318 Placido Place, Panama City Beach

$1,275,000

5 Beds
5 Baths
2,304 Sqft
.11 Acre
0 Garage

EXCEPTIONAL IN EVERY WAY! Opportunities like this are exceedingly rare -- a fully reimagined dual-residence coastal compound just three blocks from the Gulf, masterfully renovated to the highest of standards. The impressive 2,000+ square foot main home and private detached guest cottage (ADU) have been curated with designer-level finishes, sophisticated details, and impeccable craftsmanship throughout. Anchoring the property is a brand-new private in-ground saltwater pool, creating a true resort-caliber oasis that elevates both everyday living and upscale entertaining. Whether envisioned as a refined personal retreat, a multigenerational sanctuary, or a high-performing income-producing investment, this turnkey property delivers an extraordinary combination of luxury, flexibility, and long- term value rarely found in this coveted coastal setting.

The main residence with 4 bedrooms and 3.5 baths, welcomes you with an expansive open-concept living area centered around a gas fireplace and a showpiece kitchen featuring a gas, dual fuel chef's stove with convection oven, an oversized breakfast bar, abundant workspace, and seamless flow into the dining area with custom built-in seating. A private first-floor primary suite offers a spa-inspired bath, while a convenient laundry room and powder bath complete the main level. Upstairs, you'll find a second luxurious primary suite with a breathtaking bathroom featuring a soaking tub and generous tiled shower, along with an additional guest bedroom, full bath, and a custom bunk room with two built-in bunk sets--perfect for maximizing rental potential or hosting guests. Maintenance-free luxury vinyl plank flooring runs throughout the living areas, with tile in all baths for a clean, modern finish.

Outdoor living rivals that of a private resort. Enjoy the inground swimming pool, gas firepit with Adirondack seating, expansive back deck, and a fully outfitted entertainment area with large-screen TV. The professionally designed grounds include landscape lighting, hardscaping, charming fencing, a paver driveway, and a pergola-style carport.

Adding tremendous flexibility and value, the detached guest cottage features its own private driveway and entrance, allowing it to function as a completely separate rental or private residence. This studio-style retreat includes a stylish kitchen, living/sleeping space, and a beautifully appointed bathroom--ideal for guests or additional income.

Currently operating as a successful short-term rental with strong income history despite limited rental time, this turnkey property offers exceptional versatility--live in one residence and rent the other, or maximize returns by renting both. Connected to city sewer (a major advantage) and located in the highly desirable Laguna Beach area near 30A, this property delivers the look, feel, and quality of a premier coastal luxury home.

A true coastal compound combining lifestyle, location, and income potential--properties of this caliber rarely become available. Call your favorite realtor and make an appointment to see it today!

Essential Information
MLS® #997048
Price$1,275,000
Sold Price$1,112,500
Date Sold$2026-04-30
Bedrooms5
Bathrooms5.00
Full Baths4
Half Baths1
Square Footage2,304
Acres0.11
Year Built2007
TypeResidential
Sub-TypeDetached Single Family
StyleCraftsman
StatusSold
Community Information
Address318 Placido Place
Area27 - Bay County
SubdivisionLAGUNA BEACH
CityPanama City Beach
CountyBay
StateFL
Zip Code32413
Amenities
ParkingDetached Carport, See Remarks
Has PoolYes
PoolIn Ground
Utilities

Electric, Gas - Propane, Public Sewer, Public Water

Interior
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
FireplaceYes
# of Stories2
Interior Features

Breakfast Bar, Bookcases, In-Law Floorplan, Kitchen Island, Lock Out, Owner's Closet, Pantry

Appliances

Dishwasher, Disposal, Range Hood, Tankless Water Heater

Fireplaces

EPA Qualified Fireplace, Fireplace Gas

Exterior
RoofMetal
Exterior Features

Private Yard, Fenced Cross, Pool - Fiberglass, Outdoor Shower, Sprinkler System, Rain Gutters

Lot Description

Survey Available, Within 1/2 Mile to Water

Windows

Double Pane Windows, Window Treatments

Construction

Foundation Off Grade, Frame, Siding CmntFbrHrdBrd

School Information
ElementaryWest Bay
MiddleSurfside
HighArnold
Additional Information
Days on Website223
ZoningCounty
Listing Details
OfficeBeachy Beach Real Estate
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 14th, 2026 at 7:52pm CDT.