0.32 Acres of Land for Sale in Panama City Beach, Florida
$1,200,000|Listed: Jun 15, 2026
MLS#140291731
7122 S Lagoon Drive, Panama City Beach, Bay County, Florida
Status:Active
Property Type
Acreage
0.32 acres
County
Bay
Format
Sale
Description
Rare opportunity to own a double waterfront lot on South Lagoon with approximately 100 feet of deep-water frontage and Gulf access. Opportunities like this are becoming increasingly difficult to find, especially with the flexibility and potential this property offers.
The true value is in the land. Situated on two lots, this property offers the potential to renovate, rebuild, or redevelop. Per the county, the existing residence may be removed and the lots split, creating a unique opportunity for investors, builders, or those looking to create a custom waterfront estate.
Enjoy direct waterfront access with an existing boat dock, boathouse with electric lift, and deep-water access suitable for a variety of boating needs. With its prime South Lagoon location, expansive waterfront frontage, and development potential.
Bring all offers. Opportunities to acquire a double waterfront lot with Gulf access in this location are rare. There is a home currently on the property. Home demolition to be performed by buyer.
Listing Agent

Beth Mulvey
Beach House Sales and Development
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