108 Casa Place, Panama City Beach, FL 32413 (MLS# 995030)

108 Casa Place, Panama City Beach, FL 32413

$3,515,000

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

Overview

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 Details MLS# 995030

Status Change Info

Under Contract Date: 2026-02-11
Sold Date: 2026-02-11

Contract Info

GCCMLS Number: 30841793
Listing Board: Emerald Coast

Location Tax and Legal

Area: 27 - Bay County
Street #: 108
Street Name: Casa
Street Suffix: Place
State: FL
Zip Code: 32413
County: Bay
Parcel ID: 37439-000-000

General Property Info

Listed on GCCMLS: No
Vacant: No
Immediate Occupancy: No
Acreage: 1.03

Multi-Family

# of Units: 21

More Information

Location, Tax and Legal

Sub Area: 2724 - Beach - West Central
Legal Description: LAGUNA BEACH LOTS 21 THRU 26 BLK 8 ORB 4505 P 2249

Listing Info, Tax & Legal

As Is: No

Remarks & Misc

Remarks: 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.

Class

Multi-Family: Yes

Property Features

Class: Multi-Family

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.