CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS
Beautifully located between the Beach and Lagoon. This 2-bedroom beach cottage has been completely updated. Improvements include, new Hardie siding; new deck; new interior & exterior doors; cabinetry, granite countertops, and tile backsplash; tile walk-in shower; stainless appliances; washer/dryer; light fixtures...nothing overlooked!
Ready for your personal touches to become a great beach getaway or rental. Perfect location, near Beach, Lagon, marinas, Navy base, Hathaway Bridge. No HOA!
Sold for $251,250
$251,250
5408 Lagoon Way APT 5, Panama City Beach, FL 32408
2beds
750sqft
Single Family Residence
Built in 1983
0.59 Acres Lot
$249,700 Zestimate®
$335/sqft
$1,354 Estimated rent
Home value
$249,700
$225,000 - $277,000
$1,354/mo
Zestimate® history
Owner options
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$1,354/mo
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$1,354/mo
Rent Zestimate®
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$1,625/mo
Est. payment
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$1,625/mo
Est. payment
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List your homeWhat's special
New deckBeach and lagoonNew hardie sidingLight fixturesStainless appliancesTile walk-in shower
Zillow last checked:
Listing updated:
Listed by:
Lisa Sample 850-527-5492,
REMAX By The Sea
Bought with:
Abbott Martin Group
EXP Realty LLC
Source: CPAR,MLS#: 770522
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom, Family Room
Bedroom
- Level: First
- Dimensions: 11 x 9
Family room
- Level: First
- Dimensions: 12 x 10
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Washer/Dryer Stacked, Electric Range, Ice Maker
- Laundry: Stacked
Interior area
- Total structure area: 750
- Total interior livable area: 750 sqft
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Deck
- Fencing: Partial,Privacy
Lot
- Size: 0.59 Acres
- Dimensions: 45 x 71
Details
- Parcel number: 31429004000
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Materials
- HardiPlank Type, Wood Frame
Condition
- New construction: No
- Year built: 1983
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $335/sqft
- Tax assessed value: $95,521
- Annual tax amount: $1,214
- Date on market: 3/18/2025
- Cumulative days on market: 67 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2025 | Sold | $251,250+0.5%$335/sqft |
Source:  CPAR #770522 Report a problem | ||
| 5/28/2025 | Contingent | $249,900$333/sqft |
Source: CPAR #770522 Report a problem | ||
| 4/8/2025 | Price change | $249,900-10.4%$333/sqft |
Source: CPAR #770522 Report a problem | ||
| 3/24/2025 | Price change | $279,000-7%$372/sqft |
Source: CPAR #770522 Report a problem | ||
| 3/18/2025 | Listed for sale | $299,900$400/sqft |
Source: CPAR #770522 Report a problem | ||
| 2/12/2025 | Listing removed | $299,900$400/sqft |
Source: CPAR #765605 Report a problem | ||
| 11/27/2024 | Listed for sale | $299,900+227.8%$400/sqft |
Source: CPAR #765605 Report a problem | ||
| 8/4/2005 | Sold | $91,500$122/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,214 0% | $95,521 +1.7% |
| 2023 | $1,214 +352.2% | $93,933 +109.9% |
| 2022 | $269 | $44,758 |
| 2021 | -- | -- |
| 2020 | $236 -8.4% | $41,140 -3.6% |
| 2019 | $258 | $42,689 +1.9% |
| 2018 | $258 +2.6% | $41,893 +2.1% |
| 2017 | $251 +3.9% | $41,031 0% |
| 2016 | $242 -28.4% | $41,046 -13.8% |
| 2015 | $338 | $47,599 -5.3% |
| 2014 | $338 | $50,270 -0.7% |
| 2013 | -- | $50,617 -1.3% |
| 2012 | -- | $51,279 -8.3% |
| 2011 | -- | $55,947 -4% |
| 2010 | -- | $58,281 -10.5% |
| 2009 | -- | $65,129 -1.9% |
| 2008 | -- | $66,395 -11.6% |
| 2007 | -- | $75,093 -10.5% |
| 2006 | -- | $83,903 +16.7% |
| 2005 | -- | $71,893 +34.5% |
| 2004 | -- | $53,469 |
| 2003 | -- | $53,469 +5.4% |
| 2002 | -- | $50,724 |
| 2001 | -- | $50,724 +3.8% |
| 2000 | -- | $48,852 |
Find assessor info on the county website
Neighborhood: Lower Grand Lagoon
Nearby homes
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- $765,0004 bd3 ba1.8k sqft3516 Treasure Cir, Panama City Beach, FL 32408Sold
- $279,1002 bd1 ba750 sqft5408 Lagoon Way, Panama city beach, FL 32408Off Market
Nearby schools
GreatSchools rating
- 9/10Patronis Elementary SchoolGrades: K-5Distance: 1.7 mi
- 7/10Surfside Middle SchoolGrades: PK-12Distance: 7.3 mi
- 4/10J.R. Arnold High SchoolGrades: 9-12Distance: 5.4 mi
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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- Florida
- Bay County
- Panama City Beach
- 32408
- Lower Grand Lagoon
- 5408 Lagoon Way Apartment 5
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