20

Lower Grand Lagoon, FL Homes for Sale under $2,000,000

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  • /146

    $1,599,999

    $240K PRICE DROP
    • 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

    Agent Photo

    Kerry Jackson

    LPT Realty LLC

    5012 Gulf Dr Unit 1-4, Panama City, FL 32408
  • /59

    $1,850,000

    $50K PRICE DROP
    • 6 Beds
    • 4 Baths
    • 2,717 Sq Ft

    4116 Ocean St, Panama City, FL 32408

    ***2025 RENTAL INCOME: $175,000***2026 BOOKINGS AT $172,000 YTD AND ON TRACK FOR $185,000 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

    Agent Photo

    January Johnson

    EXP Realty LLC

    4116 Ocean St, Panama City, FL 32408
  • /52

    $1,595,000

    $31K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 2,300 Sq Ft

    4421 Thomas Dr Unit 101, Panama City, FL 32408

    Welcome to St. Andrew's Park Place. the best of coastal waterfront living in Panama City Beach. This unit is located on the first floor and has fabulous views of the Gulf, as well as St. Andrew's State Park. This property is located on the East end of PCB where you experience the quiet beauty of the State Park . With the residence being located on the ground floor, you have easy access from the

    Terra Sasser Coldwell Banker Realty

    4421 Thomas Dr Unit 101, Panama City, FL 32408
  • /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
  • /11

    $1,645,000

    • 3 Beds
    • 2.5 Baths
    • 1,538 Sq Ft

    7308 S Lagoon Dr, Panama City, FL 32408

    BRING YOUR BOAT! **TWO Properties, Lagoon-Front Lot and House being sold together or separately** (Lot mls#793039)* Gulf of America Access in Minutes! *NO HOA Fees! **(recent lot SOLD at 7204 S. Lagoon $699k in April 27, 2026)Rare opportunity to own two lagoon-front properties** 3-Br 2.5-Ba house with a 14'x36' covered boat dock with water, electricity and jet ski lift. Totally

    Butch Metcalf CitiStar Realty

    7308 S Lagoon Dr, Panama City, FL 32408
  • /43

    $2,000,000

    New Construction
    • 8 Beds
    • 10 Baths
    • 5,000 Sq Ft

    6806 Thomas Dr, Panama City, FL 32408

    Brand-new construction duplex, perfectly positioned just a 3-minute stroll from the beach with no HOA! Designed for elevated living and exceptional rental performance, each townhome offers approximately 2,500 square feet of thoughtfully curated living space, featuring 4 spacious bedrooms, a bonus living area, and 4.5 designer bathrooms. Every detail has been carefully selected, from the premium

    kelli lazidis RE Florida Homes

    6806 Thomas 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
  • /15

    $1,750,000

    • Land
    • 11,761 Sq Ft
    • $6,481,481 per Acre

    5947 Gulf Dr, Panama City, FL 32408

    Welcome to a prominent beachfront lot in the exclusive community of Hadley's Beach! Boasting 50ft of Gulf-Frontage, this future homesite enjoys panoramic Gulf views and private beach access. Residing in a low-density community of only 16 beachfront homesites and 10 first tier homesites, Lot 6 is sure to offer one of the most spectacular settings on the Emerald Coast. The community comes equipped

    The Dixon Team 30A Homes Sales

    5947 Gulf Dr, Panama City, FL 32408
  • /68

    $1,800,000

    New Construction Open Sat 1PM - 3PM $150K PRICE DROP
    • 10 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.This home showcases spacious, open-concept designs with 4 bedrooms, 4.5 baths, and a bunk room. Enjoy high-end finishes, stylish coastal

    Whitney Moore TH Coastal Realty

    5231 Thomas Dr, Panama City, FL 32408
  • /42

    $1,699,000

    New Construction $399K PRICE INCREASE
    • 4 Beds
    • 3 Baths
    • 2,678 Sq Ft

    7848 Grand Lagoon Way, Panama City Beach, FL 32408

    LAGOON LIVING with boat slip and dock in the exclusive gated community of Grand Lagoon Pointe, where luxury waterfront living meets direct boating access to the Gulf of Mexico. This Lot 7 Cobia Plan offers 4 bedrooms, 3 full bathrooms, plus a flex space. Designed for both everyday living and effortless entertaining, the open-concept main living area features a stunning 72-inch gas fireplace and a

    Charles Commander Jr. CENTURY 21 Commander Realty

    7848 Grand Lagoon Way, Panama City Beach, FL 32408
  • /45

    $1,599,000

    $26K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 2,300 Sq Ft

    4421 Thomas Dr Unit 202, Panama City, FL 32408

    St. Andrews Park Place - Experience exceptional coastal living in this highly sought-after private residence ideally located on the quiet east end of Panama City Beach. Situated adjacent to St. Andrews State Park, one of Florida's premier natural preserves, this condominium enjoys a setting known for pristine beaches, emerald waters, abundant wildlife, and some of the area's best outdoor

