Panama City Homes under $250,000

Panama City Homes under $250,000

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Newest Panama City Homes under $250,000

3910 E 9th Street, Panama City
$245,000
3 Beds ⋅ 2 Baths ⋅ 796393 MLS
Property is being sold As Is. 3 bedroom 2 bath room home locate in Southeast Panama City close to Hwy 98. Buyer to verify all pertinent information including square footage and lot dimensions.

3910 E 9th Street, Panama City
6437 Oakshore Drive, Panama City
$225,000
2 Beds ⋅ 3 Baths ⋅ 796311 MLS
Coastal living just minutes from Tyndall Air Force Base. This 2-bedroom, 2.5-bath townhome in Oak Shore Villas offers community beach access on East Bay and a public waterfront park with a boat ramp nearby. The main level features an open floor plan, half bath, attached garage, and private patio. Upstairs, you'll find 2 bedrooms and 2 full bathrooms. The spacious primary bedroom features 3 closets and a private balcony, while Bedroom 2 offers 2 closets and a full bath. The water heater was manufactured in 2020. With generous storage, a well-designed layout, and coastal amenities close by, this townhome is ready for its next owner. Schedule your showing today!

6437 Oakshore Drive, Panama City
6901 N Lagoon Drive Unit 37, Panama City
$215,000
2 Beds ⋅ 2 Baths ⋅ 796291 MLS
Life waterfront on Grand Lagoon is calling. This beautifully renovated, fully furnished, ground-floor condo is stunning. And with your boat never far away at the dock and the white sandy beach just a short drive down the road, this is an incredible second home or primary residence. This 2-bedroom, 2-bath home is truly move-in ready. Freshly renovated and furnishings included, start your mornings on the covered back patio with a cup of coffee before heading out on the water. The galley kitchen is bright and inviting, with white cabinets, stainless appliances and a decorative tiled backsplash. Gather for dinner and settle into the spacious living room after a long day of sun and salt air after being at the pool. Ground-floor living means no hauling beach gear, groceries, or fishing tackle up the stairs! Both bedrooms are generously sized with plenty of closet space, so there's room for guests to settle in comfortably. Both baths have been fully renovated with new tiled showers, new vanities, and new toilets. A full size washer and dryer are also included in the unit making it a great place to stay for long trips. With water views, furnishings included, this condo needs nothing but you! The best part waits just outside your door. Palisades offers a waterfront boat dock and fish cleaning station right on Grand Lagoon. Dock your boat, and you're a short cruise from Shell Island's crystal-clear shallows or the open Gulf for a day of fishing. Come back in with the catch of the day and clean it right on site. If fishing isn't your thing, grab a paddleboard or kayak and explore the calm waters of the lagoon, or head a few minutes to the World's Most Beautiful Beaches. In between adventures, cool off in the community pool, community pool play a match on the community tennis courts. Boat slips are first come, first served and you may leave your boat in the water as long as you'd like. Like to keep your boat in dry storage at Pirates Cove or Treasure Island just down the road? This is perfect to take your boat out of storage and keep it behind your own condo whenever you want! Some of Panama City Beach's most popular restaurants and waterfront hangouts are just minutes away, so sunset dinners and live music are always close by. Whether you're looking for a full-time home, a weekend escape, or a place to make your beach-life dreams come true, Unit 37 has it all. HOA fees include water, sewer, garbage, exterior insurance, community room, dock, pool, tennis, groundskeeping and cable.

6901 N Lagoon Drive Unit 37, Panama City
605 Elm Avenue, Panama City
$160,000
2 Beds ⋅ 1 Baths ⋅ 796246 MLS
Turnkey income-producing opportunity in Panama City's historic Millville neighborhood! Offered at $160,000 with a long-term tenant in place at $1,650 per month, 605 Elm Avenue generates $19,800 in scheduled annual gross rent, representing an impressive approximately 12.4% gross rent yield at the asking price before expenses. For investors looking for immediate income without taking on another major renovation project, this property offers a compelling combination of existing cash flow, substantial improvements already completed, durable construction and long-term location potential. This 2-bedroom, 1-bath concrete-block home has been extensively improved while maintaining a manageable and efficient rental footprint. Updates include a newer roof, windows and flooring, updated plumbing and sewer components, renovated kitchen and bathroom, newer fixtures and lighting, appliances, attic ductwork and gas lines. The home features central air and gas heat, while the updated kitchen offers modern cabinetry, stainless-steel appliances and gas cooking. Wood-plank ceilings, recessed lighting, updated flooring and thoughtful interior finishes give the home character that stands apart from the typical rental property in this price range. The property offers approximately 609 heated square feet and a lot large enough for ones creative mind to run wild. This home currently has mature landscaping, a gravel driveway, side access and a rear patio and yard area. Location is another major component of the investment. Positioned in Millville near Watson Bayou, the property is only a few blocks from Millville Waterfront Park, its public boat ramp, fishing and waterfront recreation, and approximately 5 minutes from Downtown Panama City. Everyday employment and services are equally accessible, with Ascension Sacred Heart Bay approximately 2 miles away, while the 23rd Street employment and retail corridor--including HCA Florida Gulf Coast Hospital and Walmart--is approximately 4-5 miles away, with Target roughly 5 miles away. Tyndall Air Force Base is approximately 8-10 miles to the east, providing access to one of the area's largest employment centers, while the white-sand beaches of Panama City Beach are approximately 12-15 miles away. US-98 provides convenient east-west access throughout Bay County and is right around the corner from this investment opportunity. For investors, the numbers and fundamentals are straightforward: $160,000 asking price, $1,650 monthly rent, $19,800 scheduled annual gross rent and approximately 12.4% gross rent yield before expenses, combined with concrete-block construction, significant improvements already completed and a tenant in place. Whether adding another property to an established rental portfolio or looking for an approachable entry into the Panama City long-term rental market, 605 Elm Avenue offers immediate income today with exposure to the continued growth and redevelopment of the surrounding area.

605 Elm Avenue, Panama City
311 Brooke Court, Panama City
$240,000
3 Beds ⋅ 2 Baths ⋅ 796239 MLS
Welcome home to this charming 3-bedroom, 2-bath home tucked away on a cul-de-sac in Callaway Corners! Enjoy one of the larger yards and driveways in the community plus a NEW 2026 HVAC system with a 10-year warranty. Inside, vaulted ceilings create a bright, open living and dining space. The kitchen features quartz countertops, stainless steel appliances, a pantry, and a stove and dishwasher replaced in 2023. The spacious primary suite offers TWO walk-in closets, double vanity, separate tiled shower, and a corner soaking tub installed in 2023. The partially fenced backyard offers plenty of room to relax, entertain, or play and residents have access to a community playground. Conveniently located just minutes from Tyndall AFB, shopping, and dining. Short-term rentals permitted. Major updates are already done--come see what makes this Callaway Corners home stand out! Short term rentals allowed!! All sizes/info/measurements approx; please verify if important.

311 Brooke Court, Panama City
1219 Navy Boulevard Unit 157, Panama City
$199,000
2 Beds ⋅ 2 Baths ⋅ 796264 MLS
Emerald Pointe Resort offers a relaxed coastal lifestyle in a gated Panama City Beach community where short-term rentals are welcome. Residents enjoy two community pools and grilling area, a peaceful pond with boardwalk, a clubhouse with gathering space and pool table, and an exercise room - all within a beautifully maintained neighborhood. HOA dues conveniently include water, sewer, trash, internet, and grounds keeping, adding to the ease of ownership. This cozy and comfortable 2-bedroom, 2-bath home includes an additional 120 sq ft bonus Florida room, an inside washer/dryer, a metal roof, and a newer AC system, providing both durability and year-round comfort. The primary bedroom features a built-in closet system, dresser, abundant natural light, and an ensuite bathroom with a tub/shower combination. The second bedroom is thoughtfully designed with a built-in queen bed, integrated closet system, drawers, and its own ensuite bathroom with a walk-in shower. A spacious concrete patio with a mature palm tree creates a perfect outdoor retreat. Ideally situated near the clubhouse and centered between both community pools, this property blends comfort, convenience, and resort-style amenities in one inviting package.

1219 Navy Boulevard Unit 157, Panama City
1025 W 19th Street Unit 15A, Panama City
$224,000
3 Beds ⋅ 2 Baths ⋅ 796234 MLS
COMING SOON - NO SHOWINGS. Listing went active too early and can't be reversed. Will update when ready to show. Welcome to this beautifully maintained 3-bedroom, 2-bath end-unit townhome in the desirable Delwood Estates community, conveniently located in the heart of Panama City! This spacious home features split-bedroom floor plan, fresh paint throughout, tile and LVP flooring, large closets, attic storage, tinted windows, LED can lighting, updated outlets & switches, and ceiling fans throughout. The beautiful living area features a non-working fireplace with a mantel and custom shelving, adding character and charm to the space. Step outside to enjoy your large, beautifully landscaped private yard, complete with a partial privacy fence, lush green space, mature oak trees, concrete patio, and an outdoor storage room - a rare bonus for convenient storage and outdoor living. The HOA includes internet, groundskeeping, community pool, tennis courts, pest control, clubhouse access, and community storage/parking. Located right in the middle of Panama City, you're close to shopping, dining, schools, and everyday conveniences-and less than 10 minutes from the World's Most Beautiful Beaches! Seller will contribute towards buyer's closing costs with an acceptable offer!

