0.32 Acres of Land for Sale in Panama City Beach, Florida

price

$1,200,000|Listed: Jun 15, 2026

MLS#140291731

location

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

    img

    Beth Mulvey

    company

    Beach House Sales and Development

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