This home's estimate is 24.1% lower than the average sale price ($196K) of 6 comparable homes.
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182 Levy Bay Rd, Panacea, FL 32346
About this home
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.
Redfin Estimate
Market trends in 32346, FL
Last updated August 2026
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Provided by Redfin
Sale history for 182 Levy Bay Rd
Tax history for 182 Levy Bay Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Exterior
- Exterior Features
- Other Structures: Shed(s)
- Land Information
- Topography: Level
- Possible Use: Residential
- Lot Information
- Lot Size Acres: 1.3
- Lot Size Dimensions: 120x498x120x455
- Lot Features: One Or More Acres, Flood Zone, Level
- Road Surface Type: Paved
- Is Waterfront
- Frontage Type: Bay/Harbor
Financial
- Tax Information
- Annual Tax Amount: $1,708
- Lease Information
- Sale Or Lease Indicator: For Sale
Utilities
- Utility Information
- Utilities: Electricity Available, Sewer Available, Water Available
- Sewer: Not Connected (nearby), Public Sewer
- Water Source: Public
Public facts
- Beds: 2
- Baths: 1.0
- Sq. Ft.: 932
- Stories: 1.0
- Lot Size: 1.03 acres
- Style: Single Family Residential
- Year Built: 1935
- Year Renovated: 1935
- County: Wakulla County
- APN: 255S02W04603310000
Around this home
Schools
Public PreK-5 • Assigned • 4.6mi
Public 6-8 • Assigned • 7.8mi
Public PreK-12 • Assigned • 6.4mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Estimated 80%+ chance of a flood reaching the building in the next 30 years
2% chance of being in a wildfire in next 30 years
7 days above 109° expected this year, 20 days in 30 years
99% chance of strong winds in next 30 years
0 unhealthy days expected this year, 1 days in 30 years
Sun exposure
In this area, properties receive around 9.9 hours in June and 5.9 hours in December, placing it above the U.S. average for solar exposure.
Sell confidently with a local market expert in Panacea. 3 minutes to get started.
Nearby similar homes
New listings for sale in 32346
Home values near 182 Levy Bay Rd
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 988 Sq. Ft. | $186,488 |
5 Beds | 2.5 Baths | 2400 Sq. Ft. | $407,142 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 878 Sq. Ft. | $173,521 |
3 Beds | 2.5 Baths | 2005 Sq. Ft. | $1,087,443 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1736 Sq. Ft. | $525,955 |
2 Beds | 2 Baths | 654 Sq. Ft. | $195,434 |
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