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7931 S Lagoon Drive #A B

Panama City, FL 32408
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Bed 4

Bed

Bath 3

Bath

Acres0.11

Acre(Lot)

INVESTOR OPPORTUNITY IN THE HEART OF SOUTH LAGOON! Positioned between the Gulf of Mexico and Grand Lagoon, this duplex offers an exceptional opportunity to renovate, reposition, and maximize income potential in one of Panama City Beach's most sought-after areas. Featuring two units with a combined 4 bedrooms, 3 bathrooms, (2/2 & 2/1) and approximately 1,868 square feet, this property is ideally located near beaches, marinas, Rick Selzer Park, boat ramp, restaurants, entertainment venues, and all that the South Lagoon area has to offer. Whether your vision is long-term rentals, seasonal occupancy, or a personal beach retreat with income-producing potential, the possibilities are abundant. The roof was replaced approximately five years ago, providing a valuable head start for future impro vements. The property is being offered at appraised value that was determined by an appraiser in May 2026. The appraisal considered both the property's current condition and contractor estimate for needed repairs. For investors, builders, and buyers seeking a project in a prime location, opportunities like this are becoming increasingly difficult to find. Bring your vision and unlock the potential of this well-located duplex just minutes from the beach, boating, dining, and entertainment. Appraisal and repair-related information available upon request.

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Detail Ic Property Details

Property Type : Residential

Price : $335,000

AD Id : 82887998

MLS Id : 791135

Beds : 4

Lot Size : 0.11 Acre

Year Built : 1975

County : Bay

Subdivision: Windmark

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Rooms Total: 4
  • Interior Features

    MainLevelPrimary, TubShower
    Appliances: ElectricCooktop, ElectricOven, ElectricWaterHeater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: CentralAir, MultiUnits

  • Building Information

    Year Built: 1975
    Building Area Total: 1860
    Construction Materials: Block
    Stories: 1
    Private Pool: No

  • Lot Information

    Lot Dimensions: 50.0 ft x 95.0 ft Main Square Feet: 0.11 Lot Size Acres: 0.11 Lot Size Square Feet: 4,356

    Property Information

    Subdivision: Silver Sands Beach Source Property Type: Residential MLS Area Minor: 0323 - Beach - South of Grand Lagoon Zoning Description: Resid Multi-Family Property SubType: Duplex Levels: One Property Age: 51

  • Listing Price Information

    Listing Price: $335000

  • Tax Information

    Parcel Number: 30196-540-000 Tax Year: 2025 Annual Tax: $2670.04 Tax Legal Desc: SILVER SANDS UNIT 2 LOT 14 BLK F ORB 1943 P 1887 ORB 2500 P 538

  • School Information

    Elementary School: Patronis Junior High School: Surfside Senior High School: Arnold
  • Utility Information

    ElectricityAvailable
  • Location Information

    Direction: Going west on Thomas Drive, right on Utes, left on Beach, right on Oceanview Dr and left on South Lagoon. Duplex on left.
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/12/2026 @ 03:53

MLS: 791135 LISTED BY: Barbara Wade, Beachy Beach Real Estate 850-233-4351 SOURCE: CPAR

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