8120 S Lagoon Drive, Panama City, FL 32408 (MLS# 789058)

8120 S Lagoon Drive, Panama City, FL 32408

New Listing

$1,475,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,625 Lot Size (sq. ft.): 9,322 Status: Active

Current Price: $1,475,000 List Date: 4/29/2026 Last Modified: 4/29/2026

Overview

Description

***OPEN HOUSE! SAT, MAY 2 from 10AM-12PM*** Experience the ultimate waterfront lifestyle with this fully remodeled coastal retreat on Grand Lagoon! Ideally positioned just minutes from the Gulf, this exceptional property offers a rare combination of modern luxury, deep-water access, and outstanding short-term rental potential, all with no HOA restrictions. Thoughtfully renovated from top to bottom, the home features 5 bedrooms and 4 full bathrooms, including a spacious converted garage that serves as a private fifth bedroom with its own en-suite full bath. This flexible space can also function as a game or hobby room, making it ideal for maximizing rental occupancy and guest experience. The layout is well designed with two bedrooms on the first floor and the primary suite plus two additional bedrooms on the second level. Upon entering, the bright, contemporary design showcases fresh paint, updated lighting, and stylish fixtures throughout. New flooring flows seamlessly across t … (Read more) ***OPEN HOUSE! SAT, MAY 2 from 10AM-12PM*** Experience the ultimate waterfront lifestyle with this fully remodeled coastal retreat on Grand Lagoon! Ideally positioned just minutes from the Gulf, this exceptional property offers a rare combination of modern luxury, deep-water access, and outstanding short-term rental potential, all with no HOA restrictions. Thoughtfully renovated from top to bottom, the home features 5 bedrooms and 4 full bathrooms, including a spacious converted garage that serves as a private fifth bedroom with its own en-suite full bath. This flexible space can also function as a game or hobby room, making it ideal for maximizing rental occupancy and guest experience. The layout is well designed with two bedrooms on the first floor and the primary suite plus two additional bedrooms on the second level. Upon entering, the bright, contemporary design showcases fresh paint, updated lighting, and stylish fixtures throughout. New flooring flows seamlessly across the home with no carpet, creating a clean and low-maintenance environment ideal for both full-time living and high-traffic use. The fully redesigned kitchen is a standout, featuring white cabinetry, sleek countertops, and brand-new appliances that offer both style and functionality. Two of the three upstairs bedrooms feature private balconies with water views. Outdoors is resort-style living at its finest! The backyard is built for entertaining, complete with a gunite pool, relaxing spa, and multiple levels of newer Trex composite decking all with lagoon views. For the boating and water enthusiasts, this property is exceptionally well equipped with deep-water frontage and an incredible covered dock! One side features a 40′ x 20′ roof over a 24,000 lb boat lift that can accommodate approximately a 35′ boat. The second dock includes a 16′ x 24′ roof over a 12,000 lb lift suited for up to 21′. Two jet ski float pads provide additional convenience and storage. This convenient location provides easy access to St. Andrews Bay, Shell Island, and the Gulf. Situated on a quiet stretch of South Lagoon Drive and only a few blocks from the area’s renowned beaches, Rick Seltzer Park, and multiple dining options, this property is ideally positioned to capitalize on Panama City Beach’s strong vacation rental demand. Whether utilized as a primary residence, second home, or income-producing investment, this turnkey waterfront property delivers exceptional versatility and value. Schedule your showing today. A walk-through video is available

Open Houses

Saturday, May 2, 10:00 am – 12:00 pm

Listing Details MLS# 789058

Contract Info

List Price/SqFt: 561.9

Location

Area: 03 – Bay County – Beach
Street #: 8120
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: Silver Sands Unit 1
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 30196-073-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Travel from Front Beach Road, and turn south onto Joan Avenue. From Joan Avenue turn left onto Thomas Drive and travel east approximately 1 mile. Turn left onto Silver Sands Road and travel until it dead ends. 8120 South Lagoon Drive is at the end of Silver Sands Road right in front of the intersection of Silver Sands Road and South Lagoon Drive.
Legal Description: SILVER SANDS UNIT 1 LOT 14 BLK D ORB 4600 P 2086

General Property Info

Sub-Type: Detached Single Family
Design: Contemporary
Apx SqFt(Htd/Cooled): 2625
SqFt Source: Prop App Site
Full Baths: 4
Total Baths: 4
Year Built: 1983
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 176×53
Acreage: 0.21
Lot Size (SqFt): 9322
Pool: Yes
Pool Type: Private

Waterfront Feature

Waterfront Feet: 53
Boatlift: Yes
Dock: Yes

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 10731
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: ***OPEN HOUSE! SAT, MAY 2 from 10AM-12PM*** Experience the ultimate waterfront lifestyle with this fully remodeled coastal retreat on Grand Lagoon! Ideally positioned just minutes from the Gulf, this exceptional property offers a rare combination of modern luxury, deep-water access, and outstanding short-term rental potential, all with no HOA restrictions. Thoughtfully renovated from top to bottom, the home features 5 bedrooms and 4 full bathrooms, including a spacious converted garage that serves as a private fifth bedroom with its own en-suite full bath. This flexible space can also function as a game or hobby room, making it ideal for maximizing rental occupancy and guest experience. The layout is well designed with two bedrooms on the first floor and the primary suite plus two additional bedrooms on the second level. Upon entering, the bright, contemporary design showcases fresh paint, updated lighting, and stylish fixtures throughout. New flooring flows seamlessly across the home with no carpet, creating a clean and low-maintenance environment ideal for both full-time living and high-traffic use. The fully redesigned kitchen is a standout, featuring white cabinetry, sleek countertops, and brand-new appliances that offer both style and functionality. Two of the three upstairs bedrooms feature private balconies with water views. Outdoors is resort-style living at its finest! The backyard is built for entertaining, complete with a gunite pool, relaxing spa, and multiple levels of newer Trex composite decking all with lagoon views. For the boating and water enthusiasts, this property is exceptionally well equipped with deep-water frontage and an incredible covered dock! One side features a 40' x 20' roof over a 24,000 lb boat lift that can accommodate approximately a 35' boat. The second dock includes a 16' x 24' roof over a 12,000 lb lift suited for up to 21'. Two jet ski float pads provide additional convenience and storage. This convenient location provides easy access to St. Andrews Bay, Shell Island, and the Gulf. Situated on a quiet stretch of South Lagoon Drive and only a few blocks from the area's renowned beaches, Rick Seltzer Park, and multiple dining options, this property is ideally positioned to capitalize on Panama City Beach's strong vacation rental demand. Whether utilized as a primary residence, second home, or income-producing investment, this turnkey waterfront property delivers exceptional versatility and value. Schedule your showing today. A walk-through video is available

More Information

Pool Features

Inground: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Oven – Electric: Yes
Refrigerator: Yes

Construction/Siding

Roof – Metal: Yes

Exterior

Balcony: Yes
Fenced Privacy: Yes

Furnished

Unfurnished: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Waterfront: Yes

Lot Access

Paved Road: Yes

Parking Features

Driveway: Yes

Rooms

Bedroom: Yes
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Showing

ShowingTime: Yes

Utilities

Electricity – Connected: Yes

Waterview

Lagoon: Yes

Sale Type

As Is: Yes

Waterfront Type

Lagoon/Estuary: Yes

Master Bedroom

Second: Yes

Bedroom

First: Yes
Second: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Property Features

Appliances: Dishwasher; Microwave; Oven – Electric; Refrigerator Master Bedroom: Second Bedroom: First; Second Cooling: Central Air Heating: Central Exterior: Balcony; Fenced Privacy Furnished: Unfurnished Kitchen: First Living Room: First Lot Features: Waterfront Lot Access: Paved Road Pool Features: Inground Parking Features: Driveway Rooms: Bedroom; Kitchen; Living Room; Master Bedroom Sale Type: As Is Showing: ShowingTime Utilities: Electricity – Connected Waterfront Type: Lagoon/Estuary Waterfront Feature: Boatlift; Dock Waterview: Lagoon

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Kitchen	First	12.9 x 18.1	12.90	18.10	Buyer to Verify
Living Room	First	28.5 x 15.9	28.50	15.90	Buyer to Verify
Bedroom	First	19.1 x 20.5	19.10	20.50	Buyer to Verify
Bedroom	First	11.9 x 13.8	11.90	13.80	Buyer to Verify
Bedroom	Second	15.9 x 12.2	15.90	12.20	Buyer to Verify
Bedroom	Second	16.1 x 9.9	16.10	9.90	Buyer to Verify
Master Bedroom	Second	17.8 x 22.5	17.80	22.50	Buyer to Verify

Listing Office: Coldwell Banker Realty

Last Updated: April – 29 – 2026

Information deemed reliable but not guaranteed.