7931 S Lagoon Drive A & B, Panama City, FL 32408 (MLS# 791135)

7931 S Lagoon Drive A & B, Panama City, FL 32408

New Listing

$335,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,860 Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $335,000 List Date: 6/11/2026 Last Modified: 6/11/2026

Overview

Description

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, 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 improvements. 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 … (Read more)

Listing Details MLS# 791135

Contract Info

List Price/SqFt: 180.11

Location

Area: 03 – Bay County – Beach
Street #: 7931
Street Direction: S
Street Name: Lagoon
Street Suffix: Drive
Unit #: A & B
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Silver Sands Beach
Community/Resort: None
Waterfront: No
Parcel ID: 30196-540-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Going west on Thomas Drive, right on Utes, left on Beach, right on Oceanview Dr and left on South Lagoon. Duplex on left.
Legal Description: SILVER SANDS UNIT 2 LOT 14 BLK F ORB 1943 P 1887 ORB 2500 P 538

General Property Info

Sub-Type: Duplex Multi-Units
Design: Duplex
Apx SqFt(Htd/Cooled): 1860
SqFt Source: Prop App Site
Full Baths: 3
Total Baths: 3
# of Stories in Building: Yes
# of Units in Bldg: 2
Year Built: 1975
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 50.0 ft x 95.0 ft
Acreage: 0.11
Lot Size (SqFt): 4356
Pool: No

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 2670.04
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Township: Panama City Bea

Remarks & Misc

Remarks: 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, 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 improvements. 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.

Appliances

Cooktop – Electric: Yes
Dishwasher: Yes
Dryer: Yes
Oven – Electric: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Electric: Yes

More Information

Interior Features

Floor – Tile: Yes

Construction/Siding

Block: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Unfurnished: Yes

Interior

Floor – Carpet: Yes

Living Room

First: Yes

Lot Access

City Street: Yes

Parking Features

Parking Lot: Yes
Unpaved: Yes

Present Zoning

Resid Multi-Family: Yes

Rooms

Bedroom: Yes
Living Room: Yes
Primary Bedroom: Yes

Utilities

Cable – Available: Yes
Electricity – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Sale Type

As Is: Yes
Other – See Remarks: Yes

Primary Bedroom

First: Yes
Second: Yes

Bedroom

Second: Yes

Cooling

Central Air: Yes
Electric: Yes
Multi Units: Yes

Heating

Electric: Yes

Primary Bdrm/Primary Bath

MBed First Floor: Yes

Primary Bath/Primary Bdrm

MBath Shower/Tub Combo: Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Dryer; Oven – Electric; Refrigerator; Washer; Water Heater – Electric Primary Bedroom: First; Second Bedroom: Second Cooling: Central Air; Electric; Multi Units Heating: Electric Financing: Cash; Conventional Furnished: Unfurnished Interior: Floor – Carpet Living Room: First Lot Access: City Street Parking Features: Parking Lot; Unpaved Rooms: Bedroom; Living Room; Primary Bedroom Sale Type: As Is; Other – See Remarks Utilities: Cable – Available; Electricity – Connected; Public Sewer – Connected; Public Water – Connected Present Zoning: Resid Multi-Family

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Living Room	First	21 x 16	21.00	16.00	Unit B
Master Bedroom	First	17 x 11	17.00	11.00	Unit B
Bedroom	Second	17 x 12	17.00	12.00	Unit A
Master Bedroom	Second	13 x 12	13.00	12.00	Unit A

Listing Office: Beachy Beach Real Estate

Last Updated: June – 11 – 2026

Information deemed reliable but not guaranteed.