Enjoy waterfront living in the desirable Lower Grand Lagoon area of Panama City Beach with this 3-bedroom, 2-bath home offering 50 feet of frontage on the lagoon and direct access to the Gulf. The property features a boathouse with a 10,000-lb boat lift, making it easy to enjoy boating, fishing, and days on the water right from your backyard. Inside, the home offers an open floor plan with a wood-burning fireplace, granite countertops in the kitchen and bathrooms, and an enclosed porch providing additional space for relaxing, entertaining, or creating a home office or game room. Recent improvements include new flooring and interior paint throughout, exterior paint completed in 2025, and roofs on both the home and boathouse replaced in 2022. The HVAC was serviced and the septic tank pumped in 2026. A detached one-car garage provides additional storage for beach and boating gear. For buyers needing even more space, a separate lot located approximately one block away is also available for purchase separately (MLS #796638 )and features a three-car garage--perfect for storing boats, vehicles, golf carts, and other toys or creating additional workspace. Conveniently situated near the beautiful beaches of the Gulf, local dining, shopping, and entertainment, this property offers easy access to everything Panama City Beach has to offer. Whether you're looking for a primary residence, vacation getaway, or investment opportunity, this property offers plenty of possibilities to make it your own.