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Lower Grand Lagoon

Lower Grand Lagoon

Located in Bay County

$588,453 Average Value
$436 Average Price per Sq Ft
142 Homes For Sale

Beach town living at an easygoing pace

Homes all around Lower Grand Lagoon share a common denominator, one that’s a constant pull to the area. “I like it because you can walk to the beach,” says Marc Miller, a local realtor with RE/MAX By the Sea. “Pretty much anywhere in that Lower Grand Lagoon area, I’d say, you can walk to the beach pretty easily. Might be like an eight-minute walk, 10-minute walk, but not bad.” Combine that with less tourism hubbub than the heart of Panama City Beach to the west, and this community is one that’s attractive to locals, seasonal residents and short-term rental clients alike.

Outdoor fun by water or by land, from St. Andrews to the Gulf

Lower Grand Lagoon is like a peninsula, jetting out into the area waters. So not only are houses here just minutes from the beach on foot, but there are several public beach access points to choose from, facing the Gulf of Mexico on the neighborhood’s south side. So residents can step from their front doors and onto the region’s signature, sugary soft sand with relative ease. “I feel like nowhere else do you get that white sand, sugary sand. Like, you walk on it, it squeaks,” says Miller, who has been a realtor for over three years after working at Panama City’s Naval Surface Warfare Center. The sand provides a front-row seat to the Gulf’s emerald-green water. The neighborhood's north end is lined with myriad waterfront homes, along a sliver of the Grand Lagoon — many of them complete with docks out back. This side of Lower Grand Lagoon is also the home base to multiple fishing charter services and water tour boats that can take people out to see the sector’s immense bottlenose dolphin population.

The end of Lower Grand Lagoon is home to one of Florida’s most-visited state parks: St. Andrews State Park. This 1,200-acre expanse is popular for camping, and has a couple of half-mile hiking trails that double as spots for bird watching. St. Andrews is well-liked for snorkeling and surfing as well.

A medley of homes with a variety of uses

This area is mostly comprised of condos and traditional single-family houses, dotting a grid network of residential streets. There are a good bit of full-time residents here, but this neighborhood also provides a calmer alternative for visitors and part-time residents compared to the tourist hotspot of Panama City Beach proper. Panama City Beach attracts some 4.5 million visitors annually, including a surge in the summer months. “It’s about traffic. If you’re trying to avoid seasonal traffic, that’s the place to be,” says Sean Casilli, co-founder of The Real Experts Group at Coldwell Banker Realty and a realtor in the region for several years. There’s a fit for seemingly every preference in this area, too, from one-bedroom units in high-rise condo buildings facing the beach to towering detached homes with six or seven bedrooms. Also, the waterfront properties with docks offer boaters quicker access to the Gulf than a lot of other neighborhoods in this area, through the St. Andrews Pass. “That’s probably your closest option,” Casilli says.

Condo prices in Lower Grand Lagoon start around $200,000 for under 700 square feet, with one bedroom, and can reach roughly $2 million for a 3,000-square-foot unit on the beach. Traditional single-family homes here range from the mid-$300,000s for an option that may need some work to about $3 million for one of the residences with six to seven bedrooms.

Enjoy the local scene, with a seafood flair

One of the neighborhood’s signature events takes place each October at popular seafood restaurant Schooners: the Lobster Festival. Held over four days, the Lobster Festival includes everything from live music to lobster-themed food specials. “That seems to be something people get excited about when it comes around,” Casilli says. Locals can follow up the Lobster Festival with the Annual Grand Lagoon Bloody Mary & Music Festival in November at the Sheraton Panama City Beach Golf and Spa Resort in the neighboring Upper Grand Lagoon neighborhood. In this event, bars and restaurants from around the area battle for recognition of Best Bloody Mary in the Grand Lagoon.

Local haunts are right at home

Lower Grand Lagoon is predominantly residential, but this neighborhood — along with Upper Grand Lagoon — carries the most dense collection of locally owned bars and restaurants in the area. Schooners, home of the Lobster Festival, is one of the stalwarts of Lower Grand Lagoon, nicknamed the “Last Local Beach Club” here. Open from 11 a.m. to 9 p.m. every day, Schooners is popular for its grouper and has regular live music performances, too. Patches Pub down the road is known for its Reuben sandwiches and is one of Miller’s favorites. “It’s always packed in there,” Miller says. “They’ve got live music in there and cheap food — good food, though.” Those eyeing a homecooked meal can stop by nearby spots like Treasure Island Seafood Market for fresh ingredients. There’s a Publix across Grand Lagoon Bridge in Upper Grand Lagoon, too.

