7931 S Lagoon Drive Panama City, FL 32408
MULTI_FAMILY - Other - Panama City, FL
- Added:
- Jun 10, 2026
- Days on Market:
- 34
- Last Refresh:
- Jul 13 at 1:06 am
Property Features for 7931 S Lagoon Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 3
- Parking features
- Paved or Surfaced, Parking Lot
- Interior features
- MainLevelPrimary, TubShower
- Appliances
- ElectricCooktop, ElectricOven, ElectricWaterHeater
- Standard status
- Pending
- APN
- 30196-540-000
- Size
- 1,860 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SILVER SANDS UNIT 2 LOT 14 BLK F ORB 1943 P 1887 ORB 2500 P 538
- Tax Annual Amount
- 2670
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Multi Units
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Block
- Architectural style
- Other
Listing agent Barbara A Wade License #BK3425752 (505) 903-9061
Listing office Beachy Beach Real Estate 17651 Panama City Beach Pkwy Suite 3, Panama City Beach, FL (850) 233-4351
Listing date Jun 10, 2026
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.
The property is positioned between the Gulf of Mexico and Grand Lagoon, and the remarks describe nearby access to beaches, marinas, Rick Selzer Park, a boat ramp, and dining and entertainment options in the South Lagoon area.
Offered as an appraised-value project, appraisal and repair-related information is available upon request. The listing notes the appraised value reflects the current condition and contractor estimates for needed repairs.
Key Highlights
- Currently under contract; seller will consider backup offers.
- Duplex built in 1975 with block construction, approximately 1,868 SF total.
- Two units with 4 bedrooms and 3 bathrooms (2/2 and 2/1 unit mix).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.9k | $20.40 |
| − Vacancy | −$5.8k | −$3.12 |
| EGI | $32.1k | $17.28 |
| − OpEx | −$9.6k | −$5.18 |
| NOI | $22.5k | $12.10 |
