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!