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8120 S Lagoon Drive, Panama City, FL 32408

$1,475,000
  • 8120 S Lagoon Drive, Panama City, FL 32408 Main Photo

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Active
BEDS5 BATHS4 full SQUARE FEET2,625 MLS#789058
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSilver Sands Unit 1

Property Description

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, double boat slip 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. Plus the primary bath has a jacuzzi tub and separate shower. 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. Additionally, the home has already been connected to city sewer, which is both expensive and rare in the lagoon area. 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

8120 S Lagoon Drive | MLS# 789058

This single family home located at 8120 S Lagoon Drive, Panama City, FL 32408 is currently listed for sale with an asking price of $1,475,000. This property was built in 1983 and has 5 bedrooms and 4 full baths with 2625 sq. ft. S Lagoon Drive is located in the Silver Sands Unit 1 subdivision. Search Silver Sands Unit 1 real estate on www.realtymarkllc.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Heating: Central
Home Style: Contemporary
Lot Size: 0.21 Acres
Roof Type: Metal
Taxes: $10,731
Year Built: 1983

Amenities

Boat Lift
Dock

Feature Descriptions

Appliances: Electric Oven
Community Features: Short Term Rental Allowed
Days on Site: 33
Fencing: Privacy
Lot: Paved
Lot Dimensions: 176x53
Parcel#: 30196-073-000
Patio/Porch: Balcony
Pool: In Ground, Private
Special View Info: Lagoon
Swimming Pool: Yes
Waterfront: Lagoon

Room Sizes

Primary Bedroom: 17.8 X 22.5 Level - Second
Bedroom: 16.1 X 9.9 Level - Second
Bedroom: 15.9 X 12.2 Level - Second
Bedroom: 11.9 X 13.8 Level - First
Bedroom: 19.1 X 20.5 Level - First
Living Room: 28.5 X 15.9 Level - First
Kitchen: 12.9 X 18.1 Level - First

Local Schools

High School: Arnold
Middle School: Surfside
Elementary School: Patronis

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Realty

Shown By

Agency Title: RealtyMark
Agency Phone: 888-260-0400

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Estimated Payment

$ 4,607.17 per month $3,282.71 Principal & Interest $894.25 Property Tax $430.21 Homeowner's Insurance

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All commissions are negotiable Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/01/2026. The listing information on this page last changed on 06/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 06/01/2026 12:00:01 AM EST) or Stellar MLS (last updated Sun 05/31/2026 11:43:57 PM EST) or GSMLS (last updated Sun 05/31/2026 11:55:36 PM EST) or Emerald Coast MLS (last updated Sun 05/31/2026 11:55:18 PM EST) or Central Panhandle Association of Realtors (last updated Sun 05/31/2026 11:57:18 PM EST) or Beaches MLS (last updated Sun 05/31/2026 11:57:34 PM EST) or Naples MLS (last updated Sun 05/31/2026 11:40:24 PM EST) or Bright MLS (last updated Sun 05/31/2026 11:49:15 PM EST) or OneKey MLS (last updated Sun 05/31/2026 11:53:19 PM EST). Real estate listings held by brokerage firms other than RealtyMark may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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