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$550,000
7 Beds 7 Baths 760978 MLS
Attention investors and/orowner occupants. This excellent investment opportunity awaits you in the heart of Historic St. Andrews. Just two blocks from the Bay on a corner lot this property is zoned multifamily consisting of two structures; a single family home of 3,400 sqft with 4 bedrooms and 3.5 bathrooms, and a triplex with 3 one bedroom one bath apartments. Separate water and electric meters for both structures. The main home has a mother-in-law quarters that can also be separated to give a total of 5 rentals. Fiberglass pool with saltwater system Large lot with room for your ATV, boat or jet skis 2 car garage Rental income of $5500-$6500/month, excellent Cap rate of at least 8% SEE PROPERTY INCOME/EXPENSES ATTACHED IN DOCUMENTS Seller is motivated, bring all offers!

3900 W 17th St, Panama City

$160,000
7 Beds 4 Baths 744269 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Great investment opportunity with this multi-family property! Live in one home and rent the other for cash flow, or make this into a multi-generational home with family nearby. The first home is 3BD/2BTH, built in 2019 and has 1,296 sq ft of comfortable living space. The master is large, and has an en suite bathroom and walk in closet. The other two bedrooms are spacious, and have access to the 2nd bathroom. Behind the home there's a large covered deck and walking area. The second home is 4BD/2BTH, 1,440 sq ft. , and has a new roof. The homes have been well maintained and cared for, and sit on nearly one acre! This property is a must see in person!

5942 Tanner Road, Panama City

$590,000
6 Beds 4 Baths 779296 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Stunning 6 Bedroom plus 2 BONUS ROOMS Home with Pool on .71 Acres - Move-In Ready with breathtaking Updates! This beautifully updated residence offers an impressive 5,981 sq. ft. of living space with 6 bedrooms, 2 bonus rooms, multiple living areas, and a backyard oasis perfect for entertaining. With major upgrades already complete—including a new pool pump (2021), HVAC system (2020), and a durable metal roof (2019)—future homeowners will enjoy peace of mind and modern comfort. Inside, the home showcases a perfect balance of southern charm and modern elegance. The renovated kitchen is a showpiece, featuring butcher block counters, stainless steel appliances, updated cabinetry, a breakfast bar, coffee bar, shiplap accents, and an expansive window overlooking the formal dining room with gorgeous wood beams. An antique stove adds a unique touch of character and culture. The master suite offers incredible space with a cozy fireplace, walk-in closet with custom shelving, and a spa-like bathroom complete with a standalone tub, double vanity, and a massive walk-in shower. Additional bedrooms provide plenty of room for family, guests, or home office setups. For entertaining, the home includes a heated and cooled entertainment space with a bar, fireplace, and room for a pool table, plus an upstairs living area with yet another fireplace, additional bedrooms, and a full bathroom. Step outside to your private oasis: a sparkling pool, large covered porch, pergola with swing, and a spacious backyard with room for gardening, play, or relaxation. A large storage shed is included, and the property is located just 1,000 feet from a boat ramp, perfect for water enthusiasts. Situated on .71 acres, this home already offers an incredible amount of space, but buyers also have the option to purchase the adjacent half-acre lot, creating a combined estate of over 1.26 acres. With its spacious design, thoughtful updates, and unmatched lifestyle features, this home is truly one-of-a-kind. Schedule your private showing today and discover the perfect blend of comfort, charm, and convenience.

