Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 3-bedroom, 2-bathroom single family at 7005 S Lagoon Drive in Panama City Beach, FL is listed for $425,000 ($368 per sqft). Built in 1978, the home offers 1,156 sqft of living space on a 0.14 acres lot.
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.
Key Features
- Built in 1978
- 0.14 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,273/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7005 S Lagoon Drive
Panama City Beach, FL 32408
Holiday Beach Unit 13
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Pool Features
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 7005 S Lagoon Drive is listed at $425,000 ($368/sqft). The estimated monthly payment is $1,842 based on 20% down at 6.5% interest.
Key features include: Built in 1978, 0.14 acre lot. Interior Features: MainLevelPrimary, ShowerOnly. Exterior Features: Patio.
This property is listed by Mindi A Sato and can be reached at 8506283118 or mindisato@gmail.com.








