102 Grand Lagoon Shores Drive 1-4, Panama City, FL 32408

$1,497,868
Property Type: Residential Bedrooms: 12 Baths: 12 Square Footage: 7,156 Lot Size (sq. ft.): 12,197 Status: Sold
Current Price: $1,559,000 List Date: 6/16/2025 Last Modified: 12/22/2025

Description

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS WOW – 2% Seller Concessions! Prime Investment: Newly Constructed Quadplex in High-Demand Panama City Beach Location Capitalize on a premier investment opportunity with this newly constructed four-unit property, ideally situated in the high-growth North Lagoon area of Panama City Beach. As the only new quadplex currently available, this property offers a significant competitive advantage in the local rental market. Four Turnkey 2-Story Units with each of the four identical, thoughtfully designed units boasts 1,789 square feet, featuring 3 bedrooms, 2.5 baths, and an attached single-car garage. Premium Rental Appeal Experiences high-end finishes and modern design throughout. The beautiful floor plan includes a generously sized laundry room, a walk-in pantry, a dedicated dining room, and a spacious kitchen with an island, all adorned with quartz countertops and champagne bronze fixtures. Gold electrical fixtures enhance every room. The first floor also features a convenient half bath for guests and an expansive living room. Upstairs, all bedrooms continue the theme of elegant gold finishes. Bathrooms are a luxurious retreat, showcasing gold and white tile, champagne bronze finishes, and quartz countertops on every vanity. This build also offers desirable lagoon views, to attract quality, long-term or short-term tenants and command top-market rent. Low Maintenance, No HOA, one year builder warranty with this brand-new construction ensures minimal capital expenditures and repairs for years to come, further benefiting from the absence of an HOA. Strategically Located being situated within an established subdivision at the east end of Panama City Beach, the property is just moments from the beach and a public boat ramp, guaranteeing strong and consistent tenant demand. Flexible Financing Available qualifying for both VA and Conventional loans, this property offers diverse strategies for acquisition and owner-occupancy. This is a rare opportunity to acquire a high-yield, low-maintenance asset, meticulously designed for maximum cash flow and long-term appreciation in one of Florida’s most robust markets.

More Information MLS# 774971

Listing Info, Tax and Legal

HOA Fee: No New Buyer Fee: No Last Taxes: 905 Last Tax Year: 2024 Brokerage Interest: Familial Interest – Listing Broker/Licensee related to owner.

Contract Info

List Price/SqFt: 217.86 Status: Sold List Date: 2025-06-16 List Price: $1,559,000 Current Price: $1,497,868

Location

Unit #: 1-4 Sub Area: 0319 – Beach – East Community/Resort: Grand Lagoon Shores Waterfront: No Elementary School: Breakfast Point Middle School: Breakfast Point High School: Arnold Directions: Take North Lagoon Dr E, Left on Grand Lagoon Shores Dr and then the property will be located on the right. Area: 03 – Bay County – Beach Street #: 102 Street Name: Grand Lagoon Shores Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Subdivision: Grand Lagoon Shores 7 Parcel ID: 30188-271-000 Legal Description: GRAND LAGOON SHORES UNIT 7 LOT 9 BLK F ORB 1634 P 1189 ORB 2207 P 1404 ORB 2512 P 2279 ORB 2596 P 422

General Property Info

Acreage: 0.28 Design: N/A Lot Size (SqFt): 12197 Apx SqFt(Htd/Cooled): 7156 Construction Status: Under Construction SqFt Source: Builders Plans Half Baths: 4 # of Stories in Building: 2 # of Units in Bldg: 4 Lot Dimensions: Irregular New Construction: Yes Garage Y/N: Yes Garage Spaces: 1 Pool: No Sub-Type: Quadplex Multi-Units Bedrooms: 12 Full Baths: 8 Total Baths: 12 Year Built: 2025

Remarks & Misc

Remarks: CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS WOW – 2% Seller Concessions! Prime Investment: Newly Constructed Quadplex in High-Demand Panama City Beach Location Capitalize on a premier investment opportunity with this newly constructed four-unit property, ideally situated in the high-growth North Lagoon area of Panama City Beach. As the only new quadplex currently available, this property offers a significant competitive advantage in the local rental market. Four Turnkey 2-Story Units with each of the four identical, thoughtfully designed units boasts 1,789 square feet, featuring 3 bedrooms, 2.5 baths, and an attached single-car garage. Premium Rental Appeal Experiences high-end finishes and modern design throughout. The beautiful floor plan includes a generously sized laundry room, a walk-in pantry, a dedicated dining room, and a spacious kitchen with an island, all adorned with quartz countertops and champagne bronze fixtures. Gold electrical fixtures enhance every room. The first floor also features a convenient half bath for guests and an expansive living room. Upstairs, all bedrooms continue the theme of elegant gold finishes. Bathrooms are a luxurious retreat, showcasing gold and white tile, champagne bronze finishes, and quartz countertops on every vanity. This build also offers desirable lagoon views, to attract quality, long-term or short-term tenants and command top-market rent. Low Maintenance, No HOA, one year builder warranty with this brand-new construction ensures minimal capital expenditures and repairs for years to come, further benefiting from the absence of an HOA. Strategically Located being situated within an established subdivision at the east end of Panama City Beach, the property is just moments from the beach and a public boat ramp, guaranteeing strong and consistent tenant demand. Flexible Financing Available qualifying for both VA and Conventional loans, this property offers diverse strategies for acquisition and owner-occupancy. This is a rare opportunity to acquire a high-yield, low-maintenance asset, meticulously designed for maximum cash flow and long-term appreciation in one of Florida’s most robust markets.

