Miramar Beach 1st Real Estate, Homes, Condos for Sale in Panama City Beach, FL

3 Beds ⋅ 2 Baths ⋅ 791996 MLS

ATTENTION 1031 EXCHANGE BUYERS, INVESTORS, DEVELOPERS, & DESIGN ENTHUSIASTS: This is not just a beach lot--it is an active, cash-flowing asset with massive structural equity and huge development upside. Located less than 400 feet from the sand in Panama City Beach proper (Miramar Heights) with protected, elevated Gulf views, this rare 0.24-acre double lot offers an immediate return on investment alongside future development flexibility. THE CASH FLOW & INVESTMENT: • Turnkey Revenue: Proven 4-year rental history averaging $3,425/month in gross income. • Immediate Income: Current reliable tenants are already in place, making this an ideal, seamless vehicle for 1031 exchange placement from day one. • The Layout: Set up as a highly functional, income-producing configuration featuring a 2BR/1BA main home plus a completely separate, private-entrance studio apartment with its own kitchen and full bath. THE ARCHITECTURAL VALUE: Forget cookie-cutter beach builds. The existing structure is a rare, mid-century modernist jewel built in the classic California Eichler style. It features stunning original terrazzo floors, striking tongue-and-groove cathedral wood ceilings, and timeless stucco construction. A preservationist's dream beach retreat or a luxury hybrid rental space with unparalleled character. THE DEVELOPER / ASSEMBLAGE OPPORTUNITY: Zoned R-1c and situated entirely in a preferred Flood Zone X (no flood insurance required by Lender!). Because the structure sits on an oversized double lot, there is an opportunity to be subdivided into two premium buildable lots with Gulf views. Crucially, this property is surrounded on all sides by vacant lots, creating a rare and highly lucrative potential assemblage play for an investor looking to capture a massive, continuous footprint on the quiet west end of PCB. Whether you choose to collect the steady $3,400+/month check, restore a mid-century modernist masterpiece with a resort-style pool yard, or leverage the surrounding vacant parcels for a major development play, the ceiling on this property is incredibly high. Sold as-is. Do not disturb tenants. Buyers to verify all dimensions and zoning specs.

253 Deermont Street, Panama City Beach

$375,000

791895 MLS

ONE BLOCK FROM THE BEACH!! Who WOULDNT want to build a custom home one block from the beach!? Grab your piece of Paradise before its gone! This blank lot is ready for someones non rental dream home! Live in a neighborhood with no rentals and permanent neighbors who love the area as much as you do! At .17 acre it is a sizeable lot for Beach property. The lot is available next door as well. Put together and it will be one third of an acre! The dreams that can be built there are countless! Come develop your own piece of Paradise!

S Vestavia Street, Panama City Beach

$360,000

791894 MLS

ONE BLOCK FROM THE BEACH!! Who WOULDNT want to build a custom home one block from the beach!? Grab your piece of Paradise before its gone! This blank lot is ready for someones non rental dream home! Live in a neighborhood with no rentals and permanent neighbors who love the area as much as you do! At .17 acre it is a sizeable lot for Beach property. The lot is available next door as well. Put together and it will be one third of an acre! The dreams that can be built there are countless! Come develop your own piece of Paradise!

Lynn Street, Panama City Beach

$699,999

2 Beds ⋅ 2 Baths ⋅ 788178 MLS

Charming beachside home located just one block from Panama City Beach. The home features an updated kitchen with stainless steel appliances, modern countertops, and quality finishes, along with updated bathrooms showcasing elegant tile work. A versatile flex room provides the option for a third bedroom, home office, or additional living space. The exterior offers a large fenced backyard with well-maintained grass, providing ample space for outdoor activities and room for a pool. Additional features include an outdoor shower, landscape lighting, a storage shed with covered seating area, attached garage, and additional covered parking. Enjoy a Gulf view from the property and take advantage of the prime location near Pier Park, local dining, shopping, and entertainment, with convenient access to the 30A area. Recent updates include a new roof installed in July 2024 with a 10-year, 130 MPH warranty, and an A/C unit approximately 6 years old. This property presents an excellent opportunity for a primary residence, second home, or investment property in a highly desirable beachside location.