    Katie Patronis CENTURY 21 Ryan Realty Inc

    4421 Thomas Dr Unit 202, Panama City, FL 32408
  • /23

    $1,825,000

    • 5 Beds
    • 5 Baths
    • 3,076 Sq Ft

    8011 Surf Dr Unit A, Panama City, FL 32408

    On the Emerald Coast, gulf-front properties with documented short-term rental income north of $167,000 a year don't need an introduction. They need a showing.This is 8011 Surf Drive, Unit A. Panama City Beach, FL. And it performs.Sitting on the quiet east end of PCB -- away from the congestion of Pier Park but still close to everything that matters -- Surf Drive is the kind of

    Kevin Dehlinger LPT Realty LLC

    8011 Surf Dr Unit A, Panama City, FL 32408
  • /112

    $1,730,000

    New Construction $65K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 2,174 Sq Ft

    4109 Choctaw St, Panama City, FL 32408

    HEATED POOL- STEPS TO BEACHLast years rental income in the high $90 and this year is on its way to over $100KIdeal as a beach rental or second home, this stunning property offers the perfect blend of comfort and coastal charm. Located just moments from beach access, it features a private fenced-in pool and two owner's suites for ultimate convenience.Upstairs, the primary

    Beth Jones Blue Swell Realty

    4109 Choctaw St, Panama City, FL 32408
  • /51

    $1,575,000

    $100K PRICE DROP
    • 4 Beds
    • 4 Baths
    • 2,706 Sq Ft

    5620 S Lagoon Dr, Panama City, FL 32408

    The Nicest Home in Bay County! This completely remodeled, fully furnished, move-in ready Grand Lagoon home offers the ultimate waterfront lifestyle. It features all-new flooring, paint, and a new beamed ceiling on the main level. All new fixtures throughout. New kitchen counters, and backsplash. For enhanced durability and energy efficiency, the home boasts all new hurricane windows and glass

    Matthew Jones Coastal Heritage Real Estate LLC

    5620 S Lagoon Dr, Panama City, FL 32408
  • /101

    $1,999,000

    $71K PRICE DROP
    • 5 Beds
    • 4 Baths
    • 3,079 Sq Ft

    7505 Thomas Dr Unit PH 121G, Panama City Beach, FL 32408

    NEW PRICE! GULF-FRONT PENTHOUSE + EXPANSIVE TERRACE WITH PRIVATE POOL!Welcome to 7505 Thomas Dr, PH 121G, a first-floor penthouse at En Soleil in South of Grand Lagoon on Panama City Beach, offering panoramic Gulf views, 5 bedrooms, 4 en-suite baths, and 3,079 sq ft. Fully furnished, this residence features a 1,700 sq ft private terrace ideal for indoor/outdoor living, with a 16x10 heated

    Veronica Johnson LPT Realty LLC

    7505 Thomas Dr Unit PH 121G, Panama City Beach, FL 32408
  • /54

    $1,650,000

    • 4 Beds
    • 3 Baths
    • 2,608 Sq Ft

    7852 Grand Lagoon Way, Panama City Beach, FL 32408

    LAGOON LIVING with boat slip and dock in the exclusive gated community of Grand Lagoon Pointe, where luxury waterfront living meets direct boating access to the Gulf of Mexico. This premier Lot 6 Dolphin Plan offers 3 bedrooms, 3 full bathrooms, plus an office/flex game that can easily function as a fourth bedroom. Designed for both everyday living and effortless entertaining, the open-concept

    Brittney Clark Century 21 Commander Realty Inc

    7852 Grand Lagoon Way, Panama City Beach, FL 32408
  • /20

    $1,650,000

    New Construction $100K PRICE INCREASE
    • 4 Beds
    • 3.5 Baths
    • 2,884 Sq Ft

    7860 Grand Lagoon Way, Panama City, FL 32408

    LAGOON LIVING now UNDER CONSTRUCTION. Home will have boat slip on community dock. The new homesites in the gated Grand Lagoon Pointe will offer waterfront and interior sites. Less than one mile to Rick Seltzer Park. All homes will have access to the community pool and green space. Drink your coffee on the covered patio while watching the dolphins play. This home is available for pre-sale, design

    Charles Commander Jr. CENTURY 21 Commander Realty

    7860 Grand Lagoon Way, Panama City, FL 32408
  • /68

    $1,800,000

    $400K PRICE DROP
    • 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

    $1,800,000

    $400K PRICE DROP
    • 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
  • /56

    $1,999,999

    $150K PRICE DROP
    • 3 Beds
    • 2.5 Baths
    • 3,463 Sq Ft

    8203 N Lagoon Dr, Panama City, FL 32408

    Waterfront luxury meets effortless coastal living at 8203 N Lagoon Drive. Perfectly positioned on deep water with direct access to the Gulf of Mexico in just minutes, this exceptional property offers the boating lifestyle you've been dreaming of--all with no HOA. Designed for both everyday living and entertaining, this spacious home features 3 bedrooms, 2.5 bathrooms, plus a dedicated office,

    Abbott Martin Group EXP Realty LLC

    8203 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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