Listing provided courtesy of Keller Williams Success Realty- MLS# 791330MLS Provider

7005 S Lagoon DrivePanama City Beach, FL 32408

Single Family · 3 Beds · 2 Full Baths · 1,156 Sq. ft. | 0.14 Acres
$425,000 Active

7005 S Lagoon Drive Overview

Time on Site:
15 days
Visits:
1

Welcome to The Flip Flop House, a proven vacation rental opportunity just minutes from the sugar-white sands of Panama City Beach. Offered fully furnished and already established as an Airbnb ''Guest Favorite,'' this turnkey property is ready to start generating income from day one. Featuring 3 bedrooms and 2 bathrooms, this beautifully updated beach retreat combines coastal charm with smart investment appeal. Guests love the prime location that is nestled in a quiet neighborhood with no HOA restrictions, yet within walking distance of public beach access (Richard Selzer Park), and just minutes from St. Andrews State Park, waterfront dining, shopping, and local attractions. Inside, you'll find a bright and inviting interior with coastal-inspired finishes, spacious bedrooms, and a thoughtfully renovated kitchen showcasing granite countertops, white shaker cabinetry, custom tile backsplash, and upgraded stainless steel appliances. Luxury vinyl plank flooring runs throughout the home, providing durability and easy maintenance ideal for short-term rental use. Enjoy tranquil views of Grand Lagoon from the property, adding to the relaxed coastal atmosphere guests seek. Recent improvements include updated bathrooms, impact-resistant vinyl windows, a metal roof installed in 2022, and dual water heaters for added guest comfort. Outside, the large backyard offers plenty of space for entertaining, grilling, and relaxing under the covered patio. Boat owners will appreciate the on-site boat parking and the public boat ramp located just two blocks away, making it easy to enjoy fishing, boating, and waterfront adventures. Whether you're looking to expand your investment portfolio, secure a vacation getaway, or own a beach home with strong rental potential, The Flip Flop House delivers location, updates, and income-producing opportunity all in one package.

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7005 S Lagoon Drive Facts & Features

  • Type Single Family
  • Sq. ft. 1,156
  • Price/Sq.ft. $368
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Patronis
  • Middle Or Junior School: Surfside
  • High School: Arnold

Building Information

  • New Construction: false
  • Year Built: 1978

Location/Region

  • County Or Parish: Bay
  • MLS Area Major: 03 - Bay County - Beach
  • MLS Area Minor: 0323 - Beach - South of Grand Lagoon
  • Postal City: Panama City Beach
  • Subdivision Name: Holiday Beach Unit 13

Community/Development

  • Community Features: Short Term Rental Allowed

Tax Information

  • Tax Year: 2025

General Information

  • Parcel Number: 30808-070-000
  • Property Sub Type: Single Family Residence
  • Property Type: Residential

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Total: 2
  • Bedrooms Total: 3

Building Interior

  • Building Area Total: 1156.0

General Information

  • Appliances: Electric Range,Electric Water Heater
  • Foundation Details: Slab
  • Interior Features: Main Level Primary,Shower Only
  • Levels: One
  • Living Area Source: Appraiser
  • Rooms Total: 5
  • Security Features: Smoke Detector(s)
  • Stories: 1
  • Stories Total: 1
  • Units Furnished: All Units

Exterior

Lot Information

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Dimensions: 55.0 ft x 117.0 ft
  • Lot Size Square Feet: 6098.0
  • Lot Size Units: Acres

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Architectural Style: Coastal
  • Attached Garage: false
  • Construction Materials: Brick
  • Patio And Porch Features: Covered,Open,Patio,Porch
  • Roof: Metal

General Information

  • Exterior Features: Patio
  • Fencing: Partial
  • Utilities: Electricity Available

Room Information

Room: Bedroom

  • Level: First
  • Dimensions: 11 x 9
  • Length: 11.0
  • Width: 9.0

Room: Bedroom

  • Level: First
  • Dimensions: 11 x 11
  • Length: 11.0
  • Width: 11.0

Room: Kitchen

  • Level: First
  • Dimensions: 15 x 15
  • Length: 15.0
  • Width: 15.0

Room: Living Room

  • Level: First
  • Dimensions: 17 x 15
  • Length: 17.0
  • Width: 15.0

Room: Primary Bedroom

  • Level: First
  • Dimensions: 14 x 11
  • Length: 14.0
  • Width: 11.0

7005 S Lagoon Drive Neighborhood

Community

32408 (Panama City Beach) Demographics

43
Median Age
751
Population Density (per sq. mile)
48%
College Educated
$57,202
Estimated Median Income
5,833
Estimated Total Home Owners
2,869
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7005 S Lagoon Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7005 S Lagoon Drive Market Data

Based on the last 30 days in this zip code

$616,879
Average List Price
$391
Average Price per Square Foot
97
Properties Sold
89
Average Days on Market
1,054
Properties for Sale
Calculations provided by Reliance Network

7005 S Lagoon Drive History

Date Event Value Agent
6/14/2026Source: Central Panhandle MLS Added to Database
June 14, 2026
3/18/2026Source: Central Panhandle MLS Added to Database
March 18, 2026
3/18/2026Source: Central Panhandle MLS Added to Database
March 18, 2026