8908 N Lagoon Drive, Panama City, FL 32408

Property Description

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS Check out this oversized 3/4+ acre lot in the highly desirable upper North lagoon area. Located directly across from the Grand Lagoon with Gulf access the property offers a rare opportunity with the south frontage on North Lagoon Drive and the North lot line on Polly Avenue. The lot can be divided and rezoned (per Bay Co. Planning and Zoning) to allow R-3 on Polly avenue and will accommodate a triplex or quadplex. The property is Just a few blocks from the Worlds Most Beautiful Beaches and close to shopping, restaurants, and entertainment. The entire property is fully fenced and divided with a fence installed in May of 2026. Each area has its own power water and septic system. The garage is also separately powered and includes both 110 and 220 volt service. The home is three bedroom 2 bath and is in need of some TLC, however it has good bones and a lot of potential. The lot features a Pergola and outdoor shower that creates additional space for relaxing and entertainment. With two separate areas,, generous outdoor space, and a prime location this unique property offers exceptional flexibility and potential. All facts listed must be confirmed by Buyer and all offers must be contingent upon a court order for sale of property.