CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Excellent opportunity to build your dream home, a vacation home, or an investment property in the popular South Lagoon area of Panama City Beach, two blocks from the beautiful emerald waters and silver sands. This 50ft by 100 ft lot is perfectly situated a short distance from Rick Seltzer Park, the great restaurants on the East End, and multiple boat ramps along South Lagoon Dr. For savvy investors, take advantage of the R-5 zoning to build a duplex and create a short-term rental machine! Water and sewer taps have already been paid and installed on the lot, providing cost and time savings for any buyer.