Grand Lagoon waterfront living with Gulf access! Located at 7202 S. Lagoon Drive in Panama City Beach, this 3-bedroom, 4-bath home offers approximately 2,362 square feet and a setting made for enjoying life on the water. The home features a fully equipped kitchen, spacious living areas, and a primary bedroom with an en suite bath and walk-in closet. An upper balcony and lower covered deck overlook the lagoon, providing plenty of space to relax, entertain, or simply enjoy the waterfront setting. The home has also been freshly painted throughout, with new carpet installed in the carpeted areas, giving the interior a fresh, move-in-ready feel for its new owner. Boaters will appreciate the location on Grand Lagoon with direct access toward St. Andrews Bay and the Gulf. The property also includes a double attached garage, ample driveway parking, and a lot extending approximately 130 feet from S. Lagoon Drive toward the water. The existing home and dock configuration are also reflected on the property survey. Adding further perspective to this Grand Lagoon location, the vacant waterfront lot next door sold for $699,000 in April 2026. That neighboring sale provides an interesting point of reference for the value placed on waterfront land along this stretch of S. Lagoon Drive. The location adds another dimension to the property. Grand Lagoon is known as Panama City Beach's ''Gateway to the Gulf,'' with boating, fishing, sightseeing cruises, paddleboarding and other water activities close at hand. Visit Panama City Beach Nearby St. Andrews State Park offers Gulf beaches, swimming, snorkeling, fishing, paddling and access to Shell Island. Visit Panama City Beach The Thomas Drive/Grand Lagoon area also puts local favorites such as Capt. Anderson's | Restaurant & Waterfront Market and The Grand Marlin nearby, along with marinas, charter fishing, dolphin cruises and other waterfront activities. Whether you're looking for a primary residence, beach getaway, or a home base for boating and fishing, 7202 S. Lagoon Drive combines waterfront living with convenient access to many of the experiences that make Panama City Beach special. Thank you for considering this home!