Status Change Info

Sold Price/SqFt: 209.32 Sold Price/Acre: 5349528.57 Under Contract Date: 2025-11-26 Sold Date: 2025-12-22 Sold Price: $1,497,868

Dining Room

First: 1

Appliances

Cooktop – Electric: 1 Dishwasher: 1 Microwave: 1 Oven – Electric: 1 Range – Electric: 1 Refrigerator: 1 Water Heater – Electric: 1

Interior Features

Floor – Laminate: 1 Floor – Vinyl Plank: 1 Kitchen Island: 1 Pantry: 1 Stairs: 1

Construction/Siding

Concrete: 1 Foundation – Slab on Grade: 1 Wood/Frame: 1 Roof – Asphalt: 1 Roof – Metal: 1 Siding – Hardie Board: 1 Trim – Hardie Board: 1

Exterior

Fenced Back Yard: 1 Fenced Privacy: 1 Porch Covered: 1 Porch Open: 1

Financing

Cash: 1 Conventional: 1 VA: 1

Furnished

Unfurnished: 1

Kitchen

First: 1

Living Room

First: 1

Lot Features

Corner Lot: 1 Improved Lots: 1 Landscaped: 1 Near Beach Access: 1 Near Public Boat Ramp: 1 Sidewalk: 1 Within 1/2 Mile to Water: 1

Lot Access

Paved Road: 1

Parking Features

Garage Attached: 1 Shared Driveway: 1

Mstr Bath / Mstr Bdrm

MBath Double Vanity: 1 MBath Walk-In Closet: 1 MBed Walk-in Closet: 1 MBath Shower/Tub Combo: 1

Present Zoning

County: 1 Resid Multi-Family: 1

Rooms

Bedroom: 1 Dining Room: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Utilities

Cable – Available: 1 Electric 220/240: 1 Phone – Available: 1 Sewer Available: 1 Public Water – Available: 1

Waterview

Lagoon: 1

Sale Type

As Is: 1

Master Bedroom

Second: 1

Bedroom

Second: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Heating

Central: 1

Property Features

Appliances: Cooktop – Electric; Dishwasher; Microwave; Oven – Electric; Range – Electric; Refrigerator; Water Heater – Electric Master Bedroom: Second Bedroom: Second Cooling: Ceiling Fan(s); Central Air Heating: Central Exterior: Fenced Back Yard; Fenced Privacy; Porch Covered; Porch Open Financing: Cash; Conventional; VA Furnished: Unfurnished Kitchen: First Living Room: First Lot Features: Corner Lot; Improved Lots; Landscaped; Near Beach Access; Near Public Boat Ramp; Sidewalk; Within 1/2 Mile to Water Lot Access: Paved Road Dining Room: First Parking Features: Garage Attached; Shared Driveway Rooms: Bedroom; Dining Room; Kitchen; Living Room; Master Bedroom Sale Type: As Is Utilities: Cable – Available; Electric 220/240; Phone – Available; Sewer Available; Public Water – Available Waterview: Lagoon Present Zoning: County; Resid Multi-Family

Room Information

Master Bedroom Level: Second Dimensions: 15.4 x 18.6 Length: 15.40 Width: 18.60 Dimensions: 15.4 x 18.6 Bedroom Level: Second Dimensions: 14 x 10 Length: 14.00 Width: 10.00 Dimensions: 14 x 10 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Living Room Level: First Dimensions: 13.6 x 16.8 Length: 13.60 Width: 16.80 Dimensions: 13.6 x 16.8 Kitchen Level: First Dimensions: 9.6 x 18.8 Length: 9.60 Width: 18.80 Dimensions: 9.6 x 18.8 Dining Room Level: First Dimensions: 11.6 x 12.6 Length: 11.60 Width: 12.60 Dimensions: 11.6 x 12.6 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Bedroom Level: Second Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12
Listing Office: Top Producers Real Estate Center
Last Updated: December – 22 – 2025
Information deemed reliable but not guaranteed.