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

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  /39

  $499,000

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

  8410 Thomas Dr Unit 6, Panama City, FL 32408

  Beach cottage located just steps from the Gulf in the highly desirable Thomas Drive area of Panama City Beach. This 2-bedroom, 3-bath home offers approximately 1,152 square feet of living space and the charm of a detached beach house with convenient access to nearby beach access points along the Gulf of Mexico. The home features a comfortable layout with an open living and dining area that flows

  Beth Mulvey Beach House Sales and Development

  8410 Thomas Dr Unit 6, Panama City, FL 32408
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  /19

  $450,000

  • 2 Beds
  • 2 Baths
  • 1,086 Sq Ft

  4425 Thomas Dr Unit 602, Panama City, FL 32408

  MORE PICTURES COMING SOON !! Your condo is awaiting you at the Moonspinner! The Moonspinner is located on the easternmost point of Panama City Beach, at the end of Thomas Drive, next to the State Park. You will find your condo to be in the ideal location--close to wonderful restaurants, the peaceful state park, several marinas, and conveniently located near grocery and other retail outlets--all

  Don Walker Xcellence

  4425 Thomas Dr Unit 602, Panama City, FL 32408
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  /22

  $432,000

  $57K PRICE INCREASE

  • 2 Beds
  • 2 Baths
  • 1,050 Sq Ft

  7205 Thomas Dr Unit A209, Panama City Beach, FL 32408

  Dunes of Panama A209 is a beautifully remodeled and updated 2 Bedroom, 2 Bath, 1,050sq.ft. condo with fabulous Gulf front views! **See building information below**All assessments will be paid in full at closing!This condo is a great investment property or second home, and the building is PET FRIENDLY! This turnkey rental grossed $47,211 in 2024 and $42,100 through November 2025. Open

  Edgar Barnette Bright Realty Solutions

  7205 Thomas Dr Unit A209, Panama City Beach, FL 32408
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  /7

  $449,000

  $141K PRICE DROP

  • Land
  • 5,662 Sq Ft
  • $3,453,846 per Acre

  3532 Treasure Cir, Panama City, FL 32408

  Build your lagoon front home here. A flat, cleared lot with incredible waterfront on Grand Lagoon with a seawall and 180' dock. Perfect for your residence or vacation home. Only minutes to Shell Island and close to great restaurants. Perfect water for a Pontoon Boat. Seller is a licensed real estate agent in the state of Florida.

  Jeri Macdonald Anchor Realty Florida

  3532 Treasure Cir, Panama City, FL 32408
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  /40

  $425,000

  • 1 Bed
  • 1.5 Baths
  • 835 Sq Ft

  6905 Thomas Dr Unit 802, Panama City, FL 32408

  Wow! Must see this Amazing updated Gulf front 1bed/2bath condo at popular Pelican Walk! Stainless steel appliances, granite countertops and tile floor throughout. Pelican Walk amenities include: 2 pools, hot tub, community room. Conveniently located near many Restaurants, Night life, and St. Andrews State Park. Call Today! All sizes approximate.

  Denise Fitchben Anchor Realty Florida

  6905 Thomas Dr Unit 802, Panama City, FL 32408
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  /49

  $479,000

  • 2 Beds
  • 2 Baths
  • 1,110 Sq Ft

  695 Seashell Dr, Panama City, FL 32412

  Located in the highly desirable Venture Out Resort, one of Panama City Beach's premier gated golf-cart communities with private beach access, this beautifully maintained home offers the perfect blend of comfort, convenience, and coastal charm. Inside, you'll find a bright and open living, dining, and kitchen layout accented by coastal décor, durable vinyl plank flooring, and abundant natural

  David & Kelli Sims Sims Resort Realty, Inc

  695 Seashell Dr, Panama City, FL 32412
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  /47

  $459,000

  • 3 Beds
  • 2 Baths
  • 1,056 Sq Ft

  359 Amberjack Dr, Panama City Beach, FL 32408

  Welcome to your perfect beach getaway in the highly sought-after Venture Out Resort in Panama City Beach! This beautifully maintained 3 bedroom, 2 bath home is being sold fully furnished and includes a golf cart, making it completely turnkey and ready for immediate enjoyment or rental income. Step inside to a bright and inviting open floor plan featuring durable vinyl plank flooring throughout

