25

Lower Grand Lagoon, FL Homes for Sale under $1,500,000

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  • /100

    $1,100,000

    $85K PRICE DROP
    • 5 Beds
    • 4.5 Baths
    • 2,720 Sq Ft

    6722 S Lagoon Dr, Panama City, FL 32408

    Welcome to S Lagoon waterfront living, where investment potential, lifestyle, and flexibility come together in one beautifully updated 3-in-1 property, Pontoon conveys. Positioned directly on the water with two boat slips and a boat lift, this rare opportunity is ideal for boating enthusiasts, short-term or long-term rental income, multi-generational living, the ultimate house hacking. The main

    Agent Photo

    Heather Fox

    Beachy Beach Real Estate

    6722 S Lagoon Dr, Panama City, FL 32408
  • /57

    $1,093,600

    $1K PRICE DROP
    • 4 Beds
    • 4.5 Baths
    • 2,428 Sq Ft

    7403 Sunset Ave, Panama City Beach, FL 32408

    Here you can have the best of both worlds: Private pool AND close to beach access!Whether you want to stay in and swim or venture out to salt and sand, 7403 Sunset has you covered!HIGHLIGHTS:--Fully furnished and ready to rent!--Master suite downstairs--4 spacious bedrooms (2 with en suites)--4 full + 1 half bath--Split living/dining areas with lots of

    Agent Photo

    January Johnson

    EXP Realty LLC

    7403 Sunset Ave, Panama City Beach, FL 32408
  • /105

    $1,250,000

    • 3 Beds
    • 3 Baths
    • 2,274 Sq Ft

    6627 Thomas Dr Unit 1401, Panama City, FL 32408

    3BR/3BA Gulf-front condo at Sterling Beach in Panama City Beach. 34 feet of floor-to-ceiling glass, 12-foot ceilings and covered parking #15. From the moment you arrive at Sterling Beach, the winding paver drive, Royal Palms and Gulf-front setting create a memorable introduction. Unit 1401 is a 2,274-square-foot Gulf-front condominium where approximately 34 feet of floor-to-ceiling glass

    Greg Taylor Counts Real Estate Group Inc

    6627 Thomas Dr Unit 1401, Panama City, FL 32408
  • /71

    $1,299,123

    $176K PRICE DROP
    • 5 Beds
    • 4 Baths
    • 2,625 Sq Ft

    8120 S Lagoon Dr, Panama City, FL 32408

    Experience the ultimate waterfront lifestyle with this fully remodeled coastal retreat on Grand Lagoon! Ideally positioned just minutes from the Gulf, this exceptional property offers a rare combination of modern luxury, double boat slip deep-water access, and outstanding short-term rental potential, all with no HOA restrictions.Thoughtfully renovated from top to bottom, the home features

    Courtney Pantalena Coldwell Banker Realty

    8120 S Lagoon Dr, Panama City, FL 32408
  • /62

    $1,155,500

    $42K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 2,453 Sq Ft

    5416 Gulf Dr, Panama City, FL 32408

    'CURRENTLY UNDER CONTRACT WITH A SELLER KICK-OUT CLAUSE -- SELLER WILL CONTINUE TO CONSIDER BACKUP OFFERS.'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.

    Shelly Callaway CENTURY 21 Ryan Realty Inc

    5416 Gulf Dr, Panama City, FL 32408
  • /59

    $1,475,000

    $115K 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
  • /49

    $1,499,000

    • 4 Beds
    • 3.5 Baths
    • 2,414 Sq Ft

    5516 Gulf Dr, Panama City Beach, FL 32408

    First time to hit the market, 4 bedroom(plus bunk room) RENTAL POWERHOUSE on the highly sought after East End. One home off the water on a stretch of beach not overrun with condos. Owners, investors and tourists/guests LOVE this area for that exact reason. Schooners is on Gulf Dr- a 6 min walk, St Andrews State Park is 1 mile away, and the some of the beach's very best restaurants are

