Panama City FL 5000+ Sq. Ft. Real Estate, Homes, Condos for Sale

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Perfectly positioned on one of the most sought-after WATERFRONT streets in Panama City, Florida - this stunning .8-acre estate sits on 100' Bayfront water frontage and features a luxurious modern coastal design. This home features a zero-entry infinity edge pool, dock with boat lift and is less than 6 nautical miles by boat to the open Gulf of Mexico with no idle speed zones in between. From the minute you drive into this gorgeous estate, you're drawn in by remarkable landscaping with mature trees, a beautiful circular driveway and thoughtfully-designed pavers surrounding a care-free turf base. The exterior has been recently renovated and features a brick and stone design with a 2.5 car garage. This 2-story home has impeccable WATERFRONT views from almost every room and features 4 bedrooms, a home office, movie theater room, 3 full baths and 2 half baths. On the main level of the home, you'll enjoy a WATERFRONT primary suite, a home office off the foyer and a formal dining room. The living room features 2-story soaring ceilings maximizing the best sunset views. The kitchen, breakfast room and bar offer easy access to the back yard and pool area and is a great open concept with access to the living room. On the upper level, you'll enjoy spacious bedroom with large closets, two guest baths and an oversized laundry room. The Bay views are endless with this .8-acre estate and you'll enjoy a large backyard, private dock and deep water access. The pool area has been recently renovated to include shellstone pavers and the pool includes zero-entry, a sun shelf and infinity edge. The Cove is a highly coveted neighborhood adorned with hundred year-old oak trees filled with beautiful moss that lines the streets. This neighborhood is idyllic and is full of character and charm presenting an opportunity for pure Bay views and estate size waterfront homesites. This quaint neighborhood that features golf cart-friendly streets and activities with your neighbors year-round! Just minutes from booming downtown Panama City, you'll be just a few miles from farmers markets, a brewery, arcade, fabulous locally-owned dining establishments, boutique shopping and tons of activities. A waterfront opportunity like this doesn't come available often. This is your chance to make your dream home in the Cove!

606 Bunkers Cove Road, Panama City

$895,000

16 Beds ⋅ 16 Baths ⋅ 764182 MLS

Opportunity to own 8, renovated, income producing townhomes in the heart of Callaway with direct proximity to Tyndall Airfare Base.Most units have been renovated, each with their own fenced yard, in unit laundry, 2 bedrooms, 2 bathrooms, and dedicated utilities.Contact agent for a full list of renovations and improvements.

6325-6332 Omoko, Panama City

$1,250,000

764175 MLS

COMPLETELY UPDATED MEDICAL BUILDING DIRECTLY ACROSS THE STREET FROM ASCENSION SACRED HEART HOSPITAL WITH HIGH TRAFFIC COUNT! This medical building consists of two separate buildings that can each accommodate medical offices, and the second building also has an additional private office and apartment. The main building with approximately 3,864 SF features a reception area with large waiting room, six exam rooms, five offices, a medical supply/surgery room and two bathrooms. The second building has approximately 3,268 SF that includes a reception office and waiting area, four exam rooms, surgical room, large office and 2 bathrooms. As part of this building, there is also a separate private office with its own entry and bathroom, as well as a two-bedroom apartment at the west end of the building that would be perfect for traveling personnel. All exam rooms have been plumbed with sinks, and the buildings have both 220 and 110 electric. These offices are all move-in ready!!

