24

Lower Grand Lagoon, FL Townhomes for Sale

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  • /39

    $425,000 Open Wed 4PM - 6PM

    • 3 Beds
    • 2 Baths
    • 1,288 Sq Ft

    5516 Beach Dr Unit A, Panama City, FL 32408

    Sellers are offering up to $2,000 PAINT ALLOWANCE--a swift way to personalize your new home without lifting a brush!Short distance to the beautiful white sands!Updated Townhome with Style, Space & NO HOA!Ready to live the salt life? Just one block from beach access Number 9! This updated 3-bedroom, 2-bath townhome + possible flex space... puts you right in the heart of Panama City Beach fun --

    Barbara Wade Beachy Beach Real Estate

    5516 Beach Dr Unit A, Panama City, FL 32408
  • /47

    $459,000

    • 2 Beds
    • 2.5 Baths
    • 1,548 Sq Ft

    6717 Beach Dr, Panama City, FL 32408

    Luxury Townhome Just Steps from the Sugar-White Sands of the Gulf of AmericaThis stunning luxury townhome is located approximately 900 feet from the pristine shores of the Gulf of America and just a few steps from your door to the community pool. Rarely do properties become available in this small, highly desirable community, just a couple of blocks from specialty dining, dedicated beach access,

    Thom Bachelder Panhandle Real Estate

    6717 Beach Dr, Panama City, FL 32408
  • /61

    $499,999

    • 2 Beds
    • 1.5 Baths
    • 1,279 Sq Ft

    8407 Thomas Dr Unit 2, Panama City, FL 32408

    Are you looking for your own private vacation spot on the Beach? Are you no longer wanting to share your space at your home away from home? If so, check out this unit located on the beach side of Thomas Drive. That's right, beachside, so only 100 feet to the Beach with no road in between you and the sparkling teal waters of Panama City Beach. Spacious and clean, this unit is close enough to the

    Melany Hathcock CENTURY 21 Ryan Realty Inc

    8407 Thomas Dr Unit 2, Panama City, FL 32408
  • /42

    $325,000

    • 2 Beds
    • 2 Baths
    • 1,292 Sq Ft

    6215 Thomas Dr Unit 129, Panama City, FL 32408

    INVESTOR ALERT!!! This beautifully maintained townhome located in the sought-after Summerplace Townhomes community in Panama City Beach is just steps away from the Gulf. This turnkey 2-bedroom, 2-bath property offers the ideal blend of coastal living and investment opportunity with projections ranging from $50-$65K per year, this makes it the ideal investment property for buyers looking for a

    Todd Akins Team 10 Real Estate LLC

    6215 Thomas Dr Unit 129, Panama City, FL 32408
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    $359,500

    • 2 Beds
    • 1.5 Baths
    • 1,227 Sq Ft

    5306 Thomas Dr Unit 3, Panama City, FL 32408

    AS IS Property! Seller has PRICED TO SELL FAST! Located in the heart of Panama City Beach, this fully remodeled townhome offers a perfect blend of modern living and beachside convenience. With all furnishings conveying with the sale (except a few sentimental items), this property is ready to serve as your next vacation rental or primary residence. The sellers are offering the property AS IS,

    Catriese Johnson Coldwell Banker Realty

    5306 Thomas Dr Unit 3, Panama City, FL 32408
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    $359,500

    • 2 Beds
    • 1.5 Baths
    • 1,286 Sq Ft

    5306 Thomas Dr Unit 4, Panama City, FL 32408

    AS IS Property! Seller has PRICED TO SELL FAST! Located in the heart of Panama City Beach, this fully remodeled townhome offers a perfect blend of modern living and beachside convenience. With all furnishings conveying with the sale (except a few sentimental items), this property is ready to serve as your next vacation rental or primary residence. The sellers are offering the property AS IS,

    Catriese Johnson Coldwell Banker Realty

    5306 Thomas Dr Unit 4, Panama City, FL 32408
  • /39

    $347,000

    • 2 Beds
    • 2.5 Baths
    • 1,088 Sq Ft

    6708 Thomas Dr Unit D, Panama City, FL 32408

    Just 900 feet to Beach Access 12A! This charming beach-style townhome is ideally located and has not been a vacation rentala€”only occasionally used by the owner. With no HOA restrictions, the possibilities are endless - whether you're looking to use it as your primary residence, a long-term rental, or as a profitable Airbnb investment. Explore this delightful 2-story unit with an open-concept

