Florida
Panama City
3923 Ocean View Drive

$475,000

3923 Ocean View Drive, Panama City, FL 32408

3 beds |
2 baths |
2,462 sqft

Single-Family Home
Built in 1975
6,970sqft lot
1 car garage
$193/sqft
Listed 10 months ago

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!

Listing Status:: Active
Date Added:: July 17, 2024 at 05:00AM
Listing Office:: Seltzer Real Estate, LLC : (850) 235-0578
MLS ID:: 760055

General: High CeilingsVaulted Ceiling(s)
Appliances: Electric CooktopElectric OvenElectric Water HeaterMicrowaveRefrigerator
A/C: Central AirElectric
Heating: CentralElectric

This listing courtesy of Seltzer Real Estate, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Patronis Elementary School

7400 Patronis Dr, Panama City, FL, 32408

Grades KG-5

1.06 miles away

Surfside Middle School

300 Nautilus St, Panama City Beach, FL, 32413

Grades 6-8

5.40 miles away

J.R. Arnold High School

550 N Alf Coleman Rd, Panama City Beach, FL, 32407

Grades 9-12

3.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.