MUST-SEE coastal oasis in Panama City Beach! Situated on two oversized lots with approximately 150 feet of waterfront on Lullwater Lake, this exceptional home offers a rare combination of space, privacy, and location—just steps from the world's most beautiful beaches. A private walkway leads directly to the dock, perfect for enjoying lake views and waterfront living, while a separate kayak launch provides easy access to the water. The property offers ample room for a pool, 50-amp service for a boat or RV, a fenced backyard, and a two-car garage with insulated walls and large storage closet. Outdoor features include a large circular driveway with parking for 8+ vehicles, RV or boat parking, sprinkler system, and a custom wood courtyard door opening to a central courtyard with a custom pergola sunshade. The backyard includes an extended patio with outdoor shower and is plumbed for a future summer kitchen. A Generac whole-house generator provides added peace of mind. Located in a well-established neighborhood with NO HOA. Completely renovated down to the studs in 2019, updates include a metal roof, plumbing, electrical, HVAC and ductwork, tankless water heater, and all new impact-rated doors, windows, and garage door. Inside features 4 bedrooms, 3 bathrooms, crown molding, updated lighting, custom cabinetry, quartz countertops, new flooring, custom tile showers, a gas fireplace, and a modern kitchen with stainless Samsung appliances and wine fridge. Convenient to the beach, dining, shopping, and entertainment. Full improvement list available in MLS documents.