    Jennifer Bond Compass

    6708 Thomas Dr Unit D, Panama City, FL 32408
  • /37

    $385,000

    • 2 Beds
    • 2 Baths
    • 1,450 Sq Ft

    6221 S Lagoon Dr, Panama City, FL 32408

    Admire stunning water views in this beautifully renovated, fully furnished townhouse that's move-in ready. Every detail has been carefully designed--featuring a new roof and windows (2019), rebuilt balconies (2022), and professional, stylish decor that exudes comfort and elegance. This immaculate property has not been rented, ensuring pristine condition, and is fully turn-key--ready for immediate

    Lauren Beninate Beachy Beach Real Estate

    6221 S Lagoon Dr, Panama City, FL 32408
  • /31

    $289,900

    • 2 Beds
    • 1.5 Baths
    • 1,024 Sq Ft

    6322 Pinetree Ave Unit A, Panama City, FL 32408

    PANAMA CITY BEACH ... Holiday Beach Unit 8 - Only 6 blocks to beautiful Gulf. Recently remodeled ... to like new. Located near public boat ramps on S Lagoon Dr. Near St. Andrew's Park, shopping, dining, entertainment and fishing. Kitchen has new appliances, cabinets...soft close drawers...oversized kitchen stainless sink and very nice quartz countertops. As you enter the unit there is a coat

    Barbara Stevens Premier Properties of Bay Co

    6322 Pinetree Ave Unit A, Panama City, FL 32408
  • /16

    $310,000

    • 2 Beds
    • 1.5 Baths
    • 1,088 Sq Ft

    6300 Pinetree Ave Unit B, Panama City, FL 32408

    Beautifully remodeled and fully furnished townhouse just minutes from the beach with NO HOA! Whether you're looking for a primary residence, vacation retreat, or an investment opportunity, this beachside gem has it all. Enjoy easy access to four public boat ramps along S. Lagoon Drive--perfect for boating and fishing enthusiasts. Located near St. Andrews State Park, top-rated local seafood spots,

    Maxim Sedov Keller Williams Success Realty

    6300 Pinetree Ave Unit B, Panama City, FL 32408
  • /74

    $834,000

    • 4 Beds
    • 5 Baths
    • 2,464 Sq Ft

    5908 Beach Dr, Panama City, FL 32408

    $10,000 in closing cash credits for acceptable contract offer from buyer.INVESTOR ALERT! OVER 80K LAST YEAR. OWNER IS LEAVING COUNTRY, HATES TO LET IT GO BUT NEEDS TO SELL! - Stunning 3-Story Beach Home with Pool - Gulf Views & Walk to the Sand! Spacious 4BR/5BA home just 2 blocks from the beach! Each bedroom features a private en suite bath. Open-concept living area with French doors leading to

    Danny Burnett Keller Williams Success Realty

    5908 Beach Dr, Panama City, FL 32408
  • /60

    $834,000

    • 4 Beds
    • 5 Baths
    • 2,464 Sq Ft

    5910 Beach Dr, Panama City, FL 32408

    SELLERS OFFERING $10,000 in closing costs credits with acceptable contract offer. Seller is leaving the country and hates to let it go but must sell! Updated Photos with NEW Flooring! INCOME-PRODUCING PROPERTY - Over $100,000 annual rental income average for 3 years straight! NEW HVAC put in last year. This beautiful 3-story townhouse is fully furnished and 100% turnkey--ready for your vacation

    Danny Burnett Keller Williams Success Realty

    5910 Beach Dr, Panama City, FL 32408
  • /61

    $334,000

    • 2 Beds
    • 2 Baths
    • 1,292 Sq Ft

    6215 Thomas Dr Unit 101, Panama City, FL 32408

    End-Unit Coastal Retreat at Summerplace TOWNHOMES with low HOA! - Just Steps to the Beach!Welcome to Unit 101 at Summerplace Townhomes, an exceptional and fully furnished end-unit located just a short walk from the sugar-white sands and emerald-green waters of the Gulf of Mexico. Perfectly positioned on the highly desirable south side of Thomas Drive, this beautifully maintained two-bedroom,

