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Sold for $290,000
    • $290,000

    5501 Lagoon Way, Panama City Beach, FL 32408

    3beds
    1,736sqft
    Single Family Residence
    Built in 1977
    6,098 Square Feet Lot
    $288,700 Zestimate®
    $167/sqft
    $2,718 Estimated rent

    Home value

    $288,700

    $263,000 - $318,000

    $2,718/mo

    Zestimate® history
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    What's special

    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. All information is deemed reliable but not guaranteed. Buyer to verify all information.

    Zillow last checked:

    Listing updated:

    Listed by:

    Alice de La Penha 850-771-3150,

    Coldwell Banker Realty

    Bought with:

    Sandi Smith

    Dalton Wade Inc

    Source: CPAR,MLS#: 771218MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Bedroom, Full Bath, Kitchen, Laundry, Living Room, Office, Storage Room, Studio, Sunroom
    Bedroom
    • Level: First
    • Dimensions: 12.1 x 13.2
    Bedroom
    • Level: First
    • Dimensions: 12.1 x 9.11
    Other
    • Level: First
    • Dimensions: 8.2 x 7.1
    Other
    • Level: First
    • Dimensions: 7.11 x 4.11
    Kitchen
    • Level: First
    • Dimensions: 19.2 x 12.8
    Laundry
    • Level: First
    • Dimensions: 4.4 x 6.1
    Living room
    • Level: First
    • Dimensions: 19.2 x 11.2
    Office
    • Level: First
    • Dimensions: 13.3 x 12.9
    Storage room
    • Level: First
    • Dimensions: 7.11 x 7.5
    Other
    • Level: First
    • Dimensions: 9.8 x 7.4
    Sunroom
    • Level: First
    • Dimensions: 9.8 x 18.5
    Heating
    • Central, Electric, Fireplace(s)
    Cooling
    • Central Air, Window Unit(s)
    Appliances
    • Included: Electric Oven
    Features
    • Storage
    • Has fireplace: Yes
    Interior area
    • Total structure area: 1,736
    • Total interior livable area: 1,736 sqft

    Property

    Parking
    • Total spaces: 1
    • Covered spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Patio
    • Fencing: Fenced
    Lot
    • Size: 6,098 Square Feet
    • Dimensions: 50 x 120
    Details
    • Parcel number: 31841000000
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding, Wood Frame
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1977

    Utilities & green energy

    • Utilities for property: Cable Connected, Electricity 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: $167/sqft
    • Tax assessed value: $231,711
    • Annual tax amount: $634
    • Date on market: 9/24/2025
    • Cumulative days on market: 160 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    10/27/2025Sold$290,000-6.1%$167/sqft
    Source: CPAR #771218 Report a problem
    10/21/2025Pending sale$309,000$178/sqft
    Source: CPAR #771218 Report a problem
    9/24/2025Listed for sale$309,000$178/sqft
    Source: CPAR #771218 Report a problem
    9/8/2025Pending sale$309,000$178/sqft
    Source: CPAR #771218 Report a problem
    8/19/2025Price change$309,000-1.9%$178/sqft
    Source: CPAR #771218 Report a problem
    8/1/2025Price change$315,000-1.6%$181/sqft
    Source: CPAR #771218 Report a problem
    7/28/2025Price change$320,000-1.5%$184/sqft
    Source: CPAR #771218 Report a problem
    7/23/2025Listed for sale$325,000$187/sqft
    Source: CPAR #771218 Report a problem
    7/21/2025Contingent$325,000$187/sqft
    Source: CPAR #771218 Report a problem
    7/15/2025Listed for sale$325,000$187/sqft
    Source: CPAR #771218 Report a problem
    6/18/2025Contingent$325,000$187/sqft
    Source: CPAR #771218 Report a problem
    6/2/2025Price change$325,000-5.8%$187/sqft
    Source: CPAR #771218 Report a problem
    5/3/2025Price change$345,000-4.8%$199/sqft
    Source: CPAR #771218 Report a problem
    3/31/2025Listed for sale$362,250+251.7%$209/sqft
    Source: CPAR #771218 Report a problem
    5/19/2000Sold$103,000$59/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$634 +3.5%$92,565 +3%
    2023$613 +1.7%$89,869 +3%
    2022$603 $87,251
    2021-- --
    2020$591 +2.9%$83,540 +2.1%
    2019$575 $81,830 +1.9%
    2018$575 +1.5%$80,304 +11.8%
    2017$566 +16.2%$71,800 +2.1%
    2016$487 -2.7%$70,323 +0.7%
    2015$500 $69,834 +0.8%
    2014$500 $69,280 +1.5%
    2013-- $68,256 -1.3%
    2012-- $69,127 +6.1%
    2011-- $65,159 +1.5%
    2010-- $64,196 +2.7%
    2009-- $62,508 +0.1%
    2008-- $62,446 +3%
    2007-- $60,627 +2.5%
    2006-- $59,148 +3%
    2005-- $57,425 +3%
    2004-- $55,752 +1.9%
    2003-- $54,712 +2.4%
    2002-- $53,430 +1.6%
    2001-- $52,589 -4.8%
    2000-- $55,269
    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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