Browse All Panama City FL Between $3 Million - $4 Million Properties for Sale

11,920 SF Building: 7,857 SF warehouse & 4,067 SF office Office area includes small mezzanine and is fully heated and cooled; Constructed in 2025; 16' - 20' Ceiling heights; (4) Drive-in doors; Lay down yard is fully fenced, gated, and paved; (27) Paved parking spaces; Site has two points of ingress and egress Office area has Class A build-out and includes lobby, conference rooms, private offices, break area with kitchenette and executive office with shower

2816 Forester Trail, Panama City

$3,800,000

792067 MLS

***4.3 ACRES OF PRIME REAL ESTATE!!(MLS #778497 IS ALSO FOR SALE ADJACENT TO THIS LOT AND IF PURCHASED TOGETHER WOULD GIVE YOU A TOTAL OF 5.3 ACRES!!) THIS LOT IS PERFECTLY SUITED FOR A SFH OR TOWNHOME SUBDIVISION, HOTEL, COMMERCIAL BUILDING, SHOPPING CENTER, ETC. YOU NAME IT, YOU CAN BUILD IT!!!*** Besides being across the street from Margaritaville, plans are in the works for a new home community directly behind it that will add an additional 2000+ single family homes. This prime location is less than a 10 minute drive from both the airport and our beautiful white sand beaches. All information is approximate and should be verified by buyers if important

8431 Pate Street, Panama City

$3,300,000

8 Beds ⋅ 8 Baths ⋅ 789630 MLS

An exceptional Gulf-front investment opportunity where luxury meets income potential. With more than $330,000 in proven rental income in 2025. This stunning coastal property features four beautifully appointed two-bedroom units, offering a total of 8 bedrooms and 8 full bathrooms, all thoughtfully designed to maximize comfort, style, and revenue. Perfectly positioned directly on the Gulf, the property showcases breathtaking Panama City Beach sunsets and uninterrupted water views from private balconies for every unit, creating an unforgettable experience for guests and owners alike. A Gulf-front pool provides the ultimate setting for relaxation, while the pristine white sand beach is just steps away. Inside, each residence is finished with upscale coastal touches, including gorgeous white oak luxury vinyl plank flooring, open-concept kitchens, and striking shiplap ceilings that enhance the bright, airy atmosphere throughout. The layout of each unit is designed for both functionality and entertaining, making it ideal for short-term rentals or multi-family use. On the ground level, covered parking beneath the home offers both convenience and additional entertainment space, complete with grilling areas, tables, games, and gathering spots--perfect for hosting guests and creating memorable beachside experiences. With rental projections reaching as high as $385,000 per year, this property presents a rare opportunity to own a premier Gulf-front income-producing asset in one of Panama City Beach's most desirable locations. Whether you're expanding your portfolio or seeking a luxury coastal retreat with exceptional returns, this one-of-a-kind property delivers the perfect blend of location, lifestyle, and long-term value.

8221 Surf Drive, Panama City

$3,150,000

6 Beds ⋅ 7 Baths ⋅ 787785 MLS

Set within the exclusive coastal enclave of Hadley's Beach, a thoughtfully planned community of just 20 residences, 5936 Gulf Drive offers a refined approach to modern beach living along the shores of Panama City Beach. With direct beach access just steps away, days unfold easily between the home and the turquoise waters and white sand shoreline that define this stretch of the Gulf. Completed in 2025, the residence spans 4,747 square feet and is offered fully furnished, blending contemporary design with effortless livability. Gulf views are woven throughout the home, creating a constant connection to the water and surrounding coastal landscape. The home features six bedrooms and six-and-a-half bathrooms, including a dedicated bunk room designed with both flexibility and comfort in mind. The second floor serves as the primary gathering space, where a spacious living area, expansive kitchen, and dining area come together in an open, light-filled setting. Premium kitchen appliances, generous counter space, and thoughtful design details support both everyday living and elevated entertaining. On the third floor, the primary suite offers a private retreat with a balcony overlooking the Gulf, accompanied by a sitting area, wet bar, and private laundry, creating a self-contained space designed for both relaxation and convenience. Outdoor living is centered around a private pool, offering a peaceful alternative to the beach just beyond. A first-floor laundry room adds ease after time spent at the pool or shoreline, supporting the natural rhythm of coastal living. Located within a community that allows short-term rentals, the property offers flexibility alongside its design-forward appeal. With its combination of Gulf views, curated interiors, and immediate access to the beach, 5936 Gulf Drive presents a residence where thoughtful architecture and the coastal lifestyle come together in seamless balance.

