Discover a truly special opportunity to build your dream home on this rare 1-acre bayfront property offering approximately 120 feet of stunning bay frontage. With city water, city sewer and a power pole already in place, much of the essential infrastructure is ready to go—saving time and expense during the building process. No HOA means you have the flexibility to design your property your way, while still leaving a natural green buffer for privacy if desired. The existing home has no value, giving you a clean slate to create the custom coastal retreat you’ve always envisioned. Nestled in the relaxed, laid-back coastal city of Panacea, this golf-cart-friendly community is known for its terrific local restaurants, fantastic bay and Gulf fishing, and charming festivals and small-town parades. Enjoy the peaceful Old Florida lifestyle while being just minutes from everything that makes Panacea such a beloved destination. An incredible waterfront canvas—ready for your vision.
Under contract
$139,900
182 Levy Bay Rd, Panacea, FL 32346
--beds
--baths
1.3Acres
Unimproved Land
Built in ----
1.3 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Incredible waterfront canvas
- 37 days |
- 166 |
- 10 |
Zillow last checked: 8 hours ago
Listing updated: January 01, 2026 at 05:41am
Listed by:
Tara Morgan 850-695-1002,
GF&A Realty
Source: TBR,MLS#: 394119
Facts & features
Property
Features
- On waterfront: Yes
- Frontage type: Bay/Harbor
Lot
- Size: 1.3 Acres
- Dimensions: 120 x 498 x 120 x 455
- Features: 1 or More Acres, Flood Zone, Level
- Topography: Level
Details
- Additional structures: Shed(s)
- Parcel number: 12129255S02W04603310000
Utilities & green energy
- Sewer: Not Connected (nearby), Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: AQUA DE VIDA
Location
- Region: Panacea
Financial & listing details
- Tax assessed value: $94,537
- Annual tax amount: $1,708
- Date on market: 12/13/2025
- Cumulative days on market: 38 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,669/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/1/2026 | Contingent | $139,900 |
Source: | ||
| 12/13/2025 | Listed for sale | $139,900 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,708 -0.3% | $94,537 +0% |
| 2023 | $1,713 -6.9% | $94,536 -12.2% |
| 2022 | $1,840 +1.8% | $107,732 +4.1% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 32346
Nearby schools
GreatSchools rating
- 8/10Medart Elementary SchoolGrades: PK-5Distance: 4.5 mi
- 6/10Wakulla Middle SchoolGrades: 6-8Distance: 7.8 mi
- 5/10Wakulla High SchoolGrades: PK,9-12Distance: 6.3 mi
Schools provided by the listing agent
- Elementary: MEDART
- Middle: WAKULLA
- High: WAKULLA
Source: TBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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