38

Panama City, FL Homes for Sale under $2,000,000

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  • /59

    $1,850,000

    $50K PRICE DROP
    • 6 Beds
    • 4 Baths
    • 2,717 Sq Ft

    4116 Ocean St, Panama City, FL 32408

    ***2025 RENTAL INCOME: $175,000***2026 BOOKINGS AT $172,000 YTD AND ON TRACK FOR $185,000 This beach house has it ALL! Sleeping up to 24 people across 6 bedrooms and 2 sleeper sofas, this is the perfect memory-making personal vacation home, generously-sized private beach residence, or lucrative short term rental investment. Whether you are accommodating multiple generations vacationing

    Agent Photo

    January Johnson

    EXP Realty LLC

    4116 Ocean St, Panama City, FL 32408
  • /146

    $1,599,999

    $240K PRICE DROP
    • 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

    Agent Photo

    Kerry Jackson

    LPT Realty LLC

    5012 Gulf Dr Unit 1-4, Panama City, FL 32408
  • /52

    $1,595,000

    $31K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 2,300 Sq Ft

    4421 Thomas Dr Unit 101, Panama City, FL 32408

    Welcome to St. Andrew's Park Place. the best of coastal waterfront living in Panama City Beach. This unit is located on the first floor and has fabulous views of the Gulf, as well as St. Andrew's State Park. This property is located on the East end of PCB where you experience the quiet beauty of the State Park . With the residence being located on the ground floor, you have easy access from the

    Terra Sasser Coldwell Banker Realty

    4421 Thomas Dr Unit 101, Panama City, FL 32408
  • /57

    $1,899,000

    $100K PRICE INCREASE
    • 3 Beds
    • 2 Baths
    • 1,296 Sq Ft

    5903 Gulf Dr, Panama City, FL 32408

    Gulf Front | Rare Deeded Land to the Water's Edge | No HOA! Welcome to The Palapa House, a Gulf-front residence positioned directly on the sugar-white sands of the Gulf of America, with deeded ownership extending to the water's edge. Fewer than 7% of Gulf-front parcels in Panama City Beach offer this level of private beachfront ownership, making opportunities like this exceptionally rare.

    Jacquelyn Gore simpliHOM

    5903 Gulf Dr, Panama City, FL 32408
  • /43

    $2,000,000

    New Construction
    • 8 Beds
    • 10 Baths
    • 5,000 Sq Ft

    6806 Thomas Dr, Panama City, FL 32408

    Brand-new construction duplex, perfectly positioned just a 3-minute stroll from the beach with no HOA! Designed for elevated living and exceptional rental performance, each townhome offers approximately 2,500 square feet of thoughtfully curated living space, featuring 4 spacious bedrooms, a bonus living area, and 4.5 designer bathrooms. Every detail has been carefully selected, from the premium

    kelli lazidis RE Florida Homes

    6806 Thomas Dr, Panama City, FL 32408
  • /57

    $1,650,000

    • 6 Beds
    • 4 Baths
    • 2,760 Sq Ft

    6716 Gulf Dr, Panama City, FL 32408

    Prime Gulf-View Coastal RetreatPerfect vacation rental, second home, or permanent residence, directly across from private Beach Access #13 in an exclusive neighborhood blending year-round residents, luxury retreats, and elite rentals. This 6BR/4BA block home with HardieBoard siding spans 2,700+ sq ft, sleeps 18 comfortably, and delivers turnkey rental income. Open-Concept Luxury

    Joan Altenpohl Coastal Real Estate Group, Inc

    6716 Gulf Dr, Panama City, FL 32408
  • /13

    $1,750,000

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

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

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

    Kelly Stiles EXP Realty LLC

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

    $2,000,000

    • Land
    • 1.68 Acres
    • $1,190,476 per Acre

    4423 W Highway 98, Panama City, FL 32401

    Pristine property located on beautiful St. Andrew's Bay in Panama City, FL. This property features 132 feet on St. Andrew Bay with a total of 1.67 acres. It is +/-1/2 mile east of the Hathaway Bridge, close to Port Panama City, Gulf Coast State College, Florida State University Panama City Campus, and Panama City Beach. In addition to St. Andrew's Bay, the property overlooks St. Andrew Bay, the

