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$2,900,000
795139 MLS
The St. Andrew School (also known as the St. Andrew Grammar School) is a historic site in Panama City, Florida. It is located at 3001 West 15th Street. On August 14, 1997, it was added to the U.S. National Register of Historic Places. It was constructed in 1926 and served as a Bay County school until Hurricane Michael damaged the buildings in October of 2018. In 2021, the city proposed turning the facility into a community center to include arts, culture, and events venue. A new Decra Roofing System (ceramic coated steel shingles) was installed in 2025. The total square footage is +/-23,387 square feet of heated and cooled space. The original school building (built in 1926) is +/-17,074 and the cafeteria and library building (built in 1957 is +/-4,760 square feet. There are several storage buildings and a large pole barn. The property is an entire block bordered by W. 15th Street on the north side, Beck Avenue on the east side, W. 14th Street on the south side, and Bayview Avenue on the west side. Located in the City limits of Panama City and currently zoned Public Institutional. The County, Panama City, and the residents prefer to save the original building and renovate for a new use. We are looking for creative investors and developers who have a vision to repurpose the property. Potential uses include, but are not limited to: cultural center, entertainment, special events, church, medical office, assisted living, professional office suites, schools (subject to approval)- performing arts, trade school, The St. Andrews community is thriving with many new shops and restaurants opening over the past several years. The St. Andrews School property is one of the last pieces of the puzzle that needs a new purpose.

3001 W 15th Street, Panama City
$2,900,000
794968 MLS
RARE DEVELOPMENT OPPORTUNITY to acquire approximately 41.5 acres within the Lynn Haven municipality with approximately 960 feet of frontage along Transmitter Road. This property is conveniently located near Highway 231 and Highway 390 and surrounded by residential growth, established neighborhoods, schools, recreational parks, shopping, dining, and other amenities. Water, sewer, and electric utilities are available in the area with fire hydrants nearby. Formerly used as a church campus, the property currently has a Future Land Use designation of P/I (Public/Institutional). Potential may exist to pursue a Future Land Use and/or zoning change for Low Density Residential or Medium Density Residential development (subject to governmental review and approval). Existing improvements include asphalt drives and large parking areas. With substantial acreage, road frontage, nearby utilities, and a convenient location, this property offers a great opportunity for future use or development. Call today for more information!

4501 Transmitter Road, Panama City
$2,695,000
794899 MLS
Fantastic opportunity!! Located on Hwy 390 near Sweet Bay this area is rapidly becoming a retail corridor. Publix shopping center and Starbucks along with other shops nearby. This unique property is 2.5 acres total with 295ft frontage on Hwy 390. It also has access at the rear of the property onto Florida Ave. Zoned General Commercial. FDOT 16300 trips daily. Two seperate parcels included. ID# 11760-010-030 and 11760-010-000 Let your vision be your guide and give us a call today!

3706 W Highway 390, Panama City
$2,075,000
2 Beds ⋅ 1 Baths ⋅ 794715 MLS
Investor opportunity! The Lenawee Apartments, located at 6318-6321 Lenawee St in Panama City, FL, offer a multifamily investment opportunity with 18 total units across five buildings. The property includes four quadplexes with 16 two-bedroom, one-bath units of approximately 750 square feet each, along with a duplex featuring two additional two-bedroom, one-bath units of approximately 832 square feet each. All five buildings were constructed in 1985 and feature stucco exteriors. Recent improvements include 2019 roofs and 2020 water heaters, and the units are individually metered for water and electricity. Conveniently located near retail, dining, major roadways, and Tyndall Air Force Base, the property offers strong potential for an investor looking to add a multifamily property to their portfolio.

6321 Lenawee Street Unit D, Panama City
$2,250,000
794590 MLS
Rare opportunity to own 1.69 acres of cleared, filled waterfront land with approximately 70 feet of waterfront frontage, seawall already in place, and an incredible location just minutes from Gulf access. At approximately 1100 feet deep, this expansive parcel offers exceptional privacy, flexibility, and room to create your ideal waterfront retreat. This property includes a shared driveway already in place and plans for a carriage house, providing an excellent starting point for development. Imagine building your dream home, adding your own private pier and keeping your boat right in your backyard, waking up to stunning sunrises, and ending your day gazing at the gorgeous Bay. This 3627 Delwood Beach Rd. property as it all. Substantial acreage, existing seawall, cleared and filled land, and close proximity to Gulf access, this is truly a special waterfront opportunity, a private oasis. Perfectly positioned just outside two highly desirable upscale neighborhoods, this property offers the rare combination of privacy, space and convenient access to the area's best amenities. The location provides an ideal lifestyle for boating, golfing, dining and beach days, all just minutes from your home. Seller is a licensed Realtor in the State of Florida.

