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$895,000

Grand Lagoon waterfront living with Gulf access! Located at 7202 S. Lagoon Drive in Panama City Beach, this 3-bedroom, 4-bath home offers approximately 2,362 square feet and a setting made for enjoying life on the water. The home features a fully equipped kitchen, spacious living areas, and a primary bedroom with an en suite bath and walk-in closet. An upper balcony and lower covered deck overlook the lagoon, providing plenty of space to relax, entertain, or simply enjoy the waterfront setting. The home has also been freshly painted throughout, with new carpet installed in the carpeted areas, giving the interior a fresh, move-in-ready feel for its new owner. Boaters will appreciate the location on Grand Lagoon with direct access toward St. Andrews Bay and the Gulf. The property also includes a double attached garage, ample driveway parking, and a lot extending approximately 130 feet from S. Lagoon Drive toward the water. The existing home and dock configuration are also reflected on the property survey. Adding further perspective to this Grand Lagoon location, the vacant waterfront lot next door sold for $699,000 in April 2026. That neighboring sale provides an interesting point of reference for the value placed on waterfront land along this stretch of S. Lagoon Drive. The location adds another dimension to the property. Grand Lagoon is known as Panama City Beach's ''Gateway to the Gulf,'' with boating, fishing, sightseeing cruises, paddleboarding and other water activities close at hand. Visit Panama City Beach Nearby St. Andrews State Park offers Gulf beaches, swimming, snorkeling, fishing, paddling and access to Shell Island. Visit Panama City Beach The Thomas Drive/Grand Lagoon area also puts local favorites such as Capt. Anderson's | Restaurant & Waterfront Market and The Grand Marlin nearby, along with marinas, charter fishing, dolphin cruises and other waterfront activities. Whether you're looking for a primary residence, beach getaway, or a home base for boating and fishing, 7202 S. Lagoon Drive combines waterfront living with convenient access to many of the experiences that make Panama City Beach special. Thank you for considering this home!

3 Beds ⋅ 4 Baths ⋅ 795857 MLS

7202 S Lagoon Drive, Panama City

$999,900

Set directly on Grand Lagoon, this thoughtfully maintained three-bedroom, two-bath residence offers 1,537 square feet of waterfront living with sweeping views and direct boating access to St. Andrew Bay and the Gulf of Mexico. Designed to make the most of its setting, the open-concept interior is filled with natural light and oriented toward the water, creating a seamless connection between the living spaces and the lagoon beyond. Outdoor living is central to the property. Trex decking extends to a covered dock with a boat lift, while three nearby boat launches add convenience for days on the water. A heated and cooled pool provides year-round enjoyment, complemented by a paver driveway and low-maintenance Bahama rock landscaping. Located just minutes from the beach, the residence is equally suited as a primary home, coastal retreat or short-term rental investment. Furnishings are negotiable, offering the opportunity for a streamlined transition into the waterfront lifestyle. With a private pool, protected dockage and convenient access to both the bay and Gulf, this Grand Lagoon residence presents an uncommon combination of comfort, recreation and location. All information and measurements are deemed reliable but are not guaranteed. Buyers should independently verify all details.

2 Beds ⋅ 2 Baths ⋅ 795396 MLS

7018 S Lagoon Drive, Panama City Beach