    Chris McCall Counts Real Estate Group Inc

    4423 W Highway 98, Panama City, FL 32401
  • /13

    $1,500,000

    • Land
    • 3.4 Acres
    • $441,176 per Acre

    2822 Martin Luther King Jr Blvd Ave, Panama City, FL 32405

    Prime 3.4-acre development site boasting 220 feet of frontage on Highway 77, a major four-lane highway carrying approximately 30,000 vehicles per day (per FDOT traffic count data). This shovel-ready parcel offers rare dual access: a median-cut entry directly off Highway 77 for maximum visibility and customer convenience, plus secondary rear access from N MacArthur Ave for deliveries, overflow

    Zack Sanchez Think Real Estate

    2822 Martin Luther King Jr Blvd Ave, Panama City, FL 32405
  • /20

    $1,800,000

    New Construction
    • 5 Beds
    • 4.5 Baths
    • 3,145 Sq Ft

    27 Redbud Ln, Panama City, FL 32461

    This exceptional new construction opportunity in Treetop Village, Inlet Beach offers refined coastal living with the added benefit of personalization. The plans are completed and signed by an engineer, approved by the HOA and the Walton County Development Department. Pulling the permit takes about one week from the Building Department which saves 5-6 months in a typical permitting process. Set on

    Mary Richards Compass

    27 Redbud Ln, Panama City, FL 32461
  • /2

    $1,750,000

    • Land
    • 7.62 Acres
    • $229,659 per Acre

    9232 Angie Rd, Panama City, FL 32404

    Hard to find large tract, with excellent elevations, on Hwy 231. Parcel is Zoned C-3 General Commercial, with 'Multi-Family 10 or Less' land usage designation. Water and sewer must be brought to property to develop density capacity. With multiple access to Hwy 231 and median cut in place at Hudson Rd, this will be a perfect location for a mid sized residential community.

    Brian Hinton ERA Neubauer Real Estate, Inc

    9232 Angie Rd, Panama City, FL 32404
  • /15

    $1,750,000

    • Land
    • 11,761 Sq Ft
    • $6,481,481 per Acre

    5947 Gulf Dr, Panama City, FL 32408

    Welcome to a prominent beachfront lot in the exclusive community of Hadley's Beach! Boasting 50ft of Gulf-Frontage, this future homesite enjoys panoramic Gulf views and private beach access. Residing in a low-density community of only 16 beachfront homesites and 10 first tier homesites, Lot 6 is sure to offer one of the most spectacular settings on the Emerald Coast. The community comes equipped

    The Dixon Team 30A Homes Sales

    5947 Gulf Dr, Panama City, FL 32408
  • /68

    $1,875,000

    New Construction $75K PRICE DROP
    • 10 Beds
    • 10 Baths
    • 4,690 Sq Ft

    5231 Thomas Dr, Panama City, FL 32408

    NO RENTAL RESTRICTIONS!!!This limited collection of vacation homes offers an exceptional opportunity to own in one of the area's most sought-after locations -- literally across the street from the sugar-white sands and shimmering Gulf waters.This home showcases spacious, open-concept designs with 4 bedrooms, 4.5 baths, and a bunk room. Enjoy high-end finishes, stylish coastal

    Whitney Moore TH Coastal Realty

    5231 Thomas Dr, Panama City, FL 32408
  • /45

    $1,625,000

    • 3 Beds
    • 3 Baths
    • 2,300 Sq Ft

    4421 Thomas Dr Unit 202, Panama City, FL 32408

    St. Andrews Park Place - Experience exceptional coastal living in this highly sought-after private residence ideally located on the quiet east end of Panama City Beach. Situated adjacent to St. Andrews State Park, one of Florida's premier natural preserves, this condominium enjoys a setting known for pristine beaches, emerald waters, abundant wildlife, and some of the area's best outdoor

