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5-Bedroom Homes for Sale in Lower Grand Lagoon, FL

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  • /90

    $3,345,000

    • 6 Beds
    • 4.5 Baths
    • 2,850 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 open-concept

    Agent Photo

    Alexandra Gavrilash

    Counts Real Estate Group Inc

    (850) 809-9691

    8205 Surf Dr, Panama City Beach, FL 32408
  • /73

    $2,850,000

    • 6 Beds
    • 6.5 Baths
    • 4,570 Sq Ft

    5948 Gulf Dr, Panama City Beach, FL 32408

    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

    5948 Gulf Dr, Panama City Beach, FL 32408
  • /70

    $2,850,000

    • 6 Beds
    • 6.5 Baths
    • 4,570 Sq Ft

    5948 Gulf Dr, Panama City Beach, FL 32408

    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

    5948 Gulf Dr, Panama City Beach, FL 32408
  • /39

    $3,495,000

    • 8 Beds
    • 8 Baths
    • 5,320 Sq Ft

    8219 Surf Dr Unit 1 and 2, Panama City, FL 32408

    Welcome home to your beachfront paradise in Panama City Beach! With a spacious 5,400 square feet of interior bliss, this sprawling property boasts an impressive eight bedrooms, eight bathrooms, and four separate kitchens making it a haven for large families or a savvy investor's dream. Recently renovated, this ''rental machine'' grossed nearly $400k in 2024, with over $200k in future bookings

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    Fred Thomas

    Beach Time Realty, Inc

    (850) 970-7174

    8219 Surf Dr Unit 1 and 2, Panama City, FL 32408
  • /54

    $4,500,000

    • 9 Beds
    • 7 Baths
    • 4,537 Sq Ft

    5409 Gulf Dr, Lower Grand Lagoon, FL 32408

    ''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2025! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14x24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the

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    Fred Thomas

    Beach Time Realty, Inc

    (850) 821-7054

    5409 Gulf Dr, Lower Grand Lagoon, FL 32408
  • /64

    $5,995,000 New Construction

    • 9 Beds
    • 10.5 Baths
    • 5,991 Sq Ft

    5939 Gulf Dr, Panama City Beach, FL 32408

    Discover an unparalleled opportunity to own a brand-new Gulf-front estate in the prestigious Hadley's Beach community. This four-level, 5,891 sq. ft. professionally furnished residence epitomizes luxurious coastal living, featuring nine bedrooms, eleven bathrooms, a bunk room, and a private Gulf-front pool. Meticulously designed for both personal enjoyment and investment potential, this home

    Agent Photo

    Hilary Farnum-Fasth

    Corcoran Reverie SRB

    (448) 217-3577

    5939 Gulf Dr, Panama City Beach, FL 32408
  • /76

    $4,437,500

    • 7 Beds
    • 8.5 Baths
    • 4,676 Sq Ft

    8711 Surf Dr, Panama City, FL 32408

    ''Above All'' the ultimate beach house, finished in May and already Booked with over $150,000 in reservations! Backed by a first-year $400,000 rental income guarantee, this Gulf-front luxury retreat offers peace of mind from day one. The seller guarantees that if the rental income does not hit $400k in the first year, he will cut you a check for $50,000, now that's confidence! Whether you're

    Christina Schlink Compass Florida, LLC

    8711 Surf Dr, Panama City, FL 32408
  • /113

    $2,900,000

    • 5 Beds
    • 4 Baths
    • 5,100 Sq Ft

    6620 Gulf Dr, Panama City, FL 32408

    Experience resort-style living in this move-in ready, luxury coastal home--just steps from the beach! This custom-built property features 5 large bedrooms, 4 full baths, 2 fully-equipped kitchens, and an attached 2-car garage, perfect for multi-generational living or hosting guests. Enjoy 10-foot ceilings and elegant crown molding throughout, two expansive porches with panoramic Gulf views, and a

    Joan Altenpohl Coastal Real Estate Group, Inc

    6620 Gulf Dr, Panama City, FL 32408
  • /77

    $3,995,000

    • 7 Beds
    • 7.5 Baths
    • 4,024 Sq Ft

    8319 Surf Dr Unit A, Panama City, FL 32408

    Welcome to Southern Comfort—your slice of beachfront paradise, where Southern hospitality meets upscale coastal living. This luxury Gulf-front home is designed for gathering, celebrating, and relaxing in style. Spanning over 4,000 square feet, the home features 7 bedrooms, 7.5 baths, a game room, and thoughtful touches throughout that make it as welcoming as it is impressive.On the main

