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$750,000

Beds
3
Baths
2.5
sq ft
2,202

5833 N Lagoon Dr Unit A, Panama City, FL 32408

5833 N Lagoon Dr Unit A

Panama City Beach, FL 32408

  • 1 day on market
Great opportunity to own a waterfront home on North Lagoon in Panama City Beach, FL! Priced well below similar properties in the area. 2300 sq ft (3 BRs, 2 full baths, 2 half baths). Bring your boat, jet ski and water toys, and enjoy life on the Lagoon! You can be in the Gulf of Mexico fishing in minutes or fish right off the dock. Catch blue crabs, catfish, red fish and baitfish off the dock. Comes with a boat slip and 10k lb boat lift, with water and electricity on the dock. New dock in 2023 (all boards replaced). New shingle roof and siding in 2019. New boat Lift motors in 2021. New bathroom upstairs, new toilets, new oversize washer and dryer in 2022 (conveys with home). New floor and inside paint in 2023. Open floor plan on main level allows you views of the water, and your master bedroom allows you to wake up and view the water from your bed! Has 2 balconies and a patio to take advantage of the outdoors and sip a beverage, dine al fresco, read, or watch the dolphins and boats go by. Seawall reinforced in 2024. Hurricane shutters on sliding glass doors. Full time or part time living! Central Vac system. Rentals allowed. HOA is $500 quarterly and in good standing. Covers all lawn and yard care, dock water and electricity, and great cable package.

Details

Property type

Est. home value

$622,831

Lot size

2,614 sq ft

Price per sq ft

$341

Year built

1997

Annual property taxes

$4,846

Monthly HOA fee

$166.67

Price History

02/20/2025
CentralPanhandle

CentralPanhandle #769107

Listed
$750,000
+138.1%
12/27/2017
CentralPanhandle

CentralPanhandle #664478

Sold
$315,000

Schools & Community

Neighborhood: 

Upper Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$544,698
Asking price
$750,000
Closing costs (~8% of asking)
-$60,000
Est. remaining loan balance
-$145,302
Cash to seller
$544,698

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Trustmark National Bank

Loan start date

January 2021

Original loan amount

$159,900

Est. remaining balance

$145,302

Interest rate

2.71%

Loan type

VA, 30 year

Seller

William L Sisson Jr and Liane Sisson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/21/2025 at 1:50 PM

Listing updated: 02/21/2025 at 10:10 AM

Listed by: Steven Koleno, Beycome of Florida LLC Phone #: (804) 656-5007

MLS: CentralPanhandle #769107

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