    Laurie Hardy Counts Real Estate Group Inc

    6215 Thomas Dr Unit 101, Panama City, FL 32408
  • /24

    $379,900

    • 2 Beds
    • 2 Baths
    • 1,360 Sq Ft

    6223 S Lagoon Dr, Panama City, FL 32408

    Beautiful Renovated Townhouse with Water Views & Modern Upgrades!-Water Views Enjoy stunning views right from your home!-Renovated 2 Bed, 2 Bath Townhouse Move-in ready with modern upgrades.-Furnishings Convey with home

    Scott Fader Joseph Walter Realty LLC

    6223 S Lagoon Dr, Panama City, FL 32408
  • /43

    $389,000

    • 3 Beds
    • 2 Baths
    • 1,260 Sq Ft

    5812 Beach Dr Unit B, Panama City, FL 32408

    Blissful Beach Bungalow offers a delightful coastal farmhouse-inspired retreat just a 3-minute walk from the beach in Panama City Beach. This two-story home accommodates families and furry friends, with a spacious backyard for pets to roam. Conveniently located near attractions like St. Andrew's State Park, Rick Seltzer Park, and Treasure Island Marina, guests can easily enjoy various activities

    Tyler Southerland Coastal Heritage Real Estate LLC

    5812 Beach Dr Unit B, Panama City, FL 32408
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    $1,200,000

    • 3 Beds
    • 3 Baths
    • 1,616 Sq Ft

    7835 Surf Dr, Panama City, FL 32408

    Gulf-front living at its finest! This delightful townhome is located in the charming and highly sought-after Surf Drive area, offering breathtaking views and direct beach access. No elevators are needed--just step right onto the sand! Plus, it comes with two parking spaces for added convenience. The main level features an open-concept living, dining, and kitchen area with large windows and

    Kelli Sullivan Beachy Beach Real Estate

    7835 Surf Dr, Panama City, FL 32408
  • /7

    $970,000

    • 2 Beds
    • 2.5 Baths
    • 1,275 Sq Ft

    8217 Surf Dr Unit A, Panama City, FL 32408

    Owner Financing Available! **Professional pictures coming soon** Nestled along the tranquil sugar sand beach of Panama City Beach, Florida, emerges our newly renovated ''Emerald Surf'' townhouse. This charming 2-bedroom, 2.5-bathroom abode is the epitome of seaside living, promising a cozy retreat amidst the beauty of the emerald coast. The property beckons with a very large back deck offering

    Matthew Thomas Beach Time Realty, Inc

    8217 Surf Dr Unit A, Panama City, FL 32408
  • /31

    $330,000

    • 2 Beds
    • 2 Baths
    • 1,292 Sq Ft

    6215 Thomas Dr Unit 135, Panama City, FL 32408

    Welcome to Summerplace townhomes, specifically unit 135, the most desriable unit in the complex. Imagine your very own end unit with patio doors that open directly to the pool. This 2 bedroom 2 bath townhome is the perfect property for your primary residence, vacation home or short term rental. Both bedrooms are on the second floor and share a jack and jill bath AND have loads of closet

    Jeff Payne Keller Williams Success Realty

    6215 Thomas Dr Unit 135, Panama City, FL 32408
  • /45

    $749,000

    • 3 Beds
    • 3 Baths
    • 2,246 Sq Ft

    4127 Cobia St, Panama City, FL 32408

    LOOK! NO HOA! Just Reduced $16K! This has one of the LOWEST PRICE per sq ft this close to the beach! This is a MUST SEE! Do not pass this one by! Large townhome only steps to the beach! Townhome has 3 bedrooms and 3 bathrooms. Tall ceilings and crown molding throughout as well as wide baseboards. Master can be upstairs, or downstairs take your pick. This townhouse has beautiful new LVP

    Jeff Minor Realty One of Northwest Florida LLC

    4127 Cobia St, Panama City, FL 32408
  • /83

    $749,000

    • 3 Beds
    • 3 Baths
    • 2,246 Sq Ft

    4129 Cobia St, Panama City, FL 32408

    100 STEPS TO THE BEACH!! PRICED TO MOVE!! NO HOA! This is LOWEST or one of the LOWEST PRICED per square ft home located next to the Gulf of America with this amount of real estate. HUGE backyard. Plus the whole side facing Surf Dr belongs to this unit. LOTS of room to add more even parking, a sundeck facing the beach and pool. This place is a walk in and do nothing dream. It has been taken down

