Lagoon Manor
Homes for Sale in Panama City, FL

Lagoon Manor sits in Panama City, Bay County, with no closed sales currently reflected in the MLS feed and no community amenities identified from active listings — a community best evaluated property-by-property rather than by neighborhood-wide trend.

CPAR sales records identify 8 homes in Lagoon Manor that have changed hands since 2023, built between 2023 and 2023 (median 2023), with a median living area of about 1,988 sq ft and a typical 3-bedroom, 2.5-bath layout. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Lagoon Manor is too small for its own price trend, so here is the market around it.

In ZIP 32408, 757 homes are on the market and 11% are under contract — a slower corner of Panama City.

Across Bay County, 2,515 homes are active and 528 pending (17% under contract).

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.

ZIP and county figures describe the wider market, not Lagoon Manor specifically. Momentum Research analysis of MLS records.

There is no closings data for Lagoon Manor in this snapshot, so we cannot describe a median price, a pace of sales, or a direction for values. That is worth saying plainly rather than papering over. If you are house-hunting here, expect to rely on individual listing history and direct comparison to nearby Panama City sales rather than a tidy neighborhood average.

The absence of listed community amenities also tells you what Lagoon Manor is not: it is not positioned as an amenity-driven development. That can be a plus if you want a straightforward residential setting without shared-facility fees, or a drawback if part of what you are shopping for is on-site recreation. Either way, it changes what you should be diligencing before you write an offer.

In a community with no recent closed-sales record to lean on, the value of a broker who will actually go pull comparable Panama City sales, walk the property, and tell you what the number should be — rather than pointing you to a market report that does not exist — goes up, not down. That is the work we do here.

Listings in this community report association dues of about $75 per month ($900 a year) — the median AssociationFee across 5 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.