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Lower Grand Lagoon, FL Homes for Sale

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  • /39

    $425,000

    • 3 Beds
    • 3 Baths
    • 1,322 Sq Ft

    8730 Thomas Dr Unit 409, Panama City Beach, FL 32408

    Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features

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    Kiley Niles

    Engel & Voelkers 30A Beaches

    8730 Thomas Dr Unit 409, Panama City Beach, FL 32408
  • /52

    $574,900

    Open Sat 12PM - 2PM $60K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,610 Sq Ft

    7011 Sunset Ave, Panama City Beach, FL 32408

    Rental Projections attached- and these are conservative!!! Short Term Rental Property!!!**DID I MENTION... They have a hurricane resistant roof which provides a great insurance discount and this could also be a great primary home? Also in Flood Zone X500! Or a Rental! Walk over to the beach or build a deck where you can see the beach and watch the sunset on Sunset Ave! This house is so nice

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    Misty Curtis

    Anchor Realty Florida

    7011 Sunset Ave, Panama City Beach, FL 32408
  • /18

    $215,000

    $10K PRICE DROP
    • 1 Bed
    • 1.5 Baths
    • 870 Sq Ft

    5408 Pinetree Ave, Panama City, FL 32408

    Half a mile from the sand and priced to catch your eye -- this one-bedroom, one-and-a-half-bath attached home in the Thomas Drive area is the kind of easygoing coastal find that doesn't come along every day. With 870 square feet of single-story living, it's compact, breezy, and ready for someone with a paintbrush and a plan.The renovation work here is mostly cosmetic, so don't let the

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    MaryAnn Enfinger

    Overstreet Realty

    5408 Pinetree Ave, Panama City, FL 32408
  • /27

    $610,000

    • 3 Beds
    • 2 Baths
    • 1,341 Sq Ft

    6003 Hilltop Ave, Panama City Beach, FL 32408

    Welcome to laid-back coastal living in the South Lagoon area of Panama City Beach where beach days, boating adventures, and golf cart rides become part of everyday life. This beautifully designed beach house blends durability, style, and comfort with an all Hardie Board exterior, a striking metal roof, and a spacious two-car garage. With plenty of room for beach gear, water toys, and extra

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    Jennifer Bond

    Compass Florida, LLC

    6003 Hilltop Ave, Panama City Beach, FL 32408
  • /100

    $1,100,000

    $85K PRICE DROP
    • 5 Beds
    • 4.5 Baths
    • 2,720 Sq Ft

    6722 S Lagoon Dr, Panama City, FL 32408

    Welcome to S Lagoon waterfront living, where investment potential, lifestyle, and flexibility come together in one beautifully updated 3-in-1 property, Pontoon conveys. Positioned directly on the water with two boat slips and a boat lift, this rare opportunity is ideal for boating enthusiasts, short-term or long-term rental income, multi-generational living, the ultimate house hacking. The main

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    Heather Fox

    Beachy Beach Real Estate

    6722 S Lagoon Dr, Panama City, FL 32408
  • /75

    $535,000

    $40K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,296 Sq Ft

    7315 S Lagoon Dr, Panama City, FL 32408

    No HOA and short-term rentals permitted! Located just 3 blocks from the beach and directly across from the lagoon, this beautifully furnished 3 bedroom 2 bath home offers the perfect blend of comfort and convenience. The features 2 spacious living areas ideal for relaxing or entertaining. Enjoy outdoor dining and gathers on the large deck, perfect for coast living. A generous storage building

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    Beth Arnold

    Seashore Realty LLC

    7315 S Lagoon Dr, Panama City, FL 32408
  • /39

    $275,000

    $50K PRICE INCREASE
    • Land
    • 6,098 Sq Ft
    • $1,964,286 per Acre

    8307 Elizabeth Ave, Lower Grand Lagoon, FL 32408

    Prime building opportunity on the east end of Panama City Beach! This cleared, level 50' x 125' lot is located in Flood Zone X and less than 1,000 feet from public beach access. Conveniently situated near the new Tootsie's, St. Andrews State Park, dining and entertainment. Zoned R-2 with the potential for a single-family residence or duplex, subject to applicable development requirements. Public

