7005 S Lagoon Drive, Panama City Beach, FL 32408

New Listing
$425,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,156 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $425,000 List Date: 6/14/2026 Last Modified: 6/14/2026

Overview

Description

Welcome to The Flip Flop House, a proven vacation rental opportunity just minutes from the sugar-white sands of Panama City Beach. Offered fully furnished and already established as an Airbnb ''Guest Favorite,'' this turnkey property is ready to start generating income from day one. Featuring 3 bedrooms and 2 bathrooms, this beautifully updated beach retreat combines coastal charm with smart investment appeal. Guests love the prime location that is nestled in a quiet neighborhood with no HOA restrictions, yet within walking distance of public beach access (Richard Selzer Park), and just minutes from St. Andrews State Park, waterfront dining, shopping, and local attractions. Inside, you'll find a bright and inviting interior with coastal-inspired finishes, spacious bedrooms, and a thoughtfully renovated kitchen showcasing granite countertops, white shaker cabinetry, custom tile backsplash, and upgraded stainless steel appliances. Luxury vinyl plank flooring runs throughout the home, pro

Listing Details MLS# 791330

Contract Info

List Price/SqFt
367.65

Location

Area
03 – Bay County – Beach
Street #
7005
Street Direction
S
Street Name
Lagoon
Street Suffix
Drive
State
FL
Zip Code
32408
County
Bay
Sub Area
0323 – Beach – South of Grand Lagoon
Subdivision
Holiday Beach Unit 13
Community/Resort
Holiday Beach
Waterfront
No
Parcel ID
30808-070-000
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
Directions
From Thomas Drive go North on Venus St to the end, right on South Lagoon.
Legal Description
HOLIDAY BEACH UNIT #13 LOT 9 BLK W ORB 4797 P 1644

General Property Info

Sub-Type
Detached Single Family
Design
Beach House
Apx SqFt(Htd/Cooled)
1156
SqFt Source
Prop App Site
Full Baths
2
Total Baths
2
# of Stories in Building
Yes
Year Built
1978
Immediate Occupancy
Yes
Construction Status
Construction Complete
New Construction
No
Garage Y/N
No
Lot Dimensions
55.0 ft x 117.0 ft
Acreage
0.14
Lot Size (SqFt)
6098
Pool
No

Listing Info, Tax and Legal

Homestead
No
HOA Fee
No
New Buyer Fee
No
Last Tax Year
2025
Brokerage Interest
No Interest

Remarks & Misc

Remarks
Welcome to The Flip Flop House, a proven vacation rental opportunity just minutes from the sugar-white sands of Panama City Beach. Offered fully furnished and already established as an Airbnb ''Guest Favorite,'' this turnkey property is ready to start generating income from day one. Featuring 3 bedrooms and 2 bathrooms, this beautifully updated beach retreat combines coastal charm with smart investment appeal. Guests love the prime location that is nestled in a quiet neighborhood with no HOA restrictions, yet within walking distance of public beach access (Richard Selzer Park), and just minutes from St. Andrews State Park, waterfront dining, shopping, and local attractions. Inside, you'll find a bright and inviting interior with coastal-inspired finishes, spacious bedrooms, and a thoughtfully renovated kitchen showcasing granite countertops, white shaker cabinetry, custom tile backsplash, and upgraded stainless steel appliances. Luxury vinyl plank flooring runs throughout the home, providing durability and easy maintenance ideal for short-term rental use. Enjoy tranquil views of Grand Lagoon from the property, adding to the relaxed coastal atmosphere guests seek. Recent improvements include updated bathrooms, impact-resistant vinyl windows, a metal roof installed in 2022, and dual water heaters for added guest comfort. Outside, the large backyard offers plenty of space for entertaining, grilling, and relaxing under the covered patio. Boat owners will appreciate the on-site boat parking and the public boat ramp located just two blocks away, making it easy to enjoy fishing, boating, and waterfront adventures. Whether you're looking to expand your investment portfolio, secure a vacation getaway, or own a beach home with strong rental potential, The Flip Flop House delivers location, updates, and income-producing opportunity all in one package.

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Range – Electric
Yes
Refrigerator
Yes
Washer
Yes
Water Heater – Electric
Yes

More Information

Interior Features

Breakfast Bar
Yes
Floor – Vinyl Plank
Yes

Construction/Siding

Brick
Yes
Foundation – Slab on Grade
Yes
Roof – Metal
Yes

Exterior

Fenced Back Yard
Yes
Patio Covered
Yes
Patio Open
Yes
Porch Open
Yes

Financing

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Furnished

Furnished
Yes

Kitchen

First
Yes

Living Room

First
Yes

Lot Features

Landscaped
Yes
Near Beach Access
Yes

Parking Features

Driveway
Yes
Oversized
Yes

Present Zoning

Resid Single Family
Yes

Rooms

Bedroom
Yes
Kitchen
Yes
Living Room
Yes
Primary Bedroom
Yes

Showing

ShowingTime
Yes

Utilities

Public Water – Connected
Yes
Septic Tank
Yes

Primary Bedroom

First
Yes

Bedroom

First
Yes

Cooling

Central Air
Yes
Electric
Yes

Heating

Central
Yes
Electric
Yes

Primary Bdrm/Primary Bath

MBath Shower Only
Yes

Security Features

Smoke Detector(s)
Yes

Property Features

Appliances: Dishwasher; Dryer; Microwave; Range – Electric; Refrigerator; Washer; Water Heater – Electric Primary Bedroom: First Bedroom: First Cooling: Central Air; Electric Heating: Central; Electric Exterior: Fenced Back Yard; Patio Covered; Patio Open; Porch Open Financing: Cash; Conventional; FHA; VA Furnished: Furnished Kitchen: First Living Room: First Lot Features: Landscaped; Near Beach Access Security Features: Smoke Detector(s) Parking Features: Driveway; Oversized Rooms: Bedroom; Kitchen; Living Room; Primary Bedroom Showing: ShowingTime Utilities: Public Water – Connected; Septic Tank Present Zoning: Resid Single Family

Room Information

Room Name Level Dimensions Length Width
Living Room First 17 x 15 17.00 15.00
Kitchen First 15 x 15 15.00 15.00
Master Bedroom First 14 x 11 14.00 11.00
Bedroom First 11 x 11 11.00 11.00
Bedroom First 11 x 9 11.00 9.00
Listing Office: Keller Williams Success Realty
Last Updated: June – 14 – 2026
Information deemed reliable but not guaranteed.