# 7005 S Lagoon Drive, Panama City Beach, FL 32408

> **TL;DR:** 3bd/2ba single family, $425,000 ($368/sqft), built 1978, 1,156 sqft.
> A/C. Est. $1,842/mo. Listed 11 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $425,000 |
| Price/sqft | $368 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 1,156 |
| Year Built | 1978 |
| Lot Size | 6,098 sqft (0.14 acres) |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 11 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,842 |
| **Total** | **$1,842** |

## Nearby Schools

- **Elementary:** Patronis
- **Middle:** Surfside
- **High:** Arnold

## Key Amenities

- A/C

## Property Highlights

- Built in 1978
- 0.14 acre lot

## Description

### 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.

## Location

- **Address:** 7005 S Lagoon Drive, Panama City Beach, FL 32408
- **County:** Bay
- **Neighborhood:** Holiday Beach Unit 13
- **Coordinates:** 30.159016, -85.770833
- **Google Maps:** https://www.google.com/maps?q=30.159016,-85.770833

## Listing Agent

- **Name:** Mindi A Sato
- **Brokerage:** Keller Williams Success Realty
- **Phone:** 8506283118
- **Email:** mindisato@gmail.com

## Primary Photo

![7005 S Lagoon Drive - Primary Photo](http://lh.rdcpix.com/74be50f292740fb12db86700c49c0c31l-f2779254032r.jpg)

*37 total photos available on [listing page](https://www.propertysimple.com/listing/7005-s-lagoon-drive-panama-city-beach-fl-32408-l791330)*

---

**MLS#:** 791330 | **Updated:** 2026-06-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/7005-s-lagoon-drive-panama-city-beach-fl-32408-l791330)

---

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