    Jeff Minor Realty One of Northwest Florida LLC

    4129 Cobia St, Panama City, FL 32408
  • /52

    $345,000

    • 2 Beds
    • 2 Baths
    • 1,292 Sq Ft

    6215 Thomas Dr Unit P131, Panama City, FL 32408

    HUGE Price Reduction! Summer Place Townhomes, South of Thomas Drive, on the Gulf side! Often noted as the best part of the beach, quiet, sidewalks, less people, less noise, more sand, sun and relaxing! Featuring 2 bedrooms and 2.5 bathrooms, sleeps 6-10 people with a private balcony and covered porch and ample storage. Kitchen has been updated and overlooks dining and family room. Sit outside on

    Team Don and Bubba EXP Realty LLC

    6215 Thomas Dr Unit P131, Panama City, FL 32408
  • /51

    $399,000

    • 2 Beds
    • 1.5 Baths
    • 1,140 Sq Ft

    8422 Thomas Dr Unit C, Panama City, FL 32408

    Welcome to your slice of paradise at 8422 Thomas Drive! This perfect beach rental offers an unparalleled coastal lifestyle, which is on the East end of Panama City Beach in the Bel Air Community. Steps away from the Gulf of Mexico, sugar white sands and emerald green water. 2 bedrooms, 1.5 bathrooms, and fully furnished for your convenience, this charming retreat is an ideal investment

    Team Don and Bubba EXP Realty LLC

    8422 Thomas Dr Unit C, Panama City, FL 32408
  • /18

    $324,000

    • 2 Beds
    • 2 Baths
    • 1,020 Sq Ft

    240 Bonita Cir, Panama City, FL 32408

    Welcome to 240 Bonita Circle, a beautifully updated 2-bedroom, 2-bath townhome located in the desirable, gated waterfront community of Bonita Point in Panama City Beach. Whether you're searching for a primary residence, a vacation retreat, or a short-term rental investment, this property delivers on comfort, convenience, and coastal charm.This end-unit home features an open and airy layout with a

    Savannah Mettille Empire Real Estate of Florida LLC

    240 Bonita Cir, Panama City, FL 32408
  • /30

    $265,000

    • 2 Beds
    • 1.5 Baths
    • 1,020 Sq Ft

    230 Bonita Cir, Panama City, FL 32408

    EXCELLENT location in the middle of everything in Panama City Beach. Walking distance to sugar white sand, community pool just steps away from unit, GATED community, canal view and attached garage. STR allowed. Community Marina with future possibility of slip rental.

    Katy Pinson Beach Babes Realty LLC

    230 Bonita Cir, Panama City, FL 32408

Why Live in Lower Grand Lagoon

Lower Grand Lagoon is a beach town known for its relaxed pace and easy access to the shore. Residents can walk to the beach in about eight to ten minutes, enjoying less tourist activity compared to nearby Panama City Beach. The neighborhood is surrounded by water, with public beach access points facing the Gulf of Mexico to the south and waterfront homes with docks along the Grand Lagoon to the north. St. Andrews State Park, located at the end of Lower Grand Lagoon, is a popular destination for camping, hiking, bird watching, snorkeling, and surfing. The area features a mix of condos and single-family homes, ranging from one-bedroom units in high-rise buildings to large detached homes with six or seven bedrooms. Lower Grand Lagoon offers a quieter alternative for visitors and part-time residents, with easier navigation due to fewer traffic lanes on Thomas Drive. The neighborhood hosts events like the Lobster Festival at Schooners and the Annual Grand Lagoon Bloody Mary & Music Festival. Dining options include Schooners, known for its grouper and live music, and Patches Pub, famous for its Reuben sandwiches. Students in Lower Grand Lagoon attend schools in the Bay District school system, including highly rated Patronis Elementary and J.R. Arnold High. The area has a lower crime risk compared to the national average, making it a safer place to live.

Home Trends in Lower Grand Lagoon, FL

Housing Trends

Median Sale Price
$473,750
Median Single Family Sale Price
$520,000
Median Townhouse Sale Price
$439,000
Median 2 Bedroom Sale Price
$469,500
Median 1 Bedroom Sale Price
$296,000
Average Price Per Sq Ft
$436
Number of Homes for Sale
153
Last 12 months Home Sales
166
Months of Supply
11.10
Median List Price
$499,950
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-5%
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