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$950,000
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Property Description
Rare opportunity to own a double waterfront lot on South Lagoon with approximately 100 feet of deep-water frontage and Gulf access. Opportunities like this are becoming increasingly difficult to find, especially with the flexibility and potential this property offers. The true value is in the land. Situated on two lots, this property offers the potential to renovate, rebuild, or redevelop. Per the county, the existing residence may be removed and the lots split, creating a unique opportunity for investors, builders, or those looking to create a custom waterfront estate. Enjoy direct waterfront access with an existing boat dock, boathouse with electric lift, and deep-water access suitable for a variety of boating needs. With its prime South Lagoon location, expansive waterfront frontage, and development potential. Bring all offers. Opportunities to acquire a double waterfront lot with Gulf access in this location are rare. There is a home currently on the property. Home demolition to be performed by buyer.
Full Property Details
Full Property Details for 7122 S Lagoon Dr
General
- Sold For: $950,000
- Taxes: $13,141 (2025)
- Status: Closed
- Type: Land Residential
- Source: Bay_County
- MLS ID: 791342
- Added to Site: 49 day(s) ago
Location
- County: Bay
- Subdivision: Holiday Beach Unit 1
- Driving Directions: Thomas Drive to North on Holiday Dr. Follow to South Lagoon Drive, left on South Lagoon Drive, property is on the right. See sign.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Additional Structures
- Other Structures: Boat House
Lot Features
- Property View: Lagoon
- Lot Size (Acres): 0.32
- Lot Size (Sq. Ft.): 13,939
- Lot Size: .32
- Lot Dimensions: 100.0 ft x 140.0 ft
- Lot Features: Paved
- Zoning: Resid Single Family
Water Features
- Water Front: Yes
- Water Front Desc.: Gulf Access, Lagoon
- Water Front View: Gulf Access, Lagoon
Financial Considerations
- Tax Amount: $13,141.7
- Tax Year: 2025
Disclosures and Reports
- Legal Description: HOLIDAY BEACH UNIT #11 LOTS 83 & 84 BLK A ORB 1991 P 317
- Property ID: 30799-010-000
Listed by Beach House Sales and Development
Sold by PCB Life Real Estate Services
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Schools
Schools serving 7122 S Lagoon Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 0.8 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 5.8 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7122 S Lagoon Dr
Date
Details
Price
Change
Source
7/27/2026
Sold
$950,000
-20.83%
MLS
6/15/2026
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7122 S Lagoon Drive, Panama City Beach, FL 32408 (MLS# 791342) is a Land Residential property that was sold at $950,000 on July 27, 2026. Want to learn more about 7122 S Lagoon Drive? Do you have questions about finding other Land Residential 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.

