# 7931 S Lagoon Drive, Panama City, FL 32408

> **TL;DR:** 4bd/3ba residential multi family, $335,000 ($180/sqft), built 1975, 1,860 sqft.
> A/C. Est. $1,452/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $335,000 |
| Price/sqft | $180 |
| Bedrooms | 4 |
| Bathrooms | 3 full |
| Square Feet | 1,860 |
| Year Built | 1975 |
| Lot Size | 4,792 sqft (0.11 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,452 |
| **Total** | **$1,452** |

## Nearby Schools

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

## Key Amenities

- A/C

## Property Highlights

- Built in 1975
- 0.11 acre lot

## Description

### Agent Description
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, 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 needed repairs. For investors, builders, and buyers seeking a project in a prime location, opportunities like this are becoming increasingly difficult to find. Bring your vision and unlock the potential of this well-located duplex just minutes from the beach, boating, dining, and entertainment. Appraisal and repair-related information available upon request.

## Location

- **Address:** 7931 S Lagoon Drive, Panama City, FL 32408
- **County:** Bay
- **Neighborhood:** Silver Sands Beach
- **Coordinates:** 30.163313, -85.77899
- **Google Maps:** https://www.google.com/maps?q=30.163313,-85.77899

## Listing Agent

- **Name:** Barbara A Wade
- **Brokerage:** Beachy Beach Real Estate
- **Phone:** 5059039061
- **Email:** barbwade@beachybeach.com

## Primary Photo

![7931 S Lagoon Drive - Primary Photo](http://lh.rdcpix.com/4f76900f344d24c7df4cb4ea02a332e1l-f2120080172r.jpg)

*57 total photos available on [listing page](https://www.propertysimple.com/listing/7931-s-lagoon-drive-panama-city-fl-32408-l791135)*

---

**MLS#:** 791135 | **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/7931-s-lagoon-drive-panama-city-fl-32408-l791135)

---

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