8120 S Lagoon Drive, Panama City, FL 32408
Local realty services provided by:Better Homes and Gardens Real Estate Historic
8120 S Lagoon Drive,Panama City, FL 32408
$1,475,000
- 5 Beds
- 4 Baths
- 2,625 sq. ft.
- Single family
- Active
Listed by: courtney pantalena
Office: coldwell banker realty
MLS#:789058
Source:FL_BCMLS
Price summary
- Price:$1,475,000
- Price per sq. ft.:$561.9
About this home
***OPEN HOUSE! SAT, MAY 2 from 10AM-12PM*** Experience the ultimate waterfront lifestyle with this fully remodeled coastal retreat on Grand Lagoon! Ideally positioned just minutes from the Gulf, this exceptional property offers a rare combination of modern luxury, double boat slip deep-water access, and outstanding short-term rental potential, all with no HOA restrictions.
Thoughtfully renovated from top to bottom, the home features 5 bedrooms and 4 full bathrooms, including a spacious converted garage that serves as a private fifth bedroom with its own en-suite full bath. This flexible space can also function as a game or hobby room, making it ideal for maximizing rental occupancy and guest experience. The layout is well designed with two bedrooms on the first floor and the primary suite plus two additional bedrooms on the second level.
Upon entering, the bright, contemporary design showcases fresh paint, updated lighting, and stylish fixtures throughout. New flooring flows seamlessly across the home with no carpet, creating a clean and low-maintenance environment ideal for both full-time living and high-traffic use. The fully redesigned kitchen is a standout, featuring white cabinetry, sleek countertops, and brand-new appliances that offer both style and functionality. Two of the three upstairs bedrooms feature private balconies with water views. Plus the primary bath has a jacuzzi tub and separate shower.
Outdoors is resort-style living at its finest! The backyard is built for entertaining, complete with a gunite pool, relaxing spa, and multiple levels of newer Trex composite decking all with lagoon views. For the boating and water enthusiasts, this property is exceptionally well equipped with deep-water frontage and an incredible covered dock! One side features a 40' x 20' roof over a 24,000 lb boat lift that can accommodate approximately a 35' boat. The second dock includes a 16' x 24' roof over a 12,000 lb lift suited for up to 21'. Two jet ski float pads provide additional convenience and storage. This convenient location provides easy access to St. Andrews Bay, Shell Island, and the Gulf. Additionally, the home has already been connected to city sewer, which is both expensive and rare in the lagoon area.
Situated on a quiet stretch of South Lagoon Drive and only a few blocks from the area's renowned beaches, Rick Seltzer Park, and multiple dining options, this property is ideally positioned to capitalize on Panama City Beach's strong vacation rental demand. Whether utilized as a primary residence, second home, or income-producing investment, this turnkey waterfront property delivers exceptional versatility and value. Schedule your showing today. A walk-through video is available...
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Home facts
- Year built:1983
- Listing ID #:789058
- Added:5 day(s) ago
- Updated:May 03, 2026 at 10:17 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:7
- Kitchen Description:Electric Oven
- Living area:2,625 sq. ft.
Heating and cooling
- Cooling:CentralAir
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:1983
- Building area:2,625 sq. ft.
- Lot area:0.21 Acres
- Architectural Style:Contemporary
- Exterior Features:Balcony, Boat Lift, Dock
Schools
- High school:Arnold
- Middle school:Surfside
- Elementary school:Patronis
Finances and disclosures
- Price:$1,475,000
- Price per sq. ft.:$561.9
- Tax amount:$10,731 (2025)
Features and amenities
- Amenities:ElectricOven
- Pool features:InGround, Private
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