Panama City, FL Real Estate | Panama City, FL 6+ Bathrooms Homes for Sale

Within Hadley's Beach, an intimate Gulf-front community of just 26 residences in Panama City Beach, 5944 Gulf Drive is a new construction coastal residence by Thor Construction, thoughtfully designed around scale, craftsmanship, and life near the Gulf. Spanning 4,747 square feet with six bedrooms and six and a half baths, the home balances sophisticated gathering spaces with private retreats, creating a setting equally suited to everyday living, extended stays, and time shared with family and guests. The interiors are defined by craftsmanship rather than excess. Thoughtful proportions, elevated finishes, and natural transitions between spaces create an easy sophistication throughout the home. At its center, the kitchen brings form and function together with custom cabinetry, premium appliances, an expansive island, and a layout designed to keep the kitchen connected to the surrounding living areas. Throughout the residence, private and shared spaces have been carefully considered. The third-floor primary suite offers a more secluded retreat within the home, while additional bedrooms provide comfortable accommodations for family and guests. A generously scaled bunk room, featuring a custom king bunk and two twin bunks, adds flexibility and architectural character while maintaining the refined aesthetic carried throughout the residence. Outdoor living extends into the fenced backyard, where Gulf breezes and an outdoor shower reflect the ease of the coastal setting. Hadley's Beach is intentionally limited in scale, with 16 Gulf-front and 10 first-tier residences, creating a more intimate residential environment along Panama City Beach's white-sand shoreline and emerald waters. What distinguishes 5944 Gulf Drive is the combination of new construction, thoughtful architecture, and a Gulf-oriented setting within a limited collection of residences. For buyers searching for a luxury new construction home in Panama City Beach, a second home near the Gulf of Mexico, or a spacious coastal residence designed for family and guests, 5944 Gulf Drive delivers a compelling balance of design, livability, and location within Hadley's Beach.

5944 Gulf Drive, Panama City

$425,000

6 Beds ⋅ 6 Baths ⋅ 796036 MLS

RARE TRIPLEX INVESTMENT OPPORTUNITY NEAR TYNDALL AIR FORCE BASE! Opportunities to own an entire triplex don't come along often. This property features three separate 2-bedroom, 1.5-bath units and is currently generating a combined $3,240 in monthly rental income. Each unit has a functional two-story layout with both bedrooms and a full bath upstairs, while downstairs features an open living, dining and kitchen area, half bath, interior laundry room and LVP flooring. Units B and C each have privacy-fenced backyards, while Unit A has a partially privacy-fenced backyard that opens toward the large pond with a water feature and views of the neighboring walking park. Each unit also includes two designated parking spaces. Conveniently located near Tyndall Air Force Base with access to area shopping, dining and everyday conveniences, this triplex provides an opportunity to add a multi-unit property to your investment portfolio with existing rental income already in place. Whether you're looking to expand your portfolio or secure a property with three income-producing units under one ownership, this one deserves a closer look. Call today to schedule a preview of this investment opportunity!

5138 Lance Street, Panama City

$675,000

6 Beds ⋅ 6 Baths ⋅ 794807 MLS

Income-producing opportunity in Panama City! Located at 2600, 2602, and 2604 E 1st Plaza, this six-unit property features one-bedroom, one-bathroom units with approximately 518 square feet each. Convenient to shopping and schools, each unit includes water and garbage service in the rent. Reported monthly rents range from $1,076 to $1,225, totaling $6,891 in gross monthly rental income, or $82,692 annualized at current rental rates before expenses. An opportunity to establish or expand your rental portfolio. Buyers should verify square footage, lease terms, rental income, and operating expenses during due diligence.

2600 E 1st Plaza, Panama City

$349,000

9 Beds ⋅ 6 Baths ⋅ 794136 MLS

**INVESTOR ALERT** This piece of property on the East end of the beach has so many options, making this perfect for your next investment! Almost .7 of an acre in the Upper Grand Lagoon area, with current Trailer Park Zoning, has five mobile homes on the property. Four are being rented to long term tenants under market value. The other could be remodeled or replaced because of the zoning. All are metered separately and pay their own electric and water. Leaving this property ''as is'' gives strong cash-flow opportunity. This would also make a great development opportunity. Currently, it could be developed as two duplexes, or with a development order could be changed to multi-family. Please do not disturb tenants. All measurements/information are approximate. Buyer to do their own due diligence.

2122 Anne Avenue, Panama City

$389,900

6 Beds ⋅ 6 Baths ⋅ 793806 MLS

143 Claire Ave Turnkey 6 Unit Multifamily Investment Excellent investment opportunity! 143 Claire Ave is a remodeled 6-unit multifamily property, consisting of six studio apartments. The property has been updated and offers an investor the opportunity to acquire an income producing asset without taking on a major renovation project. Each unit features an efficient studio layout, making the property well suited for tenants looking for affordable, low maintenance living. With six individual rental units under one roof, this property provides multiple income streams and strong potential for consistent occupancy. Whether you're looking to add to an existing rental portfolio or get into multifamily investing, 143 Claire Ave offers a great combination of updated units, rental income potential, and manageable size. Six units. Remodeled. Income producing. Ready for its next owner.

143 Claire Avenue Unit 101, Panama City

$2,000,000

8 Beds ⋅ 10 Baths ⋅ 793380 MLS

Brand-new construction duplex, perfectly positioned just a 3-minute stroll from the beach with no HOA! Designed for elevated living and exceptional rental performance, each townhome offers approximately 2,500 square feet of thoughtfully curated living space, featuring 4 spacious bedrooms, a bonus living area, and 4.5 designer bathrooms. Every detail has been carefully selected, from the premium luxury vinyl plank flooring and quartz countertops to the Frigidaire Gallery appliance package, designer lighting and plumbing fixtures, and commercial-grade Hayward pool equipment with private heated pools. The first floor welcomes you with a private guest suite featuring an en-suite bath, while the expansive open-concept kitchen, dining, and living areas flow seamlessly to a covered outdoor living space complete with a fireplace and private heated pool--creating the perfect setting for entertaining or relaxing after a day at the beach. The second level offers two generously sized bedroom suites, each with its own en-suite bath and walk-in closet, providing comfort and privacy for family and guests alike. The third floor serves as a private retreat, featuring a spacious bonus living room, convenient kitchenette, and access to an oversized covered balcony where you can enjoy Gulf views and coastal breezes. An additional bedroom suite with a walk-in closet and en-suite bath completes this level, while multiple flex closets throughout the home provide abundant storage or dedicated owner lockout space. Whether you're seeking a premier luxury vacation rental, a second home, or a full-time coastal residence, this exceptional property delivers the perfect combination of sophisticated design, modern amenities, and an unbeatable beachside location.

6806 Thomas Drive, Panama City

$4,998,000

7 Beds ⋅ 7 Baths ⋅ 792763 MLS

Welcome to A Sight to Sea, an exceptional 7-bedroom, 6.5-bath coastal retreat offering of beautifully designed living space. The home features expansive open-concept living areas, a well-appointed kitchen, private elevator, generous bedrooms, multiple gathering spaces, and abundant room for entertaining. Outdoors, enjoy a private swimming pool, hot tub, and inviting areas for relaxing in the Florida sunshine. Conveniently located near the sugar-white beaches of Panama City Beach, dining, shopping, parks, and entertainment. Currently operated as an established vacation rental, this impressive property is equally suited as a primary residence, second home, or investment opportunity. Available furnished or unfurnished, subject to the final purchase agreement.

