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605 Elm Avenue, Panama City
$160,000
2 Beds ⋅ 1 Baths ⋅ 796246 MLS
**CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS** Turnkey income-producing opportunity in Panama City's historic Millville neighborhood! Offered at $160,000 with a long-term tenant in place at $1,650 per month, 605 Elm Avenue generates $19,800 in scheduled annual gross rent, representing an impressive approximately 12.4% gross rent yield at the asking price before expenses. For investors looking for immediate income without taking on another major renovation project, this property offers a compelling combination of existing cash flow, substantial improvements already completed, durable construction and long-term location potential. This 2-bedroom, 1-bath concrete-block home has been extensively improved while maintaining a manageable and efficient rental footprint. Updates include a newer roof, windows and flooring, updated plumbing and sewer components, renovated kitchen and bathroom, newer fixtures and lighting, appliances, attic ductwork and gas lines. The home features central air and gas heat, while the updated kitchen offers modern cabinetry, stainless-steel appliances and gas cooking. Wood-plank ceilings, recessed lighting, updated flooring and thoughtful interior finishes give the home character that stands apart from the typical rental property in this price range. The property offers approximately 609 heated square feet and a lot large enough for ones creative mind to run wild. This home currently has mature landscaping, a gravel driveway, side access and a rear patio and yard area. Location is another major component of the investment. Positioned in Millville near Watson Bayou, the property is only a few blocks from Millville Waterfront Park, its public boat ramp, fishing and waterfront recreation, and approximately 5 minutes from Downtown Panama City. Everyday employment and services are equally accessible, with Ascension Sacred Heart Bay approximately 2 miles away, while the 23rd Street employment and retail corridor--including HCA Florida Gulf Coast Hospital and Walmart--is approximately 4-5 miles away, with Target roughly 5 miles away. Tyndall Air Force Base is approximately 8-10 miles to the east, providing access to one of the area's largest employment centers, while the white-sand beaches of Panama City Beach are approximately 12-15 miles away. US-98 provides convenient east-west access throughout Bay County and is right around the corner from this investment opportunity. For investors, the numbers and fundamentals are straightforward: $160,000 asking price, $1,650 monthly rent, $19,800 scheduled annual gross rent and approximately 12.4% gross rent yield before expenses, combined with concrete-block construction, significant improvements already completed and a tenant in place. Whether adding another property to an established rental portfolio or looking for an approachable entry into the Panama City long-term rental market, 605 Elm Avenue offers immediate income today with exposure to the continued growth and redevelopment of the surrounding area.

605 Elm Avenue, Panama City

331 Maine Avenue, Panama City
$249,000
4 Beds ⋅ 2 Baths ⋅ 795808 MLS
HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS! This versatile property, once a 4 BR 2 BA, has been converted to a 2-unit rental property that is perfect for short- or mid-term rental income or as a single-family main house/mother-in-law suite arrangement. Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there! This property has been rented only on Furnished Finder and by word of mouth. Seller states income for 2025 was $28,710! WHY THIS PROPERTY IS AWESOME: --Multiple possibilities for living/renting - especially as workforce housing for travel nurses, military, contractors, and others --NEW METAL ROOF in 2026! --Other updates/upgrades/repairs made recently. See attached documents. --2 BR, 1 BA in front, 1 BR, 1 BA in back (or restore to 4/2 as noted above) --Stated mid-term rental income of up to $1,700 for front unit, $1,600/mo for back unit - WOW! --Full kitchen in front, efficient kitchenette in back --SOLD FULLY FURNISHED! --Fresh paint in main (front) unit --Driveway parking for 4; boat parking is easy! --HUGE backyard on this 75' x 200' lot. Make your own nature oasis with fruit trees or palms or put in a pickleball court, fire pit, and a pool! --Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and walkable to Gene's Oyster Bar See the full list of updates/upgrades/repairs in the attached DOCUMENTS section. COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!

331 Maine Avenue, Panama City

1304 Buena Vista Boulevard, Panama City
$300,000
3 Beds ⋅ 2 Baths ⋅ 787338 MLS
Thoughtfully upgraded and lovingly maintained. Furniture included, this beautiful home at 1304 Buena Vista Boulevard is move in ready and designed for comfort, privacy, and long term peace of mind. Every update reflects careful attention to quality, convenience, and easy maintenance. Major improvements include a fully replaced sewer line from the house to the street with the largest residential grinder and pump system available, updated electrical and plumbing systems including new panel boxes, GFCIs, and water heater pan, and a seven year old roof. Recent work to the street's storm drain by the city is an added peace of mind! The attic features blown in insulation for improved efficiency, and new double pane windows have been installed throughout. Custom storm panels which are simple for one person to install provide extra security and protection. The home's construction upgrades extend to structural details: all additions, including the master suite, screened porch, and spa pool area, were built with Simpson hurricane rated straps and clips from ridge beam to foundation. The property was also professionally treated with Termidor in 2024, offering approximately 25 years of subterranean termite protection, and the foundation remains fully dry and sound. Outdoor living is the highlight here. The home's U shaped layout wraps around a private spa pool designed for both relaxation and fun. Steps away, you'll find a large gazebo, fire pit area, tree swing, 8' x 24' kennel, and vegetable garden with thornless blackberries, asparagus, and a Meyer lemon tree for fresh seasonal produce. The 6' privacy fence surrounds the backyard, while the front yard and curved walkway maintain a warm, welcoming curb appeal. Designed with comfort and security in mind, this is an ideal home for anyone seeking a balance of functionality, low maintenance, and charming outdoor spaces. It's a truly cared for property waiting for its next owner to enjoy the quality and thoughtfulness built into every detail. Home is staged to show and being offered with current furnishings however if desired furnishing can be removed at no expense to the buyer prior to close.

1304 Buena Vista Boulevard, Panama City

8617 Marlin Place Unit 16, Panama City
$279,000
3 Beds ⋅ 3 Baths ⋅ 786955 MLS
INCREDIBLE VALUE UNDER $280K IN PANAMA CITY BEACH! Welcome to 8617 Marlin Place, a move-in ready 3-bedroom, 2.5-bath home tucked inside a quiet, gated 24-home community with a pool--all just minutes from the beach, St. Andrews State Park, Naval Support Activity Panama City, shopping, dining, and more. Built in 2015 and recently refreshed with new interior paint, this charming cottage-style home offers a smart, functional layout with the primary suite conveniently located on the first floor, complete with a walk-in closet and private bath. The open main living area features 9-foot ceilings and flows into a beautifully appointed kitchen with Carrera marble countertops, white shaker cabinetry with crown molding and glass accents, stainless steel appliances, and a center island. Upstairs, two additional bedrooms provide plenty of space for family, guests, or a home office, including one with access to a private balcony--the perfect spot to enjoy the coastal breeze. Residents enjoy a community pool, gated access, and HOA-maintained common areas, pool, and trash service. Each residence also includes its own private gated storage area. Now offered at just $279,900, this is a standout opportunity to own a newer home in Panama City Beach without the condo lifestyle or condo price tag. Ideal as a primary residence, second home, or long-term investment, 8617 Marlin Place delivers location, lifestyle, and exceptional value at a price that's increasingly hard to find in PCB.

8617 Marlin Place Unit 16, Panama City

107 S Cove Boulevard, Panama City
$270,000
4 Beds ⋅ 2 Baths ⋅ 786373 MLS
Nestled beneath beautiful mature oak trees on a quiet, tree-lined street in the highly desirable Cove neighborhood, this charming home offers space, character, and an exceptional location just minutes from the heart of Panama City. The home features a classic and traditional layout with four bedrooms and multiple living spaces, including a formal living room, separate family room, and a formal dining room, providing flexibility for both everyday living and entertaining. This thoughtful floor plan offers defined spaces while maintaining a comfortable flow throughout the home. Original hardwood floors add warmth and timeless character to many of the main living areas, while the bedrooms feature comfortable carpeting. Large windows bring in natural light and enhance the home's inviting atmosphere. The interior reflects the home's original charm and has been well maintained over the years, offering a wonderful opportunity for a new owner to update and personalize while preserving its classic style. Additional highlights include a newer roof, a circular driveway, and a spacious fenced backyard that provides plenty of room for outdoor enjoyment, gardening, or future enhancements. Located in the historic and beloved ''The Cove'' community, the property offers convenient access to waterfront parks, marinas, and the continued revitalization of downtown Panama City. The downtown area has seen exciting growth in recent years with new restaurants, shops, and gathering spaces that have helped transform it into one of the most vibrant and walkable parts of the city. Whether you're searching for a charming first home in a well-established neighborhood or looking for a property you can update and modernize over time, this home presents a wonderful opportunity to invest in one of Panama City's most desirable and historic communities.

