Panama City, FL Homes for Sale under $200,000

• 

  

  

  /20

  $199,000

  • 3 Beds
  • 1 Bath
  • 1,008 Sq Ft

  2100 W Norwood Dr, Panama City, FL 32405

  Clean, simple, and in a price range buyers are actively watching. This 3-bedroom, 1-bath all-brick home sits right in the center of Panama City, just off Airport Road near 23rd Street--putting you minutes from grocery stores, the hospital, shopping, and restaurants.The home offers a solid layout with plenty of potential, whether you're looking for a primary residence or an investment

  Team Don and Bubba EXP Realty LLC

  2100 W Norwood Dr, Panama City, FL 32405
• 

  

  

  /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
• 

  

  

  /10

  $195,000

  • Land
  • 33,105 Sq Ft
  • $256,579 per Acre

  1526 S Berthe Ave, Panama City, FL 32404

  Set on 3/4 of an acre with over 100 feet of shoreline, this property offers the perfect backdrop to design the home you've always imagined. The bayou's calm waters invite you to create your own dock for fishing, boating, or simply soaking in the view. Mornings bring soft light across East Bay, while evenings close with glowing sunsets over the bayou—a daily reminder of the beauty of coastal

  M. Ashley Crawford Counts Real Estate Group

  1526 S Berthe Ave, Panama City, FL 32404
• 

  

  

  /23

  $149,950

  • 2 Beds
  • 1.5 Baths
  • 1,008 Sq Ft

  434 Venetian Way, Panama City, FL 32405

  Centrally located townhome in Venetian Villas with NO HOA. This property offers a great opportunity as a primary residence or rental investment. The home features a fenced-in backyard with a covered porch, perfect for outdoor relaxation or entertaining. Inside, you'll find a convenient half bath located downstairs for guests and everyday functionality, while all bedrooms are privately situated

  Kelly Flanagan Keller Williams Success Realty

  434 Venetian Way, Panama City, FL 32405
• 

  

  

  /13

  $199,000

  • 2 Beds
  • 2 Baths
  • 851 Sq Ft

  1701 Louise Ave, Panama City, FL 32401

  Charming Opportunity in the Heart of Panama City!Welcome to 1701 Louise Ave -- a cozy 2-bedroom home perfectly located near shopping, dining, schools, and just a short drive to the beaches and waterfront. This property offers the ideal blend of convenience and potential, making it a great choice for first-time buyers, downsizers, or investors looking for a solid rental opportunity.Inside,

  Rebecca Shockley Coastal Sun Realty LLC

  1701 Louise Ave, Panama City, FL 32401
• 

  

  /28

  $139,000

  • 1 Bed
  • 1 Bath
  • 603 Sq Ft

  1301 Beck Ave Unit 16, Panama City, FL 32401

  ***OPEN HOUSE!! May 8, 12-230PM!!!*** Welcome to 1301 Beck Avenue, Unit 16, a cozy and inviting 1 bedroom, 1 bathroom retreat located in one of the most desirable and walkable areas of town, just steps from the beautiful waters of St. Andrews Bay and the charm of the historic district. This location offers an unbeatable coastal lifestyle where you can enjoy peaceful morning walks along the bay,

  Team Don and Bubba EXP Realty LLC

  1301 Beck Ave Unit 16, Panama City, FL 32401
• 

  

  /17

  $169,000

  • 2 Beds
  • 1 Bath
  • 1,006 Sq Ft

  522 Arrow St, Panama City, FL 32404

  Introducing 522 Arrow St Panama City FL.... This 2 bedroom, 1 bath town home is conveniently located close to schools, shopping, restaurants and Tyndall Air Force Base. The interior of the home shows well with laminate and tile foors throughout and features a split bedroom plan. The living room is open to the kitchen with tall ceilings that add to the ''space'' of the room. Newer HVAC and water

  Jeff Payne Keller Williams Success Realty

  522 Arrow St, Panama City, FL 32404
• 

  

  /26

  $153,499 New Construction

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

  222 Springfield Ave, Panama City, FL 32401

  Brand New Mobile Home - Modern Living at an Affordable Price! Welcome to 222 Springfield Ave - a brand new mobile home offering the perfect blend of comfort, style, and affordability. Whether you're looking for a primary residence, a rental investment, or a low-maintenance getaway, this property checks all the boxes. Step inside to an open-concept layout designed for modern living, featuring a

  kyle Ballif EXP Realty LLC

  222 Springfield Ave, Panama City, FL 32401
• 

  

  /6

  $175,000

  • Land
  • 29,185 Sq Ft
  • $261,194 per Acre

  1512 S Berthe Ave, Panama City, FL 32404

  Great Investment Opportunity in Panama City! Two side-by-side lots located at 1512 S Berthe Ave and 1516 S Berthe Ave, Panama City, FL 32404. Both properties are cleared, build-ready, and already elevated for construction, allowing you to start your project right away. Excellent Location Just steps from Tyndall Close access to the water Convenient location with strong growth potential Flexible

  Danitza Galetti EXP Realty LLC

  1512 S Berthe Ave, Panama City, FL 32404
• 

  

  /21

  $165,500

  • 2 Beds
  • 1 Bath
  • 1,226 Sq Ft

  519 S Highway 22 A, Panama City, FL 32404

  Price Reduced!! Come view this two bedroom one bath townhome in Parker, close to Tyndall Airforce Base. This neighborhood provides an HOA with community pool and courtyard area which is great for families or just sitting outside relaxing in the green space. The complex is right across the street from Parker Elementary. The townhome features two bedrooms downstairs with bathroom shared between

  Daryle Burkey Coldwell Banker Realty

  519 S Highway 22 A, Panama City, FL 32404
• 

  

  /31

  $177,000

  • 3 Beds
  • 2 Baths
  • 1,296 Sq Ft

  1532 Nassau St, Panama City, FL 32409

  Fully updated 3-bedroom, 2-bath home in Southport offering modern finishes and move-in ready convenience. Enjoy an open-concept layout with new flooring, fresh paint, and abundant natural light throughout. The kitchen features updated cabinetry, stylish backsplash, and ample counter space, flowing seamlessly into the main living area, perfect for entertaining. Spacious bedrooms and refreshed

  Peyton Saluto EXP Realty LLC

  1532 Nassau St, Panama City, FL 32409
• 

  

  /18

  $139,000

  • Land
  • 15,246 Sq Ft
  • $397,143 per Acre

  299 Hugh Thomas Dr, Panama City, FL 32404

  Build Your Dream Home in a Prime Callaway Location! Discover the perfect opportunity at 299 Hugh Thomas Drive, a spacious 0.355-acre homesite ideally located just 8.8 miles from Tyndall Air Force Base. This oversized residential lot offers the perfect balance of privacy, space, and convenience. Water front lot with bayou access leading toward the bay and then gulf of mexico. Currently accessible

  Ceimar Nassar Contreras ERA Neubauer Real Estate Inc

  299 Hugh Thomas Dr, Panama City, FL 32404
• 

  

  /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
• 

  

  /29

  $139,900

  • 3 Beds
  • 2 Baths
  • 1,140 Sq Ft

  3515 E 14th St, Panama City, FL 32404

  3515 E 14th St, located in unincorporated Bay County, offers affordable living with a surprising amount of outdoor space in a convenient central Panama City location. Located just off of 15th Street, this property provides quick access to shopping, dining, schools, Tyndall Air Force Base, and everyday conveniences while still offering a residential setting. This well-maintained 2013 mobile home

  Michele Monastra Epique Realty Inc

  3515 E 14th St, Panama City, FL 32404
• 

  

  /25

  $119,000

  • 2 Beds
  • 1 Bath
  • 1,032 Sq Ft

  931 Taylor Dr, Panama City, FL 32404

  STRONG POTENTIAL IN THIS INVESTOR HOME! Take a look at this 2BR/1BA home offering 1,032 sq ft that presents a standout opportunity for the savvy construction-based investor. The home, which was converted from a manufactured home, features a charming, functional layout anchored by a cozy wood-burning fireplace, plus a generously sized lot with a detached storage building -- ideal for added

  Jessica Albritton Beachy Beach Real Estate

  931 Taylor Dr, Panama City, FL 32404
• 

  

  /59

  $189,900

  • 3 Beds
  • 2.5 Baths
  • 1,519 Sq Ft

  5916 Callaway Cir, Panama City, FL 32404

  This 3-bedroom, 2.5-bath townhome with a one-car garage is a prime investment opportunity in Sentinel Pointe. With a renter already in place, enjoy immediate rental income with minimal hassle. Property Features: Spacious Layout: Three bedrooms, 2.5 baths, and an attached garage. Modern Appliances: Includes stove, refrigerator, dishwasher, and built-in microwave. Low-Maintenance Living: HOA covers

  Whitney Moore TH Coastal Realty

  5916 Callaway Cir, Panama City, FL 32404
• 

  

  /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
• 

  

  /13

  $165,000

  • Land
  • 10,018 Sq Ft
  • $717,391 per Acre

  335 Watson Bayou Cir, Panama City, FL 32401

  Outstanding lot in one of the best residential communities in the Panama City Area... convenient to downtown, medical center, yacht club. This lot has excellent elevations, and is located on a quiet cul-de-sac, good back yard privacy, located on an open retention area with a view of Watson Bayou. .Call for access to subdivision website with covenants and other data.

  Tom Neubauer ERA Neubauer Real Estate Inc

  335 Watson Bayou Cir, Panama City, FL 32401
• 

  

  /10

  $159,900

  • Land
  • 7,405 Sq Ft
  • $940,588 per Acre

  LOT 3 Lapaloma Terrace, Panama City, FL 32401

  7492.32 sqft waterfront lot! Great location for your future waterfront home on the water. Build your dock and have access to the Gulf of Mexico. Close to everything you need like schools,hospital, shopping, etc. Additional adjacent lots available. Seller may consider seller financing. Perfect for investment or builder. Loads of potential here.

  Raymond Villanueva Palmetto Properties & Realty LLC

  LOT 3 Lapaloma Terrace, Panama City, FL 32401
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  /8

  $115,000

  • Land
  • 10,018 Sq Ft
  • $500,000 per Acre

  6415 W Smith Rd, Panama City, FL 32409

  Canal-front property in Southport, located less than three minutes from North Bay. This is an excellent opportunity to build your dream home and enjoy the convenience of having your boat docked directly behind your residence. Don't miss this exceptional lot.

  Team Don and Bubba EXP Realty LLC

  6415 W Smith Rd, Panama City, FL 32409
• 

  

  /14

  $109,900

  • 3 Beds
  • 2 Baths

  2418 Douglas Rd Unit 31, Panama City, FL 32405

  Experience The Shout, where thoughtful design meets everyday comfort. This brand-new Clayton Shout doublewide manufactured home is available now. Priced at just $124,900, Lot 31 delivers unbeatable value with 3 bedrooms, 2 baths, and 1,475 sq. ft. of stylish, functional living space. This doublewide mobile home for sale in Panama City, FL combines modern design, spacious living, and a prime

  Dallas Michels Hidden Oasis Estates

  2418 Douglas Rd Unit 31, Panama City, FL 32405
• 

  

  /16

  $169,900 Open Sat 11AM - 1PM

  • 1 Bed
  • 1 Bath
  • 532 Sq Ft

  3600 Tiki Dr Unit 115, Panama City, FL 32408

  Welcome to 3600 Tiki Dr Unit 115, perfectly situated in the charming and peaceful Hidden Lagoon Villas community just off N. Lagoon Drive. Tucked away from the hustle of larger complexes, this quaint neighborhood offers a more private, relaxed coastal lifestyle. As you travel into this neighborhood, you will ride down a picturesque road lined with beautiful Florida Cottage single-family homes,

  Elaine Fenster Coastal Palms Real Estate

  3600 Tiki Dr Unit 115, Panama City, FL 32408
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  /3

  $100,000 Pre-Foreclosure

  • 3 Beds
  • 1 Bath
  • 995 Sq Ft

  908 E 2nd Ct, Panama City, FL 32401

  Foreclosure Auction Ends May 18, 2026 at 12:00 PM EST. Explore this charming 3-bedroom, 1-bath residence set in a peaceful and well-located Panama City community. Sold As-is. Explore more details and submit your bid through Federa Home App.

  Jamie Boone Federa

  

  908 E 2nd Ct, Panama City, FL 32401
• 

  

  /25

  $190,000

  • 2 Beds
  • 1.5 Baths
  • 1,008 Sq Ft

  440 Venetian Way, Panama City, FL 32405

  Welcome to 440 Venetian Way--an updated 2-bedroom townhome in a highly convenient Panama City location, just off Highway 390. Enjoy quick access to restaurants, shopping, schools, and everyday essentials, all while being just a short drive to the bay and beaches. Best of all--no HOA!This home has seen several key updates, including a new roof, flooring, and privacy fence in 2018, offering

  Dien and Andrew Group Think Real Estate

  440 Venetian Way, Panama City, FL 32405
• 

  

  /14

  $119,500

  • Land
  • 22,651 Sq Ft
  • $229,808 per Acre

  729 Vista Del Sol Ln, Panama City, FL 32404

  Build Your Dream Home in an Exclusive Gated CommunityDiscover the perfect canvas for your next custom home in this exclusive, gated luxury community. This beautiful lot is surrounded by stunning grand estates, offering both elegance and privacy. Residents enjoy access to a private boat ramp, making it ideal for boating and waterfront living, along with a private HOA-maintained pool for

  Tareva Ligas Keller Williams Success Realty

  729 Vista Del Sol Ln, Panama City, FL 32404
• 

  

  /9

  $100,000

  • Land
  • 6,534 Sq Ft
  • $666,667 per Acre

  5309 Hopetown Ln, Panama City, FL 32408

  Build your dream home at 5309 Hometown Lane in the exclusive, gated community of Martinique! Located on the quiet East End of Panama City Beach, Martinique is highly sought after for its classic ''Old Florida'' charm, peaceful nature trails, and freshwater lakes. It's a very golf-cart-friendly neighborhood packed with great amenities, including an island-style community pool, a pavilion, a

  Team Don and Bubba EXP Realty LLC

  5309 Hopetown Ln, Panama City, FL 32408
• 

  

  /7

  $139,000

  • Land
  • 14,374 Sq Ft
  • $421,212 per Acre

  1101 Martin Luther King Junior Blvd, P C Beach, FL 32401

  REDUCED-MOTIVATED SELLER! This is a great opportunity to own a commercial lot on the corner of MLK and 11th Street. This commercial lot would be a great location for an office or a restaurant.MLK Blvd joins Highway 77. Very High traffic count and easy access Highway 231 and Lynn Haven. Ascension Sacred Heart Hospital is right down the street. 11th Street has a high traffic count. MLK is 4

  Cynthia Luster Coastal Property Services, Inc

  1101 Martin Luther King Junior Blvd, P C Beach, FL 32401
• 

  

  /8

  $135,000

  • Land
  • 11,761 Sq Ft
  • $500,000 per Acre

  6416 Marvin Ln, Panama City, FL 32409

  Whether you're searching for a primary residence or a weekend retreat with boating access, this property is the perfect fit. This .27-acre canal lot offers quick access to the deep waters of North Bay and is conveniently located near Lynn Haven's shopping and dining. The land is vacant, ready for clearing and building. Buyers are encouraged to verify all information.

  Team Don and Bubba EXP Realty LLC

  6416 Marvin Ln, Panama City, FL 32409
• 

  

  /24

  $139,900

  • 2 Beds
  • 1 Bath
  • 1,226 Sq Ft

  517 S Highway 22 A, Panama City, FL 32404

  Price Reduced!! Spacious townhome with tons of potential. Come view this two bedroom one bath townhome in Parker, close to Tyndall Airforce Base. This neighborhood provides an HOA with community pool and courtyard area which is great for families or just sitting outside relaxing in the green space. The complex is right across the street from Parker Elementary. The townhome features two bedrooms

  Daryle Burkey Coldwell Banker Realty

  517 S Highway 22 A, Panama City, FL 32404
• 

  

  /26

  $159,000

  • 1 Bed
  • 1.5 Baths
  • 620 Sq Ft

  4114 Holiday Dr Unit 20, Panama City, FL 32408

  Huge Price Reduction ** seller motivated** bring all offers ..... Affordable Beach Retreat - Rare Find 1BD loft UNIT ..... Just 100 Yards from the Gulf! Don't miss your chance to own one of the most affordable beach condos on the Emerald Coast! Perfect as a personal getaway or an income-producing investment, this top-floor gem is ideally located just steps from Beach Accesses 13 & 14--putting the

  Cindy Shoemaker Christies International Real Estate Emerald Coast

  4114 Holiday Dr Unit 20, Panama City, FL 32408
• 

  

  /14

  $199,000

  • 1 Bed
  • 2 Baths
  • 864 Sq Ft

  1328 Friendship Ave, Panama City, FL 32401

  CHARMING HISTORIC GEM! Perfect small home or rental. STR may be a great way to go here. Discover this delightful 1-bedroom, 2-bathroom home nestled in the prestigious Historic St. Andrews district of Panama City! This beautifully appointed property features a spacious master bedroom suite with generous closet space and natural light, complemented by two full bathrooms offering convenience and

  Tony Viejo AMERICAN REALTY of Bay Co, Inc

  1328 Friendship Ave, Panama City, FL 32401
• 

  

  /19

  $149,000

  • 1 Bath
  • 400 Sq Ft

  4114 Holiday Dr Unit 7, Panama City, FL 32408

  Discover one of the best values in Panama City Beach, an studio condo located less than 150 steps from the sugar white sand, and it is priced under $150K! Located in Sand Castle Villas, this unfurnished unit is a blank canvas ready for your personal design and furnishing vision. The kitchen has been thoughtfully updated with brand-new stainless steel appliances and new cabinetry, offering a

  Cindy Shoemaker Christies International Real Estate Emerald Coast

  4114 Holiday Dr Unit 7, Panama City, FL 32408
• 

  

  /11

  $167,900

  • 2 Beds
  • 1.5 Baths
  • 936 Sq Ft

  3742 E 9th St, Panama City, FL 32401

  NO HOA FEES, Affordable 2 bed , 1.5 bath with fenced back yard. The first floor offers Livingroom/dining area and half bath, kitchen with breakfast bar. Sliding doors off the dining area access the covered back porch, laundry room and fenced back yard. 2nd floor you have 2 nice size bedrooms and full bath. Call today to schedule an appointment for showing.

  Donna Stokes Top Producers Real Estate Group

  3742 E 9th St, Panama City, FL 32401
• 

  

  /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
• 

  

  /24

  $170,000

  • 2 Beds
  • 1.5 Baths
  • 972 Sq Ft

  3117 Debra Blvd, Panama City, FL 32405

  Updated, End Unit, gated backyard and additional privacy! Move in ready, this 2 bedroom, 1.5 bath townhome at 3117 Debra Blvd offers the flexibility buyers are looking for, whether as a primary residence, second home, or income producing investment. Inside, you will find tile flooring throughout the first floor and updated LVP upstairs, along with renovated bathrooms and a clean, modern feel from

  Team Don and Bubba EXP Realty LLC

  3117 Debra Blvd, Panama City, FL 32405
• 

  

  /6

  $110,000

  • Land
  • 7,840 Sq Ft
  • $611,111 per Acre

  726 Martin Luther King Junior Blvd, P C Beach, FL 32401

  Positioned in a high-visibility corridor, this property offers an excellent opportunity for investors, developers, or business owners looking to establish a presence in the heart of Panama City. Located along Martin Luther King Jr Blvd, a well-traveled thoroughfare connecting key areas of town, the site benefits from steady traffic flow and convenient access to major routes including US Hwy 231.

  Nia Keel Clubbs Real Estate Group LLC

  726 Martin Luther King Junior Blvd, P C Beach, FL 32401
• 

  

  /31

  $100,000

  • Land
  • 4,791 Sq Ft
  • $909,091 per Acre

  5228 Kingston Cir, Panama City, FL 32408

  Welcome to Martinique, one of Bay County's most desirable gated communities! Martinique is conveniently located... in close proximity to the beach, St. Andrew's State Park, some of PCB's best restaurants, live music venues and shopping! Martinique was designed with elegant architectural aesthetics in mind while retaining a sense of natural beauty. It's not an usual occurrence to see deer in your

  Tammy Smith Epique Realty Inc

  5228 Kingston Cir, Panama City, FL 32408
• 

  

  /39

  $189,000

  • 3 Beds
  • 1 Bath
  • 1,308 Sq Ft

  708 Cactus Ave, Panama City, FL 32401

  Fully Renovated • No HOA • Prime Location This beautifully updated home is the perfect blend of style, convenience, and freedom at a great value.Step inside to a bright, open-concept layout filled with natural light, thanks to all-new windows that instantly make the space feel warm and inviting. The thoughtfully designed split floor plan offers both comfort and privacy, ideal for everyday

  Ashley Meadows Keller Williams Success Realty

  708 Cactus Ave, Panama City, FL 32401
• 

  

  /17

  $135,000

  • 1 Bed
  • 1 Bath
  • 546 Sq Ft

  222 Sherman Ave, Panama City, FL 32401

  Don't miss this adorable 1 bedroom, 1 bathroom 1922 cottage that has been used as a short term rental, but could also be a great home as well. It comes fully furnished with everything needed to rent it. You'll enjoy the leather couches with recliners built in, smart tv, updated lighting, kitchen with cook top, refrigerator, table top microwave, coffee maker and toaster oven. The eat in kitchen

  Christine Lance Keller Williams Success Realty

  222 Sherman Ave, Panama City, FL 32401
• 

  

  /8

  $120,000

  • Land
  • 16,552 Sq Ft
  • $315,789 per Acre

  242 N Highway 22 A, Panama City, FL 32404

  Excellent opportunity to acquire a 0.38-acre vacant lot at 242 N Highway 22 A, Panama City, FL 32404. "Zoning: R-6M" This well-sized parcel offers ample space for building a custom spot or holding as a long-term investment. Located along a convenient highway corridor, the property provides easy access to local amenities, schools, and major roadways. Ideal for builders, or investors, seeking a

  Samih Sadiq KELLY RIGHT REAL ESTATE

  242 N Highway 22 A, Panama City, FL 32404

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