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    6722 S Lagoon Dr Panama City, FL 32408

    Sponsored
    For Sale
    $1,200,000

    MULTI_FAMILY - Panama City, FL

    Property size:
    2,720 SF
    Lot size:
    0.22 Acres
    Days on Market:
    127
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 6722 S Lagoon Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 4, Bonus Room, Bedroom 2, Bathroom 2
    Bedrooms
    5
    Bathrooms
    5
    APN
    30619-000-000
    Parking features
    Driveway, Garage
    Patio and Porch features
    Patio, Deck
    Interior features
    KitchenIsland
    Exterior features
    Balcony, CoveredPatio, Deck
    Appliances
    Dryer, WasherDryerStacked, Dishwasher, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator, TanklessWaterHeater, Washer
    Size
    2,720 SF
    Lot size
    0.22 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Window Unit(s), Separate Meters, Multi Units, Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Electric
    Water front features
    Seawall, Lagoon, Waterfront
    Water front
    1

    Building Details

    Year built
    1981
    Floors in Building
    3
    Flooring type
    Vinyl, Carpet
    Building materials
    HardiplankType
    Roof type
    Metal

    Epique Realty (512) 387-0722 [email protected]

    Listing agent Tammy M Smith (888) 893-3537 License #SL3432897

    Listing date Sep 1, 2025

    Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lagoon Front Multi-Unit Home

    This newly renovated three-story multi-unit home offers income potential and waterfront views. It features a dock with two covered boat houses and 74 feet of lagoon waterfront. The property includes three decks overlooking the water. The location provides easy access to the beach, St. Andrews State Park, shopping, restaurants, and entertainment, and is a short drive to the Hathaway Bridge. The property has been updated with new LVP flooring, cabinets, countertops, lighting, tile, bathrooms, and wood decking. There are three separate living spaces, which could be combined. In total, there are 5 bedrooms and 4.5 bathrooms amongst the 3 units. The main unit occupies the second and third floors and includes 3 bedrooms, 2.5 bathrooms, and a living space with lagoon views. Two 1-bedroom, 1-bathroom units are located on the first floor, with one facing the lagoon and covered deck, and the other facing the street. The street-facing unit does not have a kitchen installed, in case the new owner would want to install a stairwell to connect this space to the 3-bedroom unit above. Ample parking is available in the driveway and in the parking pad along the street. The front yard features a live Oak tree with a heritage tree designation tag. Short term rentals are allowed. The property is 2720 square feet and sits on a 0.22-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.767247
    Latitude
    30.157394

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    FAQs

    What type of property is this?
    Apartment building - Income-producing property with three units and two boat houses.
    Where is this apartment building located?
    The property is located at 6722 S Lagoon Dr Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Income-producing property featuring three separate living units.; - Enjoy direct water access with two covered boat houses and 74' of lagoon waterfront.; - Newly renovated with new LVP flooring, cabinets, countertops, lighting, tile, bathrooms, and wood decking.
    (754) 900-6717
    Request Owner's contact information
    6722 S Lagoon Dr Panama City, FL 32408
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    Panama City, FL 32408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6722 S Lagoon Dr Panama City, FL 32408
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