3534 Treasure Circle, Panama City, FL 32408 (MLS# 792578)

Remarks & Misc

Remarks

*CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS* Waterfront homes with deep-water Gulf access are uncommon. A waterfront home built with Insulated Concrete Form (ICF) construction is a rare opportunity. Set on 52 feet of direct waterfront along Lower Grand Lagoon, this thoughtfully updated 4-bedroom, 4.5-bath residence offers 2,714 square feet designed for boating, entertaining, and everyday coastal living. Built with exceptional strength, energy efficiency, and storm resilience, this home combines quality construction with one of Panama City Beach's most desirable waterfront settings. Unlike many waterfront homes, this property offers a floor plan designed with privacy in mind. Each of the four spacious bedrooms features its own ensuite bathroom and private balcony, creating comfortable accommodations for owners and guests alike. The updated kitchen showcases quartz countertops, new and refinished cabinetry, a bold navy island, stainless steel appliances, and generous storage. The primary suite overlooks the lagoon and includes a sitting area, a walk-in closet, a private balcony, and a beautifully renovated bathroom completed in 2025. One secondary ensuite bathroom was also renovated in 2025, complementing the home's timeless finishes, including tile flooring throughout the main living areas and bamboo hardwood in select upstairs spaces. Recent improvements provide confidence for the next owner, including a 2019 roof, two HVAC systems installed in 2019, a 2025 renovation of the kitchen, primary bathroom, and one secondary ensuite bathroom, a saltwater pool deck resurfaced with a premium RevaFlex Limestone finish completed in 2026. These thoughtful investments allow the next owner to spend more time enjoying the home and less time planning future projects. Life here revolves around the water. Begin the day with coffee on the covered veranda as the sun rises over Lower Grand Lagoon, launch a paddleboard or kayak from your backyard, spend the afternoon boating to Shell Island or one of the area's favorite waterfront restaurants, then return home for a swim in the pool before heading back out for an evening cruise. Dolphins are frequent visitors, anglers regularly catch speckled trout, redfish, mangrove snapper, flounder, and mullet in the surrounding waters, and seasonal Grand Lagoon fireworks can often be enjoyed from the property. The property does not have a dock yet, offering a future owner the opportunity to design and install one tailored to their boating needs, subject to applicable permitting and approvals. Deep-water Gulf access makes this an exceptional setting for those who enjoy spending time on the water. Additional features include a two-car garage, no HOA, sprinkler system, and a location just minutes from St. Andrews State Park, Shell Island, marinas, shopping, dining, Naval Support Activity Panama City, Tyndall Air Force Base, and Northwest Florida Beaches International Airport (ECP). Short-term rentals are currently permitted in this area; however, this home has been enjoyed as a primary residence and has not been operated as a vacation rental. Buyers should verify current regulations and intended use. Some homes offer waterfront views. This home offers a waterfront lifestyle built around quality construction, thoughtful updates, and easy access to everything that makes Lower Grand Lagoon special. Whether you're boating to Shell Island, casting a line from your backyard, enjoying the morning sunrise over the lagoon, or relaxing beside the saltwater pool, this home is designed to be lived in and enjoyed for years to come. Strong construction. Deep-water Gulf access. Thoughtful updates. Exceptional waterfront living. Opportunities to own an ICF-built home on Lower Grand Lagoon are rare.

Dining Room

First

Yes

Pool Features

Fenced

Yes

Inground

Yes

Saltwater

Yes

Appliances

Cooktop – Electric

Yes

Dishwasher

Yes

Disposal

Yes

Dryer

Yes

Microwave

Yes

Oven – Double

Yes

Oven – Electric

Yes

Range Hood

Yes

Refrigerator

Yes

Washer

Yes

Water Heater – Electric

Yes

Wine Cooler

Yes

Interior Features

Breakfast Bar

Yes

Ceiling – Crwn Molding

Yes

Ceiling – Raised

Yes

Floor – Tile

Yes

Kitchen Island

Yes

Lighting – Recessed

Yes

Lock Out Closet

Yes

Pantry

Yes

Split Bedroom

Yes

Window – Treatment All

Yes

Construction/Siding

Concrete

Yes

Foundation – Off Grade

Yes

Roof – Dimensional Shg

Yes

Siding – Stucco

Yes

Exterior

Balcony

Yes

Columns

Yes

Deck Covered

Yes

Double Pane Windows

Yes

Fenced Lot-All

Yes

Fenced Privacy

Yes

Shower

Yes

Patio Covered

Yes

Porch Covered

Yes

Sprinkler System

Yes

Storm Windows

Yes

Financing

Cash

Yes

Conventional

Yes

Furnished

Unfurnished

Yes

Interior

Floor – Carpet

Yes

Kitchen

First

Yes

Living Room

First

Yes

Lot Features

Flood Insurance Req

Yes

Improved Lots

Yes

Landscaped

Yes

Subdivision – Recorded

Yes

Waterfront

Yes

Within 1/2 Mile to Water

Yes

Lot Access

Paved Road

Yes

Private Road

Yes

Parking Features

Driveway

Yes

Garage Attached

Yes

Present Zoning

Resid Single Family

Yes

Rooms

Bedroom

Yes

Dining Room

Yes

Kitchen

Yes

Living Room

Yes

Primary Bedroom

Yes

Utilities

TV Cable

Yes

Electricity – Connected

Yes

Garbage

Yes

Internet – Broadband Available

Yes

Lift Station

Yes

Phone – Connected

Yes

Public Sewer – Connected

Yes

Public Water – Connected

Yes

Waterview

Lagoon

Yes

Unobstructed

Yes

Sale Type

As Is

Yes

Waterfront Type

Lagoon/Estuary

Yes

Primary Bedroom

Second

Yes

Bedroom

Second

Yes

Cooling

Ceiling Fan(s)

Yes

Central Air

Yes

Electric

Yes

Heat Pump

Yes

Heating

Central

Yes

Electric

Yes

Heat Pump

Yes

Primary Bdrm/Primary Bath

MBath Double Vanity

Yes

MBath Separate Shwr

Yes

MBath Tub – Soaking

Yes

MBath Walk-In Closet

Yes

MBed Balcony

Yes

MBed Sitting Area

Yes

MBed Waterfront

Yes

Security Features

Smoke Detector(s)

Yes

Property Features