Panama City, FL Multifamily Homes & Duplexes for Sale

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  /146

  $1,750,000

  • 10 Beds
  • 8 Baths
  • 3,500 Sq Ft

  5012 Gulf Dr Unit 1-4, Panama City, FL 32408

  60 FEET FROM BEACH ACCESS | RARE QUAD-PLEX PACKAGE WITH HUGE VACATION RENTAL INCOME POTENTIAL! Located approximately 60 feet from a wide paved public beach access, this extremely rare four unit beachside complex offers a unique opportunity to own a 2 story entire ground level quadplex at the end of a quiet cul de sac with no thru traffic. The direct proximity to beach access combined with the low

  

  Kerry Jackson

  LPT Realty LLC

  (448) 202-7317

  5012 Gulf Dr Unit 1-4, Panama City, FL 32408
• Explore Panama City

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  /8

  $365,000

  • 6 Beds
  • 4 Baths
  • 2,400 Sq Ft

  147 Claire Ave, Panama City, FL 32401

  Investment Opportunity! 2023 Duplex Near Tyndall AFB - 147 and 149 Claire Ave. Discover an exceptional income-producing duplex, offering the perfect blend of comfort, convenience, and strong rental performance. Each side features 3 bedrooms and 2 bathrooms, providing spacious layouts ideal for families or professionals. Each side is rented at $1650 (total $3300 monthly) With a total of 2,400 sq.

  

  Michael Werner

  Keller Williams Success Realty

  (448) 333-2359

  147 Claire Ave, Panama City, FL 32401
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  /2

  $360,000

  • 6 Beds
  • 4 Baths
  • 2,100 Sq Ft

  314 Bayou Ave, Panama City, FL 32401

  Investment Opportunity! 2024 Duplex Near Tyndall AFB 314 & 316 Bayou AveDiscover an exceptional income-producing duplex offering the perfect blend of comfort, convenience, and strong rental performance. Each side features 3 bedrooms and 2 bathrooms (total of 2,100 sq ft) providing spacious layouts ideal for families or professionals. Both units currently tenant-occupied at $1650 (total $3300

  

  Michael Werner

  Keller Williams Success Realty

  (448) 333-3148

  314 Bayou Ave, Panama City, FL 32401
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  /5

  $1,190,000

  • 1,837 Sq Ft

  3533 U S 98, Panama City, FL 32401

  Completely revitalized and effectively new as of 2021, this 14-unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand-new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. With full occupancy and consistent rental income, this asset

  

  Michael Werner

  Keller Williams Success Realty

  (448) 333-2040

  3533 U S 98, Panama City, FL 32401
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  /12

  $170,000

  • 4 Beds
  • 2 Baths
  • 1,640 Sq Ft

  1209 E 10th St, Panama City, FL 32401

  Duplex for Sale - Cash Buyers Only. Calling ALL Investors!!!!One side is vacant, featuring a 2-bedroom, 1-bath layout with living room and kitchen, and is ready for a little TLC and your personal touches. The other side is tenant-occupied with a wonderful long-term tenant in place, providing immediate income. Situated on a very large lot with multiple future opportunities for expansion or

  

  Tracye Crass

  Beach Haven Realty

  (448) 230-7457

  1209 E 10th St, Panama City, FL 32401
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  /50

  $285,000

  • 2 Beds
  • 2 Baths
  • 1,264 Sq Ft

  5504 Hilltop Ave Unit E, Panama City, FL 32408

  Beautifully Updated Single-Story attached single family home just steps from the Beach! Located just 0.3 miles from the stunning white sandy beaches, this spacious 2-bedroom, 2-bath attached single-family home offers the perfect blend of comfort, convenience, and coastal living. Enjoy peace of mind with numerous recent updates, including: New architectural shingle roof 2019, decking, insulation,

  

  Scott Seidler

  Keller Williams Success Realty

  (448) 233-2995

  5504 Hilltop Ave Unit E, Panama City, FL 32408
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  /5

  $780,000

  0 W 12th St Unit A11989551, Panama City, FL 32401

  Prime development opportunity in Panama City. This parcel allows for residential development with current zoning supporting up to 10 units per acre, with a maximum potential of approximately 51 units (subject to buyer’s verification). Additionally, the property may qualify for increased density under Florida’s Live Local Act, which can allow for significantly higher density when developing

  Damaso Medina United Realty Group Inc

  0 W 12th St Unit A11989551, Panama City, FL 32401
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  /36

  $215,000 New Construction

  • 2 Beds
  • 2.5 Baths
  • 1,007 Sq Ft

  1421 Martin Luther King Junior Blvd Unit A, Panama City, FL 32401

  Location, location, location! Enjoy low-maintenance living in this beautifully designed 2-bedroom, 2.5-bath home conveniently located near shopping, dining, schools, and just minutes from the new Martin Luther King Jr. Recreation Center. The spacious first floor features an open-concept layout with a full kitchen complete with stainless steel appliances and a large family room perfect for

  James Cameron JC Real Estate Group, LLC.

  1421 Martin Luther King Junior Blvd Unit A, Panama City, FL 32401
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  /38

  $6,243,750

  • 33,060 Sq Ft

  3536 Saint John St, Panama City, FL 32401

  This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020—featuring updated flooring, fresh paint, windows, and fixtures—the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site

  Marcy O'Donnell Luxe Coastal Realty Group LLC

  3536 Saint John St, Panama City, FL 32401
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  /53

  $818,000 New Construction

  • 8 Beds
  • 12 Baths
  • 4,028 Sq Ft

  1421 Martin Luther King Junior Blvd Unit A-D, Panama City, FL 32401

  Brand-New Quadruplex Across from MLK Recreation Center - Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances

  James Cameron JC Real Estate Group, LLC.

  1421 Martin Luther King Junior Blvd Unit A-D, Panama City, FL 32401
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  /29

  $328,500

  • 3 Beds
  • 2.5 Baths
  • 1,414 Sq Ft

  6083 E Highway 98, Panama City, FL 32404

  Bay Waterfront! Enjoy this spectacular view all day everyday on your enclosed porch or master bedroom balcony. Wake up to this awesome view! This townhouse features tile flooring in foyer, kitchen, baths and laundry room. Updated fully equipped kitchen with granite countertops and appliances, open breakfast bar to the living room and dining with bay view, half bath and laundry room on first

  Wilma Taylor CENTURY 21 Commander Realty

  6083 E Highway 98, Panama City, FL 32404
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  /56

  $648,000

  • 6 Beds
  • 6 Baths
  • 2,720 Sq Ft

  6315 Hilltop Ave, Panama City, FL 32408

  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

  Beth Christie Local Insight Realty

  6315 Hilltop Ave, Panama City, FL 32408
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  /44

  $425,000

  • 9 Beds
  • 6 Baths
  • 3,192 Sq Ft

  2721 E 19th St, Panama City, FL 32405

  All units are currently leased please do not disturb tenants. Investment Opportunity! This is a turnkey Mobile Home Park for sale that is located in the heart of Panama City. All three 2023 homes are like new and ready to go! The property is easily accessible and is convenient to Tyndall Air Force Base. This setup is streamlined to be income producing. Whether you are an experienced Investor or

  Jessica Wilson Northwest Florida Realty, LLC

  2721 E 19th St, Panama City, FL 32405
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  /38

  $209,000 New Construction

  • 2 Beds
  • 2.5 Baths
  • 1,007 Sq Ft

  1421 Martin Luther King Junior Blvd Unit B, Panama City, FL 32401

  Perfectly positioned for convenience and comfort, this beautifully designed 2-bedroom, 2.5-bath townhome offers easy access to shopping, dining, schools, and is just minutes from the new Martin Luther King Jr. Recreation Center. The main level features a spacious open living area and a well-appointed kitchen with stainless steel appliances, making everyday living and entertaining effortless. A

  James Cameron JC Real Estate Group, LLC.

  1421 Martin Luther King Junior Blvd Unit B, Panama City, FL 32401
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  /21

  $190,000

  • 3 Beds
  • 2 Baths
  • 1,040 Sq Ft

  2730 Oak Hammock Dr, Panama City, FL 32401

  Welcome to 2730 Oak Hammock Drive--where comfort, convenience and charm come together in this beautifully maintained 3-bedroom, 2-bath duplex-style home. Perfectly suited for first-time homebuyers or savvy investors, this property offers both functionality and style in a centrally located setting. Step inside to find a light-filled living space featuring coastal-inspired tile flooring and an

  M. Ashley Crawford Counts Real Estate Group

  2730 Oak Hammock Dr, Panama City, FL 32401
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  /46

  $599,000

  • 2 Beds
  • 2 Baths
  • 1,150 Sq Ft

  8706 Surf Dr Unit A, Panama City, FL 32408

  Directly across the street from the Gulf, this 2 bedroom, 2 bathroom townhome offers quick beach access, Gulf views, and updates that help reduce near-term maintenance. Two public beach access points are nearby, and the home is being sold fully furnished, making it a practical option for personal use, a second home, or rental use. For buyers exploring added rental flexibility, the neighboring

  Christina Schlink Compass

  8706 Surf Dr Unit A, Panama City, FL 32408
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  /51

  $305,000 New Construction

  • 4 Beds
  • 3 Baths
  • 2,080 Sq Ft

  2723 Usery Rd, Panama City, FL 32404

  Discover modern luxury living in this newly constructed home near Highway 231 in Panama City, Florida—an ideal primary residence, second home, or investment property with short-term rentals allowed and no HOA. Conveniently located near shopping, dining, and just 18 minutes from Tyndall Air Force Base, this open-concept home offers a flexible floor plan with a main-level bedroom ideal for a guest

  Kristina Briscoe Keller Williams Success Realty

  2723 Usery Rd, Panama City, FL 32404
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  /58

  $260,000

  • 2 Beds
  • 1.5 Baths
  • 1,152 Sq Ft

  2124 Sterling Cove Blvd, Panama City, FL 32408

  This affordable 2BD/1.5BA beach townhome is located in the gated community of Gates at Sterling Cove. The main level features an open floor plan w a half bath downstairs, while upstairs offers two spacious bedrooms and a full bath. The HOA includes pool access, lawn maintenance, pest control, annual pressure washing, and garbage service--providing easy, low-maintenance living. Conveniently

  J3/Jim Hodges Counts Real Estate Group Inc

  2124 Sterling Cove Blvd, Panama City, FL 32408
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  /11

  $260,000

  • 4 Beds
  • 2 Baths
  • 1,210 Sq Ft

  144 N Claire Dr, Panama City, FL 32401

  Go show. Don't miss this beautifully newly remodeled duplex offering 1,210 square feet of updated living space and excellent income potential. Thoughtfully upgraded with modern finishes and refreshed interiors, this property is move-in ready and perfect for both investors and owner-occupants. Each unit features a bright, open layout with updated flooring, contemporary fixtures, and stylish

  Shane Womack LoKation Real Estate

  144 N Claire Dr, Panama City, FL 32401
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  /5

  $650,000

  • 3,100 Sq Ft

  722 Martin Luther King Junior Blvd, Panama City, FL 32401

  Prime Commercial Property Near Downtown - 10 Bedrooms, 8 Baths, Over 3,000 Sq. Ft.Exceptional opportunity to own or invest in a spacious commercial building offering over 3,000 square feet on a 0.27-acre lot, ideally located just minutes from Downtown, major shopping centers, and the hospital. This versatile property features 10 bedrooms and 8 baths, ready to adapt to a variety of commercial

  Will Pender Keller Williams Success Realty

  722 Martin Luther King Junior Blvd, Panama City, FL 32401
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  /45

  $599,000

  • 2 Beds
  • 2 Baths
  • 1,150 Sq Ft

  8706 Surf Dr Unit B, Panama City, FL 32408

  Directly across the street from the Gulf, this 2 bedroom, 2 bathroom townhome offers quick beach access, Gulf views, and updates that help reduce near-term maintenance. Two public beach access points are nearby, and the home is being sold fully furnished, making it a practical option for personal use, a second home, or rental use. For buyers exploring added rental flexibility, the neighboring

  Christina Schlink Compass

  8706 Surf Dr Unit B, Panama City, FL 32408
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  /6

  $350,999

  • 4,768 Sq Ft

  520 Maine Ave, Panama City, FL 32401

  Looking to expand your real estate portfolio or jumpstart your journey as a landlord? This 5-unit multi-family property in Panama City offers steady cash flow and long-term value. partially rented / ready to lease (customize based on status) Low maintenance units - easy management Strong rental demand in the area Proximity to beaches, schools, and major employers Zoned for residential

  Will Pender Keller Williams Success Realty

  520 Maine Ave, Panama City, FL 32401
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  /18

  $279,900

  • 2 Beds
  • 1.5 Baths
  • 1,088 Sq Ft

  6300 Pinetree Ave, Panama City, FL 32408

  Freshly renovated and move-in ready, this property at 6300 Pinetree Ave Unit B gives a fantastic opportunity to enjoy the Panama City Beach lifestyle. No HOA. Located just minutes from the beautiful beaches and emerald waters of the Gulf, the home combines modern updates with a convenient coastal location. Situated in a quiet residential area, yet close to restaurants, shopping, and entertainment.

  Steven Koleno Beycome of Florida LLC

  6300 Pinetree Ave, Panama City, FL 32408
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  /39

  $374,500

  • 3 Beds
  • 2.5 Baths
  • 1,572 Sq Ft

  1211 Capri Dr, Panama City, FL 32405

  Experience waterfront living at this beautifully updated 3-bedroom, 2.5-bath duplex, perfectly situated in one of the most sought-after areas in town. This stunning property has been completely transformed with a modern design throughout. Step inside to find fresh paint, a fully updated kitchen, and stylishly renovated bathrooms, offering a clean, contemporary feel from top to bottom. Every

  Khuslen Erkhbayar World Impact Real Estate

  1211 Capri Dr, Panama City, FL 32405
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  /50

  $549,900

  • 5 Beds
  • 3 Baths
  • 2,509 Sq Ft

  3914 Ural St, Panama City, FL 32408

  Back on the market at no fault of sellers...Welcome to your perfect beach getaway! Conveniently located between the lagoon and the beach. This spacious FULLY FURNISHED 5 bedroom/3 bathroom home offers 2 houses in 1!! The main house (upstairs) is 4 bedroom/2 bath with a full downstairs appt with separate entrance offering 1 bedroom/1 bath. Live in one and rent out the other or rent both. This home

  Christina Daniels Keller Williams Success Realty

  3914 Ural St, Panama City, FL 32408
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  /43

  $389,000

  • 4 Beds
  • 2 Baths
  • 1,344 Sq Ft

  6211 Sunset Ave Unit A&B, Panama City, FL 32408

  With just a short walk to the Gulf of Mexico, this 4-bedroom, 2-bath duplex offers an unbeatable location surrounded by popular restaurants, vibrant nightlife, and convenient boat ramps. Only one mile from St. Andrews State Park, it's perfectly situated for both relaxation and adventure. Each side currently rents for $1,500/month, with tremendous potential to convert into a high-income short-term

  Clint Furney Anchor Realty Florida

  6211 Sunset Ave Unit A&B, Panama City, FL 32408
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  /17

  $170,000

  • 3 Beds
  • 2 Baths
  • 1,040 Sq Ft

  3704 Burnham Way, Panama City, FL 32405

  Don't miss this single story 3-bedroom, 2-bath attached home. With tile throughout the main living areas, you will enjoy the roomy living room, dining room and kitchen with updated appliances. The refrigerator was replaced in 2025, dishwasher (Bosch) in 2024, and stove in 2023. There was a new roof put on in 2025 with Peel N Stick underlayment added, HVAC was replaced in 2022 and the water heater

  Christine Lance Keller Williams Success Realty

  3704 Burnham Way, Panama City, FL 32405
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  /14

  $209,000 New Construction

  • 3 Beds
  • 2 Baths
  • 1,225 Sq Ft

  232 Springfield Ave, Panama City, FL 32401

  🔥 PRICE REPOSITIONED - EXCEPTIONAL OPPORTUNITY 🔥 Recently repositioned to a highly competitive price, this brand-new 3BR/2BA home offers exceptional value for both investors and first-time homebuyers. Price reflects one unit (half duplex). Whether for a primary residence or rental investment, this property delivers new construction quality at a price point rarely seen in today's

  Patricia Rodrigues Alves CostaBella Real Estate, LLC

  232 Springfield Ave, Panama City, FL 32401
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  /14

  $182,900 New Construction

  • 3 Beds
  • 2 Baths
  • 902 Sq Ft

  3205 E 2nd Place, Panama City, FL 32401

  🔥 PRICE REPOSITIONED - EXCEPTIONAL OPPORTUNITY 🔥 Recently repositioned to a highly competitive price, this brand-new 3BR/2BA home offers exceptional value for both investors and first-time homebuyers. Price reflects one unit (half duplex). Whether for a primary residence or rental investment, this property delivers new construction quality at a price point rarely seen in today's

  Patricia Rodrigues Alves CostaBella Real Estate, LLC

  3205 E 2nd Place, Panama City, FL 32401
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  /37

  $335,000

  • 4 Beds
  • 2 Baths
  • 1,728 Sq Ft

  3039 Headland Ave, Panama City, FL 32405

  Put your money to work for you with this fully rented income producing duplex! This property is currently producing revenue, and has just had a fresh facelift! Improvements include brand new wood railings around the front porch, fresh paint, and new gates on the fence. The metal roof and HVAC are both only 5 years old. Both units are two bedrooms and one bathroom, with a living room and kitchen.

  Ross Ticknor Clubbs Real Estate Group LLC

  3039 Headland Ave, Panama City, FL 32405
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  /49

  $496,000

  • 6 Beds
  • 4 Baths
  • 2,914 Sq Ft

  803 Oak Ave, Panama City, FL 32401

  Investment Opportunity on 100x160 corner lot in Downtown Panama City!This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development.The property

  Beth Christie Local Insight Realty

  803 Oak Ave, Panama City, FL 32401
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  /27

  $515,000

  • 4 Beds
  • 4 Baths
  • 2,196 Sq Ft

  2432 Valley Oak Ct, Panama City, FL 32408

  Excellent investment or owner-occupant opportunity with this well designed 2-unit property, where each unit offers 2 bedrooms and 2 bathrooms. Both units feature separate power and water meters, allowing for fully independent living and strong rental flexibility. Both Unit A and Unit B are currently occupied, providing immediate income from day one. This property offers a great blend of

  Team Don and Bubba EXP Realty LLC

  2432 Valley Oak Ct, Panama City, FL 32408
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  /45

  $1,495,000

  • 6 Beds
  • 8 Baths
  • 4,746 Sq Ft

  506 Anemone St, Panama City, FL 32413

  Investors, this is your golden opportunity! Located in the highly desirable Bid-A-Wee Beach neighborhood just steps away from your private beach access and just 2 Miles from Pier Park! This DUPLEX is designed with rental potential in mind. Each unit boasts its own private entrance, making it easy to rent out separately or accommodate a large family seeking spacious living. With a first-floor

  Abbott Martin Group EXP Realty LLC

  506 Anemone St, Panama City, FL 32413
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  /49

  $305,000 New Construction

  • 4 Beds
  • 3 Baths
  • 2,080 Sq Ft

  2725 Usery Rd, Panama City, FL 32404

  New construction in Panama City, FL with no HOA and short-term rentals allowed, perfect for a primary residence, second home, or investment property. Located near Highway 231 with easy access to shopping, dining, and just 18 minutes from Tyndall Air Force Base, this move-in-ready home features an open floor plan with luxury vinyl plank flooring throughout. The modern kitchen offers white shaker

  Kristina Briscoe Keller Williams Success Realty

  2725 Usery Rd, Panama City, FL 32404
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  /27

  $579,900

  • 6 Beds
  • 3 Baths
  • 2,052 Sq Ft

  6218 Hilltop Ave Unit A,B,C, Panama City, FL 32408

  Great investment opportunity in the desirable South Lagoon area! This well-located triplex offers the ideal combination of coastal living and steady income potential, just a short stroll from the sugar-white sands and nearby boat ramps. Conveniently situated near Grand Lagoon and St. Andrews State Park, with easy access to charter fishing, marinas, and popular local dining, this property is

  Ricky Ingram Solis Real Estate of Florida

  6218 Hilltop Ave Unit A,B,C, Panama City, FL 32408
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  /43

  $510,000

  • 3 Beds
  • 2 Baths
  • 1,242 Sq Ft

  6908 Beach Dr, Panama City, FL 32408

  HIGH-DEMAND LOCATION MEETS TURN-KEY INCOME POTENTIAL with this short-term rental in Panama City Beach. This 3BR/2BA home offers 1,242 SF heated (1,846 SF total) with updated furnishings and appliances, allowing for immediate rental operation. Investor-friendly features include extra-large parking for multiple vehicles, a covered patio, outdoor fire-pit gathering area, and a large storage shed

  Laurence Aquino Quest Real Estate Services of Florida LLC

  6908 Beach Dr, Panama City, FL 32408
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  /13

  $155,000

  • 2 Beds
  • 1.5 Baths
  • 936 Sq Ft

  816 Detroit Ave, Panama City, FL 32401

  Turnkey Opportunity in the Heart of Springfield, FL - Fully Renovated and Ready to Go! Seller is putting a brand new AC unit in the property the 3rd week of September. Seller is also giving a $5,000 Buyer concession. Welcome to 816 Detroit Avenue, a beautifully updated 2-bedroom, 1.5-bathroom property located right in the heart of Springfield, Florida. Whether you're a first-time homebuyer

  Michael McKinney Counts Real Estate Group Inc

  816 Detroit Ave, Panama City, FL 32401
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  /25

  $265,000 Open House 5/14

  • 2 Beds
  • 1 Bath
  • 832 Sq Ft

  5601 Pinetree Ave Unit A, Panama City, FL 32408

  EAST END Near SchoonersWALK TO THE BEACH NO HOA and STR FRIENDLY Welcome to the East End of Panama City Beach where locals buy, investors win, and guests love to stay. This 2 bedroom, 1 bath, single-story attached unit is located just 3 blocks from the beach, tucked off Thomas Drive in one of the most walkable, in demand pockets of the East End. Grab your towel, bike, or coffee and you're at

  Sandi Smith Dalton Wade Inc

  5601 Pinetree Ave Unit A, Panama City, FL 32408
• 

  

  /35

  $209,000 New Construction

  • 3 Beds
  • 2 Baths
  • 1,225 Sq Ft

  236 Springfield Ave, Panama City, FL 32401

  🔥 PRICE REPOSITIONED - EXCEPTIONAL OPPORTUNITY 🔥 Recently repositioned to a highly competitive price, this brand-new 3BR/2BA home offers exceptional value for both investors and first-time homebuyers. Price reflects one unit (half duplex). Whether for a primary residence or rental investment, this property delivers new construction quality at a price point rarely seen in today's

  Patricia Rodrigues Alves CostaBella Real Estate, LLC

  236 Springfield Ave, Panama City, FL 32401
• 

  

  /17

  $223,500

  • 3 Beds
  • 2 Baths
  • 1,230 Sq Ft

  6329 Chipewa St, Panama City, FL 32404

  Move in ready home has large living space with lots of storage on this roomy 3-bedroom 2-bath All New and Remodeled including all New kitchen with New real wood cabinets, New countertops and New SS appliances. All New bathrooms, New fixtures, New doors, New paint and New windows just to name a few. This home is split plan with lots of living area with a living room, dining room, nice kitchen,

  Roy Furst Central Bay Realty and Property Management LLC

  6329 Chipewa St, Panama City, FL 32404

Showing Results 1 - 40, Page 1 of 3

Why Live in Panama City

Panama City, located in the Florida Panhandle, is a historic community overlooking St. Andrew Bay, just minutes from the Emerald Coast's beaches. Unlike its neighboring Panama City Beach, Panama City is home to more full-time residents and offers a residential lifestyle with access to vacation-like attractions. The city is undergoing significant infrastructure revitalization, focusing on upgrading sewage and drinking water systems and repairing damage from Hurricane Michael. Housing options include primarily three-bedroom bungalows and cottages, with some newly built luxury homes and condos offering waterfront views. The median home price is around $305,000. St. Andrew Bay is central to local life, with many residents spending time on the water, utilizing marinas like St. Andrew Marina and visiting nearby Shell Island. The revitalizing Historic Downtown district features new restaurants, cobblestone streets, and a historic movie theater, with Harrison Avenue hosting pubs, bars, boutiques, and coffee shops. The Panama City Farmers Market and several seafood restaurants in the Historic St. Andrew neighborhood add to the local charm. The city also boasts a growing arts community, with art galleries, the Martin Theatre, and the CityArts Cooperative. Schools in Panama City are highly rated, including the Rising Leaders Academy, North Bay Haven Charter Academy High School, and A. Crawford Mosley High School. The BayWay bus system provides public transportation, and the Northwest Florida Beaches International Airport is about 23 miles away.

Learn more about living in Panama City

Home Trends in Panama City, FL

On average, homes in Panama City, FL sell after 63 days on the market compared to the national average of 57 days. The median sale price for homes in Panama City, FL over the last 12 months is $329,900, down 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$329,900

Median Single Family Sale Price

$339,500

Median Townhouse Sale Price

$252,900

Median 2 Bedroom Sale Price

$395,000

Median 1 Bedroom Sale Price

$300,000

Average Price Per Sq Ft

$251

Number of Homes for Sale

1,219

Last 12 months Home Sales

2,006

Months of Supply

7.30

Median List Price

$349,900

Median Change From 1st List Price

3%

Median Home Sale Price YoY Change

-3%