5115 Gulf Dr #409, Panama City, FL 32408
The Premier Property Group
Homes for Sale Under 800K in Lower Grand Lagoon, FL
239 Homes for Sale
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Building 8 Units Available
Unit #409
3D Tour
$779,000
6
4Bds
4Ba
2,155sqft
Single family home for sale
Christies International Real Estate Emerald Coast
Price Drop: $45K
5218 Beach Dr, Panama City, FL 32408
Fun Quest Vacation Rentals Corp
Building 1 Unit Available
3D Tour
6505 Thomas Dr #215, Panama City, FL 32408
Counts Real Estate Group Inc
Building 18 Units Available
Unit #215
$749,000
7
--Bds
--Ba
0.09acre lot
Land for sale
Berkshire Hathaway Homeservices Beach Properties Of Florida
6505 Thomas Dr #415, Panama City, FL 32408
Beachy Beach Real Estate
6415 Thomas Dr #1405, Panama City, FL 32408
Berkshire Hathaway Homeservices Beach Properties Of Florida
Building 3 Units Available
Unit #1405
The Princess Condominiums
$725,000 - $1,450,000
2 Beds
$725k+
3 Beds
$899k+
4+ Beds
$1.1M+
$725,000
17
3Bds
3Ba
1,152sqft
Single family home for sale
Beach Haven Realty
Price Drop: $24K
7205 Thomas Dr #E1701, Panama City, FL 32408
Bright Realty Solutions
Building 13 Units Available
Unit #E1701
7205 Thomas Dr
$450,000 - $949,000
2 Beds
$450k+
3 Beds
$667.5k+
$724,900
11
3Bds
2Ba
1,100sqft
Single family home for sale
Lokation Real Estate
$719,900
7
4Bds
3Ba
1,988sqft
Single family home for sale
Dalton Wade Inc
Price Drop: $200
6201 Thomas Dr #1008, Panama City, FL 32408
Realty Mark Associates
Building 7 Units Available
Unit #1008
Watercrest Condos
$569,500 - $2,700,000
2 Beds
$569.5k+
3 Beds
$685k+
$699,000
11
--Bds
--Ba
0.17acre lot
Land for sale
Coastal Real Estate Group, Inc
$699,000
5
3Bds
2Ba
1,431sqft
Single family home for sale
Century 21 Ryan Realty Inc
6201 Thomas Dr #809, Panama City, FL 32408
Lowest Fee Realty Llc
$689,000
3
3Bds
3Ba
1,707sqft
Single family home for sale
Compass Florida, Llc
Price Drop: $14.6K
6201 Thomas Dr #1607, Panama City, FL 32408
Realty Mark Associates
Price Drop: $65K3D Tour
6323 Thomas Dr #104B, Panama City, FL 32408
Century 21 Ryan Realty Inc
Building 2 Units Available
Unit #104B
6323 Thomas Dr
$675,000 - $1,450,000
2 Beds
$675k+
3 Beds
$1.4M+
$675,000
7
3Bds
2Ba
1,069sqft
Single family home for sale
Sims Resort Realty, Inc
6609 Thomas Dr #205, Panama City, FL 32408
Era Neubauer Real Estate Inc
Building 1 Unit Available
Unit #205
3D Tour
7205 Thomas Dr #E1206, Panama City, FL 32408
Counts Real Estate Group Inc
$650,000
8
--Bds
--Ba
0.19acre lot
Land for sale
Century 21 Commander Realty
$650,000
2
--Bds
--Ba
0.29acre lot
Land for sale
Century 21 Commander Realty
6201 Thomas Dr #609, Panama City, FL 32408
Miller & Associates Realty
$650,000
2
--Bds
--Ba
0.29acre lot
Land for sale
Century 21 Commander Realty
$650,000
7
3Bds
3Ba
1,786sqft
Single family home for sale
Hitchcock Real Estate Llc
3D Tour
$649,000
3Bds
3Ba
1,716sqft
Single family home for sale
Legacy Premier Agency
$640,000
4
3Bds
2Ba
1,018sqft
Single family home for sale
Scenic Sotheby'S International Realty
Price Drop: $11K
5004 Thomas Dr #808, Panama City Beach, FL 32408
Keller Williams Success Realty
Building 5 Units Available
Unit #808
3D Tour
5004 Thomas Dr #1507, Panama City Beach, FL 32408
Century 21 Ryan Realty Inc
6201 Thomas Dr #702, Panama City, FL 32408
Keller Williams Success Realty
Hot
$625,000
16
3Bds
2Ba
1,267sqft
Single family home for sale
Beach Haven Realty
$624,900
7
4Bds
3Ba
1,966sqft
Single family home for sale
Legacy Premier Agency
$610,000
5
3Bds
2Ba
1,341sqft
Single family home for sale
Compass Florida, Llc
3707 Mystic St #A-B, Panama City, FL 32408
Legacy Premier Agency
Building 1 Unit Available
Unit #A-B
3D Tour
4425 Thomas Dr #309T, Panama City, FL 32408
Counts Real Estate Group Inc
Building 1 Unit Available
Unit #309T
$595,000
6
--Bds
--Ba
0.16acre lot
Land for sale
Century 21 Commander Realty
$590,000
6
3Bds
3Ba
1,446sqft
Single family home for sale
Century 21 Ryan Realty Inc
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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, 12:00 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
239
Homes Available
$ 522,500
Median List Price
49 Days
Avg on Market
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