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    Justin Cater

    EXP Realty LLC

    8307 Elizabeth Ave, Lower Grand Lagoon, FL 32408
  • /39

    $425,000

    • 3 Beds
    • 3 Baths
    • 1,322 Sq Ft

    8730 Thomas Dr Unit 409, Panama City, FL 32408

    Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features

    Agent Photo

    Robert Weil

    Engel & Voelkers 30A Beaches

    8730 Thomas Dr Unit 409, Panama City, FL 32408
  • /59

    $634,900

    • 2 Beds
    • 2 Baths
    • 1,404 Sq Ft

    6201 Thomas Dr Unit 702, Panama City, FL 32408

    Welcome to Watercrest 702 -- a beautifully maintained 2-bedroom, 2-bath Gulf-front condo offering stunning views and effortless coastal living. Located on a desirable lower floor, this residence provides the perfect balance of convenience and breathtaking scenery, with the soothing sights and sounds of the Gulf just steps away. Inside, the condo features luxury vinyl plank flooring throughout,

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    Sassy French

    Keller Williams Success Realty

    6201 Thomas Dr Unit 702, Panama City, FL 32408
  • /88

    $2,825,000

    $570K PRICE DROP
    • 6 Beds
    • 4.5 Baths
    • 2,856 Sq Ft

    8205 Surf Dr, Panama City Beach, FL 32408

    Gulf-Front Oasis with Private Saltwater Pool & Excellent Rental Income!This stunning 6-bedroom, 4.5-bath beachfront home offers the ultimate luxury coastal living experience, sitting directly on the sugar-white sands of Panama City Beach--zero steps to the beach! With approximately 2,850 sq. ft., this beautifully designed home provides expansive Gulf views from nearly every room. The

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    Alexandra Gavrilash

    Counts Real Estate Group Inc

    8205 Surf Dr, Panama City Beach, FL 32408
  • /57

    $309,000

    $29K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,062 Sq Ft

    8730 S Thomas Dr Unit 213, Panama City Beach, FL 32408

    CHECK OUT THE NEW PRICE ON THIS WATERFRONT CONDO! SAME BEAUTIFUL VILLA! Experience coastal living in this beautifully decorated waterfront villa, perfectly positioned for relaxation and adventure. The expansive primary suite offers amazing Lagoon views and an en-suite bath with a double sink vanity. A versatile loft bedroom adds extra flexibility. Ideal for hosting additional guests. The

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    Jennifer Bond

    Compass Florida, LLC

    8730 S Thomas Dr Unit 213, Panama City Beach, FL 32408
  • /146

    $1,599,999

    $240K PRICE DROP
    • 10 Beds
    • 8 Baths
    • 3,500 Sq Ft

    5012 Gulf Dr Unit 1-4, Panama City, FL 32408

    60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low

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    Kerry Jackson

    LPT Realty LLC

    5012 Gulf Dr Unit 1-4, Panama City, FL 32408
  • /59

    $645,000

    $4K PRICE DROP
    • 5 Beds
    • 2.5 Baths
    • 2,088 Sq Ft

    3707 Mystic St Unit A & B, Panama City Beach, FL 32408

    ADORABLE DUPLEX WITH MULTIPLE POSSIBILITIES!* Live in one side, rent the other out.* Short term rent both units.* Short term rent one side, mid or long-term rent the other.THE CHOICE IS YOURS!SIDE A: MYSTIC SURF--3 BR, Sleeps 8 - King, King, King + Twin/Twin Trundle--1 Full, 1 Half Bath--Surf/wave murals in every bedroom--Full Kitchen with lots of

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    January Johnson

    EXP Realty LLC

    3707 Mystic St Unit A & B, Panama City Beach, FL 32408
  • /47

    $200,000

    • Land
    • 6,534 Sq Ft
    • $1,333,333 per Acre

    00 Treasure Cir, Panama City, FL 32408

    This fantastic blank slate is situated in the desirable Treasure Island area of Panama City Beach, just under half a mile from two public beach access points. Convenient location, convenient access 1 block off Thomas Dr, and views of South Lagoon from your potential home! Enjoy easy access to the pristine white sandy beaches and the sparkling waters of the Gulf. Measuring 75 by 85 feet, this lot

