118 E Lakeshore Drive, Panama City Beach

$649,000

4 Beds
3 Baths
2,107 Sqft
.17 Acre
0 Garage

Just steps from the white-sand beaches and sparkling Gulf of Mexico, this charming beach cottage offers a relaxed coastal lifestyle with the added versatility of a separate guest cottage. Conveniently located near a local grocery store and the beach, this delightful property combines classic coastal character with thoughtful spaces for family, guests, or rental potential.

The main house features a lovely oversized partially covered balcony, perfect for enjoying the coastal breeze and outdoor entertaining. Inside, two separate living areas provide plenty of room to gather or unwind, while charming pine accents on the walls, ceilings, and stairs create a warm beach-cottage atmosphere. The kitchen features tile flooring, stainless steel appliances, and a fun blue-and-white tile backsplash accented with a crab mosaic above the stove. Quaint sitting alcoves with built-in benches add character throughout the home. Durable terrazzo flooring throughtout the first floor provides a timeless, easy care finish.

The master bedroom offers the cozy ambiance of a fireplace and comfortable carpeting. The bathrooms showcase tiled walls and floors, and charming shiplap stairs add another touch of coastal character.

A separate guest cottage tucked behind the main house offers wonderful flexibility and could be ideal for guests, extended family, or rental income. Its covered porch provides the perfect spot for morning coffee or an evening cocktail. Inside, the cottage features white shiplap walls in the living area, white tile kitchen walls, and pine wood flooring. The bedroom features warm wood-paneled walls, and the bathroom includes a shower.

With its beach cottage charm, separate guest accommodations, inviting outdoor spaces, and enviable location less than one block from the Gulf, this property offers a wonderful opportunity to enjoy the laid-back coastal lifestyle while providing exceptional flexibility for guests or investment use.

Essential Information
MLS® #1013418
Price$649,000
Bedrooms4
Bathrooms3.00
Full Baths3
Square Footage2,107
Acres0.17
Year Built1967
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusActive
Community Information
Address118 E Lakeshore Drive
Area27 - Bay County
SubdivisionLAGUNA BEACH
CityPanama City Beach
CountyBay
StateFL
Zip Code32413
Utilities

Electric, Public Water, Septic Tank

Interior
HeatingCentral
CoolingCentral Air
# of Stories2
Appliances

Dishwasher, Microwave, Refrigerator

Exterior
Exterior FeaturesBalcony
ConstructionFrame
School Information
ElementaryWest Bay
MiddleSurfside
HighArnold
Additional Information
ZoningResid Multi-Family
Listing Details
OfficeMainsail Realty Company
LISTING MAP

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Listing information last updated on October 14th, 2026 at 4:22pm CDT.