9708 Beach Boulevard, Panama City

$1,749,000

6 Beds ⋅ 6 Baths ⋅ 792563 MLS

One of just two attached townhomes on Front Beach Road in Panama City Beach, this newly built three-story residence is offered fully furnished and turnkey, living entirely on its own -- a private entrance, a private fenced pool, and dedicated paver parking. It stands directly across Front Beach Road from the sugar-white sand and emerald Gulf, with two public beach accesses only a short walk away. Gulf views open from the main living level and the top-floor primary suite, and a private elevator serves all three floors. The living level is anchored by a designer kitchen -- white shaker cabinetry, a quartz waterfall peninsula, premium stainless appliances, and a statement tile backsplash -- flowing into a generous dining area and a Gulf-view balcony made for sunset. One floor down, a dedicated game room with a pool table, air hockey, foosball, and a wet bar opens to the backyard, where a private pool and paver sun deck sit alongside an outdoor kitchen and grill. Upstairs, the third-floor primary is a private retreat: a king suite with its own Gulf-view balcony, a spa-inspired bath in marble-look tile, a dual vanity, and a walk-in closet. Bedrooms on every level -- several with two beds, plus a children's bunk room -- welcome large groups with ease. Just minutes from M.B. Miller Pier, Pier Park, and Topgolf -- a standout primary home, second residence, or Gulf-view investment in Panama City Beach. Set over three floors with nine-foot ceilings and wide-plank wood-look flooring, the layout keeps a full level of living between the entry and the bedrooms above. On the ground floor, the recreation room opens to the fenced backyard and is served by a full bath, while a guest bedroom with ensuite bath, a spacious home office, and a second laundry room finish the level. The middle floor gathers the open kitchen, dining, and living, with two more bedrooms and a powder bath positioned for guests. The uppermost floor belongs to the primary suite, alongside two additional bedrooms, a full laundry room, and a wet bar just outside the suite. By the pool, lounge seating and alfresco dining complete the fenced deck, and dedicated parking holds four vehicles.

13310 Front Beach Road, Panama City

$865,000

7 Beds ⋅ 6 Baths ⋅ 1006983 MLS ⋅ 2,988 SqFt.

$7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month Total income = $7100 per month. New custom landscaping and beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities. Direct views of Massalina Bayou offering serene surroundings and a true coastal lifestyle. Prime location near top shopping, dining, entertainment, and local attractions. This unique combination of parcels provides endless possibilities--multigenerational living, a fully income-producing investment, or use the carriage house a primary residence and rent out the fourplex for excellent rental income. With its unmatched flexibility, new construction quality, and breathtaking bayou views, this property checks all the boxes.

405 Massalina Dr, Panama City

$1,658,000

10 Beds ⋅ 8 Baths ⋅ 1006980 MLS ⋅ 4,856 SqFt.

ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! Zoned for short term and long term rental. Waterfront on Massalina Bayou! Main House: Amazing 3-bedroom 2-bath with den/office *new construction*. Gorgeous views from covered porches on both floors. First floor has open kitchen with Forno Italian stainless appliances, large Island, gas stove, double door refrigerator w/ice maker and wine cooler. Living/dining walk out large sliding doors to covered porch, outdoor Thor stainless summer kitchen and pool/bayou views. Master bedroom and master bath with large custom shower, double vanity sink and walk in closet. Second floor open family room, den/office, large sliding doors to walk to walk out to covered porch overlooking pool/bayou. Two additional bedrooms and one bath. So much to offer with beautifully designed tile flooring throughout, tankless water heater and extra storage. 401 Massalina Drive is under a lease for 5 months with potential for 2 month extension. $3600 per month and includes utilities and pool service. 405 Massalina Drive: Carriage House plus Quadplex/Fourplex: $7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month; Total income = $7100 per month or $85,200 per year. New custom landscaping and pool to relax and enjoy. Beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities.