Bay District schools boast a good reputation

The Bay District school system serves kids in Lower Grand Lagoon, a system with a B-plus overall grade on Niche. Students here start at the A-minus-rated Patronis Elementary, which benefits from an active PTO, one seen as the “heartbeat” of campus. B-rated Surfside Middle offers athletic programs with options ranging from a championship girls volleyball team to a football team. The area’s B-plus-rated J.R. Arnold High supports dedicated programs in topics like sports and entertainment marketing and culinary arts.

Traffic is easier to navigate

One of the benefits of Lower Grand Lagoon for locals is that there are essentially only two main lanes of traffic in and out, on Thomas Drive. Lower Grand Lagoon, in turn, features more of a secluded feel than the center of Panama City Beach, which has busier stretches like Panama City Beach Parkway coursing through it. Thomas Drive comes complete with multiple stops in the region’s Bayway bus system, too.

Wayne Epps Jr.
Written By
Wayne Epps Jr.

Interested in learning more about homes in this area? Reach out to Tracye Crass, an experienced agent in this area.

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Schools

Source:
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Lower Grand Lagoon Housing Trends

Housing Trends

Median List Price
$519,950
Median Sale Price
$471,250
Median Single Family Sale Price
$582,900
Median Townhouse Sale Price
$395,000
Median 2 Bedroom Sale Price
$479,000
Median Change From 1st List Price
5%
Last 12 months Home Sales
168
Median Home Sale Price YoY Change
-2%
Average Price Per Sq Ft
$436

Neighborhood Facts

Number of Homes for Sale
142
Months of Supply
10.10

Open Houses

  • Wednesday, Jul 16
    9am - 1pm

    5948 Gulf Dr, Panama City Beach, FL 32408

    $2,850,000

    • 6 Beds
    • 6.5 Baths
    • 4,570 Sq Ft
    • 5948 Gulf Dr

    Compelling new construction opportunity in the brand new Gulf front community of Hadley's Beach. Emerging from the sugar white sands and idyllic turquoise hued waters of Panama City Beach resides the exclusive newly released Gulf front community of Hadley's Beach. Reigning on over four acres, the low density community encompasses a total of sixteen Gulf front homesites and ten first tier

    Agent Photo
    Hilary Farnum-Fasth
    Corcoran Reverie SRB
    (448) 231-1311
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  • Wednesday, Jul 16
    9am - 1pm

    5948 Gulf Dr, Panama City Beach, FL 32408

    $2,850,000

    • 6 Beds
    • 6.5 Baths
    • 4,570 Sq Ft
    • 5948 Gulf Dr

    Compelling new construction opportunity in the brand new Gulf front community of Hadley's Beach. Emerging from the sugar white sands and idyllic turquoise hued waters of Panama City Beach resides the exclusive newly released Gulf front community of Hadley's Beach. Reigning on over four acres, the low density community encompasses a total of sixteen Gulf front homesites and ten first tier

    Agent Photo
    Hilary Farnum-Fasth
    Corcoran Reverie
    (850) 905-5310
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  • Sunday, Jul 13
    3 - 7pm

    7107 S Lagoon Dr, Panama City Beach, FL 32408

    $849,000

    • 4 Beds
    • 3.5 Baths
    • 2,189 Sq Ft
    • 7107 S Lagoon Dr
    • New 18 days ago

    Custom, coastal luxury is defined in this truly exceptional new construction, custom home in Panama City Beach, Florida. This is not your average new build--this is a stunning fusion of mid-century modern, coastal design and refined southern charm, crafted for those who seek elevated style with NO HOA and standout investment potential!Every inch of this home is a showcase of superior

    Carly Sostheim Corcoran Reverie

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Homes for Sale

Homes for Rent

Condo Buildings

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Weather

Annual Precipitation
57''
Average Winter Low Temperature
45°F
Average Summer High Temperature
90°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

49 / 100

Car-Dependent

Walk Score®®

48 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Lower Grand Lagoon
Tracye Crass
Beach Haven Realty LLC
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