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Updated Waterfront Triplex
For Sale
$1,100,000
Pending

6722 S Lagoon Drive, Panama City, FL 32408

Residential, Panama City, FL

Property Size2,720 SF
Lot Size0.25 Acres
Days on Market144

Property Features for 6722 S Lagoon Drive

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 5
Full bathrooms 4
Half bathrooms 1
Rooms Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 5, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2
Patio and Porch features Patio, Deck
Interior features ShowerOnly, UpperLevelPrimary, WalkInClosets
Exterior features BoatLift, BoatSlip, BoatRamp, CoveredPatio, Dock
Accessibility Accessible Approach with Ramp
Appliances ElectricRange
Subdivision Holiday Beach Unit 1
Elementary school Patronis
Middle school Surfside
High school Arnold
Directions Thomas Drive turn North on Sabine St. Turn left on S Lagoon. West side of boat launch.
Standard status Pending
APN 30619-000-000
Size 2,720 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description HOLIDAY BEACH UNIT #1 LOT 44 BLK A ORB 4329 P 892
Tax Annual Amount 7993
Legal Description HOLIDAY BEACH UNIT #1 LOT 44 BLK A ORB 4329 P 892

Utilities

Sewer type Public Sewer
Heating system Ductless (Heating), Central
Cooling system Central Air, Ductless
Water front features Lagoon, Seawall
Water front 1

Amenities

boat slips
boat lift
wraparound balcony
covered deck

Building Details

Year built 1981
Building materials HardiplankType
Roof type Metal
Listing Agency: Beachy Beach Real Estate
Listed By: Heather Fox · License #SL3392228
Added: May 18 Changed: Sep 22 Last Checked: Oct 8 at 4:06AM
MLS# 790039

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 2,720-square-foot triplex on a 0.25-acre parcel includes a furnished upper-level residence with 3 bedrooms, 2.5 baths, an open living area, and a three-quarter wraparound balcony. Two distinct one-bedroom units occupy the main level, including a furnished waterfront apartment with a covered deck and a separate street-side apartment. The property is served by public sewer and includes central and ductless heating and cooling, a metal roof, HardiePlank siding, and an accessible ramp approach.

Positioned on S Lagoon Drive in Panama City, the property fronts the lagoon and includes a seawall, dock, boat lift, two boat slips, and a boat ramp. Updates include the roof, windows, and doors in 2019, modern interior remodeling in 2020, and Hardie board exterior work in 2022. A pontoon conveys with the property.

Key Highlights

  • 2,720 SF triplex on a 0.25‑acre waterfront parcel
  • Upper residence with 3 bedrooms, 2.5 baths, furnishings, and wraparound balcony
  • Two separate 1‑bedroom units, including a furnished waterfront apartment

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Triplex - Three furnished living units combine a primary residence with two separate one-bedroom apartments.
Where is this triplex 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 $1,100,000.
What are key features of this property?
This property features: 2,720 SF triplex on a 0.25‑acre waterfront parcel; Upper residence with 3 bedrooms, 2.5 baths, furnishings, and wraparound balcony; Two separate 1‑bedroom units, including a furnished waterfront apartment
More about this property
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