5936 Gulf Drive, Panama City

$4,000,000

787317 MLS

2420 Jenks Avenue offers investors the opportunity to acquire a fully leased commercial property in Panama City, Florida. The asset consists of approximately ±22,000 square feet across three buildings situated on two parcels (Bay County Parcel ID's 13016-122-000 and 13016-122-070). The improvements include two buildings totaling ±8,000 RSF each and one building of approximately ±6,000 RSF. The property is currently 100% leased, providing immediate in-place income. Recent capital improvements include new roofs installed in 2022. The property is being offered at an 8.63% cap rate and owner financing is available. 2420 Jenks Avenue is located in a well-established commercial corridor in Panama City with convenient access to surrounding business districts and major transportation routes.

2420 Jenks Avenue, Panama City

$2,575,000

786422 MLS

Positioned along one of Panama City's most recognized commercial corridors, 704 W 15th Street represents a rare opportunity to acquire a substantial, fully improved automotive commercial property in the heart of Bay County's established dealership row. The offering consists of two contiguous parcels totaling approximately 8.09 acres. The improved parcel encompasses 2.53 acres and is developed with a professional office/showroom building and a fully equipped automotive service garage, providing immediate operational capability for a dealership, fleet operator, or service-oriented automotive business. The second parcel comprising 5.56 acres offers significant expansion potential, additional inventory staging, overflow parking, or future development -- a premium commodity in this high-demand corridor. The property sits at a prominent corner location with access from both Highway 98 (15th Street) and Florida Avenue Showcase, providing exceptional visibility and ingress/egress for high customer traffic volumes. It is centrally located amongst the other new car dealers in the county Showcase, making it an ideal home for a new or used car dealership, watercraft dealer, or any automotive-related enterprise seeking to benefit from co-tenancy with established franchise dealers. Property Highlights: Total site: ±8.09 acres across two parcels (2.53 AC improved | 5.56 AC additional) Improved parcel features office/showroom and automotive garage Corner location -- dual access from Hwy 98 (15th St) & Florida Avenue Situated within Panama City's primary automotive retail corridor Excellent visibility and high traffic counts on a major arterial highway Suited for auto dealership, powersports, watercraft, fleet, or service operations This property offers the scale, infrastructure, and strategic location rarely available in Panama City's competitive automotive market. Whether for owner/operator use, investment, or redevelopment, 704 W 15th Street delivers a compelling combination of improved facilities and raw land in one of Bay County's most active commercial destinations.

704 W 15th Street, Panama City

$2,700,000

6 Beds ⋅ 7 Baths ⋅ 781961 MLS

$294K PRICE DROP - 9716 Beach Boulevard, this Gulf-Front is a true masterpiece boasting over $345,000 in rental income for 2024 and on track to be at over $300K for 2025 (based on actuals)! With 3,400 square feet of beautifully designed living space, this 6-bedroom, 6.5-bath residence comfortably accommodates up to 20 guests, making it a lucrative rental opportunity and an ideal family getaway. As you step inside, you'll be greeted by architectural elegance, featuring high ceilings, built-ins, and sleek concrete floors. The exquisite lighting, including chandeliers and recessed fixtures, creates a warm and inviting atmosphere throughout the home. The chef's kitchen is a culinary dream, equipped with a breakfast bar, electric stove, cooktop, dishwasher, and refrigerator, all designed for seamless entertaining. The open layout enhances the flow of the space, making it perfect for gatherings.Step outside to your private oasis, complete with a below-ground pool, a balcony offering stunning endless water views, and a cozy private patio. The fenced backyard is ideal for outdoor gatherings with a dedicated barbecue area. Located within a short distance to world famous restaurants, shopping, and entertainment venues! Experience the best of coastal living in this exquisite property. Schedule a viewing today and make ''Blue Heaven'' your dream home!

9716 Beach Boulevard, Panama City

$2,350,000

4 Beds ⋅ 7 Baths ⋅ 781812 MLS

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' A boaters dream with breath-taking lagoon views. Experience the pinnacle of waterfront living in this fantastic and breathtaking Bay Point home. Offering stunning, unobstructed North Lagoon views, this property is a true boaters dream. It features rare Deepwater access, a heavy- duty bout lift, and a separate jet ski lift, ensuring your on the water in moments. Step inside this spacious 4-bedroom, 6.5 bathroom residence, where luxury and comfort blend seamlessly. the home is designed for both grand entertaining and private relaxation. Expansive, large patios provide the perfect setting to soak in the serene water views or host unforgettable gatherings. Cool off in the beautiful pool that serves as the center of your private outdoor oasis. You truly will not find anything nicer. This is a rare opportunity to own one of Bay Points most desirable properties.