107 S Cove Boulevard, Panama City

605 E 2nd Place, Panama City
$349,500
4 Beds ⋅ 2 Baths ⋅ 784590 MLS
$10,000 seller credit at closing! This one is a MUST SEE. Tons of updates, meticulously maintained and full of character. With 4 spacious bedrooms, 2 bathrooms and a fenced back yard offer plenty of space to settle in. Modern comforts meets the timeless charm of a classic Cove home. Located in one of the most established neighborhoods in Panama City. Step inside to an inviting and open floor plan, thoughtfully designed to maximize space and light. The spacious primary suite offers a peaceful retreat with a large walk-in closet and a spa-inspired ensuite bathroom. Three additional bedrooms provide flexibility for family, guests, or a home office. Enjoy year-round outdoor living with beautifully landscaped grounds and ample yard space--perfect for entertaining or relaxing in a serene setting. Major upgrades include the roof and A/C (2020), fully updated electrical and plumbing, and new flooring throughout. In 2023, the subfloor was replaced with durable metal beams backed by a lifetime warranty, adding long-term structural peace of mind. The crawlspace is equipped with a permanent dehumidifier and moisture barrier for added energy efficiency. Additional highlights include a brand new LG washer, dryer, and stainless steel appliances, making this home truly move-in ready. Modern finishes, clean lines, and a warm, welcoming ambiance make this home ideal for quiet evenings or hosting guests. Conveniently located near top-rated schools, shopping, dining, and entertainment, this stunning bungalow offers the perfect blend of comfort, style, and location.

605 E 2nd Place, Panama City

603 Dewitt Street, Panama City
$550,000
4 Beds ⋅ 4 Baths ⋅ 753302 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS'It is our distinct pleasure to present to you with this charming home for sale located at 603 Dewitt Street in the highly sought-after neighborhood of Bunkers Cove. Nestled in a beautiful community, this bungalow-style home boasts 4 bedrooms and 3.5 bathrooms spread across 2300 square feet of living space. From the moment you step through the door, you will feel at home in this one-of-a-kind property. Get ready to be WOWED! This home is not just a house, it is a story waiting to be told. Imagine waking up to the sound of birds chirping and the gentle rustle of trees, as the morning sunlight pours into your vaulted ceiling living space. The open-concept layout is perfect for entertaining guests or spending quality time with your loved ones. With 2 primary suites, each with its own modern and updated bathroom, this home offers privacy and convenience. The entire home has been completely renovated, featuring many custom high-end finishes. But the features of this home do not end there. As you step outside, you will find yourself in your own private oasis. For those who love the outdoors, the spacious driveway is equipped with water and sewer hookups for RVs, making it the perfect spot for adventure seekers. And let's not forget about the in-ground 10 ft X 24 ft sports pool, perfect for cooling off on those hot summer days or for some fun and games with family and friends. Location is everything, and this home is at the heart of it all. Surrounding the property are fantastic amenities such as the Yacht Club, community parks, and golf-cart-friendly streets, providing endless opportunities for outdoor activities. If you're a foodie or enjoy a good shopping spree, you'll love being just a short drive away from downtown Panama City and its array of restaurants and retail options. The 2-car detached garage offers ample space for storage or can be used as a workshop for those who love DIY projects. We may be biased, but this home is truly the ideal home for any buyer. The features of this home appeal to a wide range of buyers, from families looking for a safe and spacious home to young professionals seeking a tranquil retreat from their busy lives. The location also provides easy access to various attractions, making it a perfect home for first-time buyers, retirees, and everyone in between. Don't miss out on this fantastic opportunity to own a piece of paradise in Bunkers Cove. Schedule a viewing today and let us help you write the next chapter in this home's story. Be sure to hurry because this gem won't stay on the market for long. Contact your favorite Agent now to schedule your private tour and get ready to fall in love with your dream home.

603 Dewitt Street, Panama City

3200 W 16th, Panama City
$510,000
4 Beds ⋅ 2 Baths ⋅ 756206 MLS
This spectacular Bungalow, in Historic St. Andrews, is on Lake Huntington and comes with its very own dock! Jump in your boat and have a 5-minute boat ride to Shell Island or drive your golf cart to some of the finest restaurants and shops in St. Andrews! This property is quite the gem! There is a main house, a cottage and a shed that shares the adorned courtyard! From the main house, there are views of the lake from the kitchen, living room, dining room, master bedroom and one of the guest bedrooms. Not to mention, the house has been completely renovated, from a new HVAC, updated electrical, plumbing, a tankless water heater, a water filtration system, plus new LVP flooring throughout. Some other updates include quartz countertops, new appliances, new cabinets, new granite composite sink and a kitchen island! This house has also been painted from top to bottom and has all new lighting! Even though this 3 bedroom, 1 bath bungalow has been updated, it has not lost its historic charm. The wainscoting, the archways, doorways and some of the original doorknobs keep it true to form! Every last detail has been thought of including the absolutely adorable cottage, from its own sitting porch to the queen size bedroom and the full bathroom! You can get creative! This could be used as guest quarters, an AirBnB for the fabulous St. Andrews area, it could be rented to traveling nurses since it is in close proximately to several hospitals or it could be used as an office! This space is limitless! There is also a nice sized shed for all of your storage needs that is insulated and houses a sprinkler system. The house, the cottage and the shed all have new roofs. The best feature of all is the dock on the lake, which has Gulf Access! There have been many dolphins spotted with their young in Lake Huntington. They have been seen quite frequently teaching them foraging techniques! This property has it all! Nearly a brand-new house, a possible investment opportunity, water activities, wildlife and the bustle of a vibrant community! This is a must see!

