5403 S Lagoon Drive, Panama City, FL 32408 (MLS# 785138)

Homestead: No

HOA Fee: No

New Buyer Fee: No

Last Taxes: 4298

Last Tax Year: 2025

Block: R

Brokerage Interest: No Interest

Section: 16

Range: 15W

List Price/SqFt: 260.92

Status: Active

List Date: 2026-02-09

List Price: $430,000

Current Price: $430,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: No

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: From Thomas Dr. Take Dolphin Dr. towards the Lagoon and turn right onto S. Lagoon Dr. Lagoon to the dead end second to last house on the right.

Area: 03 - Bay County - Beach

Street #: 5403

Street Direction: S

Street Name: Lagoon

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Biltmore Beach

Parcel ID: 31961-000-000

Legal Description: BILTMORE BEACH LOT 16 BLK R ORB 4611 P 1528

Acreage: 0.14

Design: Beach House

Lot Size (SqFt): 5968

Apx SqFt(Htd/Cooled): 1648

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: 50 x 125

New Construction: No

Garage Y/N: No

Covered Spaces: 1

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 1978

Remarks: Private coastal retreat in East Panama City Beach with short-term rentals allowed - ideal for a full-time residence, second home, or vacation rental investment! This 3 BR/2BA home offers 1,648 sq ft in a golf cart-friendly community just 0.5 mile to nearby beach access. Roof is approximately 5 years old. Furnishings and golf cart are negotiable. Designed in a relaxed coastal boho style, the home features a spacious open living area perfect for entertaining or unwinding after a day at the beach. The kitchen is equipped with stainless steel appliances and flows seamlessly into the main living space, while durable vinyl plank and ceramic tile flooring throughout provide both style and easy maintenance. The primary suite includes an en-suite bath with walk-in shower, and two additional bedrooms share a bath with a tub/shower combination-comfortable for guests, family, or rental flexibility. Outside, enjoy the low-maintenance landscaping and a generous backyard with room to add an in-ground pool. A covered carport and hardwired workshop shed-complete with its own panel and ready for a split HVAC system-offers excellent potential for a home office, studio, or additional living space. Double-gate rear access from Biltmore Drive adds convenience for boat storage and accessibility. Launch your boat just 2 minutes away at the Dolphin Boat Ramp! Coastal lifestyle, income potential, and everyday comfort all come together in this versatile beach property tucked in a private cul-de-sac in the South Lagoon area. *All measurements and information are approximate, please verify if important.

First: 1

First: 1

Dishwasher: 1

Dryer: 1

ENERGY STAR Qualified Appliances: 1

Ice Maker: 1

Oven - Electric: 1

Range - Electric: 1

Range Hood: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Floor - Tile: 1

Floor - Vinyl Plank: 1

Lighting - Recessed: 1

Window - Treatment All: 1

Brick: 1

Foundation - Slab on Grade: 1

Roof - Dimensional Shg: 1

Trim - Wood: 1

Fenced Back Yard: 1

Patio Open: 1

Porch Covered: 1

Shed(s): 1

Workshop: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Furnished: 1

First: 1

First: 1

Cul-De-Sac: 1

Within 1/2 Mile to Water: 1

Carport Attached: 1

Driveway: 1

RV Access/Parking: 1

MBath Shower Only: 1

Resid Single Family: 1

Bedroom: 1

Bonus Room: 1

Kitchen: 1

Laundry: 1

Living Room: 1

Master Bedroom: 1

Electricity - Connected: 1

Internet - Broadband Available: 1

Internet - Fiber Optic: 1

Public Water - Available: 1

Septic Tank: 1

Lagoon: 1

First: 1

First: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

Smoke Detector(s): 1