5115 Gulf Dr #903, Panama City, FL 32408
Exp Realty Llc
Homes for Sale Under 400K in Lower Grand Lagoon, FL
110 Homes for Sale
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Building 8 Units Available
Unit #903
6505 Thomas Dr #802, Panama City, FL 32408
Dalton Wade Inc
Building 18 Units Available
Unit #802
$399,900
7
3Bds
2Ba
1,768sqft
Single family home for sale
Corcoran Reverie
3D Tour
$399,900
7
2Bds
2Ba
968sqft
Single family home for sale
Coastal Palms Real Estate
$399,000
27
1Bd
1Ba
396sqft
Manufactured home for sale
Sims Resort Realty, Inc
8730 Thomas Dr #412, Panama City, FL 32408
Beach Time Realty, Inc
Building 13 Units Available
Unit #412
8730 Thomas Dr
$159,000 - $425,000
1 Bed
$159k+
2 Beds
$270k+
3 Beds
$339k+
6505 Thomas Dr #804, Panama City, FL 32408
Counts Real Estate Group Inc
6505 Thomas Dr #1009, Panama City, FL 32408
Counts Real Estate Group Inc
$390,000
7
3Bds
2Ba
1,147sqft
Single family home for sale
Exp Realty, Llc
$390,000
3
3Bds
2Ba
1,075sqft
Single family home for sale
Keller Williams Success Realty
4715 Thomas 309 B Dr #309B, Panama City, FL 32408
Sunshine Realty
Building 1 Unit Available
Unit #309B
$389,000
11
2Bds
2Ba
864sqft
Single family home for sale
Coastal Sun Realty Llc
5115 Gulf Dr #507, Panama City, FL 32408
Berkshire Hathaway Homeservices Beach Properties Of Florida
5115 Gulf Dr #1403, Panama City, FL 32408
Keller Williams Realty Emerald
6505 Thomas Dr #707, Panama City, FL 32408
Counts Real Estate Group Inc
Price Drop: $9K
5115 Gulf Dr #104, Panama City, FL 32408
Keller Williams Success Realty
6505 Thomas Dr #403, Panama City, FL 32408
Counts Real Estate Group Inc
$380,000
7
2Bds
2Ba
792sqft
Single family home for sale
Sims Resort Realty, Inc
$379,000
8
3Bds
2Ba
1,296sqft
Single family home for sale
Dalton Wade Inc
8200 Surf Dr #A205, Panama City Beach, FL 32408
Compass Florida, Llc
Building 1 Unit Available
Unit #A205
$374,000
13
2Bds
2Ba
936sqft
Single family home for sale
Christies International Real Estate Emerald Coast
$370,000
8
3Bds
2Ba
1,260sqft
Townhouse for sale
Legacy Premier Agency
$365,000
13
3Bds
2Ba
864sqft
Single family home for sale
Lpt Realty Llc
6213 Thomas Dr #305, Panama City Beach, FL 32408
Savvy Avenue Llc
Building 6 Units Available
Unit #305
$355,000
3
3Bds
1Ba
1,120sqft
Single family home for sale
Exp Realty, Llc
$350,000
8
2Bds
2Ba
736sqft
Single family home for sale
Sims Resort Realty, Inc
Price Drop: $15.1K
$349,000
6
2Bds
2Ba
1,114sqft
Townhouse for sale
Gulf Life Real Estate Inc
6505 Thomas Dr #904, Panama City, FL 32408
Counts Real Estate Group Inc
6213 Thomas Dr #102, Panama City, FL 32408
Scenic Sotheby'S International Realty
Price Drop: $7K
$339,900
2
--Bds
--Ba
0.05acre lot
Land for sale
Sims Resort Realty, Inc
8730 Thomas Dr #313, Panama City, FL 32408
Anchor Realty Florida
6213 Thomas Dr #506, Panama City, FL 32408
Emerald Coast Realty Inc
6213 Thomas Dr #403, Panama City, FL 32407
Keller Williams Success Realty
6213 Thomas Dr #507, Panama City, FL 32408
Counts Real Estate Group Inc
5717 Thomas #C146, Panama City, FL 32408
Virga Realty Inc
Building 1 Unit Available
Unit #C146
8730 S Thomas Dr #213, Panama City, FL 32408
Compass Florida, Llc
Building 3 Units Available
Unit #213
8730 S Thomas Dr
$230,000 - $329,000
1 Bed
$230k+
3 Beds
$329k+
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Lower Grand Lagoon, FL Housing Market Overview
Lower Grand Lagoon is a balanced market, giving buyers and sellers room to negotiate. With 6.7 months of supply and homes averaging 49 days on the market, you can make decisions without the pressure of a highly competitive market.
Status
Balanced Market
Days on Market
49
Inventory
242
Sep 2021Mar 2024Mar 2026
Median Home Price
$522,500Up 0.24%
In Mar 2026 · YoY
Sep 2021Mar 2024Mar 2026
Mortgage Rates 30-Yr Fixed
6.23%Down 0.58%
Current rate · YoY
Loan Type
30-Year Fixed
Housing Supply
- Homes For Sale
- 242 Down 0.18%
- Newly Listed Homes
- 75 Up 0.03%
- Months of Supply
- 6.7 Down 4.60%
Housing Demand
- Homes Sold
- 36 Down 0.00%
- Sale-to-List Ratio
- 96.3% Up 1.51%
- Homes Sold Above List
- 5.6% Up 1.71%
30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.
View Full Lower Grand Lagoon Market ReportNo. of Homes
Prices
No. of Homes
No. of Homes
Based on information from Central Panhandle Association of REALTORS® MLS through Oct 9, 2026, 2:30 PM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 Bay Central Panhandle Association of REALTORS®
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Lower Grand Lagoon, FL Housing Market
110
Homes Available
$ 522,500
Median List Price
49 Days
Avg on Market
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