Located just a half-block from the beach and backing up to a peaceful lake, this multi-unit property on the desirable west end of Laguna Beach offers exceptional flexibility and investment potential. Fully furnished, turnkey, and situated on an oversized lot with no HOA, it’s currently configured as a duplex—one side sleeping nine and the other twelve—but features interior lockout doors, upstairs kitchenettes, and dual laundry setups that allow for an easy transition to a tri- or quadplex if desired. With rental projections reaching up to $122,000 annually, this property is well-suited for both short- and long-term income strategies. Live in one unit and rent the others, operate as a multi-family vacation rental, or convert to long-term leases for steady returns. There's also ample space to add a pool, enhancing guest appeal and value. In a golf cart–friendly neighborhood just steps from beach access, this lakefront home offers an ideal blend of lifestyle and income opportunity on one of the most sought-after stretches of Panama City Beach.