8127 N Lagoon Drive, Panama City, FL 32408

$2,000,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,384 Lot Size (sq. ft.): 37,897 Status: Active
Current Price: $2,000,000 List Date: 1/19/2026 Last Modified: 2/16/2026

Description

A rare and luxurious waterfront offering, this stunning lagoon-front residence sits on just under 1 acre, delivering privacy, breathtaking views, and an elevated coastal lifestyle. Encompassing 3,384 square feet, this 4-bedroom, 3.5-bath residence is filled with soaring ceilings, expansive windows, and an abundance of natural light that frames the serene lagoon from nearly every room. Designed for both elegant living and entertaining, the home features a remodeled kitchen that serves as the heart of the residence perfect for hosting gatherings while enjoying water views. Light pours into the living spaces, enhancing the open feel between indoor and outdoor living. The home offers three gas fireplaces, adding warmth and ambiance throughout. All windows and doors have been replaced with hurricane rated systems installed to current code. The roof was replaced in May of 2024 and includes a 10 year workman warranty. The outdoor setting is equally impressive, highlighted by a large, private pool and a dock with the potential to create a custom boat oasis. Whether relaxing poolside or launching a day on the water, the backyard provides a tranquil and luxurious escape. The entire second floor is dedicated to the primary suite, offering a private retreat complete with a spacious bedroom, en-suite bath, and a private balcony that is great for enjoying a morning coffee or watching unforgettable sunsets over the lagoon. Upon arrival, the home makes a striking first impression with a beautifully landscaped front yard, and mature trees. A 3-car garage offers generous space for vehicles or storage, adding both convenience and versatility. With its commanding waterfront presence, refined interior spaces, and exceptional outdoor potential, this extraordinary property presents a rare opportunity to own a truly refined lagoon-front retreat. Information contained within this listing such as lot dimensions, is deemed to be accurate but is not guaranteed. Buyer to verify.

More Information MLS# 783869

Listing Info, Tax and Legal

HOA Fee: No New Buyer Fee: No Last Taxes: 6594 Last Tax Year: 2025 Brokerage Interest: No Interest

Contract Info

List Price/SqFt: 591.02 Status: Active List Date: 2026-01-19 List Price: $2,000,000 Current Price: $2,000,000

Location

Sub Area: 0319 – Beach – East Community/Resort: None Waterfront: Yes Gulf Access: Yes Elementary School: Patronis Middle School: Surfside High School: Arnold Directions: From Thomas Dr. and HWY 98, go South on Thomas Drive for approximately three miles. Turn right/West onto North Lagoon Drive. The property will be on the left/South in approximately two miles. Area: 03 – Bay County – Beach Street #: 8127 Street Direction: N Street Name: Lagoon Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Subdivision: No Named Subdivision Parcel ID: 30166-044-030 Legal Description: 5 4S 15W -1.1G6- 58A3 COM AT SE COR OF SEC TH W 2591.64′ NELY 224.68′ TO SLY R/W N LAG DR NWLY 2255.80′ FOR POB TH CONT NWLY 100.07′ SWLY 380′ TO GRAND LAGOON SELY 100′ NLY 392′ M/L TO POB ORB 1545 P 75

General Property Info

Acreage: 0.87 Design: Traditional Lot Size (SqFt): 37897 Apx SqFt(Htd/Cooled): 3384 Construction Status: Construction Complete SqFt Source: Prop App Site Half Baths: 1 # of Stories in Building: 2 Lot Dimensions: 100x380x101x384 New Construction: No Garage Y/N: Yes Garage Spaces: 3 Pool: Yes Pool Type: Private Sub-Type: Detached Single Family Bedrooms: 4 Full Baths: 3 Total Baths: 4 Year Built: 1999