619 MLK Boulevard, Panama City

$1,825,000

5 Beds ⋅ 5 Baths ⋅ 760826 MLS

Experience unparalleled luxury and exquisite waterfront living at 1309 Bayou Ct, in the prestigious Cove community of Panama City, FL. Constructed with durable block and finished with a refined stucco exterior, this expansive 5-bedroom, 5-bathroom residence offers elegance and comfort in over 5,510 sq ft of meticulously maintained living space, situated along 100 feet of deep bayou waterfront--ideal for boating and water enthusiasts, and only minutes by boat to Shell Island. Step inside through the 12-foot custom solid iron front doors and be welcomed by a grand foyer with soaring 21.6-foot ceilings, illuminated by a stunning RH Foucault's Crystal Orb Chandelier. Stunning elegance flows throughout this well-appointed home, featuring Italian travertine floors, intricate crown moulding, and two inviting fireplaces in the family room and formal living room, creating warmth and an inviting atmosphere for gatherings. The gourmet kitchen has been thoughtfully updated recently with top-tier Wolf double ovens and gas stovetop, Sub-Zero refrigerator, and Cove dishwasher appliances, granite countertops, and an island with breakfast bar seating. The light-filled breakfast area offers panoramic views of the bayou and pool--setting the perfect scene for your morning coffee. The primary master suite is a private serene sanctuary, complete with a private balcony overlooking the pool and bayou, a stately fireplace, and a unique 84-inch dome ceiling with a crystal chandelier. The spa-like master bath features an oversized tub, separate shower, double sinks, and space is available for built-in conveniences like a mini-fridge, microwave, and TV. In recent years, over $185,000 has been invested in thoughtful improvements. These include a new seawall with heavy-duty tie bolt anchors, upland Moisture Shield decking on top of the seawall, a new metal roof for the boathouse, and new dock decking (2021). The backyard was completely redesigned with new landscaping, large palm trees, and an updated irrigation system, creating an outdoor space as inviting as the interior. Additional updates include a freshly repainted exterior (May 2024), a new two-unit HVAC system (January 2024), and a new pool heater, spa pump, and pool pump replacements (Fall 2021). With a circular driveway, grand fountain, in-ground pool, and spacious drive-through two-car garage, this home offers a seamless blend of elegance and convenience. Surrounded by mature trees and situated in one of Panama City's most sought-after neighborhoods, this residence exemplifies luxury living at its finest. Ask your agent for a complete list of upgrades and renovations done in recent years, and schedule your private viewing today to explore all that this exceptional property has to offer. All information is deemed reliable but not guaranteed; buyers should verify if important.

1309 Bayou Court, Panama City

$1,250,000

20 Beds ⋅ 10 Baths ⋅ 759896 MLS

Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023--a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002

1000 Transmitter Road, Panama City

$1,400,000

758581 MLS

Truly a rare find, this is a beautiful, stand alone, professional office building in excellent condition, in a central location to anywhere in our market. Everything your 'Class A' type buyer is expecting is here, featuring multiple executive offices, beautiful board room, large kitchen/breakroom, with 'Class A' level design and interior touches throughout. The attractive setting features a large parking area with 32 designated spaces. Contact your professional clients who are looking for a larger space today and arrange your tour before this one is gone.

306 E 19th Street, Panama City

$1,899,000

5 Beds ⋅ 6 Baths ⋅ 757082 MLS

Entered for comp purposes only. This is a beautiful, fully-renovated waterfront home in the historic Cove neighborhood. Offering over 5,200 square feet, 5 bedrooms, 4 full baths and 2 half baths, this two story home features a main level primary suite and multiple living areas with pure bay views. This home also features a pool and dock.

211 Hollis Avenue, Panama City

$1,380,600

15 Beds ⋅ 13 Baths ⋅ 756905 MLS

Don't miss out on this exceptional investment opportunity to own a portfolio of five duplexes and a triplex, totaling 13 individual units. Nestled on almost an acre of land, these single-story properties enjoy a coveted location near Tyndall Air Force Base and downtown Panama City. Each unit provides convenience with two designated parking spaces and central HVAC system. Inside, tenants will appreciate the sleek, practical design featuring luxury vinyl plank flooring and up-to-date appliances, ensuring a comfortable and budget-friendly living experience. The duplexes feature one-bedroom, one-bathroom layouts, while the spacious green duplex offers two-bedroom units, ideal for families or those desiring extra space. Meanwhile, the triplex features three one-bedroom, one-bathroom units. This property is managed by a rental management company. Providing affordable housing options within a vibrant community, this investment opportunity promises a stable income and long-term potential for investors. All units are currently under annual leases.

2228 E 17th Street, Panama City

$1,750,000

20 Beds ⋅ 15 Baths ⋅ 754439 MLS

RARE opportunity to own 10(TEN) 2 bedroom/ 1.5 bath townhomes complete with an additional parcel! Each unit has a separate address and meter making it EASY to manage. Currently used as a mixture of short term rentals, mid-term rentals, staff housing and storage. The proximity to Tyndall AFB, Mexico Beach, Panama City and Panama City Beach make this a DON'T MISS. Owner financing may be an option with a sizable down payment and agreeable terms. Do not disturb guests/tenants. BUYER TO VERIFY ALL INFORMATION DEEMED IMPORTANT. Most furnishings convey. Photos are from one unit. Floor plans are same but furnishings and finishes vary.

4480 E Highway 98, Panama City

$785,000

2 Beds ⋅ 1 Baths ⋅ 755363 MLS

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Calling all Investors! This 8-unit, established income producing property near Tyndall AFB is ready for a new owner. All units have tenants already in place. The current rental income averages over $7,700 monthly. Each apartment offers 2 bedrooms, 1 bathroom, laundry closet and 832 square feet of living space. The roof was replaced in 2023. The parking lot has space for 10 vehicles, or 20 if you park two deep. The complex is located in the heart of Callaway, on a corner lot and just a few blocks from John Gore Park, Callaway Bayou, and a public boat ramp.

130 Beulah Avenue, Panama City

$500,000

755277 MLS

UNDER CONTRACT- Taking backup offers. Here is an incredible opportunity to be a part of the Historical Downtown Panama City corridor and the revitalized City Marina area! This building is currently setup as a church with upstairs office and storage space, however the possibilities are endless for potential usages. Formerly 4 separate commercial spaces and can be converted back with some work. Or convert to retail with living above, or an event space with second story waterviews! Or how about a terrace on top restaurant and bar with waterviews? Parking lot with approx 50 spaces! Unheard of downtown! This .74 acre parcel also has a unique alley road access making entry/exit advantageous for multiple businesses. Or remove it all and start from scratch with fresh vision! Building will need foundational work before occupancy. Close to the Martin Theatre, Hotel Indigo, the Marina Civic Center, PC Visitor Center and the upcoming Marina to Marina walking path. Parcels like this do not come available often so don't miss out on this!

