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Lower Grand Lagoon

Lower Grand Lagoon

Neighborhood in Panama City Beach, Florida

Bay County 32408

$591,606 Average Value
$431 Average Price per Sq Ft
303 Homes For Sale

Beach town living at an easygoing pace

Homes all around Lower Grand Lagoon share a common denominator, one that’s a constant pull to the area. “I like it because you can walk to the beach,” says Marc Miller, a local realtor with RE/MAX By the Sea. “Pretty much anywhere in that Lower Grand Lagoon area, I’d say, you can walk to the beach pretty easily. Might be like an eight-minute walk, 10-minute walk, but not bad.” Combine that with less tourism hubbub than the heart of Panama City Beach to the west, and this community is one that’s attractive to locals, seasonal residents and short-term rental clients alike.

Outdoor fun by water or by land, from St. Andrews to the Gulf

Lower Grand Lagoon is like a peninsula, jetting out into the area waters. So not only are houses here just minutes from the beach on foot, but there are several public beach access points to choose from, facing the Gulf of Mexico on the neighborhood’s south side. So residents can step from their front doors and onto the region’s signature, sugary soft sand with relative ease. “I feel like nowhere else do you get that white sand, sugary sand. Like, you walk on it, it squeaks,” says Miller, who has been a realtor for over three years after working at Panama City’s Naval Surface Warfare Center. The sand provides a front-row seat to the Gulf’s emerald-green water. The neighborhood's north end is lined with myriad waterfront homes, along a sliver of the Grand Lagoon — many of them complete with docks out back. This side of Lower Grand Lagoon is also the home base to multiple fishing charter services and water tour boats that can take people out to see the sector’s immense bottlenose dolphin population. The end of Lower Grand Lagoon is home to one of Florida’s most-visited state parks: St. Andrews State Park. This 1,200-acre expanse is popular for camping, and has a couple of half-mile hiking trails that double as spots for bird watching. St. Andrews is well-liked for snorkeling and surfing as well.

A medley of homes with a variety of uses

This area is mostly comprised of condos and traditional single-family houses, dotting a grid network of residential streets. There are a good bit of full-time residents here, but this neighborhood also provides a calmer alternative for visitors and part-time residents compared to the tourist hotspot of Panama City Beach proper. Panama City Beach attracts some 4.5 million visitors annually, including a surge in the summer months. “It’s about traffic. If you’re trying to avoid seasonal traffic, that’s the place to be,” says Sean Casilli, co-founder of The Real Experts Group at Coldwell Banker Realty and a realtor in the region for several years. There’s a fit for seemingly every preference in this area, too, from one-bedroom units in high-rise condo buildings facing the beach to towering detached homes with six or seven bedrooms. Also, the waterfront properties with docks offer boaters quicker access to the Gulf than a lot of other neighborhoods in this area, through the St. Andrews Pass. “That’s probably your closest option,” Casilli says. Condo prices in Lower Grand Lagoon start around $200,000 for under 700 square feet, with one bedroom, and can reach roughly $2 million for a 3,000-square-foot unit on the beach. Traditional single-family homes here range from the mid-$300,000s for an option that may need some work to about $3 million for one of the residences with six to seven bedrooms.

Enjoy the local scene, with a seafood flair

One of the neighborhood’s signature events takes place each October at popular seafood restaurant Schooners: the Lobster Festival. Held over four days, the Lobster Festival includes everything from live music to lobster-themed food specials. “That seems to be something people get excited about when it comes around,” Casilli says. Locals can follow up the Lobster Festival with the Annual Grand Lagoon Bloody Mary & Music Festival in November at the Sheraton Panama City Beach Golf and Spa Resort in the neighboring Upper Grand Lagoon neighborhood. In this event, bars and restaurants from around the area battle for recognition of Best Bloody Mary in the Grand Lagoon.

Local haunts are right at home

Lower Grand Lagoon is predominantly residential, but this neighborhood — along with Upper Grand Lagoon — carries the most dense collection of locally owned bars and restaurants in the area. Schooners, home of the Lobster Festival, is one of the stalwarts of Lower Grand Lagoon, nicknamed the “Last Local Beach Club” here. Open from 11 a.m. to 9 p.m. every day, Schooners is popular for its grouper and has regular live music performances, too. Patches Pub down the road is known for its Reuben sandwiches and is one of Miller’s favorites. “It’s always packed in there,” Miller says. “They’ve got live music in there and cheap food — good food, though.” Those eyeing a homecooked meal can stop by nearby spots like Treasure Island Seafood Market for fresh ingredients. There’s a Publix across Grand Lagoon Bridge in Upper Grand Lagoon, too.

Bay District schools boast a good reputation

The Bay District school system serves kids in Lower Grand Lagoon, a system with a B-plus overall grade on Niche. Students here start at the A-minus-rated Patronis Elementary, which benefits from an active PTO, one seen as the “heartbeat” of campus. B-rated Surfside Middle offers athletic programs with options ranging from a championship girls volleyball team to a football team. The area’s B-plus-rated J.R. Arnold High supports dedicated programs in topics like sports and entertainment marketing and culinary arts.

