5 months on rocket

8753 N Lagoon Dr, Panama City Beach, FL, 32408

$1,890,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
5 Full Baths, 1 Partial
3,577 SqFt
$528/SqFt
House

Location

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8753 N Lagoon Dr, Panama City$1,890,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingBoat, Circular Driveway, Carport, Paver Block
Year Built1993
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s)
WaterfrontBoat Ramp, Boat Lift, Dock Access
ViewLagoon
MLS #758561
Lot Size0.55 Acres
StatusActive

About 8753 N Lagoon Dr

This is one of the few remaining properties between Panama City and Destin that can boast about a feature that is both rare and valuable in the Florida Panhandle: GULF ACCESS DIRECTLY FROM YOUR OWN PROPERTY AND also within walking distance of the beach. (Via Beach Access 24).This combination is almost never possible. Key Features:Prime Location: Enjoy serene waterfront living with breathtaking views.Investment Potential: Perfect for those looking to invest or create their ideal retreat.This is a rare chance to own a beautiful home in a sought-after area. Schedule your viewing today and make this gem yours before it's gone!PROJECTED POTENTIAL SHORT TERM RENTAL INCOME OF $175K ANNUALLY. Short walk to beach access 24. Sellers are also including a one year warranty for the potential buyer to ease any concerns. Welcome to a unique opportunity in PCB's hottest short-term rental market--an exceptional waterfront property with no HOA restrictions! This spacious 5-bedroom, 5.5-bathroom home offers an innovative layout with each bedroom featuring its own private bath, making it perfect for a Bed and Breakfast, VRBO, Airbnb, or simply as a luxurious primary residence.Imagine living in a slice of paradise where luxury meets laid-back comfort. The recently updated covered boat dock, complete with composite decking and a 12,000 LB boat lift, provides quick access to the Gulf of Mexico via a 5-minute boat ride through PCB's iconic Grand Lagoon.As you approach, you're greeted by a stunning canopy of ancient Live Oaks and a brand-new, high-end paved circular driveway. The property boasts panoramic views of sunrises and sunsets over the water, as well as the festive lights of the PCB beach skyline.The freshly renovated home features pristine landscaping, imported fountains that light up the night with vibrant colors, and a pool area complete with a cabana bath and an outdoor kitchen. The pool and hot/cold outdoor shower offer perfect spaces for cooling off or entertaining guests.Whether you envision hosting memorable family gatherings, intimate weddings, or simply enjoying a serene lifestyle, this property offers unparalleled flexibility and comfort. With ample space to accommodate up to 24 guests and plenty of parking, it's an investment opportunity with limitless potential. Fishing off the dock is a must, and you might even get a friendly visit from local dolphins.This rare find combines gratitude and grace, inviting you to ''live your best life now'' and create lasting memories. Don't miss out on this extraordinary waterfront retreat!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1993
  • Living Area: 3,577 SqFt

Listing Office:

  • Office Name: Keller Williams Success Realty

Interior Features

Interior Information:

  • Appliances: Convection Oven, Dryer, Dishwasher, Freezer, Disposal, Ice Maker, Microwave, Propane Cooktop, Refrigerator, Wine Cooler, Washer
  • Interior: Breakfast Bar, Bookcases, High Ceilings, Recessed Lighting, Vaulted Ceiling(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Boat Ramp, Boat Lift, Dock Access
  • View: Lagoon
  • Exterior: Deck, Sprinkler/Irrigation, Outdoor Shower

Parking Information:

  • Parking: Boat, Circular Driveway, Carport, Paver Block

Lot Features

Lot Information:

  • Lot: Landscaped, Wetlands
  • Lot Size: 0.55 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: From Pier Park in Panama City Beach, travel on Hwy 98/ PCB Pkwy east approximately 5.3 miles. Turn right onto Allison Ave for 1.3 miles then left on N Lagoon Drive. Driveway is on immediate right

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,890,000
  • Price Per SqFt: $528/SqFt

Tax Information:

  • Annual Amount: $5,957
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

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Panama City, FL

City

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

8753 N Lagoon Dr vs Panama City

161 DAYS ON ROCKET

+84 Days

$1,890,000

+$1.5M More

$528/SqFt

+$326 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $326/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #758561

Listing Office:

  • Office Name: Keller Williams Success Realty

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 07, 2004Home Sold
$647,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,957$486,367
2018$6,128$486,445
2017$6,170$486,449

History based on county public records data.

Payment Calculator

$9,500

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,733

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-454662
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.33 miles

  • Public District Grades KG-5

school-card-donut-454663
5
/10

  • Hutchison Beach Elementary School

  • 12900 Hutchison Blvd

  • 3.67 miles

  • Public District Grades KG-5

school-card-donut-454664
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.83 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,687. Residents of Panama City, FL typically earn between $35k-100k each year. Typical family type is married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8753 N Lagoon Dr

What is the listing price of this property?

The listing price of 8753 N Lagoon Dr property is $1,890,000.

What type of property is this?

The property 8753 N Lagoon Dr is a house located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 8753 N Lagoon Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,957 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 7, 2004 for $647,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8753 N Lagoon Dr has 5 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 8753 N Lagoon Dr is 3,577 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8753 N Lagoon Dr is 1993.

Rocket Homes›Florida›Bay County›Panama City›32408›8753 N Lagoon Dr

This home is located at 8753 N Lagoon Dr in Panama City Beach, FL and zip code 32408 in the Grand Lagoon Shores neighborhood. This 3,577 square foot home, which was built in 1993, sits on a 0.55 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $1,890,000.

In October 2024 more than 16 listings in Panama City, FL were sold above the asking price. During the same period more than 40 listings were sold at asking price, while more than 138 were sold below. The number of homes for sale in Panama City, FL decreased by 1.7% between September 2024 and October 2024. In October 2024 median list price was $339,477 and the average listing age was 77 days.

From Rocket Homes Real Estate and based on county public records data.

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