Welcome to an incredible investment opportunity at 3923 Ocean View Drive, Panama City Beach, nestled in the highly sought-after South Lagoon area. This property is a versatile gem for investors, offering options to renovate and rent, replace the existing structure with a duplex, or create the perfect home.
Just a short walk from the beach, you'll have easy access to Rick Seltzer Park and Beach Access 16. For water enthusiasts, it's only minutes away from a convenient boat launch into the lagoon. The road benefits from city sewer, making it an excellent candidate for redevelopment. The spacious lot stretches from Ocean View Drive to Beach Drive, providing plenty of room for various development projects.
Currently zoned R1, the property is surrounded by multi-family zoning and can be easily rezoned, offering significant flexibility for future use. The existing structure is a 3-bedroom, 2-bathroom home with second floor balcony that lets in plenty of natural light, making it ideal for immediate rental income.
Don't miss this fantastic opportunity to invest in one of Panama City Beach's most desired areas. Whether you envision a rental property, a duplex, or a stunning personal residence, 3923 Ocean View Drive is ready for your vision. Contact us today to learn more and schedule a viewing!
Sold for $375,000
$375,000
3923 Ocean View Dr, Panama City Beach, FL 32408
3beds
2,462sqft
Single Family Residence
Built in 1975
6,969 Square Feet Lot
$571,300 Zestimate®
$152/sqft
$3,728 Estimated rent
Home value
$571,300
$457,000 - $708,000
$3,728/mo
Zestimate® history
Owner options
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$2,472/mo
Est. payment
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$2,472/mo
Est. payment
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List your homeWhat's special
Spacious lotNatural lightSecond-floor balcony
Zillow last checked:
Listing updated:
Listed by:
Zack Seltzer 850-235-0578,
Seltzer Real Estate, LLC
Bought with:
Brenton Hitchcock
Hitchcock Real Estate LLC
Source: CPAR,MLS#: 760055
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Full Bath, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 29 x 14
Bedroom
- Level: Second
- Dimensions: 8 x 14
Bedroom
- Level: Second
- Dimensions: 9 x 14
Other
- Level: First
- Dimensions: 10 x 9
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Electric Oven, Electric Water Heater
Features
- Interior Steps
Interior area
- Total structure area: 2,462
- Total interior livable area: 2,462 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage, Garage Door Opener
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony
- Pool features: Other, See Remarks
Lot
- Size: 6,969 Square Feet
- Dimensions: 50 x 139
- Features: Paved
Details
- Parcel number: 30196710000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Brick, Wood Siding
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Utilities for property: Electricity Available, High Speed Internet Available, Sewer Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: Silver Sands Unit 2
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $152/sqft
- Tax assessed value: $303,924
- Annual tax amount: $3,439
- Date on market: 7/17/2024
- Cumulative days on market: 359 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2025 | Sold | $375,000-11.8%$152/sqft |
Source:  CPAR #760055 Report a problem | ||
| 7/15/2025 | Pending sale | $425,000$173/sqft |
Source: CPAR #760055 Report a problem | ||
| 7/14/2025 | Contingent | $425,000$173/sqft |
Source: CPAR #760055 Report a problem | ||
| 6/24/2025 | Price change | $425,000-10.5%$173/sqft |
Source: CPAR #760055 Report a problem | ||
| 4/30/2025 | Price change | $475,000-4.6%$193/sqft |
Source: CPAR #760055 Report a problem | ||
| 2/5/2025 | Price change | $498,000-2.3%$202/sqft |
Source: CPAR #760055 Report a problem | ||
| 11/15/2024 | Price change | $509,900-2.9%$207/sqft |
Source: CPAR #760055 Report a problem | ||
| 8/8/2024 | Price change | $524,900-4.5%$213/sqft |
Source: CPAR #760055 Report a problem | ||
| 7/17/2024 | Listed for sale | $549,900$223/sqft |
Source: CPAR #760055 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,583 +4.2% | $276,364 +10% |
| 2023 | $3,439 +28.2% | $251,240 +10% |
| 2022 | $2,682 | $228,400 |
| 2021 | -- | -- |
| 2020 | $2,431 +4.9% | $196,583 +6.3% |
| 2019 | $2,318 | $184,888 +5.6% |
| 2018 | $2,318 +3.9% | $175,046 +9.7% |
| 2017 | $2,231 +8.8% | $159,539 -0.1% |
| 2016 | $2,051 -4.7% | $159,688 -0.2% |
| 2015 | $2,151 | $159,940 -0.5% |
| 2014 | $2,151 | $160,759 -0.6% |
| 2013 | -- | $161,681 -0.8% |
| 2012 | -- | $162,968 -5.5% |
| 2011 | -- | $172,536 -4.5% |
| 2010 | -- | $180,732 -11.9% |
| 2009 | -- | $205,210 -2.1% |
| 2008 | -- | $209,585 -13.8% |
| 2007 | -- | $243,076 -16.5% |
| 2006 | -- | $291,016 +67.1% |
| 2005 | -- | $174,147 +52.8% |
| 2004 | -- | $113,934 +12% |
| 2003 | -- | $101,700 +7.8% |
| 2002 | -- | $94,360 |
| 2001 | -- | $94,360 +12.9% |
| 2000 | -- | $83,584 |
Find assessor info on the county website
Neighborhood: Lower Grand Lagoon
Nearby homes
- $336,0001 bd1 ba720 sqft3919 Ocean View Dr, Panama City Beach, FL 32408Sold
- $750,0004 bd3 ba1.8k sqft3919 Ocean View Dr #A, Panama City Beach, FL 32408Sold
- $329,6002 bd1 ba1.9k sqft3919 Ocean View Dr #B, Panama City Beach, FL 32408Off Market
- $310,0002 bd2 ba1.3k sqft3946 Ocean View Dr, Panama City Beach, FL 32408Off Market
- $222,1001 bd1 ba1k sqft7932 Beach Dr #A, Panama City Beach, FL 32408Off Market
- $116,8421 bd1 ba1k sqft7932 Beach Dr #B, Panama City Beach, FL 32408Off Market
- $228,600-- bd-- ba-- sqftOcean View Dr, Panama city beach, FL 32408Off Market
- $305,7002 bd2 ba1.1k sqft3938 Ocean View Dr, Panama City Beach, FL 32408Off Market
Nearby schools
GreatSchools rating
- 9/10Patronis Elementary SchoolGrades: K-5Distance: 1 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 5.4 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Patronis
- Middle: Surfside
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$571,300
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- Florida
- Bay County
- Panama City Beach
- 32408
- Lower Grand Lagoon
- 3923 Ocean View Dr
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