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$225,000
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Property Description
Newly renovated, move-in ready, and priced at just $225,000! Welcome to 3938 Peters Drive in Panama City, Florida! This beautifully refreshed 3-bedroom, 2-bathroom home offers 1,399 square feet of living space, a durable metal roof, and an additional 228-square-foot enclosed Florida room, providing extra flexibility and room to spread out. Step inside to discover new LVP flooring, fresh interior paint, and new appliances that give the home a clean, updated feel. The renovations make this property an appealing option for buyers looking for a move-in-ready home without the hassle of taking on major cosmetic updates. Outside, you'll find a large, fully fenced backyard with plenty of room for pets, gardening, outdoor entertaining, or simply enjoying the Florida sunshine. Situated in the desirable 32405 zip code, this turn-key property places you just minutes from local shopping, dining, top schools, Tyndall Air Force Base, and the pristine white sand beaches of the Emerald Coast. Whether you're a first-time homebuyer, looking to downsize, or searching for an investment property in Panama City, this renovated home offers an attractive combination of updates, functional space, and affordability. Updated 3-bedroom homes in Panama City with a fenced backyard and additional enclosed bonus space deserve a closer look, especially at $225,000! Schedule your private showing today and discover everything 3938 Peters Drive has to offer!
Full Property Details
Full Property Details for 3938 Peters Dr
General
- Price: $225,000
- Taxes: $2,746 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 796725
- Updated: 10/19/2026
- Added to Site: 13 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Main Level Primary
- Appliances: Electric Oven, Electric Range, Electric Water Heater
- Flooring: Plank, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: Circular Driveway
Location
- County: Bay
- Subdivision: College Point Harris Add
- Driving Directions: From US-231, head west on 23rd Street toward Panama City. Turn onto Frankford Avenue, then continue toward W 21st Street and Peters Drive. Turn onto Peters Drive and proceed to 3938 Peters Drive.
School Information
- Elementary School: Lucille Moore
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Contemporary
- Construction: Brick
- Roof: Metal
- Sq. Ft. Source: Appraiser
- Year Built: 1974
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Size: .24
- Lot Dimensions: 70.0 ft x 150.0 ft
- Frontage: City Street
- Fencing (Description): Chain Link, Fenced
Financial Considerations
- Tax Amount: $2,746.85
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: COLLEGE VILLAGE UNIT # 1 LOT 19 BLK B ORB 1639 P 559 ORB 4414 P 1791
- Property ID: 27997-228-000
Listed by EXP Realty LLC
Get Pre-Approved Today
Schools
Schools serving 3938 Peters Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Lucille Moore Elementary School 1900 Michigan Avenue, Panama City, FL 32405 | PK-5 | 0.4 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 2.9 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 3.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3938 Peters Dr
Date
Details
Price
Change
Source
10/19/2026
Listed
$225,000
57.34%
MLS
5/25/2021
Sold
$143,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3938 Peters Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,564
—
$154,925
8%
2024
$2,564
5%
$144,027
9%
2023
$2,438
317%
$131,662
72%
2021
$584
-72%
$76,506
-35%
2022
$2,078
256%
$118,499
57%
2021
$584
99%
$75,450
1%
2019
$294
-11%
$74,759
-6%
2018
$332
-1%
$79,634
2%
2017
$334
-3%
$77,996
—
2016
$343
-8%
$78,297
-1%
2015
$371
-1%
$79,017
-1%
2014
$376
4%
$79,906
2%
2013
$361
—
$78,725
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3938 Peters Dr
3938 Peters Drive, Panama City, FL 32405 (MLS# 796725) is a Single Family property with 3 bedrooms and 2 full bathrooms. 3938 Peters Drive is currently listed for $225,000 and was received on October 19, 2026. Want to learn more about 3938 Peters 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.

