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Lower Grand Lagoon, FL Multifamily Homes & Duplexes for Sale

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  • /50

    $327,500

    • 2 Beds
    • 2 Baths
    • 1,264 Sq Ft

    5504 Hilltop Ave Unit E, Panama City, FL 32408

    Beautifully Updated Single-Story attached single family home just steps from the Beach!Located just 0.3 miles from the stunning white sandy beaches, this spacious 2-bedroom, 2-bath attached single-family home offers the perfect blend of comfort, convenience, and coastal living.Enjoy peace of mind with numerous recent updates, including:New architectural shingle roof 2019, decking, insulation, and

    Agent Photo

    Scott Seidler - TheConnectionTeam

    Keller Williams Success Realty

    (850) 783-2748

    5504 Hilltop Ave Unit E, Panama City, FL 32408
  • /37

    $435,000

    • 3 Beds
    • 2 Baths
    • 1,610 Sq Ft

    3915 Wasp St, Panama City, FL 32408

    $50,000 PRICE REDUCTION!!!Start Earning Today - Unbelievable Investment Opportunity!Seize this fantastic chance to own a recently updated duplex located just steps away from our stunning sugary sand beaches!**Unit A:**2 bedrooms 1 bathroom Bonus area**Unit B:** 1 bedroom 1 bathroom The adaptable floor plan allows you to merge both units into a spacious 3-bedroom, 2-bath home with bonus

    Agent Photo

    Trina Causley

    Keller Williams Success Realty

    (850) 655-0644

    3915 Wasp St, Panama City, FL 32408
  • /27

    $485,000

    • 4 Beds
    • 2 Baths
    • 1,680 Sq Ft

    5900 Sunset Ave, Panama City, FL 32408

    Great Investment Property! Close to beach! Short Term Rentals Allowed. One A/C replaced 2021, the other one in 2017. 2017 Roof replaced. Owner uses Unit A for personal vacation use. Long term tenant in Unit B who pays month to month.

    Vera Henson

    Beach Haven Realty

    (850) 660-3533

    5900 Sunset Ave, Panama City, 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

    Agent Photo

    Fred Thomas

    Beach Time Realty, Inc

    (850) 970-7174

    8219 Surf Dr Unit 1 and 2, Panama City, FL 32408
  • /44

    $439,000

    • 4 Beds
    • 2 Baths
    • 1,550 Sq Ft

    7420 Sunset Ave Unit A&B, Panama City, FL 32408

    PRICE REDUCTION!!!! INVESTORS, GET READY TO CASH IN FROM DAY ONE! A golden opportunity is knocking! Just 2 blocks from the beach and boat launch, this gem has zero HOA fees - extra cash flow! This fabulous duplex is a double delight, featuring two beautiful units, each with 2 cozy bedrooms and 1 bathroom. Fully revamped and ready to impress, it comes new A/C, appliances, furniture, and a hot

    Agent Photo

    Trina Causley

    Keller Williams Success Realty

    (850) 446-5930

    7420 Sunset Ave Unit A&B, Panama City, FL 32408
  • /56

    $689,000

    • 4 Beds
    • 4 Baths
    • 2,380 Sq Ft

    6328 Beach Dr, Panama City, FL 32408

    Welcome to 6326/6328 Beach Drive, a rare beachside duplex located just one block from the sugar-white sands of Panama City Beach. This incredible income-producing opportunity offers two spacious units, each with 2 bedrooms and 2 bathrooms, perfect for short-term rentals, long-term tenants, or a personal residence with built-in income potential. Whether you're looking for a smart fix-and-flip, a

    Nicole Ludwig EXP Realty LLC

    6328 Beach Dr, Panama City, FL 32408
  • /22

    $345,000

    • 2 Beds
    • 2 Baths
    • 1,028 Sq Ft

    5500 Sunset Ave Unit A, Panama City, FL 32408

    Welcome to Your New Favorite Getaway in Panama City Beach. Step into a coastal retreat that feels more like a home than a rental. This 2-bedroom, 2-bath duplex with NO HOA offers the perfect mix of comfort, charm, and convenience—just a quarter mile from the sugar-white sands of Panama City Beach. Whether you're here to unwind, explore, or make family memories, this thoughtfully curated space is

    Hunter Denton RE/MAX by the Sea

    5500 Sunset Ave Unit A, 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 Open Sun 1PM - 3:30PM

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

    6006 Thomas Dr, Panama City Beach, FL 32408

    Open House! Sunday 08/3/2025Incredible 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

