Keller Williams Success Realty - Sabina Balch
1/39
Listing Courtesy Of: Seltzer Real Estate, LLC, Zack Seltzer
Local Realty Services Provided By: Keller Williams Emerald Coast Realty
Overview
What It'll Cost
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$498,000
3923 Ocean View Drive, Panama City, FL 32408
3 Beds
2 Baths
2,462 sq ft
.16 ac
$498,000

3923 Ocean View Drive, Panama City, FL 32408

Estimation provided by Keller Williams Realty Inc.
3 Beds
2 Baths
2,462 sq ft
.16 ac
Active
For Sale

Property Description

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!

Property Details

Compare This Home
Overview
Property Type
Detached
Property Size
2,462 sq ft
Year Built
1975
Days on Site
259 Days
HVAC
Central, Electric, Central Air
Parking
1 Parking Space
Sabina Balch at Keller Williams Success Realty
Keller Williams Success Realty
3561403

Activity History

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Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
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Purchase Price: $498,000
Principal + Interest
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Home Insurance
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This calculator is just an estimate. Contact Keller Williams for full and accurate assessment.

Price & Tax History

Date
Event
Price
02/05/2025
Price Decrease
$498,000
(-2.33%)
11/15/2024
Price Decrease
$509,900
(-2.86%)
08/08/2024
Price Decrease
$524,900
(-4.55%)
07/17/2024
Listed
$549,900
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$3,439
(+30.66%)
$298,247
Land 137,350 + Additions 160,897
2021
$2,632
(+8.25%)
$216,133
Land 76,014 + Additions 140,119
2020
$2,431
(+4.9%)
$196,583
Land 67,104 + Additions 129,479
2019
$2,318
(+3.89%)
$184,888
Land 54,487 + Additions 130,401
2018
$2,231
(+8.8%)
$175,046
Land 43,723 + Additions 131,323
2017
$2,051
$159,539
Land 27,295 + Additions 132,244
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
Sabina Balch at Keller Williams Success Realty
Keller Williams Success Realty
3561403

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