402 Jenks Avenue, Panama City

$2,200,000

754742 MLS

Welcome to an unparalleled investment opportunity in Panama City, Florida! Presenting a meticulously maintained apartment complex comprising 20 units, each boasting two bedrooms, one bath, and a generous 750 square feet of living space. Nestled conveniently in five two-story buildings, this property offers efficiency and quality in its design and layout.🌟 Prime Location: Situated just one block away from South Tyndall Parkway, this apartment complex provides tenants easy access to essential amenities, transportation routes, and thriving restaurants, grocery and retail centers. The community of Callaway, Florida, is strategically positioned amidst a landscape of burgeoning growth and development, making it an ideal locale for savvy investors seeking promising returns.🔨 Exceptional Resilience: In the wake of Hurricane Michael's impact in 2018, the region embarked on a remarkable journey of reconstruction and revitalization. Callaway stands as a testament to resilience, with communities and industries rallying together to rebuild stronger than ever before. The commitment of the Department of Defense to invest $5.9 Billion in the rebuild of Tyndall Air Force Base has catalyzed unprecedented economic growth, driving demand for housing and infrastructure in the area.📈 Unprecedented Growth: The influx of defense-related projects and economic development initiatives has propelled Callaway and its surrounding areas into a period of unparalleled growth. With one-third of the region's economy anchored in the defense industry, the demand for housing has surged, presenting investors with a solid opportunity for return on investment.🛩️ Base of the Future: Tyndall Air Force Base's transformation into the 'Base of the Future' signifies a monumental leap forward in defense infrastructure. With the Air Force's commitment to deploying three fighter squadrons and the addition of over 600 military jobs per squadron, the demand for housing in Callaway is poised to skyrocket. Moreover, the surge in construction activity, employing up to 4,000 workers, underscores the sustained economic vitality of the region.⚓ Thriving Naval Presence: Naval Support Activity Panama City further enhances the area's economic vibrancy, with major tenant commands driving innovation and growth. From the Naval Surface Warfare Center, Navy Dive and Salvage Training Center to the Naval Experimental Dive Unit, both the US Coast Guard and naval presence in Panama City contributes significantly to the region's stability and prosperity.Don't miss out on this exceptional opportunity to invest in the future of the communities surrounding Tyndall, including Callaway, Florida. With its strategic location, resilient community, and unprecedented growth prospects, this apartment complex promises enduring value and substantial returns for discerning investors. Seize the moment and make your mark in one of Florida's most dynamic and promising investment destinations! Detailed financial data is available with signed NDA.

718 S Gay Avenue, Panama City

$899,900

6 Beds ⋅ 5 Baths ⋅ 753737 MLS

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERSPRICE IMPROVEMENT on this Perfectly situated home on an half acre, arguably the most beautiful waterfront lot, in the highly sought-after Pretty Bayou. - Indoor Pool and Sauna, and 107 Feet of waterfront with Gulf access. Over 5,000 sq feet, 6 bedrooms, 4.5 Bathrooms, this home has Two true Primary bedrooms each with full bathrooms. One opens to the Indoor heated Pool, the other opens to it's own balcony overlooking Pretty Bayou. The Living room has been nicely updated fresh paint, wood look tile floors, and shiplap fireplace, the kitchen has tons of storage, an oversized breakfast area and formal dining, perfect for large gatherings. Home has multi HVAC units for your comfort, Water heater replaced in '22, and home is equipped with it's own Culligan water purification system. The interior is immaculately maintained. The backyard has plenty of room for an additional pool outside if that's on your must have list. Home is 30 Minutes to the Airport, and 15 minutes to the sandy beaches of Panama City Beach. Must see in person to appreciate all this home has to offer. SELLER IS MOTIVATED and many inspections have already been completed. Schedule your private showing today.

2522 Pretty Bayou Island Drive, Panama City

$1,500,000

751350 MLS

Prime C3-zoned property with approx. 290 feet of road frontage! Versatile space featuring open rooms and office space, formerly a restaurant with a layout ready for your vision. It is ideal for businesses seeking a strategic location with ample visibility. Explore the possibilities and make this space yours!

