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$340,000
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Property Description
UNDER CONTRACT, TAKING BACK UP OFFERS. Charming 2-Bed, 2-Bath Home on Nearly Half an Acre - Country Living Close to Town! Welcome to your peaceful retreat with all the convenience of city proximity! This well-maintained 2-bed, 2-bath home sits on almost half an acre, offering the perfect blend of privacy and accessibility. Enjoy your very own outdoor oasis featuring a sparkling pool, artesian well, and plenty of space to entertain, sing your heart out doing karaoke or just relax. A detached 14x20 workshop includes a climate controlled office area, ideal for remote work, hobbies, or a small business. Additional separate storage is perfect for tools, lawn equipment, and more. Inside, you'll find thoughtful details like crown molding, chair rail trim, and a cozy, functional layout. This property is perfect for those looking to spread out, unwind, and still be just minutes from town, shops, and dining. 📍 Nearly 1/2 acre 🛏 2 Bedrooms | 🛁 2 Bathrooms 💦 Artesian well + Pool 🔧 Workshop with A/C office + extra storage 🌳 Tranquil, country feel with city convenience Don't miss this rare gem-schedule your showing today!
Full Property Details
Full Property Details for 5514 Lakewood Cir
General
- Sold For: $340,000
- Taxes: $771 (2024)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 775725
- Added to Site: 200 day(s) ago
Interior
- Number of Rooms: 3
- Appliances: Electric Range, Electric Water Heater, Water Softener Owned
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Private
Exterior
- Exterior Features: Patio
- Porch/Patio/Deck: Patio, Open, Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Garage, Garage Door Opener
Location
- County: Bay
- Subdivision: Lakewood Manor U-1
- Driving Directions: N on 231, Rt on Star Ave, Lt on John Pitts, Lt on East Lakewood Manor, L on Lakewood Cir, house on right
School Information
- Elementary School: Tommy Smith
- Middle School: Merritt Brown
- High School: Rutherford
Community
- Community Name: 05 - Bay County - East
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Structural Information
- Architectural Style: Contemporary
- Windows: Double Pane Windows
- Stories/Levels: 1
- Sq. Ft. Source: Owner
- Year Built: 1995
Additional Structures
- Other Structures: Shed(s), Workshop
Lot Features
- Lot Size (Acres): 0.48
- Lot Size (Sq. Ft.): 20,996
- Lot Size: .48
- Lot Dimensions: Irregular
- Lot Features: Sprinkler System, Paved
- Zoning: Resid Single Family
- Fencing (Description): Fenced, Privacy
Financial Considerations
- Tax Amount: $771
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: LAKEWOOD MANOR UNIT 1 REPLAT LOT 31 ORB ORB 1446 P 855
- Property ID: 05640-341-000
Listed by Think Real Estate
Sold by Foundation Real Estate Agency LLC
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Schools
Schools serving 5514 Lakewood Cir
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Tommy Smith Elementary School 5044 Tommy Smith Drive, Panama City, FL 32404 | PK-5 | 4 mi |
Merritt Brown Middle School 5044 Merritt Brown Way, Panama City, FL 32404 | 6-8 | 3.9 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 9.1 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 5514 Lakewood Cir
Date
Details
Price
Change
Source
8/29/2025
Sold
$340,000
-8.11%
MLS
6/30/2025
Listed
$370,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5514 Lakewood Circle, Panama City, FL 32404 (MLS# 775725) is a Single Family property that was sold at $340,000 on August 29, 2025. Want to learn more about 5514 Lakewood Circle? 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.

