Above $5 Million Panama City Beach FL Real Estate, Homes, Condos for Sale

Multi-parcel site includes a 11,580 SF showroom/flex facility with a 35-space parking lot. Site is adjacent to Walmart Super Center on Front Beach Road Zoned Commercial-High intensity Over 5,000 condo units within .35 miles and less than 5 miles to the beach

Churchwell Drive, Panama City Beach

$5,700,000

12 Beds ⋅ 16 Baths ⋅ 794502 MLS

The opportunity you've been waiting for has arrived. This extraordinary Gulf-front property on the desirable West End of Panama City Beach offers a rare combination of substantial construction, direct beach access, luxury coastal living, and proven income-producing potential, all just a short drive from iconic 30A no HOA restrictions! Built with longevity in mind, this impressive beachfront building features concrete construction, metal studs, a tile roof, and stucco exterior, providing a level of stability and quality that sets it apart from typical coastal properties. The building consists of three individual income-producing residences, each offering approximately 2,500 square feet with 4 bedrooms and 4.5 bathrooms. One private residence occupies each of the second, third, and fourth floors, creating an exceptional opportunity to own an entire Gulf-front building with three separate luxury rental units and multiple income streams. Each residence features two oversized Gulf-front balconies with panoramic views of the emerald waters, sugar-white sand, and unforgettable sunsets. Walls of glass fill the interiors with natural light while showcasing uninterrupted Gulf views throughout the living spaces. Inside, each residence is thoughtfully designed for both luxury and functionality. Gourmet kitchens feature custom wood cabinetry, extensive granite countertops, premium stainless-steel appliances, generous preparation space, and elegant wet bars with dedicated wine storage. The outdoor amenities make this property equally impressive. A large, covered entertainment area provides plenty of space for guests to gather and relax while enjoying the private pool and hot tub. From there, private beach access leads directly to the Gulf of America, creating the complete beachfront experience for owners and rental guests alike. Whether you're looking for a high-quality Gulf-front investment with three individual income-producing residences, a multi-generational coastal retreat, or the rare opportunity to own an entire beachfront building, this property delivers. With its concrete construction, metal studs, direct Gulf frontage, resort-style amenities, West End Panama City Beach location, and convenient access to 30A, opportunities like this are exceptionally difficult to find.

21523 Front Beach Road, Panama City Beach

$6,295,000

10 Beds ⋅ 11 Baths ⋅ 787189 MLS

back on the Market and ready for the Summer, fully booked. Looking for the right Gulf Front Beach Home, you just found it in this Majestic New Gulf Front Home on Oleander Drive, this Fabulous Beach House is on 30aescapes rental program and is one of the top booking homes. The house is called Jewel Of Oleander and the name says it all. This new construction home features 8 bedrooms of which 4 are gulf front and 2 bunk room and sleeps 36 and booked solid for 2025 and already booked up for 2026. The first-floor features 12' ceilings and a great open floor plan, living room with a fire place that opens up a massive pool deck and outdoor kitchen area. with access to the Beach. The first floor also has a bedroom with En Suite Bath, Game Room, and elevator and features Thor appliances. The second-floor features 2 Gulf Front Bedrooms, both with En Suite Baths, two additional bedrooms, baths along with a bunk room and a din area. The Third-floor features 2 master suites with baths and another living Room along with a Bunk Room off the living area. This beautiful home has plenty of break out areas as it has three large decks and an oversize Gulf Front Pool with plenty of parking for up to 9 cars, Audio on every balcony and pool area and an outdoor kitchen with over 550,000 in projected income for 2026, Income history, bookings and projections are available in the document section.

13401 Oleander Drive, Panama City Beach

$5,975,000

782836 MLS

Rare opportunity to acquire a truly unique, industrial warehouse, tallest in the county adding ex located within Beach Commerce Park in Panama City Beach, Florida. Offered at $5,975,000, this owner-occupied facility can be vacated at closing, making it ideal for an owner-user or investor seeking an irreplaceable industrial asset. What sets this property apart is its extraordinary clear height, measuring approximately 48 feet at the center of the building and approximately 41 feet at the lowest point, far exceeding standard warehouse heights in the surrounding market. Typical industrial buildings in the area range from 18-24 feet clear, with newer construction rarely exceeding 30-32 feet. This dramatic vertical advantage creates exponentially more usable storage volume, allowing for high stacking, specialized racking systems, and operational efficiencies that simply are not possible in conventional warehouses. The building features a large clear-span layout, steel-frame construction, concrete slab foundation, metal panel exterior, and multiple overhead roll-up doors to support logistics, distribution, storage, or light industrial use. The property is situated within an established industrial park with excellent access and circulation, making it suitable for a wide range of warehouse users seeking scale, flexibility, and long-term functionality. This is a one-of-a-kind warehouse offering for the Panama City Beach market, replacement cost and zoning constraints make replicating this building height extremely unlikely. Buyer to verify all dimensions and specifications.

109 Estes Place, Panama City Beach

$5,000,000

4 Beds ⋅ 4 Baths ⋅ 768918 MLS

Classic, distinguished concrete Gulf Front home on a 55 linear foot beach lot (.33 acres) with a private beach walkover in the gated community of Carillon Beach. Maintenance free, beautifully landscaped front yard with charming gazebo. The three-story home has 4 bedrooms and 4 baths, hardwood floors throughout, fireplace and a garage for 3 vehicles and 2 golf carts along with a large enclosed storage space. It is accented with expansive covered porches with approved hurricane shutters. Master bedroom and bath, living and dining spaces encompass the entire southern beachside exposure. Abundant Gulf views from all areas. With Carillon Beach Design Review approval, property allows the addition of a guest house and pool. Sold As Is with small exclusion list. As Is contracts only.

310 Beachside Drive, Panama City Beach

$6,000,000

5 Beds ⋅ 6 Baths ⋅ 750574 MLS

LISTED FOR COMP PURPROSES ONLY. Beach homes like this well-maintained, stunning CB/stucco gulf-front beauty in gated Carillon Beach rarely come available on the open market. Boasting 5 BR, 5 1/2 baths Wooden Shoe, so named by its Dutch owners, sits high atop the dunes and offers multiple stunning gulf views. Open floor plan with expansive kitchen featuring Viking appliances and ample cooking/dining space. There is an elevator and separate living space w/ wet bar and ice-maker on the ground level. Has new roof & gutters. Confirmed rental bookings to date for 2021 total 238k. Space to build guest house and/or swimming pool, subject to approval of CB Design Review Board. Carillon Beach is a quaint, gated, New Orleans style enclave featuring 3900 linear feet of never-crowded, semi-private white sandy beach on the gulf.

402 Beachside Drive, Panama City Beach

$19,000,000

780378 MLS

The Phillips Portfolio represents a once-in-a-generation opportunity to invest in one of America's most dynamic growth markets. The Portfolio has been strategically assembled to include an inventory of 43 high-value assets. These assets span across Northwest Florida and include residential, commercial, and industrial assets. Structured with current income-producing, in-process development parcels and greenfield land opportunities. The Phillips Portfolio offers above-market return opportunities across the immediate, medium, and long-term investment horizons. Inquire with Listing Agents for full portfolio information. The Kukla property represents one of the last large acreage development opportunities along the NWFL Gulf Coast. Located in the heart of Panama City Beach, this +/-28ac property has frontage along Front Beach Rd (Scenic Hwy 98), Clara Ave, Hutchison Blvd, and Lyndell Lane. The property represents a tremendous opportunity for Build-to-Rent, Resort RV Park, or a myriad of other mixed-use development opportunities. Ideal zoning, proximate to tourism/commercial amenities, schools, and the beaches of Panama City.

