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$514,000
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Property Description
Prime location property in Panama City Beach! This home includes a main house and a separate guest carriage/in-law house with great parking. It's a great fit for a short-term rental, second home, or full-time residence. Located within close proximity to beach access and boat ramps along the lagoon with access to the lagoon and Gulf. Open layout kitchen/living area with tile floor throughout. Primary bedroom is spacious and primary bath features beautiful new full tiled shower/wall, double vanities, and walk-in closet. Pavered walkway connects main house to guest house in the backyard. The 3rd bedroom and bath are located in guest house. Roof installed in 2020. Home is on city water and sewer. Buyer to verify any information deemed important.
Full Property Details
Full Property Details for 8231 S Lagoon Dr
General
- Price: $514,000
- Taxes: $3,184 (2024)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 771766
- Updated: 12/2/2025
- Added to Site: 108 day(s) ago
Interior
- Number of Rooms: 5
- Appliances: Electric Oven, Electric Range
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Additional Parking
Location
- County: Bay
- Subdivision: Silver Sands Unit 1
- Driving Directions: From Navy Blvd and Thomas Drive, head West on Thomas Drive. Turn right onto Ocean Street, then turn right onto Lydia Lane. Home will be 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
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Coastal
- Sq. Ft. Source: Owner
- Year Built: 1996
Additional Structures
- Other Structures: Guest House
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Size: .16
- Lot Dimensions: IRR
- Lot Features: Paved
- Zoning: Resid Single Family
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $3,184
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: SILVER SANDS UNIT 1 58B4 LOT 1 & WLY 20' LOT 4 BLK B ORB 4071 P 371
- Property ID: 30196-020-000
Listed by CENTURY 21 Commander Realty
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Schools
Schools serving 8231 S Lagoon Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Breakfast Point Academy 601 N Richard Jackson Boulevard, Panama City Beach, FL 32407 | K-8 | 2.5 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 3.4 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 8231 S Lagoon Dr
Date
Details
Price
Change
Source
8/04/2025
Price Reduced
$514,000
-1.91%
MLS
7/14/2025
Price Reduced
$524,000
-2.78%
MLS
6/16/2025
Price Reduced
$539,000
-1.98%
MLS
4/10/2025
Listed
$549,900
197.24%
MLS
12/18/2018
Sold
$185,000
—
Public Record
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
Tax History for 8231 S Lagoon Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,184
4%
$284,216
2%
2023
$3,068
27%
$279,698
38%
2021
$2,410
-5%
$203,054
-8%
2022
$2,537
5%
$220,492
29%
2021
$2,410
13%
$170,814
1%
2019
$2,127
2%
$169,402
4%
2018
$2,085
—
$163,399
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8231 S Lagoon Dr
8231 S Lagoon Drive, Panama City, FL 32408 (MLS# 771766) is a Single Family property with 3 bedrooms and 3 full bathrooms. 8231 S Lagoon Drive is currently listed for $514,000 and was received on October 02, 2025. Want to learn more about 8231 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.

