8120 Lagoon Drive, Panama City, FL 32408
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Priced at Only: $1,475,000
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Address: 8120 Lagoon Drive, Panama City, FL 32408
Property Location and Similar Properties
- MLS#: 789058 ( Residential )
- Street Address: 8120 Lagoon Drive
- Viewed: 26
- Price: $1,475,000
- Price sqft: $562
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Lagoon
- Year Built: 1983
- Bldg sqft: 2625
- Bedrooms: 5
- Total Baths: 4
- Full Baths: 4
- Days On Market: 13
- Additional Information
- Geolocation: 30.1651 / -85.7803
- County: BAY
- City: Panama City
- Zipcode: 32408
- Subdivision: Silver Sands Unit 1
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
- Provided by: Coldwell Banker Realty
- DMCA Notice
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DescriptionExperience the ultimate waterfront lifestyle with this fully remodeled coastal retreat on Grand Lagoon! Ideally positioned just minutes from the Gulf, this exceptional property offers a rare combination of modern luxury, double boat slip deep water access, and outstanding short term rental potential, all with no HOA restrictions. Thoughtfully renovated from top to bottom, the home features 5 bedrooms and 4 full bathrooms, including a spacious converted garage that serves as a private fifth bedroom with its own en suite full bath. This flexible space can also function as a game or hobby room, making it ideal for maximizing rental occupancy and guest experience. The layout is well designed with two bedrooms on the first floor and the primary suite plus two additional bedrooms on the second level. Upon entering, the bright, contemporary design showcases fresh paint, updated lighting, and stylish fixtures throughout. New flooring flows seamlessly across the home with no carpet, creating a clean and low maintenance environment ideal for both full time living and high traffic use. The fully redesigned kitchen is a standout, featuring white cabinetry, sleek countertops, and brand new appliances that offer both style and functionality. Two of the three upstairs bedrooms feature private balconies with water views. Plus the primary bath has a jacuzzi tub and separate shower. Outdoors is resort style living at its finest! The backyard is built for entertaining, complete with a gunite pool, relaxing spa, and multiple levels of newer Trex composite decking all with lagoon views. For the boating and water enthusiasts, this property is exceptionally well equipped with deep water frontage and an incredible covered dock! One side features a 40' x 20' roof over a 24,000 lb boat lift that can accommodate approximately a 35' boat. The second dock includes a 16' x 24' roof over a 12,000 lb lift suited for up to 21'. Two jet ski float pads provide additional convenience and storage. This convenient location provides easy access to St. Andrews Bay, Shell Island, and the Gulf. Additionally, the home has already been connected to city sewer, which is both expensive and rare in the lagoon area. Situated on a quiet stretch of South Lagoon Drive and only a few blocks from the area's renowned beaches, Rick Seltzer Park, and multiple dining options, this property is ideally positioned to capitalize on Panama City Beach's strong vacation rental demand. Whether utilized as a primary residence, second home, or income producing investment, this turnkey waterfront property delivers exceptional versatility and value. Schedule your showing today. A walk through video is available
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Apply NowFeatures
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: BoatLift, Dock
- Fencing: Privacy
- Living Area: 0.00
- Roof: Metal
Land Information
- Lot Features: Paved
School Information
- High School: Arnold
- Middle School: Surfside
- School Elementary: Patronis
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Pool Features: InGround, Private
Utilities
- Carport Spaces: 0.00
- Cooling: CentralAir
- Heating: Central
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Tax Year: 2025
- Trash Expense: 0.00
Other Features
- Appliances: ElectricOven
- Legal Description: SILVER SANDS UNIT 1 LOT 14 BLK D ORB 4600 P 2086
- Area Major: 03 - Bay County - Beach
- Occupant Type: Vacant
- Parcel Number: 30196-073-000
- Style: Contemporary
- The Range: 0.00
- View: Lagoon
- Views: 26
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- Marian Casteel, BrkrAssc,REALTOR ®
- Tropic Shores Realty
- CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
- Mobile: 352.601.6367
- 352.601.6367
- mariancasteel@yahoo.com