3200 W 16th, Panama City

903 Buena Vista Boulevard, Panama City
$470,000
3 Beds ⋅ 3 Baths ⋅ 761896 MLS
Welcome to a rare oasis in the highly sought after area of St. Andrews. This beautiful 3/2 home, sitting on a .43 acre lot, is just over a block from the bay and minutes to both historic St. Andrews and downtown Panama City. Recently renovated, an expansive split floor plan, and a beautifully landscaped fenced yard are just some of the numerous amenities that you won't want to miss! As you enter this home, you will notice an open and airy floor plan with wood-look tile throughout. The large impact rated widows let sunshine fill every room and brings the outdoors in with their expansive views. This spacious kitchen is a cooks dream boasting tiled backsplash, new appliances, a pot filler above the stove, and a large pantry. A charming stoned wall gas fireplace adorns the living and dinning room. Directly off the living room is a hallway with a half bath and the master ensuite. This generous master suite features a bath with a clawfoot tub, tiled walk-in shower, his and hers sinks, and a vast walk-in closet. To the other side of the kitchen, and house, you will find a large room with an open area, kitchenette, a full bathroom, and 2 bedrooms that can be used to meet your needs! This area is currently a successful Air BnB that has it's own private entrance and can be closed off from the main house if desired. If you are looking for a home that can provide you additional income, look no further! The outside of this home in unlike anything you'll find in the area. Sitting far back off a quiet street, this large, beautifully manicured, lot features 3 storage sheds, a spacious patio great for gathering and wired for a hot tub, and a sprinkler system that has its own well water supply with New well pump. If looking to add a pool, this property has more than enough room to do so with plenty to spare. For all the boaters, this property hosts ample space to park your boat or create your ideal setup. If you love to be on the water and are ready to launch, take your boat to one of two marinas that are within 5 minutes of the house. If you love to entertain, this home boasts all the features, inside and out, to host a great event. Want the quiet, enjoy the serenity and nature of the beautiful yard and location. If you're into exploring, shopping, dining, or going out for a drink you couldn't pick a better location that's within minutes from all. Whatever you desire, this home has to offer. Don't let this rare gem pass you by! Call or email to schedule a time to view this home. All measurements are approximate and must be verified by buyer.

903 Buena Vista Boulevard, Panama City

1407 Calhoun Avenue, Panama City
$285,000
3 Beds ⋅ 2 Baths ⋅ 774700 MLS
'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Welcome Home to St. Andrews Living! This beautifully updated home, perfectly situated in the heart of historic St. Andrews, is ready for its next proud owner. Just a short walk—or golf cart ride—to Finn's, Uncle Ernie's, and all the charming shops and restaurants the area is known for. Even Downtown Harrison Avenue is just minutes away by cart! From the moment you step inside, you'll feel the warmth and character this home offers. The spacious living room flows seamlessly into a stunning open-concept kitchen, ideal for both everyday living and entertaining guests. Featuring sleek quartz countertops, stainless steel appliances (all included!), and tasteful finishes throughout, this kitchen is a showstopper. The flexible bonus room offers endless possibilities—whether you need a home office, playroom, or creative space. Each bedroom is filled with natural light, and the primary suite includes an updated en-suite bath. The second full bathroom is equally stylish with beautiful tile work. Step out back and discover your own private oasis—a generous backyard with a covered porch perfect for relaxing, entertaining, or gardening. Picture yourself enjoying warm Florida sunsets and cool evening breezes under the shelter of your custom deck. A major bonus: fully paid-off solar panels that drastically reduce your electric bills—some months as low as $30! These convey with the home, offering incredible long-term savings and sustainability. This charming, move-in-ready home truly has it all—location, style, efficiency, and endless potential. Don't miss your chance to own a slice of paradise in one of the most beloved neighborhoods around. Schedule your private showing today—this gem won't last long!

1407 Calhoun Avenue, Panama City

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