5501 Lagoon Way
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5501 Lagoon Way
5501 Lagoon Way
5501 Lagoon Way
5501 Lagoon Way
5501 Lagoon Way
For Sale

5501 Lagoon Way

5501 Lagoon Way, Panama City, FL 32408

$362,250
Just five blocks from the sugar-white sands of Panama City Beach and within walking distance to the lagoon and a public boat ramp, 5501 Lagoon Way offers a unique opportunity in a prime coastal location. This 3-bedroom, 2-bathroom home features a flex space off the Florida room, ideal for a home office, playroom, or hobby area. Originally a 2-bedroom, 1-bath layout, the home was expanded to include a third bedroom and second full bathroom through a garage conversion that was previously used as a private beauty salon. A wood-burning fireplace adds charm to the main living area, and while the home showcases a vintage design, several major system upgrades have been completed. Recent improvements include storm-rated double-pane vinyl windows installed in 2024, a roof replacement in 2019, and updated wood siding on the back of the home in 2022 with new base trim around the entire exterior. The HVAC system was replaced around 2017, and the Whirlpool water heater, 2022 stainless steel LG refrigerator, and 2021 Samsung front-load washer and dryer offer modern comfort and efficiency. The addition was fully insulated, and the home is located in Flood Zone X. The septic system is situated in the front yard for easy access. Please note that items in the sunroom and the salon dryer chair do not convey. All information is deemed reliable but not guaranteed. Buyer to verify all information.

3
beds

2
baths

2,220 Sq.Ft. LIVING AREA

5,968 Sq.Ft. lot

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 5501 Lagoon Way, Panama City, FL 32408. We are reviewing your request and will be in touch shortly!
Alice De La Penha

Alice De La Penha

Sean Casilli

Sean Casilli

Features & Amenities

Interior

  • total bedrooms3
  • Total bathrooms2
  • full bathrooms2
  • APPLIANCES Dryer, Dishwasher, Electric Oven, Refrigerator, Washer
  • other interior Features Breakfast Bar, Split Bedrooms, Storage

Area & Lot

  • Status For Sale
  • Living Area2,220 Sq.Ft.
  • Lot Area5,968 Sq.Ft.
  • MLS® ID771218
  • TypeResidential
  • YEAR BUILT1977
  • NeighborhoodPanama City Beach
  • Architecture StylesContemporary
  • Elementary SchoolPatronis
  • Middle SchoolSurfside
  • High SchoolArnold

Exterior

  • STORIES1
  • utilitiesCable Connected, Septic Available, Trash Collection
  • roofShingle
  • lot featuresInterior Lot
  • parkingCarport, Driveway
  • HEAT TYPECentral, Electric, Fireplace(s)
  • AIR CONDITIONINGCentral Air, Electric, Window Unit(s)
  • sewerSeptic Tank
  • SubstructureSlab

Financial

  • Sales Price$362,250
  • Real Estate Tax $634/yr
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