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    Heather Fox

    Beachy Beach Real Estate

    00 Treasure Cir, Panama City, FL 32408
  • /59

    $1,850,000

    $50K PRICE DROP
    • 6 Beds
    • 4 Baths
    • 2,717 Sq Ft

    4116 Ocean St, Panama City, FL 32408

    ***2025 RENTAL INCOME: $175,000***2026 BOOKINGS AT $172,000 YTD AND ON TRACK FOR $185,000 This beach house has it ALL! Sleeping up to 24 people across 6 bedrooms and 2 sleeper sofas, this is the perfect memory-making personal vacation home, generously-sized private beach residence, or lucrative short term rental investment. Whether you are accommodating multiple generations vacationing

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    January Johnson

    EXP Realty LLC

    4116 Ocean St, Panama City, FL 32408
  • /27

    $459,500

    • 3 Beds
    • 2 Baths
    • 1,248 Sq Ft

    5801 Thomas Dr Unit 704, Panama City Beach, FL 32408

    Welcome to Regency Towers unit 704 where breathtaking gulf views and coastal living come together on the highly sought after east end of Panama City Beach. Regency Towers is one of Panama City Beach's most established Gulf-front communities, featuring resort-style amenities including two beachfront pools, a hot tub, fitness center, tennis courts, shuffleboard, grilling areas, game room, and an

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    Sara Violette

    EXP Realty LLC

    5801 Thomas Dr Unit 704, Panama City Beach, FL 32408
  • /55

    $650,000

    $100K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,367 Sq Ft

    6201 Thomas Dr Unit 401, Panama City, FL 32408

    PRICE POINT LISTED UNDER VALUE!!!!!WELCOME TO YOUR NEW PERSONAL HOME OR INVESTMENT CONDO!!! 80-100K GROSS RETURN ON INVESTMENT PROJECTED depending on the use of the owner. See documents for actual rentals since January 2025. SUNRISE AND SUNSET VIEWS FROM YOUR BEDROOM TO THE MAIN LIVING AREA! WALK IN AND DO NOTHING BUT REST AND RELAX OR RENT AND RETURN! CASH YOUR MAILBOX MONEY NOW! THIS UNIT IS

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    Sassy French

    Keller Williams Success Realty

    6201 Thomas Dr Unit 401, Panama City, FL 32408
  • /57

    $1,093,600

    $1K PRICE DROP
    • 4 Beds
    • 4.5 Baths
    • 2,428 Sq Ft

    7403 Sunset Ave, Panama City Beach, FL 32408

    Here you can have the best of both worlds: Private pool AND close to beach access!Whether you want to stay in and swim or venture out to salt and sand, 7403 Sunset has you covered!HIGHLIGHTS:--Fully furnished and ready to rent!--Master suite downstairs--4 spacious bedrooms (2 with en suites)--4 full + 1 half bath--Split living/dining areas with lots of

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    January Johnson

    EXP Realty LLC

    7403 Sunset Ave, Panama City Beach, FL 32408
  • /5

    $365,000

    • Land
    • 11,325 Sq Ft
    • $1,403,846 per Acre

    6323 Sunset Ave, Panama City Beach, FL 32408

    Under Contract with a 72 hour Kick-out clause. Rare Double Lot in Panama City Beach - Beach, Boating & Development Potential!Discover an exceptional opportunity to own a 100' x 115' corner double lot (Lots 20 & 21) in the Holiday Beach community of Panama City Beach. Zoned R-3, this property offers outstanding potential for a custom coastal home, vacation retreat, or investment property,

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    Jennifer Crawford

    Keller Williams Realty SRB

    6323 Sunset Ave, Panama City Beach, FL 32408
  • /106

    $2,825,000

    $50K PRICE DROP
    • 6 Beds
    • 4.5 Baths
    • 2,856 Sq Ft

    8205 Surf Dr, Panama City Beach, FL 32408

    Gulf-Front Oasis with Private Saltwater Pool & Excellent Rental Income!This stunning 6-bedroom, 4.5-bath beachfront home offers the ultimate luxury coastal living experience, sitting directly on the sugar-white sands of Panama City Beach--zero steps to the beach! With approximately 2,900 sq. ft., this beautifully designed home provides expansive Gulf views from nearly every room. The

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    Alexandra Gavrilash

    Counts Real Estate Group Inc

    8205 Surf Dr, Panama City Beach, FL 32408
  • /36

    $225,000

    Pre-Foreclosure
    • 1 Bed
    • 1.5 Baths
    • 680 Sq Ft

    8730 Thomas Dr Unit 504, Panama City Beach, FL 32408

    Where coastal ease meets everyday comfort, and gross rental history exceeded $27K for 2025, Villa 504 at The Villas at St. Thomas captures the best of lagoon-front living. Perfectly positioned on the ground level, this residence allows you to step effortlessly from your screened patio to the water's edge. Life here feels private yet connected, surrounded by resort-style amenities including a

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    Abigail Davis

    Corcoran Reverie

    8730 Thomas Dr Unit 504, Panama City Beach, FL 32408
  • /70

    $575,000

    $50K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,379 Sq Ft

    6201 Thomas Dr Unit 406, Panama City, FL 32408

    WANT TO BE LESS THAN A MILE TO THE NEW TOOTSIES?????? WATERCREST 406 IS WHERE ITS AT!!! Wake up to the sound of waves and step directly onto the sugar-white sands of Panama City Beach from this beautifully positioned beachfront condo. Located on a desirable low floor, this residence offers effortless access while still delivering sweeping Gulf views and the coastal lifestyle buyers seek. The

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    Sassy French

    Keller Williams Success Realty

    6201 Thomas Dr Unit 406, Panama City, FL 32408
  • /24

    $6,500,000

    • Land
    • 7 Acres
    • $928,571 per Acre

    9129 N Lagoon Dr, Panama City Beach, FL 32408

    7 Acres in the Heart of Panama City Beach located across from Signal Hill Golf Course. Prime location for a hotel, multifamily development or resort. Almost 900 feet along North Lagoon, you are less than 1500 feet to the beach. This property is located in the Tourist District and is zoned Commercial High Intensity. The property can be developed for up to 200 hotel rooms or 74 townhome units.

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    Cory Herrman

    Counts Real Estate Group Inc

    9129 N Lagoon Dr, Panama City Beach, FL 32408
  • /34

    $299,000

    $31K PRICE DROP
    • 1 Bed
    • 1.5 Baths
    • 740 Sq Ft

    8743 Thomas Dr Unit 606, Panama City Beach, FL 32408

    *** Motivated Seller *** Recent Price Improvement, dropped $30K Unit 606 at The Summit, is a beautifully situated Gulf-front condominium offering stunning coastal views and beachfront living at its best. This well-appointed residence features an open floor plan with abundant natural light, private balcony overlooking the sugar-white sands and emerald waters of Panama City Beach, and comfortable

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    Renae Cooper

    Real Broker LLC

    8743 Thomas Dr Unit 606, Panama City Beach, FL 32408
  • /37

    $667,500

    • 3 Beds
    • 2 Baths
    • 1,975 Sq Ft

    7205 Thomas Dr Unit 1206, Panama City Beach, FL 32408

    DON'T PAY FOR SOMEONE ELSE'S TASTE. CREATE YOUR OWN BEACH HOME.Most Gulf-front condos come with someone else's choices already built into the price--cabinets, countertops, flooring, colors and finishes you may end up replacing anyway. By the time you purchase the condo and personalize it, the value equation can quickly stop making sense.That's what makes Dunes of Panama E1206

    Shea Southwell Counts Real Estate Group Inc

    7205 Thomas Dr Unit 1206, Panama City Beach, FL 32408
  • /54

    $700,000

    $29K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 1,716 Sq Ft

    8399 Lydia Ln, Panama City Beach, FL 32408

    Welcome to this fully remodeled 3-bedroom, 3-bathroom home in the desirable Bel Air neighborhood on the East End of Panama City Beach. The immaculate kitchen features GE Café appliances, an oversized island, coffee bar, and built-in butler's cabinetry, while all three bathrooms feature beautifully updated showers with high-end seamless glass. Outside, enjoy a brand-new pool with brick pavers and