1428 Parkway Drive, Panama City

$2,825,000
6 Beds 5 Baths 769495 MLS
Gulf-Front Oasis with Private Saltwater Pool & Excellent Rental Income! This stunning 6-bedroom, 4.5-bath beachfront home offers the ultimate luxury coastal living experience, sitting directly on the sugar-white sands of Panama City Beach--zero steps to the beach! With approximately 2,850 sq. ft., this beautifully designed home provides expansive Gulf views from nearly every room. The open-concept floor plan features a nice kitchen and a spacious living room and dining area, perfect for large gatherings. The living area is bright and airy, with large windows that capture breathtaking sunset views over the Emerald Coast. The two king bedrooms on the main floor are en suite. Upstairs, the four bedrooms offer ample space for guests, each designed with comfort and relaxation in mind; they provide flexibility for families or rental guests, ensuring everyone has their own space to unwind. Step outside to over 1,800 sq. ft. of outdoor decking, including 450 sq. ft. of covered space, ideal for enjoying the soothing sound of the waves or escaping the midday sun. The private saltwater pool is the perfect place to cool off while taking in the unobstructed views of the Gulf of America. With ample parking for boats, motorcycles, or RVs, this home is designed for both relaxation and adventure. Whether you're looking for a primary residence, vacation home, or a high-income rental investment, this property delivers! Proven rental history makes it a turnkey investment opportunity, generating strong and consistent revenue. Located on Surf Drive, this home is just steps from Captain Jack's Crab Leg Buffet and minutes from some of the area's best dining and entertainment, including Schooner's, Grand Marlin and Captain Anderson's. Enjoy easy access to St. Andrews Bay, Shell Island, fishing charters, golf courses, and family attractions. This is your chance to own a piece of paradise on Panama City Beach--schedule your private showing today! $352263 on the books for 2025 and $340000+ for 2026 and over $100000 for 2027 (as of July 9, 2026)

8205 Surf Drive, Panama City

$2,595,000
7 Beds 9 Baths 768772 MLS
Back on the market with new rental company! New Construction, 7 bedrooms, 7 baths, on east end just across the street from Gulf with great Gulf views and public access just 50 yards away from front door. Our best rental plan, sleeps 18 The house is a fully furnished Beach House is designed to be a rental machine. Income models area available and already on rental program. Upon entering the home from the front door, the first two bedrooms are located to the left and to the right. Both bedrooms feature a large king bed with 2 twin beds and their own private en-suite each with a walk-in shower. Leaving the bedrooms, the hallway leads to an open living area with a large TV, shuffleboard, foosball game and wet bar. This living space features a sliding glass door that takes you to this home's private backyard area which features a fully furnished outdoor deck with lounge chairs and a dining table, a private heated pool, and a charcoal grill. The first floor is also home to a half bathroom and the 1st washer and dryer set. Going up to the 2nd floor is the main living room, dining room, fully equipped kitchen with an eat-in-bar, and another wet bar for your convenience. On this floor, there are two more bedrooms, each one featuring a large king bed and a private en-suite with walk-in showers. There's a furnished walkout balcony off the main living room which offers a great place to relax and enjoy the views. There is also a half bathroom located in the hallway on this floor. On the 3rd and final floor, there are the three remaining bedrooms. Two of these bedrooms have a king bed and private en-suite with walk-in showers. This next bedroom you'll want to be quick to claim! Towards the frontside of the home is the luxuriously styled master suite with a large king bed, a private walkout balcony with great views, a private en-suite with double vanities, large soaking tub, and walk-in shower. The 2nd laundry room is also located on the 3rd floor.

8320 Surf Drive, Panama City

$1,497,868
12 Beds 12 Baths 774971 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS WOW - 2% Seller Concessions! Prime Investment: Newly Constructed Quadplex in High-Demand Panama City Beach Location Capitalize on a premier investment opportunity with this newly constructed four-unit property, ideally situated in the high-growth North Lagoon area of Panama City Beach. As the only new quadplex currently available, this property offers a significant competitive advantage in the local rental market. Four Turnkey 2-Story Units with each of the four identical, thoughtfully designed units boasts 1,789 square feet, featuring 3 bedrooms, 2.5 baths, and an attached single-car garage. Premium Rental Appeal Experiences high-end finishes and modern design throughout. The beautiful floor plan includes a generously sized laundry room, a walk-in pantry, a dedicated dining room, and a spacious kitchen with an island, all adorned with quartz countertops and champagne bronze fixtures. Gold electrical fixtures enhance every room. The first floor also features a convenient half bath for guests and an expansive living room. Upstairs, all bedrooms continue the theme of elegant gold finishes. Bathrooms are a luxurious retreat, showcasing gold and white tile, champagne bronze finishes, and quartz countertops on every vanity. This build also offers desirable lagoon views, to attract quality, long-term or short-term tenants and command top-market rent. Low Maintenance, No HOA, one year builder warranty with this brand-new construction ensures minimal capital expenditures and repairs for years to come, further benefiting from the absence of an HOA. Strategically Located being situated within an established subdivision at the east end of Panama City Beach, the property is just moments from the beach and a public boat ramp, guaranteeing strong and consistent tenant demand. Flexible Financing Available qualifying for both VA and Conventional loans, this property offers diverse strategies for acquisition and owner-occupancy. This is a rare opportunity to acquire a high-yield, low-maintenance asset, meticulously designed for maximum cash flow and long-term appreciation in one of Florida's most robust markets.