    Travis Mattair Innerscope Realty LLC

    6006 Thomas Dr, Panama City Beach, FL 32408
  • /41

    $632,000

    • 2 Beds
    • 2 Baths
    • 1,536 Sq Ft

    4120 Nova St Unit E & F, Panama City, FL 32408

    🚨 DEAL ALERT on the east end of PCB! 🚨4120 Nova St features TWO fully furnished, rental-ready units--each with 2 bedrooms, 1 bathroom, and enough space to comfortably sleep 6. Whether you're thinking vacation rental, long-term tenants, or a personal beach getaway with income potential, this one checks all the boxes.📈 Rental projections range from $78,900 to $102,500

    Michele Monastra Epique Realty Inc

    4120 Nova St Unit E & F, 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
  • /23

    $450,000

    • 4 Beds
    • 2 Baths
    • 1,600 Sq Ft

    5432-5434 Sunset, Panama City, FL 32408

    So many possibilities with this quaint duplex located just blocks from the beautiful emerald waters and sandy beaches of the gulf. Currently, both sides are leased to long-term tenants. Great income producing for investors. Live in one side and rent out the other. Make both sides short-term rental or have one side STR and the other side LTR. The roof was replaced 3 years ago and the windows

    Scott Zeller Coldwell Banker Realty

    5432-5434 Sunset, 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
  • /16

    $599,000

    • 4 Beds
    • 2 Baths
    • 1,544 Sq Ft

    5705 Beach Dr, Panama City, FL 32408

    Just blocks from the beach, this delightful duplex at 5705 & 5707 Beach Dr in Panama City Beach offers coastal charm and versatility. Built in 1999, each 2-bed, 1-bath unit spans 844 sq.ft. with an open layout, L-shaped kitchen, and cozy breakfast nook. Enjoy private backyards--one providing a gas fire pit area and trellised lounge area--plus paved off-street parking for two for each unit in

    Moe Mossa Savvy Avenue LLC

    5705 Beach Dr, Panama City, FL 32408
  • /38

    $414,500

    • 4 Beds
    • 2 Baths
    • 1,344 Sq Ft

    5607 Sunset Ave, Panama City Beach, FL 32408

    Walk to the Beach. Own a Duplex. Live or Invest in Both.This is the best-valued duplex on the east end--just steps from the Gulf and the Lagoon. Whether you're looking to live in one side, rent both, or furnish for STRs, this property is a rare chance to own two income-producing units in a prime coastal location.Each side offers 2 beds, 1 bath, private entry, and parking. No HOA, no flood zone,

    Maggie Fowler Lifes A Beach Real Estate, LLC

    5607 Sunset Ave, Panama City Beach, 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
  • /6

    $449,000

    • 4 Beds
    • 4 Baths
    • 1,720 Sq Ft

    6224 Sunset Ave, Panama City Beach, FL 32408

    Investors, this is your chance to own a duplex on the beach. Rent both sides or live in one side and rent the other side. No HOA fees and short term rentals allowed. Both units are currently leased at $1,500 a month respectively and leases expire in August. Each unit has the following; two bedrooms; two baths; living room; kitchen, interior laundry closet, etc. Property has parking for four

    Joan Altenpohl Coastal Real Estate Group, Inc

    6224 Sunset Ave, 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
  • /6

    $550,000

    • 4 Beds
    • 4 Baths
    • 2,040 Sq Ft

    6518 Beach Dr, Panama City, FL 32408

    Great investment opportunity only 1-block to the beach. Perfect corner location close to beach access. This up/down duplex will make a perfect opportunity for either short-term vacation rental or long term rentals.The upstairs portion contains 2-Bedroom and 2-Baths with 1,080 sq.ft. of living area. There is a large 8 x 24 balcony across the front of the unit.Downstairs has 1-bedroom , a bunk

    Greg Taylor Counts Real Estate Group Inc

    6518 Beach Dr, Panama City, FL 32408
  • /28

    $395,000

    • 2 Beds
    • 1 Bath
    • 860 Sq Ft

    4120 Nova St Unit D, Panama City, FL 32408

    Great opportunity to purchase this 2 bedroom, 1 bath condo steps to the beach and no HOA! This unit is being offered fully furnished and rental ready. New construction around this property will enhance the area and make it shine!

