CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Contingent. Panama City Beach's most elegant neighborhood on the peninsula that forms the lagoon. This is the largest (.33 acre), most desirable interior lot, directly across the street from the most elegant homes in Bay County. Second story view overlooks Grand Lagoon and the Pass. Great gated community with tennis, pickleball courts, playground and community dock. There is no build out time on this fabulous lot.