8829 N Lagoon Drive, Panama City, FL 32408 (MLS# 793814)

8829 N Lagoon Drive, Panama City, FL 32408

New Listing

$1,120,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,138 Lot Size (sq. ft.): 19,602 Status: Active

Current Price: $1,120,000 List Date: 8/10/2026 Last Modified: 8/10/2026

Overview

Description

Poseidon's Palace | Fully Furnished Turnkey Waterfront Living with Direct Access to St. Andrews Bay & the Gulf of Mexico Experience the very best of waterfront living at Poseidon's Palace, a fully furnished, turnkey North Lagoon retreat where luxury, recreation, and income-producing opportunity come together. Whether you're searching for a stunning primary residence, an unforgettable second home, or a proven income-producing vacation rental, this exceptional property offers a rare combination of modern upgrades, resort-style amenities, and an unbeatable coastal lifestyle. Perfectly positioned on North Lagoon, you'll enjoy direct boating access to St. Andrews Bay and the Gulf of Mexico from your private dock, making it easy to spend the day fishing, paddleboarding, kayaking, cruising to Shell Island, or arriving by boat at some of Panama City Beach's favorite waterfront restaurants. After a day on the water, unwind in the heated pool, soak in the year-round hot tub, or relax benea … (Read more) Poseidon’s Palace | Fully Furnished Turnkey Waterfront Living with Direct Access to St. Andrews Bay & the Gulf of Mexico Experience the very best of waterfront living at Poseidon’s Palace, a fully furnished, turnkey North Lagoon retreat where luxury, recreation, and income-producing opportunity come together. Whether you’re searching for a stunning primary residence, an unforgettable second home, or a proven income-producing vacation rental, this exceptional property offers a rare combination of modern upgrades, resort-style amenities, and an unbeatable coastal lifestyle. Perfectly positioned on North Lagoon, you’ll enjoy direct boating access to St. Andrews Bay and the Gulf of Mexico from your private dock, making it easy to spend the day fishing, paddleboarding, kayaking, cruising to Shell Island, or arriving by boat at some of Panama City Beach’s favorite waterfront restaurants. After a day on the water, unwind in the heated pool, soak in the year-round hot tub, or relax beneath the oversized covered patio overlooking your private waterfront oasis. Thoughtfully renovated with quality and craftsmanship throughout, the home underwent an extensive transformation in 2022 featuring a beautifully redesigned kitchen, fully renovated bathrooms, new luxury vinyl plank flooring throughout, fresh interior and exterior paint, new doors and hardware, recessed lighting, and a completely rebuilt dock. In 2023, the home was further enhanced with two new HVAC systems, a resort-style pool with an app-controlled gas heater, expansive paver pool deck, oversized covered patio, and a large composite waterfront deck designed for entertaining and maximizing the incredible outdoor living experience. Additional upgrades include a tankless water heater and commercial-size refrigerator and freezer, providing exceptional functionality for everyday living or hosting large gatherings. Designed to comfortably accommodate large families and groups, the spacious floor plan offers generous indoor and outdoor gathering spaces that seamlessly blend comfort, style, and functionality. Whether you’re hosting unforgettable summer barbecues, watching breathtaking sunsets from the dock, enjoying evenings beneath the string lights, or simply relaxing by the water, every detail of this home was designed to embrace the very best of waterfront living. Ideally located just minutes from the white-sand beaches of Panama City Beach, marinas, shopping, dining, entertainment, and St. Andrews State Park, you’ll enjoy the perfect balance of peaceful waterfront living with convenient access to everything the Emerald Coast has to offer. An equally compelling opportunity for investors, this home has an established track record of outstanding short-term rental performance, generating approximately $152,000 in gross rental revenue in 2024 and $170,000 in 2025. While 2026 revenue reflects a planned period during which the property was intentionally unavailable for approximately eight weeks, it should not be viewed as representative of the home’s annual income potential. Complete rental history and financial information are available upon request. Every major improvement has already been completed, allowing the next owner to simply arrive, embrace the waterfront lifestyle, and begin creating unforgettable memories–or continue the home’s proven success as one of Panama City Beach’s premier waterfront vacation rentals. An equally compelling opportunity for investors, Poseidon’s Palace has an established history as a high-performing vacation rental, generating over $322,000 in gross revenue over the past two full calendar years. While 2026 revenue reflects a planned period during which the property was intentionally unavailable for approximately eight weeks, it should not be viewed as representative of the home’s annual income potential. A detailed Property Performance & Investment Package is available upon request for qualified buyers.

