Lower Grand Lagoon and Upper Grand Lagoon are two communities located outside Panama City Beach of the Panama City metropolitan area.
The Upper Grand Lagoon is home to about 14,000 residents located on the northern side of Panama City Beach along the shores of St. Andrews Bay. The land itself comes out into a peninsula along Delwood Beach Road accessible by Highway 30 along Thomas Drive and Magnolia Beach Road. It stretches up into Northbay, across the highway to the border of Panama City Beach and South to the border of Lower Grand Lagoon. this location is full of residential homes, vacation properties and condominium rentals. These homes have views of the bay but are not on the ocean side. The median house or condominium value is roughly $230,000 which is about 30% higher than the average for the state of Florida. Upper Grand Lagoon has a population growth of about 27%, one of the highest in the nation’s and home appreciation increases at about 3.4% each year.
Schools are important in Upper Grand Lagoon and there are roughly 16 students per teacher in this location. The schools are located in the Bay County School District but there is only one elementary school in the city which is the Petronis elementary school. It receives and 8 out of 10 rating by great schools.org
Lower Grand Lagoon is south of Upper Grand Lagoon and is a smaller census designated place still within the Panama City Metropolitan area along the Peninsula which ends at St. Andrews State Park. There is a bridge from Upper Grand Lagoon to Lower Grand Lagoon along Thomas Drive practically in the middle of the peninsula. Thomas Drive connects the two and reconnects back at Highway 30. There are about 4000 residents in this smaller community and the median house value is roughly $210,000.
Both of these locations are ideal for condo vacations, rentals, properties and more. If you’re looking for a little more rustic environment, close to the water and St. Andrews State Park, you might consider a condominium rental or purchase in the Lower and Upper Grand Lagoon communities of Panama City and Bay County. Call us today to learn more.
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