5701 S Lagoon Dr Panama City, FL 32408
Estimated payment $2,776/month
Highlights
- Contemporary Architecture
- No HOA
- Ceiling Fan
- J.R. Arnold High School Rated A-
- Central Air
- 2 Car Garage
About This Home
This beautifully updated 3-bedroom, 2-bathroom home is just a quick golf cart ride from the sandy shores, making it perfect as a primary residence or an incredible vacation rental. Its prime location offers easy access to local attractions, shopping, and dining, while the thoughtfully designed split floor plan ensures privacy and comfortable living.
In 2022, this home underwent significant updates, including brand-new tile flooring throughout, enhancing its modern, low-maintenance appeal. The kitchen features granite countertops, custom cabinetry, and newer appliances, including a brand-new dishwasher installed in 2024.
The electrical work, completed in 2022 by a licensed electrican, adds incredible value. A 100-amp subpanel powers the spacious storage building, offering the potential to convert it into a fully functional apartment. Additionally, wiring for a pool has already been completed, saving the next owner up to $10,000 in future installation costs.
The home's ductwork was also updated in 2022, ensuring efficient cooling and heating. The cabana, equipped with a new AC unit installed this year, offers an extra living space ideal for guests, a home office, or even a cozy entertainment area.
The spacious backyard has room for a pool, and existing plans can be provided to help you bring your vision to life. Plus, with a large utility room and a 2-car garage, you'll have all the storage you need.
This is a rare opportunity to own a meticulously maintained home that blends coastal convenience with modern upgrades. Don't miss out—schedule your private tour today
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,116
Year Built
- Built in 1983
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 50x148
Parking
- 2 Car Garage
Home Design
- Contemporary Architecture
Interior Spaces
- Ceiling Fan
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Central Air
- Septic Tank
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,116 | $407,975 | $141,400 | $266,575 |
| 2023 | $5,116 | $406,017 | $137,377 | $268,640 |
| 2022 | $2,885 | $245,522 | $0 | $0 |
| 2021 | $2,734 | $223,202 | $0 | $0 |
| 2020 | $2,508 | $202,911 | $70,506 | $132,405 |
| 2019 | $2,467 | $196,996 | $54,497 | $142,499 |
| 2018 | $1,791 | $177,660 | $0 | $0 |
| 2017 | $1,761 | $174,006 | $0 | $0 |
| 2016 | $1,811 | $175,336 | $0 | $0 |
| 2015 | $1,263 | $129,587 | $0 | $0 |
| 2014 | -- | $128,559 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | Price Changed | $445,000 | -4.3% | $194 / Sq Ft |
| 08/26/2025 08/26/25 | For Sale | $465,000 | 0.0% | $203 / Sq Ft |
| 08/01/2025 08/01/25 | Pending | -- | -- | -- |
| 05/06/2025 05/06/25 | Price Changed | $465,000 | -2.1% | $203 / Sq Ft |
| 04/02/2025 04/02/25 | Price Changed | $475,000 | -2.1% | $207 / Sq Ft |
| 03/25/2025 03/25/25 | Price Changed | $485,000 | -1.0% | $212 / Sq Ft |
| 03/06/2025 03/06/25 | Price Changed | $490,000 | -2.0% | $214 / Sq Ft |
| 02/11/2025 02/11/25 | Price Changed | $499,900 | -2.9% | $218 / Sq Ft |
| 01/04/2025 01/04/25 | Price Changed | $514,900 | -2.7% | $225 / Sq Ft |
| 12/03/2024 12/03/24 | For Sale | $529,000 | +1.7% | $231 / Sq Ft |
| 09/19/2022 09/19/22 | Off Market | $520,000 | -- | -- |
| 06/17/2022 06/17/22 | Sold | $520,000 | -1.9% | $300 / Sq Ft |
| 05/24/2022 05/24/22 | Pending | -- | -- | -- |
| 05/12/2022 05/12/22 | For Sale | $529,900 | 0.0% | $306 / Sq Ft |
| 05/12/2022 05/12/22 | Price Changed | $529,900 | +1.9% | $306 / Sq Ft |
| 04/29/2022 04/29/22 | Off Market | $520,000 | -- | -- |
| 03/12/2022 03/12/22 | For Sale | $539,400 | -- | $312 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $520,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $242,060 | Attorney | |
| Warranty Deed | $212,000 | Omega Title Llc | |
| Interfamily Deed Transfer | -- | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $416,000 | New Conventional | |
| Previous Owner | $217,612 | VA | |
| Previous Owner | $216,558 | VA | |
| Previous Owner | $150,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $47,000 | Credit Line Revolving | |
| Previous Owner | $57,175 | Unknown |
Source: Central Panhandle Association of REALTORS®
MLS Number: 765740
APN: 32053-000-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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