Lower Grand Lagoon, FL Homes

• 

  

  

  /62

  $1,195,000

  $3K PRICE DROP

  • 4 Beds
  • 3.5 Baths
  • 2,453 Sq Ft

  5416 Gulf Dr, Panama City, FL 32408

  Luxury Gulf-View STR Investment Retreat with a Private Pool & 20 steps to Beach access. Opportunities this close to the Gulf with this level of walkability, capacity, and rental appeal are limited. Prime Location. High STR Demand. Direct Gulf access with Private Pool. Investment-Grade Coastal Living. This is as close as you get to having the BEST of the BEST compared to any other. This

  Shelly Callaway CENTURY 21 Ryan Realty Inc

  5416 Gulf Dr, Panama City, FL 32408
• 

  

  /2

  $180,000

  Sold Jan 14, 2026

  00 Crescent Dr, Panama City Beach, FL 32408

  • Land
  • 4,791 Sq Ft
  • $1,636,364 per Acre

  Last Sold Summary

  • 16% Above List Price

  Current Estimated Value $258,000

  Last Listing Agent Darrell Turner Counts Real Estate Group Inc

  00 Crescent Dr, Panama City Beach, FL 32408
• 

  

  

  /29

  Est $369,378

  Not Listed For Sale

  5801 Thomas Dr Unit 1022, Panama City Beach, FL 32408

  • 1 Bed
  • 2 Baths
  • 916 Sq Ft
  • Built 1975

  5801 Thomas Dr Unit 1022, Panama City Beach, FL 32408

  Last Sold Summary

  • 33 Days On Market
• 

  

  

  /46

  $549,000

  $101K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,150 Sq Ft

  8706 Surf Dr Unit A, Panama City, FL 32408

  Directly across the street from the Gulf, this 2 bedroom, 2 bathroom townhome offers quick beach access, Gulf views, and updates that help reduce near-term maintenance. Two public beach access points are nearby, and the home is being sold fully furnished, making it a practical option for personal use, a second home, or rental use. For buyers exploring added rental flexibility, the neighboring

  Christina Schlink Compass

  8706 Surf Dr Unit A, Panama City, FL 32408
• 

  

  

  /52

  $450,000

  Sold Aug 14, 2025

  7201 Sunset Ave, Panama City, FL 32408

  • 3 Beds
  • 2 Baths
  • 1,088 Sq Ft
  • Built 1980

  Last Sold Summary

  • 3% Below List Price
  • $414/SF
  • 18 Days On Market

  Current Estimated Value $428,079

  Last Listing Agent Laina Dillman Lifes A Beach Real Estate, LLC

  7201 Sunset Ave, Panama City, FL 32408
• 

  

  /25

  Est $389,137

  Not Listed For Sale

  5801 Thomas Dr Unit 805, Panama City Beach, FL 32408

  • 1 Bed
  • 2 Baths
  • 916 Sq Ft
  • Built 1982

  5801 Thomas Dr Unit 805, Panama City Beach, FL 32408

  Last Sold Summary

  • 21 Days On Market
• 

  

  /57

  $1,899,000

  $100K PRICE INCREASE

  • 3 Beds
  • 2 Baths
  • 1,296 Sq Ft

  5903 Gulf Dr, Panama City, FL 32408

  Gulf Front | Rare Deeded Land to the Water's Edge | No HOA! Welcome to The Palapa House, a Gulf-front residence positioned directly on the sugar-white sands of the Gulf of America, with deeded ownership extending to the water's edge. Fewer than 7% of Gulf-front parcels in Panama City Beach offer this level of private beachfront ownership, making opportunities like this exceptionally rare.

  Jacquelyn Gore simpliHOM

  5903 Gulf Dr, Panama City, FL 32408
• 

  

  /23

  $469,000

  Sold Jan 09, 2026

  7205 Thomas Dr Unit E-905, Panama City Beach, FL 32408

  • 2 Beds
  • 2 Baths
  • 1,050 Sq Ft
  • Built 1985

  Last Sold Summary

  • 4% Below List Price
  • $447/SF
  • 26 Days On Market

  Last Listing Agent Cindy Armstrong Karr Berkshire Hathaway HomeServices Beach Properties of Florida

  7205 Thomas Dr Unit E-905, Panama City Beach, FL 32408
• 

  

  /24

  Est $434,176

  Not Listed For Sale

  5801 Thomas Dr Unit 911, Panama City Beach, FL 32408

  • 2 Beds
  • 2 Baths
  • 1,144 Sq Ft
  • Built 1975

  5801 Thomas Dr Unit 911, Panama City Beach, FL 32408

  Last Sold Summary

  • 6 Days On Market
• 

  

