6722 S Lagoon Drive, Panama City, FL 32408
Local realty services provided by:Better Homes and Gardens Real Estate Historic
6722 S Lagoon Drive,Panama City, FL 32408
$1,300,000
- 5 Beds
- 5 Baths
- 2,720 sq. ft.
- Multi-family
- Active
Listed by:tammy m smith
Office:epique realty inc
MLS#:774052
Source:FL_BCMLS
Price summary
- Price:$1,300,000
- Price per sq. ft.:$477.94
About this home
**PRICE IMPROVEMENT** Income producing property with THREE living units and TWO boat houses!If you love boating, amazing views and easy access to the beach...as well as income potential, you've just found a home that has all of this and much more to offer! This newly renovated three-story multi-unit home boasts a dock with not one, but TWO covered boat houses affording you the opportunity to keep multiple water toys in your own backyard with 74' of prime lagoon waterfront! From this vantage point, you'll take in the best views over the lagoon from one of the three decks that overlook the expansive waterfront property. The first floor deck is covered so you can enjoy the shade as well as shelter on rainy days. The wrap-around second floor deck provides additional outdoor living space from which you can enjoy the colors of the sunset and sunrise in the sky over the lagoon. The beach is just a few blocks away, and St. Andrews State Park, shopping, restaurants, and entertainment are all close by, as well! The location of this property couldn't be better and is only a short drive to the Hathaway Bridge for when you need to head into town! The property offers myriad opportunities to utilize the well-planned spaces to suit your individual needs. There are 3 separate living spaces which could easily be combined, should you wish to connect the separate units into a larger unit. The property has been updated with new LVP flooring, cabinets, countertops, lighting, tile, bathrooms, wood decking and more!Amongst the 3 units, in total, there are 5 bedrooms and 4.5 bathrooms. The main unit occupies the second and third floors and includes 3 bedrooms and 2.5 bathrooms and a comfortable living space with spectacular lagoon views. Both of the 1-BR/1-BA units are located on the first floor, with one unit facing the lagoon and covered deck, and the other unit facing the street. The street-facing 1-BR unit does not have a kitchen installed, in case the new owner would want to install a stairwell to connect this space to the 3-BR unit above.There is ample parking in the driveway and in the parking pad along the street. The front yard is showcased by the majestic live Oak tree which has a heritage tree designation tag. Short term rentals are allowed, so in addition to using the property as your full time residence, you also have the option of renting out one or both of the 1 bedroom units either short- or long-term to offset your personal living expense or to maximize income potential, you could rent out all three units. Of course, these spaces would also be great as a private mother-in-law suite or guest spaces when friends and family come to visit your beautiful abode. Opportunities and options abound, so schedule a showing to visualize this versatile property's full potential!
Contact an agent
Home facts
- Year built:1981
- Listing Id #:774052
- Added:86 day(s) ago
- Updated:August 22, 2025 at 03:20 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:4
- Half bathrooms:1
- Living area:2,720 sq. ft.
Heating and cooling
- Cooling:CeilingFans, CentralAir, Electric, MultiUnits, SeparateMeters, WindowUnits
- Heating:Central, Electric
Structure and exterior
- Roof:Metal
- Year built:1981
- Building area:2,720 sq. ft.
- Lot area:0.22 Acres
Schools
- High school:Arnold
- Middle school:Surfside
- Elementary school:Patronis
Utilities
- Sewer:Septic Available, Septic Tank
Finances and disclosures
- Price:$1,300,000
- Price per sq. ft.:$477.94
- Tax amount:$7,003 (2024)
New listings near 6722 S Lagoon Drive
- New
$575,000Active2 beds 2 baths1,380 sq. ft.9450 S Thomas #608BB, Panama City, FL 32408
MLS# 778001Listed by: BERKSHIRE HATHAWAY HOMESERVICES PENFED - New
$255,000Active3 beds 2 baths1,100 sq. ft.711 E 14th Street, Panama City, FL 32401
MLS# 777993Listed by: AMERICAN REALTY OF BAY CO, INC - New
$99,900Active0.52 Acres105 Lake Merial Trail, Panama City, FL 32409
MLS# 777990Listed by: BLUEWATER COMMERCIAL LLC - New
$299,990Active3 beds 2 baths1,474 sq. ft.3934 Lombard Street #Homesite 11, Panama City, FL 32404
MLS# 983613Listed by: LENNAR REALTY INC - New
$300,000Active3 beds 2 baths1,676 sq. ft.126 Byrd Drive, Panama City, FL 32404
MLS# 777973Listed by: THINK REAL ESTATE - Open Sun, 1:30 to 3:30pmNew
$365,000Active4 beds 2 baths1,857 sq. ft.3800 Cedar Park Drive, Panama City, FL 32404
MLS# 777974Listed by: THINK REAL ESTATE - New
$395,000Active5 beds 3 baths2,616 sq. ft.4757 Firefly Lane, Panama City, FL 32404
MLS# 777962Listed by: THINK REAL ESTATE - Open Sat, 11am to 2pmNew
$449,000Active3 beds 2 baths1,835 sq. ft.4415 College Station Road, Panama City, FL 32404
MLS# 777963Listed by: COLDWELL BANKER REALTY - New
$336,000Active3 beds 2 baths1,744 sq. ft.109 Concord Circle, Panama City, FL 32405
MLS# 777955Listed by: BEYCOME OF FLORIDA LLC - New
$230,000Active3 beds 2 baths1,311 sq. ft.630 Seneca Avenue, Panama City, FL 32404
MLS# 777950Listed by: PINEAPPLE PROPERTIES
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each Office is Independently Owned and Operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.