224 E Lakeshore Drive, Panama City Beach, FL 32413

Local realty services provided by:Better Homes and Gardens Real Estate Historic
224 E Lakeshore Drive,Panama City Beach, FL 32413
$1,200,000
  • 3 Beds
  • 3 Baths
  • 2,344 sq. ft.
  • Single family
  • Active
Listed by: the sanchez group
Office: think real estate
MLS#:783112
Source:FL_BCMLS

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$511.95

About this home

Prime development opportunity in the heart of Laguna Beach! Located just ~390 yards from the Gulf and near the area's highly sought-after ''Reserved Beach'', 224 E Lakeshore Drive offers exceptional upside for builders, developers, and long-term investors. This .407-acre parcel is zoned Bay County R-2 (Urban), allowing for duplexes, townhomes, and multiple dwelling units, making it ideal for redevelopment. The true value lies in the development flexibility—the property may be subdivided into multiple lots (up to approximately 4, subject to county approval) or developed as a multi-unit project, including duplexes or townhomes. The R-2 zoning supports a variety of configurations, including: Duplex or townhome development Potential lot splits for multiple single-family or attached residences Higher-density residential build-out consistent with surrounding newer construction City utilities are available, and the site is surrounded by newer homes and townhome projects,

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Home facts

  • Year built:1990
  • Listing ID #:783112
  • Added:52 day(s) ago
  • Updated:February 23, 2026 at 03:32 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Living area:2,344 sq. ft.

Heating and cooling

  • Cooling:CeilingFans, CentralAir
  • Heating:Electric

Structure and exterior

  • Year built:1990
  • Building area:2,344 sq. ft.
  • Lot area:0.41 Acres

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:West Bay

Utilities

  • Sewer:Sewer Available

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$511.95
  • Tax amount:$1,729 (2024)
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