    Joslyn Jacobs Berkshire Hathaway HomeServices

    8319 Surf Dr Unit A, Panama City, FL 32408
  • /94

    $3,975,000

    • 7 Beds
    • 7.5 Baths
    • 4,572 Sq Ft

    8311 Surf Dr, Panama City, FL 32408

    Welcome to Stay Salty, a Gulf-front luxury home located in one of the most desirable and peaceful stretches of Panama City Beach. Offered fully furnished and professionally designed, this extraordinary coastal residence delivers over 5,600 square feet of refined living space across four levels, with seven spacious bedrooms and seven and a half bathrooms. Built with longevity and comfort in mind,

    Duran Group Berkshire Hathaway HomeServices Beach Properties of Florida

    8311 Surf Dr, Panama City, FL 32408
  • /47

    $2,795,000

    • 7 Beds
    • 9 Baths
    • 4,515 Sq Ft

    8320 Surf Dr, Panama City Beach, FL 32408

    New Construction, this 7 bedroom, 7 bath with a rec room is designed to be a rental machine and sleeps 24. just footsteps away from the Gulf. This Beach house is designed to maximize your rental income with plenty of break out areas for your guest and a pool and outdoor cooking area as well. The house is fully furnished and already on rental with Ben's Beach Homes.

    Bill Thomas Beach Time Realty Inc

    8320 Surf Dr, Panama City Beach, FL 32408
  • /18

    $3,100,000 New Construction

    • 5 Beds
    • 6.5 Baths
    • 4,090 Sq Ft

    5940 Gulf Dr, Panama City Beach, FL 32408

    Introducing a rare opportunity in Hadley's Beach an exclusive, low-density Gulf-front community in Panama City Beach. One of just ten first-tier homesites, this newly constructed three-story retreat is purpose-built for luxury living and exceptional rental performance, offering stunning design, panoramic views, and turnkey income potential.Step into the first floor where a private guest suite and

    Ashley Cutchins Miller & Associates Realty

    5940 Gulf Dr, Panama City Beach, FL 32408
  • /47

    $4,500,000

    • 6 Beds
    • 6.5 Baths
    • 5,850 Sq Ft

    8115 N Lagoon Dr, Panama City, FL 32408

    Largest single family lot on North Lagoon! This almost 2 acre lot perfectly situated on Panama City Beaches Grand Lagoon hosts an incredibly built brick home boasting 6 bedrooms and 6.5 baths. When pulling into your gated drive, you will be welcomed with a well manicured lawn, ample parking, and a 6 car climate-controlled garage for all your toys. This home boasts a grand entryway and custom

    Beth Mulvey Beach House Sales and Development

    8115 N Lagoon Dr, Panama City, FL 32408
  • /41

    $499,900

    • 6 Beds
    • 4 Baths
    • 1,800 Sq Ft

    7315 Beach Dr, Panama City, FL 32408

    COME TAKE A LOOK AT THIS IMPRESSIVE AND OUTSTANDING PROPERTY LOCATED JUST 2 BLOCKS FROM THE BEACH, THIS PROPERTY FEATURES UPDATED KITCHEN AND BATHS, STAINLESS STEEL APPLIANCES, UPDATED FLOORING AND MUCH MORE. IDEAL FOR SHORT TERM RENTAL INVESTMENT OR TO MAKE IT YOUR NEW HOMEEASY TO SHOW

    Gonzalo Revilla 1ST Class Real Estate Premier Group Inc

    7315 Beach Dr, Panama City, FL 32408
  • /96

    $825,000

    • 6 Beds
    • 6 Baths
    • 4,072 Sq Ft

    3903 Raven St Unit A-C, Panama City, FL 32408

    PRICE REDUCED. Don't miss this incredible investment opportunity! This fully furnished and rental-ready triplex is centrally located near Panama City Beach's world-famous sugar white sands, public boat ramps, and a variety of local attractions, including top-rated restaurants, bars, shopping, and hot spots.Each unit is thoughtfully designed for maximum comfort and rental potential. Units A and C

    Shaunnah Whitely Realty One Group Emerald Coast

    3903 Raven St Unit A-C, Panama City, FL 32408
  • /53

    $698,000

    • 6 Beds
    • 6 Baths
    • 2,720 Sq Ft

    6315 Hilltop Ave, Panama City, FL 32408

    Convenient location- this beautifully renovated duplex is just a short walk to the sugar-white sands and nearby boat ramps, offering the perfect mix of beachside living and strong rental potential.Each side features 3 bedrooms and 2.5 baths, providing spacious comfort for residents or guests. Inside, you'll find a bright, open floorplan with flooring, cabinetry, appliances, and bathrooms redone

    Beth Christie Local Insight Realty

    6315 Hilltop Ave, Panama City, FL 32408
  • /72

    $2,700,000

    • 10 Beds
    • 6 Baths
    • 4,480 Sq Ft

    6006 Thomas Dr, Panama City Beach, FL 32408

    Incredible opportunity to own a newer construction duplex just across from the white sands of Panama City Beach. Built in 2017 and fully furnished, this property features two identical units, each offering 5 bedrooms, 3 full bathrooms, open-concept living and dining areas, and modern kitchens with granite countertops and stainless steel appliances. Each unit includes a first-floor bedroom, an

