Grand Lagoon Shores11
Homes for Sale in Panama City, FL
All 257 homes for sale in Panama City, FL · median $349,000 · 286 homes for sale in 32408 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Grand Lagoon Shores11 in Panama City, FL has 1 home for sale. Over the 12 months ending 2026-09-20, 4 recorded sales closed at a median of $510,000, a median 50 days on market, sellers accepting 96% of original asking. At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $6,260 ($5,780 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32408 |
|---|---|
| Sale prices, last 12 months | $510,000 median across 4 closed sales |
| Days on market (closed sales) | 50 median |
| For sale right now | 1 active, 0 pending · median asking $450,000 |
Data as of September 20, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Market figures describe homes, not residents. Cite as: Momentum Realty, “Grand Lagoon Shores11 key facts,” movewithmomentum.com/neighborhoods/grand-lagoon-shores11, data as of September 20, 2026.
Grand Lagoon Shores in Panama City is an established resale market — the median build year sits at 1990, with the range stretching from 1985 up through 2023, so buyers are looking at a mix of original construction and later infill or rebuilds on the same footprint. What sets value here is largely the individual home: age, updates, and lot condition carry more weight than any shared amenity package, since none is identified in current MLS listings for this community.
With roughly 100 homes in the dataset and a homestead share of just over 80%, this reads as a community where most owners have filed for homestead exemption rather than holding units as short-term rentals or pure investment stock. That points to a steadier, less transactional resale pattern. For sellers, that means pricing and presentation need to stand on the home's own condition and size — the median living area runs close to 2,494 square feet, which is a meaningful footprint to market on its own merits.
The 60-Second Overview
Grand Lagoon Shores11 market snapshot (as of September 20, 2026): the median sale price is about $510K, and a median 51 days on market for closed sales.
In ZIP 32408 (Panama City), 1,792 homes closed in the last 12 months at a median of $400K, down 0.6% year over year, with a median 75 days on market. Right now 1,195 active and 202 pending listings — a buyer's market. See the live ZIP 32408 housing market and the Bay County market.
Grand Lagoon Shores is a Panama City neighborhood in Bay County built out mostly in the early 1990s, with construction continuing in pockets as recently as 2023, and no HOA-style amenity package showing up in current listings.
Who Grand Lagoon Shores11 is best for.
Best for
- Buyers seeking a larger single-family home footprint and planning to homestead long-term
- Buyers comfortable evaluating each property individually given the wide range of build years
- Buyers who don't need a shared amenity package as part of the purchase decision
Probably not for
- Buyers specifically seeking new-construction consistency across an entire community
- Buyers who want HOA-run amenities like pools or clubhouses included
- Buyers looking for a fast-turn investment or short-term rental play, given the high owner-occupancy pattern
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($510K) IS the median in the snapshot above.
Windows contain 0 to 5 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Bay County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Bay County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
11% of homes for sale in ZIP 32408 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-01).
Grand Lagoon Shores11 Market Scorecard
Grand Lagoon Shores11 is currently a balanced market., a median asking price of $450,000, and homes go under contract in about 214 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: CPAR MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Grand Lagoon Shores11, Panama City
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Grand Lagoon Shores11
Live MLS inventory for Grand Lagoon Shores11. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Grand Lagoon Shores11 listings as of 2026-10-01, priced high to low. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in Grand Lagoon Shores11 Right Now (1)
All 1 active and pending Grand Lagoon Shores11 listings with a detail page, newest first, refreshed twice a day from the MLS.
- 209 Boca Shores Drive, Panama City Beach, Fl 32408 · $399,000 · 4 bd / 3 ba · listed Jul 2, 2026 · listed by Top Producers Real Estate Group
The Grand Lagoon Shores11 buying strategy.
If we were buying in Grand Lagoon Shores11 today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Grand Lagoon Shores11.
A home-by-home market, not an amenity market
The build timeline here spans nearly four decades — 1985 to 2023 — which means two houses on the same street can present very differently even if they're the same size. With a median year built of 1990, the bulk of the inventory is mature enough that mechanical systems, roofs, and finishes become the real due-diligence items, not just curb appeal. Buyers should expect to evaluate each property on its own condition rather than assuming a uniform build standard across the community.
The median living space of roughly 2,494 square feet suggests this isn't a starter-lot community — it skews toward larger single-family footprints. Combined with a homestead share above 80%, the data points to a market driven by owner-occupants making long-term decisions rather than a fast-churn investor pool. That tends to mean fewer distressed or flip-driven listings, and more negotiation grounded in actual home condition and updates.
The location and the amenities are priced into every listing in Grand Lagoon Shores11. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with no shared amenity package and a wide build-year spread, the work is in the details — verifying what's actually been updated on a 1990s-built home versus a 2020s one, and pricing accordingly. We walk that comparison with you rather than leaning on a generic community narrative.
Grand Lagoon Shores11 in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Grand Lagoon Shores11 buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Grand Lagoon Shores11 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Grand Lagoon Shores11, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Grand Lagoon Shores11 home worth?
Get a no-obligation home value based on real comparable sales in Grand Lagoon Shores11, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Panama City →
Recently off market in Grand Lagoon Shores11
Homes in Grand Lagoon Shores11 that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.
- 230 Boca Shores Drive · off market
- 235 Boca Shores Drive · off market
Frequently Asked Questions
What is the median home price in Grand Lagoon Shores11?
How long do homes in Grand Lagoon Shores11 take to sell?
Who is the best real estate agent for Grand Lagoon Shores11?
How do I find a top Panama City real estate agent who knows Grand Lagoon Shores11?
Can Momentum Realty connect me with an agent for Grand Lagoon Shores11?
Where is Grand Lagoon Shores11, and what county is it in?
Should you buy in Grand Lagoon Shores11?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: October 1, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (25 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of CPAR MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the CPAR MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Grand Lagoon Shores11 fits the bigger picture — live prices, inventory, and Momentum Scores:
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