8120 S Lagoon Dr, Panama City, FL 32408

Description

Experience the ultimate waterfront lifestyle with this fully remodeled coastal retreat on Grand Lagoon! Ideally positioned directly on the lagoon and just minutes from the Gulf, this exceptional property offers a rare combination of modern luxury, double boat slip deep-water access, and awesome short-term rental (STR) potential, all with no HOA restrictions. It could be perfect as a primary residence, a second home, or an income-producing investment. The seller just received a home inspection report, made updates, and is happy to share the results. This home is ready to SELL!

Thoughtfully renovated from top to bottom, the residence features 5 bedrooms and 4 full bathrooms, including a spacious converted garage that serves as a private fifth bedroom with its own en-suite full bath. This flexible space can also function as a game or hobby room, making it ideal for maximizing rental occupancy and guest experience. The layout is well designed with two bedrooms on the first floor then the primary suite and two additional bedrooms on the second level.

Upon entering, the bright, contemporary design showcases fresh paint, updated lighting, and stylish fixtures throughout. New flooring flows seamlessly across the home with no carpet, creating a clean and low-maintenance environment ideal for both full-time living and high-traffic use. The fully redesigned kitchen is a standout, featuring white cabinetry, sleek countertops, and brand-new appliances that offer both style and functionality. Two of the three upstairs bedrooms feature private balconies with water views. Plus the primary bath has a jacuzzi tub and separate shower. The home is in great shape and ready to be sold. The seller has also just replaced all 10 panes of glass in the sliders, so you get a crisp, clear view of the lagoon!

Outdoors is resort-style living at its finest! The backyard is built for entertaining, complete with a gunite pool, relaxing spa, and multiple levels of newer Trex composite decking all with lagoon views. For the boating and water enthusiasts, this property is exceptionally well equipped with deep-water frontage and an incredible covered dock! One side features a 40' x 20' roof over a 24,000 lb boat lift that can accommodate approximately a 35' boat. The second dock includes a 16' x 24' roof over a 12,000 lb lift suited for up to 21'. Two jet ski float pads provide additional convenience and storage. This convenient location provides easy access to St. Andrews Bay, Shell Island, and the Gulf. Additionally, the home has already been connected to city sewer, which is both expensive and rare in the lagoon area.

Situated on a quiet stretch of South Lagoon Drive and only a few blocks from the area's renowned beaches, Rick Seltzer Park, and multiple dining options, this property is ideally positioned to capitalize on Panama City Beach's strong vacation rental demand. Whether utilized as a primary residence, second home, or income-producing investment, this turnkey waterfront property delivers exceptional versatility and value. Schedule your showing today. A walk-through video is available