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

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  /2

  $184,500

  • Land
  • 1.23 Acres
  • $150,000 per Acre

  2011 Harrison Ave, Panama City, FL 32405

  1.2 Acre Parcel in the heart of Panama City. Zoned GC-2 allows for a vast range of uses including retail centers, shopping malls, vehicle sales/service, professional offices, and warehousing.

  Cory Herrman Counts Real Estate Group Inc

  2011 Harrison Ave, Panama City, FL 32405
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  /10

  $195,000

  • 3 Beds
  • 2 Baths
  • 1,416 Sq Ft

  1210 Stephen Dr Unit 2, Panama City, FL 32405

  Conveniently located in the heart of Panama City, this beautifully updated townhome offers affordable living with comfort and convenience. Ideal for first-time homebuyers, college students, or growing families, the property is just minutes from local hospitals, shopping, dining, and nearby college campuses. This move-in-ready home features 3 spacious bedrooms and 2.5 bathrooms, along with

  Hope Abbott Turner Keller Williams Realty Emerald

  1210 Stephen Dr Unit 2, Panama City, FL 32405
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  /7

  $114,000

  • Land
  • 21,780 Sq Ft
  • $228,000 per Acre

  425 Maine Ave, Panama City, FL 32401

  Prime Commercial Opportunity Near Watson Bayou - Cleared Corner Lot in Central Millville Business District Strategically situated at a busy intersection with dual road frontage, the site benefits from excellent accessibility and exposure, boasting a high daily traffic count of 21,500 vehicles (FDOT, 2017). This makes it an ideal location for businesses seeking maximum visibility and customer

  Mike Herring Keller Williams Realty SRB

  425 Maine Ave, Panama City, FL 32401
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  /14

  $139,000

  • 3 Beds
  • 1 Bath
  • 1,211 Sq Ft

  Unlisted Address

  Investment Opportunity or Fixer UpperOver 1 acre offering possibility to build 2 single family residences or possibly put a small subdivision in of 8 single family homes.(Verify this information with the County)The existing home has 3 bedrooms 1 bath, screened porch but home is in need of repairs.Endless possibilities with a great location in Highland Park close to 231, Lynn

  Susan Tucker Hitchcock Real Estate LLC

  Unlisted Address
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  /25

  $140,000

  • 4 Beds
  • 1 Bath
  • 1,152 Sq Ft

  604 Barton Ave, Panama City, FL 32404

  Fixer Upper. Sturdy water tight block home. This 4 bedroom 1 bath ranch home is ready to be updated. It has a large screened patio, that needs to be redone. There's also a large storage shed with electric. The property has a nice large yard. With some sweat equity this home is ready for new owners.

  Catrina Raevens Anchor Realty Florida

  604 Barton Ave, Panama City, FL 32404
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  /28

  $140,000

  • 4 Beds
  • 3 Baths
  • 1,776 Sq Ft

  3110 B St, Panama City, FL 32404

  Spacious 4 bedroom, 3 bath home with an open floor plan sitting on a huge corner lot just over 3/4 of an acre. Located only about 20 minutes from Panama City Beach, you get the perfect mix of space and convenience. Enjoy a fully covered front porch, privacy trees lining the front of the property, and a partially fenced yard with plenty of room to spread out. Out back you'll find a 20x20 shed for

  Kelly Flanagan Keller Williams Success Realty

  3110 B St, Panama City, FL 32404
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  /3

  $190,000 New Construction

  • 2 Beds
  • 2 Baths
  • 933 Sq Ft

  1116 Mercedes Ave Unit C, Panama City, FL 32401

  Step inside this brand-new townhome at 1116 Mercedes Ave in Panama City and enjoy modern living just minutes from the coast. Offering nearly 1,000 square feet of thoughtfully designed space, this home features a bright living and dining area, a contemporary kitchen, two bedrooms, two full bathrooms, and a convenient laundry area. A private driveway provides dedicated parking, and the fresh

  JAMIE KITZMILLER Think Real Estate

  1116 Mercedes Ave Unit C, Panama City, FL 32401
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  /20

  $139,000

  • Land
  • 22,651 Sq Ft
  • $267,308 per Acre

  295 Hugh Thomas Dr, Panama City, FL 32404

  Build Your Dream Home in a Prime Callaway Location! Discover the perfect opportunity at 295 Hugh Thomas Drive, 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 by small boats due to a bridge

  Ceimar Nassar Contreras ERA Neubauer Real Estate Inc

  295 Hugh Thomas Dr, Panama City, FL 32404
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  /18

  $170,000

  • 1 Bed
  • 1 Bath
  • 540 Sq Ft

  5505 Sun Harbor Rd Unit 217, Panama City, FL 32401

  SHORT TERM RENTALS ALLOWED!! Waterfront living at an amazing price. This 2nd floor condo offers breathtaking views of the bay, with direct access to the gulf. Spend your days boating or relaxing in the pool, treat yourself to delicious meals at the new restaurant coming soon and enjoy the serenity of the water view and the beauty of the sunset every evening from your balcony. This unit has a new

  Jessica Kittley World Impact Real Estate

  5505 Sun Harbor Rd Unit 217, Panama City, FL 32401
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  /27

  $189,999

  • 2 Beds
  • 1.5 Baths
  • 1,164 Sq Ft

  1025 W 19th St Unit 10C, Panama City, FL 32405

  Assumable 3.375% Mortgage Opportunity!!! This beautifully updated 2-bedroom townhome is move-in ready and packed with recent upgrades. The home features all new windows, a new front door and storm door, new bathroom vanities with stone countertops, new faucets and mirrors, a deep soaking shower/tub combo with sleek marbled acrylic wall panels, plus... the master has a double sink vanity. You'll

  Sheryl Beaver LoKation Real Estate

  1025 W 19th St Unit 10C, Panama City, FL 32405
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  /24

  $150,000

  • 3 Beds
  • 2 Baths
  • 1,560 Sq Ft

  6720 Olokee St, Panama City, FL 32404

  Perfectly maintained 4Bd/ 2Ba 1,560 SqFt 2009 home for sale. Ample of natural light, modern flooring throughout the house, spacious kitchen, washer and dryer hook up, good size shed on the fenced in back yard. Convenient location close to everything for affordable price. Flood zone X, which means flood insurance is not required. Call today to schedule a showing!

  Maxim Sedov Keller Williams Success Realty

  6720 Olokee St, Panama City, FL 32404
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  /18

  $189,999

  • 1 Bed
  • 1 Bath
  • 580 Sq Ft

  6909 N Lagoon Dr Unit F3, Panama City, FL 32408

  Bright ground-floor 1BR/1BA in the gated, waterfront community of Dockside North on Grand Lagoon. Community boat dock and slips!! This unit offers direct access to the pool from a spacious private patio and includes designated parking right in front. The kitchen is ready for a new owner's vision--quartz countertops are already onsite, cabinets can be selected, and it's an ideal opportunity to

  Cindy Hamre Coastal Choice Realty LLC

  6909 N Lagoon Dr Unit F3, Panama City, FL 32408
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  /21

  $185,000

  • 1 Bed
  • 1 Bath
  • 750 Sq Ft

  2100 W Beach Dr Unit B202, Panama City, FL 32401

  Relax and enjoy your quiet courtyard view from this second floor one bedroom condo in the Waterfront community of Landmark Condominiums. Updates include a fully remodeled bathroom with walk in shower, kitchen cabinets, countertops and appliances. Fully furnished and move in ready! Experience easy living with access to two pools, a dock, private beach, fitness room and clubhouse with a pavilion.

  Savannah Hamilton Paradise Properties of NW Florida

  2100 W Beach Dr Unit B202, Panama City, FL 32401
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  /8

  $169,000

  • 2 Beds
  • 1 Bath
  • 882 Sq Ft

  6336 Omoko St, Panama City, FL 32404

  Newly Remodeled 2 Bed, 1.5 Bath Townhome! Step into this beautifully renovated townhome located in one of the most rapidly developing areas of town. This 2-bedroom, 1.5-bath home has been thoughtfully updated with brand-new flooring throughout, fresh interior paint, modern trim, new HVAC system, tiled shower and stylish light fixtures that add a contemporary touch. The kitchen features brand-new

  Steven Koleno Beycome of Florida LLC

  6336 Omoko St, Panama City, FL 32404
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  /36

  $147,000

  • 1 Bed
  • 1 Bath
  • 400 Sq Ft

  4114 Holiday Dr Unit 18, Panama City, FL 32408

  Discover one of the best beachside values in Panama City Beach—a rental-ready studio just steps from the sand. Located in Sand Castle Villas, this beautifully maintained and fully furnished studio condo is truly turnkey and ready to generate income from day one. With custom built-in loft beds, a luxury main sleeping area, and a smart, space-efficient layout, making it especially attractive for

  Cindy Shoemaker Christies International Real Estate Emerald Coast

  4114 Holiday Dr Unit 18, Panama City, FL 32408
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  /14

  $182,900 New Construction

  • 3 Beds
  • 2 Baths
  • 902 Sq Ft

  3207 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

  3207 E 2nd Place, Panama City, FL 32401
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  /2

  $129,900

  • Land
  • 17,424 Sq Ft
  • $324,750 per Acre

  0000 Drummond Ave, P C Beach, FL 32401

  Great location for Business!! Convenient, centrally located and easily accessible. Two huge side be side lots just off 15th Street. Zoned Mixed use. The possibilities are endless. Wooded and not in a flood zone. Priced to sell quick!!

  Alicia Hartline CENTURY 21 Ryan Realty Inc

  0000 Drummond Ave, P C Beach, FL 32401
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  /3

  $125,000

  • Land
  • 5,227 Sq Ft
  • $1,041,667 per Acre

  5323 Hopetown Ln, Panama City, FL 32408

  Beautiful lot next to walking trail with common area behind property for serene living and relaxation. The gated community of Martinique is known for premier location to sandy white beaches and embracing the Florida lifestyle. You'll love this vibrant community with a pool, dock, basketball courts, trails, and playground.

  Lori Logue VCFL Realty LLC

  5323 Hopetown Ln, Panama City, FL 32408
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  /10

  $120,000

  • Land
  • 30,056 Sq Ft
  • $173,913 per Acre

  Unlisted Address

  Commercial lot on N. Palo Alto Ave in Panama City, FL! This 0.694-acre vacant parcel offers high visibility, easy access, and excellent development potential. Perfect for retail, office, or mixed-use projects, the property provides ample space for parking and expansion. A rare opportunity to secure a well-located, growth-oriented site in a thriving neighborhood.

  Zack Seltzer Seltzer Real Estate, LLC

  Unlisted Address
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  /9

  $149,900

  • Land
  • 14,810 Sq Ft
  • $440,882 per Acre

  1000 Spirit Sail Ct, Panama City, FL 32404

  Welcome to Laird Point, where waterfront living meets everyday ease. Tucked along a peaceful natural peninsula off the Intracoastal Waterway, this cleared homesite offers the rare opportunity to build your dream home with year-round deep water access right from your backyard. From your future dock, you can cruise straight from the bayou out to the Gulf, making this an ideal spot for boaters,

  Jacob Hutchins CENTURY 21 Commander Realty

  1000 Spirit Sail Ct, Panama City, FL 32404
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  /34

  $184,900

  • 1 Bed
  • 1 Bath
  • 924 Sq Ft

  105 Allen Ave Unit 56, Panama City, FL 32401

  RECENTLY REMODELED with a modern industrial design, this stylish condo is in a prime location in the heart of Panama City - The Cove. Located directly across the street from St. Andrews Bay, this first floor unit features updated finishes throughout, including exposed ductwork, concrete -style accents, stainless steel appliances, quartz countertops and custom cabinetry. There is also a small

  Tammy Milan Salty Marlin Realty LLC

  105 Allen Ave Unit 56, Panama City, FL 32401
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  /16

  $165,000

  • Land
  • 1.93 Acres
  • $85,492 per Acre

  259 Arlington Dr, Panama City, FL 32404

  Ready to build 7 lakefront lots.The property corner is already clean and ready to build with 400 ft on Hwy 22.The parcel take 7 lots total.The comps shows around the lake from the $300,000.00 and the $350,000.00

  Jan Carlos Cruz Liqui Realty Blu Inc

  259 Arlington Dr, Panama City, FL 32404
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  /5

  $129,900

  • Land
  • 13,068 Sq Ft
  • $433,000 per Acre

  2213 Hwy 231, Panama City, FL 32405

  Prime Commercial Property - Welcome to 2213 HWY 231. This property offers an incredible opportunity for your small business, or whatever you choose to place! This property is Zoned C-3A, General Commercial Low, allowing C-1 and C-2 uses as well, providing you the peace of mind to open your horizons of exploring ideas! Everything from Retail, Warehousing, Waste Management, Enterprise, Educational

  Jacob Hutchins CENTURY 21 Commander Realty

  2213 Hwy 231, Panama City, FL 32405
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  /2

  $129,000

  • Land
  • 1.5 Acres
  • $86,000 per Acre

  915 Everitt Ave, P C Beach, FL 32401

  Great price reduction, Owner financing available to the right buyer with 25% down. Great property in a fantastic location with endless possibility's. Vacant and easy to show.

  Steven Altman Anchor Realty Florida

  915 Everitt Ave, P C Beach, FL 32401
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  /29

  $165,000

  • 2 Beds
  • 2.5 Baths
  • 1,198 Sq Ft

  1325 W 12th St Unit A8, Panama City, FL 32401

  Welcome to effortless coastal living in the heart of Panama City! This beautifully maintained 2-bedroom, 2.5-bath condo offers the perfect blend of style, comfort, and convenience. Step inside to an inviting open-concept layout where the living room and kitchen flow seamlessly together--ideal for entertaining or simply relaxing at home. The kitchen features elegant granite countertops, ample

  Christina Daniels Keller Williams Success Realty

  1325 W 12th St Unit A8, Panama City, FL 32401
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  /5

  $165,000

  • Land
  • 1 Acre
  • $165,000 per Acre

  3905 E 11th St, Panama City, FL 32404

  Prime Mixed-Use Lot | 0.95 AC Near New City HallUnlock the potential of this versatile 0.955-acre lot, perfectly positioned near the new Springfield City Hall. With Commercial Mixed-Use zoning, this property offers rare flexibility for developers or business owners.Dual Street Access: Frontage on 11th Street with rear access from Wave Avenue--ideal for seamless traffic flow.Ultimate

  Krista Navarro Gulf Real Estate

  3905 E 11th St, Panama City, FL 32404
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  /12

  $180,000

  • Land
  • 5.43 Acres
  • $33,149 per Acre

  00 Country Club Dr, Panama City, FL 32404

  Approximately 5.43-acre vacant parcel located on Country Club Drive, offering an opportunity to build your custom home in a spacious setting. This property is part of the ±/- 21-acre package referenced in MLS #784297 and is being offered individually as a potential large parcel sale. The land is partially cleared, providing a head start for future development. A feasibility study and survey are

  Heather Neubauer ERA Neubauer Real Estate Inc

  00 Country Club Dr, Panama City, FL 32404
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  /7

  $174,900

  • 3 Beds
  • 2 Baths
  • 924 Sq Ft

  2001 Twin Oaks Dr, Panama City, FL 32408

  Located just minutes from the Beaches, this property offers exceptional value with its oversized corner lot—providing rare space, privacy, and strong potential for future development or improvement. The 3-bedroom, 2-bath manufactured home sits on a large enclosed backyard, ideal for outdoor living, expansion, storage, or future building opportunities. Whether you plan to renovate, use as a

  Tony Manthey The Premier Property Group

  2001 Twin Oaks Dr, Panama City, FL 32408
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  /18

  $115,500

  • Land
  • 21,780 Sq Ft
  • $231,000 per Acre

  709 Island Ct, Panama City, FL 32404

  Waterfront Lot in Gated Laird Point - Build Your Dream Home Welcome to 709 Island Court, a half-acre waterfront lot in the private, gated community of Laird Point. With over 100 feet of waterfront frontage, this property offers the perfect setting to design and build your custom coastal home. The Laird Point community combines natural beauty with modern amenities, including gated entry, a

  David Thomasee Think Real Estate

  709 Island Ct, Panama City, FL 32404
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  /25

  $200,000

  • 3 Beds
  • 2 Baths
  • 1,350 Sq Ft

  2100 W Beach Dr Unit P202, Panama City, FL 32401

  MUST SEE!! REMODELED 3 bedroom condo in a highly desirable Waterfront community in Historic St. Andrews! The interior has been freshly painted and updated with new kitchen cabinets and countertops, both bathrooms have new vanities, sinks & tilework while vinyl plank flooring has been installed throughout. This spacious, 2nd floor condo is nestled in a quiet corner of Landmark with courtyard views

  Savannah Hamilton Paradise Properties of NW Florida

  2100 W Beach Dr Unit P202, Panama City, FL 32401
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  /2

  $124,900 Coming Soon

  • 3 Beds
  • 1 Bath
  • 988 Sq Ft

  908 Cone Ave, Panama City, FL 32401

  COMING SOON LISTING, NO SHOWINGS. Looking for an investment property already generating revenue? Currently renting for $1,100 monthly through the end of July. All measurements and items of importance are to be confirmed by buyer or buyer agent.

  Patrick Pate Beach Haven Realty

  908 Cone Ave, Panama City, FL 32401
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  /37

  $179,900

  • 1 Bed
  • 1.5 Baths
  • 396 Sq Ft

  1219 Thomas Dr Unit 123, Panama City, FL 32408

  *Looking for an affordable second home or income-producing vacation rental? This is one of the best-priced properties on the beach! *This 1-bedroom, 1.5-bath home in Emerald Pointe Resort offers everything you need for the perfect coastal getaway. The home has been well maintained and features a new roof, new appliances, new A/C (2021), LVP flooring (2020), fresh interior paint (2020), water

  Wanda Miller Adventure Realty Group LLC

  1219 Thomas Dr Unit 123, Panama City, FL 32408
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  /3

  $150,000

  • Land
  • 25,264 Sq Ft
  • $258,621 per Acre

  230 W 15th St, Panama City, FL 32405

  Prime Commercial Corner Lot - Oak St & 15th St, Panama City, FLProperty Overview:This highly visible commercial property is positioned at the corner of Oak Street and 15th Street (SR 30A/US 231 Flyover exit), offering 177 feet of frontage on Oak Street with direct visibility from 15th Street, a high-traffic corridor in Panama City, FL. Located at a strategic intersection, this site

  Carl Allen Counts Real Estate Group Inc

  230 W 15th St, Panama City, FL 32405
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  /21

  $199,999

  • 1 Bath
  • 525 Sq Ft

  8817 S Thomas Dr Unit A618, Panama City, FL 32408

  Affordable Beachfront Escape with Excellent ROI Discover your slice of paradise with this charming beachfront studio condo, perfectly designed to sleep 4 comfortably and deliver a strong ROI of around $35,000 annually. Located in a low-density, friendly complex, this unit offers a peaceful and relaxing atmosphere that's becoming harder to find. Step outside and you're just steps from the

