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Sold for $440,000
    • $440,000

    5405 S Lagoon Dr, Panama City Beach, FL 32408

    3beds
    2,128sqft
    Single Family Residence
    Built in 1972
    6,098 Square Feet Lot
    $432,900 Zestimate®
    $207/sqft
    $2,687 Estimated rent

    Home value

    $432,900

    $390,000 - $481,000

    $2,687/mo

    Zestimate® history
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    What's special

    Upper-level balconyIsland with breakfast barTranquil water viewSpacious bedroomsLarge laundry roomAmple parkingNew berber carpet
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ronald S Shover 603-731-9449,

    ERA Neubauer Real Estate, Inc

    Bought with:

    Leslie C Solarek, SL3495950

    Counts Real Estate Group Inc

    Brian Solarek, SL3541324

    Gulf Life Real Estate Inc

    Source: CPAR,MLS#: 775223MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Breakfast Room/Nook, Bedroom, Dining Room, Family Room, Full Bath, Foyer, Kitchen, Laundry, Living Room, Primary Bedroom, Other, Patio
    Primary bedroom
    • Level: Second
    • Dimensions: 17 x 13.5
    Bedroom
    • Level: First
    • Dimensions: 12.5 x 118
    Bedroom
    • Level: Second
    • Dimensions: 10 x 10
    Breakfast room nook
    • Level: First
    • Dimensions: 12.5 x 10
    Dining room
    • Level: Second
    • Dimensions: 10 x 8
    Family room
    • Level: Second
    • Dimensions: 17 x 14.5
    Foyer
    • Level: First
    • Dimensions: 88 x 4
    Other
    • Level: First
    • Dimensions: 8 x 5
    Other
    • Level: Second
    • Dimensions: 10 x 5
    Kitchen
    • Level: First
    • Dimensions: 12.5 x 10
    Kitchen
    • Level: Second
    • Dimensions: 14 x 10
    Laundry
    • Level: First
    • Dimensions: 8 x 7.5
    Living room
    • Level: First
    • Dimensions: 19 x 14.5
    Other
    • Description: Outside balcony faces Lagoon
    • Features: Balcony
    • Level: Second
    • Dimensions: 36 x 4
    Patio
    • Description: Faces backyard
    • Level: Second
    • Dimensions: 15 x 15
    Heating
    • Central, Fireplace(s)
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Electric Oven
    Features
    • Interior Steps, Entrance Foyer, Instant Hot Water
    • Has fireplace: Yes
    • Fireplace features: Electric
    Interior area
    • Total structure area: 2,128
    • Total interior livable area: 2,128 sqft

    Property

    Parking
    • Total spaces: 2
    • Covered spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Balcony, Covered, Patio
    • Exterior features: Deck
    • Fencing: Fenced,Privacy
    • Has view: Yes
    • View description: Lagoon
    • Has water view: Yes
    • Water view: Lagoon
    Lot
    • Size: 6,098 Square Feet
    • Dimensions: 50' x 120'
    • Features: Paved
    Details
    • Additional structures: Shed(s)
    • Parcel number: 31960000000
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Brick, Wood Siding, Wood Frame
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1972

    Utilities & green energy

    • Utilities for property: High Speed Internet Available

    Community & HOA

    Community
    • Features: Short Term Rental Allowed
    • Subdivision: Biltmore Beach
    HOA
    • Has HOA: No
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $207/sqft
    • Tax assessed value: $286,940
    • Annual tax amount: $2,072
    • Date on market: 6/20/2025
    • Cumulative days on market: 91 days

    Price history

    DateEventPrice
    7/17/2025Sold$440,000-7.4%$207/sqft
    Source: CPAR #775223 Report a problem
    7/3/2025Pending sale$475,000$223/sqft
    Source: CPAR #775223 Report a problem
    6/20/2025Listed for sale$475,000-9.7%$223/sqft
    Source: CPAR #775223 Report a problem
    6/19/2025Listing removed$526,000$247/sqft
    Source: CPAR #771169 Report a problem
    5/9/2025Price change$526,000-7.6%$247/sqft
    Source: CPAR #771169 Report a problem
    4/11/2025Price change$569,000-4.4%$267/sqft
    Source: CPAR #771169 Report a problem
    3/31/2025Listed for sale$595,000+205.1%$280/sqft
    Source: CPAR #771169 Report a problem
    9/20/2018Sold$195,000+4.8%$92/sqft
    Source: Public Record Report a problem
    2/4/2010Sold$186,000-7%$87/sqft
    Source: Public Record Report a problem
    10/25/2009Listing removed$199,900$94/sqft
    Source: Smart Move Real Estate #518531 Report a problem
    6/20/2009Listed for sale$199,900-28.5%$94/sqft
    Source: DALE E PETERSON REALTY INC #518531 Report a problem
    3/26/2009Sold$279,400-1.8%$131/sqft
    Source: Public Record Report a problem
    8/28/2008Listed for sale$284,500-13.8%$134/sqft
    Source: DALE E PETERSON REALTY INC #518531 Report a problem
    2/7/2006Sold$330,000$155/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,136 +1.8%$209,762 +3%
    2023$2,098 +11.2%$203,652 +3%
    2022$1,886 $197,720
    2021-- --
    2020$1,884 +61.2%$189,310 +40.7%
    2019$1,169 $134,552 +1.9%
    2018$1,169 +1%$132,043 +2.1%
    2017$1,157 +2%$129,327 +0%
    2016$1,135 -35%$129,302 -0.1%
    2015$1,747 $129,375 -0.5%
    2014$1,747 $129,986 -0.5%
    2013-- $130,696 -0.9%
    2012-- $131,921 -6.2%
    2011-- $140,690 -3%
    2010-- $145,075 -13.9%
    2009-- $168,588 -2%
    2008-- $171,993 -15.3%
    2007-- $203,082 -19%
    2006-- $250,647 +203.9%
    2005-- $82,488 +3%
    2004-- $80,085 +1.9%
    2003-- $78,592 +2.4%
    2002-- $76,750 +1.6%
    2001-- $75,541 +1.7%
    2000-- $74,243
    Find assessor info on the county website

    Neighborhood: Lower Grand Lagoon

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Patronis
    • Middle: Surfside
    • High: Arnold

    Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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