$3,515,000
Panama City Beach, FL 32413
MLS# 995030
Status: Sold
1 / 47
Property Description
Rare multi-family opportunity situated in the heart of Laguna Beach steps from the sugar white sands of the emerald coast. 100% leased, the Sandman Community showcases 21 units: 16 - 2 Bedroom Apartments | 3 - 1 Bedroom Apartments | 1 - 2 Bedroom Residence | 1 - 1 Bedroom Studio. Additional structures included are a community pool, pavilion, laundry facility and overflow parking. Many of the units have recently been remodeled to bring a modern touch to this classic development. Offering over $428K in annually income, Sandman is a sound investment boasting instant cash flow with long term re-development prospects. Opportunities of this nature are rare along the Gulf of Mexico. Do not miss the chance to add this Panama City Beach multi-family complex to your investment portfolio.
Details
Contract Info
GCCMLS Number: 30841793
Listing Board: Emerald Coast
List Date: 2026-02-10
List Price: $3,515,000
Location, Tax and Legal
Sub Area: 2724 - Beach - West Central
Legal Description: LAGUNA BEACH LOTS 21 THRU 26 BLK 8 ORB 4505 P 2249
General Property Info
Listed on GCCMLS: No
Vacant: No
Immediate Occupancy: No
Acreage: 1.03
Listing Info, Tax & Legal
As Is: No
Remarks & Misc
Remarks: Rare multi-family opportunity situated in the heart of Laguna Beach steps from the sugar white sands of the emerald coast. 100% leased, the Sandman Community showcases 21 units: 16 - 2 Bedroom Apartments | 3 - 1 Bedroom Apartments | 1 - 2 Bedroom Residence | 1 - 1 Bedroom Studio.
Additional structures included are a community pool, pavilion, laundry facility and overflow parking. Many of the units have recently been remodeled to bring a modern touch to this classic development.
Offering over $428K in annually income, Sandman is a sound investment boasting instant cash flow with long term re-development prospects. Opportunities of this nature are rare along the Gulf of Mexico. Do not miss the chance to add this Panama City Beach multi-family complex to your investment portfolio.
Class
Multi-Family: 1
Multi-Family
# of Units: 21
None
Current Price: $3,515,000
Status Change Info
Status: Sold
Under Contract Date: 2026-02-11
Sold Date: 2026-02-11
Sold Price: $3,515,000
Location Tax and Legal
Area: 27 - Bay County
Street #: 108
Street Name: Casa
Street Suffix: Place
State: FL
Zip Code: 32413
County: Bay
Parcel ID: 37439-000-000
Property Features
Class: Multi-Family
Listing Office: Christies International Real Estate Emerald Coast
Last Updated: February - 11 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