    Nathan Lawrence Legacy Premier Agency LLC

    8399 Lydia Ln, Panama City Beach, FL 32408
  • /54

    $405,000

    • 1 Bed
    • 2 Baths
    • 883 Sq Ft

    5115 Gulf Dr Unit 1904, Panama City, FL 32408

    Fully Furnished Gulf-Front Condo with Stunning ViewsWelcome to Unit 1904 at 5115 Gulf Drive, an immaculate 1-bedroom, 2-bath luxury condo perfectly situated on the sugar-white sands of Panama City Beach. This turnkey, fully furnished residence offers breathtaking floor-to-ceiling Gulf views, modern finishes, and resort-style amenities—ideal as a vacation home, full-time residence, or

    Donna Fox Compass

    5115 Gulf Dr Unit 1904, Panama City, FL 32408
  • /66

    $412,000

    $10K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,015 Sq Ft

    6505 Thomas Dr Unit 912, Panama City Beach, FL 32408

    2BR/2BA Gulf-front condo in Summerhouse, Panama City Beach. 120 sq ft balcony, 2 pools, short-term rentals allowed. Built 1987. This 2 bedroom, 2 bath Gulf-front condominium at Summerhouse Condo in the South Lagoon area of Panama City Beach offers 1,015 square feet and direct beach frontage at 6505 Thomas Drive. Built in 1987 and listed at 422,000, the unit allows short term rentals and is being

    Greg Taylor Counts Real Estate Group Inc

    6505 Thomas Dr Unit 912, Panama City Beach, FL 32408
  • /105

    $1,250,000

    • 3 Beds
    • 3 Baths
    • 2,274 Sq Ft

    6627 Thomas Dr Unit 1401, Panama City, FL 32408

    3BR/3BA Gulf-front condo at Sterling Beach in Panama City Beach. 34 feet of floor-to-ceiling glass, 12-foot ceilings and covered parking #15. From the moment you arrive at Sterling Beach, the winding paver drive, Royal Palms and Gulf-front setting create a memorable introduction. Unit 1401 is a 2,274-square-foot Gulf-front condominium where approximately 34 feet of floor-to-ceiling glass

    Greg Taylor Counts Real Estate Group Inc

    6627 Thomas Dr Unit 1401, Panama City, FL 32408
  • /54

    $750,000

    $49K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,470 Sq Ft

    6505 Thomas Dr Unit 215, Panama City, FL 32408

    Rarely available Summerhouse ''WRAP-A-ROUND'' Unit. Owners seldom turn loose of these coveted units. If VIEWS are important to you then there is not a better one to be found up and down the beach. You can find larger, more upscale units but you can't find a better view on Panama City Beach. Your view is not obstructed by other buildings or anything else in a Summerhouse Wrap. This is a true

    Greg Taylor Counts Real Estate Group Inc

    6505 Thomas Dr Unit 215, Panama City, FL 32408
  • /64

    $289,900

    • 1 Bed
    • 2 Baths
    • 740 Sq Ft

    8743 Thomas Dr Unit 1028, Panama City Beach, FL 32408

    Beautifully updated and move-in ready, this Gulf-front condo at The Summit has been newly painted throughout and features stylish new coastal artwork, creating a bright, modern beach retreat that's ideal as a primary residence, second home, or vacation rental investment. The Summit in Panama City Beach. This 1-Bedroom, Two-Full-Bath beachfront unit features panoramic Gulf views, direct deeded

    Sissy Carroum REV Realty

    8743 Thomas Dr Unit 1028, Panama City Beach, FL 32408
  • /30

    $460,000

    • 3 Beds
    • 3 Baths
    • 1,512 Sq Ft

    8727 Thomas Dr Unit B6, Panama City, FL 32408

    Investors Take Notice... this is the ABSOLUTE LOWEST PRICED and one of the LOWEST HOA's of all the 3 Bedroom / 3 Bathroom condos located on the beach!!!This unbelievable condo has been loved by the same family for 27 years, and now that they are starting a new chapter in life, they are offering it up at a once in a lifetime price!Let's look at the facts...Maximizing rental