Traffic is easier to navigate

One of the benefits of Lower Grand Lagoon for locals is that there are essentially only two main lanes of traffic in and out, on Thomas Drive. Lower Grand Lagoon, in turn, features more of a secluded feel than the center of Panama City Beach, which has busier stretches like Panama City Beach Parkway coursing through it. Thomas Drive comes complete with multiple stops in the region’s Bayway bus system, too.

Wayne Epps Jr.
Written By
Wayne Epps Jr.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Brittany Gonzalez, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Northwest Florida Beaches International

38 min drive

Bus

Thomas Dr. & Quarts St.

Bus

Thomas Dr. & The Curve

Bus

Thomas Dr. & Dolphin Dr.

Bus

Thomas Dr. & Ocean St.

Bus

Thomas Dr. & Biltmore Dr.

Bus

Thomas Dr. & Flint Ave.

Bus

Thomas Dr. & Irwin St.

Crime and Safety

1 - Low Crime, 10 - High Crime Lower Grand Lagoon US
Homicide 2 4
Sexual Assault 2 4
Assault with Weapon 2 4
Robbery 3 4
Burglary 4 4
Motor Vehicle Theft 3 4
Larceny 3 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$479,000
Median Single Family Price
$505,000
Median Townhouse Price
$432,000
Median 2 Bedroom Price
$491,450
Median 1 Bedroom Price
$292,000
Average Price Per Sq Ft
$431
Number of Homes for Sale
303
Last 12 months Home Sales
337
Months of Supply
10.80
Median List Price
$512,495
Median Discount From 1st List Price
5%
Median Home Sale Price YoY Change
0%

Home Facts

Number of Homes in Neighborhood
5,296
Median Year Built
1984
Avg. Single Family Home Size Sq Ft
1,512
Significantly below the national average
1,935
Average Townhouse Size Sq Ft
2,031
Average 2 Bedroom Size Sq Ft
1,171
Average 1 Bedroom Size Sq Ft
697
Median Lot Size Sq Ft
5,662

Open Houses

  • Saturday, May 3
    1 - 4pm

    5801 Thomas Dr Unit 1119, Panama City Beach, FL 32408

    $450,000

    • 2 Beds
    • 2 Baths
    • 1,144 Sq Ft
    • 5801 Thomas Dr
    • Unit 1119

    ALERT!!! MASTER ON THE GULF WITH WINDOW THAT OPENS TO HEAR THE GULF BREEZE. YOU ALSO HAVE A PRIVATE DOOR FROM THE MASTER THAT GOES TO THE PATIO. This fully furnished, and stunning 2 bed 2 bath condo is located on the popular East End of PCB Beach! REGENCY TOWERS HAS IT ALL! TWO LARGE POOLS AND SUPER COOL TIKI BAR AND EATERY ONSITE/POOLSIDE. The other amenities at Regency Towers are second to

    Agent Photo
    Sassy French
    Keller Williams Success Realty
    (865) 617-6184
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  • Sunday, May 4
    1 - 3pm

    8730 Thomas Dr Unit 1307A, Panama City Beach, FL 32408

    $213,000

    • 1 Bed
    • 1 Bath
    • 623 Sq Ft
    • 8730 Thomas Dr
    • Unit 1307A

    Rental projections up to $28K! Your turn-key coastal lifestyle awaits at 1307A in St. Thomas Square. This well-appointed residence, nestled behind private gates and perfectly perched above the vibrant local retail/restaurant spaces of the Plaza, offers over 620 sq ft of meticulously designed living space. Revel in the sophistication of ideal interior upgrades and unwind on your private balcony

    Agent Photo
    Abigail Davis
    Corcoran Reverie SRB
    (448) 231-1738
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  • Saturday, Apr 26
    11am - 2pm

    3600 Thomas Dr Unit D302, Panama City, FL 32408

    $264,999

    • 1 Bed
    • 1 Bath
    • 980 Sq Ft
    • 3600 Thomas Dr
    • Unit D302
    • New 15 days ago

    Welcome to 3600 Thomas Dr D302, a stunning waterfront condo that offers the perfect blend of relaxation, investment potential, and unbeatable views. Whether you're looking for a turnkey vacation rental or your own coastal retreat, this property is ready to impress.Step inside to find an open and airy floor plan with soaring ceilings and a spacious loft that comfortably fits two queen beds,

    Bruno Mihalko EXP Realty LLC

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Interested in learning more about homes in this area? Reach out to Brittany Gonzalez, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
8,580
Median Age
52
Population Density
7 ppl/acre
Population under 18
15.2%
Below the national average
23.8%
Population over 65
27.5%
Above the national average
19.1%

Finances

Median Household Income
$68,722
On par with the national average
$71,702
Average Household Income
$89,050

Education and Workforce

High School Graduates
94.5%
Above the national average
89.1%
College Graduates
31.3%
Advanced Degrees
12%
% Population in Labor Force
60.4%
On par with the national average
65.1%

Weather

Annual Precipitation
57''
Average Winter Low Temperature
45°F
Average Summer High Temperature
90°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®

49 / 100

Car-Dependent

Walk Score®

48 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Lower Grand Lagoon