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$1,200,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
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Prime development opportunity in the heart of Laguna Beach! Located just ~390 yards from the Gulf and near the area's highly sought-after ''Reserved Beach'', 224 E Lakeshore Drive offers exceptional upside for builders, developers, and long-term investors. This .407-acre parcel is zoned Bay County R-2 (Urban), allowing for duplexes, townhomes, and multiple dwelling units, making it ideal for redevelopment. The true value lies in the development flexibility-the property may be subdivided into multiple lots (up to approximately 4, subject to county approval) or developed as a multi-unit project, including duplexes or townhomes. The R-2 zoning supports a variety of configurations, including: Duplex or townhome development Potential lot splits for multiple single-family or attached residences Higher-density residential build-out consistent with surrounding newer construction City utilities are available, and the site is surrounded by newer homes and townhome projects, reinforcing both market viability and resale potential. Whether your strategy is to split lots, build duplexes, or develop townhomes, this property presents a rare opportunity west of Front Beach Road in an area with limited remaining undeveloped land.

Full Property Details for 224 E Lakeshore Dr

General

  • Price: $1,200,000
  • Taxes: $1,729 (2024)
  • Status: Active
  • Type: Single Family
  • Source: Bay_County
  • MLS ID: 783112
  • Updated: 1/2/2026
  • Added to Site: 15 day(s) ago

Interior

  • Number of Rooms: 6
  • Appliances: Electric Range
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Exterior

  • Exterior Features: Patio
  • Porch/Patio/Deck: Enclosed, Patio, Covered, Porch

Parking

  • Garage: Yes
  • Garage Spaces: 3

Location

  • County: Bay
  • Subdivision: [No Recorded Subdiv]
  • Driving Directions: From HWY 98 turn south on East Lakeshore Dr property will be on your left on the corner of Alta Vista Dr.

School Information

  • Elementary School: West Bay
  • Middle School: Surfside
  • High School: Arnold

Community

  • Community Name: 03 - Bay County - Beach

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Electric

Utilities

  • Utility Description: Electricity Available, Sewer Available

Structural Information

  • Architectural Style: Coastal
  • Construction: Brick
  • Roof: Shake
  • Sq. Ft. Source: Appraiser
  • Year Built: 1990

Lot Features

  • Lot Size (Acres): 0.41
  • Lot Size (Sq. Ft.): 17,729
  • Lot Size: .41
  • Lot Dimensions: 125 x 150
  • Frontage: City Street
  • Fencing (Description): Full, Chain Link, Fenced

Financial Considerations

  • Tax Amount: $1,729
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: LAGUNA BEACH AMENDED LOT 38 BLK 5 ORB 4074 P 374
  • Property ID: 37365-000-000

Listed by Think Real Estate

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— 224 E Lakeshore Dr —

  • Think Real Estate

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 224 E Lakeshore Dr

School District:Bay County School District
NameGradesDistance
West Bay Elementary School
14813 School Dr, Panama City Beach, FL 32413
K-54.9 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-84.8 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-126.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 224 E Lakeshore Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/02/2026
Listed
$1,200,000
50%
MLS
5/14/2025
Sold
$800,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 224 E Lakeshore Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,270
9%
$717,744
12%
2023
$6,674
50%
$639,749
74%
2021
$4,454
-7%
$368,035
-11%
2022
$4,779
7%
$415,106
22%
2021
$4,454
8%
$340,290
4%
2019
$4,130
7%
$325,949
10%
2018
$3,847
12%
$296,317
10%
2017
$3,435
-1%
$269,379
1%
2016
$3,480
—
$267,957
3%
2015
$3,472
—
$260,025
-1%
2014
$3,487
158%
$261,542
77%
2013
$1,349
—
$147,585
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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224 E Lakeshore Drive, Panama City Beach, FL 32413 (MLS# 783112) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 224 E Lakeshore Drive is currently listed for $1,200,000 and was received on January 02, 2026. Want to learn more about 224 E Lakeshore Drive? Do you have questions about finding other Single Family real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

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