17850 Lynn Street, Panama City Beach

$315,000

756082 MLS

Location, Location, Location! This beautiful corner lot is only one block to the beach, offering approximately 134 ft on Vestavia St & 55 ft on Lynn St. Literally a 3 minute walk to the beach where Vestavia St brings you directly to Panama City Beach Public Access 75. The lot is situated right in the heart of Panama City Beach, just over 2 miles to Pier Park and many top dining and entertainment spots. Build your personal dream house!! The property is zoned R2-1c, Single Family, High Density. All information including measurements is approximate and should be verified by buyer if important including with Planning and Zoning and Building Department.

S Vestavia Street, Panama City Beach

$627,000

4 Beds ⋅ 2 Baths ⋅ 754060 MLS

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Location, Location, Location!!! This Stunning Brand New 2024 Home is a Must See! Gorgeous blend of modern design & coastal charm situated approximately 600 feet from the pristine sands of the Gulf of Mexico. Your future home offers 4 bedrooms, 2 baths, covered back patio, privacy fence and a spacious two-car garage ensuring ample parking for you and your guests. The open floor plan in this home creates a seamless flow and an abundance of natural light. The kitchen is a chefs dream with extra quartz counter space, breakfast bar and stainless steel appliances. The primary suite offers a tray ceiling, two large walk-in closets, custom built glass shower & a beautiful freestanding tub. At this home you will find elegant LVP flooring through out, stunning light fixtures, front and back impact doors, roof deck spray foam insulation, precut plywood for all windows, lush landscaping, Taexx pest control system, sprinkler system and much, much more! Best of all, there is No HOA or Flood Zone to worry about! This home also comes with a One Year Builder Warranty and a Transferable One Year Termite Bond. Don't miss this incredible opportunity to own a brand-new construction home so close to Florida's most desirable beaches. Don't wait, schedule a showing today! Please note: This home is not zoned for Short Term Rentals, however, buyer may submit for a rezoning permit if so desired.

306 S Vestavia Street, Panama City Beach

$315,000

756082 MLS

Location, Location, Location! This beautiful corner lot is only one block to the beach, offering approximately 134 ft on Vestavia St & 55 ft on Lynn St. Literally a 3 minute walk to the beach where Vestavia St brings you directly to Panama City Beach Public Access 75. The lot is situated right in the heart of Panama City Beach, just over 2 miles to Pier Park and many top dining and entertainment spots. Build your personal dream house!! The property is zoned R2-1c, Single Family, High Density. All information including measurements is approximate and should be verified by buyer if important including with Planning and Zoning and Building Department.

S Vestavia Street, Panama City Beach

$627,000

4 Beds ⋅ 2 Baths ⋅ 754060 MLS

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Location, Location, Location!!! This Stunning Brand New 2024 Home is a Must See! Gorgeous blend of modern design & coastal charm situated approximately 600 feet from the pristine sands of the Gulf of Mexico. Your future home offers 4 bedrooms, 2 baths, covered back patio, privacy fence and a spacious two-car garage ensuring ample parking for you and your guests.The open floor plan in this home creates a seamless flow and an abundance of natural light. The kitchen is a chefs dream with extra quartz counter space, breakfast bar and stainless steel appliances. The primary suite offers a tray ceiling, two large walk-in closets, custom built glass shower & a beautiful freestanding tub. At this home you will find elegant LVP flooring through out, stunning light fixtures, front and back impact doors, roof deck spray foam insulation, precut plywood for all windows, lush landscaping, Taexx pest control system, sprinkler system and much, much more! Best of all, there is No HOA or Flood Zone to worry about! This home also comes with a One Year Builder Warranty and a Transferable One Year Termite Bond. Don't miss this incredible opportunity to own a brand-new construction home so close to Florida's most desirable beaches. Don't wait, schedule a showing today! Please note: This home is not zoned for Short Term Rentals, however, buyer may submit for a rezoning permit if so desired.

306 S Vestavia Street, Panama City Beach

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