Tucked away on 2.7 acres along the beautiful shores of Gainer Bayou, this private gated property offers the perfect blend of space, functionality, and waterfront living. The 2-bedroom, 2-bathroom home sits on a serene piece of land with peaceful bayou views, creating an ideal setting for full-time living or a relaxing weekend retreat.
Inside, you'll find a comfortable layout with plenty of natural light and views of the water, while outside is where this property truly shines. The fully fenced backyard provides privacy and room for pets or entertaining, and the detached 2-car garage/workshop offers ample space for storage, tools, or hobbies.
Whether you're enjoying quiet mornings overlooking the bayou or taking advantage of the acreage for outdoor living, this property delivers a rare opportunity to own waterfront land with room to spread out. With gated access, usable land, and direct Gainer Bayou frontage, properties like this don't come around often--schedule your showing today.
For sale
$500,000
7516 Olde Mill Rd, Southport, FL 32409
2beds
1,080sqft
Est.:
Single Family Residence
Built in 1966
2.71 Acres Lot
$248,600 Zestimate®
$463/sqft
$-- HOA
What's special
Gated accessUsable landViews of the waterDirect gainer bayou frontagePrivate gated property
- 6 days |
- 309 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: April 02, 2026 at 09:54am
Listed by:
The Sanchez Group 850-890-6262,
Think Real Estate
Source: CPAR,MLS#: 787791
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Second
- Dimensions: 14 x 8
Bedroom
- Level: First
- Dimensions: 11 x 8
Bedroom
- Level: First
- Dimensions: 12 x 8
Kitchen
- Level: First
- Dimensions: 10 x 10
Living room
- Level: First
- Dimensions: 25 x 15
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Cooktop
Interior area
- Total structure area: 1,080
- Total interior livable area: 1,080 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Patio & porch: Balcony, Deck, Enclosed, Patio, Covered, Porch
- Exterior features: Covered Patio, Patio
- Fencing: Fenced
- Has view: Yes
- View description: Bayou
- Has water view: Yes
- Water view: Bayou
- Waterfront features: Bayou
Lot
- Size: 2.71 Acres
- Dimensions: 338 x 350
Details
- Additional structures: Garage(s), Workshop
- Parcel number: 07865010000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Wood Siding
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: [No Recorded Subdiv]
HOA
- Has HOA: No
Location
- Region: Southport
Financial & listing details
- Price per square foot: $463/sqft
- Tax assessed value: $144,438
- Annual tax amount: $417
- Date on market: 4/2/2026
- Electric utility on property: Yes
Estimated market value
$248,600
$216,000 - $278,000
$1,697/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Listed for sale | $500,000+179.3%$463/sqft |
Source:  CPAR #787791 Report a problem | ||
| 9/29/2011 | Listing removed | $179,000$166/sqft |
Source: Real Estate Group #411929 Report a problem | ||
| 8/19/2011 | Listed for sale | $179,000$166/sqft |
Source: Real Estate Group #411929 Report a problem | ||
| 5/21/2011 | Listing removed | $179,000$166/sqft |
Source: Scott Ingraham Real Estate Group #411929 Report a problem | ||
| 11/20/2010 | Listed for sale | $179,000+616%$166/sqft |
Source: Scott Ingraham Real Estate Group #411929 Report a problem | ||
| 11/1/1980 | Sold | $25,000$23/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $400 +0.8% | $100,079 +3% |
| 2023 | $397 +7.7% | $97,164 +5.9% |
| 2022 | $368 | $91,728 |
| 2021 | -- | -- |
| 2020 | $376 +2% | $87,826 +1.2% |
| 2019 | $369 | $86,825 -0.8% |
| 2018 | $369 -3.9% | $87,529 -0.3% |
| 2017 | $384 -3.9% | $87,816 +0.1% |
| 2016 | $400 -12.6% | $87,703 -3.6% |
| 2015 | $457 | $90,995 +0.8% |
| 2014 | $457 | $90,273 +1.5% |
| 2013 | -- | $88,939 -1.3% |
| 2012 | -- | $90,076 +10.9% |
| 2011 | -- | $81,193 +1.5% |
| 2010 | -- | $79,993 +2.7% |
| 2009 | -- | $77,890 +0.1% |
| 2008 | -- | $77,812 +3% |
| 2007 | -- | $75,546 +2.5% |
| 2006 | -- | $73,703 +3% |
| 2005 | -- | $71,556 +3% |
| 2004 | -- | $69,472 +1.9% |
| 2003 | -- | $68,177 +2.4% |
| 2002 | -- | $66,579 +1.6% |
| 2001 | -- | $65,531 +3% |
| 2000 | -- | $63,622 |
Find assessor info on the county website
Monthly payment
Est. payment
$2,971/mo
Principal & interest
$2442
Property taxes
$529
More affordability tools
Climate risks
Neighborhood: 32409
Nearby schools
GreatSchools rating
- 5/10Southport Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 4/10Mowat Middle SchoolGrades: 6-8Distance: 3.7 mi
- 7/10North Bay Haven Career AcademyGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Elementary: Southport
- Middle: Deane Bozeman
- High: Deane Bozeman
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 32409
- Florida
- Bay County
- Southport
- 32409
- 7516 Olde Mill Rd
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