2400 St Andrews Boulevard, Panama City

$1,226,000

5 Beds ⋅ 5 Baths ⋅ 747305 MLS

Incredible sunsets and dolphin views! OVER 6000 sq ft estate with a glorious Waterfront Bay views. Welcome to this exquisite 5 bed, 5-bath, the interior and roof boast's spray foam insulation, accompanied by soundproof wool insulation in the interior walls of the top and main floors. The exterior is adorned with new sod and landscaping. Internally, new windows throughout and double 12' French sliders that open to the view decks. The roof is newly installed with 50-year high wind rated dimensional shingles and the home is freshly painted. For the culinary enthusiast, the kitchen is equipped with high-end commercial appliances, including a Bosch Double Oven, a 48'' stainless steel Thermador refrigerator, a 36'' - 6 burner Bosch convection range and dual Asco dishwasher. A 3'X4' custom walk-in pantry and an additional 36'' floor-to-ceiling pantry offer ample storage space. The owner's suite is a haven of luxury with a make-up vanity station, a stunning free-standing soaking tub, resort style glass shower with multi-jetted spray stations, and a custom walk-in closet. The suite also features a large private deck with Bay views and a sauna. There is a separate large laundry and a family room on the lower level and a heated and cooled shop/wine or mudroom off the garage. The property's standout features include: custom 100-year-old hardwood railings with cable system for your unobstructed bay views on the decks, 24x24'' Matte Porcelain Marble tiled decking covers an area of 1100 sq. ft, plus an 85-foot new Seawall. You'll find solid wood profile trims and shaker solid core interior doors throughout and a custom wood wrapped fireplace reaching up to the 18'-foot vaulted ceiling, LED lighting installed throughout and a media room on the lower level. For comfort, 3 separate 3-ton A/C units, two 80-gallon water heaters, 4 car garage. All this, nestled in an idyllic quiet bay setting, makes this home a true embodiment of luxurious living.

1508 Elma Ruth Drive, Panama City

$1,600,000

745865 MLS

PENDING TAKING BACK UP OFFERS. Amazing opportunity to own 255' of bayfront beauty in the heart of historic St. Andrews. Two homes occupy the lots, the larger home was built in 1895 and a brick home built in 1955. Use your imagination to place your dream home on this bay front estate or design multiple lots for development. Original plat had 5 lots for this property. The original structure may require too many upgrades to consider renovation. The second home is 1688 square feet built in 1955 has 3 bedrooms and 2 baths. The small home is in need of updating to blend in with the character of the neighborhood, enjoy a breath taking view of St. Andrews Bay from and elevation of +/-13 feet. Ships entering the bay all the way to the port, dolphins passing and brown pelicans diving for a meal! All at your back door view.

1615 Grant Avenue, Panama City

$135,000

5 Beds ⋅ 3 Baths ⋅ 745761 MLS

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFER Amazing investor opportunity on almost 1 acre, zoned residential. This property used to be a nursing home and has endless possibilities. All info/sizes are approx; please verify.

11921 Caruso Drive, Panama City

$2,769,355

4 Beds ⋅ 6 Baths ⋅ 743658 MLS

Nestled on the shores of North Bay, on a private island just off the coast in northwest Florida, sits a truly quiet and peaceful oasis of natural tropical beauty and a home of remarkable contemporary and modern architecture. This soaring three story estate was masterfully designed and brought to life by renowned Architect J Michael Hunnicutt and built by Rita Jones Construction. Spanning three levels with over 5,000 square feet, every room provides incredible waterfront views and offers expansive outdoor living with bay view covered porches on each level. With deep water and the Gulf of Mexico just 10 nautical miles away with NO idle speed zones in between, this luxury residence provides endless opportunities for fishing and boating enthusiasts with a private 350' dock. Upon initial approach to the private island, you are welcomed by natural native landscaping and the soothing sounds of the Bay. This impressive 3 story home is framed by picturesque views of the Bay, surrounded by cascading sounds of the saltwater pool and spa which seem to blur the line between indoors and out. The home includes a fully equipped outdoor summer kitchen and an 18' deep covered patio. The summer kitchen is an entertainer's tropical dream. The custom kitchen cabinets are built of solid walnut sealed in marine grade varnish. The impressive cooking areas feature an all-Lynx luxury appliances package including a grill with rotisserie, dual cooking burners and power burner, and Lynx warming oven. Caesarstone quartz countertops and waterfall island are perfect for cocktails and entertaining. Situated on a large homesite and encompassing all that Florida's waterfront lifestyle has to offer, the deep-water dock will host your boat year-round and allows for residents to continue to pursue their waterfront dreams with boating, kayaking, and fishing! Step off the tumbled cobblestone paver driveway onto the travertine marble tile front entry steps to the stately front door and foyer framed with a custom Mahogany wood door with artistic blown glass. As you enter the main level, you'll be immediately drawn to the waterfront views at 23' elevation and a great room that offers tranquility and relaxation. A modern linear fireplace surrounded with marble and slate tile creates warmth in the space while framing full-glass French doors that lead out onto a covered patio overlooking both pool and Bay. From here you can take in gorgeous year-round sunsets as they sink into the horizon each evening. The second level anchored by the great room is completed with a stunning formal dining room, a remarkable powder room with Onyx walls and flooring with custom stone pedestal sink and a junior suite overlooking Bay and pool complete with full bath, walk in closet, and Juliet balcony. Polished travertine tile is found throughout the main floor and leads into the waterfront breakfast nook and Chef's kitchen. The fully-equipped kitchen boasts custom slab walnut cabinetry with soft-close hinges and pull-out drawers, 48'' Thermador Professional 6-burner gas range with double convection ovens and griddle, Electrolux convection microwave oven, warming drawer, Viking range hood and full-size Electrolux refrigerator and freezer. The kitchen features Caesarstone Quartz countertops and the oversized island that seats 4 is adorned with sleek waterfall edges as well as filtered cold and instant hot water at sink, pot filler at the range and a wet bar with wine refrigerator all designed with entertaining in mind! Adjacent to the kitchen is a 16'x10' walk-in pantry and laundry room with stunning granite countertops, custom cabinetry, elevated washer and dryer, built-in desk, shelving and sweeping views of the island.