  David & Kelli Sims Sims Resort Realty, Inc

  359 Amberjack Dr, Panama City Beach, FL 32408
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  /42

  $499,900

  $46K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 815 Sq Ft

  516 Venture Blvd, Panama City Beach, FL 32408

  Welcome to Venture Out Resort - one of Panama City Beach's most desirable gated communities! This beautifully maintained coastal retreat offers the perfect balance of charm and modern comfort, just steps from both the sugar-white sands of the Gulf of Mexico and the peaceful waters of Grand Lagoon. ✨ Property Highlights: 2 spacious bedrooms + 2 full bathrooms Bonus bunk room, perfect for

  David & Kelli Sims Sims Resort Realty, Inc

  516 Venture Blvd, Panama City Beach, FL 32408
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  /34

  $484,000

  $15K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 1,060 Sq Ft

  8517 Surf Dr Unit 203, Panama City, FL 32408

  Gulf-Front Living at Its Finest - On the Beach! Experience coastal paradise from this rarely available gulf-front, low-rise condominium located on the 2nd floor (top floor), just steps from the sugar-white sands and surf of the Gulf of Mexico. Wake up to the soothing sound of waves and water views from your private balcony — the perfect place for morning coffee or evening sunsets. Inside, enjoy

  Donald West Northwest Florida Realty, LLC

  8517 Surf Dr Unit 203, Panama City, FL 32408
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  /46

  $439,000

  • 2 Beds
  • 2 Baths
  • 708 Sq Ft

  384 Red Snapper Ln, Panama City Beach, FL 32408

  Welcome to your slice of paradise in Venture Out -- one of Panama City Beach's most desirable gated golf cart communities with private beach access! This beautifully maintained 2-bedroom, 2-bath home is the perfect beach retreat, second home, or income-producing investment property. From the moment you arrive, you'll fall in love with the charming curb appeal, tropical landscaping, and the

  David & Kelli Sims Sims Resort Realty, Inc

  384 Red Snapper Ln, Panama City Beach, FL 32408
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  /39

  $499,000

  • 2 Beds
  • 2 Baths
  • 1,000 Sq Ft

  7205 Thomas Dr Unit E-1504, Panama City Beach, FL 32408

  Dunes of Panama 2 bedroom with large balcony. Located on the 15th floor this unit has outstanding views from the living room and primary bedroom. The oversized floor plan has plenty of storage and new slider doors to to view the gulf. Short term rentals are allowed and being sold furnished rental ready.

  Cherie Alexander Counts Real Estate Group Inc

  7205 Thomas Dr Unit E-1504, Panama City Beach, FL 32408
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  /46

  $499,900

  $25K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,350 Sq Ft

  6712 Sunset Ave, Panama City Beach, FL 32408

  Built in 2017 and located just 3 blocks from the sugar-white sands of Beach Access 12, this 3 bedroom, 2 bath beach home offers the ideal blend of comfort, convenience, and coastal lifestyle. Just mere moments walking or golf cart with ease to the beach and Safari Boat Ramp, this location is perfect for those who love life on the water. The owner has meticulously maintained this property inside

  Sandi Smith Dalton Wade Inc

  6712 Sunset Ave, Panama City Beach, FL 32408
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  /37

  $449,000

  • 2 Beds
  • 2 Baths
  • 1,000 Sq Ft

  8610 Surf Dr Unit 307, Panama City, FL 32408

  Gulf Front Unit situated on the 3rd floor. Unit #307 has been completely remodeled and updated. Unit features approximately 1,000+-SF with two bedrooms, two baths, large living room, kitchen (newly renovated), and stacked washer and dryer. Sit on your private balcony and enjoy the views to the Gulf of Mexico over the sandy beach and pristine sand dunes. Complex is well maintained and well

  Joan Altenpohl Coastal Real Estate Group, Inc

  8610 Surf Dr Unit 307, Panama City, FL 32408
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  /29

  $439,000

  • 4 Beds
  • 2 Baths
  • 1,596 Sq Ft

  4017 Silver Sands Rd, Panama City, FL 32408

  Opportunity near the beach! This duplex on Panama City Beach is ideally located just 0.1 mile off Thomas Drive, placing you close to restaurants, shopping, and many of the attractions that make the beach area so desirable. Rick Seltzer Park, with its public beach access, picnic areas, and Gulf views, is less than half a mile away, making this a convenient location for enjoying the water and