Listing Details MLS# 793814

Contract Info

List Price/SqFt: 356.92

Location

Area: 03 – Bay County – Beach
Street #: 8829
Street Direction: N
Street Name: Lagoon
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 – Beach – East
Subdivision: Beachside East
Community/Resort: None
Waterfront: Yes
Gulf Access: No
Parcel ID: 30218-000-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Turn left onto Front Beach Rd Turn right onto Joan Ave Turn left onto N Lagoon Dr Turn right Home is located just off of N Lagoon.
Legal Description: 6 4S 15W -11.222- BEG 337.5' EAST & 1722.5' SOUTH OF THE NW COR OF NE1/4 OF NW1/4 TH RUN S54 E 767.65' ALONG SLY R/W LINE OF N LAGOON DR FOR POB TH CONT SELY ALONG SAID R/W LINE 100' TH 90 TO THE RIBHT 200' M/L TO WATERS OF GRAND LAGOON TO A POINT 90 FROM POB TH RUN NELY 200' M/L TO POB AKA LOT 8 BLK 3 OF LAGOON HEIGHTS UNREC. DB 234 P 63 ORB 4457 P 2096

General Property Info

Sub-Type: Detached Single Family
Design: Other
Apx SqFt(Htd/Cooled): 3138
SqFt Source: Owner Measured
Full Baths: 3
Total Baths: 3
# of Stories in Building: 2
Accessory Dwelling Unit: No
Year Built: 1967
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 100.0 ft x 200.0 ft
Acreage: 0.46
Lot Size (SqFt): 19602
Pool: Yes
Pool Type: Private
Half Baths: 0

Listing Info, Tax and Legal

HOA Fee: No
Senior Community: No
New Buyer Fee: No
Last Taxes: 9175.47
Last Tax Year: 2025
Brokerage Interest: No Interest

Remarks & Misc

Remarks: Poseidon's Palace | Fully Furnished Turnkey Waterfront Living with Direct Access to St. Andrews Bay & the Gulf of Mexico Experience the very best of waterfront living at Poseidon's Palace, a fully furnished, turnkey North Lagoon retreat where luxury, recreation, and income-producing opportunity come together. Whether you're searching for a stunning primary residence, an unforgettable second home, or a proven income-producing vacation rental, this exceptional property offers a rare combination of modern upgrades, resort-style amenities, and an unbeatable coastal lifestyle. Perfectly positioned on North Lagoon, you'll enjoy direct boating access to St. Andrews Bay and the Gulf of Mexico from your private dock, making it easy to spend the day fishing, paddleboarding, kayaking, cruising to Shell Island, or arriving by boat at some of Panama City Beach's favorite waterfront restaurants. After a day on the water, unwind in the heated pool, soak in the year-round hot tub, or relax beneath the oversized covered patio overlooking your private waterfront oasis. Thoughtfully renovated with quality and craftsmanship throughout, the home underwent an extensive transformation in 2022 featuring a beautifully redesigned kitchen, fully renovated bathrooms, new luxury vinyl plank flooring throughout, fresh interior and exterior paint, new doors and hardware, recessed lighting, and a completely rebuilt dock. In 2023, the home was further enhanced with two new HVAC systems, a resort-style pool with an app-controlled gas heater, expansive paver pool deck, oversized covered patio, and a large composite waterfront deck designed for entertaining and maximizing the incredible outdoor living experience. Additional upgrades include a tankless water heater and commercial-size refrigerator and freezer, providing exceptional functionality for everyday living or hosting large gatherings. Designed to comfortably accommodate large families and groups, the spacious floor plan offers generous indoor and outdoor gathering spaces that seamlessly blend comfort, style, and functionality. Whether you're hosting unforgettable summer barbecues, watching breathtaking sunsets from the dock, enjoying evenings beneath the string lights, or simply relaxing by the water, every detail of this home was designed to embrace the very best of waterfront living. Ideally located just minutes from the white-sand beaches of Panama City Beach, marinas, shopping, dining, entertainment, and St. Andrews State Park, you'll enjoy the perfect balance of peaceful waterfront living with convenient access to everything the Emerald Coast has to offer. An equally compelling opportunity for investors, this home has an established track record of outstanding short-term rental performance, generating approximately $152,000 in gross rental revenue in 2024 and $170,000 in 2025. While 2026 revenue reflects a planned period during which the property was intentionally unavailable for approximately eight weeks, it should not be viewed as representative of the home's annual income potential. Complete rental history and financial information are available upon request. Every major improvement has already been completed, allowing the next owner to simply arrive, embrace the waterfront lifestyle, and begin creating unforgettable memories–or continue the home's proven success as one of Panama City Beach's premier waterfront vacation rentals. An equally compelling opportunity for investors, Poseidon's Palace has an established history as a high-performing vacation rental, generating over $322,000 in gross revenue over the past two full calendar years. While 2026 revenue reflects a planned period during which the property was intentionally unavailable for approximately eight weeks, it should not be viewed as representative of the home's annual income potential. A detailed Property Performance & Investment Package is available upon request for qualified buyers.