401 & 405 Massalina Dr, Panama City

$1,658,000

10 Beds ⋅ 8 Baths ⋅ 792227 MLS

ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! Zoned for short term and long term rental. Waterfront on Massalina Bayou! Main House: Amazing 3-bedroom 2-bath with den/office *new construction*. Gorgeous views from covered porches on both floors. First floor has open kitchen with Forno Italian stainless appliances, large Island, gas stove, double door refrigerator w/ice maker and wine cooler. Living/dining walk out large sliding doors to covered porch, outdoor Thor stainless summer kitchen and pool/bayou views. Master bedroom and master bath with large custom shower, double vanity sink and walk in closet. Second floor open family room, den/office, large sliding doors to walk to walk out to covered porch overlooking pool/bayou. Two additional bedrooms and one bath. So much to offer with beautifully designed tile flooring throughout, tankless water heater and extra storage. 401 Massalina Drive is under a lease for 5 months with potential for 2 month extension. $3600 per month and includes utilities and pool service. 405 Massalina Drive: Carriage House plus Quadplex/Fourplex: $7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month; Total income = $7100 per month or $85,200 per year. New custom landscaping and pool to relax and enjoy. Beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities.

401 & 405 Massalina Drive, Panama City

$865,000

7 Beds ⋅ 6 Baths ⋅ 792225 MLS

$7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month Total income = $7100 per month. New custom landscaping and beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities. Direct views of Massalina Bayou offering serene surroundings and a true coastal lifestyle. Prime location near top shopping, dining, entertainment, and local attractions. This unique combination of parcels provides endless possibilities--multigenerational living, a fully income-producing investment, or use the carriage house a primary residence and rent out the fourplex for excellent rental income. With its unmatched flexibility, new construction quality, and breathtaking bayou views, this property checks all the boxes.

405 Massalina Drive, Panama City

5237 Thomas Drive Unit A & B, Panama City

$2,179,900

10 Beds ⋅ 10 Baths ⋅ 791806 MLS

This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors -- and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control -- a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms -- one featuring built-in bunk beds perfect for families -- plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill -- the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

5237 Thomas Drive Unit A & B, Panama City

$578,000

6 Beds ⋅ 6 Baths ⋅ 790574 MLS

Serious price improvement. The numbers make great sense, solid ROI. Add to your portfolio today! Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

116 Springfield Avenue, Panama City

$599,000

9 Beds ⋅ 6 Baths ⋅ 790460 MLS

Excellent investment opportunity to own a fully occupied triplex generating immediate rental income. Each of the three units offers approximately 1,300 square feet and features 3 bedrooms and 2 full bathrooms. Units include private driveways, individual backyard spaces, galley-style kitchens, and open living areas. Functional floor plans provide comfortable living arrangements that appeal to long-term tenants.

726 Detroit Avenue, Panama City

$5,795,000

8 Beds ⋅ 8 Baths ⋅ 789986 MLS

Set directly along the sugar-white shoreline of Panama City Beach, The Headliner at Hadley's Beach is a newly constructed Gulf-front residence combining architectural scale, elevated interiors, private beach access, and short-term rental flexibility within one of the area's most intimate coastal enclaves. Hadley's Beach includes just 26 homes, with only 16 true Gulf-front residences, making this an increasingly limited opportunity for direct waterfront ownership in Panama City Beach. Across approximately 5,700 square feet and three levels, sweeping Gulf views, five panoramic door systems, a heated private pool, and more than 1,300 square feet of outdoor living create a home designed around the water from nearly every vantage point. Built by Thor Construction & Design, the residence pairs refined coastal architecture with a material palette that feels substantial, current, and quietly sophisticated. Venetian plaster, custom cabinetry, oak beams, Visual Comfort lighting, and expansive walls of glass bring texture and warmth to the interiors while allowing the Gulf to remain the defining visual element. Five panoramic door systems positioned across all three levels open the home toward the shoreline, creating a fluid connection between interior gathering spaces, covered porches, and the beach beyond. The second level serves as the natural heart of the home, where generous living and dining spaces unfold around a chef's kitchen designed for both everyday life and large-scale entertaining. Custom cabinetry is complemented by Sub-Zero and Wolf appliances, while the open layout preserves long sightlines to the Gulf. Floor-to-ceiling windows and broad openings fill the space with natural light and create an effortless progression from the kitchen and living areas to expansive outdoor terraces overlooking the water. Eight spacious bedrooms and eight bathrooms are thoughtfully arranged across the residence to accommodate family, guests, and multigenerational gatherings while maintaining privacy throughout. The upper-level primary suite is positioned as a private Gulf-front retreat, complete with its own lounge and panoramic water views, creating a quieter sanctuary removed from the home's central gathering spaces. Outdoor living is integral to the experience of The Headliner. More than 1,300 square feet of porch space spans the residence, offering multiple settings for open-air dining, morning coffee, relaxed conversation, and sunset views. The heated private pool extends the home's resort-style atmosphere, while direct private access leads from the residence to the white sand and turquoise waters of the Gulf of Mexico. An elevator and garage add convenience across all three levels. Hadley's Beach offers a distinctive position within Panama City Beach, pairing the privacy of a limited residential enclave with convenient access to the area's dining, entertainment, live music, and coastal recreation. Days can begin on the Gulf, move easily into the energy of Panama City Beach, and end back at the residence with sunset views from the porch or evenings beside the pool. Offered fully furnished and with short-term rentals permitted, The Headliner offers flexibility as a primary residence, second home, vacation property, or Gulf-front investment opportunity. For buyers searching for a luxury Gulf-front home in Panama City Beach, a newer construction beachfront residence with a private heated pool, or a short-term rental property directly on the Gulf of Mexico, 5935 Gulf Drive brings together architecture, scale, location, and direct waterfront access in a setting designed to be experienced from sunrise through sunset.

5935 Gulf Drive, Panama City

$695,000

15 Beds ⋅ 9 Baths ⋅ 789830 MLS

Welcome to 119 College Avenue, an exceptional income-producing property featuring six rental units in a well-maintained, recently remodeled setting, currently generating over $82,000 in gross annual income. Situated on a spacious 0.4-acre corner lot in Flood Zone X (no flood insurance required), the property consists of four total buildings. The primary residence featuring three units has been fully renovated down to the studs and rebuilt with quality finishes throughout, offering three separate rental units (Units 1, 2, and 3) totaling 8 bedrooms and 5 bathrooms, along with a welcoming front porch, three new HVAC systems, and updated kitchens with new appliances. Unit 1 is a 3-bedroom, 2-bath upstairs unit rented for $1,290/month, featuring a private entrance to the primary suite, oversized laundry room, new LVP flooring, updated kitchen and baths, and two living areas. Unit 2 is a 3-bedroom, 2-bath downstairs unit rented for $1,450/month, offering a split floor plan, spacious living area, and new LVP flooring throughout. Unit 3 is a 2-bedroom, 1-bath rear apartment rented for $1,000/month. In addition to the main house, the property includes three detached single-family homes: Unit 7, a 3-bedroom, 2-bath unit with a utility/storage area rents for $1,000/month; Unit 5, a 2-bedroom, 1-bath unit rented for $990/month; and Unit 6, a 2-bedroom, 1-bath unit rented for $1,125/month and extensively remodeled. Altogether, the property offers 15 bedrooms and 9 bathrooms across six income-producing units. All rentals are professionally managed by ERA Property Management, making this a seamless, turnkey investment opportunity. Floor plans are available in the Documents section and photo gallery. Schedule your private showing today to explore the full potential of this multi-unit property.

119 College Avenue, Panama City

528 Kraft Avenue Unit A,B,C,D,E,F., Panama City

$1,300,000

12 Beds ⋅ 12 Baths ⋅ 789738 MLS

Beautiful complex of 6 apartments built in 2024. 2 bedrooms and 2 bathrooms for each apartment, Excellent acquisition, modern and in a good area, close to hospitals, restaurants, schools, shops, beaches and more.

528 Kraft Avenue Unit A,B,C,D,E,F., Panama City

1421 Martin Luther King Junior Boulevard Unit A-D, Panama City

$760,000

8 Beds ⋅ 12 Baths ⋅ 789241 MLS

Brand-New Quadruplex Across from MLK Recreation Center - Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming -- making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id number for easy breakout if the units were to be sold independently. Each has its own water and electrical meter. Rental rates around $1700 each. Expected Cap Rate 7-8%.

1421 Martin Luther King Junior Boulevard Unit A-D, Panama City

3730 Preserve Bay Boulevard, Panama City

$8,475,000

5 Beds ⋅ 10 Baths ⋅ 786845 MLS

Perched on 380 feet of pristine West Bay waterfront along the Northwest Florida Gulf Coast, Villa Chimera is the most extraordinary luxury estate in Panama City Beach. Spanning 9,473 sq. ft. across three expansive lots, this 5BR/6BA/4HB masterpiece was authentically modeled after an Italian Venetian Palazzo -- designed by architect Philip Spann from hand-sketched owner drawings inspired by Renaissance master Andrea Palladio. Every finish was sourced from Italy or crafted by world-renowned artisans: a hand-carved Italian marble fountain, cushion-cut marble walls, Venetian silk upholstery, a Rome-crafted stone dining table, and a Renaissance fresco ceiling hand-painted by artist Jody Matokovich. This is not simply a Gulf Coast luxury home -- it is a one-of-a-kind legacy estate. The soaring foyer commands immediate attention with its grand Schonbek crystal chandelier, custom compass rose marble floor inlay, and solid stone staircase with marble balusters. The great room overlooking West Bay features a marble fireplace, limestone accents, and walls upholstered in Bevilacqua silk -- made in Venice and renowned worldwide. A media room with a theater-size projection screen and theatrical lighting flows seamlessly from the living space. The gourmet kitchen features Wolf and Sub-Zero appliances, a breakfast bar, separate bar area, and a fully equipped butler's pantry for effortless large-scale entertaining. All cabinetry was custom-designed by Design Galleria of Atlanta. The dining room centers around a custom stone table crafted in Rome outside the Vatican walls, beneath Venetian watermark plasterwork evoking centuries of Palazzo history. The second-level master suite is a private sanctuary with bay views, a columned balcony, and a hand-painted Renaissance fresco vault ceiling. Separate his-and-hers bathrooms each feature heated floors and double showers with body jets. A detached guest house -- connected by covered walkway -- includes a full kitchen, sitting area, private veranda, and full bath. Smart home living is delivered via a full Crestron system controlling all lighting, media, and security. Additional highlights: Kohler 100KW whole-house generator, all-copper plumbing, 4-car garage with wheelchair lift, whole-house central vacuum, monitored security cameras, LED lighting throughout, and all windows and exterior doors replaced post-Hurricane Michael. A rare and irreplaceable Florida Gulf Coast waterfront estate -- schedule your private showing today.

3730 Preserve Bay Boulevard, Panama City

$750,000

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

$3,750,000

9 Beds ⋅ 7 Baths ⋅ 784135 MLS

''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2026! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14x24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV's. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ''Making Waves'' is a premiere gulf front home with a proven rental record! You must come see it for yourself!

5409 Gulf Drive, Panama City

$3,995,000

7 Beds ⋅ 9 Baths ⋅ 977364 MLS ⋅ 4,715 SqFt.

No HOA fees!! Looking for an Airbnb powerhouse, you've found it. With an experienced Airbnb host and aggressive pricing strategy, this fully furnished 7-bedroom, 8.5-bath Gulf-front beach house is built to support a high-capacity rental operation. Built in 2025, the property features a heated private pool, parking for up to 9 vehicles, no HOA restrictions, and direct beachfront access. The seller is also building a new construction home next door, creating a unique opportunity for buyers interested in expanding their Gulf-front investment footprint. The approximately 30 x 30 main living area is designed for large groups, with Gulf views from nearly every angle. The chef's kitchen centers around a 10 x 5 island with granite slabs imported from Brazil, dual refrigerators, wraparound seating, and a 75-inch wall-mounted TV. The home also includes 12 smart TVs, a 412-game arcade console, and a third-floor entertainment lounge with room for movies, games, a pool table, or air hockey. The primary suite features 16-foot ceilings, chapel windows overlooking the Gulf, and a private lounge with a coffee and wine bar. More than $150,000 in designer furnishings, accessories, and custom window treatments contribute to the home's turnkey appeal and reduce the need for immediate setup. Hurricane-impact windows, a 10-foot sliding glass door, triple-pane Therma-Tru doors, and a commercial-grade fire suppression system with 24-hour monitoring add notable durability and safety features. Outside, an approximately 30 x 25 beachfront deck overlooks a heated 12 x 23 Gulf-front pool with an 8 x 6 sun shelf and two heaters. A powder-coated aluminum safety fence helps secure the pool area while preserving Gulf views, and reinforced balcony railings provide an additional safety feature. The lot extends to the wet sand, providing direct beachfront access and space for beach gear and jet skis. The home was built on 12 x 12 concrete pilings driven 20 feet deep rather than traditional wood pilings. The exterior also features Hardie Board siding secured with stainless screws and a rust-resistant aluminum roof. Located minutes from Pier Park, Tootsies, Top Golf, and Dolly Parton's Pirates Voyage. Buyer to verify all dimensions.

8711 Surf Dr, Panama City

$992,500

8 Beds ⋅ 8 Baths ⋅ 783019 MLS

*** ATTENTION INVESTORS *** Income producing property making close to $100k yearly. * Over $200k in upgrades...Completely renovated with top of the line! 4 Townhomes with 2beds/2baths each. New kitchen cabinets, Quartz countertops, new tile flooring including stairs, new recessed lighting trough out, freshly painted, new bathrooms, laundry room, landscaping, and much more!!! * Excellent central location close to the beach, St. Andrews Bay, downtown, and Tyndall Air Force base! * Call now, it won't last!!!

1211 Stephen Drive, Panama City

$999,000

8 Beds ⋅ 8 Baths ⋅ 738248 MLS

Investors, two duplex buildings with 2 units in each building that's new construction all brick duplex homes with front porch & yard. This low cost Maintenace under warranty offers lots of room with its open floor plans and lots of natural light. LVP flooring throughout and the kitchen offers lots of room as well as the large two bedrooms to fit your furniture. The Master bedroom has its own bath with a walk-in shower with seat and the other full bathroom has a full tub and shower. Utility and washer /dryer room will hold a lot of storage. Own driveway parking for each side. 10-minute drive to beach side, Now leasing each side. If important all measurements and information should be verified.

1917ABCD Michigan Avenue, Panama City

$5,250,000

6 Beds ⋅ 8 Baths ⋅ 760174 MLS

CONTACT LISTING AGENT TO DISCUSS NEW HUGE SELLER INCENTIVES BEING OFFERED. This is the newest built home for sale on the beachfront! 6-bedroom, 6-bathroom house offers over 4,600 square feet of luxurious living space. Situated directly on the beach with private access, this home provides an unbeatable coastal lifestyle. The spacious interior includes gourmet kitchen with high-end appliances and custom cabinetry. Each bedroom features an en-suite bathroom and comes fully furnished with stylish décor. An elevator ensures easy access to all levels of the home. Outside, enjoy your private pool with breathtaking ocean views. The expansive deck is ideal for sunbathing, dining, and entertaining. This home combines luxury and comfort in a stunning natural setting. Sold fully furnished as turn-key, high producing vacation rental!

9704 Beach Boulevard, Panama City

Panama City, FL 6+ Bathrooms Homes for Sale

Newest Panama City, FL 6+ Bathrooms Homes for Sale

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