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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.

Agent Description

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

1 story
2 full
1978

Amenities

A/C

Monthly Cost Estimate

$2,273/mo

20% down · 6.5% · 30 years

Principal$307
Interest$1,842
Insurance$124

Estimates only. Actual payments may vary.

Location

7005 S Lagoon Drive

Panama City Beach, FL 32408

Holiday Beach Unit 13

Features & Amenities

Interior Features

MainLevelPrimaryShowerOnly

Exterior Features

Patio

Property Details

Construction

Brick

Pool Features

PatioPorch

Heating

CentralElectric (Heating)

Cooling

Central Air

Appliances

ElectricRangeElectricWaterHeater

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.

MS

Mindi A Sato

Agent at Keller Williams Success Realty

(850) 628-3118

Listed by Keller Williams Success Realty · View on Broker Site

MLS# 791330· Source: listhub· Updated 1 days ago

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

7005 S Lagoon Drive, Panama City Beach, FL 32408

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