Investment opportunity on the highly desirable east end of Panama City Beach! Located on S Lagoon Drive, this property sits in a short-term rental-allowable area just 5 minutes from the nearest public beach access and less than one mile from a public boat launch, making it an ideal candidate for a vacation rental or second home. Positioned in a high-demand rental corridor, this is a great opportunity to have instant equity and cash flow. Convenient to beaches, boating, dining, and entertainment, this property presents a compelling investment opportunity in one of PCB's most sought-after areas and is simply waiting for the right investor to renovate, reimagine, and bring their vision to life.