  /42

  $499,000

  • 2 Beds
  • 2 Baths
  • 864 Sq Ft

  2 Dolphin Ln, Panama City Beach, FL 32408

  Calling all beach lovers!! Check out this stunning 2-bedroom, 2 bath home with bunkroom/bonus room possibilities. This special location in the resort affords you extra parking spots behind the home, making parking a breeze and access to the home and beach super easy! Seller has added new hurricane windows, HVAC system, microwave and Hardi board siding to the front of the home. Roof is 2019 as

  David & Kelli Sims Sims Resort Realty, Inc

  2 Dolphin Ln, Panama City Beach, FL 32408
• 

  

  /31

  $420,000

  Sold Mar 27, 2026

  5403 S Lagoon Dr, Panama City, FL 32408

  • 3 Beds
  • 2 Baths
  • 1,648 Sq Ft
  • Built 1978

  Last Sold Summary

  • 2% Below List Price
  • $255/SF
  • 23 Days On Market

  Current Estimated Value $426,311

  Last Listing Agent Natalie Ryan CENTURY 21 Ryan Realty Inc

  5403 S Lagoon Dr, Panama City, FL 32408
• 

  

  /47

  Est $834,395

  Not Listed For Sale

  5801 Thomas Dr Unit 1407, Panama City Beach, FL 32408

  • 4 Beds
  • 2 Baths
  • 2,184 Sq Ft
  • Built 1982

  5801 Thomas Dr Unit 1407, Panama City Beach, FL 32408

  Last Sold Summary

  • 2 Days On Market
• 

  

  /51

  $499,000

  • 2 Beds
  • 2 Baths
  • 770 Sq Ft

  20 Gulf Dr, Panama City Beach, FL 32413

  Welcome to your slice of paradise! This beautiful 2-bedroom, 2-bath beach cottage offers the perfect blend of coastal style and modern comfort, located just steps from the Gulf of Mexico and Grand Lagoon. Step inside to find a bright, open living area filled with natural light, vaulted ceilings, and coastal-inspired finishes throughout. The spacious kitchen features custom wood cabinetry,

  David & Kelli Sims Sims Resort Realty, Inc

  20 Gulf Dr, Panama City Beach, FL 32413
• 

  

  /41

  $450,000

  Sold Sep 09, 2025

  7205 Thomas Dr Unit 1704, Panama City Beach, FL 32408

  • 2 Beds
  • 2 Baths
  • 1,289 Sq Ft
  • Built 1985

  Last Sold Summary

  • 10% Below List Price
  • $349/SF
  • 171 Days On Market

  Current Estimated Value $526,283

  Last Listing Agent Edgar Barnette Bright Realty Solutions

  7205 Thomas Dr Unit 1704, Panama City Beach, FL 32408
• 

  

  /17

  Est $425,996

  Not Listed For Sale

  5801 Thomas Dr Unit 511, Panama City Beach, FL 32408

  • 2 Beds
  • 2 Baths
  • 1,144 Sq Ft
  • Built 1982

  5801 Thomas Dr Unit 511, Panama City Beach, FL 32408

  Last Sold Summary

  • 21 Days On Market
• 

  

  /45

  $459,000

  $16K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,024 Sq Ft

  92 Gulf Loop, Panama City, FL 32408

  Great opportunity to own in highly sought-after Venture Out. This beautiful 3 bedroom, 2 bath home has a great layout and the home flows perfectly from room to room. Nice size kitchen with stainless steel appliances and solid surface countertops. You will love the size of each bedroom here. They are large and make accommodating guests a breeze.! Rentals are on the books for 2025! Venture Out is a

  David & Kelli Sims Sims Resort Realty, Inc

  92 Gulf Loop, Panama City, FL 32408
• 

  

  /25

  $433,000

  Sold Dec 05, 2025

  7205 Thomas Dr Unit D205, Panama City, FL 32408

  • 2 Beds
  • 2 Baths
  • 1,050 Sq Ft
  • Built 1982

  Last Sold Summary

  • 21% Below List Price
  • $412/SF
  • 132 Days On Market

  Current Estimated Value $429,836

  Last Listing Agent Jeff Nauman Think Real Estate

  7205 Thomas Dr Unit D205, Panama City, FL 32408
• 

  

  /30

  Est $563,547

  Not Listed For Sale

  5801 Thomas Dr Unit 501, Panama City Beach, FL 32408

  • 3 Beds
  • 2 Baths
  • 1,560 Sq Ft
  • Built 1982

  5801 Thomas Dr Unit 501, Panama City Beach, FL 32408

  Last Sold Summary

  • 1 Day On Market
• 

  

  /68

  $899,000

  • 3 Beds
  • 3 Baths
  • 1,744 Sq Ft

  6415 Thomas Dr Unit 502, Panama City, FL 32408

  Are you looking for a 1744 sq ft. condo with a 1 Car Garage......HERE IT IS!!! Experience coastal luxury in this stunning 3-bedroom, 3-bath gulf-front condo located on the 5th floor of the highly sought-after Princess Condo. This spacious and open floor plan is designed for both comfort and breathtaking views, featuring an updated kitchen that flows seamlessly into the living and dining areas.