3627 Delwood Beach Road, Panama City
$2,274,000
5 Beds ⋅ 5 Baths ⋅ 793825 MLS
Experience waterfront living at its finest in The Preserve on the Bay, one of Panama City Beach's most desirable gated communities. Set along the bay with expansive water views, this impressive 5-bedroom, estate offers 5,629 square feet of thoughtfully designed living space and an exceptional combination of luxury, privacy, and waterfront amenities. The spacious two-story interior is freshly painted and features wood flooring, new carpet, custom wood cabinetry, high-end gas appliances, and generous living areas designed for both everyday living and entertaining. The first-floor primary suite provides a private retreat, while a dedicated study offers an ideal space for working from home. Upstairs, additional bedrooms and a large bonus room provide flexibility for family and guests. Outdoor living is where this property truly shines. Enjoy the private pool, expansive covered patio, and breathtaking bay views from the comfort of your own backyard. A private dock provides convenient access to the water and creates an exceptional setting for enjoying Northwest Florida's beautiful waterways. Additional features include an oversized four-car garage, circular driveway, brick construction, and ample storage. Located within the 24-hour gated and guarded community of The Preserve on the Bay, this extraordinary property offers a rare opportunity to enjoy a private waterfront lifestyle while remaining close to the beaches, dining, shopping, and amenities of Panama City Beach.

3714 Preserve Bay Boulevard, Panama City
$2,850,000
2 Beds ⋅ 2 Baths ⋅ 793644 MLS
32 Units, 8 PID numbers, entered for comp purposes

3914 E 11th Street, Panama City
$2,000,000
8 Beds ⋅ 10 Baths ⋅ 793380 MLS
Brand-new construction duplex, perfectly positioned just a 3-minute stroll from the beach with no HOA! Designed for elevated living and exceptional rental performance, each townhome offers approximately 2,500 square feet of thoughtfully curated living space, featuring 4 spacious bedrooms, a bonus living area, and 4.5 designer bathrooms. Every detail has been carefully selected, from the premium luxury vinyl plank flooring and quartz countertops to the Frigidaire Gallery appliance package, designer lighting and plumbing fixtures, and commercial-grade Hayward pool equipment with private heated pools. The first floor welcomes you with a private guest suite featuring an en-suite bath, while the expansive open-concept kitchen, dining, and living areas flow seamlessly to a covered outdoor living space complete with a fireplace and private heated pool--creating the perfect setting for entertaining or relaxing after a day at the beach. The second level offers two generously sized bedroom suites, each with its own en-suite bath and walk-in closet, providing comfort and privacy for family and guests alike. The third floor serves as a private retreat, featuring a spacious bonus living room, convenient kitchenette, and access to an oversized covered balcony where you can enjoy Gulf views and coastal breezes. An additional bedroom suite with a walk-in closet and en-suite bath completes this level, while multiple flex closets throughout the home provide abundant storage or dedicated owner lockout space. Whether you're seeking a premier luxury vacation rental, a second home, or a full-time coastal residence, this exceptional property delivers the perfect combination of sophisticated design, modern amenities, and an unbeatable beachside location.

6806 Thomas Drive, Panama City
$2,199,000
10 Beds ⋅ 10 Baths ⋅ 791806 MLS
This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors -- and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control -- a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms -- one featuring built-in bunk beds perfect for families -- plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill -- the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

5237 Thomas Drive Unit A & B, Panama City
$2,850,000
4 Beds ⋅ 5 Baths ⋅ 791000 MLS
Experience timeless elegance and waterfront serenity in this extraordinary Mediterranean-inspired estate, perfectly positioned on a sprawling bayfront lot. From the moment you arrive, the home's graceful arches, warm architectural details, and inviting courtyard create an unforgettable first impression, setting the stage for a lifestyle defined by beauty, comfort, and coastal charm. Inside, the residence unfolds with refined sophistication. A spacious living room anchored by a stunning fireplace opens to breathtaking bay views, creating the perfect setting for both relaxed evenings and elegant entertaining. The formal dining room showcases exquisite custom plaster-finished walls, offering a rich and artistic backdrop for memorable gatherings. At the heart of the home, the chef's kitchen is as functional as it is beautiful, featuring a striking brick accent wall, double ovens, a gas range, and an oversized island with a butcher block top. Sunlit and inviting, the eat-in kitchen overlooks both the tranquil koi pond and the sparkling bay beyond, seamlessly blending indoor and outdoor living. Just off the kitchen, a cozy sitting room with its own fireplace provides the perfect retreat for quiet mornings or intimate conversations. The thoughtfully designed split floor plan offers privacy and comfort, highlighted by a luxurious master suite that includes a rare original 1940 greenhouse feature, adding a touch of history and charm. The spa-like master bathroom invites relaxation with a large soaking tub, separate shower, and an expansive walk-in closet. Three additional bedrooms, each with their own full bathrooms, ensure comfort for family and guests alike, with one guest suite featuring its own fireplace for added warmth and character. A gallery-style hallway runs through the home, offering the perfect space to display art and personal collections. Outdoors, the property transforms into a true private oasis. Multiple water features, including a beautifully stocked koi pond, create a peaceful, resort-like atmosphere. The custom covered patio and pergola with an outdoor fireplace and built-in grilling area make entertaining effortless, while the expansive lawn stretches to the water's edge, complete with a seawall and direct bay access. Adding a sense of fun and uniqueness, the grounds also feature a zip line and a custom playhouse, making this estate as playful as it is luxurious. Blending classic Mediterranean architecture with modern comforts and unparalleled waterfront living, this one-of-a-kind property offers a lifestyle that is both elegant and unforgettable. Whether enjoying quiet sunsets over the bay or hosting gatherings under the stars, this home is a rare opportunity to own a true coastal masterpiece.

518 Bunkers Cove Road, Panama City
$2,000,000
4 Beds ⋅ 3 Baths ⋅ 790541 MLS
LARGE LOT ON THE GULF. 60 Feet directly on the Gulf. Most of the gulf front lots are 50 but this is 60 feet . This property is located next to 12 large homes built in the last few years. What makes this property special is that most of the new gulf front homes built on Surf Drive are built on 45 of Gulf frontage, THIS PROPERTY HAS 60 FEET OF GULF FRONTAGE. This is an original Florida beach cottage that has so much history and wonderful memories. It was one of the first to be built on Surf Drive. It can certainly be used as is but needs updating. Obviously, what makes this property so valuable is the fact that it is one of the largest gulf front lots in all of Panama City Beach. It is located on the east end of PCB on Surf Drive. Surf Drive is one of the most sought after locations as 12 large gulf front homes have been built next to this property in the last 5 years or so. IT IS WITHIN WALKING DISTANCE OF THE NEW WORLD FAMOUS TOOTSIES. It is less than 10 minutes to all of the marinas on Navy Blvd. St Andrewes State Park is only 5 miles away. This property is close to many restaurants, entertainment venues and golf courses.

8301 Surf Drive, Panama City
$2,500,000
790265 MLS
Strategically located in Panama City along one of the area's growing commercial corridors, this brand-new commercial property at 1331 Harrison Ave offers approximately 11,171 square feet of versatile showroom, warehouse, and office space designed to support a wide variety of business operations. Combining a polished customer-facing showroom, expansive warehouse with mezzanine storage, dedicated office and reception areas, and exceptional building infrastructure, this property is ideally suited for owner-users, fabricators, distributors, light industrial operators, automotive or service businesses, or investors looking for a turn-key commercial asset with rare quality of construction and operational flexibility. The building features a 7,134 SF warehouse with soaring ceilings approaching 21 feet, providing outstanding vertical storage capacity, room for equipment, shelving, racking, or specialized fabrication operations. The open-span warehouse layout accommodates a variety of industrial or commercial uses, with sealed concrete floors built to handle heavy equipment loads. A 1,391 SF mezzanine adds substantial usable square footage above, perfect for organized inventory storage, supplies, archives, or workspace expansion without sacrificing warehouse floor area below. At the front of the building, a professionally finished 1,153 SF showroom with stained and sealed concrete floors, acoustic drop ceilings, and LED pendant lighting creates a striking customer-facing environment ideal for retail displays, product showcases, client meetings, or design-forward office buildout. Adjacent spaces include a dedicated reception, private office, filing area, vacuum room, and ADA-compliant restrooms -- providing a complete, ready-to-occupy front-of-house operation. A major value-add of the property is the building's premium Kingspan® insulated metal wall and roof panel envelope, delivering exceptional thermal performance, energy efficiency, and a clean modern architectural finish that is rare to find in this market and difficult to replicate at today's construction costs. The property is supported by serious infrastructure built for industrial and commercial demand, including a 600-amp, 240/120V 3-phase electrical service with roughly 70% spare capacity for additional equipment. The 24,000 SF site features ADA-accessible parking, on-street parking, professional landscaping, and durable concrete drives, all engineered to current Florida Building Code with hurricane-rated structural design. Whether you're relocating an existing operation, launching a new business headquarters, or seeking a high-quality commercial investment, 1331 Harrison Ave delivers size, functionality, premium construction, and long-term potential in a strategic Panama City location.

1331 Harrison Avenue, Panama City
$2,800,000
789480 MLS
The site features approximately 335 feet of frontage along Jenks Avenue, providing excellent visibility and access in a growing area. Located just 2,000 feet south of 23rd Street, a primary commercial thoroughfare with traffic counts exceeding 36,000 vehicles per day. The property sits contiguous to the 280+ bed HCA Florida Gulf Coast Hospital, creating strong positioning for medical office, urgent care, pharmacy, or service-oriented users. The property also offers convenient access to major transportation routes including U.S. Highway 98, U.S. Highway 231, and State Road 77.

1937 Jenks Avenue, Panama City
$2,900,000
788821 MLS
Exceptional Investment Opportunity in a Prime Beachfront Setting. Notably, it boasts the only beach view from the north side of Surf Drive--an unmatched feature that sets it apart. Embrace the charm of Old Florida with this rare 6-unit motel situated on over half an acre in one of the most desirable locations along Surf Drive. Rich in character and coastal appeal, this income-producing property offers a unique blend of nostalgia and modern potential. Currently operating as a turnkey business, this thriving Bed and Breakfast is fully furnished and well maintained, providing immediate income with strong demand driven by Panama City Beach's thriving tourism market. Guests enjoy convenient beach access just steps away, along with walkable proximity to dining, entertainment, and local attractions. The expansive lot and high-intensity zoning present exceptional redevelopment opportunities. Whether you envision expanding the existing footprint, creating a boutique lodging experience, or developing single-family or multi-family residences, the possibilities are wide open. With its prime location, steady rental potential, and rare development flexibility, this property is an outstanding opportunity for investors seeking both current cash flow and long-term upside in a highly sought-after coastal market.

8524 Surf Drive, Panama City
$2,395,000
788784 MLS
900 E Baldwin Road presents a rare opportunity to acquire a modern, 15,064 square foot industrial facility on 1.77 +/- acres in Panama City, Florida. Constructed in 2019, the property offers immediate occupancy and is ideally suited for owner-users seeking control of their real estate, operational efficiency, and long-term cost stability. The building features a functional layout with 16-18' clear height, fire sprinkler system, grade-level loading, supporting a wide range of industrial and commercial applications. A key differentiator is the property's C-3 (General Commercial) zoning, which allows for a broader range of uses than traditional industrial assets, including contractor operations, equipment sales and service, distribution, and retail/showroom integration. The 1.77 +/- acre site provides an optimal land-to-building ratio, offering ample parking, outdoor storage, and future expansion potential. Positioned below replacement cost, this offering represents a compelling opportunity to acquire a modern, flexible-use asset in a supply-constrained and evolving Gulf Coast market.

900 E Baldwin Road, Panama City
$2,499,000
788403 MLS
Prime commercial opportunity just minutes from Panama City Beach, positioned on a high-traffic corridor with excellent visibility and corner lot access. This versatile property features three total units, anchored by a well-established, turnkey tire and auto repair center. The main unit is fully equipped and operational, boasting five bay doors, professional-grade lifts, compressors, and all necessary equipment included in the sale--offering a seamless transition for an owner-operator or investor. In addition to the primary business space, the property includes two income-producing rental units with long-term tenants already in place, providing immediate and stable cash flow. One of the rental units also benefits from an additional bay door, enhancing functionality and appeal for automotive or light industrial use. A standout feature is the expansive, fully fenced outdoor area ideal for auto storage, fleet parking, or expansion opportunities--adding significant value and flexibility to the site. With strong frontage, steady traffic counts, multiple income streams, and a turnkey operation included, this property presents an exceptional investment opportunity in a rapidly growing coastal market.

2206 W 15th Street, Panama City
$2,499,999
4 Beds ⋅ 3 Baths ⋅ 788255 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Welcome to 6728 South Lagoon Drive, a stunning waterfront retreat perfectly positioned on South Lagoon in Panama City Beach. Built in 2020 by Arthur Rutenberg, this exceptional one-story residence offers 3,404 square feet of heated and cooled living space and 4,938 square feet under roof including the outdoor living areas. An upgraded version of the sought-after May River floor plan, this home sits on a rare double lot and showcases quality craftsmanship, thoughtful design, and luxurious coastal living at its finest. This boater's paradise offers unobstructed water views and seamless indoor-outdoor living designed to capture the beauty of the lagoon. The spacious 4-bedroom, 3-bathroom home features an open-concept layout with breathtaking views from the kitchen, dining, and living areas. The expansive living room is highlighted by vaulted ceilings, a cozy gas fireplace, and floor-to-ceiling glass sliders that open completely to a covered outdoor living space--perfect for entertaining or relaxing while overlooking the water. The dining area is filled with natural light from elegant bay windows, and the kitchen is thoughtfully equipped with a gas stove, a double oven, two refrigerators, and a generous walk-in pantry. Beautiful hardwood floors run throughout the main living spaces, while quartz countertops are featured throughout the home, with granite in the laundry room for added durability. The primary suite is a true private retreat, featuring a split floor plan with double doors that allow you to close off the bedroom, closets, and bathroom from the rest of the home for maximum privacy. The suite also includes his and hers walk-in closets, offering ample storage and organization. The spa-like primary bathroom includes a standalone soaking tub, a marble, zero-threshold (curbless) oversized dual shower head shower, and a his-and-hers vanity--complete with a dedicated sit-down makeup area on the hers side for added luxury and convenience. The suite is also framed for a private exterior door, offering even more flexibility. A versatile multi-use office with beautiful beamed ceilings adds character and flexibility for work or additional living space. Step outside to your private oasis featuring a 6-foot inground saltwater pool complete with bubblers and a sun shelf. The fully fenced yard includes a sprinkler system powered by a separate well, a gated and paved driveway, and a 3-car garage with an elevated lift for easily accessible extra storage. The home is also equipped with gutters, spray foam insulation for energy efficiency, a tankless hot water heater, and a built-in monitored security system with hardwired outdoor cameras for added peace of mind. An in-wall pest control system further enhances convenience. For boating enthusiasts, this property truly stands out with a covered boat lift, deep water dock, and seawall--allowing you to take your boat out anytime of day regardless of the tides. Enjoy a quick 15-minute boat ride to the open Gulf or take a short 5-minute drive to the area's famous white sandy beaches. Pier Park is just 20 minutes away, offering shopping, dining, and entertainment. Located in a golf cart-friendly community, this home offers both convenience and a relaxed coastal lifestyle. With gas and electric already available for an outdoor kitchen, this home is ready to create the ultimate waterfront experience. Don't miss your chance to own this exceptional coastal property where luxury, comfort, and breathtaking views come together.

6728 S Lagoon Drive, Panama City
$2,050,000
7 Beds ⋅ 4 Baths ⋅ 787257 MLS
EXCEPTIONAL VALUE ALERT Repriced for immediate sale, this elegant Mediterranean-style beach home presents an outstanding opportunity on the Emerald Coast. Located just 75 feet from the sugar white sand with Gulf views from multiple balconies, this spacious 3-story property is being offered FULLY FURNISHED and TURNKEY with $215,000 in 2025 rental income and future bookings transferable to the new owner. Featuring 7 bedrooms, 4 full baths, and approximately 3,451 square feet, this thoughtfully designed home offers flexibility for personal use, large groups, or vacation rental investment potential. Interior features include soaring 10-foot ceilings, custom cabinetry, granite countertops, stainless steel appliances, commercial-grade tile flooring, and abundant natural light throughout. Designed with functionality in mind, the property includes TWO full kitchens, TWO laundry areas, and a lockout configuration ideal for maximizing occupancy and rental versatility. Spacious indoor and outdoor living areas provide ample room for entertaining and relaxing after a day at the beach. Outdoor highlights include a PRIVATE HEATED POOL, expansive balconies with Gulf views, covered patio spaces, and ample parking with a 2-car garage plus 5 additional driveway parking spaces. Low annual HOA dues add to the appeal of this exceptional coastal property. Whether you're searching for a primary residence, second home, or income-producing beach investment, this turnkey property offers space, location, and exceptional value in the heart of Panama City Beach.

4120 Nancee Drive, Panama City
$2,150,000
787124 MLS
Large commercial parcel with good elevation at major intersection. Cleared and ready for development. Zoned C-3 with Institutional Use in Bay County Unincorporated.

1336 Saint Andrews Boulevard, Panama City
$2,500,000
785853 MLS
FUTURE-PROOF PCB ASSET: 9,000 SF 2022-BUILD WITH 10-STORY VERTICAL POTENTIAL Seize a premier 0.998-acre commercial footprint on Joan Avenue, positioned directly in a high-growth corridor evidenced by a neighboring property trading for $15.4M last year. Built in 2022 to rigorous 140 MPH wind standards, this high-spec complex features 100 feet of prime street frontage and a deep 435-foot lot. The property carries a rare 100-foot height allowance, offering massive potential for future vertical expansion. MAXIMIZED RENTAL POTENTIAL: TURNKEY 6-UNIT INVESTMENT CONFIGURATION This 60' x 150' engineered steel facility is a ''plug-and-play'' multi-tenant opportunity designed to maximize your ROI. The current layout is optimized for high-demand flex use, with the first section serving as 2 premium executive offices, lobby, a conference room and public bathroom. While the building already features five sections ready for separation, a small investment of approximately $10,000-$12,000 allows for the addition of two walls and four bathrooms to complete the full 6-unit complex. With two bathrooms already existing and plumbing stubs in place for the remaining four, this property offers a low-cost path to a high-yield, multi-stream rental asset. INDUSTRIAL UTILITY: 53-FOOT TRAILER ACCESS AND 6-GANG POWER Loading is seamless via six 12 x 12 grade-level roll-up doors. Property footprint is designed to accommodate a 53-foot trailer. The 9,000 SF shell maintains an efficient ratio of 8% office to 92% warehouse space, with interior clear heights ranging from 13'7'' to 16'11''. The facility is equipped with a 6-gang electrical meter bank and 600 Amp single-phase power, providing dedicated service points for each of the six potential rental units. The front office has 200 amp service. UNINCORPORATED BAY COUNTY LOCATION: LOWER TAXES AND FEWER RESTRICTIONS Located in Unincorporated Bay County rather than city limits, this property offers a strategic financial advantage with lower property tax rates, set at 5.4362 mills for 2026. Owners benefit from fewer municipal restrictions regarding signage or ''Gateway Overlay'' facade requirements. Standard county setbacks apply here, offering significantly more buildable flexibility than properties bordering strict city-residential zones. STRATEGIC PRICING: ENGINEERED FOR SAFETY AND PROFIT At a listing price of $2.5M, this asset is positioned at approximately $277 per SF, strategically aligned with the early 2026 PCB flex-industrial average of $290-$310 per SF. The property is located in Flood Zone AE with a community-determined base flood elevation (BFE) of 11.0'. Highlighting its superior engineering, the finished flood elevation is set at 12.75', providing 1 foot 9 inches of clearance above the required BFE for enhanced safety and insurance advantages. Buyer to verify height allowance, ISR, and FAR for future development. Current tenant occupies 1500 sq ft and on a month to month lease.

2532 Joan Avenue, Panama City
$2,850,000
6 Beds ⋅ 7 Baths ⋅ 785564 MLS
Under contract with 72 hour kick out clause in place. Positioned just steps from sugar-white sands and turquoise waters, 5948 Gulf Drive presents an elevated coastal residence within the refined setting of Hadley's Beach. With six bedrooms, six and a half bathrooms, and captivating Gulf views, this home offers a seamless blend of architectural detail, thoughtful design, and effortless seaside living. Interiors are curated with designer finishes and anchored by a chef's kitchen appointed with premium appliances, creating a sophisticated yet inviting environment for gathering and entertaining. Open living spaces are filled with natural light, framing coastal vistas and reinforcing the home's connection to its surroundings. Private retreats are thoughtfully arranged, including a spacious bunk room that enhances flexibility and functionality. Each bedroom suite is designed for comfort and privacy, supporting both everyday living and extended stays. Outdoors, a fenced backyard surrounds a private pool, offering a tranquil setting for relaxation after days spent at the beach just moments away. Whether enjoying sunrise walks along the shore or evenings under the stars, the lifestyle here is defined by proximity, beauty, and ease. With short-term rentals permitted and a premier Gulf-side location, 5948 Gulf Drive pairs lifestyle appeal with long-term opportunity. Refined, composed, and richly connected to its setting, this residence embodies the enduring elegance of coastal living at its finest.

5948 Gulf Drive, Panama City
$2,180,000
784825 MLS
This property is a prime commercial opportunity located in Panama City, FL, offering 21,184 sq ft of under roof space on a 2.5-acre lot. Zoned for mixed use, this property presents an opportunity for a variety of businesses. Fully renovated post-hurricane, it has a new 24-gauge standing seam metal roof and is constructed using red iron clear span beams. This construction allows for interior changes to be easily accomplished. Inside, you will find multiple reception areas, executive offices, and a kitchenette. The open footprint of the building allows for a wide range of uses for a multitude of businesses. A separate entrance on the left side allows for potential subletting. Parking lot accommodates 4 spaces per 1000 sq ft with room to expand. All utilities are easily accessible, and open roof access allows for modifications.

5420 Hickory Street, Panama City
$2,300,000
783424 MLS
Amazing Development Opportunity is Ready for! In a Prime Location, this 4.77 acre parcel is zoned General Commercial 2. Located in the Gateway Overlay and is located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area as well. Situated just before the Hathaway Bridge in Panama City offering fantastic traffic count and visibility when traveling on Hwy 98 East from Panama City or West to Panama City Beach. ACCESS: offers easy access via 3 different roads, Hwy 98, 19th St, and Brown Ave. Approximately 180 feet frontage on Hwy 98, 580 feet on 19th St, and 375 feet on Brown Ave. This parcel is in close proximity to Port of Panama City and Gulf Coast State College and FSU campuses as well as quick access to Historic St. Andrews and the Downtown Panama City area, and Panama City Beach. This property would be perfect for apartments, hotel, restaurant, retail store or any combination of many different commercial businesses. See more usage details in the documents section of the listing. Previously, there was a hotel that has been demolished due to damage from Hurricane Michael.

4810 W Highway 98, Panama City
$2,950,000
783267 MLS
The Barron & Redding Law Office is available for sale. One of the most prestigious Class ''A'' law office buildings in Panama City. Located adjacent to the Bay County Courthouse on Massalina Bayou which leads directly to St. Andrew Bay and the Gulf of America. The 10,157 square foot, two-story office building is situated on 1.1 acres. Masonry construction with brick veneer and huge windows throughout. The entire office has extensive wood moldings, paneling, and trim, particularly in the attorney's offices, conference rooms, and law library. The two-story office includes 18 large private offices, 2 conference rooms, a law library, open office for paralegals and administration, workspace, large breakroom, and reception. Built in 1986 and renovated in 2019 following Hurricane Michael. The well-constructed building received minor damage from the Hurricane. The following renovations were completed: all new storm-rated impact windows and doors, new roof, new HVAC systems, and new flooring. There is +/-550 linear waterfront feet on Massalina Bayou with a submerged land lease in-place that provides for the deep-water dock space with a large pier and wooden dock capable of accommodating several large boats. Gorgeous views across Massalina Bayou. The Bay County Courthouse is less than 300' up McKenzie Avenue. Beautiful landscaping with mature oak trees all over the property. The location cannot be matched, and they truly do not make them like this anymore. The site plan, elevations, and floor plans are attached. Call for further details and to schedule a tour. Barron & Redding is merging with Hand Arendall.

220 Mckenzie Avenue, Panama City
$2,100,000
783250 MLS
Entered for comps.

615 W 15th Street, Panama City
$2,475,000
6 Beds ⋅ 4 Baths ⋅ 768553 MLS
Beachfront Paradise Awaits Experience 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
$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
$1,900,000
6 Beds ⋅ 6 Baths ⋅ 757956 MLS
* new interior paint*ONE OF A KIND CUSTOM WATERFRONT DREAM HOME SITUATED ON OVER AN ACRE WITH A RESORT STYLE POOL! THE MOMENT, YOU WALK IN YOU ARE GREETED WITH A BEAUTIFUL FOYER WITH AN ABUNDANCE OF NATURAL LIGHT RADIATING FROM THE ENTRYWAY. A PRIVATE OFFICE AWAITS YOU TO THE RIGHT WITH BUILT IN BOOKSHELVES AND THE FORMAL DINING ROOM IS TO THE LEFT. FROM THERE YOU ENTER THE OVERSIZED FAMILY ROOM COMPLETE WITH BUILT IN SHELVES AND FIREPLACE. THE KITCHEN IS ANY COOK'S DELIGHT WITH CENTER ISLAND, LARGE BREAKFAST BAR, SEPARATE BREAKFAST AREA, WALK IN PANTRY AND CUSTOM CABINETS. THE KITCHEN IS CONVENIENTLY LOCATED OFF OF THE LIVING ROOM AND HAS ACCESS TO THE COZY ENCLOSED PORCH. THE ENCLOSED PORCH IS A PERFECT SPOT FOR ENJOYING ALL THE COMFORTS OF INSIDE AND STILL HAVE BEAUTIFUL VIEWS OF THE BACK PATIO AND POOL. THERE ARE SEVERAL WAYS TO ACCESS THE POOL AREA. ONE OF BEST WAYS IS THROUGH THE GAMEROOM (HAS A FULL BATH FOR EASY POOL/ BOATING ACCESS) THE PRIMARY SUITE IS ALSO CONVENIENTLY LOCATED DOWNSTAIRS. NO DETAIL WAS OVERLOOKED WHEN DESIGNING THIS LUXURY SPACE. YOU WILL ENJOY RELAXING IN YOUR OWN PRIVATE SITTING ROOM, SOAKING IN THE OVERSIZED TUB OR SEPARATE SHOWER OR TAKING IN THE BEAUTIFUL VIEWS FROM YOUR OWN PRIVATE COVERED PORCH.UPSTAIRS YOU WILL FIND FOUR LARGE BEDROOMS, TWO SPACIOUS BATHROOMS A FULL DEN FOR EASE AND COMFORT WHILE UTILIZING THE UPSTAIRS. THERE IS ALSO A MOTHER-IN-LAWSUITE WITH SEPARATE ACCESS. THIS UNIQUE SPACE OFFERS FLEXIBILITY IN ITS USAGE. IT'S OVERSIZED, HAS A FULL BATHROOM, SMALL BAR SINK AND SMALL REFRIGERATOR. EXTERIOR FEATURES OF THIS HOME INCLUDE LARGE CIRCULAR DRIVEWAY, 3 CAR GARAGE, GENERATOR, UTILITY GARAGE, RESORT STYLE CUSTOM POOL WITH WATERFALL FEATURE, HOT TUB, SWIM UP BAR, FOUNTAIN FEATURES, REAR FENCE, TRAVERTINE FLOORING, WATERSLIDE, KOI POND, RESORT STYLE PERGOLA, COVERED BOATLIFT, SEAWALL, VACANT HALF ACRE LOT THAT IS BUILDABLE. THIS CUSTOM DREAM HOME IS READY FOR YOU TO CALL IT YOURS. CALL TODAY TO SCHEDULE YOUR OWN PRIVATE SHOWING APPT.

2726 Tracy Lane, Panama City
$2,200,000
5 Beds ⋅ 5 Baths ⋅ 766197 MLS
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
$2,150,000
755066 MLS
Beautiful Church and Fellowship Hall located on 7 acres with two driveways from Hwy 390

3701 E Hwy 390 Highway, Panama City