32

Homes for Sale in Lower Grand Lagoon, FL with 5-Bedrooms

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  • /61

    $649,000

    • 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 counter space --Private Patio --Storage

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    January Johnson

    EXP Realty LLC

    (448) 233-3241

    3707 Mystic St Unit A & B, Panama City Beach, FL 32408
  • /146

    $1,750,000

    • 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

    (448) 202-7317

    5012 Gulf Dr Unit 1-4, Panama City, FL 32408
  • /58

    $1,850,000

    • 6 Beds
    • 4 Baths
    • 2,717 Sq Ft

    4116 Ocean St, Panama City, FL 32408

    ***PROVEN RENTAL INCOME OVER $175,000***

 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 together or a group of friends for a quick

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    January Johnson

    EXP Realty LLC

    (448) 448-0475

    4116 Ocean St, Panama City, FL 32408
  • /88

    $2,925,000

    • 6 Beds
    • 4.5 Baths
    • 2,920 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

    (850) 809-9691

    8205 Surf Dr, Panama City Beach, FL 32408
  • /71

    $3,150,000

    • 6 Beds
    • 6.5 Baths
    • 4,747 Sq Ft

    5936 Gulf Dr, Panama City Beach, FL 32408

    Set within the exclusive coastal enclave of Hadley's Beach, a thoughtfully planned community of just 20 residences, 5936 Gulf Drive offers a refined approach to modern beach living along the shores of Panama City Beach. With direct beach access just steps away, days unfold easily between the home and the turquoise waters and white sand shoreline that define this stretch of the Gulf. Completed in

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    Hilary Farnum-Fasth

    Corcoran Reverie SRB

    (448) 208-1863

    5936 Gulf Dr, Panama City Beach, FL 32408
  • /30

    $5,900,000 New Construction

    • 8 Beds
    • 7.5 Baths
    • 5,662 Sq Ft

    5935 Gulf Dr, Panama City Beach, FL 32408

    Set along the sugar-white shoreline of Panama City Beach, 5935 Gulf Drive presents a rare opportunity to own one of the limited Gulf-front residences within Hadley's Beach, an intimate community of just 20 homes. Only 10 of these residences enjoy a true Gulf-front setting, making this offering one of the final chances to secure a direct waterfront home in this thoughtfully designed enclave where

    Agent Photo

    Hilary Farnum-Fasth

    Corcoran Reverie SRB

    (448) 222-3301

    5935 Gulf Dr, Panama City Beach, FL 32408
  • /69

    $1,239,000

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

    7028 Thomas Dr, P C Beach, FL 32408

    A premier investment and luxury coastal retreat, this custom beach home is positioned just a short 5-minute walk from Public Beach Access 15 and the iconic emerald waters of Panama City Beach. Purposefully designed to host large groups, it sleeps up to 19 guests and delivers impressive rental projections exceeding $130,000 annually. The open main level showcases a gourmet kitchen with granite

    Kurt Fadden Legacy Premier Agency

    7028 Thomas Dr, P C Beach, FL 32408
  • /76

    $4,500,000

    • 7 Beds
    • 8.5 Baths
    • 4,715 Sq Ft

    8711 Surf Dr, Panama City, FL 32408

    $200K+ already booked for 2026 and projected to generate up to $400K annually, 'Above All' is a Gulf-front luxury beach house featuring 7 bedrooms, 8.5 baths, a Gulf-front pool, and parking for up to 9 vehicles with no HOA restrictions. Freshly styled with over $150,000 in brand-new designer furnishings, high-end accessories, custom window treatments, 12 smart TVs, and a 412-game arcade console,

    Christina Schlink Compass

    8711 Surf Dr, Panama City, FL 32408
  • /70

    $2,990,000 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

    Ashley Cutchins Miller & Associates Realty

    5940 Gulf Dr, Panama City Beach, FL 32408
  • /41

    $635,000

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

    6319 Hilltop Ave Unit A & B, Panama City, FL 32408

    Fully renovated duplex that has generated $107,000 in the past 12 months, just minutes from the beach, offering the perfect blend of lifestyle and investment potential. Located in a highly desirable area, you can walk or golf cart to the white sands & turquoise water beaches, coffee shops, restaurants, and local retail. Just 0.3 miles to a public boat ramp, making it perfect for enjoying both the