    Tracy Gaspard Counts Real Estate Group Inc

    5516 Gulf Dr, Panama City Beach, FL 32408
  • /40

    $1,195,000

    $105K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 1,616 Sq Ft

    7835 Surf Dr, Panama City, FL 32408

    Your beach day begins the moment you open the door. This rare Gulf-front townhome combines direct beach access with no HOA fees, lower property taxes, and two reserved parking spaces at the front door--advantages that are exceptionally difficult to find along the coast. Furnished and offering 3 bedrooms and 3 bathrooms, it provides the privacy of a low-density beachfront retreat with the

    Helen Ferrell CENTURY 21 Ryan Realty Inc

    7835 Surf Dr, Panama City, FL 32408
  • /22

    $1,195,000

    $55K PRICE DROP
    • 8 Beds
    • 4 Baths
    • 3,420 Sq Ft

    3908 Ocean View Dr Unit A, Panama City Beach, FL 32408

    ***ATTENTION INVESTORS*** Spectacular and Modern ''Miami style'' Beach Income producing Quadplex with Top-of-the-line finishes (Over $300K in upgrades) ... 8Beds/4Baths Fully rented in Panama City Beach! Only a few steps from Beach access in the best side of town. The nicest Beachfront restaurants, Beach clubs, Shopping, Parks, convenience stores, and much more! Brand new everything: New impact

    Milton Vergara Red Real Estate Associates, LL

    3908 Ocean View Dr Unit A, Panama City Beach, FL 32408
  • /63

    $1,150,000

    $45K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 2,328 Sq Ft

    7115 Thomas Dr Unit 502, Panama City, FL 32408

    ** BRAND NEW HVAC ** At over 2,300 square feet with a true grand foyer entry, this gulf-front 3BR/3BA at Hidden Dunes feels less like a condo and more like a coastal residence - one where every bedroom has its own private bath and the balcony stretches 43 feet across the Gulf.A true grand foyer entry sets the tone immediately, creating a sense of arrival more typical of a full-sized

    Craig Duran Berkshire Hathaway HomeServices Beach Properties of Florida

    7115 Thomas Dr Unit 502, Panama City, FL 32408
  • /51

    $1,200,000

    • 3 Beds
    • 3.5 Baths
    • 2,413 Sq Ft

    4804 Hispaniola St, Panama City, FL 32408

    Beautiful Palm Beach-style 3-story cottage located just yards from the sugar-white sand beaches and the sparkling Gulf of Mexico! This stunning fully furnished 3-bedroom, 3.5-bath home offers the perfect blend of coastal charm and modern comfort. Features include granite countertops, stainless steel appliances, a cozy gas fireplace, and a mix of hardwood and carpet flooring throughout. Enjoy Gulf

    Stephanie Ingram Counts Real Estate Group Inc

    4804 Hispaniola St, Panama City, FL 32408
  • /31

    $1,349,900

    • 3 Beds
    • 3 Baths
    • 2,328 Sq Ft

    7115 Thomas Dr Unit 1803, Panama City, FL 32408

    One of Panama City Beach's best-kept secrets! This spectacular 3BR/3BA condo at Hidden Dunes offers over 2,300 SqFt of living space, one of the most spacious and well-designed floor plans on the beach, and an incredible oversized Gulf-front balcony with high quality outdoor furniture positioned for beautiful sunset views.From the moment you enter the grand foyer with motion-controlled

    Beach Billy Seeberger Think Real Estate

    7115 Thomas Dr Unit 1803, Panama City, FL 32408
  • /45

    $1,125,000

    $74K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 2,240 Sq Ft

    4120 Danny Dr, Panama City, FL 32408

    RARE OPPORTUNITY to own this fully- furnished, gulf-view home with private pool and literally just steps to the beach! Situated on a private road with private beach access, this property offers a unique combination of privacy, convenience, and strong investment potential. This 4-bedroom, 3-bath home features a great layout for enjoying family and friends, an open kitchen, dining and living area,