Dining Room

First: Yes

More Information

Pool Features

Gunite Concrete: Yes
Heated – Electric: Yes
Inground: Yes
Other – See Remarks: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Freezer: Yes
Ice Maker: Yes
Microwave: Yes
Washer: Yes
Wine Refrigerator: Yes
Other: Yes

Construction/Siding

Brick: Yes
Other – See Remarks: Yes

Other Structures

Gazebo: Yes

Financing

Cash: Yes
Construction Perm: Yes
FHA: Yes
VA: Yes

Furnished

Negotiable: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

On Golf Course: Yes
Sidewalk: Yes
Other – See Remarks: Yes

Parking Features

Driveway: Yes
Other – See Remarks: Yes
Oversized: Yes

Rooms

Dining Room: Yes
Kitchen: Yes
Living Room: Yes
Primary Bedroom: Yes

Utilities

Cable – Available: Yes
TV Cable: Yes
Electricity – Connected: Yes
Electricity – Availabile: Yes
Natural Gas – Available: Yes
Natural Gas – Connected: Yes
Public Sewer – Connected: Yes
Sewer Available: Yes
Other – See Remarks: Yes

Waterview

Canal: Yes
Lagoon: Yes

Accessibility Features

Accessible Hallway(s): Yes
Accessible Kitchen: Yes

Waterfront Type

Canal w/ Gulf Access: Yes

Primary Bedroom

First: Yes

Cooling

Central Air: Yes

Heating

Central: Yes
Natural Gas: Yes

Property Features

Accessibility Features: Accessible Hallway(s); Accessible Kitchen Appliances: Dishwasher; Dryer; Freezer; Ice Maker; Microwave; Washer; Wine Refrigerator; Other Primary Bedroom: First Cooling: Central Air Heating: Central; Natural Gas Financing: Cash; Construction Perm; FHA; VA Furnished: Negotiable Kitchen: First Living Room: First Lot Features: On Golf Course; Sidewalk; Other – See Remarks Dining Room: First Pool Features: Gunite Concrete; Heated – Electric; Inground; Other – See Remarks Parking Features: Driveway; Other – See Remarks; Oversized Other Structures: Gazebo Rooms: Dining Room; Kitchen; Living Room; Primary Bedroom Utilities: Cable – Available; TV Cable; Electricity – Availabile; Electricity – Connected; Natural Gas – Available; Natural Gas – Connected; Sewer Available; Public Sewer – Connected; Other – See Remarks Waterfront Type: Canal w/ Gulf Access Waterview: Canal; Lagoon

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Primary Bedroom	First	21 x 18	21.00	18.00	Laminate
Kitchen	First	21 x 12	21.00	12.00	Laminate
Living Room	First	21 x 13	21.00	13.00	Laminate
Dining Room	First	12 x 12	12.00	12.00	Laminate

Listing Office: Lowest Fee Realty LLC

Last Updated: August – 10 – 2026

Information deemed reliable but not guaranteed.