Property Type:
Commercial for Sale
Lot Size (sq. ft.):
44,867
Status:
Sold
Current Price:
$3,515,000
List Date:
2/11/2026
Last Modified:
2/11/2026
Description
Rare multi-family opportunity situated in the heart of Laguna Beach steps from the sugar white sands of the emerald coast. 100% leased, the Sandman Community showcases 21 units: 16 - 2 Bedroom Apartments | 3 - 1 Bedroom Apartments | 1 - 2 Bedroom Residence | 1 - 1 Bedroom Studio.
Additional structures included are a community pool, pavilion, laundry facility and overflow parking. Many of the units have recently been remodeled to bring a modern touch to this classic development.
Offering over $428K in annually income, Sandman is a sound investment boasting instant cash flow with long term re-development prospects. Opportunities of this nature are rare along the Gulf of Mexico. Do not miss the chance to add this Panama City Beach multi-family complex to your investment portfolio.
Listing Office: Christies International Real Estate Emerald Coast
Last Updated: February - 11 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