    Michele Morros Keller Williams Success Realty

    4120 Danny Dr, Panama City, FL 32408
  • /60

    $1,150,000

    $165K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 2,594 Sq Ft

    3910 Wasp St, Panama City, FL 32408

    PRICED TO SELL! Rare and exceptional investment opportunity located on the East End of Panama City Beach in the desirable South Lagoon area. This 4-bedroom, 3.5-bath, 2,500+ sq ft home is being sold fully furnished and turnkey, with NO HOA and NO rental restrictions.Situated on TWO lots just a few short blocks from beach access, this 3 story home is designed to maximize both guest experience

    Lexi Hinson Legacy Premier Agency

    3910 Wasp St, Panama City, FL 32408
  • /37

    $1,495,000

    $100K PRICE DROP
    • 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
  • /66

    $1,499,000

    • 4 Beds
    • 3.5 Baths
    • 2,017 Sq Ft

    8204 S Lagoon Dr, Panama City Beach, FL 32408

    Custom-built in 2024, 8204 South Lagoon offers a rare combination in Panama City Beach: deep-water frontage, a private dock and boathouse, and a location within walking distance to the Gulf.This 4BR/3.5BA home is well suited as a primary residence or second home. The open-concept kitchen, dining, and living area creates a bright and spacious main living space, highlighted by an impressive

    Johnny Milan LLC Scenic Real Estate

    8204 S Lagoon Dr, Panama City Beach, FL 32408
  • /85

    $1,390,000

    • 3 Beds
    • 3 Baths
    • 2,274 Sq Ft

    6627 Thomas Dr Unit 1601, Panama City Beach, FL 32408

    Welcome to Sterling Beach Unit 1601, a luxurious Gulf front retreat where panoramic views of the Gulf of Mexico create a stunning backdrop for the coastal life. From the moment you enter this condominium, floor to ceiling windows will take your breath away with sweeping views of emerald waters and sandy white beaches. This highly desirable 16th floor condominium is the perfect height to take full

    Michele Morros Keller Williams Success Realty

    6627 Thomas Dr Unit 1601, Panama City Beach, FL 32408
  • /13

    $1,400,000

    $100K PRICE DROP
    • Land
    • 22,215 Sq Ft
    • $2,745,098 per Acre

    5518 Thomas Dr, P C Beach, FL 32408

    This is your chance to secure a rare development opportunity along the highly sought-after Thomas Drive business corridor.An exceptional .51-acre site (three combined lots: 100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. This unique configuration provides access from three road fronts, offering excellent visibility and accessibility for future

    Beth Christie Local Insight Realty

    5518 Thomas Dr, P C Beach, FL 32408
  • /47

    $1,095,000

    $100K PRICE DROP
    • 4 Beds
    • 4 Baths
    • 2,384 Sq Ft

    6415 Thomas Dr Unit 1203, Panama City, FL 32408

    Furnished 4-bedroom, 4-bathroom condo on the 12th floor of the exclusive Princess Condominiums, offering an impressive 2,400 sq. ft. of thoughtfully designed living space. This unit features tile floors in the living areas and plush carpeting in the bedrooms. The spacious, open kitchen layout is perfect for entertaining, complete with a wet bar, breakfast bar, granite countertops, elegant glass

    Zack Seltzer Seltzer Real Estate, LLC

    6415 Thomas Dr Unit 1203, Panama City, FL 32408
  • /51

    $1,450,000

    • 3 Beds
    • 2 Baths
    • 2,400 Sq Ft

    6323 Thomas Dr Unit 501A, Panama City, FL 32408

    Discover Luxury at 6323 Thomas Drive Unit 501, Summerwinds Condominium. Escape to this exclusive beachfront paradise in Panama City Beach's premier non-rental gated community. This stunning 5th-floor end unit in the East Tower offers 3 bedrooms, 2 baths, and 2,400 sq ft of living space with forever Gulf views. Perched directly on pristine beaches, Unit 501 delivers sweeping sunrise and sunset