  Steve Butler ERA Neubauer Real Estate, Inc

  4017 Silver Sands Rd, Panama City, FL 32408
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  /19

  $489,000

  • 3 Beds
  • 2 Baths
  • 1,554 Sq Ft

  5404 Hilltop Ave, Panama City, FL 32408

  Built in 2021 by Guyson Construction, this furnished South Lagoon beach home offers a turnkey opportunity just minutes from St. Andrews State Park, public boat ramps, dining, and the beach. Currently operating as a short-term rental, the property is well-suited as a primary residence, second home, or investment property. Inside, the light-filled layout features vaulted ceilings, skylights,

  Crystal Ball Anchor Realty Florida

  5404 Hilltop Ave, Panama City, FL 32408
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  /32

  $485,000

  • 2 Beds
  • 2 Baths
  • 1,178 Sq Ft

  7620 Sunset Ave, Panama City Beach, FL 32408

  This absolutely charming beach home is fully furnished—just bring your suitcase. Its spacious, open floor plan integrates the modern kitchen, airy living room, and inviting dining area. Built in 2019, this home shows off two serene bedrooms, two bathrooms, and a charming bunk room. Features like a metal roof, single-car garage, plantation shutters, sprinkler system, and so much more complete the

  Gina Harris Beach King Realty

  7620 Sunset Ave, Panama City Beach, FL 32408
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  /44

  $479,000

  • 2 Beds
  • 2 Baths
  • 1,056 Sq Ft

  355 Amberjack Dr, Panama City Beach, FL 32408

  Welcome to Venture Out, one of Panama City Beach's premier gated golf-cart communities! This beautifully maintained 2-bedroom, 2-bath beach home also offers a potential bunk room, making it perfect for vacation rentals, a second home, or full-time coastal living.Step inside to an inviting open-concept floor plan featuring vaulted ceilings, abundant natural light, and updated wood-look tile

  David & Kelli Sims Sims Resort Realty, Inc

  355 Amberjack Dr, Panama City Beach, FL 32408
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  /40

  $425,000

  • 3 Beds
  • 3 Baths
  • 1,322 Sq Ft

  8730 Thomas Dr Unit 409, Panama City Beach, FL 32408

  Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features

  Kiley Parker Engel & Voelkers 30A Beaches

  8730 Thomas Dr Unit 409, Panama City Beach, FL 32408
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  /28

  $430,000

  • 3 Beds
  • 2 Baths
  • 1,470 Sq Ft

  6406 Beach Dr Unit A, Panama City, FL 32408

  Perfectly updated coastal home just a 5-minute walk to the sugar-white sands of Panama City Beach. This beautifully maintained two-story townhome is designed for comfort, relaxation, and effortless beach living. Offering 3 bedrooms and 2 full bathrooms, the home provides generous space for family and guests. Two bedrooms feature private decks, including a primary suite with a peek of the Gulf.

  Sabina Harmon Dalton Wade Inc

  6406 Beach Dr Unit A, Panama City, FL 32408
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  /61

  $439,900

  $99K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,015 Sq Ft

  6505 Thomas Dr Unit 510, Panama City Beach, FL 32408

  Summerhouse Condo on Panama City Beach is one of the most respected complexes in the area. This beautiful 2-Bedroom, 2-Bath unit is located on the very desirable fifth floor. This will be a favorite for renters as it is not too high or too low. This unit overlooks the beach and pools and offers a sunset view all year long. The owner has furnished and accented this unit very nicely and it is

  Greg Taylor Counts Real Estate Group Inc

  6505 Thomas Dr Unit 510, Panama City Beach, FL 32408
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  /43

  $495,000

  $39K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 1,086 Sq Ft

  8727 Thomas Dr, Panama City, FL 32408

  GULF FRONT @ Sugar Beach!! Presenting Sugar Beach C-17, the only gulf-front condo currently available in this highly desirable gated resort. This beautifully positioned 2-bedroom, 2-bath residence delivers the true Gulf-of-Mexico lifestyle, with both the primary suite and the spacious family room overlooking the water and offering direct balcony access for sunrise coffees, sunset dinners, and the

  Team Don and Bubba EXP Realty LLC

  8727 Thomas Dr, Panama City, FL 32408

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