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$375,000
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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!
Full Property Details
Full Property Details for 3923 Ocean View Dr
General
- Sold For: $375,000
- Taxes: $3,439 (2023)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 760055
- Added to Site: 549 day(s) ago
Interior
- Number of Rooms: 4
- Interior Features: Interior Steps
- Appliances: Electric Cooktop, Electric Oven, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Pool Description: Other, See Remarks
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Garage, Garage Door Opener
Location
- County: Bay
- Subdivision: Silver Sands Unit 2
- Driving Directions: Heading west on Front Beach Road, turn left onto Joan Ave. Turn left onto Thomas Drive. Then turn left onto silver sands road. Turn right onto beach drive. Then turn left onto Ocean View Drive.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Utility Description: Electricity Available, High Speed Internet Available, Sewer Available
Structural Information
- Architectural Style: Contemporary
- Construction: Brick
- Stories/Levels: 2
- Sq. Ft. Source: Appraiser
- Year Built: 1975
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,926
- Lot Size: .16
- Lot Dimensions: 50 x 139
- Lot Features: Paved
- Zoning: Resid Single Family
Financial Considerations
- Tax Amount: $3,439
- Tax Year: 2023
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: SILVER SANDS UNIT 2 LOT 5 BLK G ORB 442 P 9
- Property ID: 30196-710-000
Listed by Seltzer Real Estate, LLC
Sold by Hitchcock Real Estate LLC
Get Pre-Approved Today
Schools
Schools serving 3923 Ocean View Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 1.1 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 5.4 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3923 Ocean View Dr
Date
Details
Price
Change
Source
8/08/2025
Sold
$375,000
-11.76%
MLS
6/24/2025
Price Reduced
$425,000
-10.53%
MLS
4/30/2025
Price Reduced
$475,000
-4.62%
MLS
2/05/2025
Price Reduced
$498,000
-2.33%
MLS
11/15/2024
Price Reduced
$509,900
-2.86%
MLS
8/08/2024
Price Reduced
$524,900
-4.55%
MLS
7/17/2024
Listed
$549,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3923 Ocean View Drive, Panama City, FL 32408 (MLS# 760055) is a Single Family property that was sold at $375,000 on August 08, 2025. Want to learn more about 3923 Ocean View Drive? Do you have questions about finding other Single Family real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

