Welcome to 367 Mashes Sands Road, a rare waterfront retreat on beautiful Ochlockonee Bay offering truly million-dollar views. Framed by mature live oaks and stunning natural surroundings, this property features a private dock extending over 500 feet into the water—perfect for boating, fishing, or simply soaking in the serene coastal setting. Inside, the home offers 3 bedrooms and 3 full baths, with a light-filled great room designed to capture panoramic bay views. Expansive windows invite natural light to pour in, creating a bright and airy atmosphere throughout. The oversized sunroom spans the back of the home, lined with windows that showcase breathtaking sunsets and endless water views year-round. Enjoy the convenience of being within walking distance to Angelo’s Seafood Restaurant and Tropical Trader Shrimp Co., or take a quick golf cart ride to explore the area. A nearby public boat ramp makes getting out on the water effortless. Major updates provide peace of mind, including a 2020 roof, HVAC systems replaced in 2024 and 2012, and two new water heaters installed in 2025 and 2022. Whether you’re looking for a full-time residence, vacation getaway, or investment opportunity, this exceptional bayfront property delivers coastal living at its finest.
For sale
Price cut: $15.1K (4/29)
$499,900
367 Mashes Sands Rd, Panacea, FL 32346
3beds
2,028sqft
Est.: Get pre-qualified
Single Family Residence
Built in 1955
0.51 Acres Lot
$473,000 Zestimate®
$246/sqft
$-- HOA
What's special
Million-dollar views
- 98 days |
- 2,346 |
- 158 |
Zillow last checked:
Listing updated:
Listed by:
Charlotte M Brown 850-508-8022,
Bluewater Realty Group
Source: TBR,MLS#: 396341
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Sunroom, Utility Room
Primary bedroom
- Dimensions: 19x11
Bedroom 2
- Dimensions: 12x12
Bedroom 3
- Dimensions: 9x11
Dining room
- Dimensions: 18x11
Family room
- Dimensions: 0x0
Kitchen
- Dimensions: 10x8
Living room
- Dimensions: 18x16
Other
- Dimensions: 34x10
Heating
- Central, Electric, Fireplace(s), Heat Pump
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Stove, Washer
Features
- Tray Ceiling(s), Stall Shower, Vaulted Ceiling(s), Split Bedrooms, Sun Room
- Flooring: Plank, Tile, Vinyl
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 2,028
- Total interior livable area: 2,028 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport, One Space, Two Spaces, Gated
- Carport spaces: 1
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: Fully Fenced
- Fencing: Fenced
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: Bay Access
Lot
- Size: 0.51 Acres
Details
- Parcel number: 12129076S01W02604665000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,One Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
Condition
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Sidewalks
- Security: Security System Owned
- Subdivision: Ochlocknee Shores
Location
- Region: Panacea
Financial & listing details
- Price per square foot: $246/sqft
- Tax assessed value: $334,490
- Annual tax amount: $2,524
- Date on market: 2/19/2026
- Cumulative days on market: 98 days
- Listing terms: Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Paved
Estimated market value
$473,000
$449,000 - $497,000
$2,731/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Price change | $499,900-2.9%$246/sqft |
Source:  TBR #396341 Report a problem | ||
| 4/2/2026 | Price change | $515,000-1.9%$254/sqft |
Source: TBR #396341 Report a problem | ||
| 3/5/2026 | Price change | $524,900-4.5%$259/sqft |
Source: TBR #396341 Report a problem | ||
| 2/19/2026 | Listed for sale | $549,900+3.8%$271/sqft |
Source: TBR #396341 Report a problem | ||
| 9/16/2025 | Listing removed | $529,900$261/sqft |
Source: TBR #382528 Report a problem | ||
| 6/17/2025 | Listed for sale | $529,900$261/sqft |
Source: TBR #382528 Report a problem | ||
| 5/28/2025 | Contingent | $529,900$261/sqft |
Source: TBR #382528 Report a problem | ||
| 4/22/2025 | Price change | $529,900-5.2%$261/sqft |
Source: TBR #382528 Report a problem | ||
| 4/3/2025 | Price change | $559,000-3.6%$276/sqft |
Source: TBR #382528 Report a problem | ||
| 3/11/2025 | Price change | $579,900-7.2%$286/sqft |
Source: TBR #382528 Report a problem | ||
| 2/27/2025 | Listed for sale | $624,900+269.8%$308/sqft |
Source: TBR #382528 Report a problem | ||
| 6/1/1998 | Sold | $169,000$83/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,524 +2.7% | $195,901 +3% |
| 2023 | $2,458 +4.6% | $190,195 +3% |
| 2022 | $2,350 +2.8% | $184,655 +4.4% |
| 2021 | $2,286 +4.3% | $176,954 +1.4% |
| 2020 | $2,192 | $174,511 +2.3% |
| 2019 | $2,192 +3% | $170,587 +1.9% |
| 2018 | $2,129 | $167,406 +2.1% |
| 2017 | $2,129 | $163,963 +2.1% |
| 2016 | $2,129 -6.5% | $160,591 +0.5% |
| 2015 | $2,276 | $159,853 +0.8% |
| 2014 | $2,276 | $158,584 -0.2% |
| 2013 | -- | $158,872 +1.7% |
| 2012 | -- | $156,216 +3% |
| 2011 | -- | $151,666 +1.5% |
| 2010 | -- | $149,425 +2.7% |
| 2009 | -- | $145,497 +0.3% |
| 2008 | -- | $145,112 +2.5% |
| 2007 | -- | $141,572 +3% |
| 2006 | -- | $137,449 +3% |
| 2005 | -- | $133,446 +3% |
| 2004 | -- | $129,559 +1.9% |
| 2003 | -- | $127,143 +2.4% |
| 2002 | -- | $124,163 +1.6% |
| 2001 | -- | $122,208 +3% |
| 2000 | -- | $118,649 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 32346
Nearby schools
GreatSchools rating
- 8/10Medart Elementary SchoolGrades: PK-5Distance: 7.5 mi
- 6/10Wakulla Middle SchoolGrades: 6-8Distance: 10.6 mi
- 5/10Wakulla High SchoolGrades: PK,9-12Distance: 9.2 mi
Schools provided by the listing agent
- Elementary: MEDART
- Middle: WAKULLA
- High: WAKULLA
Source: TBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Wakulla County
- Panacea
- 32346
- 367 Mashes Sands Rd
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