4506 Bay Point Road, Panama City

$3,165,000

781043 MLS

3 parcels - (1220 19th St. - 13784-022-000, 1302 19th St. - 13784-015-000, 1304 19th St - 13784-050-000) 2 well-established and prosperous businesses with spray booth, car crusher, loader, semi truck with 2 flatbed trailers, 2 sling wreckers, 1 flatbed wrecker and tools.

1220 W 19th Street, Panama City

$4,000,000

773120 MLS

+/- 80 acres with over 2,200ft of waterfront on East Bay, with direct access to the Gulf of Mexico. Currently zoned CSVH, allowing for 2 residential units / acre. Water, electricity, and sewer are available to site. Directly across the bay from Tyndall Air Force Base. The City of Callaway has seen significant growth from a $5.2 billion rebuild of Tyndall Air Force Base—the largest MILCON project in recorded Air Force history. Additional, adjacent +/- 19 waterfront acres available upon request.

00 Highway 2297, Panama City

$3,750,000

729404 MLS

Zoning is 2 units per acre. This serene piece of pristine coastline covers 167 acres in Panama City, Florida, with its approx. 7200 ft (1.3 miles) of shoreline on the Intercoastal Waterway. Located a leisurely boat ride away from the Gulf of Mexico, in the East Bay area, this tract of land is ideal for a waterfront community. This amazing parcel of land is one of the best and most stunning pieces of land with deep water accessibility left in Panama City, Florida with huge potential for development. There are engineering and feasibility studies completed in the past and this property could have 173 up to 232 lots per these studies. There is a complete packet of information on file, along with survey, wetland delineations, and lots of photos.

00 Allanton Road, Panama City

$3,399,900

753662 MLS

Nice Development parcel with approx 650' on Frankford Ave and approx. 300' on Airport Rd. Currently zoned R-1 Residential, Seller will cooperate with any development orders re-zoning needed for mixed use. This property is adjacent to the Sweet Bay Development with approx 1260' joining Sweet Bay Property. This property is accessible from Frankford as well as Airport Rd.

00 Frankford Avenue, Panama City

$3,200,000

778036 MLS

Prime Commercial property on Tyndall Parkway strategically located 2± miles North of Tyndall Air Force Base, Bay County's largest employer. The 9.5± acre site has 550± feet of frontage on Tyndall Parkway and 630± feet of frontage on Lake Drive in the City of Parker, Florida. The Tyndall Parkway corridor is experiencing a renaissance since Hurricane Michael in 2018, including the development of Culvers, Dollar General, and Little Caesars located just North of the site. This is a hard to find development opportunity on the East side of the vibrant Panama City market area, with great visibility, high traffic counts, and easy access.

630 S Tyndall Parkway, Panama City

$4,000,000

771996 MLS

Exceptional Investment Opportunity in Prime Beachfront Location This commercial property, strategically zoned for high-intensity development, presents a rare chance to own a substantial parcel of land exceeding half an acre, situated directly across from the stunning beaches and the Gulf of Emerald Coast. The income-producing 11-unit inn, fully furnished and impeccably maintained, offers a unique opportunity for immediate cash flow and potential for expansion to 14 units, capitalizing on the area's high demand for accommodations. The property's expansive lot provides a canvas for redevelopment, allowing investors to explore various scenarios, including single-family residences, multi-family units, or a mix of both, thereby maximizing the potential for returns on investment. With its prime location and versatile zoning, this property is an investor's dream, offering endless possibilities for creative development and revenue generation. The property offers convenient beach Access, Providing an exceptional lifestyle. Its prime location give you easy access to a wide range of activities and amenities, all within walking distance. Enjoy swimming, sunbathing, and water sports on the pristine beaches, or explore the nearby parks and fresh water springs. The area is also known for its vibrant events calendar, featuring live music, festivals, and cultural events that attract tourists and locals alike. Studio units in Panama City Beach have consistently demonstrated exceptional performance, boasting some of the highest income potential and capitalization rates in the market. With its high tourist turnover and strong demand for short-term rentals, this property is poised to deliver significant returns on investment, making it an attractive opportunity for savvy investors seeking to capitalize on the area's growing popularity. This exceptional investment opportunity is not to be missed. Contact your preferred real estate agent today to schedule a tour and explore the vast potential of this remarkable property. We kindly request that guests not be disturbed. With its unparalleled location, income-generating potential, and endless possibilities for development, this property is sure to be a crown jewel in any investor's portfolio. Buyer to verify all information deemed important.

8614 Surf Drive, Panama City

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