For sale

Price cut: $30K (9/29)

$249,900

151 Otter Lake Rd, Panacea, FL 32346

3beds

1,196sqft

$1,719/mo

Get pre-qualified

Single Family Residence

Built in 1972

7,840 Square Feet Lot

$237,900 Zestimate^®

$209/sqft

$-- HOA

What's special

New metal roofDishwasher and garbage disposalNew vinyl siding

Fully renovated 3BR/2BA home with 1,196 sq ft in Panacea. New metal roof, new vinyl siding, and a complete interior gut including new walls, plumbing, electrical, windows, doors, and HVAC. Only the original shell remains—everything else is new. The kitchen features new cabinets, countertops, and appliances including a dishwasher and garbage disposal, plus a convenient laundry room and pantry just off the kitchen. Move-in ready and ideal as a full-time residence, second home, or investment property in a quiet coastal golf cart community where all the restaurants and stores are just a short golf cart ride away, with easy access to fishing, boating, and the natural beauty of Florida’s Forgotten Coast.

62 days
193
10

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Pantry, Utility Room

Primary bedroom

Dimensions: 13x11

Bedroom 2

Dimensions: 13x11

Bedroom 3

Dimensions: 11x9

Dining room

Dimensions: 10x7

Family room

Dimensions: -

Kitchen

Dimensions: 12x10

Living room

Dimensions: 24x17

Other

Dimensions: 9x5

Heating

Central

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Oven, Range, Refrigerator, Washer

Features

Pantry
Flooring: Plank, Vinyl
Has fireplace: No

Interior area

Total structure area: 1,196
Total interior livable area: 1,196 sqft

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Patio
Fencing: Partial
View description: None

Lot

Size: 7,840 Square Feet
Dimensions: 75 x 100 x 75 x 100

Details

Parcel number: 12129235S02W05602821000
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: One Story,Traditional
Property subtype: Single Family Residence

Materials

Brick, Vinyl Siding

Condition

Year built: 1972

Community & HOA

Community

Subdivision: Joseph Lee Estates

HOA

Has HOA: Yes
Services included: Trash

Location

Region: Panacea

Financial & listing details

Price per square foot: $209/sqft
Tax assessed value: $53,082
Annual tax amount: $1,156
Date on market: 8/19/2026
Cumulative days on market: 63 days
Listing terms: Conventional,FHA,USDA Loan,VA Loan
Road surface type: Paved

Estimated market value

$237,900

$226,000 - $250,000

$1,854/mo

Price history

Date	Event	Price
9/29/2026	Price change	$249,900-10.7%$209/sqft
Source: TBR #403904 Report a problem
8/19/2026	Listed for sale	$279,900+448.8%$234/sqft
Source: TBR #403904 Report a problem
1/28/2026	Sold	$51,000$43/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,179 +9.2%	$52,307 +10.6%
2024	$1,080 -0.1%	$47,298 +0.3%
2023	$1,081 +10.3%	$47,146 +4.1%
2022	$980 +91.2%	$45,280 +23.8%
2021	$512 +13%	$36,589 +1.4%
2020	$453	$36,084 +2.3%
2019	$453 +53.7%	$35,273 +1.9%
2018	$295	$34,615 +2.1%
2017	$295	$33,903 +2.1%
2016	$295 +6.9%	$33,206 +0.7%
2015	$276	$32,975 +0.8%
2014	$276	$32,713 -9.7%
2013	--	$36,244 -6%
2012	--	$38,572 -1.2%
2011	--	$39,044
2010	--	$39,044 -1.6%
2009	--	$39,672 +0.1%
2008	--	$39,634 -1.4%
2007	--	$40,195 -0.5%
2006	--	$40,385 +3%
2005	--	$39,209 +15.4%
2004	--	$33,991 -0.3%
2003	--	$34,092 +0.3%
2002	--	$34,001 -1.2%
2001	--	$34,431 +30.3%
2000	--	$26,420