$499,900
Fountain, FL 32438
MLS# 776249
4 beds | 2 baths | 2500 sqft
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Property Description
Incredible opportunity for investors! This cleared and usable 20-acre parcel is located just 45 minutes from Panama City, directly across from Deep Springs Park. With road access on three sides, the property offers excellent potential for a private residence, campground, multi-family project, or the construction of additional homes or cabins. The property includes a 4-bedroom, 1.5-bath home in the final stage of construction, offering 2,500 sqft, modern tile flooring throughout, a beautiful contemporary kitchen, and a newly installed septic system. Only minor finishes remain, including portions of the front and back porch roofs, fascia, siding, and one toilet. Property is being sold AS IS. Equipped with 4 deep water wells, the land is ideal for agricultural use and currently supports cows, horses, and a thriving vegetable garden. With no HOA, no restrictions, and a recent survey included, this property is a rare combination of privacy, infrastructure, and future potential—perfect for cash buyers.
Details
Maps
Contract Info
Status: Active
List Date: 2025-07-01
List Price: $499,900
List Price/SqFt: 199.96
Current Price: $499,900
Location
Area: 04 - Bay County - North
Street #: 20235
Street Name: Bain
Street Suffix: Road
State: FL
Zip Code: 32438
County: Bay
Sub Area: 0412 - Bay North - Fountain Area
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 00457-010-000
Elementary School: Waller
Middle School: Merritt Brown
High School: Deane Bozeman
Directions: From Panama City, take Hwy 231 North for approximately 35 miles. Turn right onto Bain Rd. Continue on Bain Rd for about 2.5 miles. The property will be on the left, directly behind the park 'Deep Spri
Legal Description: 5 1N 12W 20AC -30.1- N1/2 OF NW1/4 OF SE1/4 ORB 4523 P 288
General Property Info
Sub-Type: Detached Single Family
Design: Ranch
Apx SqFt(Htd/Cooled): 2500
SqFt Source: Owner Measured
Bedrooms: 4
Full Baths: 1
Half Baths: 1
Total Baths: 2
# of Stories in Building: 1
Year Built: 1
Construction Status: Under Construction
New Construction: Yes
Garage Y/N: No
Lot Dimensions: 660 X 1320
Acreage: 20
Lot Size (SqFt): 871200
Pool: No
Property Features
Appliances: Dishwasher; Disposal; Dryer; Range - Electric; Refrigerator; Washer
Cooling: Central Air
Exterior: Fenced Lot-Part
Financing: Cash; Seller Financing
Furnished: Negotiable
Lot Features: Agricultural; Cleared
Lot Access: County Road
Parking Features: Driveway
Rooms: Bedroom; Master Bedroom
Sale Type: As Is
Utilities: Electricity - Connected; Private Well; Septic Tank
Present Zoning: Agriculture
Room Information
| Room Name | Dimensions | Length | Width | Dimensions |
| Master Bedroom | 20 x 12 | 20.00 | 12.00 | 20 x 12 |
| Bedroom | 12 x 12 | 12.00 | 12.00 | 12 x 12 |
| Bedroom | 12 x 12 | 12.00 | 12.00 | 12 x 12 |
| Bedroom | 12 x 8 | 12.00 | 8.00 | 12 x 8 |
Listing Office: IXL Real Estate Florida
Last Updated: July - 16 - 2025
Information deemed reliable but not guaranteed.