19

Lower Grand Lagoon, FL Townhomes for Sale

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  • /39

    $347,000

    • 2 Beds
    • 2.5 Baths
    • 1,088 Sq Ft

    6708 Thomas Dr Unit D, Panama City, FL 32408

    Just 900 feet to Beach Access 12A! This charming beach-style townhome is ideally located and has not been a vacation rentala€”only occasionally used by the owner. With no HOA restrictions, the possibilities are endless - whether you're looking to use it as your primary residence, a long-term rental, or as a profitable Airbnb investment. Explore this delightful 2-story unit with an open-concept

    Agent Photo

    Jennifer Bond

    Compass

    (448) 202-7024

    6708 Thomas Dr Unit D, Panama City, FL 32408
  • /61

    $465,000

    • 2 Beds
    • 2.5 Baths
    • 1,279 Sq Ft

    8407 Thomas Dr Unit 2, Panama City, FL 32408

    Are you searching for your own private vacation spot on the beach? Tired of sharing space at your home away from home? Look no further than this unit located on the beach side of Thomas Drive. This property is just 100 feet away from the beach, with no road between you and the sparkling teal waters of Panama City Beach. Spacious and clean, this unit allows you to enjoy the sound of the waves from

    Melany Hathcock Keller Williams Success Realty

    8407 Thomas Dr Unit 2, Panama City, FL 32408
  • /52

    $425,000

    • 2 Beds
    • 2.5 Baths
    • 1,380 Sq Ft

    6304 Thomas Dr Unit U7, Panama City, FL 32408

    This unit is HUGE lots larger than most townhomes by 200 sqft or more. 1380sqft and an end unit makes it more desirable. Check the PPSqft when comparing! Fully Renovated, NO HOA Townhome on the East End of Panama City Beach!Welcome to your turnkey coastal retreat, perfectly situated on the sought-after east end of PCB, on Thomas Drive! This stunning townhome has been completely

    Sandi Smith Dalton Wade Inc

    6304 Thomas Dr Unit U7, Panama City, FL 32408
  • /39

    $399,900

    • 3 Beds
    • 2 Baths
    • 1,288 Sq Ft

    5516 Beach Dr Unit A, Panama City, FL 32408

    BEACH ACCESS #9...SO CLOSE! Ready to live the salt life? Just one block from beach access Number 9! This updated 3-bedroom, 2-bath townhome + possible flex space and attached 1 car garage! Best part, NO HOA restrictions!Inside, you'll find a bright, open layout with updates already done for you:🔧 Brand new garage door & opener (2025)🏠 New metal roof & lift station (2025)🔥

    Barbara Wade Beachy Beach Real Estate

    5516 Beach Dr Unit A, Panama City, FL 32408
  • /41

    $345,000 Open Sun 11AM - 3PM

    • 2 Beds
    • 2 Baths
    • 1,450 Sq Ft

    6223 S Lagoon Dr, Panama City, FL 32408

    2 bed 2 full bath roomy townhome with beautiful lagoon views will greet you here at this home. Large living area as you walk in with a full bath & laundry downs stairs. The master is down stairs as well, very large spacious bedroom with a 6 foot walk in closet . french doors and deck flow out to back fenced in yard from the master too. There is a large storage or lock out room under stair way

    Kati Pullins Beachy Beach Real Estate

    6223 S Lagoon Dr, Panama City, FL 32408
  • /46

    $299,000

    • 2 Beds
    • 2 Baths
    • 1,292 Sq Ft

    6215 Thomas Dr Unit 121, Panama City, FL 32408

    ...some of the best local restaurants (like Schooners, Dat Cajun Place, Bricks & Barley - just to name a few!), shopping, and entertainment Panama City Beach has to offer. Whether you're looking for a quiet piece of paradise or a lucrative vacation rental, this townhome is sure to check all the boxes. Come see it today!

