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$345,000

Est. payment - /mo

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3 Beds

2 Baths

2,220 SqFt

Price Dropped by $17K

5501 Lagoon WAY Panama City Beach, FL 32408

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Randall Fisher

realtor@coastalsunrealty.com +1(850) 249-2050

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,220 sqft

Price per Sqft $155

Subdivision Biltmore Beach

MLS Listing ID 771218

Style Contemporary

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1977

Annual Tax Amount $634

Tax Year 2024

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Detached

Property Description

Just five blocks from the sugar-white sands of Panama City Beach and within walking distance to the lagoon and a public boat ramp, 5501 Lagoon Way offers a unique opportunity in a prime coastal location. This 3-bedroom, 2-bathroom home features a flex space off the Florida room, ideal for a home office, playroom, or hobby area. Originally a 2-bedroom, 1-bath layout, the home was expanded to include a third bedroom and second full bathroom through a garage conversion that was previously used as a private beauty salon. A wood-burning fireplace adds charm to the main living area, and while the home showcases a vintage design, several major system upgrades have been completed. Recent improvements include storm-rated double-pane vinyl windows installed in 2024, a roof replacement in 2019, and updated wood siding on the back of the home in 2022 with new base trim around the entire exterior. The HVAC system was replaced around 2017, and the Whirlpool water heater, 2022 stainless steel LG refrigerator, and 2021 Samsung front-load washer and dryer offer modern comfort and efficiency. The addition was fully insulated, and the home is located in Flood Zone X. The septic system is situated in the front yard for easy access. Please note that items in the sunroom and the salon dryer chair do not convey. All information is deemed reliable but not guaranteed. Buyer to verify all information.

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Interior Features Breakfast Bar, Split Bedrooms, Storage

Heating Central, Electric, Fireplace(s)

Cooling Central Air, Electric, Window Unit(s)

Furnishings Unfurnished

Fireplace Yes

Appliance Dryer, Dishwasher, Electric Oven, Refrigerator, Washer

Exterior

Parking Features Carport, Driveway

Fence Fenced

Community Features Short Term Rental Allowed

Utilities Available Cable Connected, Septic Available, Trash Collection

Roof Type Shingle

Porch Covered, Patio

Building

Lot Description Interior Lot

Story 1

Foundation Slab

Sewer Septic Tank

Architectural Style Contemporary

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Tax ID 31841-000-000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Listed As-Is

Virtual Tour https://www.zillow.com/view-imx/c90753de-5e22-4151-8a12-aa960317b9c0?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Listed by Coldwell Banker Realty

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Randall Fisher

Broker | BDBK644509

+1(850) 249-2050

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5501 Lagoon WAY Panama City Beach, FL 32408

Randall Fisher

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