127 E Lakeshore Drive

Rare oversized lot just one block from the beach in the heart of Laguna Beach.This exceptional homesite offers a unique opportunity to build your dream coastal retreat or create a multi-home investment in one of Panama City Beach's most beloved neighborhoods. Located just steps from a dedicated beach access, the lot boasts ample space to accommodate a spacious legacy home with Gulf views, or can be subdivided to maximize its development potential. With its generous dimensions and ideal elevation, the property is perfectly suited for a custom-designed residence that captures the beauty of the Emerald Coast. Imagine relaxing on a rooftop deck with panoramic Gulf views, or enjoying breezy afternoons in a backyard built for entertaining--all just moments from the sugar-white sands. The neighborhood is home to a mix of charming beach cottages and newly built multi-million dollar homes, underscoring the long-term value and desirability of this location. Tucked into the peaceful, golf-cart-friendly community of Laguna Beach, you'll enjoy a relaxed, Old Florida atmosphere with no HOA restrictions and a true neighborhood feel. Just a short drive away is the vibrant town center of Pier Park, offering shopping, dining, and entertainment, while the world-class beaches, restaurants, and boutiques of Scenic 30A are also within easy reach. Whether you're looking to build a full-time residence, vacation getaway, or explore a smart development play, this rare lot offers endless potential in a rapidly appreciating, Gulf-side setting.