    Renata Murphree Beachy Beach Real Estate

    6215 Thomas Dr Unit 121, Panama City, FL 32408
  • /42

    $289,999

    • 2 Beds
    • 2 Baths
    • 1,292 Sq Ft

    6215 Thomas Dr Unit 129, Panama City, FL 32408

    INVESTOR ALERT!!! This beautifully maintained townhome located in the sought-after Summerplace Townhomes community in Panama City Beach is just steps away from the Gulf. This turnkey 2-bedroom, 2-bath property offers the ideal blend of coastal living and investment opportunity with projections ranging from $50-$65K per year, this makes it the ideal investment property for buyers looking for a

    Todd Akins Team 10 Real Estate LLC

    6215 Thomas Dr Unit 129, Panama City, FL 32408
  • /32

    $349,897

    • 2 Beds
    • 1.5 Baths
    • 1,227 Sq Ft

    5306 Thomas Dr Unit 3, Panama City, FL 32408

    AS IS Property! Seller has PRICED TO SELL FAST! Located in the heart of Panama City Beach, this fully remodeled townhome offers a perfect blend of modern living and beachside convenience. With all furnishings conveying with the sale (except a few sentimental items), this property is ready to serve as your next vacation rental or primary residence. The sellers are offering the property AS IS,

    Catriese Johnson Coldwell Banker Realty

    5306 Thomas Dr Unit 3, Panama City, FL 32408
  • /23

    $359,500

    • 2 Beds
    • 1.5 Baths
    • 1,286 Sq Ft

    5306 Thomas Dr Unit 4, Panama City, FL 32408

    AS IS Property! Seller has PRICED TO SELL FAST! Located in the heart of Panama City Beach, this fully remodeled townhome offers a perfect blend of modern living and beachside convenience. With all furnishings conveying with the sale (except a few sentimental items), this property is ready to serve as your next vacation rental or primary residence. The sellers are offering the property AS IS,

    Catriese Johnson Coldwell Banker Realty

    5306 Thomas Dr Unit 4, Panama City, FL 32408
  • /31

    $287,000

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

    6322 Pinetree Ave Unit A, Panama City, FL 32408

    OPEN HOUSE SUNDAY AUGUST 24 ... 1 PM TO 3 PM. PANAMA CITY BEACH ... Holiday Beach Unit 8 - Only 6 blocks to beautiful Gulf. Recently remodeled ... to like new. Located near public boat ramps on S Lagoon Dr. Near St. Andrew's Park, shopping, dining, entertainment and fishing. Kitchen has new appliances, cabinets...soft close drawers...oversized kitchen stainless sink and very nice quartz

    Barbara Stevens Premier Properties of Bay Co

    6322 Pinetree Ave Unit A, Panama City, FL 32408
  • /16

    $310,000

    • 2 Beds
    • 1.5 Baths
    • 1,088 Sq Ft

    6300 Pinetree Ave Unit B, Panama City, FL 32408

    Beautifully remodeled and fully furnished townhouse just minutes from the beach with NO HOA! Whether you're looking for a primary residence, vacation retreat, or an investment opportunity, this beachside gem has it all. Enjoy easy access to four public boat ramps along S. Lagoon Drive--perfect for boating and fishing enthusiasts. Located near St. Andrews State Park, top-rated local seafood spots,

    Maxim Sedov Keller Williams Success Realty

    6300 Pinetree Ave Unit B, Panama City, FL 32408
  • /74

    $780,000

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

    5908 Beach Dr, Panama City, FL 32408

    This property should be called the Godfather. You got to make us an offer we can't refuse. It is priced way below its market value and does over $80K in rental earnings every year. PLUS$10,000 in closing cash credits for acceptable contract offer from buyer.INVESTOR ALERT! OVER 80K LAST YEAR. OWNER IS LEAVING COUNTRY, HATES TO LET IT GO BUT NEEDS TO SELL! - Stunning 3-Story Beach Home

    Danny Burnett Keller Williams Success Realty

    5908 Beach Dr, Panama City, FL 32408
  • /60

    $780,000

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

    5910 Beach Dr, Panama City, FL 32408

    Biggest no brainer in the history of mankind! It is all about the numbers! RVM value of $860K, listed at $780K with a rental income of over $100K a year. PLUS - SELLERS OFFERING $10,000 in closing costs credits with acceptable contract offer. Seller is leaving the country and hates to let it go but must sell! Updated Photos with NEW Flooring! INCOME-PRODUCING PROPERTY - Over $100,000 annual

    Danny Burnett Keller Williams Success Realty

    5910 Beach Dr, Panama City, FL 32408
  • /61

    $334,000

    • 2 Beds
    • 2 Baths
    • 1,292 Sq Ft

    6215 Thomas Dr Unit 101, Panama City, FL 32408

    AVAILABLE to easily show 8/25- 9/2. Call your favorite Realtor and see this one in person or virtually now. End-Unit Coastal Retreat at Summerplace TOWNHOMES with low HOA! - Just Steps to the Beach!Welcome to Unit 101 at Summerplace Townhomes, an exceptional and fully furnished end-unit located just a short walk from the sugar-white sands and emerald-green waters of the Gulf of Mexico.

