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

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Newest Panama City, FL Homes for Sale

$415,000
3 Beds ⋅ 3 Baths ⋅ 768813 MLS
Rare opportunity to own a spectacular turn key 3 bedroom plus bunk room with window and closet, 3-bathroom condo in the coveted Laketown Wharf condominium, perfectly positioned in the heart of Panama City Beach, Florida. This beautifully appointed end unit has been thoughtfully updated with new paint and flooring creating a modern and inviting atmosphere. This condo features two luxurious master bedrooms with private access to a spacious wraparound balcony, allowing you to soak in stunning views and gentle ocean breezes. This property is designed for both relaxation and entertainment. In addition to the master suites, you'll find a charming room with a built-in bunk bed and a spacious closet, perfect for kids or guests, and another inviting room that shares a large bathroom with that room. The layout is ideal for creating lasting memories with family and friends or capitalizing on its current success as a vacation rental or second home. Laketown Wharf boasts an impressive array of amenities, including **five stunning pools** where you can take a refreshing dip or lounge under the sun. You'll also enjoy exclusive access to the beach with the **private beach access **, just steps from your door, perfect for swimming, sunbathing, or leisurely strolls along the shoreline.For those who love convenience, the property offers an array of **shops and restaurants**, all within easy reach, elevating your vacation experience. Whether you're craving seafood, local cuisine, or a quick snack, you're just a walk away from satisfying your appetite. Plus, with **Walmart directly across the street**, daily necessities are never out of reach, making your stay even more effortless. With easy access and no need for an elevator, this end unit condo is a practical choice for families and vacationers alike. Ample parking is conveniently located close to your unit, ensuring hassle-free arrivals and departures.Invest in this exceptional condo at Laketown Wharf and enjoy the best of coastal living, whether as a personal retreat or a lucrative vacation rental. This rare offering won't last long—schedule your private tour today and step into your dream lifestyle by the beach!With easy access and no need for an elevator, this end unit condo is a practical choice for families and vacationers alike. Ample parking is conveniently located close to your unit, ensuring hassle-free arrivals and departures.Invest in this exceptional condo at Laketown Wharf and enjoy the best of coastal living, whether as a personal retreat or a lucrative vacation rental. This rare offering won't last long—schedule your private tour today and step into your dream lifestyle by the beach!

9860 S Thomas Drive Unit 101, Panama City
$249,900
3 Beds ⋅ 2 Baths ⋅ 777141 MLS
Set on a generous lot with mature trees and no neighbors crowding your backyard, this home offers the kind of privacy and breathing room that's hard to find. Inside, you'll be greeted by fresh paint, updated LVP flooring, and a wide-open living and dining area perfect for gathering with family or watching the game with friends. The kitchen keeps it classic with a clean, functional layout and ample cabinet space. You'll find three spacious bedrooms, including a large primary suite with room to unwind at the end of the day. Bonus points for the oversized covered carport and extra storage space! Bring your boat, your tools, your toys ... there's plenty of room for all of it. Whether you're looking to plant roots or pick up a solid rental investment, 2811 E 13th is a dependable choice with room to grow. No HOA, no nonsense - just good bones and great potential. Tucked into the heart of Panama City, just a short drive from Tyndall Air Force Base, schools, shopping, and the revitalized downtown district. Priced to sell fast! Call a Realtor & see it today!

2811 E 13th Street, Panama City
$135,000
1 Beds ⋅ 1 Baths ⋅ 767953 MLS
Don't miss this adorable 1 bedroom, 1 bathroom 1922 cottage that has been used as a short term rental, but could also be a great home as well. It comes fully furnished with everything needed to rent it. You'll enjoy the leather couches with recliners built in, smart tv, updated lighting, kitchen with cook top, refrigerator, table top microwave, coffee maker and toaster oven. The eat in kitchen also comes with a pub top table and 4 stools. There is a full size platform bed in the bedroom along with a small closet and barn doors that lead to the bathroom. It has a single vanity and tub/shower. Shower total height is less than 6' so please make note of that. In the laundry room there is a combination washer/dryer that comes with the home. The front porch is perfect for a table and chairs and there is a single paver driveway for parking. There is no backyard, the lot ends at the back steps, but there is yard on either side of the home if needed for pets. The metal roof was installed in 2023. The water heater and a/c are approximately 8 years old. The airbnb rentals bring in approximately $15K annually. The neighborhood is updated and location is close to downtown. All measurements are approximate. This home is being sold As Is and for Cash only. There are exceptions on the title insurance due to a lapse in a portion of the deed and also the survey showing a legal description that is lacking a portion of the property. Look at the attached survey and call for an explanation. Make your appointment to see this cute house today!

222 N Sherman Avenue, Panama City
$330,000
1 Beds ⋅ 2 Baths ⋅ 773415 MLS
SELLER SAYS BRING ALL OFFERS!!! Completely Renovated Condo in the Highly Desired Largo Mar! Experience coastal living at its finest in this fully renovated condo, just steps from the world's most beautiful beaches! Enjoy the refreshing Gulf breezes and partial water views from your private balcony on the main level. This thoughtfully updated unit features a two-story layout with the main living area on the second floor and a spacious bedroom with a full bathroom on the top level. The bedroom also includes its own private balconyâ''perfect for morning coffee or evening sunsets. Recent updates include new balconies, sliding doors, and windows throughout. Largo Mar is a gated, Gulf-front community offering private beach access, a pool, hot tub, outdoor shower, shuffleboard, clubhouse, and more. Whether you're looking for a primary residence, vacation getaway, or a short-term rental opportunity, this property is a perfect fit.

5717 Thomas Unit C146, Panama City
$559,000
4 Beds ⋅ 3 Baths ⋅ 776778 MLS
*Sellers offering $5,000 towards the interest rate buy down saving you thousands!!**** Home is Wheelchair accessible from the front door entrance, the garage door entrance, and the patio area. Crafted by the renowned Koehnemann Construction, this beautiful home in the coveted ''The Woods Phase 3'' community offers a true suburban retreat on a generous half acre lot. The professionally landscaped grounds create a serene backdrop for relaxing and entertaining, while the fenced backyard complete with patio and screened back porch provides an inviting outdoor oasis. Inside, you'll find four bedrooms and three full bathrooms. A cozy den and a spacious family room offer comfortable gathering spaces, while a bright breakfast nook and a grand dining room provide plenty of options for both casual meals and formal entertaining. The large primary suite includes its own exit to the backyard, and both the living room and dining room open onto the patio and back porch as well, creating seamless indoor-outdoor flow throughout the home. This property has been meticulously updated over the years: fresh interior paint and granite kitchen countertops in 2016, a new roof in 2018, updated carpeting and flooring in 2019, replacement windows and doors in 2022, a new air conditioning unit and hot water tank in 2023, and, as recently as 2025, a termite inspection and the addition of the screened back porch ideal for year round enjoyment. Beyond your doorstep, neighborhood parks, trails, and local amenities enhance the outdoor lifestyle this home supports. With convenient access to Highway 390 (1.8 miles), Highway 98 (1.5 miles), US 231 (2.5 miles), and Panama City Beach's world renowned sugary shore just 11 miles away, everyday errands and weekend adventures are at your fingertips. The highly motivated sellers have shared many wonderful memories in this community and have enjoyed their dynamic home.. They are excited to leave this beautiful home to the future owners. Contact your favorite Realtor today to schedule a tour and discover why this could be your next home.

501 Wood Trail, 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
$315,000
4 Beds ⋅ 4 Baths ⋅ 777541 MLS
INVESTMENT OPPORTUNITY - DUPLEX FOR SALE! This 2007 duplex includes both units 3615 and 3617 in the sale. Each side offers 2 bedrooms, 2 bathrooms, a vaulted ceiling, a laundry room, and an open floorplan. Situated on a 70x126 lot, the property features a driveway for each unit, a large divided backyard, and an open patio. With good rental history, this property works equally well as a full investment or a home with income potential. It is also centrally located for quick access to Panama City and Callaway amenities, shopping, dining, and schools. Don't miss this opportunity—call today to schedule your preview!

3615 Eagle Lane Unit A&B, Panama City
$459,000
3 Beds ⋅ 2 Baths ⋅ 777802 MLS
The Woods Subdivision is a highly desirable location in the heart of Panama City. Just two minutes to 23rd Street where you can reach restaurants, shopping, banks, doctors, etc., or Baldwin Road to Hwy 77 or Publix in Sweet Bay. This all-brick home has been very well maintained, and you'll love the newer (2015) full-sized garage out back with power outlets, lighting, work bench, and parking for two vehicles. The large backyard allows for the addition of a swimming pool but also has a covered porch to enjoy your morning coffee. As you walk through the front door, you'll enter the family room with beautiful brick fireplace, custom built-ins, plug-n-play surround sound, and a separate formal dining area. The large kitchen has abundant cabinets for storage, counter height bar for stools, a built-in desk, and a breakfast nook. Behind the kitchen is a generously sized laundry room, with cabinets and large counter, that leads out to the main oversized garage with more cabinets. The master suite is off from the kitchen and has a large sleeping area, a super-sized walk-in closet, and a beautiful bathroom with double vanities including make-up area, large jacuzzi tub, and separate shower. This split design offers two more bedrooms with large closets on the opposite side of the family room as well as a full-sized bathroom. Included in the sale are all kitchen appliances including refrigerator, front-load washer and dryer, 2'' horizontal blinds throughout (2022 & 2024), exterior glass doors (front & inside garage doors), electric fireplace/logs insert (2019), and newer roof with safety features that lower insurance premiums. Separate irrigation meter installed for lower water bills. Zoned HVAC with three thermostat controls for ultimate comfort and UV light for better air quality. Schedule your showing today.

2513 Parkwood Drive, Panama City
$465,000
4 Beds ⋅ 4 Baths ⋅ 771612 MLS
No HOA. Income potential. Move-in ready. This beautifully refreshed home features a brand-new kitchen with quartz countertops, brand new appliances , cabinets and fresh interior paint, creating a bright, modern feel from the moment you walk in. A standout feature is the separate mother-in-law suite currently operating as a successful Airbnb--perfect for generating extra income, hosting guests, or creating a private space. Enjoy a large backyard with plenty of room to relax, entertain, or make it your own. Ideally located just 2 minutes from the Navy base and 2 minutes from Patronis Elementary School, offering convenience for both work and everyday living. A rare opportunity to own a home that offers both comfort and income potential--all in one.

2110 Pebble Beach Place, Panama City
$175,000
3 Beds ⋅ 2 Baths ⋅ 772133 MLS
🔥 FINAL OPPORTUNITY - BUILDER CLOSEOUT PRICING 🔥 One of the last remaining units from a successful 8-unit new construction project -- originally used as the showcase/showroom home for the development. After all the other units were sold, the builder has now repositioned this final opportunity to an extremely competitive price: only $178,000. This brand-new home offers exceptional value rarely found in today's market for new construction. Featuring 2 bedrooms, 2 full bathrooms, plus a flexible bonus room ideal for a home office, nursery, guest room, or small third bedroom. Built with quality and durability in mind, including 2x6 exterior walls, 9-ft ceilings, and double-insulated 8-inch dividing walls for superior sound reduction and energy efficiency. Interior finishes include waterproof 12-mil LVP flooring, quartz countertops, plywood cabinetry, and modern fixtures throughout. Exterior features include a fully sodded yard and concrete driveway with parking for 2 vehicles. Conveniently located near Tyndall AFB, shopping, schools, restaurants, and the beautiful beaches of Panama City. This is a rare chance to purchase a brand-new construction home at a price point that is becoming nearly impossible to find. Excellent opportunity for first-time buyers, long-term rental investors, or anyone looking for low-maintenance new construction at an aggressive price. Easy to show.

3207 E 2nd Place, Panama City
$399,000
6 Beds ⋅ 3 Baths ⋅ 778429 MLS
PRICE DROP- MOTIVATED SELLERS! Accepting all offers until July 7th. Bring your best offer. Calling Visionaries - Historic Home Ready for Full Renovation. More than just a home, this victorian inspired-style property is the opportunity to create your own vision while maintaining a piece of authentic Florida history. Built at the turn of the 20th century, it has had a succession of eminent owners and custodians over the past 125 years, each contributing to its character while retaining its historic distinction. Heralded as one of the ''finest Victorian eclectic-style houses in Panama City,'' it is probably the only Folk Victorian home on the market in the city. This beautiful treasure stands proudly on an expansive quarter-acre corner lot beneath mature live oaks draped with trailing Spanish moss. Just a short walk from St. Andrews Bay, this remarkable home boasts water views from the second floor. Traditional balconies and porches provide generous areas for relaxing, reading, and entertaining, with fresh breezes enhancing the alfresco lifestyle. The first floor has been taken down to the studs and is ready for your vision, while the generous living spaces and multiple sleeping accommodations make this grand home versatile--ideal for a multi-generational family or a variety of other uses.The charming two-bedroom carriage house on the property provides a rental income potential from day one. The door opens into an open living room with wood flooring, a well-equipped modern kitchen, and a comfortable living room. Two bedrooms include a light-filled first-floor bedroom with large windows and a built-in closet. The second-floor bedroom oozes charm and character with skylight windows for stargazing and doors opening onto a small balcony. A modern bathroom with antique-style black fittings transitions old and new. Those looking for a prestigious home that's completely out of the ordinary with a legacy of history and opportunity will find this residence checks all the boxes. Located in the sought-after Beach Drive neighborhood, the home is currently pending a Historic Marker, requested by the Panama City Historic Society to be placed as part of the Sidewalk Improvement Project. This unique home is within easy walking distance to downtown coffee shops, restaurants, breweries, parks, festivals, and the farmers​​‌​​​​‌​‌​​​​‌‌​​‌‌​‌‌​​‌​​​‌​‌ market.

710 Moore Circle, Panama City
$195,000
3 Beds ⋅ 1 Baths ⋅ 767644 MLS
ATTENTION BUYERS AND INVESTORS ALIKE! Are you searching for a property to add to your rental portfolio or the perfect place to call home? Look no further than this traditional home located in the charming Sherwood subdivision. Upon arrival, you'll immediately notice the spacious fenced in corner lot with ample parking and a shed in the back yard. This home boasts three bedrooms and one bathroom, and a bonus room, providing ample space for your enjoyment. But that's not all! You'll find ceramic tile throughout the main parts of the home and LVP in the bedrooms. A metal roof was completed in 2019 and new HVAC installed in 2023! The location of this home is truly ideal for any buyer. Within close proximity, you'll find a variety of shopping, dining, and entertainment options, including the historic St. Andrews and the nearby Gulf Coast State College and Florida State University. And let's not forget to add that you're just minutes from the beautiful sandy white beaches of the Gulf of Mexico! This home truly offers the best of both worlds - a peaceful retreat, yet still conveniently located near the hustle and bustle of city life. This property is priced to sell and already has a solid rental history! With a little bit of love and your finishing touches this house is ready to add to your investment portfolio or become your new dream home!

3101 W 21st Court, Panama City
$359,900
2 Beds ⋅ 2 Baths ⋅ 759678 MLS
Beautifully Furnished Gulf-Front Condo Experience coastal living at its finest with this exquisitely furnished 2-bedroom, 2-bath condo overlooking the Gulf of Mexico. The unit features a Gulf-front master bedroom and a spacious balcony with views of the pool, making it an excellent rental opportunity. Inside, you'll find tile flooring throughout, elegant granite countertops, and modern updates including a brand new HVAC system, new refrigerator, new washer/dryer, and new Polywood patio furniture. The condo has been freshly painted and comes fully furnished, rental-ready, with future bookings already in place. The living room offers a sleeper sofa and an accent chair that converts to a twin bed, enhancing comfort and flexibility. Well-maintained and move-in ready, this condo is part of the Shores of Panama resort, which boasts an array of amenities including expansive beach frontage, a large lagoon-style pool, an indoor heated pool, a fitness center, a spa, a tiki bar & grill, an ice cream and coffee shop, and a variety of summer activities for all ages. Centrally located, the resort is close to shopping, dining, and entertainment options. Don't miss out on this exceptional property—call to schedule your visit today!

9900 S Thomas Drive Unit 1615, Panama City
$249,900
3 Beds ⋅ 2 Baths ⋅ 776354 MLS
Welcome to the ''Victoria'' floor plan! This beautiful 3 bedroom/2 bathroom NEW CONSTRUCTION home is conveniently located in NO HOA! Interior showcases 9ft ceilings, and luxury vinyl plank flooring throughout an open-concept split floor plan. Kitchen features quarts countertops, stainless steel appliances, and walk-in pantry overlooking the living room. Situated off the living room sits 2 secondary bedrooms and full guest bathroom featuring tub/shower combo. Situated off the kitchen sits the laundry room with backyard access; Master bedroom and en-suite featuring walk-in closet, tub/shower combo. Exterior showcases a large covered front porch perfect to sit back and unwind after a long day. Call to schedule your private showing today! All Measurements approx. buyer to verify if important.

1142 Mulberry Avenue, Panama City
$319,900
3 Beds ⋅ 3 Baths ⋅ 768089 MLS
Discover your ideal Panama City Beach retreat without the burden of high HOA fees with this charming home! This delightful 3-bedroom, 2.5-bathroom residence is ideally situated within walking distance to the beach making it the perfect match for your coastal living dream. Nestled on a prime corner lot, this property is a versatile gem ideal for Airbnb investment or personal use. The main level boasts an inviting open concept layout with stainless steel appliances, a spacious pantry, laundry room, and extra storage. Step upstairs to discover three bedrooms, including a master suite with a walk-in closet. The second bedroom features balcony access and charming views, while the third bedroom exudes comfort. With a sturdy metal roof above, this home is built to stand the test of time. The backyard deck has been recently updated, adding to the home's appeal. Additionally, the stairs and hallway upstairs now boast new Life proof floors. Experience the great neighborhood ambiance with attractions nearby, plus the convenience of extra parking and a designated dog-walking area. Don't miss out on this opportunity to own a home that combines proximity beach access with affordable ownership. Call now to book your private tour!

2201 Brooke Street, Panama City
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