  Victoria Haley Counts Real Estate Group Inc

  6415 Thomas Dr Unit 502, Panama City, FL 32408
• 

  

  /38

  $385,000

  Sold May 22, 2025

  6905 Thomas Dr Unit 809, Panama City, FL 32408

  • 1 Bed
  • 2 Baths
  • 835 Sq Ft
  • Built 1983

  Last Sold Summary

  • 10% Below List Price
  • $461/SF
  • 367 Days On Market

  Current Estimated Value $379,246

  Last Listing Agent Shellie Watson Keller Williams Success Realty

  6905 Thomas Dr Unit 809, Panama City, FL 32408
• 

  

  /29

  Not Listed For Sale

  682 Sea Otter Dr, Panama City Beach, FL 32408

  • 2 Beds
  • 1 Bath
  • 788 Sq Ft
  • Built 1976

  682 Sea Otter Dr, Panama City Beach, FL 32408

  Last Sold Summary

  • 22 Days On Market
• 

  

  /34

  $239,500

  $20K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 656 Sq Ft

  3600 Thomas Dr Unit D103, Panama City, FL 32408

  Enjoy the best of costal living in this Lagoon front 1BR/1BA condo. Perfectly positioned on the lagoon with direct access to the Gulf of Mexico. Residents have access to a dock where you can park your boat, plus on-site boat storage for owners. This prime location puts you walking distance to the beach, popular restaurants, and nightlife, directly across the street from the marina that offers

  Clint Furney Anchor Realty Florida

  3600 Thomas Dr Unit D103, Panama City, FL 32408
• 

  

  /46

  $825,000

  Sold May 19, 2026

  5004 Thomas Dr Unit 112, Panama City, FL 32408

  • 3 Beds
  • 2 Baths
  • 1,950 Sq Ft
  • Built 2005

  Last Sold Summary

  • 8% Below List Price
  • $423/SF
  • 41 Days On Market

  Current Estimated Value $892,429

  Last Listing Agent Mary Tisdale Keller Williams Realty Emerald

  5004 Thomas Dr Unit 112, Panama City, FL 32408
• 

  

  /52

  Est $948,273

  Not Listed For Sale

  7505 Thomas Dr Unit 622B, Panama City Beach, FL 32408

  • 2 Beds
  • 2 Baths
  • 1,695 Sq Ft
  • Built 2002

  7505 Thomas Dr Unit 622B, Panama City Beach, FL 32408

  Last Sold Summary

  • 8 Days On Market
• 

  

  /43

  $439,000

  • 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
• 

  

  /32

  $1,059,000

  Sold Sep 24, 2025

  5801 Thomas Dr Unit 1414, Panama City Beach, FL 32408

  • 3 Beds
  • 3 Baths
  • 3,227 Sq Ft
  • Built 1975

  Last Sold Summary

  • $328/SF
  • 118 Days On Market

  Current Estimated Value $1,014,889

  Last Listing Agent Larell Paradise Christies International Real Estate Emerald Coast

  5801 Thomas Dr Unit 1414, Panama City Beach, FL 32408
• 

  

  /32

  Est $446,199

  Not Listed For Sale

  5801 Thomas Dr Unit 616, Panama City Beach, FL 32408

  • 2 Beds
  • 2 Baths
  • 1,144 Sq Ft
  • Built 1975

  5801 Thomas Dr Unit 616, Panama City Beach, FL 32408

  Last Sold Summary

  • 50 Days On Market
• 

  

  /27

  $279,000

  $21K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 696 Sq Ft

  161 Gulf Dr, Panama City, FL 32408

  Located in the gated, golf-cart-friendly Venture Out community, This 1 bedroom, 1 bathroom property offers an exceptional coastal lifestyle with great rental potential. Residents enjoy resort-style amenities including a brand-new pavilion, both bay and beach swimming pools, fishing dock, tennis courts, and more. The efficient, low-maintenance layout makes this unit ideal as a full-time residence,

  Cherie Alexander Counts Real Estate Group Inc

  161 Gulf Dr, Panama City, FL 32408
• 

  

