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5501 Lagoon Way, Panama City Beach, FL 32408
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5501 Lagoon Way
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Would you like to sell your home before you purchase this one?
Priced at Only: $325,000
For more Information Call:
Address: 5501 Lagoon Way, Panama City Beach, FL 32408
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  • MLS#: 771218 ( Residential )
  • Street Address: 5501 Lagoon Way
  • Viewed: 16
  • Price: $325,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1977
  • Bldg sqft: 0
  • Bedrooms: 3
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 105
  • Additional Information
  • Geolocation: 30.1473 / -85.7539
  • County: BAY
  • City: Panama City Beach
  • Zipcode: 32408
  • Subdivision: Biltmore Beach
  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold
  • Provided by: Coldwell Banker Realty
  • DMCA Notice
  • Description
    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' 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 2019, 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.
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Features
Building and Construction
  • Covered Spaces: 1.00
  • Fencing: Fenced
  • Living Area: 2220.00
  • Roof: Shingle
Land Information
  • Lot Features: InteriorLot
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Patronis
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Carport, Driveway
Eco-Communities
  • Pool Features: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, Electric, WindowUnits
  • Heating: Central, Electric, Fireplaces
  • Sewer: SepticTank
  • Utilities: CableConnected, SepticAvailable, TrashCollection
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Appliances: Dryer, Dishwasher, ElectricOven, Refrigerator, Washer
  • Contingency: Under Contract - Taking Backups
  • Furnished: Unfurnished
  • Interior Features: BreakfastBar, SplitBedrooms, Storage
  • Legal Description: BILTMORE BEACH LOT 17 BLK I ORB 1283 P 1685 MAP 70B2
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Vacant
  • Parcel Number: 31841-000-000
  • Style: Contemporary
  • The Range: 0.00
  • Views: 16
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Headshot for Associate Natalie Gorse
  1. Natalie Gorse, REALTOR ®
  2. Tropic Shores Realty
  3. Office: 352.684.7371
  4. Mobile: 352.584.7611
  5. Fax: 352.584.7611
  6. nataliegorse352@gmail.com