Remarks & Misc

Remarks: A rare and luxurious waterfront offering, this stunning lagoon-front residence sits on just under 1 acre, delivering privacy, breathtaking views, and an elevated coastal lifestyle. Encompassing 3,384 square feet, this 4-bedroom, 3.5-bath residence is filled with soaring ceilings, expansive windows, and an abundance of natural light that frames the serene lagoon from nearly every room. Designed for both elegant living and entertaining, the home features a remodeled kitchen that serves as the heart of the residence perfect for hosting gatherings while enjoying water views. Light pours into the living spaces, enhancing the open feel between indoor and outdoor living. The home offers three gas fireplaces, adding warmth and ambiance throughout. All windows and doors have been replaced with hurricane rated systems installed to current code. The roof was replaced in May of 2024 and includes a 10 year workman warranty. The outdoor setting is equally impressive, highlighted by a large, private pool and a dock with the potential to create a custom boat oasis. Whether relaxing poolside or launching a day on the water, the backyard provides a tranquil and luxurious escape. The entire second floor is dedicated to the primary suite, offering a private retreat complete with a spacious bedroom, en-suite bath, and a private balcony that is great for enjoying a morning coffee or watching unforgettable sunsets over the lagoon. Upon arrival, the home makes a striking first impression with a beautifully landscaped front yard, and mature trees. A 3-car garage offers generous space for vehicles or storage, adding both convenience and versatility. With its commanding waterfront presence, refined interior spaces, and exceptional outdoor potential, this extraordinary property presents a rare opportunity to own a truly refined lagoon-front retreat. Information contained within this listing such as lot dimensions, is deemed to be accurate but is not guaranteed. Buyer to verify.

Dining Room

First: 1

Garage

First: 1

Great Room

First: 1

Pool Features

Inground: 1 Spa/ Hot Tub: 1

Appliances

Cooktop – Electric: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Oven – Double: 1 Washer: 1

Interior Features

Breakfast Bar: 1 Ceiling – Crwn Molding: 1 Fireplace: 1 Floor – Hardwood: 1 Floor – Tile: 1 Pantry: 1

Construction/Siding

Siding – Stucco: 1

Exterior

Balcony: 1 Fenced Lot-Part: 1 Patio Covered: 1 Patio Enclosed: 1 Sprinkler System: 1

Waterfront Feature

Dock: 1

Financing

Cash: 1 Conventional: 1 Other: 1

Furnished

Unfurnished: 1

Lot Features

Waterfront: 1

Lot Access

Paved Road: 1

Parking Features

Garage Attached: 1

Mstr Bath / Mstr Bdrm

MBath Double Vanity: 1 MBath Garden Tub: 1 MBath Separate Shwr: 1 MBed Balcony: 1 MBed Fireplace: 1 MBed Walk-in Closet: 1

Rooms

Bedroom: 1 Dining Room: 1 Garage: 1 Great Room: 1 Master Bedroom: 1

Utilities

Electricity – Connected: 1 Septic Tank: 1

Waterview

Lagoon: 1

Waterfront Type

Lagoon/Estuary: 1

Master Bedroom

Second: 1

Bedroom

First: 1

Heating

Fireplace – Gas: 1 Fireplace(s): 1

Security Features

Security System: 1

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Dryer; Microwave; Oven – Double; Washer Master Bedroom: Second Bedroom: First Heating: Fireplace – Gas; Fireplace(s) Exterior: Balcony; Fenced Lot-Part; Patio Covered; Patio Enclosed; Sprinkler System Financing: Cash; Conventional; Other Furnished: Unfurnished Lot Features: Waterfront Lot Access: Paved Road Dining Room: First Great Room: First Garage: First Pool Features: Inground; Spa/ Hot Tub Security Features: Security System Parking Features: Garage Attached Rooms: Bedroom; Dining Room; Garage; Great Room; Master Bedroom Utilities: Electricity – Connected; Septic Tank Waterfront Type: Lagoon/Estuary Waterfront Feature: Dock Waterview: Lagoon

Room Information

Master Bedroom Level: Second Dimensions: 14 x 24 Length: 14.00 Width: 24.00 Dimensions: 14 x 24 Bedroom Level: First Dimensions: 12 x 14 Length: 12.00 Width: 14.00 Dimensions: 12 x 14 Bedroom Level: First Dimensions: 12 x 13 Length: 12.00 Width: 13.00 Dimensions: 12 x 13 Bedroom Level: First Dimensions: 12 x 12 Length: 12.00 Width: 12.00 Dimensions: 12 x 12 Dining Room Level: First Dimensions: 12 x 17 Length: 12.00 Width: 17.00 Dimensions: 12 x 17 Great Room Level: First Dimensions: 18 x 18 Length: 18.00 Width: 18.00 Dimensions: 18 x 18 Garage Level: First Dimensions: 22 x 24 Length: 22.00 Width: 24.00 Dimensions: 22 x 24 Garage Level: First Dimensions: 22 x 13 Length: 22.00 Width: 13.00 Dimensions: 22 x 13
Listing Office: Rosemary Beach Realty, LLC
Last Updated: February – 16 – 2026
Information deemed reliable but not guaranteed.