6722 S Lagoon Drive Panama City, FL 32408

Building Details

Year Built

1981

Listing Agency h***@beachybeach.com Show Phone

Listed by Beachy Beach Real Estate Show Phone

Source Xome

Added: May 3 Checked: Jul 15 at 10:21 am

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Investment Insights

Based on property information with market context.

This updated waterfront property on S Lagoon offers investment potential, lifestyle, and flexibility. Positioned directly on the water with two boat slips and a boat lift, this property is suited for boating enthusiasts, short-term or long-term rental income, or multi-generational living. The main upstairs furnished dwelling features 3 bedrooms, 2.5 baths, and a spacious three-quarter wraparound balcony designed to capture breezes and water views. The property was completely updated and remodeled in 2020 with new modern interior design, Hardie board exterior in 2022, plus roof, windows, and doors updated in 2019. The main level includes two separate 1-bedroom units. The waterfront apartment is fully furnished and features its own covered deck overlooking the lagoon. The second 1-bedroom unit is located street side, offering flexibility for extended family, tenants, or owner-occupant income potential. Envisioned uses include a waterfront primary residence with income-producing units, a multi-generational coastal compound, or an investment property. The property size is 2720 square feet.

Key Highlights

• Waterfront property with direct lagoon access, two boat slips, and a boat lift
• 3‑in‑1 property: Main 3‑bedroom residence plus two separate 1‑bedroom units
• Completely updated and remodeled: New interior design (2020), Hardie board exterior (2022), roof, windows, and doors (2019)

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FAQs

What type of property is this?

Multifamily property - Updated waterfront property with multiple units and boating amenities.

Where is this multifamily property located?

The property is located at 6722 S Lagoon Drive Panama City, FL.

What is the asking price?

The asking price for this property is $1,185,000.

What are key features of this property?

This property features: Waterfront property with direct lagoon access, two boat slips, and a boat lift; 3‑in‑1 property: Main 3‑bedroom residence plus two separate 1‑bedroom units; Completely updated and remodeled: New interior design (2020), Hardie board exterior (2022), roof, windows, and doors (2019)