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

List Price/SqFt: 180.11

Status: Active

List Date: 2026-06-10

List Price: $335,000

Current Price: $335,000

Unit #: A & B

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: No

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.

Area: 03 - Bay County - Beach

Street #: 7931

Street Direction: S

Street Name: Lagoon

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Silver Sands Beach

Parcel ID: 30196-540-000

Legal Description: SILVER SANDS UNIT 2 LOT 14 BLK F ORB 1943 P 1887 ORB 2500 P 538

Acreage: 0.11

Design: Duplex

Lot Size (SqFt): 4356

Apx SqFt(Htd/Cooled): 1860

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 1

# of Units in Bldg: 2

Lot Dimensions: 50.0 ft x 95.0 ft

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Duplex Multi-Units

Bedrooms: 4

Full Baths: 3

Total Baths: 3

Year Built: 1975

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: 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.

Cooktop - Electric: 1

Dishwasher: 1

Dryer: 1

Oven - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Floor - Tile: 1

Block: 1

Cash: 1

Conventional: 1

Unfurnished: 1

Floor - Carpet: 1

First: 1

City Street: 1

Parking Lot: 1

Unpaved: 1

Resid Multi-Family: 1

Bedroom: 1

Living Room: 1

Primary Bedroom: 1

Cable - Available: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

As Is: 1

Other - See Remarks: 1

First: 1

Second: 1

Second: 1

Central Air: 1

Electric: 1

Multi Units: 1

Electric: 1

MBed First Floor: 1

MBath Shower/Tub Combo: 1