Just Listed
Address
306 Malaga Place, Panama City Beach, FL
Price
$ 549,000
Property Attributes
- MLS#1012443
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City Beach
- AreaBay County
- NeighborhoodLAGUNA BEACH ESTATES
- Zip32413
- StyleBeach House
- Year Built1961
- Taxes$ 4504
- Price$ 549,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1205
- Lot Size0.07 Acres
Data Source:
Emerald Coast MLS (ECAR)
Property Description
BEACH HOUSE, VACATION ESCAPE OR INCOME-PRODUCING VRBO 306 Malaga Place offers an incredible opportunity to own your piece of Panama City Beach in a location that puts the best of the coast within easy reach. Located in Laguna Beach and just a few blocks from the sugar-white sand and emerald waters of the Gulf, this inviting 2-bedroom, 2-bath beach cottage offers approximately 1,205 square feet of comfortable coastal living with NO HOA and short-term rentals allowed. Perfect as a full-time residence, second home or vacation rental investment, this property offers the flexibility to enjoy the beach lifestyle yourself while creating rental potential when you're away. Thoughtful updates throughout the home include LVP flooring, granite countertops, Frigidaire stainless steel appliances and updated baths, while a bonus/sunroom provides additional space for relaxing, entertaining or accommodating guests. A great addition is the fenced-in front porch, creating a private outdoor retreat for morning coffee, unwinding after a day at the beach, or giving the pups their own secure spot to enjoy the coastal breeze. The location is where this property really shines. Spend the day at the beach, head to nearby Pier Park for shopping, dining and entertainment, or venture west to explore the restaurants, shops, beaches and communities along Scenic Highway 30A. With both Panama City Beach and 30A at your fingertips, you can enjoy the best of both worlds. Whether you're looking to LIVE HERE FULL TIME, ESCAPE TO YOUR OWN BEACH HOUSE or add a VRBO/VACATION RENTAL to your investment portfolio, 306 Malaga Place delivers location, flexibility and laid-back coastal living. Come for the beach. Stay for the lifestyle. Let your investment work when you're away.
| Elementary School | Middle School | High School |
|---|---|---|
| West Bay Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 9/21/2026 | Listed $549,000 |
General Features
| Utilities | Public Water |
|---|---|
| Zoning | Resid Single Family |
| Property Subtype | Detached Single Family |
| County | Bay |
| Property Type | Residential |
| Subdivision Name | LAGUNA BEACH ESTATES |
| Status | Active |
| Buyer Financing | Conventional,FHA,VA |
| Directions | From US-98 E/Panama City Beach Pkwy, turn right onto Malaga Place, property will be on the left. |
| High School | Arnold |
| City | Panama City Beach |
| MLS Area | 27 - Bay County |
| Lot Size Units | Acres |
| Lot Size Square Feet | 3049.2 |
| Elementary School | West Bay |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 2724 - Beach - West Central |
| Standard Status | Active |
| Sewer | Public Sewer |
| Heating | Central |
| Cooling | Central Air |
| Patio/Porch Features | Patio Covered |
| Architectural Style | Beach House |
| Construction Materials | Block,Stucco |
| Year Built | 1961 |
| Stories Count | 1 |
| Tax Year | 2025 |
| New Construction | false |
| Total Rooms | 4 |
| Carport Y/N | false |
| Property Condition | Renovated,Construction Complete |
Interior Features
| Total Baths | 2 |
|---|---|
| Interior Amenities | Newly Painted |
| Flooring | Floor Vinyl |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Window Treatment All |
| Furnished Y/N | Furnished - None |
Exterior Features
| Lot Features | Interior |
|---|---|
| Lot Size Area | 0.07 |
| Lot Dimensions | 48 X 49 X 63 X 63 |
| Lot Size Acres | 0.07 |
| Road Surface Type | Paved |
| Road Frontage Type | City Street |
| Foundation Details | Slab |
| Building Area Total | 1205 |
| Total Parking | 3 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32413
Price
Taxes
Year Built
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