    Laurie Hardy Counts Real Estate Group Inc

    6215 Thomas Dr Unit 101, Panama City, FL 32408
  • /43

    $375,000

    • 3 Beds
    • 2 Baths
    • 1,260 Sq Ft

    5812 Beach Dr Unit B, Panama City, FL 32408

    Blissful Beach Bungalow offers a delightful coastal farmhouse-inspired retreat just a 3-minute walk from the beach in Panama City Beach. This two-story home accommodates families and furry friends, with a spacious backyard for pets to roam. Conveniently located near attractions like St. Andrew's State Park, Rick Seltzer Park, and Treasure Island Marina, guests can easily enjoy various activities

    Tyler Southerland Coastal Heritage Real Estate LLC

    5812 Beach Dr Unit B, Panama City, FL 32408
  • /45

    $749,000

    • 3 Beds
    • 3 Baths
    • 2,246 Sq Ft

    4127 Cobia St, Panama City, FL 32408

    LOOK! NO HOA! Just Reduced $16K! This has one of the LOWEST PRICE per sq ft this close to the beach! This is a MUST SEE! Do not pass this one by! Large townhome only steps to the beach! Townhome has 3 bedrooms and 3 bathrooms. Tall ceilings and crown molding throughout as well as wide baseboards. Master can be upstairs, or downstairs take your pick. This townhouse has beautiful new LVP

    Jeff Minor Realty One of Northwest Florida LLC

    4127 Cobia St, Panama City, FL 32408
  • /83

    $749,000

    • 3 Beds
    • 3 Baths
    • 2,246 Sq Ft

    4129 Cobia St, Panama City, FL 32408

    100 STEPS TO THE BEACH!! PRICED TO MOVE!! NO HOA! This is LOWEST or one of the LOWEST PRICED per square ft home located next to the Gulf of America with this amount of real estate. HUGE backyard. Plus the whole side facing Surf Dr belongs to this unit. LOTS of room to add more even parking, a sundeck facing the beach and pool. This place is a walk in and do nothing dream. It has been taken down

    Jeff Minor Realty One of Northwest Florida LLC

    4129 Cobia St, Panama City, FL 32408
  • /31

    $319,000

    • 2 Beds
    • 2 Baths
    • 1,020 Sq Ft

    240 Bonita Cir, Panama City, FL 32408

    Welcome to 240 Bonita Circle, a beautifully updated 2-bedroom, 2-bath townhome located in the desirable, gated waterfront community of Bonita Point in Panama City Beach. Whether you're searching for a primary residence, a vacation retreat, or a short-term rental investment, this property delivers on comfort, convenience, and coastal charm.This end-unit home features an open and airy layout with a

    Savannah Mettille Empire Real Estate of Florida LLC

    240 Bonita Cir, Panama City, FL 32408
  • /30

    $259,900

    • 2 Beds
    • 1.5 Baths
    • 1,020 Sq Ft

    230 Bonita Cir, Panama City, FL 32408

    EXCELLENT location in the middle of everything in Panama City Beach. Walking distance to sugar white sand, community pool just steps away from unit, GATED community, canal view and attached garage. STR allowed. Community Marina with future possibility of slip rental. Washer/Dryer hookup on 3rd level with bedrooms and full bath.

    Katy Pinson Beach Babes Realty LLC

    230 Bonita Cir, Panama City, 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
$1,380,500
Median Single Family Sale Price
$1,380,500
Average Price Per Sq Ft
$793
Number of Homes for Sale
0
Last 12 months Home Sales
4
Months of Supply
0.00
Median List Price
$1,482,500
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
331%
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