Panama City, FL Real Estate Search

Panama City, FL 5 Bedroom Homes for Sale

Panama City, FL, offers a diverse selection of 5-bedroom homes for sale, catering to families and individuals seeking spacious living environments in a picturesque coastal setting. These homes often showcase modern designs, open floor plans, and ample outdoor space, making them ideal for both relaxation and entertainment. Located near the stunning beaches of the Gulf Coast, residents can enjoy a vibrant community atmosphere, with access to numerous amenities including shopping, dining, and recreational activities. As the Panama City area continues to grow, potential buyers will find plenty of opportunities to invest in their dream home, complete with the comforts and conveniences desired for a fulfilling lifestyle.

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Newest Panama City, FL 5 Bedroom Homes for Sale

$469,000
5 Beds ⋅ 3 Baths ⋅ 786789 MLS
Welcome to this timeless Florida cottage nestled in the heart of St. Andrews, one of Panama City's most desirable and walkable neighborhoods. Surrounded by mature landscaping and moss-draped oak trees, this spacious 5-bedroom, 3-bath home blends classic charm with thoughtful modern updates. Current Airbnb revenue is approximately $50,000 for 9 months of bookings. Inside, you'll find hardwood floors throughout and an updated open-concept kitchen featuring granite countertops, tasteful cabinetry, and stainless steel appliances, creating the perfect space for everyday living and entertaining. The updated primary bathroom offers a walk-in tiled shower, adding comfort and style to the private retreat. Step outside to enjoy the large fenced backyard, complete with a privacy fence and plenty of room for entertaining, gatherings, or relaxing under the shade of mature trees. The home's generous and flexible floor plan offers multiple living spaces and well-sized bedrooms, making it ideal for large households, hosting guests, or maximizing rental potential. Whether you're looking for a primary residence, second home, or income-producing property, this home checks all the boxes. Short-term rentals are allowed, presenting an excellent opportunity for investors to capitalize on the area's strong demand. Located just minutes from popular dining, marinas, waterfront parks, and entertainment, you'll enjoy everything the charming St. Andrews district has to offer, along with convenient access to downtown Panama City and the beautiful Gulf Coast beaches. Don't miss this rare opportunity to own a versatile property in one of Panama City's most sought-after coastal communities.

3710 W 17th Street, Panama City
$625,000
5 Beds ⋅ 2 Baths ⋅ 786756 MLS
Welcome to this one-of-a-kind custom home with superb craftsmanship and luxury materials, along with unique details you have to see to believe. Classic style with brick dual sided fireplace, newly refinished wood floors, high ceilings, and modern amenities. Spacious living and open area for everyone, and lots of options for 5 bedrooms! The open living area with new kitchen will impress when entertaining, with gorgeous granite countertops and all new kitchen and stainless appliances. Giant yard is high and dry, with room to store ALL your toys. A large covered porch is your key to a shady afternoon retreat, entertaining guests, or enjoying a relaxing rain shower. Head on out to your new fireplace veranda for quiet night by the fire. Plenty off room for a pool or an additional storage building! A fully fenced yard for your privacy and security. Located within minutes to revitalized and booming downtown Panama City, with dozens of restaurants, shops, night spots, and activities. The area is abundant with parks, boating, fishing, events, and ongoing improvements to the area. Whether looking for your next home, or investing in the future of Panama City, this property has room to add additional dwelling units, pool, parking, outbuildings, and so much more! With Mixed-Use Zoning, there are options for commercial use, live-work situations, and so much more! Also offered as a commercial lease. Close proximity to Tyndall Air Force Base is great for future rentals, or customers! Alterations to the home can be negotiated. All appliances, including HVAC and Water Heaters, are within 3 years old and warrantied. This entire home has been remodeled by quality contractors and is like new, with some original touches kept for historic and aesthetic value. Furniture is virtually staged except for a few pieces that are negotiable.

5045 E Highway 98, Panama City
$795,000
5 Beds ⋅ 6 Baths ⋅ 786715 MLS
Attention investors! Income-producing triplex just a short walk to the beach in PCB (4 min walk to Schooners). Perfect for short-term rentals, vacation stays, or long-term tenants. Properties this close to the sand rarely hit the market--strong rental potential and multiple income streams! A - 1 bed + loft, 2 baths. B - 2 bed, 2 bath. C - 2 bed, 2 bath.

5218 Beach Drive, Panama City
$355,000
5 Beds ⋅ 3 Baths ⋅ 786698 MLS
Fresh paint and carpets recently cleaned! Easy to Show! Spacious and versatile, this 5-bedroom home offers room to grow and flexibility to fit a variety of lifestyles. In addition to the five bedrooms, the property features two bonus rooms that can easily be used as a home office, playroom, media room, or even converted into a 6th or 7th bedroom if needed. Situated on a desirable corner lot, the home includes a large fenced backyard that provides plenty of space for outdoor entertaining, pets, or future additions. Inside, the home has been freshly painted throughout, giving it a clean and updated feel. Modern conveniences include a smart thermostat and an ADT security system already in place for added comfort and peace of mind. A major financial advantage is the assumable VA mortgage at 4.625%, which the sellers are willing to consider offering to qualified buyers--an increasingly rare opportunity in today's market. With generous living space, flexible room options, and valuable financing potential, this property is ready to meet a wide range of needs.

7121 Ellie B Drive, Panama City
$549,500
5 Beds ⋅ 4 Baths ⋅ 786389 MLS
THREE COVE HOUSES for the price of one! Rare chance to live in the main house and rent out the cottages for income or rent all 3 for a cash flow machine! Main home features 3 beds, 2 baths, 1 car garage with updated kitchen, appliances and bathroom. Cottages are each concrete block featuring 1 bed 1 bath. All 3 homes are currently tenant occupied. Homes boast an excellent location in the Cove and offer a modern feel without sacrificing the original charm.

304 Allen Avenue, Panama City
$450,000
5 Beds ⋅ 2 Baths ⋅ 785926 MLS
Step into this spacious and beautifully updated 5-bedroom, 2-bathroom home offering 2,251 square feet of thoughtfully designed living space on a fully fenced quarter-acre lot. Situated at the end of a quiet cul-de-sac, this property provides a rare combination of privacy, comfort, and convenience. Inside, you'll find a bright and open layout with soaring 10-foot ceilings and a seamless flow between the kitchen, dining, and living areas—perfect for both everyday living and entertaining. The kitchen features sleek stainless steel appliances, modern cabinetry, and elegant countertops, blending functionality with style. With five generously sized bedrooms, there's plenty of room for family, guests, or creating your ideal home office or flex space. The fully fenced backyard offers a secure, spacious area ideal for kids, pets, or gardening, with a sidewalk providing easy access around the home. Located in a peaceful and desirable neighborhood of College Station, this home is move-in ready with quality finishes and a practical layout that fits a variety of lifestyles. Don't miss your chance to own this exceptional property that combines space, style, and comfort in a quiet, welcoming setting.

3928 Sandpine Way, Panama City
$599,000
5 Beds ⋅ 4 Baths ⋅ 785491 MLS
Positioned on a private cul-de-sac lot in the established Hawks Landing community, this all-brick 5-bedroom, 4-bathroom home offers 3,605 square feet of spacious and flexible living space. A wooded buffer behind the property provides added privacy with no immediate rear neighbors. Inside, 10-foot ceilings on the main level and 9-foot ceilings upstairs create an open, expansive feel. Genuine hardwood flooring, crown molding, arched openings, decorative columns, and a gas fireplace with built-in shelving add warmth and architectural character to the main living areas. The kitchen features granite countertops, stainless steel appliances, abundant cabinetry, recessed lighting, and a raised breakfast bar overlooking the living area. The open layout provides plenty of room for everyday living and entertaining. The oversized primary suite includes dual granite vanities, a corner jetted tub, and a separate glass-enclosed shower. Four additional bedrooms and multiple full bathrooms provide flexibility for guests, home offices, or multi-generational living. Upstairs, a spacious bonus room with access to a full bathroom could serve as a media room, recreation area, or private guest suite. A covered rear porch extends the living space outdoors and overlooks the private backyard and wooded buffer. Additional features include an irrigation system supplied by reclaimed water and utilities provided by the City of Lynn Haven. Conveniently located near Bay Haven Charter Academy, A. Crawford Mosley High School, grocery stores, restaurants, shopping, and everyday services, this Hawks Landing home combines generous square footage, a versatile floor plan, and a private setting in a convenient Panama City location.

2916 Bay Wing Loop, Panama City
$1,495,000
5 Beds ⋅ 7 Baths ⋅ 784547 MLS
Resort luxury meets everyday living in this custom 5BR, 6.5BA home in the gated, Lake Merial Community! Welcome to 158 Lake Merial Blvd a home of timeless elegance and modern sophistication. Perfectly positioned in the quiet, gated enclave of Lake Merial and just moments from Bozeman School (K-12), this custom-built estate offers 5 bedrooms, 6.5 baths, and an unparalleled blend of comfort, privacy, and style. From the moment you arrive, the architectural presence is undeniable. Manicured grounds, an oversized three-car garage with epoxy flooring and custom cabinetry, and a paver drive set the tone for the detail and craftsmanship within. Inside, the home reveals itself with wide-plank flooring, soaring 20-foot vaulted ceilings, and walls of natural light. At its heart, a chef's kitchen designed for both function and beauty — a massive 10'x6' Carrera marble island, Viking and Fisher Paykel appliances, Butler's pantry with prep sink and ice maker, and a 200+ bottle climate-controlled wine cabinet. The expansive dining and living areas easily host family gatherings or elegant entertaining. The Owner's Suite is a sanctuary unto itself, nearly 1,000 sq ft of private luxury overlooking Lake Merial, while the spa bath features a rainfall shower with body jets, freestanding soaking tub, dual vanities, and a custom dressing room with center island and jewelry storage also having a balcony overlooking the pool. Additional 4 en-suite bedrooms provide refined comfort for family and guests alike. The outdoor living experience is resort caliber: a heated pool with infinity-edge spa, waterfall feature, and jets, surrounded by ample patio space designed for entertaining up to 40-50 guests. A fully appointed outdoor kitchen with quartz counters, Blaze refrigerator, grill, pizza oven, and fireplace. Conveniently includes a pool house with outdoor bathroom & sauna. No detail has been overlooked! Solar power with battery backup, EV charging station, CAT 7 wiring, fiber internet, hurricane-rated Anderson windows, copper gutters, and solid concrete construction are just a few of the countless upgrades. This is a property where luxury meets peace of mind. A true must-see, 158 Lake Merial Blvd is more than a home. It's a statement of refined living.

158 Lake Merial Boulevard, Panama City
$549,900
5 Beds ⋅ 3 Baths ⋅ 784070 MLS
Back on the market at no fault of sellers...Welcome to your perfect beach getaway! Conveniently located between the lagoon and the beach. This spacious FULLY FURNISHED 5 bedroom/3 bathroom home offers 2 houses in 1!! The main house (upstairs) is 4 bedroom/2 bath with a full downstairs appt with separate entrance offering 1 bedroom/1 bath. Live in one and rent out the other or rent both. This home features a beautifully updated living space just a short walk from the stunning white sandy beaches. Whether you're looking for a full-time residence, vacation home, or TURN KEY RENTAL, this beach house checks every box. Recently refreshed with updated paint, flooring, and lighting, the home blends modern comfort with coastal charm. Relax and unwind on the outdoor patios where you can feel the breeze. SEPARATE IN LAW SUITE DOWNSTAIRS, Ideal for guest or another source of rental income!! This home offers both convenience and tranquility. Enjoy the ease of beach access just moments from your door, and take advantage of the area's vibrant dining, shopping, and entertainment. Don't miss this incredible opportunity to own a move-in-ready beach property with strong rental potential and room for everyone!

3914 Ural Street, Panama City
$875,000
5 Beds ⋅ 3 Baths ⋅ 782527 MLS
Discover an exceptional privately gated estate on Deer Point Cove Lane, set within a small, private setting and crafted with impressive detail, functionality, and quality throughout. This red-brick residence is introduced by an elongated half-circle driveway, expansive RV parking, and a 2+ car garage wired for electric charging. A detached third garage adds even more versatility and includes a climate-controlled 2,000-bottle wine cellar with Vintage View and Sorbus racking, plus a fully equipped 11×6 secure storage and firearms room. Also available for sale is a separate half-acre, fully buildable lot (estimated $125K value) already improved with power, offering opportunities for future use or added privacy. Additional exterior features include 58 solar panels with two Tesla Powerwalls, a sprinkler system, private Econfina well, septic, security cameras, Ring doorbell, hardwired pathway lighting, Nest thermostats, and two HVAC systems. Inside, the main level features ceramic tile flooring, a newly remodeled kitchen, and an extra-large island topped with an exotic marble-granite hybrid that extends into a full-height backsplash. The GE Café Signature Series appliance suite and Italian copper ductless range hood create a striking focal point. The grand living room showcases 20-foot ceilings and overlooks the saltwater pool and hot tub, supported by pool pumps, filtration system, and gas heater that are less than five years old. Outdoor living includes two dedicated entertainment areas. The first is a fully outfitted pool house kitchen with a fireplace, bar area, refrigerators, microwave, and sound system. Across the patio, the second outdoor kitchen includes a grill, stovetop, wine fridge, refrigerator (plumbed for an icemaker), prep sink, ceiling fan, and its own A/C unit. The main-level owner's suite features coffered ceilings, a sitting area, and double French doors leading to the pool area. The remodeled bath includes live-edge granite counters, vessel sinks, a soaking tub, extensive storage, and a remarkable 12-foot shower with five showerheads. Upstairs, a beautifully updated full bath showcases live-edge granite, oval vessel sinks, a glass-enclosed tub/shower, and frosted glass barn doors. Four additional bedrooms offer generous closet space, including one en suite with a balcony overlooking the pool. The oversized bedroom above the garage provides excellent potential for a media room or other flexible use. This estate offers extensive upgrades, thoughtfully designed spaces, and modern systems, creating a standout opportunity near Deer Point Lake.

