6722 S Lagoon Dr, Panama City Beach, FL 32408

**PRICE IMPROVEMENT** Income producing property with THREE living units and TWO boat houses!If you love boating, amazing views and easy access to the beach...as well as income potential, you've just found a home that has all of this and much more to offer! This newly renovated three-story multi-unit home boasts a dock with not one, but TWO covered boat houses affording you the opportunity to keep multiple water toys in your own backyard with 74' of prime lagoon waterfront! From this vantage point, you'll take in the best views over the lagoon from one of the three decks that overlook the expansive waterfront property. The first floor deck is covered so you can enjoy the shade as well as shelter on rainy days. The wrap-around second floor deck provides additional outdoor living space from which you can enjoy the colors of the sunset and sunrise in the sky over the lagoon. The beach is just a few blocks away, and St. Andrews State Park, shopping, restaurants, and entertainment are all close by, as well! The location of this property couldn't be better and is only a short drive to the Hathaway Bridge for when you need to head into town! The property offers myriad opportunities to utilize the well-planned spaces to suit your individual needs. There are 3 separate living spaces which could easily be combined, should you wish to connect the separate units into a larger unit. The property has been updated with new LVP flooring, cabinets, countertops, lighting, tile, bathrooms, wood decking and more!Amongst the 3 units, in total, there are 5 bedrooms and 4.5 bathrooms. The main unit occupies the second and third floors and includes 3 bedrooms and 2.5 bathrooms and a comfortable living space with spectacular lagoon views. Both of the 1-BR/1-BA units are located on the first floor, with one unit facing the lagoon and covered deck, and the other unit facing the street. The street-facing 1-BR unit does not have a kitchen installed, in case the new owner would want to install a stairwell to connect this space to the 3-BR unit above.There is ample parking in the driveway and in the parking pad along the street. The front yard is showcased by the majestic live Oak tree which has a heritage tree designation tag. Short term rentals are allowed, so in addition to using the property as your full time residence, you also have the option of renting out one or both of the 1 bedroom units either short- or long-term to offset your personal living expense or to maximize income potential, you could rent out all three units. Of course, these spaces would also be great as a private mother-in-law suite or guest spaces when friends and family come to visit your beautiful abode. Opportunities and options abound, so schedule a showing to visualize this versatile property's full potential!