$475,000

5701 S Lagoon Dr Panama City, FL 32408

$5,641
Closing credit¹
3 beds
2 full
2,292 sqft
0.1 acres
$207 / sqft
House

Property details

About 5701 S Lagoon Dr

This beautifully updated 3-bedroom, 2-bathroom home is just a quick golf cart ride from the sandy shores, making it perfect as a primary residence or an incredible vacation rental. Its prime location offers easy access to local attractions, shopping, and dining, while the thoughtfully designed split floor plan ensures privacy and comfortable living.In 2022, this home underwent significant updates, including brand-new tile flooring throughout, enhancing its modern, low-maintenance appeal. The kitchen features granite countertops, custom cabinetry, and newer appliances, including a brand-new dishwasher installed in 2024.The electrical work, completed in 2022 by a licensed electrican, adds incredible value. A 100-amp subpanel powers the spacious storage building, offering the potential to convert it into a fully functional apartment. Additionally, wiring for a pool has already been completed, saving the next owner up to $10,000 in future installation costs.The home's ductwork was also updated in 2022, ensuring efficient cooling and heating. The cabana, equipped with a new AC unit installed this year, offers an extra living space ideal for guests, a home office, or even a cozy entertainment area.The spacious backyard has room for a pool, and existing plans can be provided to help you bring your vision to life. Plus, with a large utility room and a 2-car garage, you'll have all the storage you need.This is a rare opportunity to own a meticulously maintained home that blends coastal convenience with modern upgrades. Don't miss out--schedule your private tour today

Highlights

Home typeSingle Family Residence
StatusActive
CoolingCentral Air, Ceiling Fan(s)
Size2,292 sqft
Lot size0.15 Acres
Year built1983
MLS #765740
Garage2 spaces

Summary

  • Full Bathrooms: 2
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
  • Total Bedroom Count: 3
  • Garage Space: 2 spaces
  • Architectural Style: Contemporary
  • Cooling: Central Air, Ceiling Fan(s)
  • List Price: $475,000
  • Price/SqFt: $207
  • Directions: From Hwy 98 and Thomas Drive, go 3.2 miles. Turn right on Trelawny Ave. Take first right onto Treasure Circle. Take next right onto Hilltop Ave. Turn right onto Mystic Street. Take first right onto South Lagoon Dr. - 5701 South Lagoon Dr. will be on your right.
  • Year Built: 1983
  • Living Area: 2,292 SqFt
  • Lot Size: 0.15 Acres
  • MLS Number: 765740
  • MLS Name: BCAR
  • Office Name: Beachy Beach Real Estate

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 5:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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single story home with a garage

$475,000

5701 S Lagoon Dr

$5,641

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

7

Patronis Elementary School

Public District KG-5

1.6 mi

7400 Patronis Dr

5

Lucille Moore Elementary School

Public District PK-5

3.7 mi

1900 Michigan Ave

1

St. Andrew School at Oakland Terrace

Public District PK-5

4.1 mi

2010 W 12th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $42,841. Residents of Panama City, FL typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

40%
<35k
52%
35k-100k
5%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

57%
Single, No Kids
7%
Single, with Kids
22%
Married, No Kids
14%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
6%
12-17 yrs old
27%
18-34 yrs old
47%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • Pro BoxingPro Boxing
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Forever 21Forever 21
  • BurlingtonBurlington
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • PopeyesPopeyes
  • ChipotleChipotle

What do the neighbors drive?

  • MazdaMazda
  • DodgeDodge
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban ContemporaryUrban Contemporary
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5701 S Lagoon Dr

The listing price of 5701 S Lagoon Dr property is $475,000.

The property 5701 S Lagoon Dr is a house located in Panama City, Florida, 32408.

Active Listing: 5701 S Lagoon Dr is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 5701 S Lagoon Dr are: Patronis Elementary School (GreatSchools Rating 7/10), Lucille Moore Elementary School (GreatSchools Rating 5/10), St. Andrew School at Oakland Terrace (GreatSchools Rating 1/10), Breakfast Point Academy (GreatSchools Rating 6/10), Jinks Middle School (GreatSchools Rating 2/10), University Academy Sabl Inc (GreatSchools Rating 10/10), Rising Leaders Academy (GreatSchools Rating 5/10), Central High School (GreatSchools Rating 2/10), Bay Virtual Franchise (GreatSchools Rating 6/10).

The property at 5701 S Lagoon Dr has 3 bedrooms and 2 bathrooms.

The property 5701 S Lagoon Dr is 2,292 SqFt (source: MLS/tax record).

The year of construction for 5701 S Lagoon Dr is 1983.

This home is located at 5701 S Lagoon Dr in Panama City, FL and zip code 32408 in the Biltmore Beach neighborhood. This 2,292 square foot home, which was built in 1983, sits on a 0.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 6, 2024 and is currently priced at $475,000.

In April 2025 more than 20 listings in Panama City, FL were sold above the asking price. During the same period more than 60 listings were sold at asking price, while more than 127 were sold below. The inventory of homes for sale in Panama City, FL between March and April 2025 increased by 2.2%. While the average time on the market in April 2025 was 83 days, the median list price was $334,464.

From Rocket Homes Real Estate and based on county public records data.

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