102 Grand Lagoon Shores Drive Unit 1-4, Panama City

$900,000
6 Beds 8 Baths 773610 MLS
THE MOST DESIRABLE INVESTMENT ON THE MARKET - DUPLEX FOR SALE IN A PRIME LOCATION, PERFECT FOR SHORT-TERM RENTALS! SOLD AS TURNKEY INVESTMENT! Modern, stylish and READY TO GO - the duplex is located just 3-minute walk from the beach. Designed specifically for vacation rental, each side (Unit A & B) offers 3 bedrooms, 3.5 baths, a bunk bed area, and spacious open-concept living area. Each unit can accommodate up to 10 guests - totaling 20 FOR THE WHOLE HOUSE !! THAT'S A RENTAL MACHINE! Upscale construction, thoughtfully planned with guests in mind. The home features 10-foot ceilings, custom accent walls, LVP flooring, tiled walk-in showers and two spacious 5x40 ft covered balcony perfect for morning coffee with Gulf views. The property is fully-equipped with modern kitchen appliances and high-end finishes, including 2 tankless water heaters and 2 HVAC systems with smart thermostats. Outside, the duplex offers 2 large fenced yards, each with a gazebo, gas grill, and outdoor dining/ lounge space - plenty of room to add pools in the future. Thomas Dr is one of the fastest growing areas in PCB - close to many restaurants, shopping and local attractions. NO HOA FEES ! 2024 GROSS RENTAL INCOME: $124,000 2025 GROSS RENTAL INCOME: $123,000 Whether you're an experienced investor or new to the short-term rental market, this is a rare opportunity to obtain a high-performing investment property just steps from the Most Beautiful White Sands ! SCHEDULE YOUR SHOWING TODAY !

6606 Thomas Drive Unit A & B, Panama City

$540,000
6 Beds 6 Baths 776579 MLS
Currently under contract, seller accepting backup offers. Convenient location- this beautifully renovated duplex is just a short walk to the sugar-white sands and nearby boat ramps, offering the perfect mix of beachside living and strong rental potential. Each side features 3 bedrooms and 2.5 baths, providing spacious comfort for residents or guests. Inside, you'll find a bright, open floorplan with flooring, cabinetry, appliances, and bathrooms redone in 2022--all designed with a modern coastal flair. Fully furnished and turnkey ready, it's set up for immediate rental success. Outside, enjoy a fenced yard, ample parking, and a peaceful setting on a quiet street--ideal for both relaxation and entertaining. Located near top local attractions including Grand Lagoon, St. Andrews State Park, charter boats, and popular restaurants, this property is perfectly positioned to attract vacationers and long-term tenants alike. Whether you're looking for a vacation home, a short-term rental, or a long-term income property, this move-in-ready duplex delivers on every level. Start earning from day one--this is beachside investing made easy! All measurements are approximate and should be verified by buyer if important.

6315 Hilltop Avenue, Panama City

$1,400,000
16 Beds 16 Baths 766313 MLS
Introducing a rare opportunity to expand your portfolio with a brand-new construction featuring four duplexes, totaling eight meticulously designed units. Each 905-sq.-ft. unit offers two bedrooms and two bathrooms, delivering modern living spaces tailored for both long-term and short-term rental flexibility. Thoughtfully crafted for comfort and style, these units feature premium finishes, including sleek quartz countertops and soft-close drawers and doors in the kitchen and bathrooms. Brand-new appliances add to the property's appeal, ensuring a low-maintenance investment for years to come. Strategically situated just 1.5 miles from popular destinations like Target, Starbucks, and the vibrant shopping and dining options on Highway 77 and 23rd Street, this property offers unparalleled convenience for tenants. Additionally, its proximity to schools and hospitals further enhances its desirability. Currently, seven of the eight units are rented long-term, providing immediate cash flow, while the flexibility to utilize short-term rentals offers additional income potential. This turnkey investment is ideal for savvy investors looking to secure a high-demand property in a prime location with excellent growth potential. With its exceptional quality, strategic location, and rental versatility, this investment promises long-term stability and value. Seize this opportunity to add a modern, income-generating property to your portfolio.

