# 6722 S Lagoon Drive, Panama City, FL 32408

> **TL;DR:** 5bd/5ba residential multi family, $1,185,000 ($436/sqft), built 1981, 2,720 sqft.
> Waterfront, A/C. Est. $5,135/mo. Listed 14 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,185,000 |
| Price/sqft | $436 |
| Bedrooms | 5 |
| Bathrooms | 4 full, 1 half |
| Square Feet | 2,720 |
| Year Built | 1981 |
| Lot Size | 10,890 sqft (0.25 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 14 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,135 |
| **Total** | **$5,135** |

## Nearby Schools

- **Elementary:** Patronis
- **Middle:** Surfside
- **High:** Arnold

## Key Amenities

- Waterfront
- A/C

## Property Highlights

- Built in 1981
- 0.25 acre lot
- Waterfront

## Description

### 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.

## Location

- **Address:** 6722 S Lagoon Drive, Panama City, FL 32408
- **County:** Bay
- **Neighborhood:** Holiday Beach Unit 1
- **Coordinates:** 30.157402, -85.767243
- **Google Maps:** https://www.google.com/maps?q=30.157402,-85.767243

## Listing Agent

- **Name:** Heather Fox
- **Brokerage:** Beachy Beach Real Estate
- **Phone:** 8505415774
- **Email:** Heather@BeachyBeach.com

## Primary Photo

![6722 S Lagoon Drive - Primary Photo](http://lh.rdcpix.com/da1ad492d6e1182e8a6798ab88b1e2b4l-f1116047631r.jpg)

*100 total photos available on [listing page](https://www.propertysimple.com/listing/6722-s-lagoon-drive-panama-city-fl-32408-l790039)*

---

**MLS#:** 790039 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/6722-s-lagoon-drive-panama-city-fl-32408-l790039)

---

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