  Sandi Smith Dalton Wade Inc

  8817 S Thomas Dr Unit A618, Panama City, FL 32408
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  /2

  $150,000

  • 2 Beds
  • 2 Baths
  • 960 Sq Ft

  1103 E 11th St Unit A & B, Panama City, FL 32401

  Grreat investment opportunity, one bedroon duplex, with many upgrades. New windows, new HVAC, and new appliances.. Great location.currently occupied and rented. Currently gross rental income is $1400 a month. current leases are up on 6/15/2026 and 8/15/2026. Duplex has good rental record and is a great investment. contact listing agent for showings. All showings must be setup a minimum of 48

  Jim Davis Anchor Realty Florida

  1103 E 11th St Unit A & B, Panama City, FL 32401
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  /17

  $199,000

  • 1 Bath
  • 448 Sq Ft

  8618 Surf Dr Unit 117, Panama City, FL 32408

  Located just steps from the Gulf, this clean and well-maintained efficiency/studio condo offers an easy coastal retreat in the heart of PCB East. The unit features a smart, functional layout with a Murphy bed to maximize living space and is being sold furnished and rental ready. Already part of the on-site rental program, this property offers flexibility for buyers looking for a private beach

  Tiffani Harnish Counts Real Estate Group Inc

  8618 Surf Dr Unit 117, Panama City, FL 32408
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  /28

  $189,000

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

  2712 Oak Hammock Dr, Panama City, FL 32401

  Price Reduction,Great starter home or rental. Very nice duplex single unit, Very clean and well maintained. Appliances are in very good condition..Nice quiet neighborhood, centrally located. This would be great for first time buyers or for the investor. it has been used as a rental in the past and produced excellent rental results.

  James Murphy RE/MAX SELECT Partners

  2712 Oak Hammock Dr, Panama City, FL 32401
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  /22

  $123,000

  • Land
  • 11,325 Sq Ft
  • $473,077 per Acre

  1010 E 15th St, Panama City, FL 32405

  Commercial Opportunity You Can't Miss! Zoned for commercial or residential use. This .26-acre lot near the MLK Jr. Recreation Center site and historic Glenwood is ready for your vision. Just minutes from Ascension Sacred Heart Bay Hospital and Downtown Panama City, it's perfectly positioned for growth, visibility, and foot traffic. Lots in this prime area are rare—secure it now

  Cory Brown Think Real Estate

  1010 E 15th St, Panama City, FL 32405
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  /37

  $115,000

  • 3 Beds
  • 1.5 Baths
  • 1,521 Sq Ft

  1229 S Katherine Ave, Panama City, FL 32404

  Affordable 3BR/2BA home on its own land in 32404! This 1977 mobile home offers a functional layout with split-bedroom potential, covered carport, and two storage sheds for added utility. The property is livable and ready for occupancy, making it a great option for an owner-occupant or investor seeking affordable housing with land ownership. Some repairs will need to be done. No lot rent. Outdoor

  Patrick Casey Full Sail Realty of NWFL

  1229 S Katherine Ave, Panama City, FL 32404
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  /3

  $190,000 New Construction

  • 2 Beds
  • 2 Baths
  • 933 Sq Ft

  1116 Mercedes Ave Unit B, Panama City, FL 32401

  Step inside this brand-new townhome at 1116 Mercedes Ave in Panama City and enjoy modern living just minutes from the coast. Offering nearly 1,000 square feet of thoughtfully designed space, this home features a bright living and dining area, a contemporary kitchen, two bedrooms, two full bathrooms, and a convenient laundry area. A private driveway provides dedicated parking, and the fresh

  JAMIE KITZMILLER Think Real Estate

  1116 Mercedes Ave Unit B, Panama City, FL 32401

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