Situated on an oversized 0.22-acre lot in the coveted west end of Laguna Beach, 316 El Reposo Place offers an exceptional opportunity for investors, developers, or beachside dreamers to own a rare property just steps from the pristine sands of the Emerald Coast. This charming 2-bedroom, 1-bathroom bungalow sits on a parcel three times the size of a standard lot, providing ample space to build two additional homes on-site or create a multi-unit rental venture, making it a standout opportunity in this high-demand market. The home itself welcomes you with a cozy screened-in porch, leading to well-maintained interiors featuring sleek vinyl flooring, a spacious master bedroom, and an open-concept kitchen and dining area. Practical touches such as an enclosed outdoor shower and a large backyard workshop set on a durable concrete slab add functionality and charm. For buyers with an expanded vision, this property is available alongside the adjacent lot at 311 Coronado Place, creating a combined footprint with the potential for up to four buildable lots if the existing structures are removed and the properties are subdivided. Located near iconic local spots like Thomas Donut & Snack Shop and Carousel Supermarket, 316 El Reposo Place is perfectly positioned to enjoy the relaxed yet vibrant atmosphere of Laguna Beach. Whether you envision developing an expansive residential project, creating a vacation rental paradise, or enjoying the cozy charm of this existing bungalow, this property offers a rare combination of location, potential, and versatility. Don't miss this chance to capitalize on one of Panama City Beach's most sought-after opportunities--schedule your private showing today and start planning your dream development or investment.