Panama City Homes under $400,000

Panama City Homes under $400,000

Welcome to Panama City, Florida, a vibrant coastal gem nestled in Bay County, renowned for its stunning beaches and inviting community atmosphere. With its picturesque waterfront views, lush parks, and a rich history, Panama City offers a unique blend of small-town charm and modern conveniences. The city is a haven for outdoor enthusiasts, boasting miles of beautiful sandy shores along the Gulf of Mexico, perfect for swimming, fishing, or simply soaking up the sun.

For those seeking an affordable slice of paradise, Panama City has an array of homes priced under $400,000, making it an ideal destination for first-time buyers, families, or retirees looking to downsize. These properties showcase a variety of styles, from charming bungalows to contemporary townhouses, each offering the perfect backdrop for your next chapter. With the local real estate market thriving, you’ll find well-maintained homes in friendly neighborhoods, often just a short drive from the beach.

Living in Panama City means enjoying a relaxed lifestyle without sacrificing access to amenities. Residents can explore local shops, indulge in delicious seafood at waterfront restaurants, or partake in community events throughout the year. With top-rated schools and a growing economy, this city is not just a place to live; it's a place to thrive.

Discover your dream home in Panama City, where the sun shines bright, and the community feels like family. Embrace the opportunity to own a piece of this coastal paradise without breaking the bank!

Newest Panama City Homes under $400,000

124 Cheri Lane, Panama City
$95,000
2 Beds ⋅ 2 Baths ⋅ 796427 MLS
This 2-bedroom, 1.5-bath townhome offers an excellent opportunity for homeowners and investors alike. The two-story layout features a spacious living area with tile flooring, a functional kitchen, convenient laundry room, and bedrooms with wood-look flooring. The property also features a metal roof and a covered front entry. Conveniently located in Parker, with easy access to shopping, dining, schools, and Tyndall Air Force Base. This townhome is in need of some TLC and cosmetic improvements, offering buyers the opportunity to make updates to suit their personal style. Whether you're looking for a primary residence or investment property, this townhome offers plenty of potential. Property is being sold as-is.

124 Cheri Lane, Panama City
1025 W 19th Street Unit 14D, Panama City
$220,000
3 Beds ⋅ 2 Baths ⋅ 796415 MLS
Welcome to Dellwood Estates in Panama City, Florida. One of the largest units available! Also in the most spacious location! This charming unit offers a comfortable and convenient place to call home in a well-established community. No yard maintenance required except your very own garden space that is fenced off for privacy and enjoyment. Community Pool and Tennis Courts on site! Whether you're looking for a primary residence, a low-maintenance getaway, or an investment opportunity, this property is worth a look. Spacious green spaces all around. 3 Parking Spaces available at the front sidewalk of the home with more visitor parking spaces available. Inside, you'll find a functional layout with comfortable living spaces, a well-appointed kitchen, and bedrooms designed for everyday living and relaxation. The home offers the convenience of easy living without the upkeep of a traditional single-family property. Located in Panama City, you'll be close to shopping, restaurants, schools, medical facilities, and everything the area has to offer. Enjoy easy access to Panama City Beach, beautiful Gulf waters, and the many outdoor activities that make Bay County such a desirable place to live. Come see what makes this Dellwood Estates unit a great opportunity in the Panama City market! HOA covers yard maintenance 2x per week, WiFi, community maintenance, community dump area (not household garbage), long term storage area available for trailers, RV or boat storage & pool upkeep. Home is completely handicap accessible.

