7005 S Lagoon Drive, Panama City Beach, FL 32408 (MLS# 791330)

List Price/SqFt: 367.65

Status: Active

List Date: 2026-06-14

List Price: $425,000

Current Price: $425,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: Holiday Beach

Waterfront: No

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: From Thomas Drive go North on Venus St to the end, right on South Lagoon.

Area: 03 - Bay County - Beach

Street #: 7005

Street Direction: S

Street Name: Lagoon

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Holiday Beach Unit 13

Parcel ID: 30808-070-000

Legal Description: HOLIDAY BEACH UNIT #13 LOT 9 BLK W ORB 4797 P 1644

Acreage: 0.14

Design: Beach House

Lot Size (SqFt): 6098

Apx SqFt(Htd/Cooled): 1156

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 1

Lot Dimensions: 55.0 ft x 117.0 ft

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 1978

Homestead: No

HOA Fee: No

New Buyer Fee: No

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: Welcome to The Flip Flop House, a proven vacation rental opportunity just minutes from the sugar-white sands of Panama City Beach. Offered fully furnished and already established as an Airbnb ''Guest Favorite,'' this turnkey property is ready to start generating income from day one. Featuring 3 bedrooms and 2 bathrooms, this beautifully updated beach retreat combines coastal charm with smart investment appeal. Guests love the prime location that is nestled in a quiet neighborhood with no HOA restrictions, yet within walking distance of public beach access (Richard Selzer Park), and just minutes from St. Andrews State Park, waterfront dining, shopping, and local attractions. Inside, you'll find a bright and inviting interior with coastal-inspired finishes, spacious bedrooms, and a thoughtfully renovated kitchen showcasing granite countertops, white shaker cabinetry, custom tile backsplash, and upgraded stainless steel appliances. Luxury vinyl plank flooring runs throughout the home, providing durability and easy maintenance ideal for short-term rental use. Enjoy tranquil views of Grand Lagoon from the property, adding to the relaxed coastal atmosphere guests seek. Recent improvements include updated bathrooms, impact-resistant vinyl windows, a metal roof installed in 2022, and dual water heaters for added guest comfort. Outside, the large backyard offers plenty of space for entertaining, grilling, and relaxing under the covered patio. Boat owners will appreciate the on-site boat parking and the public boat ramp located just two blocks away, making it easy to enjoy fishing, boating, and waterfront adventures. Whether you're looking to expand your investment portfolio, secure a vacation getaway, or own a beach home with strong rental potential, The Flip Flop House delivers location, updates, and income-producing opportunity all in one package.

Dishwasher: 1

Dryer: 1

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Floor - Vinyl Plank: 1

Brick: 1

Foundation - Slab on Grade: 1

Roof - Metal: 1

Fenced Back Yard: 1

Patio Covered: 1

Patio Open: 1

Porch Open: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Furnished: 1

First: 1

First: 1

Landscaped: 1

Near Beach Access: 1

Driveway: 1

Oversized: 1

Resid Single Family: 1

Bedroom: 1

Kitchen: 1

Living Room: 1

Primary Bedroom: 1

ShowingTime: 1

Public Water - Connected: 1

Septic Tank: 1

First: 1

First: 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

MBath Shower Only: 1

Smoke Detector(s): 1