    Katie Patronis CENTURY 21 Ryan Realty Inc

    4421 Thomas Dr Unit 202, Panama City, FL 32408
  • /24

    $1,991,100

    New Construction
    • 4 Beds
    • 3 Baths
    • 4,500 Sq Ft

    3030 W 27th Ct, Panama City, FL 32405

    To be built the Solera, with AR Homes, a thoughtfully designed luxury residence offering over 4,300 square feet of refined living space, perfectly suited for a premier waterfront homesite. This two-story plan features 4 bedrooms, 4 full baths, a powder room, and a 3-car garage, blending elegant architecture with modern functionality. The main level is designed for both everyday living and

    Zack Sanchez Think Real Estate

    3030 W 27th Ct, Panama City, FL 32405
  • /10

    $1,550,000

    $200K PRICE DROP
    • Land
    • 25,700 Sq Ft
    • $2,627,119 per Acre

    LOT 151 N Southern Cross Ln, Panama City, FL 32461

    One of the largest available homesites in WaterSound Camp Creek at approximately 0.6 acres, offering a rare opportunity to build a custom estate in one of 30A's premier gated communities. Conceptual plans and renderings available, with the homesite capable of accommodating a residence up to approximately 14,000 SF with expansive indoor/outdoor living potential. The south side setback has been

    The Simpson Group Christies International Real Estate Emerald Coast

    LOT 151 N Southern Cross Ln, Panama City, FL 32461
  • /76

    $1,700,000

    New Construction
    • 10 Beds
    • 8 Baths
    • 4,856 Sq Ft

    401 & 405 Massalina Dr, Panama City, FL 32401

    ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! Zoned for short term and long term rental.Waterfront on Massalina Bayou! Main House: Amazing 3-bedroom 2-bath with den/office *new construction*. Gorgeous views from covered porches on both floors. First floor has open kitchen with Forno Italian stainless appliances, large Island, gas stove, double door refrigerator

    Mike Herring Keller Williams Realty Emerald

    401 & 405 Massalina Dr, Panama City, FL 32401
  • /15

    $1,750,000

    • Land
    • 3.9 Acres
    • $448,718 per Acre

    1117 S Tyndall Pkwy, Panama City, FL 32404

    outstanding parcel in a rapidly growing corridor. The parcel offered is 4 acres, however seller can also add 3 acres of adjoining additional uplands to the east.Bay County Parcel ID: 07202-010-000 and 07208-000-000; located in City of Callaway; The site is located directly on South Tyndall Parkway 400 feet frontage, reserving a 50' access easement in the NW corner. The Avg Daily Traffic Count

    Brian Hinton ERA Neubauer Real Estate, Inc

    1117 S Tyndall Pkwy, Panama City, FL 32404
  • /23

    $1,575,000

    • 8,385 Sq Ft

    5333 Cherry St, Panama City, FL 32404

    Introducing an exceptional investment opportunity featuring a newly constructed 5-plex built in 2025, offering modern design, strong income potential, and low-maintenance ownership. Even better, the entire development is fully occupied with long-term tenants already in place, providing immediate income and a true turnkey investment opportunity from day one. Each spacious unit features 3 bedrooms,

    Michael Tomlin Coldwell Banker Realty

    5333 Cherry St, Panama City, FL 32404
  • /23

    $1,825,000

    • 5 Beds
    • 5 Baths
    • 3,076 Sq Ft

    8011 Surf Dr Unit A, Panama City, FL 32408

    On the Emerald Coast, gulf-front properties with documented short-term rental income north of $167,000 a year don't need an introduction. They need a showing.This is 8011 Surf Drive, Unit A. Panama City Beach, FL. And it performs.Sitting on the quiet east end of PCB -- away from the congestion of Pier Park but still close to everything that matters -- Surf Drive is the kind of

    Kevin Dehlinger LPT Realty LLC

    8011 Surf Dr Unit A, Panama City, FL 32408
  • /14

    $1,500,000

    • 9,120 Sq Ft

    810 E 25th St, Panama City, FL 32405

    Turnkey Multi-Family Investment Opportunity - 8 Units in the Heart of Panama City Exceptional opportunity to own four duplexes consisting of eight total units, each featuring 2 bedrooms and 2 bathrooms, ideally located in central Panama City with convenient access to shopping, dining, schools, medical facilities, and major roadways. Following Hurricane Michael, these properties were taken down to

    Jarah Chesnut Chesnut Realty, Inc

    810 E 25th St, Panama City, FL 32405
  • /112

    $1,730,000

    New Construction $65K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 2,174 Sq Ft

    4109 Choctaw St, Panama City, FL 32408

    HEATED POOL- STEPS TO BEACHLast years rental income in the high $90 and this year is on its way to over $100KIdeal as a beach rental or second home, this stunning property offers the perfect blend of comfort and coastal charm. Located just moments from beach access, it features a private fenced-in pool and two owner's suites for ultimate convenience.Upstairs, the primary

    Beth Jones Blue Swell Realty

    4109 Choctaw St, Panama City, FL 32408
  • /29

    $1,550,000

    $350K PRICE DROP
    • Land
    • 90 Acres
    • $17,222 per Acre

    0 - TBD, Panama City, FL 32404

    Welcome to Phase Two of Laird Point, a rare 90± acre waterfront development opportunity in Panama City, FL. This gated community includes 38 platted lots with paved roads and city water and sewer already in place, headlined by substantial undeveloped acreage with Conceptual Site Plans illustrating future development potential of up to 148 total lots, including 30 waterfront lots. The roads,

    Connor Meyette CENTURY 21 Commander Realty

    0 - TBD, Panama City, FL 32404
  • /51

    $1,575,000

    $100K PRICE DROP
    • 4 Beds
    • 4 Baths
    • 2,706 Sq Ft

    5620 S Lagoon Dr, Panama City, FL 32408

    The Nicest Home in Bay County! This completely remodeled, fully furnished, move-in ready Grand Lagoon home offers the ultimate waterfront lifestyle. It features all-new flooring, paint, and a new beamed ceiling on the main level. All new fixtures throughout. New kitchen counters, and backsplash. For enhanced durability and energy efficiency, the home boasts all new hurricane windows and glass

    Matthew Jones Coastal Heritage Real Estate LLC

    5620 S Lagoon Dr, Panama City, FL 32408
  • /84

    $1,895,000

    • 4 Beds
    • 4.5 Baths
    • 4,125 Sq Ft

    6701 Yacht Club Dr, Panama City, FL 32404

    LANDMAXXING at its finest! Welcome to 34 Palms -- A One-of-a-kind Waterfront Oasis Redefining Luxury Coastal Living. Experience the pinnacle of Florida waterfront living at 6701 Yacht Club Drive, a remarkable 0.83-acre peninsula estate with 360 panoramic bay views and endless adventure come together. Perfectly positioned with water on all sides, this 4-bedroom, 5-bath, 4,125-square-foot home

    Steven Buckalew Christies International Real Estate Emerald Coast

    6701 Yacht Club Dr, Panama City, FL 32404
  • /16

    $1,635,200

    $49K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 3,175 Sq Ft

    000 Plantation Dr, Panama City, FL 32404

    Home to be built. Open and comfortable, casual yet elegant, The Bella Vista, an AR Homes floor plan is designed to make everyone feel like a member of the family. The kitchen is at the heart of it all with island seating, a walk-in pantry, and sight lines to the great room, dining room, and glass-door-walled outdoor spaces. Owner's suit, Two bedrooms and a large bonus room line the length of the

    Natalie Shanina Legacy Premier Agency

    000 Plantation Dr, Panama City, FL 32404
  • /2

    $1,500,000

    • Land
    • 3.25 Acres
    • $461,538 per Acre

    5835 N Highway 231, Panama City, FL 32404

    3.25 ACRE SUPER SITE AT HIGHWAY 231 AND STAR AVENUE WITH 194 FEET ON HIGHWAY 231. THE SITE HAS BEEN CLEARED AND FILLED, READY FOR DEVELOPMENT! A median cut and traffic light provide direct access to this HIGH TRAFFIC-HIGH VISIBILITY SITE from Highway 231 and Star Avenue. The traffic count on Highway 231 is 28,000 (FDOT - 2019) and 9,000 on Star Avenue (FDOT - 2019). Also providing traffic to the

    Jim Everitt Counts Real Estate Group

    5835 N Highway 231, Panama City, FL 32404
  • /15

    $2,000,000

    $200K PRICE INCREASE
    • Land
    • 1.68 Acres
    • $1,190,476 per Acre

    4423 W Highway 98, P C Beach, FL 32401

    Pristine property located on beautiful St. Andrew's Bay in Panama City, FL. This property features 132 feet on St. Andrew Bay with a total of 1.67 acres. It is +/-1/2 mile east of the Hathaway Bridge, close to Port Panama City, Gulf Coast State College, Florida State University Panama City Campus, and Panama City Beach. In addition to St. Andrew's Bay, the property overlooks St. Andrew Bay, the

    Chris McCall Counts Real Estate Group Inc

    4423 W Highway 98, P C Beach, FL 32401
  • /88

    $1,749,000

    $26K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 3,318 Sq Ft

    1522 Trout Ln, Panama City, FL 32408

    Welcome to the coastal life! Come experience some of the best waterfront views in all of Bay Point! Situated on a premier waterfront homesite with approximately 149 feet on one of the widest sections of the canal, this beautiful property offers panoramic water views. This is the perfect setting for the ultimate coastal lifestyle, where you can keep your boat at your backdoor and be ready to go

    Michele Morros Keller Williams Success Realty

    1522 Trout Ln, Panama City, FL 32408
  • /45

    $1,825,000

    • Land
    • 4.5 Acres
    • $405,556 per Acre

    2515 E 15th St, Panama City, FL 32405

    4.5+/- acres available. This listing is for two parcels- 14605-000-000 and 14606-000-000. Zoned C3-A which is very flexible zoning and provides opportunity for investment and financial gain. C3-A Zoning encompasses all the uses of C1 and C2 which include (but are not limited to): Retail, Transportation, Warehouses, even Waste Management (the only type of warehousing not allowed is refrigeration

    Mike Herring Keller Williams Realty SRB

    2515 E 15th St, Panama City, FL 32405
  • /20

    $1,500,000

    • Land
    • 36,154 Sq Ft
    • $1,807,229 per Acre

    3536 Preserve Blvd, Panama City, FL 32408

    Welcome to 3536 Preserve Boulevard, an exceptional waterfront homesite tucked inside the exclusive gated community of The Preserve in Panama City Beach. Offering an impressive 100 feet of waterfront frontage, this rare lot provides the perfect canvas to design and build your custom dream home while enjoying breathtaking water views and the peaceful privacy this premier neighborhood is known

    Zack Sanchez Think Real Estate

    3536 Preserve Blvd, Panama City, FL 32408
  • /22

    $1,600,000

    $150K PRICE DROP
    • 13,768 Sq Ft

    114 S Highway 22 A Unit 114 (1-8) & 118 (1-6, Panama City, FL 32404

    SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on

    Charlie Haas Counts Real Estate Group

    114 S Highway 22 A Unit 114 (1-8) & 118 (1-6, Panama City, FL 32404
  • /20

    $1,650,000

    New Construction $100K PRICE INCREASE
    • 4 Beds
    • 3.5 Baths
    • 2,884 Sq Ft

