: $1,029
- Tax Year: 2025
Disclosures and Reports
- Legal Description: W H PARKER PLAT (2.60) BEG 205' E OF NW COR LOT 24 TH S 132' E 125' N 132' W 125' TO POB LESS 25' ON N & E SIDE FOR RW ORB 2851 P 1256
- Property ID: 25227-000-000
Listed by Simply South Realty
Sold by Keller Williams Success Realty
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Schools
Schools serving 5012 Lake Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Parker Elementary School 640 South Highway 22 A, Panama City, FL 32404 | PK-5 | 0.1 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5012 Lake Dr
Date
Details
Price
Change
Source
2/23/2026
Sold
$90,000
-10%
MLS
1/28/2026
Listed
$100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5012 Lake Drive, Panama City, FL 32404 (MLS# 784313) is a Single Family property that was sold at $90,000 on February 23, 2026. Want to learn more about 5012 Lake Drive? Do you have questions about finding other Single Family 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.

