8120 S Lagoon Drive, Panama City, FL 32408 (MLS# 789058)

HOA Fee: No

New Buyer Fee: No

Last Taxes: 10731

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

List Price/SqFt: 561.9

Status: Active

List Date: 2026-04-28

List Price: $1,475,000

Current Price: $1,475,000

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: Travel from Front Beach Road, and turn south onto Joan Avenue. From Joan Avenue turn left onto Thomas Drive and travel east approximately 1 mile. Turn left onto Silver Sands Road and travel until it dead ends. 8120 South Lagoon Drive is at the end of Silver Sands Road right in front of the intersection of Silver Sands Road and South Lagoon Drive.

Area: 03 - Bay County - Beach

Street #: 8120

Street Direction: S

Street Name: Lagoon

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Silver Sands Unit 1

Parcel ID: 30196-073-000

Legal Description: SILVER SANDS UNIT 1 LOT 14 BLK D ORB 4600 P 2086

Acreage: 0.21

Design: Contemporary

Lot Size (SqFt): 9322

Apx SqFt(Htd/Cooled): 2625

Construction Status: Construction Complete

SqFt Source: Prop App Site

Lot Dimensions: 176x53

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 5

Full Baths: 4

Total Baths: 4

Year Built: 1983

Remarks: ***OPEN HOUSE! SAT, MAY 2 from 10AM-12PM*** Experience the ultimate waterfront lifestyle with this fully remodeled coastal retreat on Grand Lagoon! Ideally positioned just minutes from the Gulf, this exceptional property offers a rare combination of modern luxury, deep-water access, and outstanding short-term rental potential, all with no HOA restrictions. Thoughtfully renovated from top to bottom, the home 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 and the primary suite plus 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. 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. 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

Inground: 1

Dishwasher: 1

Microwave: 1

Oven - Electric: 1

Refrigerator: 1

Roof - Metal: 1

Balcony: 1

Fenced Privacy: 1

Boatlift: 1

Dock: 1

Waterfront Feet: 53

Unfurnished: 1

First: 1

First: 1

Waterfront: 1

Paved Road: 1

Driveway: 1

Bedroom: 1

Kitchen: 1

Living Room: 1

Master Bedroom: 1

ShowingTime: 1

Electricity - Connected: 1

Lagoon: 1

As Is: 1

Lagoon/Estuary: 1

Second: 1

First: 1

Second: 1

Central Air: 1

Central: 1