8829 N Lagoon DR Panama City, FL 32408
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 3,138 sqft
Price per Sqft $356
Subdivision Beachside East
MLS Listing ID 793814
Style Other
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1967
Annual Tax Amount $9,175
Tax Year 2025
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Single Family Residence
Property Description
Experience the very best of waterfront living at Poseidon's Palace, a fully furnished, turnkey North Lagoon retreat where luxury, recreation, and income-producing opportunity come together. Whether you're searching for a stunning primary residence, an unforgettable second home, or a proven income-producing vacation rental, this exceptional property offers a rare combination of modern upgrades, resort-style amenities, and an unbeatable coastal lifestyle.
Perfectly positioned on North Lagoon, you'll enjoy direct boating access to St. Andrews Bay and the Gulf of Mexico from your private dock, making it easy to spend the day fishing, paddleboarding, kayaking, cruising to Shell Island, or arriving by boat at some of Panama City Beach's favorite waterfront restaurants. After a day on the water, unwind in the heated pool, soak in the year-round hot tub, or relax beneath the oversized covered patio overlooking your private waterfront oasis.
Thoughtfully renovated with quality and craftsmanship throughout, the home underwent an extensive transformation in 2022 featuring a beautifully redesigned kitchen, fully renovated bathrooms, new luxury vinyl plank flooring throughout, fresh interior and exterior paint, new doors and hardware, recessed lighting, and a completely rebuilt dock. In 2023, the home was further enhanced with two new HVAC systems, a resort-style pool with an app-controlled gas heater, expansive paver pool deck, oversized covered patio, and a large composite waterfront deck designed for entertaining and maximizing the incredible outdoor living experience. Additional upgrades include a tankless water heater and commercial-size refrigerator and freezer, providing exceptional functionality for everyday living or hosting large gatherings.
Designed to comfortably accommodate large families and groups, the spacious floor plan offers generous indoor and outdoor gathering spaces that seamlessly blend comfort, style, and functionality. Whether you're hosting unforgettable summer barbecues, watching breathtaking sunsets from the dock, enjoying evenings beneath the string lights, or simply relaxing by the water, every detail of this home was designed to embrace the very best of waterfront living.
Ideally located just minutes from the white-sand beaches of Panama City Beach, marinas, shopping, dining, entertainment, and St. Andrews State Park, you'll enjoy the perfect balance of peaceful waterfront living with convenient access to everything the Emerald Coast has to offer.
An equally compelling opportunity for investors, this home has an established track record of outstanding short-term rental performance, generating approximately $152,000 in gross rental revenue in 2024 and $170,000 in 2025. While 2026 revenue reflects a planned period during which the property was intentionally unavailable for approximately eight weeks, it should not be viewed as representative of the home's annual income potential. Complete rental history and financial information are available upon request.
Every major improvement has already been completed, allowing the next owner to simply arrive, embrace the waterfront lifestyle, and begin creating unforgettable memories--or continue the home's proven success as one of Panama City Beach's premier waterfront vacation rentals.
An equally compelling opportunity for investors, Poseidon's Palace has an established history as a high-performing vacation rental, generating over $322,000 in gross revenue over the past two full calendar years. While 2026 revenue reflects a planned period during which the property was intentionally unavailable for approximately eight weeks, it should not be viewed as representative of the home's annual income potential. A detailed Property Performance & Investment Package is available upon request for qualified buyers.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Interior Features Main Level Primary
Heating Central, Natural Gas
Cooling Central Air
Fireplace No
Appliance Ice Maker
Exterior
Pool Gunite, Electric Heat, In Ground, Other, Private
Utilities Available Cable Connected, Electricity Available, Natural Gas Available, Sewer Available
Waterfront Description Canal Access
View Y/N Yes
Water Access Desc Canal Access
View Canal, Lagoon
Accessibility Accessible Kitchen, Accessible Hallway(s)
Private Pool Yes
Building
Story 2
Entry Level Two
Sewer Public Sewer
Architectural Style Other
Level or Stories Two
Additional Building Gazebo
New Construction No
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
Senior Community No
Restrictions No Short Term Rentals
Tax ID 30218-000-000
Nearby Locations