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.
New construction
$499,900
20235 Bain Rd, Fountain, FL 32438
4beds
2,500sqft
Est.:
Single Family Residence
Built in ----
20 Acres Lot
$476,200 Zestimate®
$200/sqft
$-- HOA
What's special
Multi-family projectPrivate residenceContemporary kitchenModern tile flooringAgricultural use
- 27 days
- on Zillow |
- 459 |
- 28 |
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 08:30am
Listed by:
Stephania Ruiz Ojeda 850-517-6428,
IXL Real Estate Florida
Source: CPAR,MLS#: 776249
Originating MLS: Emerald Coast Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Primary Bedroom
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Electric Range, Disposal, Refrigerator, Washer
Interior area
- Total interior livable area: 2,500 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Pool features: None
- Fencing: Partial
Lot
- Size: 20 Acres
- Dimensions: 660 x 1320
- Features: Agricultural, Cleared
Details
- Parcel number: 00457010000
- Zoning description: Agriculture
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- HardiPlank Type, Wood Frame
- Foundation: Slab
- Roof: Metal
Condition
- Under Construction
- New construction: Yes
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Septic Available, Water Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: [No Recorded Subdiv]
HOA
- Has HOA: No
Location
- Region: Fountain
Financial & listing details
- Price per square foot: $200/sqft
- Tax assessed value: $71,430
- Annual tax amount: $805
- Date on market: 7/1/2025
- Listing terms: Cash,Owner May Carry
- Loading
- Loading