4409 Deer Point Cove Lane, Panama City
$579,000
5 Beds ⋅ 4 Baths ⋅ 783125 MLS
***BEST PRICE PER SQUARE FOOT CHEROKEE HEIGHTS HOME!!!*** The sellers have spared no expense in upgrading this absolutely GORGEOUS 3,649 square foot 5 bedroom, 3.5 bathroom 2 story brick veneer home in the highly desirable Cherokee Heights community. As you enter the home you are greeted with a den/office that leads into the updated kitchen. The electric fireplace in the living room gives the space a cozy feeling and the high 2 story ceilings give the home a much larger feel. Adjacent to the kitchen is a spacious breakfast/dining nook. There are 2 master bedrooms(1 downstairs & 1 upstairs) with adjoining bathrooms. An updated wet bar, half bath, and laundry room complete the downstairs. Upstairs you have a large loft space perfect for entertaining, along with the additional 4 bedrooms(one is hidden behind a white bookshelf) and 2 full baths. Upgrades and updates include but are not limited to: 2019 roof, new water heater, new HVAC, new waterproof LVT flooring and premium padding carpet, new kitchen cabinets, quartz countertops, tiled backsplash, stainless steel appliances, renovated wet bar and bathrooms, newly painted interior, all new light fixtures(added recessed lighting in all rooms), and new garage shelving for additional storage. Step outside to a spacious covered pergola and deck, 6 ft privacy fenced backyard(big enough to add a pool), and a storage shed that if finished out would make a perfect office/man cave/she shed :-} All interior furniture, TV's, and washer and dryer are negotiable and can be purchased separately. All information is approximate and should be verified by buyers if important.

5007 Pretty Way, Panama City
$419,900
5 Beds ⋅ 2 Baths ⋅ 782925 MLS
*** Huge, and elegant white 5 bedrooms/ 2 baths concrete corner house *** One of the biggest houses in THE COVE neighborhood. Centrally located within walking distance to Cherry, Jinks, and Bay Schools, and short drive to the beach, St. Andres Bay, downtown and the Tyndall Air Force Base! *** Over $200K in upgrades! Completely renovated with modern finishes, new flooring, freshly painted, recessed lighting trough out, stainless steel appliances, metal roof, landscaped, and much more! 2,328 Sq ft. 1 Car garage + 6 Parking spaces, and great patio area for kids' playground, BBQ, pets, you can even install an above ground pool for this summer! Call now, it won't last *

1006 E 2nd Court, Panama City
$479,999
5 Beds ⋅ 3 Baths ⋅ 780275 MLS
These homes feature recently renovated open-concept kitchen with stainless steel appliances and solid surface counters. The main home includes three bedrooms, two bathrooms, and a spacious bonus room. The secondary home offers two bedrooms and a recently updated bathroom. The main home also boasts a backyard pool and pavilion area, with both homes secured by fencing for privacy. Both properties share a septic system and well, which has a newly installed filtering system. The metal roofs on both homes are less than seven years old. This beautiful property is located within a half-mile of Deerpoint Park and Boat Ramp.

4806 High Point Drive, Panama City
$218,000
5 Beds ⋅ 2 Baths ⋅ 774050 MLS
HUGE PRICE DROP!!!!! **Investor Special!!!! NEEDS FLOORS, paint and a creative person!!** Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. **Solar panels for a cheap utility bill too! **WILL BE PAID OFF AT CLOSING!! (With full price offer)** House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

1912 Chestnut Avenue, Panama City
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