For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Lower Grand Lagoon 32408 Silver Sands
3942 Ocean View Drive
Photo of 3942 Ocean View Drive
Sold on Jun 25, 2026

44

Map

Photo of 3942 Ocean View Drive
Photo of 3942 Ocean View Drive
$429,000
● House - Off Market

3942 Ocean View Drive

Panama City, FL 32408
bedrooms
3 Beds
bathrooms
2 Baths
$2,451
Est. Monthly

About This Property

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS

GREAT NEW PRICE!!!    

Welcome to this amazing, turnkey 3/2 STR beach home just steps away from the beautiful beach.  This home has had a ton of upgrades and is rental ready for guests or as your new beach home.  

In the highly sought after Grand Lagoons area, this adorable home has it all with tone of upgrades and nice touches.  Just about a 3 minute walk to the beach - near great food, attractions and fun water activities nearby.

Don't miss this opportunity to get this great home at a great price.
Unit Size
-
Days on Market
67 days
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1984

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago ( #788571)

Price History

Date / Event Date Event Price
Jun 25, 2026 Sold
Premium
Sold
Apr 19, 2026 Listed by EXP Realty LLC $429,000
Listed by EXP Realty LLC
Jun 14, 2023 Sold
Premium
Sold
May 5, 2023 No longer available -
No longer available
Apr 28, 2023 Price Decreased $400,000
↓ $60K (13%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 3,963
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 380
  • Total Building Area: 1,254
  • Gross Building Area: 1,254
  • Building Area: 1,254
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,254
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER SANDS
  • Land Acres: 0000000091
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: SILVER SANDS UNIT 2 LOT 26 BLK F ORB 4699 P 769

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002605

Zoning

  • Zoning: BC15

Geography

  • Parcel: 30196-642-000
  • Block: F
  • Lot: 26
  • Meridian: SEC 06 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1632
  • Longitude: -85.7803

    Address

  • Full Address: 3942 Ocean View Dr
  • Legal Unit: 2
  • Address - House Number: 3942
  • Address - Street Name: Ocean View
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C089
  • 4-Digit Zip Code: 5368
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 1,327
  • Tax Year: 2023
  • Tax Amount: $280,167
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.0983
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 90
  • Final Value: 487,099
  • High Value: 535,013
  • Low Value: 439,185

    Market Valuation

  • Market Total Value: $237,273
  • Market Land Value: $94,251
  • Market Improvement Value: $143,022

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,088

    Sales

  • Current Sale Contract Date: Jun 12, 2023
  • Current Sale Recording Date: Jun 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 36922
  • Previous Sale Recording Date: Mar 11, 2019
  • Previous Sale Contract Date: Mar 05, 2019
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Silver Sands

Stats & Trends

Median Asking:

$444,500

Sale Price/ft²

$340

Below Asking

0.01%

Average Days on Market

157

Average Home Size

1628 ft²

Average Home Age

36.9 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 9860 S South Thomas Drive, Panama City, FL, 32408

$2,500 /mo

  • 3 Beds
  • 2 Baths
9860 S South Thomas Drive #711, Panama City, FL, 32408 Listing by Courtney C Simonds

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 3942 Ocean View Drive built and last sold?
The property at 3942 Ocean View Drive was built in 1984 and last sold on Jun 12, 2023 for $400,000.
How much is this home worth?
The estimated value of the home located at 3942 Ocean View Drive is $433,290.
What are some comparable homes to 3942 Ocean View Drive?
There are currently no comparable homes to 3942 Ocean View Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Lower Grand Lagoon Homes for Sale
Lower Grand Lagoon Houses for Sale
Lower Grand Lagoon Condos for Sale
Lower Grand Lagoon Townhouses for Sale
Lower Grand Lagoon Multifamily for Sale
Lower Grand Lagoon Land for Sale
Lower Grand Lagoon Commercial for Sale
Lower Grand Lagoon Homes with Basements
Nearby Cities
Upper Grand Lagoon Homes for Sale
Pretty Bayou Homes for Sale
Nearby Property Records
Bay County, FL Property Records
Washington County, FL Property Records
Gulf County, FL Property Records
Calhoun County, FL Property Records
Walton County, FL Property Records
Holmes County, FL Property Records
Jackson County, FL Property Records
Liberty County, FL Property Records
Neighborhoods
Bunkers Cove Real Estate
Holiday Beach Real Estate
Bay Point Real Estate
The Glades Real Estate
Biltmore Beach Real Estate
Treasure Island Section One Real Estate
Open Sands Real Estate
Bid-a-wee Beach Real Estate
Nearby Counties
Panama City Beaches Homes for Sale
Top Real Estate Agents
Top Agents in Silver Sands
Top Agents in Lower Grand Lagoon
Top Agents in Panama City Beaches
Top Agents in 32408
Top Agents in 32407
Top Agents in Upper Grand Lagoon
Top Agents in 32405
Top Agents in 32401