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Wade M. Berlin

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5501 Lagoon Way
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PRICED AT ONLY: $309,000

Address: 5501 Lagoon Way, Panama City Beach, FL 32408

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 2019, 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. All information is deemed reliable but not guaranteed. Buyer to verify all information.
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  • MLS#: 771218 ( Residential )
  • Street Address: 5501 Lagoon Way
  • Viewed: 25
  • Price: $309,000
  • Price sqft: $178
  • Waterfront: No
  • Year Built: 1977
  • Bldg sqft: 1736
  • Bedrooms: 3
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 204
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Features
Building and Construction
  • Covered Spaces: 1.00
  • Fencing: Fenced
  • Flooring: Carpet
  • Living Area: 0.00
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, WindowUnits
  • Heating: Central, Electric, Fireplaces
  • Sewer: SepticTank
  • Utilities: CableConnected, ElectricityAvailable, SepticAvailable, TrashCollection
Amenities
  • Association Amenities: BeachAccess, BoatRamp
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, Refrigerator, Washer
  • Interior Features: BreakfastBar, SplitBedrooms, Storage
  • Legal Description: BILTMORE BEACH LOT 17 BLK I ORB 1283 P 1685 MAP 70B2
  • Levels: One
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Vacant
  • Parcel Number: 31841-000-000
  • Style: Contemporary
  • The Range: 0.00
  • Views: 25
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Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin