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$233,700
3 Beds 2 Baths 780811 MLS
PRICE REDUCED!! MOTIVATED SELLER!! Must Sell! Charming single story split bedroom Florida cottage located in central area of Panama City. This 3 bedroom, 2 bath home provides 1558 sq ft of generous space to move about. The Living room area is very spacious and features wood burning fireplace. The Executive Kitchen is equipped with gas range and refrigerator. Just off the kitchen is large 11x14 dining area. Foyer area would be ideal for small office/work station. Large walk in closets. The entry into the home features a walk ramp, and there is a huge back deck ideal for entertaining & the weekend BBQ's. Two sheds! Could be turned into Man Caves! Two separate water heaters. All windows replaced after hurricane Michael. Metal roof- installed 2014. Custom window treatments. Centrally located in Bay County. Close to Tyndall AFB as well as multiple health organizations. Half mile to Spring Ave walking park. Shopping and schools are within 5 minute drive. Call for your showing today!!

1720 Sherman Avenue, Panama City

$1,590,000
5 Beds 5 Baths 780788 MLS
Welcome to the captivating white sandy beaches of Panama City Beach, Florida!! This exquisite one owner 3 story, 5 bedroom/5 bath beach house has been a revered family getaway since 2016. Come see the alluring views and enjoy the warm, inviting designer finishes that this fully furnished front beach property offers. It features solid wood cabinetry, leathered granite surfaces, all stainless appliances, & a large elevator for bringing up groceries or helping those who are physically challenged. It has an on-demand tankless gas water heater and a security system. The dishwasher, microwave, & stove have been replaced within the past 3 years. Smaller A/C unit was replaced last year. Parking for 2 cars in the oversized attached garage, 4 cars in the driveway and plenty of parking on the adjacent beach roadside allows for large holiday gatherings. Both large balconies (210 sq. ft.) offer amazing sunset views of the Gulf of Mexico! This property was utilized as a vacation rental in the past 3 years and netted over $80K in its first year. RENTAL SALES & PROJECTION REPORTS AVAILABLE. Whether you're looking for a primary, secondary, or an investment property, this home will exceed your expectations. PRICED TO SELL!! It won't be available for long. We will need a 24-72 hour notice to show this property. Listing agent's husband built this property.

19902 Front Beach Road, Panama City Beach

$259,900
1 Beds 2 Baths 780771 MLS
Beautifully updated and fully furnished second-floor condo just steps from the beach in the highly desirable Horizon South Resort! This turnkey 1-bedroom, 1.5-bath unit also features convenient hallway bunks, making it an excellent vacation getaway or rental investment. The spacious kitchen offers plenty of functionality, while the well-designed floor plan provides comfortable coastal living. Rental-ready and priced to sell, this condo is located in one of Panama City Beach's most popular gated resorts, just minutes from Pier Park, dining, shopping, and entertainment. Resort amenities include a gated entrance, direct beach access, grills, four swimming pools, tennis courts, basketball courts, a playground, a hot tub, mini golf, a gym, and more. Don't miss out on this fantastic opportunity--call today to schedule your viewing!

17462 Front Beach Road Unit 54204, Panama City Beach

$222,000
1 Beds 2 Baths 780708 MLS
Do not miss: One of the Best deal at Island Reserve Condo ,centrally located at the heart of Panama City Beach . Elite gated community for Permanent residents , second home owners and long term rentals investors. For outside fun and relaxation, Island Reserve grounds boast an incredible pool, hot tub, courtyard.... Clubhouse with basketball, pickle ball, fitness center, game room, and movie room. This complex does not permit short-term rentals, ensuring a peaceful, community-focused environment. Proximity to Beautiful Beaches, shopping and dining with easy access to Front Beach Rd and Panama City Beach Pkwy. Unit #5312 is 1588 square feet -2 story 1 bedroom with 1,5 bath has incredible location, with both balconies are facing quite North side for more privacy , and has tons of upgrades : recently painted and decorated with all new furniture ,that unit boasts with spacious living room, extra large enclosed storage space and huge master bedroom with walk in closet. New washer and dryer has been recently installed. The 3rd floor unit is close to elevator and you may park on the 3 rd level as well next to walk thru. Price is right. Offered fully furnished and move-in ready, this condo is ready for new owners to call it Sweet Home.

8700 Front Beach Unit 5312, Panama City Beach

$277,000
2 Beds 3 Baths 780699 MLS
BRAND NEW HVAC SYSTEM INSTALLED JUNE, 2026. Water heater 2019. Ground floor COURTYARAD-FACING unit steps to the pool and covered parking. Island Reserve is a gated community located in the heart of Panama City Beach. This 2BR/2.5BA unit offers two spacious ensuite primary bedrooms overlooking the lush courtyard and waterfall. 10' ceilings, crown molding, plantation shutters, walk-in closets plus soaking tub. Granite countertops, stainless appliances, designer backsplash too. Island Reserve is a lovely gated community with lush landscaping, lagoon-style pool, hot tub, indoor basketball, pickleball, gym, theatre room, and game room with pool tables. Call today for your private showing! 5 minutes to the beach, fine restaurants, attractions, a short drive to Grand Lagoon, the state park and Shell Island!

8700 Front Beach Road Unit 6108, Panama City Beach

$820,000
4 Beds 3 Baths 780683 MLS
This is your opportunity to own a rare 4 bedroom + 3 full bath luxurious Gulf front condo in PCB. This east end Ocean Reef condo features an oversized 10x28 balcony with scenic views from St Andrews State Park and all the way to San Destin! And, this is one of the few resorts with underground assigned parking (no parking across the street and dealing with walkovers). This condo owner has spared no expense in transforming this open concept condo into a ''coastal paradise'' with bright new wall colors, porcelain tile flooring throughout, crown molding, all stainless appliances, new furniture, artwork, linens, and wall decorations. The king master suite is gulf-front with balcony access and a private bath with double vanities, plus extra closet storage. The second master bedroom is spacious with private access to the full guest bathroom. The third and fourth bedrooms have north views and share a full, ''Jack and Jill'' bath. There is a granite top breakfast bar, oversized dining area, pantry, and a separate laundry room with full sized washer and dryer. The owners have also installed an ''Ecobee'' smart thermostat to reduce heating and cooling costs. The Ocean Reef Resort features over 300 feet of linear beach, a gulf-front heated (seasonally) pool, indoor heated pool, large hot-tub, grill area, fitness room, and sauna. You'll also reap the benefit of the fractional association dues! At Ocean Reef, all units pay the same amount regardless of square footage. As a larger four bedroom condo, your dues amount will be the same as a smaller two-bedroom unit in the building grills. The location is conveniently located within 1.5 miles of the famous Pier Park entertainment, restaurant, shopping district, and the new Top Golf + Dolly Parton Pirates Theaer..

14415 Front Beach Road Unit 2201, Panama City Beach

$709,999
3 Beds 3 Baths 780604 MLS
Elegance and convenience unite in this stunning 3-bedroom, 3-bathroom corner unit on the 6th floor of Calypso Tower III. Offering expansive, unobstructed Gulf views, this beautifully appointed condo is a prime opportunity for a vacation home or high-performing rental investment. Located on the quiet west end of Panama City Beach, Calypso Resort is adjacent to Pier Park, offering premier shopping, dining, entertainment, and year-round events. The Russell-Fields Pier and Frank Brown Park Sports Complex are just minutes away, along with Gulf World Marine Park, championship golf courses, and family-friendly attractions. Step inside to find an open and airy layout, professionally designed with stylish coastal décor. The fully equipped kitchen features quartz countertops, GE stainless steel appliances, and a breakfast bar, perfect for entertaining. The spacious living area opens to an oversized private balcony, ideal for enjoying breathtaking views of the Gulf, especially at sunset! Calypso Tower III boasts resort-style amenities, including a Lagoon-style zero-entry pool, heated in cooler months, a Spacious hot tub, Nine private, rentable cabanas, Two tiki bars and the Emerald Hub bar & grill, Fire pit and lounge areas, large fitness center, and an on-site restaurant and café. Don't miss this rare opportunity to own a slice of paradise in one of the most sought-after beachfront destinations! Schedule your private tour today.

15928 Front Beach Road Unit 601, Panama City Beach

$374,000
1 Baths 780599 MLS
This unit overlook the beach is not a side view. You are over the sand. RARE TO COME UP FOR SALE LIMITED UNITS AT FTB DIRECT GULF FRONT FACING WITH A PRIVATE DECK approximately over $30,000 of assessments have been paid in full. No assessments will be due. Overview Experience the ultimate coastal getaway in this one-of-a-kind beachfront studio condo, uniquely positioned as the only unit overlooking the pristine sands of Panama City Beach and the Gulf of Mexico. Perfect for a vacation retreat, short-term rental, or a serene full-time residence, this condo combines modern luxury with coastal charm. Key Features Stunning Beachfront Location:** Only unit in the building with direct, uninterrupted views of the beach and Gulf of Mexico. Turnkey Assessment Status:** All assessments totaling $30,000 have been paid in full, providing instant peace of mind for ownership. Professional Renovation:** Fully torn out and reimagined with premium finishes and custom detailing. Custom Cabinetry:** Custom-built cabinetry throughout for superior storage and a tailored look. Gourmet Surfaces:** Granite countertops that blend elegance with durability in the kitchen and bath. Stained Glass Showers:** Showers feature stained glass accents, bringing color and character to your daily routine. Bright, Open Layout:** Studio space optimized for living, sleeping, and entertaining with panoramic gulf views. Large Windows & Natural Light:** Floor-to-ceiling or expansive windows to maximize water views and natural light. Modern Kitchen & Bath:** Updated appliances, efficient layout, and high-end fixtures. Relaxing Balcony:** Private outdoor space to savor sunrise coffees and sunset cocktails with the Gulf as your backdrop. Interior Highlights Open-concept living area designed to maximize the beachfront ambiance. Custom cabinetry throughout for seamless storage solutions. Granite countertops delivering a timeless, durable surface. Stained glass accents in the showers adding unique, boutique-style detail. Thoughtful lighting and finish selections to create a warm, coastal vibe. Building & Location Exclusive beachfront setting in Panama City Beach with easy access to sugar-white sands. Proximity to local dining, entertainment, and recreational options. Ideal for short-term rentals, vacation stays, or a personal coastal residence. Investment & Information Assessments: $30,000 paid in full (transfers with clear, headache-free ownership). HOA and building amenities vary; please inquire for current details. Market-ready for immediate occupancy or rental opportunities.

14401 front beach road Unit 317, Panama City Beach

$369,000
1 Baths 780601 MLS
This unit overlook the beach is not a side view. You are over the sand. RARE TO COME UP FOR SALE LIMITED UNITS AT FTB DIRECT GULF FRONT FACING WITH A PRIVATE DECK approximately over $30,000 of assessments have been paid in full. No assessments will be due. Overview Experience the ultimate coastal getaway in this one-of-a-kind beachfront studio condo, uniquely positioned as the only unit overlooking the pristine sands of Panama City Beach and the Gulf of Mexico. Perfect for a vacation retreat, short-term rental, or a serene full-time residence, this condo combines modern luxury with coastal charm. Key Features Stunning Beachfront Location:** Only unit in the building with direct, uninterrupted views of the beach and Gulf of Mexico. Turnkey Assessment Status:** All assessments totaling $30,000 have been paid in full, providing instant peace of mind for ownership. Professional Renovation:** Fully torn out and reimagined with premium finishes and custom detailing. Custom Cabinetry:** Custom-built cabinetry throughout for superior storage and a tailored look. Gourmet Surfaces:** Granite countertops that blend elegance with durability in the kitchen and bath. Stained Glass Showers:** Showers feature stained glass accents, bringing color and character to your daily routine. Bright, Open Layout:** Studio space optimized for living, sleeping, and entertaining with panoramic gulf views. Large Windows & Natural Light:** Floor-to-ceiling or expansive windows to maximize water views and natural light. Modern Kitchen & Bath:** Updated appliances, efficient layout, and high-end fixtures. Relaxing Balcony:** Private outdoor space to savor sunrise coffees and sunset cocktails with the Gulf as your backdrop. Interior Highlights Open-concept living area designed to maximize the beachfront ambiance. Custom cabinetry throughout for seamless storage solutions. Granite countertops delivering a timeless, durable surface. Stained glass accents in the showers adding unique, boutique-style detail. Thoughtful lighting and finish selections to create a warm, coastal vibe. Building & Location Exclusive beachfront setting in Panama City Beach with easy access to sugar-white sands. Proximity to local dining, entertainment, and recreational options. Ideal for short-term rentals, vacation stays, or a personal coastal residence. Investment & Information Assessments: $30,000 paid in full (transfers with clear, headache-free ownership). HOA and building amenities vary; please inquire for current details. Market-ready for immediate occupancy or rental opportunities.

14401 Front beach road Unit 217, Panama City Beach

$45,999
780600 MLS
Build-ready opportunity in the heart of Panama City! This oversized corner lot offers exceptional flexibility for homeowners, builders, and investors alike. Zoned Neighborhood Residential, the property allows for single-family detached homes, duplex development, cottage court concepts, and even an accessory dwelling unit (ADU) creating multiple paths for future income potential or multigenerational living. City utilities including water, sewer, and electric are already available, helping reduce upfront development costs and simplifying the building process. Positioned just minutes from Downtown Panama City, local dining, shopping, schools, and waterfront attractions, this location combines convenience with strong long-term upside. Whether you're looking to build your dream home, develop a duplex investment property, or create a modern cottage-style project with added rental income potential, this property delivers rare zoning flexibility in a growing market. Corner lot positioning also provides added accessibility, visibility, and design options for future construction. Don't miss the chance to secure a versatile residential lot in one of Panama City's evolving neighborhoods.

1613 E 7th Street, Panama City

$140,000
780588 MLS
Back on the market through no fault of the Seller! Build Your Dream Home Near the Beach! Discover the perfect opportunity to own a piece of paradise on this vacant residential lot located at 8417 Lorento Street in Panama City Beach, Florida. This prime homesite offers the ideal blend of coastal living and local convenience — tucked away in a quiet neighborhood yet just minutes from the white-sand beaches, boating, shopping, and dining that make PCB so special. This cleared and ready-to-build lot provides plenty of space for your custom beach cottage, vacation getaway, or investment property. With utilities nearby and no HOA restrictions, you'll have the freedom to design a home that fits your lifestyle. Enjoy easy access to St. Andrews State Park, Grand Lagoon, and the Navy Base, all within a short drive. Whether you're a builder seeking your next project or a homeowner looking for a coastal retreat, this property offers endless potential in one of the most desirable areas of the Florida Panhandle. Call your favorite Realtor today and set up a showing!

8417 Lorento Street, Panama City

$2,950,000
4 Beds 5 Baths 780535 MLS
Tucked along the quiet shoreline of Lake Powell, this spacious home offers a rare mix of privacy, comfort, and everyday livability. With 5 bedrooms, 5 bathrooms, and over 4,600 square feet, this home welcomes you with its soaring multi-level design and expansive outdoor areas tailored for both relaxation and grand entertaining. Set on nearly an acre along beautiful Lake Powell with 147 feet of pristine dune lake frontage, the property feels private and peaceful while still being close to the beach and the rest of Panama City Beach. Inside, you'll find an open gourmet kitchen and working pantry that connects easily to the main living areas, a custom fireplace, and plenty of natural light. Spacious bedrooms throughout the home provide flexibility for family and guests, and the expansive third-floor deck has the best views on the lake. With its own private dock, the lake becomes an extension of the backyard. Step outside to enjoy the screened pool, large deck, boat slip, and parking for up to ten vehicles. Recent updates include a new roof in 2025 and a heated and cooled garage. With exquisite craftsmanship throughout and panoramic lake views from nearly every vantage point, this property is a rare gem for discerning buyers seeking coastal elegance and lakefront living. Located in the gated community of Palmetto Bluff, residents enjoy a large neighborhood green space and community dock. Recently appraised at $4.2 million, this home is priced to sell.

5 Blue Crab Lane, Panama City Beach

$350,000
1 Beds 2 Baths 780529 MLS
Welcome to Mariner West, a Gulf-front mid-rise condominium perfectly located on the quiet east end of Thomas Drive. This fully furnished 1BR/2BA condo comfortably sleeps six and offers breathtaking ocean views from the kitchen, dining room, breakfast bar, and living area. Enjoy stunning sunsets from the spacious covered 5th-floor balcony overlooking the Gulf of Mexico. This condo has been meticulously maintained and thoughtfully updated throughout. The fully renovated kitchen (2023) features new stainless steel appliances, custom cabinetry, and granite countertops. Both full baths include updated vanities, countertops, and tile flooring. Flooring throughout the unit consists of Wood plank in the living areas and bedroom, and tile in the kitchen, baths, and hallway—no carpet! Additional upgrades include a new HVAC (2023), water heater (2024), fresh interior paint (2020), and trim updates (2023). The laundry/utility room with a full-size washer and dryer is conveniently located in the breezeway just across from the unit. Community amenities include a Gulf-front pool with LED lighting, a poolside cookout area with gas grills, a private deck overlooking the Gulf, an outdoor shower, a repaved tennis court, owner's lounge, game room, and shuffleboard courts. Mariner West recently passed all State of Florida Structural Integrity inspections and has undergone major improvements, including a new roof, fresh exterior and balcony paint, and upgraded storm-rated sliding glass doors and windows. Mariner West is a low-density, six-story community with only 58 units, ensuring a peaceful and private beach experience. Pet-friendly for owners and ideally located near St. Andrews State Park, marinas, restaurants, and local attractions. All information deemed correct but should be verified by buyer.

6213 Thomas Drive Unit 507, Panama City

$280,000
1 Beds 2 Baths 780527 MLS
Unlock an exceptional investment opportunity in Panama City Beach, FL, with this beautifully updated and fully furnished condo at Laketown Wharf. Nestled in a prime location within the complex, it offers quick access to elevators, enhancing convenience for guests and boosting rental demand. The unit features stunning lake views from the balcony and breathtaking Gulf views from various locations throughout the condo, ensuring each stay is visually delightful. Enjoy a captivating nightly water show over the lake, adding to the enchanting ambiance for vacationers. Laketown Wharf offers an array of amenities, including multiple pools, on-site restaurants, and various shops, providing entertainment and convenience at your doorstep. Designed to comfortably accommodate up to six guests, this condo promises robust rental returns thanks to its strategic location and thoughtful upgrades. With modern flooring, fresh paint, and elegant light fixtures, the property exudes contemporary charm. It comes fully furnished, including kitchen appliances, ensuring it's ready for immediate rental. Priced attractively for investors, this property offers the ideal blend of beach allure, comfort, and substantial cash flow potential. Act quickly to secure a piece of Florida's stunning Gulf coast, where your investment not only thrives but indulges in paradise.

9902 S Thomas Drive Unit 1237, Panama City

$307,000
4 Beds 2 Baths 780509 MLS
''CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS'' Welcome to Liberty - Panama City's Premier Lifestyle Community! Nestled off Star Avenue near Hwy 231, Liberty offers easy access to Tyndall Air Force Base (25 min), local hospitals (20 min), and top shopping and dining (under 15 min). Enjoy resort-style living with a 7,500 sq. ft. community center featuring a full gym, wellness rooms, and a resort pool with splash pads, grilling stations, and plenty of outdoor seating. Scenic ponds, fountains, and walking trails add to the tranquil atmosphere. This 4-bedroom, 2-bath Cali floorplan spans 1,830 sq. ft. with an open-concept design. The bright entryway leads to a spacious kitchen island overlooking the dining and living areas are perfect for entertaining. The primary suite offers a soaking tub, walk-in shower, and large closet. Luxury vinyl plank floors flow throughout the main areas, with plush carpet in the bedrooms. Home was built in 2022 but sold in 2023. Situated on a beautiful lot backing to a peaceful pond and conservation area, this 4-sided brick home includes full sod coverage on all sides--ready for you to call home!

6444 Slabinski Lane, Panama City

$249,000
1 Beds 2 Baths 780503 MLS
Beautiful Gulf View - Outstanding- Give Away Value!Just reduced $35,000!! Enjoy coastal living knowing you paid a super low Gulf view price on this 1 bedroom, 2 bath plus bunk room condo at Laketown Wharf Resort. This well maintained unit features an open floor plan, NEW HVAC, NEW hot water heater and NEW microwave. The kitchen offers abundant cabinetry and a large island, providing plenty of room for family gatherings or entertaining. The spacious living area features a large sliding glass door opening to an oversized balcony with beautiful beach and Gulf views. The main bedroom includes its own private bath, while the bunk room has a closet and convenient access to the second full bath across the hall. A barn door could easily be added to create a private sleeping space. Comfortably sleeps 6. Laketown Wharf is one of PCB's most popular resorts, just steps from the sugary white sands with its own private, secure walkway to the beach next door to Pineapple Willy's. Enjoy five pools, a kids' Funscape playground, Splash Bar & Grill, pickleball, a Gulf-view fitness center, covered garage parking and a 52,000 sq. ft. lakefront boardwalk with shops, restaurants, and a nightly fountain and light show. New additions include 810 Billiards & Bowling, an arcade and The Bun Lab, serving smash burgers and hosting a comedy show on the main level. Whether you're buying for personal use, rental investment or both, this condo delivers the location, layout, and income potential

9860 S Thomas Drive Unit 1516, Panama City

$285,000
780496 MLS
Don't miss your chance to own a premium lot in the highly sought-after Venture Out community! Whether you're ready to build your dream beach home or looking for the perfect spot to park your RV or boat, this lot offers exceptional flexibility and value. Located on a quiet street and adjacent to common area, this property provides additional privacy and outdoor space—ideal for relaxing or entertaining. RV does not convey with lot. Venture Out is a gated, golf cart-friendly community with 300' of Gulf frontage and 1,000' on Grand Lagoon. Amenities include two swimming pools, a fishing pier, private boat launch, mini golf, playground, and 24-hour security. Perfect for full-time living, vacation use, or investment potential—don't miss your chance to be part of this growing coastal community!

207 Squid Lane, Panama City Beach

$469,900
3 Beds 3 Baths 780450 MLS
Gulf breezes in the morning, lagoon sunsets at night—life at Laketown Wharf invites that easy, every-day vacation feeling. Slide open the balcony doors and breathe in that coastal air as light fills the open living space, flowing into a flexible layout ideal for hosting friends or family. A bunk niche gives that extra sleeping option visitors always appreciate. Out the door, the resort lives large: multiple pools, hot tubs, fitness center, a lakefront boardwalk with nightly fountain shows, and on-site dining and shops so you can grab a snack or sunscreen without leaving. The sugar-white beach lies just across the street, making sunrise strolls and afternoon splashes just steps away. Close to Pineapple Willy's, local seafood spots, coffee shops, mini-golf, and the energy of Thomas Drive, this location roots you in everything visitors and locals love. With its guest-friendly layout, resort features, and beach access, this unit isn't just a place to stay—it's a turn-key piece of a vacation lifestyle, made to welcome guests again and again.

9860 S Thomas Drive Unit 621, Panama City

$900,000
780446 MLS
Discover an incredible investment opportunity with two adjoining parcels located just off Hutchison Blvd (Middle Beach Road) — one of Panama City Beach's most traveled corridors connecting Front Beach and Back Beach Road. This high-visibility location offers unbeatable access and exposure in a thriving coastal market that's booming with development. Spanning a combined .924 acres, these parcels sit within minutes of Pier Park, public beach access points, and major hospitality, retail, and dining destinations. Zoned for commercial use, the property offers flexible potential — ideal for mixed-use development, retail storefronts, office space, vacation rentals, or boutique lodging. Zoned Commercail High Intensity- With utilities nearby and easy ingress/egress via Hutchison Blvd, this site is perfectly positioned for your next coastal project. Investors will appreciate the steady growth of Middle Beach as a central hub for both locals and tourists — offering strong traffic counts and consistent demand for commercial space. Whether you're an established developer or looking for your first footprint in one of Florida's fastest-growing coastal communities, these parcels combine location, visibility, and opportunity in one powerful package!!!

0000 Hutchison Boulevard, Panama City Beach

$359,900
3 Beds 2 Baths 780441 MLS
Gulf breezes in the morning, sunset colors over the lagoon at night—life at Laketown Wharf is all about easy beach days and memory-making nights. Natural light fills an open living space that steps out to a private balcony for coffee, cocktails, and stargazing. The floor plan is set up for fun trips with family and friends, including a bunk niche that adds the extra sleeping space travelers look for. Beyond the front door, the resort delivers the full PCB vibe: multiple pools and hot tubs, a fitness center, a lakefront boardwalk with a nightly fountain show, and on-site dining and shops for quick bites and last-minute essentials. The sugar-white beach is right across the street, so sunrise walks and afternoon swims are always on the schedule. Location seals the deal—moments to Pineapple Willy's, waterfront restaurants, mini golf, coffee spots, and all the laid-back energy of Thomas Drive. With a guest-friendly layout, popular amenities, and beach access steps away, this condo is primed for steady bookings and happy reviewers, making it an easy choice for anyone seeking a personal escape that also performs as an income producer.

9860 S Thomas Drive Unit 622, Panama City

$9,700,000
780409 MLS
The Palafox Icehouse offers a rare opportunity to acquire a stabilized, waterfront asset in the heart of Downtown Pensacola at a 5.88% cap rate, backed by long-term, credit-quality tenancy and irreplaceable Palafox Street frontage. The three-story iconic building is 100% leased to Merrill Lynch, a tenant since 2001, and Rafferty, Domnick, Cunningham & Yaffa, which recently executed a new five-year lease in 2024. Investors benefit from immediate cash flow with built-in upside through future rent growth or strategic repositioning. Located within a supply-constrained, high-growth coastal market surrounded by dining, retail, residential, and waterfront amenities, the asset offers durable income today and long-term appreciation potential. Prime Waterfront Location in the heart of Downtown Pensacola's entertainment and business district with irreplaceable views. Iconic Palafox Street Frontage along the city's most desirable commercial corridor, surrounded by dining, retail, and residential development. Stabilized, Income-Producing Asset -- 100% leased to two long-term professional tenants; Merrill Lynch (12,255 RSF) -- tenant since 2001 and Rafferty, Domnick, Cunningham & Yaffa (6,739 RSF) -- new 5-year lease executed in 2024 Attractive In-Place Yield -- Offered at a 5.88% cap rate with stable downtown office income. Limited Downtown Office Supply supports long-term occupancy and rental stability. Historic, Character-Rich Building -- Three-story Class 'A' office building enhances market appeal and tenant retention. Walkable Waterfront Environment with immediate access to marina, festivals, restaurants, and hospitality. Located in a Growing Coastal Market benefiting from population growth and continued downtown revitalization. Rent Roll maintained almost 100% occupancy since building completed in 1999.

815 S Palafox Street, Pensacola

$335,000
1 Beds 2 Baths 780351 MLS
Here's what makes this worth it: Enjoy soaring 9- to 10-foot ceilings and expanded living space--larger than many 2-bedroom units--in this turnkey 1-bedroom, 2-bathroom retreat with a dedicated bunk nook. The private balcony delivers inspiring views of the Gulf and feel of luxury and privacy! The unit is fully furnished, making it an effortless high-performance rental investment or second home. Laketown Wharf is PCB's premier destination with an unmatched amenity package: Five Unique Pools, including a rooftop pool and a Gulf-view zero-entry pool. Direct, gated beach access. Famous nightly fountain show. On-site dining/buffet, bars, fitness center, and covered parking. With the monthly HOA covering Cable TV, WiFi, Insurance, Security, and all resort amenities, this is a hassle-free asset in a prime location. Don't miss this top-floor gem!

9860 S Thomas Drive Unit 2116, Panama City