This 3 bedroom, 2 bath Deerpoint Waterfront Home located on a

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Home Sale Pending

3940 Deerpoint Lake Dr

Panama City, Florida 32409

Bay County

Waterfront: Yes

Community: No med Subdivision

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$349,000 3 br, 2.0 bath 2462 sq. ft. 0.750 acres

This 3 bedroom, 2 bath Deerpoint Waterfront Home located on a quiet Cove of Deerpoint Lake is a cozy retreat from City Life. This 3/4 acre property has a large air-conditioned workroom area, a separate storage, OR garage building, and a Boathouse as well. The kitchen is a larger, open kitchen with a nook. The living and dining are separate. The family room area has a vaulted ceiling with exposed beams, and a fireplace. The master bathroom is newly updated. The bonus room is currently being renovated, so buyers can finish to their liking and preference! This home can definitely be an AS Is home, or a fixer upper. The home has a new roof Post Hurricane Michael, and is in a floodzone of X.

Interior:
  • Bedrooms: 3
  • Baths: 2.0
  • Sq Ft: 2462
  • Year Built: 1983
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: Electric (Heating), Central
  • Garage: 
Exterior:
  • Lot Size: 0.750 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: Lake
  • Yard: 
  • Siding: WoodFrame
  • Roof: Composition, Shingle
  • Property Taxes: $3,820
  • MLS #: 786113
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Contact Information:
Beach Home Sale Pending in Panama City, Florida
Listing Agent: Terra R Sasser, Coldwell Banker Realty, 850-532-0992, 850-234-6696 Listing Site, Listing Status: Pending
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7341564
Viewed 31 times.
Updated: Mar 13, 2026

This property is a Home located at 3940 Deerpoint Lake Dr, Panama City, Florida 32409, and is currently Sale Pending at $349,000. This Home has 3 bedrooms, 2.0 baths, 2462 sq ft.