Panama City Homes under $300,000

Panama City Homes under $300,000

Welcome to Panama City, Florida—a vibrant coastal gem nestled in Bay County, known for its stunning beaches, rich history, and welcoming community. With its picturesque waterfront views and an abundance of outdoor activities, Panama City is the perfect place for families, retirees, and anyone looking to embrace the Florida lifestyle.

One of the most appealing aspects of Panama City is its diverse real estate market, particularly for those seeking homes under $300,000. This price range offers a fantastic opportunity for first-time homebuyers, investors, or anyone looking to downsize without compromising on quality of life. From charming single-family homes to cozy townhouses, there is something for everyone in this price bracket. Many properties boast modern amenities, spacious yards, and proximity to local attractions, ensuring that you can enjoy both comfort and convenience.

The community in Panama City is as warm as its sunny weather. Residents often gather for local events, farmers' markets, and festivals, fostering a strong sense of belonging. Plus, with stunning natural parks, beautiful beaches, and a variety of recreational activities, there’s no shortage of ways to enjoy the great outdoors.

If you’re considering making Panama City your home, you’ll discover that it’s not just about finding a house; it’s about embracing a lifestyle filled with adventure, community, and the beauty of Florida’s coastline. Explore the possibilities today and find your perfect home in this charming city, where coastal living meets affordability!

Newest Panama City Homes under $300,000

no property photo
$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
3865 Wall Street Unit HS 127, Panama City
$260,990
3 Beds ⋅ 2 Baths ⋅ 796377 MLS
Welcome to Magnolia Ridge, a desirable new home community in Panama City offering thoughtfully designed homes with modern finishes, functional layouts, and exceptional value. The Mays floor plan features a smart single-story design that blends comfort, style, and everyday functionality. Spacious secondary bedrooms are located near the front of the home, providing privacy and flexibility for family, guests, or a home office. At the heart of the home, the open-concept kitchen, dining area, and family room flow seamlessly together, creating a bright and inviting space for entertaining and everyday living. The well-appointed kitchen features quartz countertops, stainless steel appliances, 42-inch cabinetry, and ample workspace. Privately situated at the rear, the owner's suite offers a relaxing retreat with a generous walk-in closet and a beautifully appointed en-suite bath. This home is currently under construction. Photos, floor plans, and renderings are for illustrative purposes only; actual colors, finishes, features, options, and layout may vary. Schedule your private tour of the Mays at Magnolia Ridge today and ask about current builder incentives! Information is deemed reliable but not guaranteed. Buyer or buyer's agent should verify all information. Pricing, specifications, features, and availability are subject to change without notice.

3865 Wall Street Unit HS 127, Panama City
406 Raven Lane, Panama City
$260,000
3 Beds ⋅ 3 Baths ⋅ 796345 MLS
Welcome to 406 Raven Lane, a newer construction 3-bedroom, 2.5-bathroom home in Panama City, Bay County, Florida. Tall ceilings and an open-concept layout make the living, dining, and kitchen areas feel bright and spacious, and durable LVP flooring runs throughout the living spaces. The kitchen features all stainless steel appliances and flows right into the main living area, making it easy to cook, entertain, and stay connected. Outside, the yard is spacious enough for dogs or play but small enough that mowing and upkeep stay easy. The metal roof adds long-term durability. An attached 1-car garage adds space for parking and storage. Conveniently located near shopping, dining, Tyndall Air Force Base, and Panama City beaches, this newer construction home is competitively priced. Schedule your private showing today!

406 Raven Lane, 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
1215 Babby Lane, Panama City
$289,000
3 Beds ⋅ 2 Baths ⋅ 796299 MLS
Great location just minutes from Tyndall Air Force Base! This well-maintained 3-bedroom, 2-bath home sits in a quiet, established neighborhood and features a bright bonus family room with flexible space for entertaining, a home office, gym, or playroom. The roof and HVAC were replaced in 2019. Conveniently located near parks, boat ramps, shopping, schools, beaches, and all that Bay County has to offer. A great opportunity for a primary residence, retirement home, or investment property.

1215 Babby Lane, Panama City
7331 John Levitow Lane, Panama City
$254,900
4 Beds ⋅ 2 Baths ⋅ 796294 MLS
Welcome to the Sutton Plan, one of our new plans at Liberty in Panama City, Florida. The Sutton is a spacious single-story home with 1,439 square feet of comfortable living. This beautiful home offers 4 bedrooms with 2 bathrooms, and a 1-car garage. As you enter the home, the foyer welcomes you with beautiful EVP flooring which spans throughout the home in the main areas and bathrooms. Right by the front door are the 3 guest bedrooms, a full bathroom, and down the hallway is the laundry room and storage area leading into the kitchen and living room. Each bedroom boasts plenty of space and sizeable closets for organization with soft carpet flooring. The kitchen is equipped with beautiful granite countertops, stainless steel appliances, and beautiful white cabinetry. The pantry is located next to the laundry room across from the linen and coat closets. Natural light illuminates this main area for your family and friends to enjoy. The back yard features a back patio located by the primary bedroom and the dining area. The spacious primary bedroom features its own bathroom complete with granite countertops, a large walk-in closet, and a relaxing shower. Both bathrooms feature beautiful granite countertops and white cabinetry. In addition to all the features and amenities our Sutton plan offers, each is built with our Smart Home technology package, designed to bring the ease and convenience of life right to your fingertips. On the outside of this popular plan, you will see durable vinyl siding, a rear patio to enjoy the spacious back yard. Sidewalks line the neighborhood streets for you to enjoy the beautiful Florida weather. Our Liberty community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Liberty can enjoy exclusive access to two amenity centers, complete with two pools, a children's splash pad, two playgrounds for endless fun, a well-equipped fitness center, two pickleball courts and a basketball court to name a few things. To learn more about this home for yourself, call us to get connected today!

7331 John Levitow Lane, Panama City
7324 John Levitow Lane, Panama City
$264,900
4 Beds ⋅ 2 Baths ⋅ 796290 MLS
Welcome to the Bowen, a new floor plan located at Liberty in Panama City, Florida. The Bowen is a spacious single-story home floor plan just over 1,500 square feet with 4-bedrooms with 2-bathrooms, and a 1-car garage. Upon entering the front door, you will immediately notice the 9' raised ceilings met with an inviting foyer and hall leading to the second and third bedrooms; with a full bathroom tucked in between. Also, upon entering the home you will have immediate access to the single-car garage, storage, and your laundry room. Just beyond the garage is your fourth bedroom that could also serve as an office. Each bedroom offers plenty of space and sizeable closets for organization. As you continue to the end of the hall, you will find the remarkable open layout of the dining and living area meeting a beautiful kitchen. The kitchen includes granite countertops, stainless steel appliances, beautiful white cabinetry, and a peninsula perfect for serving guests and for additional seating. With natural light and nearby back door and patio access, the living and dining area are integrated perfectly to complete this space for you and your guests to enjoy. This plan offers easy maintenance in the main living area and all bathrooms with our engineered vinyl plank flooring. The primary bedroom is tucked away off the living area. The elegant sunlight beaming in, this suite offers a serene retreat with close access to the patio from the living area. The primary bathroom features granite countertops and a large walk-in closet. In addition to all the features and amenities our Bowen Plan offers, each is built with our Smart Home technology package, designed to bring the ease and convenience of life right to your fingertips. On the outside of this popular plan, you will see durable vinyl siding, a rear patio to enjoy the spacious back yard. Sidewalks line the neighborhood streets for you to enjoy the beautiful Florida weather. Our Liberty community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Liberty can enjoy exclusive access to two amenity centers, complete with two pools, a children's splash pad, two playgrounds for endless fun, a well-equipped fitness center, two pickleball courts and a basketball court to name a few things. To learn more about this home for yourself, call us to get connected today!

7324 John Levitow Lane, Panama City
7327 John Levitow Lane, Panama City
$264,900
4 Beds ⋅ 2 Baths ⋅ 796292 MLS
CORNER LOT! Welcome to the Bowen, a new floor plan located at Liberty in Panama City, Florida. The Bowen is a spacious single-story home floor plan just over 1,500 square feet with 4-bedrooms with 2-bathrooms, and a 1-car garage. Upon entering the front door, you will immediately notice the 9' raised ceilings met with an inviting foyer and hall leading to the second and third bedrooms; with a full bathroom tucked in between. Also, upon entering the home you will have immediate access to the single-car garage, storage, and your laundry room. Just beyond the garage is your fourth bedroom that could also serve as an office. Each bedroom offers plenty of space and sizeable closets for organization. As you continue to the end of the hall, you will find the remarkable open layout of the dining and living area meeting a beautiful kitchen. The kitchen includes granite countertops, stainless steel appliances, beautiful white cabinetry, and a peninsula perfect for serving guests and for additional seating. With natural light and nearby back door and patio access, the living and dining area are integrated perfectly to complete this space for you and your guests to enjoy. This plan offers easy maintenance in the main living area and all bathrooms with our engineered vinyl plank flooring. The primary bedroom is tucked away off the living area. The elegant sunlight beaming in, this suite offers a serene retreat with close access to the patio from the living area. The primary bathroom features granite countertops and a large walk-in closet. In addition to all the features and amenities our Bowen Plan offers, each is built with our Smart Home technology package, designed to bring the ease and convenience of life right to your fingertips. On the outside of this popular plan, you will see durable vinyl siding, a rear patio to enjoy the spacious back yard. Sidewalks line the neighborhood streets for you to enjoy the beautiful Florida weather. Our Liberty community features underground utilities making it less susceptible to damage from severe weather leading to fewer outages and more reliable service. Residents of Liberty can enjoy exclusive access to two amenity centers, complete with two pools, a children's splash pad, two playgrounds for endless fun, a well-equipped fitness center, two pickleball courts and a basketball court to name a few things. To learn more about this home for yourself, call us to get connected today!

7327 John Levitow Lane, 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
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