    Travis Mattair Innerscope Realty LLC

    6006 Thomas Dr, Panama City Beach, FL 32408
  • /21

    $669,000

    • 5 Beds
    • 3 Baths
    • 2,200 Sq Ft

    3717 Mystic St, Panama City, FL 32408

    NO HOA PUBLIC BOAT LAUNCH 3 PUBLIC BEACH ACCESSES 7,9, & 11. A short golf cart ride away or a leisurely stroll, Great potential for short term rentals, can sleep 10-12 guest for maximum rental income. Newly renovated offers a private backyard oasis, a spa pool on a an oversized deck, a firepit, and volleyball net with a shed to hold all of the beach goodies. New Stainless Kitchen Appliances with

    Jasmine Goins Gulf Life Real Estate Inc

    3717 Mystic St, Panama City, FL 32408
  • /2

    $1,199,000

    • 6 Beds
    • 6 Baths
    • 2,944 Sq Ft

    4113 Holiday Dr Unit 101,102,201,202, Panama City, FL 32408

    Incredible Income Opportunity Just One Block from the Beach!This renovated quadplex is a true gem, offering four updated units--each with its own washer and dryer hookups--and fully occupied by long-term tenants. Whether you're seeking reliable rental income, planning to live in one unit and lease out the others, or want to explore short-term rental potential, this property delivers exceptional

    Tracey Neudecker Coldwell Banker Realty

    4113 Holiday Dr Unit 101,102,201,202, Panama City, FL 32408
  • /57

    $1,300,000

    • 5 Beds
    • 4.5 Baths
    • 2,720 Sq Ft

    6722 S Lagoon Dr, Panama City, FL 32408

    **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

    Tammy Smith Epique Realty Inc

    6722 S Lagoon Dr, Panama City, FL 32408
  • /53

    $679,000

    • 5 Beds
    • 3 Baths
    • 2,509 Sq Ft

    3914 Ural St, Panama City, FL 32408

    Welcome to your perfect beach getaway! Conveniently located between the lagoon and the beach. This spacious FULLY FURNISHED 5 bedroom/3 bathroom home offers 2 houses in 1!! The main house (upstairs) is 4 bedroom/2 bath with a full downstairs appt with separate entrance offering 1 bedroom/1 bath. Live in one and rent out the other or rent both. This home features a beautifully updated living space

    Christina Daniels Keller Williams Success Realty

    3914 Ural St, Panama City, FL 32408
  • /38

    $999,900

    • 6 Beds
    • 8 Baths
    • 2,560 Sq Ft

    6606 Thomas Dr Unit A-B, P C Beach, FL 32408

    *SELLER FINANCING OPTION AVAILABLE*THE MOST DESIRABLE INVESTMENT ON THE MARKET - DUPLEX FOR SALE IN A PRIME LOCATION, PERFECT FOR SHORT-TERM RENTALS! SOLD AS TURNKEY INVESTMENT! Modern, stylish and READY TO GO - the duplex is located just 3-minute walk from the beach. Designed specifically for vacation rental, each side (Unit A & B) offers 3 bedrooms, 3.5 baths, a bunk bed area, and spacious

    Nikol Naydenova Beach Properties Realty

    6606 Thomas Dr Unit A-B, P C Beach, FL 32408
  • /22

    $1,280,000

    • 8 Beds
    • 4 Baths
    • 3,420 Sq Ft

    3908 Ocean View Dr, Panama City Beach, FL 32408

    ***INVESTORS***Spectacular and Modern ''Miami style'' Quadplex with Top-of-the-line finishes...4 Units (2Bed/1Bath each) in Panama City Beach currently producing $96k per year! Only a few steps from Beach access in the best side of town. perfect for Short-term rentals to increase the current income even more! The nicest Beachfront restaurants, Beach clubs, Shopping, Parks, convenience stores, and

    Milton Vergara Red Real Estate Associates, LL

    3908 Ocean View Dr, Panama City Beach, FL 32408
  • /32

    $2,389,000

    • 10 Beds
    • 10 Baths
    • 5,156 Sq Ft

    5237 Thomas Dr, Panama City, FL 32408

    Back on Market . Better then was before! Brand new 10 bedroom House : Casa Doppia Dell'alba Don't miss this exceptional opportunity to acquire a stunning duplex featuring two private heated ( natural gas heaters)pools with remote controls for Owner on the big fenced lot. This brand-new Duplex is strategically located and priced below appraisal value, offering an outstanding

