5 Beds
4 Baths
2,625 sqft
$1,299,123
8120 S Lagoon Drive, Panama City FL, 32408
Price per sqft$494.90
Built in1983
Property size2,625 sqft
Property typeResidential
Overview
Active
Listed Apr 29, 2026
Updated 4 weeks ago
Experience 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. The owner is in the process of replacing all the glass in all the slider doors in the home so that it will be a crisp, clear view of the lagoon!
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
$8,643/mo
Est. mortgage payment based on a $1,299,123 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 789058
Interior Features
- Bedrooms
- 5
- Bathrooms
- 4
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.21 Acres
Other Property Details
- Taxes
- $10,731
- Tax Frequency
- Annually
- View
- Yes
- Pool
- Yes
- Waterfront
- Yes
Courtesy of Coldwell Banker Realty, Courtney Pantalena,
Listing Contact: 850-738-4881
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Silvera Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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