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$289,999
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Property Description
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Welcome to this well built Century 4-bedroom, 2-bathroom Covington floor plan home located in the desirable Butler Farms community. Designed with comfort and functionality in mind, this home features an open-concept main living space with durable vinyl flooring, while the bedrooms offer soft carpeting for added warmth. The kitchen is the heart of the home, boasting ample cabinetry, a breakfast bar, stainless steel appliances, and sleek granite countertops-perfect for both everyday living and entertaining. The master suite is a private retreat with a spacious walk-in closet and an en-suite bathroom featuring a double vanity. This split-bedroom floor plan provides privacy, with three additional bedrooms located away from the master suite. Each secondary bedroom offers closet space, cozy carpeted flooring, and easy access to the second full bathroom, making them ideal for family, guests, or a home office. Step outside to a fully fenced backyard, complete with a patio and extended pavers-ideal for outdoor gatherings, grilling, or simply relaxing. the back yard of this homes faces east offering shad in the warm summer afternoons. This is a small community that backs up to greenspace with excellent drainage and sits on a dead end street. One of the standout features of this property is the assumable VA loan, offering an incredible opportunity for qualified buyers to take advantage of favourable financing. Perfectly situated, this home is just 1.1 miles from H.G. Harders Park, 17 miles from Tyndall Air Force Base, and 29 miles from the white sandy beaches of Panama City Beach. You'll also enjoy close proximity to shopping, dining, schools, and entertainment, making this property as convenient as it is inviting. Don't miss your opportunity to own a beautiful home with an assumable VA loan- schedule your showing today! Seller is open to a Lease/ Purchase agreement, ask your Realtor today!
Full Property Details
Full Property Details for 5536 Lexa Ln
General
- Price: $289,999
- Taxes: $2,810 (2024)
- Status: Under Contract
- Type: Single Family
- Source: Bay_County
- MLS ID: 778164
- Updated: 1/4/2026
- Added to Site: 145 day(s) ago
Interior
- Number of Rooms: 6
- Appliances: Electric Cooktop, Electric Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Patio
- Porch/Patio/Deck: Covered, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Bay
- Subdivision: No Named Subdivision
- Driving Directions: Go North on HWY 231, take a right onto N Star Ave, then an immediate left onto John Pitts Rd, follow for approximately 2 miles, take a left into Butler Farms/Mars Hill Subdivision, at the Stop sign take a right.
School Information
- Elementary School: Tommy Smith
- Middle School: Merritt Brown
- High School: Rutherford
Community
- Community Name: 05 - Bay County - East
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
- Heating Type: Central, Electric, ENERGY STAR Qualified Equipment
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Contemporary
- Windows: Double Pane Windows
- Sq. Ft. Source: Appraiser
- Year Built: 2022
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,492
- Lot Size: .17
- Lot Dimensions: 149 x 50
- Frontage: City Street
- Lot Features: Paved
- Zoning: Resid Single Family
- Fencing (Description): Full, Fenced
Financial Considerations
- Tax Amount: $2,810
- Tax Year: 2024
Disclosures and Reports
- Legal Description: Lot 7 of BUTLER FARMS, according to the Plat thereof as recorded in Plat Book 28, Page(s) 32, of the Public Records of Bay County, Florida.
- Property ID: 05641-950-070
Listed by Anchor Realty Florida
Get Pre-Approved Today
Schools
Schools serving 5536 Lexa Ln
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Tommy Smith Elementary School 5044 Tommy Smith Drive, Panama City, FL 32404 | PK-5 | 2.4 mi |
Merritt Brown Middle School 5044 Merritt Brown Way, Panama City, FL 32404 | 6-8 | 2.4 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 7.9 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 5536 Lexa Ln
Date
Details
Price
Change
Source
11/07/2025
Price Reduced
$289,999
-1.36%
MLS
10/10/2025
Price Reduced
$294,000
-2%
MLS
8/26/2025
Listed
$300,000
15.38%
MLS
12/21/2022
Sold
$260,000
—
Public Record
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 5536 Lexa Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,810
-5%
$224,343
-4%
2023
$2,952
7668%
$232,544
7243%
2021
$38
-91%
$3,167
-91%
2022
$421
—
$36,473
—
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 5536 Lexa Ln
5536 Lexa Lane, Panama City, FL 32404 (MLS# 778164) is a Single Family property with 4 bedrooms and 2 full bathrooms. 5536 Lexa Lane is currently listed for $289,999 and was received on August 26, 2025. Want to learn more about 5536 Lexa Lane? 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.

