Smart city research envisions a future in which data-driven solutions and sustainable infrastructure work together to define urban living at the crossroads of urbanization and technology. Within this framework, smart parking systems play an important role in reducing urban congestion and supporting sustainable transportation. Automating parking solutions have considerable benefits, such as increased efficiency and less reliance on human involvement, but obstacles such as sensor limitations and integration complications remain. To overcome them, a more sophisticated car allotment system is required, particularly in heavily populated urban areas. Computer vision, with its higher accuracy and adaptability, outperforms traditional sensor-based systems for recognizing vehicles and vacant parking spaces. Unlike fixed sensor technologies, computer vision can dynamically assess a wide range of visual inputs while adjusting to changing parking layouts. This research presents a cost-effective, easy-to-implement smart parking system utilizing computer vision and object detection models like YOLOv8. Using inverse perspective mapping (IPM) to merge images from four camera views, we extract data on vacant spaces. The system simulates a 3D parking environment, representing available spots with a 3D Cartesian plot to guide users.