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224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
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224 E Lakeshore Drive
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224 E Lakeshore Drive
224 E Lakeshore Drive
224 E Lakeshore Drive
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For Sale

224 E Lakeshore Drive

224 E Lakeshore Drive, Panama City Beach, FL 32413

$1,200,000
$1,200,000

224 E Lakeshore Drive

3 Beds 3 Baths 2,344 Sq.Ft. 0.41 Acres

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Description

Prime development opportunity in the heart of Laguna Beach! Located just ~390 yards from the Gulf and near the area's highly sought-after ''Reserved Beach'', 224 E Lakeshore Drive offers exceptional upside for builders, developers, and long-term investors.

This .407-acre parcel is zoned Bay County R-2 (Urban), allowing for duplexes, townhomes, and multiple dwelling units, making it ideal for redevelopment. The true value lies in the development flexibility--the property may be subdivided into multiple lots (up to approximately 4, subject to county approval) or developed as a multi-unit project, including duplexes or townhomes.

The R-2 zoning supports a variety of configurations, including:

Duplex or townhome development

Potential lot splits for multiple single-family or attached residences

Higher-density residential build-out consistent with surrounding newer construction

City utilities are available, and the site is surrounded by newer homes and townhome projects, reinforcing both market viability and resale potential. Whether your strategy is to split lots, build duplexes, or develop townhomes, this property presents a rare opportunity west of Front Beach Road in an area with limited remaining undeveloped land.

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Location

224 E Lakeshore Drive, Panama City Beach, FL 32413

Status

For Sale

Features & Amenities

Interior

  • total bedrooms3
  • Total bathrooms3
  • full bathrooms2
  • half bathroom1
  • Flooring Luxury Vinyl Plank
  • APPLIANCES Electric Range

Area & Lot

  • Status For Sale
  • Living Area2,344 Sq.Ft.
  • Total Area2,344 Sq.Ft.
  • Lot Area0.41 Acres
  • MLS® ID783112
  • TypeResidential
  • YEAR BUILT1990
  • NeighborhoodPanama City Beach
  • Architecture StylesCoastal
  • Elementary SchoolWest Bay
  • Middle SchoolSurfside
  • High SchoolArnold

Exterior

  • Garage Space3.0
  • utilitiesElectricity Available, Sewer Available
  • roofShake
  • HEAT TYPEElectric
  • AIR CONDITIONINGCentral Air, Ceiling Fan(s)
  • SubstructureSlab
  • other exterior FeaturesPatio

Financial

  • Sales Price$1,200,000
  • Real Estate Tax $1,729/yr
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 224 E Lakeshore Drive, Panama City Beach, FL 32413. We are reviewing your request and will be in touch shortly!
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Contact Details

Think Real Estate

Phone

(850) 270-4200

Email

[email protected]

Address

2810 Martin Luther King Jr Blvd Suite C Panama City FL 32405

Submit a Message

By providing your contact information to Think Real Estate, your personal information will be processed in accordance with Think Real Estate's Privacy Policy. By checking the box(es) below, you consent to receive communications regarding your real estate inquiries and related marketing and promotional updates in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. You may opt out of receiving further communications from Think Real Estate at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe.

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