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About This Home

This 5-bedroom, 5-bathroom residential multi family at 6722 S Lagoon Drive in Panama City, FL is listed for $1,185,000 ($436 per sqft). Built in 1981, the home offers 2,720 sqft of living space on a 0.25 acres lot.

Agent Description

Welcome to S Lagoon waterfront living, where investment potential, lifestyle, and flexibility come together in one beautifully updated 3-in-1 property, Pontoon conveys. Positioned directly on the water with two boat slips and a boat lift, this rare opportunity is ideal for boating enthusiasts, short-term or long-term rental income, multi-generational living, the ultimate house hacking.

The main upstairs furnished dwelling features 3 bedrooms, 2.5 baths, and a spacious three-quarter wraparound balcony designed to capture breezes, water views, and the relaxed coastal lifestyle. The property has been completely updated and remodeled, offering peace of mind with all new modern interior design in 2020, Hardie board exterior in 2022, plus roof, windows, and doors updated in 2019.

This level offers wide open living with windows all the way around bring the outdoors in. Almost feel like you're walking on water. The open concept means whether in the living room, kitchen of dining, the lagoon is living breathing art. In addition to the main residence, there are two separate 1-bedroom units on the main level.

The waterfront apartment is fully furnished and features its own covered deck overlooking the lagoon, creating a charming retreat for guests, parents in their golden years, or rental income (short term, or long term). The second 1-bedroom unit is located street side, offering even more flexibility for extended family, tenants, or owner-occupant income potential.

Whether you envision a waterfront primary residence with income-producing units, a multi-generational coastal compound, or a smart investment property in a highly desirable location, this S Lagoon property delivers rare versatility, updated design, peace of mind of a renovation, and the boating lifestyle Florida is made of.

Key Features

  • Built in 1981
  • 0.25 acre lot
  • Waterfront

Property Details

4 full, 1 half
1981

Amenities

WaterfrontA/C

Monthly Cost Estimate

$6,338/mo

20% down · 6.5% · 30 years

Principal$857
Interest$5,135
Insurance$346

Estimates only. Actual payments may vary.

Location

6722 S Lagoon Drive

Panama City, FL 32408

Holiday Beach Unit 1

Features & Amenities

Exterior Features

BoatLiftBoatSlipBoatRampCoveredPatio

Property Details

Construction

HardiplankType

Pool Features

PatioDeck

Heating

Ductless (Heating)Central

Cooling

DuctlessCentral Air

Appliances

ElectricRange

Questions & Answers

This 5-bedroom, 5-bathroom residential multi family at 6722 S Lagoon Drive is listed at $1,185,000 ($436/sqft). The estimated monthly payment is $5,135 based on 20% down at 6.5% interest.

Key features include: Built in 1981, 0.25 acre lot, Waterfront. Exterior Features: BoatLift, BoatSlip, BoatRamp.

This property is listed by Heather Fox and can be reached at 8505415774 or Heather@BeachyBeach.com.

HF

Heather Fox

Agent at Beachy Beach Real Estate

(850) 541-5774

Listed by Beachy Beach Real Estate · View on Broker Site

MLS# 790039· Source: listhub· Updated 14 days ago

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

6722 S Lagoon Drive, Panama City, FL 32408

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