8623 N Lagoon Drive C4, Panama City, FL 32408 (MLS# 793867)

Acreage: 0.03

Design: Townhome

Lot Size (SqFt): 871

Apx SqFt(Htd/Cooled): 1359

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

Accessory Dwelling Unit: No

Lot Dimensions: 17.0 ft x 65.0 ft

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Attached Single Unit

Bedrooms: 2

Full Baths: 2

Total Baths: 3

Year Built: 1984

List Price/SqFt: 147.09

Status: Active

List Date: 2026-08-11

List Price: $199,900

Current Price: $199,900

Unit #: C4

Sub Area: 0319 - Beach - East

Community/Resort: None

Waterfront: Yes

Gulf Access: No

Elementary School: Breakfast Point

Middle School: Breakfast Point

High School: Arnold

Directions: Head toward Cauley Ave,Turn left onto Laurie Ave,Turn left onto N Lagoon Dr,Turn right,Turn right, Destination will be on the left

Area: 03 - Bay County - Beach

Street #: 8623

Street Direction: N

Street Name: Lagoon

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Landward Townhouses

Parcel ID: 30197-037-000

Legal Description: 6 4S 15W -10.48A- COM 224.64' SW & 54.65' SE OF ELY COR LOT 20 GRAND LAGOON SHORES U-4 TH SE 16.50' SW 65.18' NW 16.50' NE 65.18' TO POB UNIT C-4 BLK A ORB 3536 P 869

HOA Fee: Yes

HOA Amount: 300

HOA Frequency: Monthly

HOA Annual Amount: 3600

New Buyer Fee: No

Last Taxes: 2496.22

Last Tax Year: 2025

Brokerage Interest: No Interest

Remarks: Waterfront townhome opportunity in Panama City Beach with direct lagoon views, an assigned boat slip, and deep-water access to the Gulf in less than 10 minutes. This spacious 2-bedroom, 2.5-bath residence offers approximately 1,665 square feet and a functional layout with strong potential for renovation and personalization. The main living area opens toward the waterfront, while the enclosed sunroom provides additional space to enjoy the lagoon views. The kitchen, bathrooms, flooring, and finishes are ready for updating, allowing the next owner to create a custom waterfront retreat. The community also offers a swimming pool. The approximately $300 monthly HOA fee provides substantial value and includes the boat slip assigned with the unit, roof coverage, exterior insurance, garbage service, and cable. The community roofs were replaced following Hurricane Michael, providing an important major-component update. Located along North Lagoon Drive, the property offers convenient access to boating, beaches, dining, shopping, and everything Panama City Beach has to offer. With generous square footage, direct water views, an included boat slip, and quick Gulf access, this property presents an appealing opportunity for a primary residence, second home, long-term rental, or value-add renovation.

Inground: 1

Other - See Remarks: 1

Brick: 1

Roof - Other: 1

Deck Open: 1

Other - See Remarks: 1

Other - See Remarks: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Furnished: 1

Waterfront: 1

Other: 1

Street: 1

Pool: 1

Waterfront: 1

Bedroom: 1

Primary Bedroom: 1

Sewer Available: 1

Public Water - Available: 1

Lagoon: 1

As Is: 1

Lagoon/Estuary: 1

Second: 1

Second: 1

Other - See Remarks: 1

Other - See Remarks: 1