7425 S Lagoon Dr Panama City, FL 32408
Estimated payment $5,591/month
3
Beds
2
Baths
1,386
Sq Ft
$678
Price per Sq Ft
Highlights
- In Ground Pool
- 0.35 Acre Lot
- No HOA
- J.R. Arnold High School Rated A-
- Coastal Architecture
- 1 Car Garage
About This Home
Welcome to this beautifully maintained 3-bedroom, 2-bathroom home situated on a spacious double lot, offering an abundance of indoor and outdoor living opportunities. The property features a charming detached cottage complete with a full bathroom, perfect for guests, extended family, or additional rental potential.The main home has been thoughtfully updated, with modern touches in both the kitchen and bathrooms. A two-car garage provides ample parking and storage, and also includes a laundry area in addition to the convenient laundry closet inside the home.Outdoor living is a highlight here, with a large yard, swim spa, boat barn, and shed, creating a versatile space for relaxation, recreation, and storage. The property also has a well for irrigation, making it easy to maintain the lush landscape. Just over half a mile to the public boat launch, this location is ideal for boating and water enthusiasts.Previously used as both a second home and a vacation rental, this property offers flexibility as a primary residence, getaway, or investment opportunity. Rental history is available upon request for those interested in its income potential.With its combination of updated interiors, unique outdoor amenities, and prime location near the water, this property is truly a rare find.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,750
Year Built
- Built in 1989
Lot Details
- 0.35 Acre Lot
- Lot Dimensions are 115x75x90x75
Parking
- 1 Car Garage
Home Design
- 1,386 Sq Ft Home
- Coastal Architecture
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Additional Features
- In Ground Pool
- Septic Tank
Community Details
- No Home Owners Association
- Holiday Beach Unit 16 Subdivision
Map
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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 | $5,513 | $373,344 | -- | -- |
| 2023 | $5,513 | $339,404 | $437,388 | $126,221 |
| 2022 | $3,987 | $308,549 | $0 | $0 |
| 2021 | $3,824 | $280,499 | $0 | $0 |
| 2020 | $3,505 | $315,880 | $213,692 | $102,188 |
| 2019 | $3,163 | $276,655 | $173,512 | $103,143 |
| 2018 | $2,877 | $210,743 | $0 | $0 |
| 2017 | $2,406 | $187,715 | $0 | $0 |
| 2016 | $2,430 | $186,210 | $0 | $0 |
| 2015 | $2,482 | $185,032 | $0 | $0 |
| 2014 | $2,487 | $185,658 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | For Sale | $940,000 | -- | $678 / Sq Ft |
Source: Central Panhandle Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $135,000 | Stewart Title Company | |
| Warranty Deed | $203,000 | Diamond Title Agency Inc | |
| Warranty Deed | $60,000 | Diamond Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Credit Line Revolving | |
| Closed | $225,750 | New Conventional | |
| Closed | $108,000 | New Conventional | |
| Previous Owner | $182,700 | Purchase Money Mortgage | |
| Previous Owner | $194,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $48,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Panama City, FL
Source: Central Panhandle Association of REALTORS®
MLS Number: 778203
APN: 30808-394-000
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