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$96,000 Just Listed
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Property Description
Exceptional opportunity to purchase 5527 Lakewood Circle together with the adjoining lot, creating a larger combined homesite with added space, privacy, and development flexibility. The property is zoned R-2, allowing potential uses that may include manufactured housing, a single-family residence, or duplex development, subject to applicable county requirements, permitting, setbacks, and site approval. Located along a quiet paved street in an established residential area, these wooded parcels have mature trees and multiple possibilities for builders, investors, or buyers planning a future homesite. The combined lots may provide room for a larger yard, additional outdoor space, or an income-producing residential project. Conveniently located near shopping, schools, dining, Tyndall Air Force Base, and other Panama City amenities. Both parcels are being sold together as one package. Buyer is responsible for verifying zoning, manufactured-home eligibility, duplex approval, utilities, lot dimensions, access, flood zone, wetlands, build ability, and all other information important to the buyer during the due-diligence period. Cash purchase only. Buyer pays all closing costs.
Full Property Details
Full Property Details for 5527 Lakewood Cir
General
- Price: $96,000
- Taxes: $482 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8528945
- Updated: 7/13/2026
- Added to Site: 1 day(s) ago
Location
- Area: 32404 - Panama City
- County: Bay
- Development Name: 32404 - Panama City
- Subdivision: LAKEWOOD MANOR UN ONE RE
- Driving Directions: Driving Directions to 5527 Lakewood Circle, Panama City, FL 32404 From US-231 (N Tyndall Parkway), head east on State Road 22 (E 15th Street) toward Callaway. Continue approximately 5 miles, then turn left onto Lakewood Circle. Follow Lakewood Circle through the neighborhood for about 0.4 miles. The property will be on the left-hand side, adjacent to the neighboring lot being sold as part of the package.
Community
- Community Name: 32404 - Panama City
Utilities
- Sewer: Septic Needed
- Water: Well Required
- Utility Description: Electricity Available
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 0.72
- Lot Size (Sq. Ft.): 31,320
- Lot Size: 31320
- Lot Dimensions: 245 x 100
- Street/Road Desc.: Paved
Financial Considerations
- Price Per Acre: $133,333
- Tax Amount: $482
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LAKEWOOD MANOR U-1 REPLAT LOT 8 ORB 1322 P 168
- Flood Zone Info: X
- APN: 5640327000
- Property ID: 5640327000
- Block/Lot/Section: 0/1
Listed by Fields Of Prosper Llc
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Schools
Schools serving 5527 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 | 3.9 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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5527 Lakewood Cir
Date
Details
Price
Change
Source
7/13/2026
Listed
$96,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5527 Lakewood Cir
Year
Property Taxes
Change
Tax Assessment
Change
2024
$477
—
$38,961
1%
2024
$477
9%
$38,672
10%
2023
$439
-17%
$35,064
-24%
2022
$529
1%
$45,858
4%
2021
$524
1%
$44,040
4%
2019
$519
3%
$42,533
10%
2018
$504
16%
$38,666
10%
2017
$436
-3%
$35,151
—
2016
$448
3%
$35,151
7%
2015
$434
-9%
$32,929
-9%
2014
$478
15%
$36,363
2%
2013
$415
—
$35,757
—
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 5527 Lakewood Cir
5527 Lakewood Circle, Panama City, FL 32404 (MLS# TB8528945) is a Lots/Land property with a lot size of 0.72 acres. 5527 Lakewood Circle is currently listed for $96,000 and was received on July 13, 2026. Want to learn more about 5527 Lakewood Circle? Do you have questions about finding other Lots/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.

