7931 S Lagoon DR #A & B Panama City, FL 32408
4 Beds
3 Baths
1,860 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,860 sqft
Price per Sqft $180
Subdivision Silver Sands Beach
MLS Listing ID 791135
Style Duplex
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1975
Annual Tax Amount $2,670
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Duplex
Property Description
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, (2/2 & 2/1) 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.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Main Level Primary, Tub Shower
Heating Electric
Cooling Central Air, Multi Units
Fireplace No
Appliance Electric Cooktop, Electric Oven, Electric Water Heater
Exterior
Parking Features Parking Lot, Unpaved
Community Features Short Term Rental Allowed
Utilities Available Electricity Available
Private Pool No
Building
Dwelling Type Duplex
Story 1
Entry Level One
Sewer Public Sewer
Architectural Style Duplex
Level or Stories One
New Construction No
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Restrictions Short Term Rentals Allowed
Tax ID 30196-540-000
Special Listing Condition Listed As-Is
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION