Panama City, FL Multifamily Homes & Duplexes for Sale

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  /41

  $264,900

  $25K PRICE DROP

  • 2 Beds
  • 2.5 Baths
  • 1,090 Sq Ft

  2603 Beech St, Panama City, FL 32408

  Beautifully updated and move in ready home featuring fresh, modern finishes throughout. Durable luxury vinyl plank flooring flows seamlessly through the living area and bedrooms, complemented by neutral paint tones and crisp white trim.The open living and dining area offer excellent natural light and flexible space for everyday living and entertaining. The kitchen features wood cabinets and

  

  Donna Stokes

  Top Producers Real Estate Group

  2603 Beech St, Panama City, FL 32408
• Explore Panama City

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  /100

  $1,100,000

  $85K PRICE DROP

  • 5 Beds
  • 4.5 Baths
  • 2,720 Sq Ft

  6722 S Lagoon Dr, Panama City, FL 32408

  Welcome to S Lagoon waterfront living, where investment potential, lifestyle, and flexibility come together in one beautifully updated 3-in-1 property, Pontoon conveys. Positioned directly on the water with two boat slips and a boat lift, this rare opportunity is ideal for boating enthusiasts, short-term or long-term rental income, multi-generational living, the ultimate house hacking. The main

  

  Heather Fox

  Beachy Beach Real Estate

  6722 S Lagoon Dr, Panama City, FL 32408
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  /5

  $1,190,000

  • 1,837 Sq Ft

  3533 U S 98, Panama City, FL 32401

  CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS - 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.

  

  Michael Werner

  Keller Williams Success Realty

  3533 U S 98, Panama City, FL 32401
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  /65

  $608,000

  • 6 Beds
  • 6 Baths
  • 2,907 Sq Ft

  116 Springfield Ave, Panama City, FL 32401

  Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers

  

  Heather Fox

  Beachy Beach Real Estate

  116 Springfield Ave, 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

  1209 E 10th St, Panama City, FL 32401
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  /37

  $319,999

  $15K PRICE DROP

  • 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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  /92

  $229,000

  $9K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,376 Sq Ft

  3515 W 19th St Unit 2, Panama City, FL 32405

  Adorably updated, this beautifully updated townhouse combines modern style with comfortable everyday living near the heart of St. Andrews. Inside, you'll find fresh finishes, contemporary touches, and a warm fireplace that creates the perfect focal point for the living space. The flexible floor plan offers a downstairs bedroom and bath, an upstairs bedroom and bath, and an additional bonus space

  

  Heather Fox

  Beachy Beach Real Estate

  3515 W 19th St Unit 2, Panama City, FL 32405
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  /15

  $529,000

  • 8 Beds
  • 10 Baths
  • 4,104 Sq Ft

  1512 Kraft Ave, Panama City, FL 32405

  Turn key quadplex in a great central location convenient to Highway 98. Each townhouse is 2 beds, 1.5 baths. Property boasts a new metal roof after Hurricane Michael and an excellent rental history. Owner responsibilities are limited with each unit being separately metered for water and electric with residents paying their own utilities. Live in one and rent out the rest to or rent all 4 for a

  Cain Mcneil CENTURY 21 Commander Realty

  1512 Kraft Ave, Panama City, FL 32405
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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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  /35

  $199,000

  New Construction $16K PRICE DROP

  • 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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  /26

  $385,000

  • 2 Beds
  • 1 Bath
  • 768 Sq Ft

  1310 Arthur Ave, Panama City, FL 32401

  Fantastic turnkey multi-family property in the desired St. Andrews area. Investors take a look at this one. This multi-unit rental property includes 4 total units. Unit A is 2 bed, 1 bath; Units B, C and D are 1 bed, 1 bath. Every unit is occupied and cash-flowing monthly. Please do not disturb tenants, they are happy and love where they live. Great proximity to Downtown St. Andrews and just a

  Jeremy Dawson Northwest Florida Realty, LLC

  1310 Arthur Ave, 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

  $799,000

  New Construction $19K PRICE DROP

  • 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

  $21K PRICE DROP

  • 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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  /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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  /41

  $248,000

  $7K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 592 Sq Ft

  5814 Pinetree Ave, Panama City, FL 32408

  Welcome to Pinetree Parlor, a fabulous 1 Bedroom half duplex that is move in or rental ready-only a short distance to the beach! The lower lagoon neighborhood is Golf Cart friendly and you have the Dolphin St Boat ramp around the corner. Nearby you have St. Andrew's State Park, mini golf/ attractions, restaurants, bars, and of course, The Emerald Coast and Beautiful sugary soft white sandy

  Sebastian Wroblewski Beach Haven Realty

  5814 Pinetree Ave, Panama City, FL 32408
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  /38

  $204,000

  New Construction $5K PRICE DROP

  • 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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  /98

  $1,950,000

  • 7 Beds
  • 4 Baths
  • 2,550 Sq Ft

  Unlisted Address

  Rare PCB Beach Compound 4109&4111 Marlin St|| 3 Residences • One Parcel • Two Lots from the Beach • Heated/Chilled Pool • Sleeps 18-20 • Fully Furnished & Turnkey. with effective build date June 2026 Rare opportunities like this simply don't exist anymore. Just two lots from the beach, this one-of-a-kind Panama City Beach compound offers three separate residences on one parcel--a beautifully

  Ahmed Ismail Guardian Real Estate Group LLC

  Unlisted Address
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  /27

  $690,000

  New Construction

  2431 Game Farm Rd, Panama City, FL 32405

  Prime Multi-Family Development Opportunity - R2 Zoning | Approx. 1.92 Acres Exceptional investment and development opportunity in a growing area. This approximately 1.92-acre parcel is zoned R2 Multi-Family and allows up to 15 units per acre, supporting a potential development of up to 23 residential units (subject to final engineering, site plan approval, and municipal review). The property

  Diane Rushing Anchor Realty Florida

  2431 Game Farm Rd, Panama City, FL 32405
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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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  /26

  $589,999

  • 4 Beds
  • 2 Baths
  • 1,232 Sq Ft

  5220 Beach Dr, Panama City, FL 32408

  Experience coastal living at its best with this beautifully maintained duplex just steps from Beach Access #5 and the stunning sugar-white shoreline along the Gulf. Offering a total of four bedrooms and two full baths, the property is configured as two private residences, each featuring two bedrooms and one bathroom, creating an excellent flexibility for personal use, vacation rentals, or

  M. Roberts LoKation Real Estate

  5220 Beach Dr, 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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  /26

  $459,000

  • 4 Beds
  • 2 Baths
  • 2,071 Sq Ft

  3217 Caitlin St, Panama City, FL 32404

  Prime location and move-in ready! This 4-bedroom, 2-bath home is located in Phase III of Magnolia Hills and offers a functional split-bedroom floor plan with plenty of space. The kitchen and living room are bright and airy and overlook the pool. The primary suite features a double vanity, separate tub and shower, and a large walk-in closet. Step outside and enjoy the backyard, complete with a

  Danielle Humphrey CENTURY 21 Commander Realty

  3217 Caitlin St, Panama City, FL 32404
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  /14

  $129,000

  • 3 Beds
  • 2 Baths
  • 1,228 Sq Ft

  813 E 9th St, Panama City, FL 32401

  Charming Panama City Opportunity with Endless Potential!Discover the possibilities at 813 E 9th St! This traditional 3-bedroom, 2-bathroom single-family home features 1,228 square feet of functional living space, providing a solid foundation for your next investment project or personal customization. Situated on a city-accessible lot with public utilities and central electric AC, this

  INVESTMENT REALTY Beach Realty of Florida

  813 E 9th St, Panama City, FL 32401
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  /26

  $315,000

  • 4 Beds
  • 2 Baths
  • 1,359 Sq Ft

  176 N Anita Dr, Panama City, FL 32404

  Completely Renovated 4-Bedroom Block Home on a Spacious Corner Lot with Solar Panels & No HOA Welcome to 176 N Anita Drive, a beautifully renovated block home on a slab foundation situated on a generous 0.41-acre corner lot. This move-in-ready property offers 4 bedrooms, 2 bathrooms, modern upgrades throughout, and the freedom of no HOA. Every major system has been updated for peace of mind,

  Coastal Vibes Luxury Beach Group Gulf Life Real Estate Inc

  176 N Anita Dr, Panama City, FL 32404
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  /18

  $279,900

  $10K PRICE DROP

  • 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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  /45

  $359,000

  $16K PRICE DROP

  • 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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  /54

  $549,900

  $100K PRICE DROP

  • 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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  /17

  $165,000

  $10K PRICE DROP

  • 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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  /44

  $869,900

  • 2 Beds
  • 3 Baths
  • 1,512 Sq Ft

  8523 Surf Dr, Panama City, FL 32408

  BEST DEAL FOR A GULF FRONT HOME IN PCB. CASA DEL SOL is a beautiful, bright and airy, remodeled end unit next to Beach Access #22 with a Mobi mat for easy walking to the beach. New exterior paint and landscaping. Gulf Front townhome right on the beach with NO HOA The views and sunsets are amazing along with the Gulf breezes. All stainless steel appliances, luxury vinyl plank flooring throughout,

  Chris White Great White Realty

  8523 Surf Dr, Panama City, FL 32408
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  /14

  $175,000

  New Construction $175K PRICE INCREASE

  • 3 Beds
  • 2 Baths
  • 902 Sq Ft

  3205 E 2nd Place, Panama City, FL 32401

  Recently repositioned to a highly competitive price, this newly completed duplex unit offers exceptional value for both investors and first-time homebuyers. Price reflects one individual unit (one side of the duplex). Each unit has its own separate parcel, utilities, and individual ownership structure. Featuring 2 bedrooms, 2 bathrooms, plus a flexible bonus room ideal for an office, nursery,

  Patricia Rodrigues Alves CostaBella Real Estate, LLC

  3205 E 2nd Place, Panama City, FL 32401
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  /44

  $539,000

  • 2 Beds
  • 2.5 Baths
  • 1,548 Sq Ft

  6724 Thomas Dr, Panama City, FL 32408

  Fully Remodeled Turnkey Vacation Rental | Exceptional Investment Opportunity | Gulf Views | Proven Income Producer. Welcome to this beautifully renovated, turnkey short-term rental located in the highly sought-after Sago Park Townhomes on Thomas Drive, one of Panama City Beach's top-performing vacation rental destinations. With neighboring townhomes consistently generating over $65,000 in annual

  Mike Herring Keller Williams Realty Emerald

  6724 Thomas Dr, Panama City, FL 32408
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  /41

  $265,000

  $2K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 1,654 Sq Ft

  201 Baldwin Rowe Cir, Panama City, FL 32405

  Welcome to 201 Baldwin Rowe! This beautifully maintained 3-bedroom, 2.5-bath townhome offers stylish updates, functional living space, and a comfortable, move-in-ready lifestyle. From the moment you walk in, you'll appreciate the thoughtful upgrades and inviting atmosphere throughout. The kitchen features updated granite countertops, newer appliances, and plenty of cabinet and counter space,

  Ayesha Albibi Centergate Realty LLC

  201 Baldwin Rowe Cir, 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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  /93

  $2,230,000

  New Construction

  • 10 Beds
  • 10 Baths
  • 5,156 Sq Ft

  5237 Thomas Dr Unit A&B, Panama City, FL 32408

  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

  Christopher Jennings CENTURY 21 AllPoints Realty

  5237 Thomas Dr Unit A&B, Panama City, FL 32408
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  /43

  $199,000

  New Construction

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

  1421 Martin Luther King Junior Blvd Unit C, 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 C, Panama City, FL 32401
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  /27

  $475,000

  $75K PRICE DROP

  • 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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  /34

  $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

  $499,000

  $36K PRICE DROP

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

  6908 Beach Dr, Panama City, FL 32408

  NEW PRICE--MOTIVATED SELLER! Capitalize on instant equity and turn-key income potential with this contemporary 3BR/2BA beach house. Drastically adjusted to reflect unbeatable market value, this fully furnished property features an open-concept layout, updated appliances, and a private backyard with a covered patio, outdoor fire-pit, and a massive storage shed. Best of all, enjoy NO HOA

  Laurence Aquino Quest Real Estate Services of Florida LLC

  6908 Beach Dr, Panama City, FL 32408
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  /47

  $495,000

  $155K PRICE DROP

  • 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 Florida, LLC

  8706 Surf Dr Unit A, Panama City, FL 32408

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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 Prices in Panama City, FL

The median home sale price in Panama City, FL is $325,000, consistent with the median home sale price year-over-year. Homes in Panama City sell in 61 days on average, compared to the national average of 57 days.

Home Price Trends

Median Sale Price $325,000	Median Single Family Sale Price $334,900
Median Townhouse Sale Price $252,900	Median 2 Bedroom Sale Price $300,000
Median 1 Bedroom Sale Price $288,500	Average Price Per Sq Ft $245
Number of Homes for Sale 1,228	Last 12 months Home Sales 2,495
Months of Supply 5.90	Median List Price $349,000
Median Change From 1st List Price 3%	Median Home Sale Price YoY Change 0%