No-HOA Coastal Townhome on North Lagoon Dr. Steps to the Beach + Proven ROI This charming 2-bedroom, 2-bath coastal townhome sits in one of the most desirable pockets of Panama City Beach-less than half a mile to the sand and free from the restrictions and fees of an HOA. Whether you're looking for a personal getaway, a second home, or an income-producing property, this one delivers on all fronts. With extra sleeping space and an ideal layout for vacationers, this townhome has already proven itself as a strong performer, grossing just over $27K in 2025 with more potential to unlock. Highlights: - No HOA: Flexibility, freedom, and lower overhead. - Prime Location: Quick beach access, close to top dining, boating, and entertainment along North Lagoon. - 2 Bedrooms + Extra Sleeping Area: Comfortably hosts families or groups. - 2 Full Baths: Convenience for guests and personal use. - Turnkey Investment: A cozy, coastal escape that's already generating impressive ROI. - Perfect for a Second Home: Use it when you want-earn income when you're away. A rare, no-HOA opportunity this close to the beach doesn't come around often. Your coastal investment-and personal retreat-awaits.
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 15' x 12'
- Bedroom 1 Dimensions: 11' x 10'
Other Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Appliances
- ElectricRange
- ElectricWaterHeater
Manufactured and Mobile Info
Land Info
- Lot Size Dimensions: 30x130
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- Elementary School: Breakfast Point
- High School: Arnold
- Middle School: Breakfast Point
Rental Info
- Units Furnished: AllUnits
Amenities and Community Features
- Community Features: ShortTermRentalAllowed
Other Property Info
- Annual Tax Amount: 2760
- Source Listing Status: Active
- County: Bay
- Directions: from Joan Ave head east on N Lagoon on left just after Laurie about 6 homes will be a row of townhomes
- Tax Year: 2024
- Restrictions: ShortTermRentalsAllowed
- Source Property Type: Residential
- Area: 03 - Bay County - Beach
- List Development Name: Grand Lagoon Shores
- Property Subtype: townhouse
- MLS Area Minor: 0319 - Beach - East
- Source Neighborhood: Grand Lagoon Shores 1
- Parcel Number: 30188-269-000
- Postal City: Panama City
- State Region: FL
- Subdivision: Grand Lagoon Shores 1
- Property Subtype: Attached
Building and Construction
- Year Built: 1984
- Building Area Total: 1542
- Living Area Source: Appraiser
- Property Age: 41
- Structure Type: Townhouse
Utilities