$15,000

TBD Otter Lake Rd Panacea, FL 32346

Estimated payment $93/month

0.14 Acre
$107,143 Price per Acre
6,098 Sq Ft Lot

About This Lot

Fantastic price for a buildable lot in Panacea on Florida’s Forgotten Coast. Peaceful and quiet, with nearby parks, fishing, boating, and dining, it’s an ideal spot for a getaway, rental, or permanent home. This listing is for Lot 161 only, part of Parcel 23-5S-02W-095-02897-000. The seller is open to selling other lots in the parcel, with division finalized at closing. A previous survey is available. Directions lead to Center St, with an alley (Lake Ave on the survey, Lake Essay on the PA site) providing access to Lot 161—note the lot is accessible via the alley. Water and sewer are available through Panacea Water, with the tap fee paid by the buyer. Electric is available. The lot measures approximately 50x139. No minimum house size required. Setbacks are 25' front, 15' rear, and 8' sides.

Listing Agent

Carlotta Smith Stauffer

Stauffer Realty LLC License #3410267 Listed on: 12/10/2025

Property Details

Property Type

  • Land

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x139x50x139
  • Dirt Road
  • Level Lot
  • Wooded Lot

Schools

  • Medart Elementary School
  • Wakulla Middle School
  • Wakulla High School

Community Details

  • Panacea Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 161 / 16
  • Assessor Parcel Number 12129-23-5S-02W-095-02897-000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Road Frontage Type: Other
  • Waterfront: No
  • Topography: Level
  • Development Status: Raw Land
  • Directions: Hwy 98 to Panacea - turn onto Otter Lake - R on Center St - sign (see notes)
  • Elementary School: MEDART
  • High School: WAKULLA
  • PropertySubType: Unimproved Land
  • PropertyType: Land
  • Road Frontage Type: Other
  • Lot Size: 50x139x50x139
  • ResoRoadSurfaceType: Unimproved
  • Subdivision Name: Panacea Park
  • Owner Name: Gray
  • PropertySubTypeAdditional: Unimproved Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Residential

Exterior Features

  • View: None
  • Lot Features: <1 Acre, Level
  • Acres: 0.14
  • View: No

Utilities

  • Sewer: Not Connected (nearby), Public Sewer, None
  • Water Source: None, Public

Schools

  • Middle Or Junior School: WAKULLA

Lot Info

  • Parcel Number: 12129-23-5S-02W-095-02897-000

Rental Info

  • Owner Pays: Electricity Available, None, Sewer Available, Water Available

Tax Info

  • Tax Block: 16
  • Tax Lot: 161

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2025 12/10/25 For Sale $15,000 -- --
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

MLS Number: 394027

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)
Florida Wakulla County Panacea 32346

TBD Otter Lake Rd, Panacea, FL

For Sale

Lots

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Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Carlotta Smith Stauffer
Listing Agent
Carlotta Smith Stauffer
Section Image
Stauffer Realty LLC
(850) 809-8662