BEDS4
BATHS3 full
SQUARE FEET1,860
MLS#791135
STATUSActive Under Contract
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSilver Sands Beach
Property Description
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Multi Units
Heating: Electric
Home Style: Duplex
Lot Size: 0.11 Acres
Stories: 1.0
Taxes: $2,670
Year Built: 1975
Amenities
Main Level Primary
Tub Shower
Feature Descriptions
Appliances: Electric Cooktop, Electric Oven, Electric Water Heater
Community Features: Short Term Rental Allowed
Days on Site: 35
Exterior: Block
Lot Dimensions: 50.0 ft x 95.0 ft
Parcel#: 30196-540-000
Parking: Parking Lot, Unpaved
Parking Notes: Parking Lot, Unpaved
Sewer: Public Sewer
Units: 2
Utilities: Electricity Available
Room Sizes
Primary Bedroom: 13 X 12 Level - Second
Bedroom: 17 X 12 Level - Second
Primary Bedroom: 17 X 11 Level - First
Living Room: 21 X 16 Level - First
Local Schools
High School: Arnold
Middle School: Surfside
Elementary School: Patronis
Listed By / Shown By
Listed By
Agency Name: Beachy Beach Real Estate
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,015.43 per month $701.05 Principal & Interest $222.50 Property Tax $91.88 Homeowner's InsuranceChange Payment Information
7931 S Lagoon Drive, Unit A & B | MLS# 791135
This multi-family property located at 7931 S Lagoon Drive, Unit A & B, Panama City, FL 32408 is currently listed for sale with an asking price of $315,000. Search Panama City real estate on www.realtymarkllc.com today.