    Garrett Aune Beachy Beach Real Estate

    8727 Thomas Dr Unit B6, Panama City, FL 32408
  • /56

    $285,000

    $10K PRICE DROP
    • 1 Bed
    • 1.5 Baths
    • 740 Sq Ft

    8743 Thomas Dr Unit 931, Panama City Beach, FL 32408

    Beautiful Gulf views, a prime east-end location, and turnkey rental potential make this Summit Beach Resort condo a must-see! This fully furnished 1-bedroom, 1-bath condo offers a comfortable beach retreat with a sleeper sofa in the living room, providing additional flexibility for owners and guests. Enjoy stunning Gulf views and the sound of the waves from your private balcony, with the

    Brenda Tucker Beachy Beach Real Estate

    8743 Thomas Dr Unit 931, Panama City Beach, FL 32408
  • /4

    $899,000

    $96K PRICE DROP
    • Land
    • 6,098 Sq Ft
    • $6,421,429 per Acre

    8700 Surf Dr, Panama City Beach, FL 32408

    Super location across the street from the beach. 8700 Surf Drive. 50x120 lot with beach access (Beach Access 23) across the street. Build your dream home, or your custom town homes. Drive by at your convenience and see the gulf views.

    John McVeigh St Andrews Bay Realty

    8700 Surf Dr, Panama City Beach, FL 32408
  • /59

    $315,000

    $25K PRICE DROP
    • 1 Bed
    • 2 Baths
    • 893 Sq Ft

    6213 Thomas Dr Unit 505, Panama City Beach, FL 32408

    Highly Desirable and well maintained condominium located directly on the Beach. This 1 bedroom 2 Bath Condo is complete with ''Beachy Decor'' fully furnished and rental ready. Large Master Bedroom has two Queen size beds with an additional Queen Sleeper sofa in the living area. Kitchen cabinets and appliances have been updated. The Private Covered Balcony is a Huge Plus! Gorgeous views of the

    Barbara McDonald CitiStar Realty

    6213 Thomas Dr Unit 505, Panama City Beach, FL 32408
  • /42

    $419,000

    • 3 Beds
    • 2 Baths
    • 1,023 Sq Ft

    5616 Pinetree Ave, Panama City Beach, FL 32408

    Fully renovated beach cottage and RENTAL MACHINE only .3 miles from the Gulf! This stunning 3-bedroom, 2-bath coastal home sits on a huge lot with no HOA in the heart of Lower Grand Lagoon, offering the kind of space that is nearly impossible to find this close to the water. Every inch of this cottage has been meticulously updated, including a 2020 metal roof, HVAC, Hardie Board siding, vinyl

    Courtney Pantalena Coldwell Banker Realty

    5616 Pinetree Ave, Panama City Beach, FL 32408
  • /45

    $699,400

    $31K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,441 Sq Ft

    6201 Thomas Dr Unit 1008, Panama City, FL 32408

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS.LOCATION, LOCATION, LOCATION....If you've been searching for the PERFECT BEACH FRONT CONDO on Panama City Beach, your search ends here!Welcome to Unit 1008 at Watercrest, one of the most desirable residences on the Emerald Coast. With 1,441 square feet, this beautifully designed 2-bedroom, open-concept condo

    Fred Peak Jr. Realty Mark Associates

    6201 Thomas Dr Unit 1008, Panama City, FL 32408
  • /52

    $1,595,000

    $31K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 2,300 Sq Ft

    4421 Thomas Dr Unit 101, Panama City, FL 32408

    Welcome to St. Andrew's Park Place. the best of coastal waterfront living in Panama City Beach. This unit is located on the first floor and has fabulous views of the Gulf, as well as St. Andrew's State Park. This property is located on the East end of PCB where you experience the quiet beauty of the State Park . With the residence being located on the ground floor, you have easy access from the