    Elizabeth Gant RE/MAX Coastal Properties

    6319 Hilltop Ave Unit A & B, Panama City, FL 32408
  • /27

    $579,900

    • 6 Beds
    • 3 Baths
    • 2,052 Sq Ft

    6218 Hilltop Ave Unit A,B,C, Panama City, FL 32408

    Great investment opportunity in the desirable South Lagoon area! This well-located triplex offers the ideal combination of coastal living and steady income potential, just a short stroll from the sugar-white sands and nearby boat ramps. Conveniently situated near Grand Lagoon and St. Andrews State Park, with easy access to charter fishing, marinas, and popular local dining, this property is

    Ricky Ingram Solis Real Estate of Florida

    6218 Hilltop Ave Unit A,B,C, Panama City, FL 32408
  • /39

    $690,000

    • 5 Beds
    • 2.5 Baths
    • 1,998 Sq Ft

    5701 Hilltop Ave, Panama City Beach, FL 32408

    Prime short-term rental opportunity in Panama City Beach! This 5-bedroom, 2.5-bath coastal-style home is ideally positioned for strong rental performance, just a short walk to beach access and minutes from a public boat ramp--an unbeatable combination for vacation guests.Designed with rentals in mind, the open-concept floor plan offers spacious living and dining areas that comfortably

    Melissa Haworth EXP Realty LLC

    5701 Hilltop Ave, Panama City Beach, FL 32408
  • /28

    $2,300,000

    • 7 Beds
    • 4 Baths
    • 3,451 Sq Ft

    4120 Nancee Dr, Panama City, FL 32408

    Experience refined coastal living in this ELEGANT MEDITERRANEAN-STYLE BEACH HOME, perfectly positioned just 75 FEET FROM THE SAND with GULF VIEWS FROM MULTIPLE BALCONIES. This THREE-STORY, 7 BEDROOM, 4 BATH residence was thoughtfully designed for both LUXURY LIVING AND HIGH-PERFORMING RENTAL INCOME, offering a seamless blend of sophistication, durability, and functionality. Inside, you'll find

    Makaila Parson Coastal Living Realty & Associates

    4120 Nancee Dr, Panama City, FL 32408
  • /15

    $529,900

    • 5 Beds
    • 3 Baths
    • 1,950 Sq Ft

    5225 Long John Dr, Panama City, FL 32408

    Discover the potential of this unique quadplex property situated on a spacious lot with a convenient circular driveway that easily accommodates six vehicles. Perfectly positioned near the beautiful Emerald Coast, marinas, and local waterfront attractions, this property offers both immediate rental income potential and exciting possibilities for future expansion. Currently configured as a

    Danielle Parsons LPT Realty LLC

    5225 Long John Dr, Panama City, FL 32408
  • /57

    $795,000

    • 5 Beds
    • 6 Baths
    • 2,919 Sq Ft

    5218 Beach Dr, Panama City, FL 32408

    Attention investors! Income-producing triplex just a short walk to the beach in PCB (4 min walk to Schooners). Perfect for short-term rentals, vacation stays, or long-term tenants. Properties this close to the sand rarely hit the market--strong rental potential and multiple income streams! A - 1 bed + loft, 2 baths. B - 2 bed, 2 bath. C - 2 bed, 2 bath.

