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5501 Lagoon Way, Panama City, FL 32408
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5501 Lagoon Way
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Would you like to sell your home before you purchase this one?
Priced at Only: $362,250
For more Information Call:
Address: 5501 Lagoon Way, Panama City, FL 32408
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  • MLS#: 771218 ( Residential )
  • Street Address: 5501 Lagoon Way
  • Viewed: 21
  • Price: $362,250
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1977
  • Bldg sqft: 0
  • Bedrooms: 3
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 8
  • Additional Information
  • Geolocation: 30.1473 / -85.7539
  • County: BAY
  • City: Panama City
  • Zipcode: 32408
  • Subdivision: Biltmore Beach
  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold
  • Provided by: Coldwell Banker Realty
  • DMCA Notice
  • Description
    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.
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Features
Building and Construction
  • Covered Spaces: 1.00
  • Fencing: Fenced
  • Living Area: 2220.00
  • Roof: Shingle
Land Information
  • Lot Features: InteriorLot
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Patronis
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Carport, Driveway
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir, Electric, WindowUnits
  • Heating: Central, Electric, Fireplaces
  • Sewer: SepticTank
  • Utilities: CableConnected, SepticAvailable, TrashCollection
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Appliances: Dryer, Dishwasher, ElectricOven, Refrigerator, Washer
  • Furnished: Unfurnished
  • Interior Features: BreakfastBar, SplitBedrooms, Storage
  • Legal Description: BILTMORE BEACH LOT 17 BLK I ORB 1283 P 1685 MAP 70B2
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Vacant
  • Parcel Number: 31841-000-000
  • Style: Contemporary
  • The Range: 0.00
  • Views: 21
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Nearby Subdivisions
[no Recorded Subdiv]   A W Pledger Panama City Beach   Baltimore Beach   Bay Point Unit 1   Beachcrest   Bel Air   Biltmore Beach   Biltmore Beach 1st Add   Crescent Beach Unit 1   Cresent Bch Unit 1   Delwood Point At The Preserve    Dragon's Ridge Corrctd   Emerald Pointe Resort   Grand Lagoon Pointe   Grand Lagoon Shores 1   Grand Lagoon Shores 2   Grand Lagoon Shores 7   Greentree Unit-1   Hidden Lagoon   Hidden Pines Phase Vi   Holiday Beach On The Gulf   Holiday Beach Unit 14   Holiday Beach Unit 15   Holiday Beach Unit 16   Holiday Beach Unit 6   Holiday Beach Unit 8   Lagoon Oaks   Landward Townhouses   Leeward Tower Townhouse   Magnolia Bay Club   Magnolia Beach 2nd Add   Marlin Place   Mimosa Place   No Named Subdivision   North Lagoon Heights Phase Ii   North Lagoon Oaks   North Lagoon Oaks 8th Add   North Lagoon Oaks 9th   Palm Bay Unit 4   Palm Bay Unit 6   Panama Dunes   Pines Subdivision   Preserve On The Bay Ph I   Preserve On The Bay Ph Ii   Sanctuary Beach   Sand Dollar Estates   Silver Sands Unit 2   Sugar Shack Condo   Thomas Drive Park U-3   Treasure Cove   Treasure Island   Venture Out Travel Trail  
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Headshot for Associate Christa L. Vivolo
  1. Christa L. Vivolo
  2. Tropic Shores Realty
  3. Office: 352.440.3552
  4. Mobile: 727.641.8349
  5. christa.vivolo@gmail.com