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$1,200,000

2 months ago

224 E Lakeshore Dr, Panama City Beach, FL

House

3 Bed

3 Bath

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MLS® 783112

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage Yes
Taxes $1,729
Days Active 51
Lot Size 0.41 acres
Approx. Age 1990
MLS® Number 783112

Property Address: 224 E Lakeshore Dr, Panama City Beach, FL, 32413-1728

Average square foot calculated using Size range provided by listing agent.

Description

Prime development opportunity in the heart of Laguna Beach! Located just ~390 yards from the Gulf and near the area's highly sought-after ''Reserved Beach'', 224 E Lakeshore Drive offers exceptional upside for builders, developers, and long-term investors. This .407-acre parcel is zoned Bay County R-2 (Urban), allowing for duplexes, townhomes, and multiple dwelling units, making it ideal for redevelopment. The true value lies in the development flexibility—the property may be subdivided into multiple lots (up to approximately 4, subject to county approval) or developed as a multi-unit project, including duplexes or townhomes. The R-2 zoning supports a variety of configurations, including: Duplex or townhome development Potential lot splits for multiple single-family or attached residences Higher-density residential build-out consistent with surrounding newer construction City utilities are available, and the site is surrounded by newer homes and townhome projects, reinforcing both market viability and resale potential. Whether your strategy is to split lots, build duplexes, or develop townhomes, this property presents a rare opportunity west of Front Beach Road in an area with limited remaining undeveloped land.
MLS® Number783112
Laundry Level
Central VacNo
FireplaceNo
Acreage0.41
Exterior
GarageYes
Approx. Age1990
Basement
Driveway
Garage Spaces3
Heat
A/C
Heating Fuel

Extras

Rooms

Bedroom 1:First Floor15 × 18 ft
Kitchen:First Floor8 × 22 ft
Family Room:First Floor20 × 22 ft
Other:First Floor22 × 23 ft
Bedroom 1:First Floor11 × 12 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 2, 2026List Date
$1,200,000List Price
-End Date
Not Sold YetSold Price

For Rent

Nov 17, 2025List Date
$3,500List Price
  • Commute

Commute

Starting Address
Destination Address
224 E Lakeshore Dr, Panama City Beach, FL

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