    Viola Zhuravel Fun Quest Vacation Rentals Corp

    5218 Beach Dr, Panama City, FL 32408
  • /57

    $1,650,000

    • 6 Beds
    • 4 Baths
    • 2,760 Sq Ft

    6716 Gulf Dr, Panama City, FL 32408

    Prime Gulf-View Coastal RetreatPerfect vacation rental, second home, or permanent residence, directly across from private Beach Access #13 in an exclusive neighborhood blending year-round residents, luxury retreats, and elite rentals. This 6BR/4BA block home with HardieBoard siding spans 2,700+ sq ft, sleeps 18 comfortably, and delivers turnkey rental income. Open-Concept Luxury

    Joan Altenpohl Coastal Real Estate Group, Inc

    6716 Gulf Dr, Panama City, FL 32408
  • /65

    $2,200,000

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

    6006 Thomas Dr, Panama City Beach, FL 32408

    Gulf View! Fully Furnished Duplex! 10BR/6BA! Rental Projections $300K+ Built in 2017 and fully furnished, this exceptional Panama City Beach duplex offers two identical 5 bedroom, 3 bathroom units just steps from public beach access and the white sands of the Gulf. Each unit features open-concept living, granite countertops, stainless steel appliances, luxury vinyl plank flooring, and a light

    Travis Mattair Innerscope Realty LLC

    6006 Thomas Dr, Panama City Beach, FL 32408
  • /68

    $2,200,000

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

    6006 Thomas Dr Unit 2 Units, Panama City Beach, FL 32408

    Gulf View! Fully Furnished Duplex! 10BR/6BA! Rental Projections $300K+ Built in 2017 and fully furnished, this exceptional Panama City Beach duplex offers two identical 5 bedroom, 3 bathroom units just steps from public beach access and the white sands of the Gulf. Each unit features open-concept living, granite countertops, stainless steel appliances, luxury vinyl plank flooring, and a light

    Travis Mattair Innerscope Realty LLC

    6006 Thomas Dr Unit 2 Units, Panama City Beach, FL 32408
  • /69

    $2,200,000

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

    6006 Thomas Dr, Panama City Beach, FL 32408

    Gulf View! Fully Furnished Duplex! 10BR/6BA! Rental Projections $300K+ Built in 2017 and fully furnished, this exceptional Panama City Beach duplex offers two identical 5 bedroom, 3 bathroom units just steps from public beach access and the white sands of the Gulf. Each unit features open-concept living, granite countertops, stainless steel appliances, luxury vinyl plank flooring, and a light

    Travis Mattair Innerscope Realty LLC

    6006 Thomas Dr, Panama City Beach, FL 32408
  • /33

    $725,000

    • 5 Beds
    • 3 Baths
    • 2,280 Sq Ft

    6118 Pinetree Ave, Panama City, FL 32408

    Investor Ready Multi-Income Beachside Property Steps from the Sand This completely renovated 5 bedroom plus 2 bunkroom, tri-level property with lockout capability is a rare income-producing opportunity just four short blocks straight back from Beach Access 12. Whether rented as three separate units or one large retreat, this setup is built for maximum flexibility, occupancy, and returns. Fully

    Sandi Smith Dalton Wade Inc

    6118 Pinetree Ave, Panama City, FL 32408
  • /54

    $4,490,000

    • 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 2026! 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

    Fred Thomas Beach Time Realty, Inc

    5409 Gulf Dr, Lower Grand Lagoon, FL 32408
  • /50

    $579,900

    • 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
  • /22

    $1,274,800

    • 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,

    Milton Vergara Red Real Estate Associates, LL

    3908 Ocean View Dr, Panama City Beach, FL 32408
  • /56

    $648,000

    • 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

    Beth Christie Local Insight Realty

    6315 Hilltop Ave, Panama City, FL 32408
  • /37

    $1,545,000

    • 5 Beds
    • 3 Baths
    • 2,288 Sq Ft

    8312 Surf Dr, Panama City, FL 32408

    Coastal luxury without the gulf front pricing. It is located directly across the street from the Gulf with a large pool and outdoor area. Surf Drive is a short unique street in PCB. It is only a mile long so there is not much traffic. This house is in an upscale area with many large gulf front houses within the block. This beautiful home was completely updated in 2024 and 2025. The large pool