1025 W 19th Street Unit 15A, Panama City
3701 E 5th Street, Panama City
$140,000
3 Beds ⋅ 2 Baths ⋅ 796157 MLS
Welcome home to this 3-bedroom, 2-bath home that's truly move-in ready. You will walk into a spacious, open layout designed for comfortable living. Fresh, neutral colors throughout create a clean, inviting feel and make it easy to add your personal touch. With thoughtful updates already completed, this home is ready for its new owner to move right in and enjoy. Comfortable, and well-maintained, don't miss this opportunity!

3701 E 5th Street, Panama City
7403 Sweetbriar Road, Panama City
$249,000
4 Beds ⋅ 2 Baths ⋅ 796137 MLS
Welcome to affordable Florida living with the space, updates and outdoor lifestyle you've been searching for. This beautifully updated four-bedroom, two-bath home sits on a full acre and offers a bright, open layout with modern finishes throughout. Inside, you'll find updated flooring, spacious living areas and a beautifully refreshed kitchen featuring ample cabinetry, generous counter space and a large island that makes the perfect gathering spot for everyday living or entertaining. The functional floor plan offers plenty of flexibility for everyday living, guests, a home office or additional living space, while the bedrooms provide comfortable accommodations and a clean, updated feel throughout. Step outside and take full advantage of the Florida lifestyle with your own private pool, perfect for cooling off on hot summer days, hosting friends and family or simply relaxing in your own backyard retreat. The expansive deck offers plenty of space for grilling, outdoor dining and lounging, while the full-acre homesite provides room to spread out and enjoy a little extra privacy. With four bedrooms, two full baths, modern updates, a private pool, spacious deck and one acre of land, this home delivers a hard-to-find combination of space, comfort and Florida charm at an approachable price point. Some photos may be AI-enhanced.

7403 Sweetbriar Road, Panama City
315 Gabrielle Lane, Panama City
$239,000
3 Beds ⋅ 2 Baths ⋅ 796105 MLS
Fantastic opportunity to own this Charming Cottage-Style 3 bedroom, 2 bath home in desirable Callaway Corners. Enjoy relaxing on the spacious front porch overlooking a neighborhood of well-kept homes. The updated kitchen features stainless steel appliances, granite countertops, attractive cabinetry, and a cozy dining nook. An open layout with cathedral ceilings, vinyl plank flooring, and recessed lighting creates a bright, welcoming atmosphere. Neutral paint colors and abundant natural light add to the home's appeal. Conveniently located near Tyndall AFB, shopping, dining, and a short drive to Bay County's beautiful beaches. This one is truly a must-see -- call today to schedule your private viewing!

315 Gabrielle Lane, Panama City
1219 Thomas Drive Unit 95, Panama City
$149,000
2 Beds ⋅ 2 Baths ⋅ 796096 MLS
Discover an incredible equity-building opportunity with this spacious 1,100 square-foot home located in the desirable Emerald Pointe Resort, situated directly on the beach across from the Navy Base. Offering significantly more square footage than smaller units priced much higher, this property is a true handyman special priced well below neighborhood comps that start at $225,000. Following a minor dryer incident that resulted in smoke damage, the seller has already completed the heavy lifting; a licensed electrician has verified that the dryer wiring and electrical connections are entirely sound, and the plumbing remains completely undamaged. The home is now ready for your final cosmetic touches and personal style to bring it to its full potential. Best of all, you own the land with zero lot rental fees, complemented by a reasonable HOA fee of $2,600 per year and a prime location just steps from the community pool and front gate.

1219 Thomas Drive Unit 95, Panama City
206 S Gay Avenue, Panama City
$170,000
3 Beds ⋅ 2 Baths ⋅ 796040 MLS
Under Contract Taking back up POOL HOME! Bring your vision to this 3-bedroom, 2-bath BRICK home offering an exciting opportunity for investors, flippers, or buyers looking to create a home of their own. This handyman special/fixer-upper has a solid foundation of features and plenty of room to add value with some TLC and updates, close to Tyndall AFB. The home offers a one-car garage, functional layout, and a 2022 roof, providing an important recent improvement. Step outside to discover a fenced backyard with an in-ground pool and storage shed, creating the potential for an incredible outdoor living and entertaining space once refreshed. Whether you're looking for your next renovation project, investment property, or an opportunity to transform a home into something truly your own, this property is ready for its next chapter. So many possibilities--bring your imagination and make this one shine! All sizes, info, measurements approx; please verify if important.

206 S Gay Avenue, Panama City
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