2729 Carol Lane, Panama City

$900,000
6 Beds 4 Baths 778444 MLS
Welcome to the country in the city. This beautifully renovated expansive home with a whole guest house sitting on nearly 3 acres in the heart of Panama City. What is better than privacy and location!!! The main home features nearly 3,000 sq ft of exquisite updates inside, a scenic paver circular driveway, plenty of space for entertaining inside and out. Updated designer kitchen, spacious living area and a Florida room overlooking the magnificent pool! that's right all this and your own private pool. This home also features a whole other home built in 2018 that includes 2 bedrooms and 1 bath. Perfect to use as a mother-in-law sweet or teenage or college kid quarters. There are 2 barns on the property as well that have some damage but are easily still able to be redone and used for whatever your heart desires. Imagine the country lifestyle while still being close to everything Panama City has to offer. Enjoy the summer evenings by the pool with your family. This home definitely has a little bit for everyone in your family and might even make your friends jealous.

3438 Token Road, Panama City

$5,250,000
6 Beds 8 Baths 760174 MLS
CONTACT LISTING AGENT TO DISCUSS NEW HUGE SELLER INCENTIVES BEING OFFERED. This is the newest built home for sale on the beachfront! 6-bedroom, 6-bathroom house offers over 4,600 square feet of luxurious living space. Situated directly on the beach with private access, this home provides an unbeatable coastal lifestyle. The spacious interior includes gourmet kitchen with high-end appliances and custom cabinetry. Each bedroom features an en-suite bathroom and comes fully furnished with stylish décor. An elevator ensures easy access to all levels of the home. Outside, enjoy your private pool with breathtaking ocean views. The expansive deck is ideal for sunbathing, dining, and entertaining. This home combines luxury and comfort in a stunning natural setting. Sold fully furnished as turn-key, high producing vacation rental!

9704 Beach Boulevard, Panama City

$375,000
6 Beds 3 Baths 778429 MLS
PRICE DROP- MOTIVATED SELLERS! Accepting all offers until July 7th. Bring your best offer. Calling Visionaries - Historic Home Ready for Full Renovation. More than just a home, this victorian inspired-style property is the opportunity to create your own vision while maintaining a piece of authentic Florida history. Built at the turn of the 20th century, it has had a succession of eminent owners and custodians over the past 125 years, each contributing to its character while retaining its historic distinction. Heralded as one of the ''finest Victorian eclectic-style houses in Panama City,'' it is probably the only Folk Victorian home on the market in the city. This beautiful treasure stands proudly on an expansive quarter-acre corner lot beneath mature live oaks draped with trailing Spanish moss. Just a short walk from St. Andrews Bay, this remarkable home boasts water views from the second floor. Traditional balconies and porches provide generous areas for relaxing, reading, and entertaining, with fresh breezes enhancing the alfresco lifestyle. The first floor has been taken down to the studs and is ready for your vision, while the generous living spaces and multiple sleeping accommodations make this grand home versatile--ideal for a multi-generational family or a variety of other uses.The charming two-bedroom carriage house on the property provides a rental income potential from day one. The door opens into an open living room with wood flooring, a well-equipped modern kitchen, and a comfortable living room. Two bedrooms include a light-filled first-floor bedroom with large windows and a built-in closet. The second-floor bedroom oozes charm and character with skylight windows for stargazing and doors opening onto a small balcony. A modern bathroom with antique-style black fittings transitions old and new. Those looking for a prestigious home that's completely out of the ordinary with a legacy of history and opportunity will find this residence checks all the boxes. Located in the sought-after Beach Drive neighborhood, the home is currently pending a Historic Marker, requested by the Panama City Historic Society to be placed as part of the Sidewalk Improvement Project. This unique home is within easy walking distance to downtown coffee shops, restaurants, breweries, parks, festivals, and the farmers​​‌​​​​‌​‌​​​​‌‌​​‌‌​‌‌​​‌​​​‌​‌ market.