    Roger Faulk Lifes A Beach Real Estate, LLC

    8312 Surf Dr, Panama City, FL 32408
  • /70

    $1,299,900

    • 7 Beds
    • 4.5 Baths
    • 2,800 Sq Ft

    6324 Sunset Ave, Lower Grand Lagoon, FL 32408

    Ultimate luxury and privacy await at 6324 Sunset Avenue in Panama City Beach! This stunning estate boasts a fully furnished ready to to go 5-bedroom 3.5 baths main house and a charming 2-bedroom 1 bath guesthouse with its own separate entrances fenced with rarely finded SOLID CONCRETE FENCE and planty of parking space. Just 0.2 miles or 5minutes walk from the beach, this property is a true

    Anna Borodkin Bay to 30A Realty

    6324 Sunset Ave, Lower Grand Lagoon, FL 32408
  • /38

    $975,000

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

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

    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 open-concept living area. Each unit can

    Mari-Nikol Naydenova Beach Properties Realty

    6606 Thomas Dr Unit A-B, P C Beach, FL 32408
  • /96

    $2,270,000 New Construction

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

    5237 Thomas Dr Unit A&B, Panama City, FL 32408

    Back on Market . Better then was before! Brand new 10 bedroom House . Turn key vacation rental business! Don't miss this exceptional opportunity to acquire a fully furnished stunning duplex featuring two private heated ( natural gas heaters)pools with remote controls for Owner on the big fenced lot separated by media fence for privacy for each duplex half . This brand-new House is strategically

    Vladimir Tamarovych Prok Invest LLC

    5237 Thomas Dr Unit A&B, Panama City, FL 32408
  • /9

    $1,823,900 New Construction

    • 8 Beds
    • 10 Baths
    • 4,690 Sq Ft

    5231 Thomas Dr, Panama City, FL 32408

    NO RENTAL RESTRICTIONS!!! This limited collection of vacation homes offers an exceptional opportunity to own in one of the area's most sought-after locations -- literally across the street from the sugar-white sands and shimmering Gulf waters.Each home showcases spacious, open-concept designs with 4 bedrooms, 4.5 baths, and a bunk room. Enjoy high-end finishes, stylish coastal architecture,

    Whitney Moore TH Coastal Realty

    5231 Thomas Dr, Panama City, FL 32408
  • /17

    $1,600,000 New Construction

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

    4112 Snapper St, Panama City Beach, FL 32408

    Updated photos coming soon! 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

    Alex Morris Dalton Wade Inc

    4112 Snapper St, Panama City Beach, FL 32408
  • /67

    $3,200,000 New Construction

    • 6 Beds
    • 6.5 Baths
    • 3,969 Sq Ft

    5928 Gulf Dr, Panama City, FL 32408

    CONTACT LISTING AGENT TO DISCUSS NEW HUGE SELLER INCENTIVES BEING OFFERED. Welcome to Hadley Beach''. This newly constructed home showcases 6-bedrooms, 6.5-bathrooms with high-end finishes and custom touches throughout. The open-concept kitchen features elegant fixtures and high end applicances. The floor flows seamlessly with a master bedroom configuration on the 1st floor. A spacious living

    BRYAN KIEFER Holiday Beach Real Estate Inc

    5928 Gulf Dr, Panama City, FL 32408
  • /27

    $599,000 Pre-Foreclosure

    • 5 Beds
    • 4 Baths
    • 2,365 Sq Ft

    3820 Treasure Cir, Panama City, FL 32408

    **REDUCED** SHORT SALE OPPORTUNITY-- Prime Panama City Beach Location! Unlock the potential of this spacious, multi-level beach home zoned for short-term rentals. The ground level offers a private-entry studio apartment with full kitchen and bath, perfect for guests or rental income.The main residence comfortably sleeps 10 and features two primary suites with ensuite baths, open-concept

    Denise Quintana Anchor Realty Florida

    3820 Treasure Cir, Panama City, FL 32408

Home Trends in Lower Grand Lagoon, FL

Housing Trends

Median Sale Price
$878,000
Median Single Family Sale Price
$878,000
Average Price Per Sq Ft
$564
Number of Homes for Sale
3
Last 12 months Home Sales
2
Months of Supply
18.00
Median List Price
$899,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-66%
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