12610 Front Beach Road, Panama City Beach

$5,200,000

5 Beds ⋅ 5 Baths ⋅ 779724 MLS

Stunning Gulf Front Single-Family Home in Carillon Beach. Just three miles from Rosemary Beach, this dream home offers the perfect blend of luxury, comfort, and breathtaking views. With 5 spacious bedrooms, 4.5 baths, and a host of premium features, this gulf front property is a true gem. Key Features: - Master Suite: Located on the third floor, the master suite features expansive gulf views, dynamic vaulted ceiling, and a large private porch, perfect for enjoying serene sunsets and the sound of the waves. - Second Master Suite: The 2nd bedroom, located on the main floor (second floor), serves as a second master suite, offering extra space and privacy for guests or family members, and its' own private balcony. - Additional Bedrooms: The 3rd floor includes two more bedroomsa whimsical bunk room with a loft built like a ship, perfect for children or adventurous guests, and a spacious queen bedroom for comfort and relaxation. - Living and Dining Area: The main floor features a spacious kitchen, living and dining open floor plan with stunning gulf viewsperfect for entertaining and walking out onto the huge gulf front porch. - Extra Den: The ground floor offers an additional den, ideal for a home office or media room. - Laundry: This home offers two convenient laundry areasone on the top floor and another on the ground floor, providing added convenience for families or guests. - New Appliances: The home is equipped with all-new, high-end appliances, including a Sub-Zero refrigerator, a Bosch dishwasher and a Café 30 convection range ensuring both style and functionality in the kitchen. - Garage: The ground floor includes a 1-car garage for added storage and parking. - Room for Expansion: The property also has ample space to build a guest house with a garage, offering even more flexibility for family, guests, or rental opportunities. - Impeccable Condition: The current owner has meticulously maintained the property, ensuring it is move-in ready! Community Amenities: - Highest Gulf Front Elevation: Enjoy one of the highest gulf front elevations in Carillon Beach, offering unparalleled views and peace of mind. - Gated Community: Feel secure with 24/7 access to this exclusive, gated neighborhood. - Pools: The community features three pools, including one beachfront pool, perfect for relaxing or enjoying a swim. - Private Beach: Stroll along the 1-mile-long private beach, renowned for its powder- white sand and crystal-clear ''Windex blue'' waters. - Sports & Recreation: Take advantage of the community's pickleball courts, tennis courts, basketball court, and playground. - Restaurants and Shopping: Carillon has restaurants, shopping and a downtown area offering live music, great food and a community open space located on Lake Carillon perfect for spending time with neighbors and friends. - Prime Location: Located just three miles from Rosemary Beach and right next to scenic 30A, you are near all the action but can still enjoy a quiet, private expansive beach. Do not miss the opportunity to own this stunning gulf front home. Contact me today to schedule a viewing and make this paradise your own!

312 Beachside Drive, Panama City Beach

$4,500,000

747054 MLS

Presenting a prime commercial real estate opportunity: A spacious 33,000 SQ. FT. building nestled on an expansive 3.5-acre lot, boasting an impressive 225' of frontage along the prestigious Panama City Beach Parkway. This property offers unparalleled visibility and effortless accessibility, thanks to its strategic location with direct access via the Parkway, a convenient median cut, and an additional rear entrance accessible from Ashley Drive within the esteemed Beach Commerce Park. Constructed in 1996, this versatile building holds a dual zoning status, with a commercial designation for the front portion and a Light Industrial zoning for the rear. Inside, you'll find a generous 16' eave height, perfectly suited for various business needs. For logistical ease, the property features 3 loading bays, each equipped with 14' x 16' roll-up doors. Moreover, a substantial 20' x 16' loading door with a ramp enhances accessibility on the Northside.

17500 Panama City Beach Parkway, Panama City Beach

$10,250,000

778253 MLS

57,328 SF Distribution Center on 4.5 acres with 5,000 SF of offices and showroom. Loading docks with two dock high14-foot roll up doors and two ground level 14-foot overhead doors Built to Suit in 2020 by Reliant South Contractors with full set of construction plans on hand. Available For Lease June 1, 2026 $14 SF NNN Currently occupied / shown by appointment only. Photos and plans available on request

17684 Cordova Place, Panama City Beach

$14,000,000

675020 MLS

124 Acres on West Bay in Panama City Beach - ''The Oak Grove on West Bay''. Located on the east-side of Colony Club & Trieste neighborhoods & the Legacy Golf Club (f/k/a Holiday Golf Course). Over 1,200 feet of waterfrontage on West Bay with expansive views across the Bay. It is comprised of 3 parcels; A=59.9 Acres on West Bay, B=60.1 Acre interior parcel and C=4.4 Acre parcel on West Bay and accessed via Moonlight Bay Drive. The sellers will not subdivide. The primary access is via the Clara Avenue extension, which is a 100' right of way, now paved close to the south property line. The site has been annexed into the City of Panama City Beach & zoned P.U.D. & Conservation. The highest-and-best use is residential &/or resort. Conceptual site plans, wetlands delineation, surveys and maps are attached. Call for detailed information & to setup a tour.

000 Clara Avenue, Panama City Beach

$6,500,000

746125 MLS

7 Acres in the Heart of Panama City Beach located across from Signal Hill Golf Course. Prime location for a hotel, multifamily development or resort. Almost 900 feet along North Lagoon, you are less than 1500 feet to the beach. This property is located in the Tourist District and is zoned Commercial High Intensity. The property can be developed for up to 200 hotel rooms or 74 townhome units. Conceptual Renderings are available. Topographical and Boundary Survey on file.

