For sale

Price cut: $100K (7/9)

$1,575,000

5620 S Lagoon Dr, Panama City Beach, FL 32408

4beds

2,706sqft

$9,601/mo

Get pre-qualified

Single Family Residence

Built in 1993

8,712 Square Feet Lot

$1,451,900 Zestimate^®

$582/sqft

$-- HOA

What's special

Fully furnishedCompletely remodeledRefreshed seawallAll new fixtures throughoutBrand-new deckFantastic boathouseNew jet ski lift

The Nicest Home in Bay County! This completely remodeled, fully furnished, move-in ready Grand Lagoon home offers the ultimate waterfront lifestyle. It features all-new flooring, paint, and a new beamed ceiling on the main level. All new fixtures throughout. New kitchen counters, and backsplash. For enhanced durability and energy efficiency, the home boasts all new hurricane windows and glass sliders, and spray foam insulation under the structure, complementing the 3-year-old metal roof. All bathrooms have been completely remodeled and feature high end fixtures, vanities, and tiled showers/baths. The exterior living is upgraded with a brand-new deck. The property is a boater's dream, featuring a refreshed seawall and a fantastic boathouse that includes a new jet ski lift and two boat lifts, one of which is brand new. All measurements are approx. and should be verified by buyer.

123 days

699

38

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Rooms

Room types: Bedroom, Primary Bedroom

Primary bedroom

Level: Second
Dimensions: 18 x 13

Bedroom

Level: Second
Dimensions: 15 x 14

Bedroom

Level: Second
Dimensions: 15 x 13

Bedroom

Level: Second
Dimensions: 14 x 13

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Convection Oven, Electric Cooktop, Electric Water Heater

Features

Balcony, Shower Only, Upper Level Primary, Walk-In Closet(s)
Doors: Storm Door(s)
Windows: Storm Window(s)

Interior area

Total structure area: 2,706
Total interior livable area: 2,706 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Patio & porch: Balcony, Deck
Exterior features: Boat Lift, Boat Slip, Deck, Dock
Has view: Yes
View description: Bay, Lagoon, Water
Has water view: Yes
Water view: Bay,Lagoon,Water
Waterfront features: Lagoon, Shoreline - Natural, Seawall

Lot

Size: 8,712 Square Feet
Dimensions: 50*175
Features: Paved

Details

Additional structures: Boat House
Parcel number: 32086000000

Construction

Type & style

Home type: SingleFamily
Architectural style: Coastal
Property subtype: Single Family Residence

Materials

Brick
Roof: Metal

Condition

New construction: No
Year built: 1993

Utilities & green energy

Utilities for property: Cable Connected, Electricity Available, High Speed Internet Available, Phone Connected

Community & HOA

Community

Features: Short Term Rental Allowed
Security: Smoke Detector(s)
Subdivision: [No Recorded Subdiv]

HOA

Has HOA: No

Location

Region: Panama City Beach

Financial & listing details

Price per square foot: $582/sqft
Tax assessed value: $806,498
Annual tax amount: $9,951
Date on market: 4/24/2026
Cumulative days on market: 211 days
Electric utility on property: Yes

Estimated market value

$1,451,900

$1.38M - $1.52M

$4,134/mo

Price history

Date	Event	Price
7/9/2026	Price change	$1,575,000-6%$582/sqft
Source: CPAR #782317 Report a problem
4/24/2026	Listed for sale	$1,675,000$619/sqft
Source: CPAR #782317 Report a problem
4/1/2026	Listing removed	$1,675,000$619/sqft
Source: CPAR #782317 Report a problem
12/4/2025	Listed for sale	$1,675,000+86.1%$619/sqft
Source: CPAR #782317 Report a problem
1/20/2022	Sold	$900,000-9.5%$333/sqft
Source: CPAR #715087 Report a problem
12/14/2021	Contingent	$994,000$367/sqft
Source: CPAR #715087 Report a problem
11/22/2021	Price change	$994,000-0.1%$367/sqft
Source: CPAR #715087 Report a problem
10/6/2021	Price change	$995,000-5.1%$368/sqft
Source: CPAR #715087 Report a problem
9/30/2021	Price change	$1,049,000-10.3%$388/sqft
Source: CPAR #715087 Report a problem
8/18/2021	Price change	$1,169,000-0.1%$432/sqft
Source: CPAR #715087 Report a problem
8/9/2021	Price change	$1,170,000-0.4%$432/sqft
Source: CPAR #715087 Report a problem
8/3/2021	Price change	$1,175,000-0.8%$434/sqft
Source: CPAR #715087 Report a problem
7/23/2021	Listed for sale	$1,185,000+221.1%$438/sqft
Source: Owner Report a problem
7/13/2017	Sold	$369,000-19.8%$136/sqft
Source: CPAR #658126 Report a problem
6/20/2017	Pending sale	$459,900$170/sqft
Source: Coldwell Banker Carroll Realty, Inc. #658126 Report a problem
6/15/2017	Price change	$459,900-4.2%$170/sqft
Source: Coldwell Banker Carroll Realty, Inc. #658126 Report a problem
5/24/2017	Price change	$479,900-4%$177/sqft
Source: Hudson & Marshall Report a problem
4/28/2017	Price change	$499,900-23.1%$185/sqft
Source: Coldwell Banker Carroll Realty, Inc. #658126 Report a problem
2/23/2017	Listed for sale	--
Source: Auction.com Report a problem
2/23/2007	Sold	$650,000+20.4%$240/sqft
Source: Public Record Report a problem
9/2/2004	Sold	$540,000$200/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$9,951 +3.4%	$806,498 +5.2%
2023	$9,623 +23.7%	$766,468 +14.5%
2022	$7,781	$669,303
2021	--	--
2020	--	$306,053 -0.6%
2019	--	$307,891 -8.2%
2018	--	$335,352 -4.6%
2017	$3,371 -24.6%	$351,590 -0.8%
2016	$4,471 -7.2%	$354,600 -2.1%
2015	$4,820	$362,162 -1.4%
2014	$4,820	$367,310 -0.9%
2013	--	$370,659 -0.3%
2012	--	$371,931 -8.7%
2011	--	$407,578 -1.1%
2010	--	$412,270 -13%
2009	--	$474,013 -11.6%
2008	--	$536,082 +15.7%
2007	--	$463,216 -35.1%
2006	--	$713,476 +51.7%
2005	--	$470,360 +98.9%
2004	--	$236,538 +9.1%
2003	--	$216,769 +29.4%
2002	--	$167,548
2001	--	$167,548 +11.5%
2000	--	$150,261