3783 Payne Lake Rd, Chipley, FL, 32428
About This Home
Lakefront Living Meets Laid-Back Country Charm on Payne Lake Wake up to water views, towering oak trees, and the kind of peace you can't find in the city. This stunning lakefront retreat on Payne Lake sits on 1.45 private acres just outside Chipley, offering the perfect balance of quiet country living with easy access to Panama City, the Gulf Coast, and Tyndall Air Force Base. ✨ Why This Home Stands Out • Breathtaking Lake Views - Expansive windows throughout the main home flood the open floorplan with natural light and showcase serene water views. • Spacious & Inviting Interior - A modern kitchen anchors generous living and dining areas, ideal for entertaining or everyday comfort. • Outdoor Living Paradise - Step onto the large deck overlooking Payne Lake, shaded by mature oak trees—perfect for morning coffee, sunset dinners, or weekend gatherings. • Private In-Law Suite / Income Potential - A separate efficiency unit with its own entrance, kitchenette, and full bath offers flexibility for guests, multi-generational living, or rental income. • Room to Roam - Enjoy privacy, space for gardens, hobbies, boats, or future expansion—no HOA restrictions. Lake Life at Your Doorstep Kayak, paddleboard, fish, or simply enjoy the abundant wildlife right from your backyard. Payne Lake is a natural playground for outdoor enthusiasts and anyone craving a slower pace. Convenient Location • Panama City - ~48 miles (under an hour) • Panama City Beach - ~53 miles (about 1 hour) • Tyndall Air Force Base - ~61 miles (easy commuter distance) Perfect For • Buyers seeking peaceful lakefront living • Multi-generational households • Military buyers commuting to Tyndall AFB • Nature lovers who still want beach days within reach This is more than a home—it's a lifestyle. Quiet mornings, lake adventures, and room to truly breathe. Schedule your private showing and experience Payne Lake living for yourself.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1986
Materials
- Foundation: Slab
- Construction materials: Block,Metal Siding,Concrete
Type & Style
- Home type: SingleFamily
- Architectural style: Country
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Electric Range,Electric Water Heater
Bedroom
- Level: Second
- Dimensions: 15 x 12
Bedroom
- Level: Second
- Dimensions: 13 x 13
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Den
- Level: First
- Dimensions: 19 x 16
Features
- Interior Steps
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total structure area: 3,100
- Total interior livable area: 3,100 sqft
Kitchen
- Level: Second
- Dimensions: 10 x 10
Living Room
- Level: Second
- Dimensions: 13 x 11
Master Bedroom
- Level: Third
- Dimensions: 10 x 13
Property
Details
- Parcel number: 000000000033220003
- Zoning description: Resid Single Family
- Special condition: Listed As-Is
Features
- Patio & porch: Deck
- Exterior features: Deck
- Fencing: Chain Link
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Lake,Lake Front
- Frontage length: 100
Lot
- Lot size: 1.45 Acres
- Lot size dimensions: 175 x 470 x 406
Parking
- Total spaces: 3
- Parking features: Additional Parking,Garage,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- Strong Wind
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Washington County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,275 | $27,300 |
| Home Insurance * | $315 | $3,780 |
| Property Taxes | $294 | $3,528 |
| Electricity | $311 | $3,743 |
| Total | $3,195 | $38,340 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-17 | Price change | $450,000 |
| 2026-03-31 | Price change | $485,000 |
| 2026-01-30 | Price change | $489,000 |
| 2025-11-21 | Price change | $500,000 |
| 2025-10-24 | Price change | $530,000 |
| 2025-10-03 | Listed for sale | $540,000 |
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