6722 S Lagoon Drive, Panama City, FL 32408 (MLS# 790039)

List Price/SqFt: 435.66

Status: Active

List Date: 2026-05-18

List Price: $1,185,000

Current Price: $1,185,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: Holiday Beach

Waterfront: Yes

Gulf Access: Yes

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: Thomas Drive turn North on Sabine St. Turn left on S Lagoon. West side of boat launch.

Area: 03 - Bay County - Beach

Street #: 6722

Street Direction: S

Street Name: Lagoon

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Holiday Beach Unit 1

Parcel ID: 30619-000-000

Legal Description: HOLIDAY BEACH UNIT #1 LOT 44 BLK A ORB 4329 P 892

Acreage: 0.25

Design: N/A

Lot Size (SqFt): 10890

Apx SqFt(Htd/Cooled): 2720

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

Lot Dimensions: 40x210x70x191

New Construction: No

Garage Y/N: No

Driveway Spaces: 8

Pool: No

Sub-Type: Multi Family

Bedrooms: 5

Full Baths: 4

Total Baths: 5

Year Built: 1981

Homestead: No

HOA Fee: No

Is Subject Leased: No

New Buyer Fee: No

Last Taxes: 7993

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: Welcome to S Lagoon waterfront living, where investment potential, lifestyle, and flexibility come together in one beautifully updated 3-in-1 property. Positioned directly on the water with two boat slips and a boat lift, this rare opportunity is ideal for boating enthusiasts, short-term or long-term rental income, multi-generational living, the ultimate house hacking. The main upstairs furnished dwelling features 3 bedrooms, 2.5 baths, and a spacious three-quarter wraparound balcony designed to capture breezes, water views, and the relaxed coastal lifestyle. The property has been completely updated and remodeled, offering peace of mind with all new modern interior design in 2020, Hardie board exterior in 2022, plus roof, windows, and doors updated in 2019. This level offers wide open living with windows all the way around bring the outdoors in. Almost feel like you're walking on water. The open concept means whether in the living room, kitchen of dining, the lagoon is living breathing art. In addition to the main residence, there are two separate 1-bedroom units on the main level. The waterfront apartment is fully furnished and features its own covered deck overlooking the lagoon, creating a charming retreat for guests, parents in their golden years, or rental income (short term, or long term). The second 1-bedroom unit is located street side, offering even more flexibility for extended family, tenants, or owner-occupant income potential. Whether you envision a waterfront primary residence with income-producing units, a multi-generational coastal compound, or a smart investment property in a highly desirable location, this S Lagoon property delivers rare versatility, updated design, peace of mind of a renovation, and the boating lifestyle Florida is made of.

First: 1

Second: 1

Dishwasher: 1

Dryer: 1

Range - Electric: 1

Range Hood: 1

Refrigerator: 1

Washer: 1

Floor - Vinyl Plank: 1

Kitchen Island: 1

Split Bedroom: 1

Window - Treatment All: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Balcony: 1

Deck Covered: 1

Boat Launch: 1

Boat Slip: 1

Boatlift: 1

Bulkhead/Seawall: 1

Cash: 1

Conventional: 1

VA: 1

Furnished: 1

City Street: 1

MBath Shower Only: 1

MBed Walk-in Closet: 1

Bedroom: 1

Great Room: 1

Master Bedroom: 1

ShowingTime: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Lagoon: 1

As Is: 1

Lagoon/Estuary: 1

Second: 1

First: 1

Third: 1

Central Air: 1

Mini-Split/Ductless: 1

Central: 1

Mini-Split/Ductless: 1