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7931 S Lagoon Drive #A & B, Panama City, FL 32408

Panama City
Local realty services provided by:CENTURY 21 First Story Real Estate
7931 S Lagoon Drive #A & B,Panama City, FL 32408
$335,000
  • 4 Beds
  • 3 Baths
  • 1,860 sq. ft.
  • Multi-family
  • Active
Listed by: barbara a wade
Office: beachy beach real estate
MLS#:791135
Source:FL_BCMLS

Price summary

  • Price:$335,000
  • Price per sq. ft.:$180.11

About this home

INVESTOR OPPORTUNITY IN THE HEART OF SOUTH LAGOON! Positioned between the Gulf of Mexico and Grand Lagoon, this duplex offers an exceptional opportunity to renovate, reposition, and maximize income potential in one of Panama City Beach's most sought-after areas. Featuring two units with a combined 4 bedrooms, 3 bathrooms, (2/2 & 2/1) and approximately 1,868 square feet, this property is ideally located near beaches, marinas, Rick Selzer Park, boat ramp, restaurants, entertainment venues, and all that the South Lagoon area has to offer. Whether your vision is long-term rentals, seasonal occupancy, or a personal beach retreat with income-producing potential, the possibilities are abundant. The roof was replaced approximately five years ago, providing a valuable head start for future improvements. The property is being offered at appraised value that was determined by an appraiser in May 2026. The appraisal considered both the property's current condition and contractor estimate for...

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Home facts

  • Year built:1975
  • Listing ID #:791135
  • Added:8 day(s) ago
  • Updated:June 19, 2026 at 02:28 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:4
  • Kitchen Description:Electric Cook Top, Electric Oven, Electric Water Heater
  • Living area:1,860 sq. ft.

Heating and cooling

  • Cooling:CentralAir, MultiUnits
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1975
  • Building area:1,860 sq. ft.
  • Lot area:0.11 Acres
  • Architectural Style:Duplex
  • Construction Materials:Block
  • Levels:1 Story

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:Patronis

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$335,000
  • Price per sq. ft.:$180.11
  • Tax amount:$2,670 (2025)

Features and amenities

  • Amenities:ElectricCooktop, ElectricOven, ElectricWaterHeater

Parking

  • Parking description:Parking Lot, Unpaved
The information being provided by Central Panhandle Association Of REALTORS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Central Panhandle Association Of REALTORS®. CENTURY 21 First Story Real Estate is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 First Story Real Estate, a broker participant of Central Panhandle Association Of REALTORS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Central Panhandle Association Of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Central Panhandle Association Of REALTORS®. All rights reserved. FL_BCMLS Member Broker: Debbie Kirkand

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