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7122 Lagoon Drive
Panama City Beach

$1,200,000
TYPE: Land
ACRES: 0.32
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Rare opportunity to own a double waterfront lot on South Lagoon with approximately 100 feet of deep-water frontage and Gulf access. Opportunities like this are becoming increasingly difficult to find, especially with the flexibility and potential this property offers. The true value is in the land. Situated on two lots, this property offers the potential to renovate, rebuild, or redevelop. Per the county, the existing residence may be removed and the lots split, creating a unique opportunity for investors, builders, or those looking to create a custom waterfront estate. Enjoy direct waterfront access with an existing boat dock, boathouse with electric lift, and deep-water access suitable for a variety of boating needs. With its prime South Lagoon location, expansive waterfront frontage, and development potential. Bring all offers. Opportunities to acquire a double waterfront lot with Gulf access in this location are rare. There is a home currently on the property. Home demolition to be performed by buyer.

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Listing Details

MLS# 791342
Status Active
Property Type Land ( Residential )
Lot Dimensions 100.0 ft x 140.0 ft
Taxes $13141.70 in 2025

Property Features

Lot Deatils
  • Paved

Location

Elementary School Patronis
Middle School Surfside
High School Arnold
Zip Code 32408
Sub-area Beach - South of Grand Lagoon
Subdivision Holiday Beach Unit 1

Map

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Real estate property information provided by Central Panhandle Association of REALTORS® (CPAR) and Emerald Coast Association of REALTORS® (ECAR). IDX information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS. Vendor ID: 28322