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$440,000
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Property Description
This whimsical and versatile two-story home located at the end of a quiet dead-end street, offers views of the Lagoon from the upper-level balcony and is just a half mile from beach access #9 and the Dolphin Street boat ramp. Ideal for full-time living or a vacation getaway, this property features two full kitchens, making it perfect for hosting, multi-generational living, or potential rental income. The main-level kitchen was fully remodeled in 2023/2024, featuring sleek stainless steel appliances, butcher block countertops, new laminate flooring, an island with breakfast bar, and a large pantry closet. Thoughtfully designed floor-to-ceiling cupboards light up automatically when opened, adding both convenience and charm. A large laundry room, also updated in 2024, adds to the home's practicality. Upstairs, new Berber carpet leads to two spacious bedrooms, a full bath, and a second fully equipped kitchen-plus a private balcony with a tranquil water view of the Lagoon, as well as a large 15x15 deck over looking the back yard. There is ample parking both in front, with the full-size carport and large driveway, and in the back accessible from Biltmore Drive. Enjoy the coastal lifestyle in the generously sized backyard, perfect for casual barbecues under the covered patio. Additional upgrades include a new roof (2019), a 3-ton heat pump A/C (2024), a 16x10 shed (2021), and a newly redone driveway with full-size carport (2023). An electric instant water heater was also installed in 2023. Located just minutes from white-sand beaches, shopping, dining, and all the attractions of Panama City Beach-this home offers comfort, flexibility, and unbeatable value in one of the area's most sought-after locations.
Full Property Details
Full Property Details for 5405 S Lagoon Dr
General
- Sold For: $440,000
- Taxes: $2,072 (2024)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 775223
- Added to Site: 211 day(s) ago
Interior
- Number of Rooms: 15
- Interior Features: Interior Steps, Entrance Foyer, Instant Hot Water
- Fireplace: Yes
- Fireplace(s): Electric
- Appliances: Electric Oven
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Deck
- Porch/Patio/Deck: Deck, Balcony, Covered, Patio
Parking
- Covered Spaces: 2
Location
- County: Bay
- Subdivision: Biltmore Beach
- Driving Directions: South on Navy Blvd, Right onto Trelawney Ave, Right onto Treasure Cir, Right onto Hilltop Ave, sharp right onto Palm Way then straight onto S. Lagoon Dr. Home is on the right.
School Information
- Elementary School: Patronis
- 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: Central, Fireplace(s)
Utilities
- Utility Description: High Speed Internet Available
Structural Information
- Architectural Style: Traditional
- Construction: Brick, Wood Frame
- Stories/Levels: 2
- Sq. Ft. Source: Listing Agent
- Year Built: 1972
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Property View: Lagoon
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 5,968
- Lot Size: .14
- Lot Dimensions: 50' x 120'
- Frontage: City Street
- Lot Features: Paved
- Fencing (Description): Fenced, Privacy
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $2,072
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: BILTMORE BEACH LOT 15 BLK R ORB 4205 P 1504 MAP 70B1
- Property ID: 31960-000-000
Listed by ERA Neubauer Real Estate, Inc
Sold by Counts Real Estate Group Inc and Gulf Life Real Estate Inc
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Schools
Schools serving 5405 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 | 1.7 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.2 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5.5 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 5405 S Lagoon Dr
Date
Details
Price
Change
Source
7/17/2025
Sold
$440,000
-7.37%
MLS
6/19/2025
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5405 S Lagoon Drive, Panama City, FL 32408 (MLS# 775223) is a Single Family property that was sold at $440,000 on July 17, 2025. Want to learn more about 5405 S Lagoon Drive? Do you have questions about finding other Single Family real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

