5501 Lagoon Way, Panama City Beach, FL 32408

Local realty services provided by:Better Homes and Gardens Real Estate Historic
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5501 Lagoon Way,Panama City Beach, FL 32408
$309,000
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  • 3 Beds
  • 2 Baths
  • 1,736 sq. ft.
  • Single family
  • Active
Listed by:alice de la penha
Office:coldwell banker realty
MLS#:771218
Source:FL_BCMLS

Price summary

  • Price:$309,000
  • Price per sq. ft.:$178

About this home

Just five blocks from the sugar-white sands of Panama City Beach and within walking distance to the lagoon and a public boat ramp, 5501 Lagoon Way offers a unique opportunity in a prime coastal location. This 3-bedroom, 2-bathroom home features a flex space off the Florida room, ideal for a home office, playroom, or hobby area. Originally a 2-bedroom, 1-bath layout, the home was expanded to include a third bedroom and second full bathroom through a garage conversion that was previously used as a private beauty salon. A wood-burning fireplace adds charm to the main living area, and while the home showcases a vintage design, several major system upgrades have been completed. Recent improvements include storm-rated double-pane vinyl windows installed in 2024, a roof replacement in 2019, and updated wood siding on the back of the home in 2022 with new base trim around the entire exterior. The HVAC system was replaced around 2019, and the Whirlpool water heater, 2022 stainless steel LG

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Home facts

  • Year built:1977
  • Listing Id #:771218
  • Added:140 day(s) ago
  • Updated:August 19, 2025 at 07:40 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,736 sq. ft.

Heating and cooling

  • Cooling:CentralAir, Electric, WindowUnits
  • Heating:Central, Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1977
  • Building area:1,736 sq. ft.
  • Lot area:0.14 Acres

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:Patronis

Utilities

  • Sewer:Septic Available, Septic Tank

Finances and disclosures

  • Price:$309,000
  • Price per sq. ft.:$178
  • Tax amount:$634 (2024)
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