10

Downtown Homes for Sale

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  • /23

    $378,250

    • 1 Bath
    • 656 Sq Ft

    436 Harrison Ave Unit 6, Panama City, FL 32401

    *The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

    Kristen Barr Counts Real Estate Group Inc

    436 Harrison Ave Unit 6, Panama City, FL 32401
  • /13

    $1,750,000

    $250K PRICE DROP
    • Land
    • 20,037 Sq Ft
    • $3,804,348 per Acre

    0 Panama City Beach Pkwy Unit 778573, Panama City Beach, FL

    Exceptional opportunity to own a high-visibility corner lots at Hwy 98 and Malaga Place on the highly desirable west end of Panama City Beach. Zoned Plaza Commercial, this property is ideal for retail, office, restaurant, or mixed-use development. Located in the #2 fastest-growing metro in the United States, the site offers strong traffic exposure on busy Panama City Beach Parkway and is

    Kelly Stiles EXP Realty LLC

    0 Panama City Beach Pkwy Unit 778573, Panama City Beach, FL
  • /6

    $900,000

    • Land
    • 80 Acres
    • $11,250 per Acre

    000 U S 231, Callaway, FL 32404

    Approximately 80 acres with +/- 3,700 feet fronting U.S. Highway 231 with a median-cut on the north end. This property is currently zoned AG-1. Located in Bay County and just 1/2 mile north of the main entrance to Port Panama City's Intermodal Distribution Center. (Commerce Boulevard. With land use change to industrial and incorporation into Panama City limits, the property would make ideal

    Chris McCall Counts Real Estate Group Inc

    000 U S 231, Callaway, FL 32404
  • /18

    $286,750

    • 1 Bath
    • 488 Sq Ft

    436 Harrison Ave Unit 12, Panama City, FL 32401

    *The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

    Kristen Barr Counts Real Estate Group Inc

    436 Harrison Ave Unit 12, Panama City, FL 32401
  • /16

    $449,000

    $176K PRICE DROP
    • Land
    • 30,492 Sq Ft
    • $641,429 per Acre

    612 Mckenzie Ave, Panama City, FL 32401

    PRICE REDUCTION on this beautiful piece of property near downtown Panama City! PRICE includes bonus lot on Harmon Ave. 612 McKenzie Ave is a large valuable commercial investment property located inside the downtown district of Panama City. Zoned commercial DTD, which aligns with the vision of redevelopment and vitality in the downtown area and allows for many different commercial or residential

    Elaine Fenster Coastal Palms Real Estate

    612 Mckenzie Ave, Panama City, FL 32401
  • /26

    $387,500

    • 1 Bath
    • 656 Sq Ft

    436 Harrison Ave Unit 15, Panama City, FL 32401

    *The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

    Kristen Barr Counts Real Estate Group Inc

    436 Harrison Ave Unit 15, Panama City, FL 32401
  • /6

    $524,750

    New Construction
    • 1 Bed
    • 1 Bath
    • 1,100 Sq Ft

    436 Harrison Ave Unit A, Panama City, FL 32401

    *The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

    Kristen Barr Counts Real Estate Group Inc

    436 Harrison Ave Unit A, Panama City, FL 32401
  • /12

    $815,000

    • Land
    • 5.49 Acres
    • $148,452 per Acre

    000 Front Beach Rd, Panama City Beach, FL

    Large 5.5 Acre commercial property located at the southwest corner of Front Beach Road and Holley Lane, at the east-end of Panama City Beach near the on-ramp to the Hathaway Bridge. Zoned C-3, General Commercial within unincorporated Bay County. Approximately 3.5 acres of the property is wetlands that will have to be permitted. The site will require wetlands permitting, clearing, and fill dirt.

    Chris McCall Counts Real Estate Group Inc

    000 Front Beach Rd, Panama City Beach, FL
  • /11

    $55,000

    • Land
    • 0 Sq Ft

    448 Harrison Ave Unit A, Panama City, FL 32401

    Business Only! Can't Hide Pretty, a chic coastal women's boutique located in the heart of Historic Downtown Panama City, Florida, benefiting from a prime, high-visibility storefront and strong foot traffic--especially during peak tourist season. The business offers a standout customer experience both in-store and online, pairing a beautifully curated retail space with an easy-to-shop,

    Matthew Jones Coastal Heritage Real Estate LLC

    448 Harrison Ave Unit A, Panama City, FL 32401
  • /15

    $357,150

    • 1 Bath
    • 706 Sq Ft

    436 Harrison Ave Unit 5, Panama City, FL 32401

    *The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

    Kristen Barr Counts Real Estate Group Inc

    436 Harrison Ave Unit 5, Panama City, FL 32401

Why Live in Downtown

Downtown Panama City is a historic neighborhood characterized by its brick and stucco storefronts, tall glass windows, and a mix of restaurants, boutiques, and offices. The area is known for its walkability, making it easy to explore various dining options such as House of Henry, an authentic Irish pub, and Lone Star Boil House & Sports Bar, which offers regional seafood dishes. History Class Brewing Company, located in a 1930s building, provides a unique experience with local artifacts. Tarpon Dock Seafood Market is another highlight, offering a wide selection of fresh seafood. McKenzie Park, the oldest park in Bay County, hosts a weekly farmers market and annual events like the Fourth of July celebration. Housing in Downtown is limited but growing, with developments like the Mashburn Building being converted into condos. The Bay District school system serves the area, with Bay High receiving a B-plus rating and offering specialized programs in digital design and engineering. U.S. Route 98 runs through the neighborhood, providing easy access to Panama City Beach, less than 10 miles away. The Bayway bus system also has multiple stops in the area. Downtown Panama City is safer than the national average, making it a practical choice for potential residents.

Downtown Home Prices vs. Nearby Panama City, FL Neighborhoods

Downtown Panama City Beach Upper Grand Lagoon Cedar Grove
Median Home Price
$378,250
$447,400
$440,950
$275,000
Median Sale Price
--
$403,017
-4% YoY
$394,500
-1% YoY
$270,000
-4% YoY
Median Single Family Price
--
$471,125
$475,000
$267,000
Median Condo Price
$378,250
$384,000
$325,000
--
Total Active Listings
5
1,486
340
6
Market Conditions
--
8 Months of Supply
Buyer's Market
9 Months of Supply
Buyer's Market
8 Months of Supply
Buyer's Market

Frequently Asked Questions

Is Downtown a good place to live?
Downtown is a good place to live. Downtown is considered somewhat walkable and somewhat bikeable with some transit options. Downtown is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Downtown has 1 park for recreational activities. It is fairly sparse in population with 3.0 people per acre and a median age of 44. The average household income is $31,763 which is below the national average. College graduates make up 15.1% of residents. A majority of residents in Downtown are renters, with 58% of residents renting and 42% of residents owning their home. A local real estate agent serving Downtown can help you decide if this neighborhood is the right one for you. Learn more on our Downtown neighborhood guide.
Is Downtown, FL a safe neighborhood?
Downtown, FL is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Downtown?
The median home price in Downtown is $378,250. If you put a 20% down payment of $75,600 and had a 30-year fixed mortgage with an interest rate of 6.43%, your estimated principal and interest payment would be $1,900 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $81K a year to afford the median home price in Downtown. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Downtown is $32K.
What are the best public schools in Downtown?
The best public schools that serve Downtown are:
What are the best private schools in Downtown?
The best private schools that serve Downtown are:
What are the most popular zip codes in Downtown, Panama City, FL?
The most popular zip codes in Downtown, Panama City, FL include 32401, 32404, 32444, 32405 and 32408.
What are the most popular neighborhoods near Downtown, Panama City, FL?
The most popular neighborhoods near Downtown, Panama City, FL are Downtown North, South Panama City, Millville, Saint Andrews and East Panama City.
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