Waterfront townhome opportunity in Panama City Beach with direct lagoon views, an assigned boat slip, and deep-water access to the Gulf in less than 10 minutes. This spacious 2-bedroom, 2.5-bath residence offers approximately 1,665 square feet and a functional layout with strong potential for renovation and personalization. The main living area opens toward the waterfront, while the enclosed sunroom provides additional space to enjoy the lagoon views. The kitchen, bathrooms, flooring, and finishes are ready for updating, allowing the next owner to create a custom waterfront retreat. The community also offers a swimming pool. The approximately $300 monthly HOA fee provides substantial value and includes the boat slip assigned with the unit, roof coverage, exterior insurance, garbage service, and cable. The community roofs were replaced following Hurricane Michael, providing an important major-component update. Located along North Lagoon Drive, the property offers convenient access to boating, beaches, dining, shopping, and everything Panama City Beach has to offer. With generous square footage, direct water views, an included boat slip, and quick Gulf access, this property presents an appealing opportunity for a primary residence, second home, long-term rental, or value-add renovation.