    Katie Patronis CENTURY 21 Ryan Realty Inc

    6323 Thomas Dr Unit 501A, Panama City, FL 32408
  • /50

    $1,278,000

    • 4 Beds
    • 3 Baths
    • 2,152 Sq Ft

    7320 S Lagoon Dr, Panama City, FL 32408

    Experience Waterfront Living in Panama City Beach with this exquisitely refreshed 4 bedroom, 3 full baths. Located on the Grand Lagoon, which offers deep water access to the Gulf of America and your own private boat dock. Just minutes to the Gulf of America & Shell Island. Private Suite serves as a private waterfront retreat with tranquil water views, direct door access. Home has been completely

    Lori Breeden CENTURY 21 Ryan Realty Inc

    7320 S Lagoon Dr, Panama City, FL 32408
  • /40

    $1,499,000

    • 4 Beds
    • 3.5 Baths
    • 2,414 Sq Ft

    5500 Gulf Dr, Panama City, FL 32408

    First time to hit the market, 4 bedroom(plus bunk room) RENTAL POWERHOUSE on the highly sought after East End. One home off the water on a stretch of beach not overrun with condos. Owners, investors and tourists/guests LOVE this area for that exact reason. Schooners is on Gulf Dr- a 6 min walk, St Andrews State Park is 1 mile away, and the some of the beach's very best restaurants are

    Tracy Gaspard Counts Real Estate Group Inc

    5500 Gulf Dr, Panama City, FL 32408
  • /44

    $1,399,000

    $100K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 2,414 Sq Ft

    5518 Gulf Dr, Panama City Beach, FL 32408

    Gulf views, directly across from the beach AND beach access--5518 Gulf Drive offers the ideal blend of location, space, and flexibility, making it ideal as second home rental investment, with the benefit of no HOA. Situated on a large corner lot on the east end of Panama City Beach, this home is designed with both comfort and functionality in mind. Newer construction and featuring a spacious

    Tami Moats The Premier Property Group Seacrest Office

    5518 Gulf Dr, Panama City Beach, FL 32408
  • /98

    $1,239,000

    $61K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 1,986 Sq Ft

    3530 Treasure Cir, Panama City, FL 32408

    RARE WATERFRONT. RENTAL PROJECTION OF $70K-$80K. PRIVATE DOCK + LIFT. Set near the mouth of the lagoon in Panama City Beach, this waterfront property offers the kind of location, scenery, and boating access that can stand out to both personal-use buyers and short-term rental investors. With a rental projection estimating year-one revenue of $70,000 to $80,000, this is more than a waterfront

    Sean Casilli Coldwell Banker Realty

    3530 Treasure Cir, Panama City, FL 32408
  • /28

    $1,250,000

    • Land
    • 42,688 Sq Ft
    • $1,275,510 per Acre

    8929 N Lagoon Dr, Panama City, FL 32408

    PRIME COMMERCIAL CORNER OF JOAN AND NORTH LAGOON DRIVE. Frontage on Joan and North Lagoon Dr. Billboard sign on property will convey with sale of property. General Commercial C-3 zoning . See baycountyfl.gov chapter 6 for allowable uses. Property located in beaches special area treatment zone. Close proximity to tourist attractions, amusements, boat / jet ski rentals, Signal Hill golf course,

    Betsy Anderson Miracle Strip Realty

    8929 N Lagoon Dr, Panama City, FL 32408

Home Price Trends

Median Sale Price
$878,000
Median Single Family Sale Price
$878,000
Average Price Per Sq Ft
$547
Number of Homes for Sale
1
Last 12 months Home Sales
4
Months of Supply
3.00
Median List Price
$899,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-66%
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