    Will Palmer Better Homes and Gardens Coast Properties

    4120 Nova St Unit D, Panama City, FL 32408
  • /16

    $319,000

    • 2 Beds
    • 1.5 Baths
    • 1,152 Sq Ft

    6211 S Lagoon Dr Unit A, Panama City, FL 32408

    Updated Townhome with Bay Views - Walk to the Beach!Welcome to 6211 S Lagoon Dr, a beautifully updated townhome in the heart of Panama City Beach! This 2-bedroom, 1.5-bathroom home has been completely renovated with new flooring, an updated kitchen, and modernized bathrooms, offering a fresh and stylish living space.Located right across the street from the bay, you'll enjoy serene bay views and

    Team Don and Bubba EXP Realty LLC

    6211 S Lagoon Dr Unit A, Panama City, FL 32408
  • /57

    $1,099,000

    • 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
  • /37

    $405,000

    • 3 Beds
    • 2 Baths
    • 1,147 Sq Ft

    5412 Hilltop Ave, Panama City, FL 32408

    Welcome to 5412 Hilltop Ave!!Charming Coastal Retreat - 3BR/2BA, Fully Furnished & Rental-Ready!Just a 5-minute walk to the beach, this beautifully furnished 3-bedroom, 2-bathroom home is the perfect vacation rental or full-time residence! Designed for both comfort and convenience, the layout includes two king bedrooms and a bunk room with two sets of bunk beds, making it ideal for families or

    Phyllis Holloway Coastal Living Realty & Associates

    5412 Hilltop Ave, Panama City, 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
  • /59

    $549,000

    • 3 Beds
    • 2 Baths
    • 1,920 Sq Ft

    6310 Sunset Ave, Panama City, FL 32408

    Income-Producing Beach Duplex with the interior just being renovated.Welcome to 6310 Sunset Ave., Panama City Beach, FL Avenue a rental powerhouse on the east end of the beach! This duplex offers a 3-bedroom, 1-bathroom unit upstairs and a 1-bedroom, 1-bathroom unit downstairs with a full kitchen. Whether your looking for a lucrative investment or a beachside retreat, this property

    Justin Cater LLC EXP Realty LLC

    6310 Sunset Ave, Panama City, FL 32408
  • /64

    $729,000

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

    3820 Treasure Cir, Panama City, FL 32408

    INVESTORS!! PRICE IMPROVEMENT! 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 is more than 2000

    Kay Blanchard Beachy Beach Real Estate

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

    $714,995

    • 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

    $714,995

    • 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
  • /12

    $1,100,000

    • 4 Beds
    • 5 Baths
    • 2,464 Sq Ft

    5905 Sunset Ave, Panama City, FL 32408

    Less than 5 minute walk to the GULF!, 4 bed/5 full bath & 3 balconies!!, Updated & Fully Furnished - rental ready. Fantastic back yard, you have your own private beach & outdoor shower! 2 A/C units. Every bedroom has it's own private bath, Close to amenities, dining and shopping, Unit 1/2 of a duplex 5903 available. All info taken from appraiser site & sizes approx., buyer to verify.

    Jennifer Mackay Counts Real Estate Group

    5905 Sunset Ave, Panama City, FL 32408
  • /23

    $950,000

    • 4 Beds
    • 5 Baths
    • 2,464 Sq Ft

    5903 Sunset Ave, Panama City Beach, FL 32408

    Less than 5 minute walk to the GULF!, 4 bed/5 full bath & 3 balconies!!, Updated & Fully Furnished - rental ready. Fantastic back yard, you have your own private beach & outdoor shower! 2 A/C units. Every bedroom has it's own private bath, Close to amenities, dining and shopping, All info taken from appraiser site & sizes approx., buyer to verify.

    Jennifer Mackay Counts Real Estate Group

    5903 Sunset Ave, Panama City Beach, FL 32408
  • /37

    $455,000

    • 4 Beds
    • 3.5 Baths
    • 1,551 Sq Ft

    5703 Beach Dr Unit A & B, Panama City Beach, FL 32408

    SHORT TERM RENTAL RECORDS OF $60,000 A YEAR!. Both HVAC systems have been replaced in July 2025!! The location of this duplex is absolutely amazing! Imagine the memories you'll have at the beach in this home! Located less than 1/2 mile from the beach and a short walk to the nearest beach access.. Zoned for short term rentals, this duplex is the perfect investment property. One side of the duplex

    Clint Furney Anchor Realty Florida

    5703 Beach Dr Unit A & B, Panama City Beach, FL 32408
  • /19

    $465,000

    • 4 Beds
    • 4 Baths
    • 2,014 Sq Ft

    6320 Pinetree Ave, Panama City Beach, FL 32408

    Come take a look at this fantastic income producing duplex just a few blocks from the beach. each side has 2 bed and 2 full baths Ideal for short term rental and priced to sell!!!Ready to move in and easy to show on lockbox

    Gonzalo Revilla 1ST Class Real Estate Premier Group Inc

    6320 Pinetree Ave, Panama City Beach, FL 32408

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.

Home Trends in Lower Grand Lagoon, FL

Housing Trends

Median Sale Price
$175,000
Median Single Family Sale Price
$245,000
Average Price Per Sq Ft
$689
Number of Homes for Sale
2
Last 12 months Home Sales
6
Months of Supply
4.00
Median List Price
$390,000
Median Change From 1st List Price
55%
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