4200 Northshore Islands Road, Panama City

$755,000

738996 MLS

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS!!Historical building located on SW corner of East 4th Street and Luverne in Downtown Panama City. This building is in a prime location for your business. The front glass windows allow for a ton of natural light into the space. This area is zoned Commercial DTD allowing for a variety of uses. Approximately 12,972 SF, which includes 9,600 SF of 1st level GBA. One front side of the building is approximately 3,200 SF h/c space with storage sheds separate entrance, security & gross income of $3,600 per month. Other side could be leased or owner occupied space with approximately 6,400 SF GBA, some heated/cooled; warehouse, etc. Not included in 9,600 SF is the 2nd level loft area or approximately 3,200 SF of space.

102 E 4th Street, Panama City

$2,125,000

6 Beds ⋅ 7 Baths ⋅ 738898 MLS

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS **STUNNING WATERFRONT IN THE COVE** This luxurious 6BR/7BA bath home is loaded with recent upgrades and is located on the prestigious Bunkers Cove Road in the historic Cove area of Panama City, and offers the best of Florida living. From the moment you step inside, you'll be greeted by a light-filled living area and breathtaking waterfront views. With three bedrooms on the ground floor and three upstairs, this home provides ample space for family and guests. The impressive outdoor space is just as stunning, featuring a waterfront pool and hot tub, outdoor kitchen, bar, and a 300'+ dock. Imagine enjoying an evening cocktail on the deck, watching the sun set over the water, or hosting a poolside barbecue with friends and family. Make it a point to see this stunning home today. JET SKI LIFTS DO NOT CONVEY.

526 Bunkers Cove Road, Panama City

$1,650,000

727051 MLS

9,002 +/- SF freestanding office building located at 107 W 19th Street, Panama City, near HCA Gulf Coast Medical Center. The building was a designed for a large medical office with a central hub & four (4) wings. Each of the building's four wings has a physician's office, four (4) exam rooms (12 in total), and a nurses station, plus two large waiting rooms/ lobby areas, staff break, and practice administrative areas (Floor Plan Available in the Documents Section)

107 W 19th Street, Panama City

$1,350,000

683535 MLS

This is a medical office building with four units currently has all units rented. The units consist of doctors offices and three tenants have been in their location for extended periods of time. Suites C,D,E and F are month to month. Suite B has a 42 months +- remaining on the lease. Unit A has a 3 year lease.

221 E 23rd Street, Panama City

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5000+ Sq. Ft. Panama City Real Estate