26

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
  • /59

    $1,850,000

    New Construction
    • 4 Beds
    • 3.5 Baths
    • 2,800 Sq Ft

    8801 N Lagoon Dr, Panama City Beach, FL 32408

    Experience a rare blend of contemporary design and waterfront living at 8801 N Lagoon Drive, an exceptional newly constructed residence positioned along the shores of Grand Lagoon in Panama City Beach. Offering nearly 6,000 square feet under roof and approximately 2,800 square feet of meticulously designed living space, this waterfront retreat captures the essence of coastal living with direct

    Agent Photo

    Abigail Davis

    Corcoran Reverie

    8801 N Lagoon Dr, Panama City Beach, 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
  • /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
  • /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
  • /99

    $1,950,000

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

    4109 Marlin St, Panama City, FL 32408

    Rare PCB Beach Compound 4109&4111 Marlin St| 3 Residences • One Parcel • Two Lots from the Beach • Heated/Chilled Pool • Sleeps 18-20 • Fully Furnished & Turnkey. with effective build date June 2026 Rare opportunities like this simply don't exist anymore. Just two lots from the beach, this one-of-a-kind Panama City Beach compound offers three separate residences on one parcel--a beautifully

    Ahmed Ismail Guardian Real Estate Group LLC

    4109 Marlin St, Panama City, FL 32408
  • /65

    $1,800,000

    $900K 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
  • /12

    $1,795,000

    • Land
    • 11,761 Sq Ft
    • $6,648,148 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
  • /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

    $1,625,000

    • 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 address serious

    Kevin Dehlinger LPT Realty LLC

    8011 Surf Dr Unit A, Panama City, FL 32408
  • /37

    $1,545,000

    $50K 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
  • /112

    $1,745,000

    New Construction $50K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 2,174 Sq Ft

    4109 Choctaw St, Panama City, FL 32408

    HEATED POOL- STEPS TO BEACH Last years rental income in the high $90 and this year is on its way to over $100K Ideal 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 owner's suite boasts

    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
  • /59

    $1,579,000

    • 3 Beds
    • 3 Baths
    • 2,344 Sq Ft

    7115 Thomas Dr Unit 1801, Panama City, FL 32408

    Welcome to an extraordinary coastal retreat in the highly sought-after Hidden Dunes condominium in beautiful Panama City Beach. This rare 3-bedroom, 3-bath residence spans over 2,300 square feet and has been completely renovated and thoughtfully redesigned to deliver a refined, luxury living experience on the Gulf. From the moment you enter, you're greeted by elevated 10-foot ceilings--exclusive

    The Owen Group Corcoran Reverie SRB

    7115 Thomas Dr Unit 1801, Panama City, 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
  • /102

    $1,649,000

    New Construction $276K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 3,078 Sq Ft

    5914 Sunset Ave, Panama City Beach, FL 32408

    The Crown Jewel of the East End | New Construction Luxury Estate with Private Elevator Welcome to 5914 Sunset Avenue, a brand-new architectural masterpiece where coastal elegance meets unmatched tranquility. Perfectly situated in the highly coveted ''East End'' of Panama City Beach, this 4-bedroom, 4-bathroom residence is designed for those who demand resort-style living without the restrictions

    Brian Clowdus Christies International Real Estate Emerald Coast

    5914 Sunset Ave, 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
  • /16

    $1,820,000

    $20K PRICE DROP
    • Land
    • 12,632 Sq Ft
    • $6,275,862 per Acre

    5403 Gulf Dr, Panama City, FL 32408

    A rare chance to own prime Gulf-front property in one of the most desirable stretches of Panama City Beach. This cleared 0.29-acre parcel sits directly beside from public beach access #7, offering unmatched visibility, walkability, and development potential. Zoned mixed-use, the property allows for a wide range of possibilities. With no HOA restrictions, public utilities near by, and paved road

    Zack Sanchez Think Real Estate

    5403 Gulf Dr, 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
  • /44

    $1,599,000

    $100K PRICE INCREASE
    • 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
  • /52

    $1,650,000

    $100K PRICE DROP
    • 5 Beds
    • 4 Baths
    • 3,136 Sq Ft

    4127 Choctaw St Unit A, Panama City Beach, FL 32408

    Experience elevated coastal living in this beautifully appointed 5-bedroom, 4-bathroom sleeps up to 16 beach retreat located less than 100 feet from convenient beach access. Spanning three levels, this spacious home is designed for comfort, entertaining, and effortless beachside living. Inside, you'll find sunlit interiors, elegant wood flooring, a generous living area, and a fully stocked

    Reggie Johns Portfolio Real Estate and Management Group

    4127 Choctaw St Unit A, 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
  • /97

    $1,950,000

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

    4111 Marlin St, Panama City, FL 32408

    Rare PCB Beach Compound 4109&4111 Marlin St| 3 Residences • One Parcel • Two Lots from the Beach • Heated/Chilled Pool • Sleeps 18-20 • Fully Furnished & Turnkey. with effective build date June 2026 Rare opportunities like this simply don't exist anymore. Just two lots from the beach, this one-of-a-kind Panama City Beach compound offers three separate residences on one parcel--a beautifully

    Ahmed Ismail Guardian Real Estate Group LLC

    4111 Marlin St, Panama City, FL 32408
  • /82

    $1,799,000

    $151K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 2,800 Sq Ft

    8597 N Lagoon Dr, Panama City Beach, FL 32408

    Experience the ultimate boater's lifestyle on Grand Lagoon in Panama City Beach, where this beautifully furnished 4-bedroom, 3.5-bath waterfront home offers deep water access and a private dock with lift just minutes from the Gulf of Mexico and Shell Island. Designed for those who love life on the water, the property features a 14' x 40' covered boathouse and a 16,000-lb boat lift, making it

    Linda Lee Christies International Real Estate Emerald Coast

    8597 N Lagoon Dr, Panama City Beach, FL 32408

Home Price Trends

Median Sale Price
$878,000
Median Single Family Sale Price
$878,000
Average Price Per Sq Ft
$564
Number of Homes for Sale
2
Last 12 months Home Sales
4
Months of Supply
6.00
Median List Price
$888,500
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-66%
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