9129 N Lagoon Drive, Panama City Beach

$6,250,000

760263 MLS

NEW DEVELOPMENT OPPORTUNITY. Being sold for land value only. All structures are in the process of being torn down and removed (Completion approx. September 15, 2026). Possible short-term Owner Financing available with substantial down, credit check, etc. Spectacular opportunity to own a large piece of waterfront property sitting directly on the GULF OF AMERICA! Located in the heart of Panama City Beach, this 184' of prime GULF FRONT property offers lots of options for re-development. Currently zoned CH (Commercial High Intensity...the same as condos), it will allow for new construction up to 120' in height (must be verified). Located next to Senor' Frog's Restaurant, it is 1/2 mile from Pier Park and the brand-new TOP GOLF, and just 1 mile from Dolly Parton's Pirates Voyage Dinner Theater. There is a concrete seawall in place allowing any new construction to use as much of the existing site as permitting will allow. Call today to view this fabulous development opportunity. All meas. and information to be verified.

14929 Front Beach Road, Panama City Beach

$6,500,000

746124 MLS

7 Acres in the Heart of Panama City Beach located across from Signal Hill Golf Course. Prime location for a hotel, multifamily development or resort. Almost 900 feet along North Lagoon, you are less than 1500 feet to the beach. This property is located in the Tourist District and is zoned Commercial High Intensity. The property can be developed for up to 200 hotel rooms or 74 townhome units. Conceptual Renderings are available. Topo and Boundary Survey on File.

9129 N Lagoon Drive, Panama City Beach

$6,100,000

773265 MLS

Strategically positioned with high visibility at the lighted intersection of Hutchison Boulevard (Middle Beach Road) and Richard Jackson Boulevard. Adjacent FDOT AADT counts of +/-22,000 & +/-44,500. The combined square footage totals +/-40,113 positioned on a 2.86 Acre parcel with a 3:100 parking ratio and multiple access points. The property is home to a strong tenant mix and benefits from its proximity to major resorts, golf courses, residential developments and entertainment destinations. Located .25 miles from the beach and 3.5 miles from Pier Park, the site enjoys year-round traffic driven by tourism and a fast growing local population.

415 Richard Jackson Boulevard, Panama City Beach

$5,000,000

4 Beds ⋅ 4 Baths ⋅ 768918 MLS

Classic, distinguished concrete Gulf Front home on a 55 linear foot beach lot (.33 acres) with a private beach walkover in the gated community of Carillon Beach. Maintenance free, beautifully landscaped front yard with charming gazebo. The three-story home has 4 bedrooms and 4 baths, hardwood floors throughout, fireplace and a garage for 3 vehicles and 2 golf carts along with a large enclosed storage space. It is accented with expansive covered porches with approved hurricane shutters. Master bedroom and bath, living and dining spaces encompass the entire southern beachside exposure. Abundant Gulf views from all areas. With Carillon Beach Design Review approval, property allows the addition of a guest house and pool. Sold As Is with small exclusion list. As Is contracts only.

310 Beachside Drive, Panama City Beach

$6,000,000

5 Beds ⋅ 6 Baths ⋅ 750574 MLS

LISTED FOR COMP PURPROSES ONLY. Beach homes like this well-maintained, stunning CB/stucco gulf-front beauty in gated Carillon Beach rarely come available on the open market. Boasting 5 BR, 5 1/2 baths Wooden Shoe, so named by its Dutch owners, sits high atop the dunes and offers multiple stunning gulf views. Open floor plan with expansive kitchen featuring Viking appliances and ample cooking/dining space. There is an elevator and separate living space w/ wet bar and ice-maker on the ground level. Has new roof & gutters. Confirmed rental bookings to date for 2021 total 238k. Space to build guest house and/or swimming pool, subject to approval of CB Design Review Board. Carillon Beach is a quaint, gated, New Orleans style enclave featuring 3900 linear feet of never-crowded, semi-private white sandy beach on the gulf.

402 Beachside Drive, Panama City Beach

$6,250,000

7 Beds ⋅ 12 Baths ⋅ 738976 MLS

Brand New Exclusive Luxury Beach House with tons of amenities. This luxury Custom Built Gulf Front Cedar home was built for a developer as his private home and is one of a kind with everything from Gas Lanterns on the Foyer Entry to travertine tile on pool deck, custom pool with Swim up Bar and built in hot tub. The Great Room living area has a Wine Cooler & over 100 bottles of wine as well as a fireplace & Custom Bar with multiple light countertops, The Kitchen has two dish washers and two sinks with Wolf Appliances. Custom cabinets in kitchen are second to none. This 7-bedroom, 8 full bath and 4 1/2 baths also have a full gym on the fourth floor and as well a outdoor bath and shower with walkover to the beach.

21717 Front Beach Road, Panama City Beach

Browse All Panama City Beach FL Above $5 Million Properties for Sale

Above $5 Million Panama City Beach Real Estate