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7005 S Lagoon Drive, Panama City Beach, FL 32408

$415,000

Reduced $10,000 from the original list price of $425,000

3Beds
2Baths
1,156Sq Ft
0.14Acres
1978Year Built
—/moHOA
On site 94 days
See the full community guide Lower Grand Lagoon Beachfront →

Details

Coastal style · Fully furnished · Short-term rental allowed

Nearby Schools

ElementaryPatronis
MiddleSurfside
HighArnold

Property Details

brick construction · Currently tenant-occupied

About This Home

Welcome to The Flip Flop House (called Blue Lagoon on Airbnb), 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.

Interior, Amenities & More

Interior Features: Main Level Primary, Shower Only

Appliances: Electric Range, Electric Water Heater

Security: Smoke Detectors

Heating: Central, Electric

Cooling: Central Air

Square Footage Source: Appraiser

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Ask About This Home

Required

Call (850) 866-1149

Listed by Mindi A Sato, Keller Williams Success Realty · mindisato@gmail.com

Equal Housing Opportunity
Equal Housing
Opportunity
Listing data provided by: Central Panhandle Association of Realtors (CPAR) Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Brokerage: Century 21 AllPoints Realty, licensed real estate broker.