  /63

  $370,000

  Sold Dec 23, 2025

  5801 Thomas Dr Unit 203, Panama City, FL 32408

  • 3 Beds
  • 2 Baths
  • 1,352 Sq Ft
  • Built 1982

  Last Sold Summary

  • 18% Below List Price
  • $274/SF
  • 124 Days On Market

  Current Estimated Value $381,819

  Last Listing Agent Alice De La Penha Coldwell Banker Realty

  5801 Thomas Dr Unit 203, Panama City, FL 32408
• 

  /2

  Est $522,679

  Not Listed For Sale

  5801 Thomas Dr Unit 726, Panama City Beach, FL 32408

  • 3 Beds
  • 2 Baths
  • 1,560 Sq Ft
  • Built 1975

  5801 Thomas Dr Unit 726, Panama City Beach, FL 32408

  Last Sold Summary
• 

  

  /45

  $549,000

  $101K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,150 Sq Ft

  8706 Surf Dr Unit B, Panama City, FL 32408

  Directly across the street from the Gulf, this 2 bedroom, 2 bathroom townhome offers quick beach access, Gulf views, and updates that help reduce near-term maintenance. Two public beach access points are nearby, and the home is being sold fully furnished, making it a practical option for personal use, a second home, or rental use. For buyers exploring added rental flexibility, the neighboring

  Christina Schlink Compass

  8706 Surf Dr Unit B, Panama City, FL 32408
• 

  

  /17

  $150,000

  Sold Sep 30, 2025

  4114 Holiday Dr Unit 8, Panama City, FL 32408

  • 1 Bath
  • 400 Sq Ft
  • Built 1984

  Last Sold Summary

  • 23% Below List Price
  • $375/SF
  • 2 Days On Market

  Current Estimated Value $150,338

  Last Listing Agent Elaine Fenster Coastal Palms Real Estate

  4114 Holiday Dr Unit 8, Panama City, FL 32408
• 

  

  /69

  Est $1,235,045

  Not Listed For Sale

  7505 Thomas Dr Unit 821A, Panama City Beach, FL 32408

  • 3 Beds
  • 3 Baths
  • 2,316 Sq Ft
  • Built 2002

  7505 Thomas Dr Unit 821A, Panama City Beach, FL 32408

  Last Sold Summary

  • 77 Days On Market
• 

  

  /59

  $1,540,000

  $50K PRICE DROP

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

  8213 Surf Dr, Panama City, FL 32408

  LOCATION IS EVERYTHING! Home is across the street from Beachwalk 19. You can be on the sand in one minute from the time you leave the driveway. The only thing that would be better is to be Gulf front and that would cost $Millions more. This home is in a very upscale area with many large gulf front houses within a block. This beautiful home was completely redone two years ago. All of the ceilings

  Roger Faulk Lifes A Beach Real Estate, LLC

  8213 Surf Dr, Panama City, FL 32408
• 

  

  /63

  $340,000

  Sold Nov 17, 2025

  82 Gulf Loop, Panama City, FL 32408

  • 3 Beds
  • 2 Baths
  • 916 Sq Ft
  • Built 1979

  Last Sold Summary

  • 15% Below List Price
  • $371/SF
  • 10 Days On Market

  Last Listing Agent David & Kelli Sims Sims Resort Realty, Inc

  82 Gulf Loop, Panama City, FL 32408
• 

  

  /51

  Est $438,336

  Not Listed For Sale

  5801 Thomas Dr Unit 512, Panama City Beach, FL 32408

  • 2 Beds
  • 2 Baths
  • 1,144 Sq Ft
  • Built 1982

  5801 Thomas Dr Unit 512, Panama City Beach, FL 32408

  Last Sold Summary

  • 15 Days On Market
• 

  

  /20

  $349,000

  $96K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,120 Sq Ft

  5725 Sunset Ave, Panama City, FL 32408

  Seller ready to SELL, all offers will be considered. Welcome to your perfect slice of paradise in Panama City Beach! This 3 bed 1 bath home is ideally located just three blocks from the stunning white sands and emerald waters of the Gulf of Mexico. Built in 1972 and nestled in an established, friendly neighborhood, this property offers the ideal blend of vintage charm and beachside

  Renee Redfern Think Real Estate

  5725 Sunset Ave, Panama City, FL 32408
• 

  

  /58

  $860,000

  Sold Jan 30, 2026

  6807 Sunset Ave, Panama City, FL 32408

  • 4 Beds
  • 2.5 Baths
  • 2,106 Sq Ft
  • Built 2021

  Last Sold Summary

  • 4% Below List Price
  • $408/SF
  • 17 Days On Market

  Current Estimated Value $852,068

  Last Listing Agent Justin Cater LLC EXP Realty LLC

  6807 Sunset Ave, Panama City, FL 32408
• 

  

  /29

  Est $489,870

  Not Listed For Sale

  5801 Thomas Dr Unit 824, Panama City Beach, FL 32408

  • 3 Beds
  • 2 Baths
  • 1,352 Sq Ft
  • Built 1975

  5801 Thomas Dr Unit 824, Panama City Beach, FL 32408

  Last Sold Summary

  • 2 Days On Market
• 

  

  /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

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