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For sale
    • Price cut: $10K (8/16)
    $415,000

    7005 S Lagoon Dr, Panama City Beach, FL 32408

    3beds
    1,156sqft
    : 
    $2,638/mo
    Get pre-qualified
    Single Family Residence
    Built in 1978
    6,098 Square Feet Lot
    $396,700 Zestimate®
    $359/sqft
    $-- HOA

    What's special

    Fully furnishedCoastal-inspired finishesThoughtfully renovated kitchenSpacious bedroomsGranite countertopsBeautifully updated beach retreatLarge backyard
    OPEN HOUSE THIS SUNDAY 1-4PM! Welcome to The Flip Flop House, 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.
    69 days
    |
    580
    |
    29
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mindi A Sato 850-628-3118,

    Keller Williams Success Realty

    Source: CPAR,MLS#: 791330MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom, Kitchen, Living Room, Primary Bedroom
      Primary bedroom
      • Level: First
      • Dimensions: 14 x 11
      Bedroom
      • Level: First
      • Dimensions: 11 x 11
      Bedroom
      • Level: First
      • Dimensions: 11 x 9
      Kitchen
      • Level: First
      • Dimensions: 15 x 15
      Living room
      • Level: First
      • Dimensions: 17 x 15
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Electric Range, Electric Water Heater
      Features
      • Main Level Primary, Shower Only
      Interior area
      • Total structure area: 1,156
      • Total interior livable area: 1,156 sqft

      Property

      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Open, Patio, Porch
      • Exterior features: Patio
      • Fencing: Partial
      Lot
      • Size: 6,098 Square Feet
      • Dimensions: 55.0 ft x 117.0 ft
      Details
      • Parcel number: 30808070000
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Foundation: Slab
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1978

      Utilities & green energy

      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Security: Smoke Detector(s)
      • Subdivision: Holiday Beach Unit 13
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $359/sqft
      • Tax assessed value: $324,121
      • Annual tax amount: $4,023
      • Date on market: 6/14/2026
      • Cumulative days on market: 70 days
      • Electric utility on property: Yes

        Estimated market value

        $396,700

        $377,000 - $417,000

        $2,670/mo

        Price history

        DateEventPrice
        8/16/2026Price change$415,000-2.4%$359/sqft
        Source: CPAR #791330 Report a problem
        7/10/2026Price change$2,850-9.5%$2/sqft
        Source: CPAR #792116 Report a problem
        7/2/2026Listed for rent$3,150+5%$3/sqft
        Source: CPAR #792116 Report a problem
        6/14/2026Listed for sale$425,000-4.5%$368/sqft
        Source: CPAR #791330 Report a problem
        12/1/2025Listing removed$445,000$385/sqft
        Source: BHHS broker feed #772535 Report a problem
        4/25/2025Listed for sale$445,000+7.2%$385/sqft
        Source: CPAR #772535 Report a problem
        12/22/2024Listing removed$3,000$3/sqft
        Source: CPAR #762599 Report a problem
        11/12/2024Price change$3,000-3.2%$3/sqft
        Source: CPAR #762599 Report a problem
        9/13/2024Listed for rent$3,100$3/sqft
        Source: CPAR #762599 Report a problem
        4/26/2024Sold$415,000$359/sqft
        Source: CPAR #753311 Report a problem
        4/8/2024Contingent$415,000$359/sqft
        Source: CPAR #753311 Report a problem
        4/1/2024Price change$415,000-2.4%$359/sqft
        Source: CPAR #753311 Report a problem
        2/26/2024Listed for sale$425,000+3.7%$368/sqft
        Source: CPAR #753311 Report a problem
        7/6/2023Sold$410,000-4%$355/sqft
        Source: Public Record Report a problem
        6/18/2023Pending sale$427,000$369/sqft
        Source: CPAR #741307 Report a problem
        6/17/2023Price change$427,000-0.5%$369/sqft
        Source: CPAR #741307 Report a problem
        6/14/2023Price change$429,000-6.5%$371/sqft
        Source: CPAR #741307 Report a problem
        6/5/2023Price change$459,000-4.3%$397/sqft
        Source: CPAR #741307 Report a problem
        5/31/2023Price change$479,700-1.4%$415/sqft
        Source: CPAR #741307 Report a problem
        5/15/2023Listed for sale$486,700+94.7%$421/sqft
        Source: CPAR #741307 Report a problem
        9/2/2022Sold$250,000-12.3%$216/sqft
        Source: CPAR #728148 Report a problem
        8/20/2022Pending sale$285,000$247/sqft
        Source: CPAR #728148 Report a problem
        8/16/2022Price change$285,000-8.1%$247/sqft
        Source: CPAR #728148 Report a problem
        7/22/2022Price change$310,000-1.6%$268/sqft
        Source: CPAR #728148 Report a problem
        7/21/2022Listed for sale$315,000$272/sqft
        Source: CPAR #728148 Report a problem
        7/12/2022Pending sale$315,000$272/sqft
        Source: Engel & Volkers #728148 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,023 +35.1%$324,121 +37.9%
        2023$2,979 +70.1%$235,050 +58.8%
        2022$1,752 $147,985
        2021-- --
        2020$1,390 +11.3%$107,953 +10%
        2019$1,249 $98,139 +4.8%
        2018$1,249 +69.1%$93,602 +2.1%
        2017$739 +2.1%$91,677 +2.1%
        2016$724 -0.8%$89,791 +0.7%
        2015$730 $89,167 +0.8%
        2014$730 $88,459 +1.5%
        2013-- $87,152 -1.3%
        2012-- $88,266 +6.1%
        2011-- $83,199 +1.5%
        2010-- $81,969 +2.7%
        2009-- $79,814 +0.1%
        2008-- $79,734 +3%
        2007-- $77,412 +2.5%
        2006-- $75,524 +3%
        2005-- $73,324 +3%
        2004-- $71,188 +1.9%
        2003-- $69,860 +2.4%
        2002-- $68,223
        2001-- $68,223 +1.2%
        2000-- $67,388
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        34 / 100
        Car-Dependent
        51 / 100
        Bikeable

        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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