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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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8908 N Lagoon Dr , Panama City, FL 32408
$499,900
Est. Payment: $2,761.88/mo
3 Bed
2 Bath
1500 Sqft
0.75 Acres
Status: Active Under Contract | Days on site: 48
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BSGC - B8910,TESZG
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Harrison Lilly Team
Owner/Operator

House 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.

Highlights

Listed by Steve Mullen , 850-814-1969 Counts Real Estate Group Inc , 850-249-3615. Bay County Association of REALTORS

Property Type

Residential

Lot/Acreage
0.75

Year Built

1977

County

Bay

Area

03 - Bay County - Beach

Neighborhood

[No Recorded Subdiv]

Listing ID

794271

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2

Exterior Features

Lot Dimensions:90.0 ft x 200.0 ft plus 100 ft x 149 ft
Zoning:Resid Single Family
Roof:Asphalt
Principal Interest
$2,762
Taxes
$277

Home Price

$499,900

Loan Details

30 yrs
7.374%

Down Payment

20%
$99,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,761.88

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,761.88 $277.33 $0.00 $3,039.20
Yearly $33,142.51 $3,327.90 $0.00 $36,470.41
Total $994,275.18 $99,837.00 $0.00 $1,094,112.18

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T08:26:25.000Z

© 2026 Bay County Association of REALTORS