Homes for sale under $400k in Lower Grand Lagoon, FL

73 homes

Sort:

Price (high to low)

ABOUT THIS HOME
Homes for sale under $400k in Lower Grand Lagoon, FL
This unit is HUGE lots larger than most townhomes by 200 sqft or more. 1380sqft and an end unit makes it more desirable. Fully Renovated, NO HOA on the East End of Panama City Beach! Near all water sports and local restaurants this would be a producing STR as its building a great portfolio since being active since June 23 2025 Welcome to your turnkey coastal retreat, perfectly situated on the sought-after east end of PCB, on Thomas Drive! This stunning townhome has been completely transformed with a designer's touch, offering the ideal blend of style, comfort, and low-maintenance living. Walking distance to coffee shop, shopping and more. Step inside to discover brand-new flooring, char

$400,000

2 beds2.5 baths1,380 sq ft

6304 Thomas Dr Unit U7, Panama City, FL 32408

Paver patios • Shiplap ceilings • No hoa

ABOUT THIS HOME
Homes for sale under $400k in Lower Grand Lagoon, FL
Cutest renovated beach oasis or money maker! 3 bedroom/2 bath with a one car garage located on a corner LOT. Furnished. Fresh paint inside and out. Additional storage building/shop. Metal roof. Two Blocks to the sand. Walk to dining and entertainment. Space for a boat, RV or POOL, near 3 Public Boat launches. May be able to build on side LOT. Buyer to confirm any measurements if important. ..

$399,900

3 beds2 baths1,075 sq ft

7008 Sunset Ave, Panama City, FL 32408

Metal roof • Corner lot • Space for a boat

ABOUT THIS HOME
Homes for sale under $400k in Lower Grand Lagoon, FL
Enjoy spectacular panoramic gulf views from this stunning Commodore condo from the living room, kitchen and bedroom. This rental powerhouse is fully furnished with an expansive and beautifully decorated balcony outside that is accessible from the living room and primary bedroom through new sliding doors with high impact glass that are quiet, low maintenance, and energy efficient. This gated waterfront condominium on the east end of the beach is within walking distance to St. Andrews State Park with a beautiful pool and hot tub facing the Gulf and a private boardwalk to the beach. Take advantage of the great rental income or use it as a second home or permanent residence. After seeing the su

$399,000

1 bed2 baths750 sq ft

4715 Thomas Dr Unit 302B, Panama City, FL 32408

Large balcony • 24 hour security • Spectacular views

ABOUT THIS HOME
Homes for sale under $400k in Lower Grand Lagoon, FL
Photos to come. Experience this one-of-a-kind 2 bedroom, 2 bathroom condo with a bonus room at Summerhouse! Located on the sought-after first floor, this unit has a great pool and Gulf view, perfect for relaxing and taking in the breathtaking scenery. The unit comes fully furnished and ready for you to enjoy. The bonus room is perfect for extra guests or a home office, and the wet bar/coffee bar is ideal for entertaining or simply enjoying a morning coffee. Summerhouse offers an array of amazing amenities, including 2 pools (one heated seasonally), a hot tub, kiddie pool, shuffleboard, tennis courts, and video games and pool tables in the newly renovated common area. You can also enjoy gril

$399,000

2 beds2 baths1,075 sq ft

6505 Thomas Dr Unit 103A, Panama City Beach, FL 32408

Hot tub • Bonus room • 2 pools

ABOUT THIS HOME
Homes for sale under $400k in Lower Grand Lagoon, FL
Check out this stunning Venture Out home. Recently updated with from top to bottom with new floors, doors, trims, cabinets, countertops, hardie siding, beautiful pavers and much more. This home has a great open floor plan and will be sold furnished. You will love the large, covered porch that makes a wonderful place to relax after a long day at the beach. Venture Out offers BOTH beach and bay access. .. The resort has 2 pools, tennis, golf, shuffleboard, playground, basketball, fishing pier, boat dock with slips & boat ramp. Venture Out is a golf cart community that has exploded in popularity within the last few years. A gated, pet friendly community that's great for full time residen

$399,000

1 bed1 bath396 sq ft

575 Grouper Ave, Panama City, FL 32408

Built 1985 • Listed 740 days

Property at 5115 Gulf Dr Unit 1102, Panama City, FL 32408, 1 bed, 2 baths

$399,000

1 bed2 baths883 sq ft

5115 Gulf Dr Unit 1102, Panama City, FL 32408

Property at 323 Lagoon Ln, Panama City, FL 32408, 2 beds, 2 baths

$395,000

2 beds2 baths756 sq ft

323 Lagoon Ln, Panama City, FL 32408

Property at 5115 Gulf Dr #2002, Panama City, FL 32408, 1 bed, 2 baths

$395,000

1 bed2 baths883 sq ft

5115 Gulf Dr #2002, Panama City, FL 32408

Property at 7404 Sunset Ave, Panama City, FL 32408, 3 beds, 3 baths

$389,000

3 beds3 baths1,475 sq ft

7404 Sunset Ave, Panama City, FL 32408

Property at 6211 Sunset Ave Unit A&B, Panama City, FL 32408, 4 beds, 2 baths

$389,000

4 beds2 baths1,344 sq ft

6211 Sunset Ave Unit A&B, Panama City, FL 32408

Property at 5115 Gulf Dr #104, Panama City, FL 32408, 1 bed, 2 baths

$389,000

1 bed2 baths883 sq ft

5115 Gulf Dr #104, Panama City, FL 32408

Property at 689 Seashell Dr, Panama City, FL 32408, 2 beds, 2 baths

$388,900

2 beds2 baths1,056 sq ft

689 Seashell Dr, Panama City, FL 32408

Property at 216 Squid Ln, Panama City, FL 32408, 2 beds, 2 baths

$385,000

2 beds2 baths792 sq ft

216 Squid Ln, Panama City, FL 32408

Property at 209 Squid Ln, Panama City, FL 32408, 3 beds, 2 baths

$384,000

3 beds2 baths840 sq ft

209 Squid Ln, Panama City, FL 32408

Property at 5801 Thomas 905 Dr #905, Panama City, FL 32408, 1 bed, 2 baths

$380,000

1 bed2 baths916 sq ft

5801 Thomas 905 Dr #905, Panama City, FL 32408

Property at 455 N Marlin Dr, Panama City, FL 32408, 2 beds, 2 baths

$375,000

2 beds2 baths824 sq ft

455 N Marlin Dr, Panama City, FL 32408

Property at 6215 Thomas Dr Unit 101, Panama City, FL 32408, 2 beds, 2 baths

$374,900

2 beds2 baths1,292 sq ft

6215 Thomas Dr Unit 101, Panama City, FL 32408

Property at 5800 Pinetree Ave, Panama City, FL 32408, 3 beds, 2 baths

$372,000

3 beds2 baths1,825 sq ft

5800 Pinetree Ave, Panama City, FL 32408

Property at 6505 Thomas #1005, Panama City, FL 32408, 2 beds, 2 baths

$369,000

2 beds2 baths1,075 sq ft

6505 Thomas #1005, Panama City, FL 32408

Property at 4120 Nova St Unit D, Panama City, FL 32408, 2 beds, 1 bath

$364,900

2 beds1 bath860 sq ft

4120 Nova St Unit D, Panama City, FL 32408

Property at 5720 Beach Dr, Panama City, FL 32408, 2 beds, 2.5 baths

$360,000

2 beds2.5 baths1,158 sq ft

5720 Beach Dr, Panama City, FL 32408

Property at 3809 Mystic St, Panama City, FL 32408, 2 beds, 2 baths

$360,000

2 beds2 baths1,030 sq ft

3809 Mystic St, Panama City, FL 32408

Property at 6505 Thomas Dr #905, Panama City, FL 32408, 2 beds, 2 baths

$359,000

2 beds2 baths1,075 sq ft

6505 Thomas Dr #905, Panama City, FL 32408

Property at Undisclosed address, Panama City, FL 32408, 1 bed, 1 bath

$350,000

1 bed1 bath918 sq ft

Undisclosed address, Panama City, FL 32408

Property at 6213 Thomas Dr #507, Panama City, FL 32408, 1 bed, 2 baths

$350,000

1 bed2 baths893 sq ft

6213 Thomas Dr #507, Panama City, FL 32408

Property at 6213 Thomas Dr #405, Panama City, FL 32408, 1 bed, 2 baths

$349,900

1 bed2 baths893 sq ft

6213 Thomas Dr #405, Panama City, FL 32408

Property at 6505 Thomas Dr #904, Panama City, FL 32408, 2 beds, 2 baths

$349,000

2 beds2 baths1,075 sq ft

6505 Thomas Dr #904, Panama City, FL 32408

Property at 204 Bonita Cir Unit F, Panama City, FL 32408, 2 beds, 2 baths

$345,000

2 beds2 baths1,200 sq ft

204 Bonita Cir Unit F, Panama City, FL 32408

Property at 5500 Sunset Ave Unit A, Panama City, FL 32408, 2 beds, 2 baths

$345,000

2 beds2 baths1,028 sq ft

5500 Sunset Ave Unit A, Panama City, FL 32408

Property at 8730 Thomas Dr Unit 313, Panama City, FL 32408, 2 beds, 2 baths

$345,000

2 beds2 baths1,062 sq ft

8730 Thomas Dr Unit 313, Panama City, FL 32408

Property at 6213 Thomas Dr #505, Panama City, FL 32408, 1 bed, 2 baths

$340,000

1 bed2 baths893 sq ft

6213 Thomas Dr #505, Panama City, FL 32408

Property at 8730 S Thomas Dr Unit 213, Panama City, FL 32408, 3 beds, 2 baths

$338,000

3 beds2 baths1,062 sq ft

8730 S Thomas Dr Unit 213, Panama City, FL 32408

Property at 5717 Thomas Unit C146, Panama City, FL 32408, 1 bed, 1.5 baths

$330,000

1 bed1.5 baths682 sq ft

5717 Thomas Unit C146, Panama City, FL 32408

Property at 5717 Thomas Dr Unit C126, Panama City, FL 32408, 1 bed, 2 baths

$329,900

1 bed2 baths680 sq ft

5717 Thomas Dr Unit C126, Panama City, FL 32408

Property at 6213 Thomas Dr #508, Panama City, FL 32408, 1 bed, 2 baths

$325,000

1 bed2 baths893 sq ft

6213 Thomas Dr #508, Panama City, FL 32408

Property at 3733 Benbow St, Panama City, FL 32408, 2 beds, 1 bath

$323,900

2 beds1 bath986 sq ft

3733 Benbow St, Panama City, FL 32408

Property at 6223 S Lagoon Dr, Panama City, FL 32408, 2 beds, 2 baths

$319,900

2 beds2 baths1,450 sq ft

6223 S Lagoon Dr, Panama City, FL 32408

Property at 468 N Marlin Dr, Panama City, FL 32408, 2 beds, 1 bath

$299,000

2 beds1 bath566 sq ft

468 N Marlin Dr, Panama City, FL 32408

Property at 5504 E Hilltop Ave Unit E, Panama City Beach, FL 32408, 2 beds, 2 baths

$294,900

2 beds2 baths1,264 sq ft

5504 E Hilltop Ave Unit E, Panama City Beach, FL 32408

Property at 6829 Thomas Dr #408, Panama City Beach, FL 32408, 1 bed, 1 bath

$290,000

1 bed1 bath565 sq ft

6829 Thomas Dr #408, Panama City Beach, FL 32408

Property at 8730 Thomas Dr #113, Panama City, FL 32408, 2 beds, 2 baths

$290,000

2 beds2 baths1,062 sq ft

8730 Thomas Dr #113, Panama City, FL 32408

Viewing page 1 of 2

Homes for sale under $400k in Lower Grand Lagoon

There are currently 73 homes for sale under $400k in Lower Grand Lagoon. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Lower Grand Lagoon stay on the market for 156 days and receive 2 offers. Popular neighborhoods include Treasure Cove, Crescent Beach, Palm Bay, Treasure Island, and Bay Point. This map is refreshed with the newest listings in Lower Grand Lagoon every 15 minutes.

In the past month, 32 homes have been sold in Lower Grand Lagoon. In addition to houses in Lower Grand Lagoon, there were also 138 condos, 18 townhouses, and 18 multi-family units for sale in Lower Grand Lagoon last month. Find your dream home in Lower Grand Lagoon using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Lower Grand Lagoon are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Lower Grand Lagoon. Our Lower Grand Lagoon real estate stats and trends will give you more information about home buying and selling trends in Lower Grand Lagoon. If you're looking to sell your home in the Lower Grand Lagoon area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Lower Grand Lagoon with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

More real estate resources for Lower Grand Lagoon, FL

Neighborhoods

Nearby Cities

Zip Codes

More to explore in Lower Grand Lagoon, FL

Featured
Price

How to buy a house in Lower Grand Lagoon, FL

How much house can I afford?

How to buy a house in 10 steps

First-time homebuyer's guide

See more home buying guides

Popular Markets in Florida

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.