5501 Lagoon WAY Active Save Request In-Person Tour Request Virtual Tour
Panama City Beach,FL 32408
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,220 sqft
Price per Sqft $163
Subdivision Biltmore Beach
MLS Listing ID 771218
Style Contemporary
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1977
Annual Tax Amount $634
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Detached
Property Description
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 2017, 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. Please note that items in the sunroom and the salon dryer chair do not convey. All information is deemed reliable but not guaranteed. Buyer to verify all information.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Breakfast Bar,Split Bedrooms,Storage
Heating Central,Electric,Fireplace(s)
Cooling Central Air,Electric,Window Unit(s)
Furnishings Unfurnished
Fireplace Yes
Appliance Dryer,Dishwasher,Electric Oven,Refrigerator,Washer
Exterior
Parking Features Carport,Driveway
Fence Fenced
Community Features Short Term Rental Allowed
Utilities Available Cable Connected,Septic Available,Trash Collection
Roof Type Shingle
Porch Covered,Patio
Building
Lot Description Interior Lot
Story 1
Foundation Slab
Sewer Septic Tank
Architectural Style Contemporary
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 31841-000-000
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition Listed As-Is
Virtual Tour https://www.zillow.com/view-imx/c90753de-5e22-4151-8a12-aa960317b9c0?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard