Panama City, FL Real Estate Search

Panama City, FL Homes for Sale

Overview of the Real Estate Market in Panama City, FL

The real estate market in Panama City, Florida, has been experiencing significant changes, attracting potential homeowners and investors alike. Situated along the stunning Gulf Coast, the city offers a mix of vibrant community life, beautiful beaches, and a growing economy. With a diverse range of properties available—from cozy beachfront condos to expansive family homes—Panama City has become a sought-after destination for those looking to relocate or invest in real estate. Whether you are drawn by the area’s natural beauty or its economic opportunities, those considering a real estate endeavor in Panama City will find a bustling market with plenty of options.

Types of Properties Available

In Panama City, prospective buyers can explore a wide variety of real estate options. Condominiums dot the coastline, offering stunning views of the beaches and easy access to waterfront activities. Single-family homes are prevalent in family-friendly neighborhoods, often featuring spacious yards and community amenities. For those looking for investment properties, Panama City also has a range of duplexes and multi-family homes that provide potential rental income. With such diversity, the local market caters to a broad audience, ensuring that everyone can find something that fits their lifestyle and budget.

Market Trends and Predictions

Recent trends in the Panama City real estate market indicate a robust demand that has resulted in rising property values. Following the economic recovery post-COVID-19, there has been an influx of buyers seeking real estate in coastal areas for both permanent residence and summer getaways. Experts predict that this upward trajectory will continue, as remote work becomes more common and individuals seek homes that offer not only aesthetic appeal but also a desirable quality of life. Moreover, new commercial developments are on the rise, which could further stimulate residential demand in the coming years.

The Economic Impact of Tourism

Tourism plays an essential role in Panama City’s economy, directly influencing the real estate market. The area's pristine beaches and vibrant local attractions draw millions of visitors annually, creating a strong demand for rental properties. This influx has encouraged many investors to purchase homes and condos to capitalize on short-term rental opportunities. The popularity of platforms like Airbnb has transformed the landscape, as many property owners are now generating significant income through vacation rentals. Thus, the symbiotic relationship between real estate and tourism continues to strengthen the local economy.

Future Developments and Community Expansion

Looking ahead, Panama City is poised for future growth, with various development projects underway aimed at enhancing living conditions and attracting new residents. Expansion of infrastructure, public facilities, and green spaces are all part of the city's plan to create a more livable and inviting environment. As the community continues to develop, property values are likely to rise, making it an opportune time for potential buyers and investors to enter the market. As Panama City embraces modernization while maintaining its charm, it positions itself as a prime destination for those seeking real estate in a vibrant coastal setting.

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Panama City, FL Homes for Sale

Avg. No of Beds
Avg. No of Baths
Avg. Living Ft2
Avg. Listing Price
Cost per ft2
Days on Market

Newest Panama City, FL Homes for Sale

$350,000
1 Beds 2 Baths 780529 MLS
Welcome to Mariner West, a Gulf-front mid-rise condominium perfectly located on the quiet east end of Thomas Drive. This fully furnished 1BR/2BA condo comfortably sleeps six and offers breathtaking ocean views from the kitchen, dining room, breakfast bar, and living area. Enjoy stunning sunsets from the spacious covered 5th-floor balcony overlooking the Gulf of Mexico. This condo has been meticulously maintained and thoughtfully updated throughout. The fully renovated kitchen (2023) features new stainless steel appliances, custom cabinetry, and granite countertops. Both full baths include updated vanities, countertops, and tile flooring. Flooring throughout the unit consists of Wood plank in the living areas and bedroom, and tile in the kitchen, baths, and hallway—no carpet! Additional upgrades include a new HVAC (2023), water heater (2024), fresh interior paint (2020), and trim updates (2023). The laundry/utility room with a full-size washer and dryer is conveniently located in the breezeway just across from the unit. Community amenities include a Gulf-front pool with LED lighting, a poolside cookout area with gas grills, a private deck overlooking the Gulf, an outdoor shower, a repaved tennis court, owner's lounge, game room, and shuffleboard courts. Mariner West recently passed all State of Florida Structural Integrity inspections and has undergone major improvements, including a new roof, fresh exterior and balcony paint, and upgraded storm-rated sliding glass doors and windows. Mariner West is a low-density, six-story community with only 58 units, ensuring a peaceful and private beach experience. Pet-friendly for owners and ideally located near St. Andrews State Park, marinas, restaurants, and local attractions. All information deemed correct but should be verified by buyer.

6213 Thomas Drive Unit 507, Panama City

$249,000
1 Beds 2 Baths 780503 MLS
Beautiful Gulf View - Outstanding- Give Away Value!Just reduced $35,000!! Enjoy coastal living knowing you paid a super low Gulf view price on this 1 bedroom, 2 bath plus bunk room condo at Laketown Wharf Resort. This well maintained unit features an open floor plan, NEW HVAC, NEW hot water heater and NEW microwave. The kitchen offers abundant cabinetry and a large island, providing plenty of room for family gatherings or entertaining. The spacious living area features a large sliding glass door opening to an oversized balcony with beautiful beach and Gulf views. The main bedroom includes its own private bath, while the bunk room has a closet and convenient access to the second full bath across the hall. A barn door could easily be added to create a private sleeping space. Comfortably sleeps 6. Laketown Wharf is one of PCB's most popular resorts, just steps from the sugary white sands with its own private, secure walkway to the beach next door to Pineapple Willy's. Enjoy five pools, a kids' Funscape playground, Splash Bar & Grill, pickleball, a Gulf-view fitness center, covered garage parking and a 52,000 sq. ft. lakefront boardwalk with shops, restaurants, and a nightly fountain and light show. New additions include 810 Billiards & Bowling, an arcade and The Bun Lab, serving smash burgers and hosting a comedy show on the main level. Whether you're buying for personal use, rental investment or both, this condo delivers the location, layout, and income potential

9860 S Thomas Drive Unit 1516, Panama City

$318,990
3 Beds 2 Baths 780255 MLS
SPECIAL PROMTIONS AVAILABLE! Introducing the Alden, a beautiful home designed to exceed your expectations. This charming 3 bedroom, 2 bath residence encompasses 1,721 square feet of well-designed living space and features a covered front entry that adds an inviting touch. Extra windows allow the abundant sunlight to gracefully dance across the home, infusing the space with a comforting warmth. As you step inside, you'll be welcomed into a spacious and long foyer, perfect for displaying cherished memories. Before you enter the large and open great room, the spare bedrooms are thoughtfully positioned off a guest hall, creating a separate wing for added privacy. These two bedrooms share a well-appointed bathroom and a linen closet, catering to the needs of your family and guests. Convenience is key in the Alden as the laundry room is just steps away, offering easy access for day-to-day chores. The two-car garage has access from the foyer and provides plenty of space for storage and parking, accommodating all your needs. The spacious and inviting great room is open to the dining area and kitchen creating family togetherness. From the great room, there's access to a 13×8 covered outdoor living space that awaits barbecue dinners and afternoons enjoying the sunny Florida weather. The large kitchen is a chef's delight, boasting an abundance of counter and cabinet space, a pantry, and a kitchen island complete with a dishwasher and sink. It's a functional and stylish space that will inspire your culinary adventures. The Alden's split floorplan ensures privacy and comfort. Located off the great room, the generously sized owners' suite is a haven of relaxation, featuring an ensuite bathroom and double walk-in closets that provide ample storage. The Alden offers standard selections of quartz countertops, tile flooring in the common/wet areas, and cozy carpet in bedrooms. Rest assured, this home includes a 1-year transferable builder warranty and a 10-year structural warranty. Your peace of mind is our priority. Experience the pride of homeownership. The Alden is waiting for you to make it your own. Buyer to confirm any information contained herein that is important in making a buying decision.

5167 Harvey Street, Panama City

$275,000
1 Beds 2 Baths 779487 MLS
***New Penthouse Listing*** If you want one of the best Gulf Views from the highest levels of Laketown Wharf Resort then this unit #2119 is a must see. Sunsets are breathtaking and the condo is being sold furnished and also includes all like new stainless kitchen appliances. This unit is professionally managed and professionally cleaned after every rental. It is in pristine condition and features the following attributes: 1 Master Bedroom, 1 Bunk Room, each with its own private bathroom (2), Like new LVP flooring in the grand-room, tile in the kitchen, baths and hallways and carpet in the master bedroom. This condo/home has a coastal elegant decor and when you step out onto the covered balcony you see the Gulf of America for miles and miles! From your front door your view is of the Laketown Wharf Resort Lake and boardwalk. Home to many eateries, giftshops, bars and the new 810 Bowling and Billiards destination. One great feature is that the COA dues are better than most local condo complexes, the square footage is more (1047 sq. ft.) and fee's include: INSURANCE,WATER,SEWER,TRASH,PEST CONTROL,CABLE,INTERNET, 5 POOLS, PRIVATE GATED BEACH ACCESS, SECURITY, POSTAL SERVICE and access to the 2 STORY GYM, PICKLEBALL, BOARDWALKS and the NIGHTLY LAS VEGAS LIGHT SHOW/MUSIC. When you compare the value and the income potential from possible short term rental income, you get more for your money for sure. Come and see this unit soon. Check out all the pictures and video provided. Polywood type furniture on the balcony and other balcony furniture convey as well. Take notice of the higher ceilings afforded in all Penthouse units! This makes the space feel even bigger and more open and very comfortable. PLUS notice the additional Transom Windows overlooking the beach too!

9860 S Thomas Drive Unit 2119, Panama City

$1,239,000
3 Beds 3 Baths 779329 MLS
RARE WATERFRONT. RENTAL PROJECTION OF $70K-$80K. PRIVATE DOCK + LIFT. Set near the mouth of the lagoon in Panama City Beach, this waterfront property offers the kind of location, scenery, and boating access that can stand out to both personal-use buyers and short-term rental investors. With a rental projection estimating year-one revenue of $70,000 to $80,000, this is more than a waterfront retreat--it is a scarce location-first opportunity with income-producing potential. Positioned on a quiet loop in one of the closest residential pockets to the lagoon mouth, the property offers quicker runs to open water, marinas, beaches, dining, and Panama City Beach attractions while still maintaining a calm, tucked-away feel at home. Out back, a private dock with powered boat lift makes ''go now'' boating simple. When dinner calls, it is an easy hop by boat across the lagoon to local favorites like Capt. Anderson's or The Grand Marlin, or stay dockside and fish for saltwater trout and redfish right from the backyard. The setting gives guests and owners a true waterfront experience: passing boats and jet skis, ospreys and eagles overhead, dolphins making regular rounds, and large-scale Fourth of July fireworks visible from the dock and both screened porches. These are the details that help separate a short-term rental from a standard beach-area property. Built with 2x6 construction, hurricane-rated doors and windows, spray-foam insulation throughout, including interior walls, and pilings driven approximately 47 feet, the home blends efficiency, resilience, and long-term utility. Inside, well-appointed living spaces are oriented toward the water and flow to a screened-in back porch. Upstairs, the primary suite has its own screened porch, creating another strong vantage point for enjoying the wildlife, watercraft, and lagoon views throughout the day. For buyers comparing Panama City Beach waterfront homes with rental potential, this property offers a rare combination: private boating infrastructure, lagoon-mouth proximity, water views, screened outdoor living, and projected year-one rental revenue of $70,000 to $80,000. The result is a waterfront property with both lifestyle appeal and investment positioning, exactly where you want to be when access, scenery, and income potential matter most. All information is believed accurate but not guaranteed; buyer to verify if important.

3530 Treasure Circle, Panama City

$305,000
1 Beds 1 Baths 779098 MLS
Oh my: Just got word from Management company of the rental income for the year. Very impressive! Escape to a world of paradise in this exquisite Gulf-front condo that transcends the ordinary and encapsulates the essence of coastal living. Immerse yourself in the serene beauty of breathtaking sunsets and pristine beaches, all within the embrace of your own private oasis. This renovated condo including a one year old HVAC unit, seamlessly blends modern elegance with coastal charm, offering a lifestyle of relaxation and refinement. The open kitchen is adorned with sleek quartz countertops, beautiful gray soft-close cabinets, and a welcoming breakfast bar perfect for gatherings. The details show not only in the beautiful cabinetry but also in the over the top stainless appliances and deep single bowl sink. Step into tranquility as you enter your private bedroom with access to your bath with a delightful vanity and newer tub, meticulously tiled with a touch of perfection. You also have another access to not only a private owner's closet but into the main living area perfect for entertaining with views of the Beaches and the lights of Panama City Beach and its nightlife. Walk to Pineapple Willies, Walmart, Waffle House and a number of fast food and sit down restaurants and soon... Tootsies, where the old iconic Spinnakers was located. There are three pools with one heated. The center pool has just been totally redone! Call your favorite Realtor and come check out this condo!!

9850 S Thomas Drive Unit 912W, Panama City

$479,000
2 Beds 2 Baths 778442 MLS
Western oriented 2BR/2BA ON THE 5TH FLOOR. PERFECT ELEVATION - NOT TOO HIGH AND NOT TOO LOW! This one-of-a-kind and rarely available property conjures up images of sun-splashed days of swimming, biking, and relaxing. The 1152sqft 2Bed/2Bath floorplan is super-efficient and lives like a beach house but comes with all the benefits of owning a condo. New Luxury vinyl plans flooring throughout and conveys fully furnished with window treatments and artwork. Boardwalk 509 invites you to lie back, relax, and enjoy panoramic views of the pool, beach, and ocean. Open floorplan and floor to ceiling windows allow for fabulous Gulf and sunset views from the unit's unique, oversized balcony, living room, dining room, kitchen, & master suite, providing the ultimate alfresco living and entertaining environment! Sunset views from this generous, private, ''bump-out'' balcony are a perfect end to a sunny day and beginning to an exciting evening - enjoy both privacy and 180 degree views! The not to high, not too low elevation keeps you connected to the beach experience! MASTER SUITE is front and center on the beach with direct access to the main balcony. Literal wall of floor ceiling glass in the Master offers world class views. Ensuite bath complete with double vanity, garden tub, separate shower, and large walk-in closet. The master suite also opens directly to main balcony. SECOND Bedroom is large and attached to second bath which can be accesses directly from the second bedroom and hallway. LUXURY! COMFORT! CONVENIENCE!! EXCELLENT RENTAL INCOME POTENTIAL. Turnkey income producer! Meticulously maintained and in excellent condition. Enjoy the good life at the Boardwalk Beach Resort with an unparalleled deck of resort style amenities including two levels of parking adjacent to the building (not across the street); beautiful grounds with a pool, spa, kiddie water play area, tiki beach bar, & so much more. Rental income potential is a big drawing card for Boardwalk Beach Resort Buyers. The Convention Center sponsors events that bring guests to Boardwalk Beach & its reputation with the vacationers brings repeat & new guests every year. Boardwalk as a development has a great aesthetic and is located across from a golf course on a palm tree lined boulevard. All measurements & information is deemed reliable but should be verified if important.

9450 S Thomas Drive Unit 509, Panama City

$260,000
1 Beds 2 Baths 777502 MLS
This beautiful and spacious one bedroom unit at Laketown Wharf comes with bunk beds and two bathrooms. The living area and balcony overlook the lake and fountain which is peaceful. The main attractions to Laketown Wharf are the resort style amenities, onsite restaurants, a short walk across the street to the beach and convenient walkable shopping/attractions/dining. The units were built in 2007 making them some of the most modern on the beach. The unit can sleep and accommodate 6 people comfortably for seating/dining. The open floor plan and kitchen island allow for a great space for all to congregate together. Having two full bathrooms is a plus. The amenities onsite include convenient beach access, five pools (one heated) with large sunning decks, lakefront seating, 2 huge hot tubs, kiddie pool, multiple on-site restaurants, a putting green, and a fully equipped fitness center that overlooks the Gulf! Restaurants in the complex include: The Wharf Seafood Buffet, Juan Taco, The Bun Lab and In Cahoots, You'll also enjoy the nightly Fountain & Light Show & market shops along the 52,000 square feet of Lakefront Boardwalk including a Bowling and Billiards venue. It's conveniently located across the street from Walmart, Waffle House and Pineapple Willy's. It's withing walking distance of Ripley's Believe it or Not, Wonder Works, Signal Hill Golf Course, Race City Go Karts and Pirate's Island Adventure Golf. Rental History from Vacasa is attached in the documents section. The sellers are selling two rental units: 936 and 714. They will give a discount if someone purchases both. Schedule your showing today!

9902 S Thomas Drive Unit 936, Panama City

$2,875,000
6 Beds 5 Baths 769495 MLS
Gulf-Front Oasis with Private Saltwater Pool & Excellent Rental Income! This stunning 6-bedroom, 4.5-bath beachfront home offers the ultimate luxury coastal living experience, sitting directly on the sugar-white sands of Panama City Beach--zero steps to the beach! With approximately 2,850 sq. ft., this beautifully designed home provides expansive Gulf views from nearly every room. The open-concept floor plan features a nice kitchen and a spacious living room and dining area, perfect for large gatherings. The living area is bright and airy, with large windows that capture breathtaking sunset views over the Emerald Coast. The two king bedrooms on the main floor are en suite. Upstairs, the four bedrooms offer ample space for guests, each designed with comfort and relaxation in mind; they provide flexibility for families or rental guests, ensuring everyone has their own space to unwind. Step outside to over 1,800 sq. ft. of outdoor decking, including 450 sq. ft. of covered space, ideal for enjoying the soothing sound of the waves or escaping the midday sun. The private saltwater pool is the perfect place to cool off while taking in the unobstructed views of the Gulf of America. With ample parking for boats, motorcycles, or RVs, this home is designed for both relaxation and adventure. Whether you're looking for a primary residence, vacation home, or a high-income rental investment, this property delivers! Proven rental history makes it a turnkey investment opportunity, generating strong and consistent revenue. Located on Surf Drive, this home is just steps from Captain Jack's Crab Leg Buffet and minutes from some of the area's best dining and entertainment, including Schooner's, Grand Marlin and Captain Anderson's. Enjoy easy access to St. Andrews Bay, Shell Island, fishing charters, golf courses, and family attractions. This is your chance to own a piece of paradise on Panama City Beach--schedule your private showing today! $352263 on the books for 2025 and $340000+ for 2026 and over $100000 for 2027 (as of July 9, 2026)

8205 Surf Drive, Panama City

$286,750
1 Baths 754953 MLS
*The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors will feature distinctive industrial-style residential lofts, thoughtfully designed for both investors and those seeking upscale downtown living. Each residence showcases nearly 12-foot ceilings, polished concrete floors, and open, contemporary layouts that highlight the authentic character of loft-style spaces. Construction is currently underway, offering a rare opportunity to secure a residence in one of the area's most exciting revitalization projects, with an anticipated completion in April 2026. Step outside and enjoy immediate access to the vibrant atmosphere of Harrison Avenue, where boutique shops, art galleries, coffee houses, breweries, and entertainment venues create a dynamic downtown experience just steps from your door. Blending timeless architecture with modern design and community-centered living, The Mashburn Building is poised to become one of Downtown Panama City's most sought-after addresses. Reserve your loft today. *Disclaimer:* The renderings provided are for illustrative purposes only and may not represent the final product. Certain features, finishes, and details shown may include optional upgrades that are not included in the standard offering. Actual specifications, materials, and layouts may vary. Please consult with the builder or sales representative for complete details regarding available options and standard features.

436 Harrison Avenue Unit 12, Panama City

$357,150
1 Baths 771029 MLS
*The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors will feature distinctive industrial-style residential lofts, thoughtfully designed for both investors and those seeking upscale downtown living. Each residence showcases nearly 12-foot ceilings, polished concrete floors, and open, contemporary layouts that highlight the authentic character of loft-style spaces. Construction is currently underway, offering a rare opportunity to secure a residence in one of the area's most exciting revitalization projects, with an anticipated completion in April 2026. Step outside and enjoy immediate access to the vibrant atmosphere of Harrison Avenue, where boutique shops, art galleries, coffee houses, breweries, and entertainment venues create a dynamic downtown experience just steps from your door. Blending timeless architecture with modern design and community-centered living, The Mashburn Building is poised to become one of Downtown Panama City's most sought-after addresses. Reserve your loft today. *Disclaimer:* The renderings provided are for illustrative purposes only and may not represent the final product. Certain features, finishes, and details shown may include optional upgrades that are not included in the standard offering. Actual specifications, materials, and layouts may vary. Please consult with the builder or sales representative for complete details regarding available options and standard features.

436 Harrison Avenue Unit 5, Panama City

$705,000
4 Beds 3 Baths 755465 MLS
**Luxury Living in Candlewick: A Prestigious Retreat Near the Water** Discover unmatched elegance in the esteemed Candlewick subdivision, where this newly constructed residence merges luxury with serenity, perfect for those seeking a high-end second home in Florida or a permanent abode. Just a short stroll from the water, this home boasts 4 stunning bedrooms, 3 opulent bathrooms, and two fireplaces, set under lofty ceilings that amplify the sense of space and luxury. At the heart lies a gourmet kitchen, a haven for culinary enthusiasts, outfitted with top-of-the-line stainless steel appliances, a grand island with a chic gold sink, state-of-the-art microwave, oven, double fridge, and a commercial-grade gas cooktop with 6 burners, making it an entertainer's paradise. The grand master suite is a realm of tranquility, featuring expansive dual walk-in closets, a decadent soaking tub, and a spacious shower with seating, complemented by multiple shower heads, including a rain shower for the ultimate spa-like experience. The home also includes a plush junior master suite with an ensuite bath, two more generously sized bedrooms, a substantial laundry room complete with a pantry, and versatile bonus rooms that adapt to your lifestyle needs. The outdoor area, with its vast backyard and charming sunroom, provides a tranquil haven for relaxation or hosting gatherings. Nestled near serene waters yet not directly waterfront, this home offers privacy and exclusivity, high-end finishes, untouched living spaces, and an exclusive opportunity for those seeking the pinnacle of Florida living in a high-market locale. Discover your next extraordinary getaway or forever home in this magnificent Candlewick estate.

1305 Kristanna Drive, Panama City

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