1025 W 19th Street Unit 14D, Panama City
4055 Brook Stone Drive, Panama City
$330,000
3 Beds ⋅ 2 Baths ⋅ 796401 MLS
Welcome to 4055 Brook Stone Dr - a home that just feels good from the moment you walk through the door. Tucked away in the inviting Plantation Park neighborhood, this 3-bedroom, 2-bath home offers approximately 1,490 square feet of comfortable, easy living with a layout that feels warm, welcoming and ready for your next chapter. Step inside and imagine everyday life here - slow mornings with coffee in the kitchen, dinner around the table, movie nights curled up on the couch and weekends spent simply enjoying home. The kitchen features beautiful granite countertops and flows naturally into the living spaces, creating a comfortable setting for both quiet evenings and time spent with the people you love. The primary bedroom offers a relaxing place to unwind at the end of the day, while two additional bedrooms provide plenty of flexibility for family, guests, a home office or hobbies. With two full baths, a garage and a thoughtfully designed floor plan, this home offers the space you need without feeling like more house than you want to maintain. Outside, there's room to enjoy the Florida sunshine, fire up the grill or simply relax on the screened patio at the end of the day. And when you do venture out, you're conveniently located near shopping, dining, schools, boat ramps and the everyday conveniences of Panama City and Lynn Haven. Whether you're searching for your first home, your next home or a place to simplify and settle in, 4055 Brook Stone Dr has that special quality that's hard to describe but easy to recognize - you can picture yourself living here. Come inside, get comfortable and stay awhile. This just might be the one that feels like home.

4055 Brook Stone Drive, Panama City
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
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
816 Transmitter Road, Panama City
$359,900
4 Beds ⋅ 3 Baths ⋅ 796319 MLS
Currently being used as a short term rental. Rental projections available. Conveniently located just 10 miles from Tyndall Air Force Base and 15 miles from the beach, this spacious 5-bedroom, 3-bathroom home offers comfort, efficiency, and flexibility. Highlights include a private pool with a brand-new 2025 liner and motor, a durable 2019 metal roof, and PAID-OFF solar panels keeping the average electric bill around $30 per month. The main level features 2 bedrooms, a bonus room with a closet, and 2 bathrooms. The upper level offers 2 bedrooms, 1 bathroom, a fully equipped kitchen, a living room, private outdoor access, and a wooden deck. Situated on a .4-acre lot with rear access, the property includes an RV HOOKUP, RV/carport, shed, and a carport/storage pavilion. A concrete slab provides additional potential for a shed, basketball court, or other uses, offering ample space and versatility for a variety of needs.

816 Transmitter Road, 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
6505 Thomas Drive Unit 707, Panama City
$385,000
2 Beds ⋅ 2 Baths ⋅ 796304 MLS
2BR/2BA waterfront condo in Summerhouse in Panama City Beach. Gulf views from a 120 sq ft balcony. Furnished 7th-floor unit, built 1985. This furnished 2-bedroom, 2-bath waterfront condo at Summerhouse in Panama City Beach offers 1,015 sq ft of heated and cooled living space on the 7th floor of the B Building's east side. Unit 707 pairs Gulf and lagoon views with a 120 sq ft balcony and wall-to-wall sliding glass doors that bring natural light and coastal views into the living space. Tile flooring runs throughout the unit for a consistent, easy-care finish. The kitchen has been updated with appliances, counters, cabinets, sink, lighting and hardware. Per the owner, the refrigerator and dishwasher were replaced within the last two years. Both bathrooms also feature updated cabinets, sinks, lighting and hardware. The split-bedroom layout includes a waterfront primary bedroom with balcony access, and the condo is offered furnished. Summerhouse is a Gulf-front condominium complex with approximately 400 feet of beach frontage. Community amenities include two pools, including one heated in winter, a kiddie pool, spa/hot tub, tennis and shuffleboard courts, game room, community and owners lounge areas, BBQ grills, gazebo and picnic areas, elevators, security, and onsite homeowners and rental offices. The lobby, check-in and lounge areas have also been updated, along with a small onsite store area for essentials and snacks. The property is located on Thomas Drive, with St. Andrews State Park, restaurants, grocery shopping, and area fishing, diving and sightseeing boat operations nearby. The MLS notes immediate occupancy and owner pet-friendly status. Monthly HOA dues are $1,211.06 and include accounting, cable TV, insurance, internet, grounds maintenance, management, pest control, security, sewer, trash and water.

6505 Thomas Drive Unit 707, 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
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