710 Moore Circle, Panama City

$908,500
7 Beds 5 Baths 777741 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Lakefront Living in the Gated Community of Lake Merial Welcome to 111 Lake Merial Blvd, a spacious lakefront property offering flexibility, privacy, and room for everyone. With 5 bedrooms and 4.5 bathrooms, plus a 940 sq ft detached in-law suite with an ADDITIONAL 2 bedrooms and 1 bath, this property is ideal for multi-generational living, extended guests, or those who simply want space to spread out. Main Home Interior Step inside to freshly painted spaces with new trim, hardwood floors, tray ceilings, and thoughtful upgrades throughout. The living room features an electric fireplace with built-in air purifier, creating a comfortable gathering space for family and friends. The kitchen and dining areas are designed for entertaining or everyday meals together. The primary suite includes a spa-like bathroom and a large walk-in closet, while the upstairs main bedroom is equipped with surround sound, perfect for relaxing or creating a true media retreat. Garage & Property Configuration This property offers the best of both worlds with a functional 786 sq ft attached 3-car garage featuring a custom epoxy floor and wiring for a Tesla/EV charger, along with a separate detached 940 sq ft in-law suite that was converted from the original detached garage. Detached In-Law Suite Located just down the stone steps from the main home, the detached suite includes two bedrooms, a fully completed bathroom, living area, kitchenette, and mud room entry. It also features a dedicated 50-gallon hot water heater, ensuring comfortable independent living. A large upstairs storage space provides convenient access for seasonal items and family keepsakes. This flexible space works well as a guest retreat, home office, studio, or multi-generational living quarters. Outdoor Lifestyle Situated on nearly an acre (.843 acres), the outdoor space was designed for both entertaining and relaxation. Enjoy: • A shaded back porch ideal for morning coffee or evening sunsets • A brand-new gazebo with electricity that can serve as an outdoor office or entertaining area • A 6-person hot tub positioned perfectly for stargazing • A freshly sanded private beach area along the lake for gatherings or peaceful evenings by the water • Mature landscaping highlighted by a 20-year-old palm tree The oversized driveway easily accommodates 20+ vehicles, making it ideal for hosting family events, parties, or simply giving kids plenty of room for bikes, basketball, and outdoor play. Utilities & Efficiency This property is designed with efficiency and practicality in mind. • Paid-off solar panels help reduce energy costs • Two separate 50-gallon hot water heaters (one for the main home and one for the in-law suite) • Two wells with an irrigation system for maintaining the landscaping • Whole-house hurricane shutters for added peace of mind • Lakefront property that is NOT located in a flood zone Community Lifestyle Lake Merial offers a unique lifestyle with two private lakes for fishing, kayaking, and boating, along with a central park featuring a book exchange, gathering space, and community activities. Sidewalks and walking trails run throughout the neighborhood, including a trail that connects directly to Deane Bozeman School, making daily routines easy and convenient. Behind the gates you'll find peace, privacy, and nature, while still being just minutes from Lynn Haven, Panama City, and the Gulf Coast beaches. This property combines space, flexibility, and lakefront living in one of the area's most desirable communities. Schedule your private showing today and experience everything this unique Lake Merial property has to offer.

111 Lake Merial Boulevard, Panama City

$415,000
6 Beds 4 Baths 770411 MLS
This brand-new duplex under construction in the heart of St. Andrews offers an incredible opportunity for investors or homeowners looking to generate rental income. Each unit features 3 bedrooms and 2 bathrooms, designed with raised ceilings and LVP flooring throughout for a modern and durable finish. The charming board and batten siding adds to the home's curb appeal, while the spacious layout ensures comfortable living.With ample parking for each unit, this property is ideal for tenants or owner-occupants with multiple vehicles. Located in the desirable St. Andrews neighborhood, you're just minutes from local shops, restaurants, and the waterfront.This new construction duplex is 45-60 days from completion and will qualify for all types of financing, including VA, FHA, and conventional loans, making it an excellent choice for a wide range of buyers.Please note: The pictures used are from a previously built duplex and are provided to showcase the expected layout and finishes of this home.Whether you're looking for a strong rental investment or a place to call home while earning passive income, this duplex has it all! Don't miss out--schedule your showing today

