3534 Treasure Circle, Panama City, FL 32408 - Port St. Joe Real Estate | The Peevy Team

$999,000

*CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS* Waterfront homes with deep-water Gulf access are uncommon. A waterfront home built with Insulated Concrete Form (ICF) construction is a rare opportunity. Set on 52 feet of direct waterfront along Lower Grand Lagoon, this thoughtfully updated 4-bedroom, 4.5-bath residence offers 2,714… Read More square feet designed for boating, entertaining, and everyday coastal living. Built with exceptional strength, energy efficiency, and storm resilience, this home combines quality construction with one of Panama City Beach's most desirable waterfront settings. Unlike many waterfront homes, this property offers a floor plan designed with privacy in mind. Each of the four spacious bedrooms features its own ensuite bathroom and private balcony, creating comfortable accommodations for owners and guests alike. The updated kitchen showcases quartz countertops, new and refinished cabinetry, a bold navy island, stainless steel appliances, and generous storage. The primary suite overlooks the lagoon and includes a sitting area, a walk-in closet, a private balcony, and a beautifully renovated bathroom completed in 2025. One secondary ensuite bathroom was also renovated in 2025, complementing the home's timeless finishes, including tile flooring throughout the main living areas and bamboo hardwood in select upstairs spaces. Recent improvements provide confidence for the next owner, including a 2019 roof, two HVAC systems installed in 2019, a 2025 renovation of the kitchen, primary bathroom, and one secondary ensuite bathroom, a saltwater pool deck resurfaced with a premium RevaFlex Limestone finish completed in 2026. These thoughtful investments allow the next owner to spend more time enjoying the home and less time planning future projects. Life here revolves around the water. Begin the day with coffee on the covered veranda as the sun rises over Lower Grand Lagoon, launch a paddleboard or kayak from your backyard, spend the afternoon boating to Shell Island or one of the area's favorite waterfront restaurants, then return home for a swim in the pool before heading back out for an evening cruise. Dolphins are frequent visitors, anglers regularly catch speckled trout, redfish, mangrove snapper, flounder, and mullet in the surrounding waters, and seasonal Grand Lagoon fireworks can often be enjoyed from the property. The property does not have a dock yet, offering a future owner the opportunity to design and install one tailored to their boating needs, subject to applicable permitting and approvals. Deep-water Gulf access makes this an exceptional setting for those who enjoy spending time on the water. Additional features include a two-car garage, no HOA, sprinkler system, and a location just minutes from St. Andrews State Park, Shell Island, marinas, shopping, dining, Naval Support Activity Panama City, Tyndall Air Force Base, and Northwest Florida Beaches International Airport (ECP). Short-term rentals are currently permitted in this area; however, this home has been enjoyed as a primary residence and has not been operated as a vacation rental. Buyers should verify current regulations and intended use. Some homes offer waterfront views. This home offers a waterfront lifestyle built around quality construction, thoughtful updates, and easy access to everything that makes Lower Grand Lagoon special. Whether you're boating to Shell Island, casting a line from your backyard, enjoying the morning sunrise over the lagoon, or relaxing beside the saltwater pool, this home is designed to be lived in and enjoyed for years to come. Strong construction. Deep-water Gulf access. Thoughtful updates. Exceptional waterfront living. Opportunities to own an ICF-built home on Lower Grand Lagoon are rare. Read Less

Listing Snapshot

Days Online

Last Updated

Jul 18, 2026

Property Type

SingleFamilyResidence

Beds

Full Baths

Partial Baths

Lot Size

0.14 Acres

Year Built

2003

MLS Number

792578

30 Days Snapshot Of 32408

$497k

-9%

(avg) sold price

+22%

homes sold

157

-1%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road frontage type: PrivateRoad

Appliances & Equipment

ElectricCooktop, ElectricOven, ElectricWaterHeater, WineCooler

Building

Built in 2003, Construction materials: Concrete, Stucco, Levels: Two, Units furnished: None, 2, 2 total stories, Toal building area: 2714

Community

ShortTermRentalAllowed

Cooling

CentralAir, CeilingFans, HeatPump

Exterior Features

CoveredPatio, OutdoorShower

Fence

Full, Fenced, Privacy

Garage

2 garage spaces

Water Features

Lagoon, Seawall, ShorelineNatural

Heating

Central, Electric, HeatPump

Interior Features

Balcony, DoubleVanity, SittingAreaInPrimary, SoakingTub, SeparateShower, UpperLevelPrimary, WalkInClosets

Lot

0.14 acres, 6,229 sqft, SprinklerSystem, Paved

Pool

Fenced, InGround, SaltWater, Private

Property

Patio and porch features: Balcony, Deck, Covered, Patio, Porch, Lagoon, Water

Roof

Shingle

Security Features

SmokeDetectors

Sewer

PublicSewer

Taxes

Year: 2025

Utilities

CableConnected, ElectricityAvailable, HighSpeedInternetAvailable, PhoneConnected

Windows

DoublePaneWindows, StormWindows

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Courtesy of Compass Florida, LLC 850-296-9769

3534 Treasure Circle

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