Date
Details
Price
Change
Source
10/22/2025
Listed
$149,700
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$149,700
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Property Description
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.
Full Property Details
Full Property Details for 5405 Olympia Dr
General
- Price: $149,700
- Taxes: $582 (2024)
- Status: Active
- Type: Vacant Land
- Source: Bay_County
- MLS ID: 780710
- Updated: 1/6/2026
- Added to Site: 87 day(s) ago
Location
- County: Bay
- Subdivision: Rolling Hills
- Driving Directions: North on 231, right on Star, left on John Pitts, right on Olympia, property at the end on the right.
School Information
- Elementary School: Tommy Smith
- Middle School: Merritt Brown
- High School: Rutherford
Community
- Community Name: 05 - Bay County - East
Lot Features
- Lot Size (Acres): 6.34
- Lot Size (Sq. Ft.): 276,170
- Lot Size: 6.34
- Lot Dimensions: Irregular
- Lot Features: Paved
- Zoning: Resid Single Family, Mobile Home
Financial Considerations
- Tax Amount: $582
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: 10 3S 13W -1.1L- 143D COM NE COR TH W 2374.32' TO WLY SIDE OF 100' GPC R/W ESMT TH SWLY 445' FOR POB TH E 174.03' SELY 230.55' E 141.80' S 60' W 33.39' SELY 246.27' TO THE NE COR ROLLING HILLS SUB U-2 W 701.23' TO NW COR OF LOT 10 SWLY 590.55' W 114. 84' NELY 1087.96' TO POB ORB 4017 P 1268
- Property ID: 05894-001-100
Listed by World Impact Real Estate
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Schools
Schools serving 5405 Olympia Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Tommy Smith Elementary School 5044 Tommy Smith Drive, Panama City, FL 32404 | PK-5 | 1.9 mi |
Merritt Brown Middle School 5044 Merritt Brown Way, Panama City, FL 32404 | 6-8 | 1.8 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 7.4 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 5405 Olympia Dr
Tax History
Tax History for 5405 Olympia Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$582
9%
$47,470
11%
2023
$534
-11%
$42,620
-16%
2021
$600
22%
$50,473
18%
2022
$492
-18%
$42,620
-7%
2021
$600
14%
$46,006
5%
2019
$527
-1%
$43,956
—
2018
$535
—
$43,956
—
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 5405 Olympia Dr
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,039Sq. Ft.
Listed by Beverly Buck Team (850) 650-4563
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 2Total Baths
- 2,108Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,977Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
- 2,872Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 2,734Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,580Sq. Ft.
- Single Family
- Active
- Updated 7 hours ago
- 4Beds
- 3Total Baths
- 2,406Sq. Ft.
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5405 Olympia Drive, Panama City, FL 32404 (MLS# 780710) is a Vacant Land property with a lot size of 6.34 acres. 5405 Olympia Drive is currently listed for $149,700 and was received on October 22, 2025. Want to learn more about 5405 Olympia Drive? Do you have questions about finding other Vacant Land 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.