1615 Wilmont Avenue, Panama City

$475,000
6 Beds 4 Baths 769731 MLS
This is a scarce opportunity. Two duplexes, Buildings C and D, two-bedroom, one-bath, and Buildings A and B, one-bedroom, one-bath, are for sale together. There are four water and four electric meters; all utilities are separate. These two buildings have fully remodeled plumbing, electricity, roofs, water heaters, and floors, with effective dates 2012 and 2020.ACs and water heaters are 4 to 5 years old. All units come with washer and dryer connections.This quadplex collects 4,045.00 dollars, almost $50,000 a year. All leases is due to increase when it's time to renew.Great opportunity for owner-occupier.FHA!!- gross income at the current rate is $48,500.00- Insurance is $4000- Taxes are $5,673.36- Vacancy and Maintenance at 5% is $2425- Net Operating income is $36,401.64- CAP Rate is 7.2%

1902 Louise Avenue Unit A,B,C&D, Panama City

$2,475,000
6 Beds 4 Baths 768553 MLS
Beachfront Paradise AwaitsExperience the ultimate in beachfront living with this stunning 6-bedroom, 4-bathroom fully furnished home, perfectly situated on the Gulf of Mexico in East Panama City Beach. Just a short walk to local restaurants, shopping and entertainment, this property offers breathtaking views and the convenience of a prime location.Step onto the expansive beachfront deck, built with durable Trex decking and equipped with a staircase that leads directly to the sand. After a day by the water, rinse off in the outdoor shower and unwind as the sun sets over the Gulf.Inside, the main level features an open-concept living and dining area with tall ceilings and luxury vinyl plank flooring, perfect for entertaining. The waterfront master suite offers private deck access and an ensuite with a jacuzzi tub, separate shower, and double vanities. The main floor also includes an additional bedroom, full bathroom, and a charming bunkroom.Upstairs, three more bedrooms, two bathrooms, and a cozy second living area open onto a private balcony with panoramic Gulf views. Whether you're enjoying morning coffee or evening sunsets, the views here are unforgettable.This home is built for both beauty and durability with a metal roof, new AC installed in 2024, and the space to add a luxury pool in the large backyard (pre-assessed for installation).Located on one of the larger Gulf-front lots in unincorporated Bay County, this property offers more flexibility than homes within Panama City Beach city limits. Whether you're seeking a full-time residence, a vacation retreat, or an investment property, this home delivers.

5609 Gulf Drive, Panama City

$400,000
12 Beds 7 Baths 766315 MLS
This property is a MULTI-FAMILY INVESTOR and DEVELOPERS DREAM! This 5-acre parcel currently brings in $4,000/month in income and has incredible potential for future development. Positioned in Lynn Haven, recently named one of the TOP 10 places to live in Florida, you'll find 5 acres zoned Medium Density that currently holds MULTI-FAMILY investment properties where all structures are occupied by tenants. Bringing in $4,000/month in income, this is a PRIME opportunity to cash flow from day 1 and hold the property for future development. 4525 Carla Lane offers 5 acres, zoned Medium Density Residential and density is 4-10 units per acre. Zoned for single family homes, duplexes, multi-family or group home - the possibilities are endless with this future development opportunity. This property includes 5 structures and are all occupied by tenants at this time. There is also a 30'x60' garage with 4 bays and roll-up garage doors. This garage is currently being used for storage by Owner but leaves opportunity to bring in additional income, if rented.This property is located less than 1/2 mile from Trane Technologies and the Lynn Haven Sports Complex, within a few miles of Publix, Dollar General and dining and within 2 miles of North Bay Haven Charter Academy.All information provided must be verified by Buyer, if important. Property is occupied by tenants. Please do not disturb tenants.

4525 Carla Lane, Panama City