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Updated Waterfront Triplex
For Sale
$1,100,000

6722 S Lagoon Dr, Panama City, FL 32408

Three-unit waterfront property with two boat slips and a boat lift.

Property Size2,720 SF
Price / SF$404.41
Days on Market82

Property Features for 6722 S Lagoon Dr

General Information

Standard status Active
Size 2,720 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 3BR/2.5BA, 2 x 1BR
Multifamily Units 3

Additional Details

Furnished Yes

Amenities

boat slips
boat lift
wraparound balcony
covered deck

Building Details

Year Built 1981
Year Renovated 2022
Listing Agency: Beachy Beach Real Estate
Listed By: Heather Fox · License #SL3392228
Source: Bemajorteam
Added: Jul 19 Changed: Oct 3 Last Checked: Oct 7 at 5:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beachy Beach Real Estate

Investment Insights

Based on property information with market context.

This 2720-square-foot triplex, built in 1981, combines a furnished upper-level residence with two separate one-bedroom units. The primary dwelling includes three bedrooms, 2.5 baths, an open living arrangement, and a three-quarter wraparound balcony oriented toward the lagoon. One lower-level apartment is furnished and has a covered waterfront deck, while the second unit is positioned on the street side.

The property includes two boat slips, a boat lift, and a pontoon. Improvements include a remodeled interior completed in 2020, Hardie board exterior work in 2022, and updates to the roof, windows, and doors in 2019. Located at 6722 S Lagoon Dr in Panama City, the property supports a combination of waterfront occupancy and separate residential units within a single triplex configuration.

Key Highlights

  • 2720‑square‑foot triplex with one three‑bedroom residence and two one‑bedroom units
  • Direct waterfront setting with two boat slips, a boat lift, and pontoon
  • Upper residence includes 3 bedrooms, 2.5 baths, and a three‑quarter wraparound balcony

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Hair Salon Law Firm Cafe & Coffee Shop Daycare Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

413
Businesses Nearby

Demographics for 32408, FL

17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit waterfront property with two boat slips and a boat lift.
Where is this triplex 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 $1,100,000.
What are key features of this property?
This property features: 2720‑square‑foot triplex with one three‑bedroom residence and two one‑bedroom units; Direct waterfront setting with two boat slips, a boat lift, and pontoon; Upper residence includes 3 bedrooms, 2.5 baths, and a three‑quarter wraparound balcony
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