    Vladimir Tamarovych Prok Invest LLC

    5237 Thomas Dr, Panama City, FL 32408
  • /74

    $1,375,000

    • 5 Beds
    • 4.5 Baths
    • 3,048 Sq Ft

    7028 Thomas Dr, P C Beach, FL 32408

    Calling all beach lovers! Perfect investment! New Construction! This custom home is conveniently located just steps from our white sugary beaches and beautiful emerald waters. Enjoy beautiful sunsets from open sundeck right off of the 2nd floor family room including wet bar with sink, ice maker and beverage cooler. Also featured on second floor you will find bunk room with full over full custom

    Shannon Williams Corcoran Reverie

    7028 Thomas Dr, P C Beach, FL 32408
  • /57

    $1,069,000

    • 8 Beds
    • 4 Baths
    • 3,072 Sq Ft

    5801&5803 Pinetree Ave Unit A, B, C & D, Panama City Beach, FL 32408

    Short-Term Rental Powerhouse | 8-Bedroom Duplex | 3 Blocks from the Beach!Investor's dream! This high-income producing, fully furnished 8-bedroom, 4-bathroom duplex is a short-term rental machine, located just three blocks from the sugar-white sands of Panama City Beach! This sale includes two parcels, 5801 & 5803 Pinetree. These units combined gross income for '24 was over 126k!!! Renovated in

    Christopher Jennings Bay to 30A Realty

    5801&5803 Pinetree Ave Unit A, B, C & D, Panama City Beach, FL 32408
  • /17

    $1,800,000

    • 6 Beds
    • 8 Baths
    • 4,116 Sq Ft

    4112 Snapper St, Panama City Beach, FL 32408

    Luxurious Coastal Duplex - Steps from the Beach!Welcome to your dream investment or personal getaway! This stunning newly built duplex offers the perfect blend of modern luxury and coastal charm, just steps from the sandy shores. Each side of this spacious retreat features:🏡 3 Bedrooms | 3.5 Bathrooms
🎮 Bonus Game Room with Built-in Full-Size Bunk Beds - Fun for All

    Alex Morris Dalton Wade Inc

    4112 Snapper St, Panama City Beach, FL 32408
  • /64

    $699,900

    • 5 Beds
    • 4 Baths
    • 2,204 Sq Ft

    3820 Treasure Cir, Panama City, FL 32408

    HUGE PRICE IMPROVEMENT! SELLER'S EXTREMELY MOTIVATED! Turn key property with a proven rental history and projections of $85K - 100K Two rental units, completely renovated. Sold fully furnished! A covered sitting area, swim spa, and gorgeous shower are part of the outdoor eperience. The studio apartment on the ground floor sleeps four, with a kitchenette, Murphy bed and sitting area. Upstairs

    Kay Blanchard Beachy Beach Real Estate

    3820 Treasure Cir, Panama City, FL 32408
  • /33

    $699,000

    • 5 Beds
    • 2.5 Baths
    • 2,088 Sq Ft

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

    ***SELLER WILL CONSIDER ALL OFFERS!*** 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! NOTE: THE GOOGLE STREET VIEW IS NOT THE CURRENT VIEW! This property has been upgraded and painted inside and out! SIDE A: MYSTIC SURF --3 BR, Sleeps 8

    January Johnson EXP Realty LLC

    3707 Mystic St A-B Unit A & B, Panama City, FL 32408
  • /60

    $699,000

    • 5 Beds
    • 2.5 Baths
    • 2,269 Sq Ft

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

    ***SELLER WILL CONSIDER ALL OFFERS!***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!NOTE: THE GOOGLE STREET VIEW IS NOT THE CURRENT VIEW! This property has been upgraded and painted inside and out! SIDE A: MYSTIC SURF--3 BR, Sleeps 8 - King, King,

    January Johnson EXP Realty LLC

    3707 Mystic St Unit A & B, Panama City Beach, FL 32408
  • /68

    $2,195,000

    • 5 Beds
    • 4 Baths
    • 3,079 Sq Ft

    7505 Thomas Dr Unit PH 121G, Panama City Beach, FL 32408

    RARE GULF-FRONT PENTHOUSE WITH PRIVATE POOL + EXPANSIVE TERRACE!Welcome to Penthouse 121G at 7505 Thomas Drive, a spacious first-floor residence in the highly regarded En Soleil Condominiums of Panama City Beach, FL. This fully furnished penthouse features five bedrooms, four en-suite bathrooms, and 3,079 square feet of interior living space. A 1,700-square-foot private Gulf-front terrace

    Veronica Johnson LPT Realty LLC

    7505 Thomas Dr Unit PH 121G, Panama City Beach, FL 32408

Home Trends in Lower Grand Lagoon, FL

Housing Trends

Median Sale Price
$315,000
Median Single Family Sale Price
$878,000
Average Price Per Sq Ft
$670
Number of Homes for Sale
2
Last 12 months Home Sales
5
Months of Supply
4.80
Median List Price
$888,500
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
-3%
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