    Terra Sasser Coldwell Banker Realty

    4421 Thomas Dr Unit 101, Panama City, FL 32408
  • /75

    $699,900

    • 2 Beds
    • 2 Baths
    • 1,404 Sq Ft

    6201 Thomas Dr Unit 1002, Panama City, FL 32408

    Welcome to Unit 1002 at Watercrest--one of the most sought-after addresses on the Emerald Coast. Spanning 1,404 square feet this end unit offers a panoramic views of the ocean and stays cool in the afternoon when the sun begins to set. The unit has been completely renovated and tastefully decorated! The large balcony is perfect for entertaining guests! Watercrest is widely regarded as one of the

    Fred Peak Jr. Realty Mark Associates

    6201 Thomas Dr Unit 1002, Panama City, FL 32408
  • /45

    $399,900

    $60K PRICE DROP
    • 1 Bed
    • 2 Baths
    • 883 Sq Ft

    5115 Gulf Dr Unit 202, Panama City, FL 32408

    NEW HVAC UNIT installed in June of 2026!!! It is very RARE that a power bill is included in the HOA fees of a condominium. It is also a great thing when you see a second floor fully furnished unit become available in a Gulf Front high rise building. Seychelles is next door to a popular restaurant named SCHOONERS, so you can get a great lunch or dinner any old time. It gets better! There is value

    Holli Persall ERA Neubauer Real Estate Inc

    5115 Gulf Dr Unit 202, Panama City, FL 32408

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Why Live in Lower Grand Lagoon

Lower Grand Lagoon, FL, offers a relaxed beach town lifestyle with easy access to the Gulf of Mexico. Residents enjoy walking to the beach within minutes, benefiting from less tourist congestion compared to nearby Panama City Beach. The area features a mix of condos and single-family homes, including waterfront properties with docks for boating enthusiasts. Lower Grand Lagoon is home to St. Andrews State Park, a popular destination for camping, hiking, bird watching, snorkeling, and surfing. The community hosts events like the Lobster Festival at Schooners and the Annual Grand Lagoon Bloody Mary & Music Festival. Dining options include local favorites such as Schooners and Patches Pub, known for their seafood and live music. The Bay District school system serves the area, with highly rated schools like Patronis Elementary and J.R. Arnold High. Traffic is manageable with main routes like Thomas Drive, contributing to a more secluded feel. For those seeking things to do, Lower Grand Lagoon offers a blend of outdoor activities, local events, and dining experiences.

Frequently Asked Questions

What is the average home price in Lower Grand Lagoon, FL?
Homes for sale in Lower Grand Lagoon, FL have an average home price of $1,671,000.
Are home prices dropping in Lower Grand Lagoon?
Yes, home prices in Lower Grand Lagoon are down 66% in the last 12 months.
How many homes have sold over the last 12 months in Lower Grand Lagoon, FL?
4 homes have sold in Lower Grand Lagoon, FL over the last 12 months.
What are the most popular zip codes in Lower Grand Lagoon, FL?
The most popular zip codes in Lower Grand Lagoon, FL include 32408, 32401, 32413, 32407 and 32405.
How much do you need to make to afford a house in Lower Grand Lagoon?
The median home price in Lower Grand Lagoon is $899,000. If you put a 20% down payment of $179,800 and had a 30-year fixed mortgage with an interest rate of 6.71%, your estimated principal and interest payment would be $4,650 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $199K a year to afford the median home price in Lower Grand Lagoon. Learn how much home you can afford with our Home Affordability Calculator.
How are the schools in Lower Grand Lagoon, FL?
Lower Grand Lagoon, FL has highly rated public and private schools. Some of the best schools in Lower Grand Lagoon based on Niche Grades are Patronis Elementary School, Breakfast Point Academy and Surfside Middle School. Browse all the schools in Lower Grand Lagoon, FL to learn more.

Home Price Trends

Median Sale Price
$878,000
Median Single Family Sale Price
$878,000
Average Price Per Sq Ft
$547
Number of Homes for Sale
1
Last 12 months Home Sales
4
Months of Supply
3.00
Median List Price
$899,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-66%
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