Custom-built in 2024, 8204 South Lagoon offers a rare combination in Panama City Beach: deep-water frontage, a private dock and boathouse, and a location within walking distance to the Gulf. This 4BR/3.5BA home is well suited as a primary residence or second home. The open-concept kitchen, dining, and living area creates a bright and spacious main living space, highlighted by an impressive coffered ceiling in the living room. The kitchen features custom cabinetry, granite countertops, stainless steel appliances, a large center island with seating, and a custom wood vent hood. The home features tile and LVP flooring throughout, complemented by crown molding. Three bedrooms are located on the first floor, including a large primary suite with water views. The primary bath features double vanities and a custom tiled walk-in shower. Also on the first floor is a full bathroom with a large garden tub, along with an additional half bath. Of the two first-floor guest bedrooms, one features built-in shelving, while the other offers two closets plus additional under-stair storage. On the second floor, a spacious fourth bedroom features a vaulted ceiling and its own en-suite bathroom with a tiled walk-in shower. Outside, covered front and back porches extend the living space, while a pavered driveway and walkways, synthetic grass, and rock landscaping create a finished, low-maintenance exterior. The garage includes a separate built-out storage/tackle room for boating, fishing, and beach gear. The home also features fiber-cement siding with stone accents, impact-rated windows, and spray foam insulation. The waterfront is where this property really stands apart. The backyard is designed to enjoy the water and includes a large waterside tiki hut with a hot tub. The property features 58 feet of seawall, an expansive dock measuring approximately 80.5' 23.5' 44', and a 40' 14' boathouse with boat lift. Deep-water access makes it easy to keep your boat on the lift just steps from the house and ready whenever you are. Grand Lagoon connects with St. Andrew Bay, providing boating access to the Gulf through St. Andrews Pass. With newer construction, deep-water boating access, low-maintenance outdoor spaces, no HOA dues, and a location within walking distance to the Gulf, 8204 South Lagoon offers a waterfront lifestyle and combination of features that is increasingly hard to find in Panama City Beach.