    7860 Grand Lagoon Way, Panama City, FL 32408

    LAGOON LIVING now UNDER CONSTRUCTION. Home will have boat slip on community dock. The new homesites in the gated Grand Lagoon Pointe will offer waterfront and interior sites. Less than one mile to Rick Seltzer Park. All homes will have access to the community pool and green space. Drink your coffee on the covered patio while watching the dolphins play. This home is available for pre-sale, design

    Charles Commander Jr. CENTURY 21 Commander Realty

    7860 Grand Lagoon Way, Panama City, FL 32408
  • /24

    $1,850,000

    $350K PRICE DROP
    • Land
    • 1.36 Acres
    • $1,360,294 per Acre

    1524 E 5th Business 98 St, Panama City, FL 32401

    Great Location off Business Highway 98 with road and water frontage. This Commercial Waterfront parcel Zoned GC-2 fronts Watson Bayou and sits next to the exclusive Watson Landings Marina for your boating needs. New 14 wet slips and custom lifts recently added with power and water to each slip. Hydraulic lifts on slips. More slips can be added going through the proper channels. Can accommodate

    Marco Cooper Coastal Sun Realty LLC

    1524 E 5th Business 98 St, Panama City, FL 32401
  • /3

    $1,500,000

    • Land
    • 13 Acres
    • $115,385 per Acre

    1023 N Tyndall Pkwy, Panama City, FL 32404

    This listing is for Site 5 only. 13+/- acres located at the southwest corner of Tyndall Parkway and 11th Street in Springfield. This site would make a great residential development including SF, MF, and townhomes as well as a plethora of possible commercial uses. Zoned General Commercial in the City of Springfield.

    Charlie Haas Counts Real Estate Group

    1023 N Tyndall Pkwy, Panama City, FL 32404
  • /2

    $1,799,000

    • Land
    • 1.5 Acres
    • $1,199,333 per Acre

    3340 W Highway 390, Panama City, FL 32405

    Zoned C2, this property is located near the rapidly expanding ''Sweet Bay'' development featuring a Publix shopping center and Starbucks. This versatile property is a blank canvas for your vision, whether you're considering development or simply investing in land. The land is ready for you to explore its possibilities, making it an exciting opportunity for those looking to expand or start new

    Steven Koleno Beycome of Florida LLC

    3340 W Highway 390, Panama City, FL 32405
  • /3

    $1,600,000

    • Land
    • 2.07 Acres
    • $772,947 per Acre

    519-531 E 6th St, Panama City, FL 32401

    Presenting a unique investment opportunity, this vacant land zoned NG is strategically located in the bustling Panama City area. The expansive space offers endless potential for development, making it an ideal choice for astute investors seeking to capitalize on the area's growth and development. With its prime location and zoning, the property stands as a compelling option for those looking to

    Anna Branch Five Bridges Real Estate Services Co. LLC

    519-531 E 6th St, Panama City, FL 32401
  • /9

    $1,500,000

    • Land
    • 93 Acres
    • $16,129 per Acre

    0 Hwy 231 Unit 785492, Panama City, FL 32404

    Opportunities like this don't come around often. This expansive ±93-acre tract offers a rare chance to secure a large footprint along a well-traveled corridor with substantial frontage and outstanding visibility. With the majority of the property currently zoned for commercial use, the groundwork is in place for a wide range of potential development concepts, investment strategies, or long-term

    Bill Shields Think Real Estate

    0 Hwy 231 Unit 785492, Panama City, FL 32404

Home Price Trends

Median Sale Price
$316,775
Median Single Family Sale Price
$325,245
Median Townhouse Sale Price
$267,450
Median 2 Bedroom Sale Price
$309,000
Median 1 Bedroom Sale Price
$294,900
Average Price Per Sq Ft
$244
Number of Homes for Sale
1,219
Last 12 months Home Sales
2,559
Months of Supply
5.70
Median List Price
$340,480
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-4%
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