Bay County Homes under $500,000

Bay County Homes under $500,000

Welcome to Bay County, Florida – a hidden gem nestled along the picturesque Gulf Coast, where the sun-kissed shores meet vibrant communities and a laid-back lifestyle. Known for its stunning beaches, including the famous Panama City Beach, Bay County offers a perfect blend of natural beauty and modern conveniences. With a rich history and a welcoming spirit, this area is ideal for families, retirees, and anyone looking to embrace the coastal way of life.

One of the most enticing aspects of Bay County is the diverse array of homes available, especially for those seeking affordable options. You’ll find a delightful selection of homes priced under $500,000 that cater to various tastes and preferences. From charming single-family residences to inviting townhouses and cozy condos, there’s something for everyone in this thriving real estate market.

Imagine waking up to the sound of waves gently lapping at the shore or enjoying a sunset stroll along the beach, all while being just a stone's throw away from your new home. Bay County's real estate landscape is not only appealing for its affordability but also for its proximity to top-rated schools, recreational activities, and a vibrant local culture.

Whether you’re looking for a vacation retreat, a first-time home, or a place to settle down, Bay County offers a wealth of opportunities to create lasting memories. With its friendly neighborhoods and a strong sense of community, you’ll find that life in Bay County is not just about the homes but the lifestyle that comes with them. Come and discover your dream home in this coastal paradise!

Newest Bay County Homes under $500,000

14825 Front Beach Road Unit 1904, Panama City
$499,999
2 Beds ⋅ 2 Baths ⋅ 796445 MLS
Strong rental history, future bookings, and exceptional value all at Sunrise Beach Unit 1904! This self-managed condo has grossed over $54,000 in rental revenue in 2026, with more than $15,000 already on the books for 2027. The sellers are willing to assist with transferring guest reservations, and an established rental website can convey with the purchase, giving the next owner a valuable head start. Oh and did I mention new HVAC May 2026 Tile and beautiful luxury vinyl plank flooring run throughout, combining style with easy maintenance. The oversized bunk room provides the added sleeping flexibility of a three-bedroom layout, comfortably accommodating six guests in beds. Enjoy sunrises step right out the primary bedroom that sits waterfront stay till sunsets on the comfy plywood furniture. Sunrise Beach delivers the resort experience guests keep coming back for, with direct beach access, two Gulf-front pools one seasonally heated, two hot tubs, a children's splash area, and a fitness center. Soggy Dollar os loved by the owners and guest for drinks and food poolside. These amenities make it easy to enjoy a full day of beachside relaxation without leaving the property. The location adds even more appeal, with nearby favorites including Sharky's and Señor Frog's, plus convenient access to Pier Park's shopping, dining, and entertainment, Topgolf, and Dolly Parton's Pirates Voyage Dinner & Show. Beach days, sunset dinners, and memorable nights out are all part of the lifestyle here! Competitively priced in this well-maintained, desirable complex, Unit 1904 offers a compelling opportunity for buyers seeking a personal beach retreat with an established rental history. The sellers have priced it to get your attention schedule your showing today and make it yours!

14825 Front Beach Road Unit 1904, Panama City
4631 Roundwood Way, Panama City
$422,350
4 Beds ⋅ 3 Baths ⋅ 796440 MLS
Experience The Logan, designed for effortless living. Enter a grand foyer with trey ceilings and shadow box trim, leading to a spacious, open-concept social hub. The chef-inspired kitchen features a quartz island, while the adjacent patio invites outdoor dining. A quiet study sits nearby, ideal for a home office. Retreat to the secluded primary suite with a spa bath and direct laundry access from the walk-in closet. Two main-level bedrooms feature trey ceilings, while upstairs offers a loft and private guest suite. Includes a 2-car garage. Visuals for inspiration. Pricing is the base starting point; final price varies based on selections.

4631 Roundwood Way, Panama City
7208 Ranier Street, Panama City
$328,000
3 Beds ⋅ 2 Baths ⋅ 796437 MLS
**VA ASSUMABLE LOAN WITH AN ATTRACTIVE 3.1% INTEREST RATE!** Welcome to 7208 Ranier Street, a beautiful home situated on a spacious half-acre lot with NO HOA! The fully fenced backyard offers plenty of room for boat or RV parking, outdoor activities, and even backyard chickens, subject to applicable local regulations. Step inside and immediately appreciate the soaring cathedral ceilings and abundance of natural light that fills the main living areas. The impressive ceiling height creates an open, airy atmosphere, making the home feel even more spacious and inviting. Luxury vinyl plank flooring flows throughout the main living areas and bathrooms, while two downstairs bedrooms feature comfortable carpeting. Upstairs, you'll find a private primary suite thoughtfully tucked away from the rest of the home. This retreat features a custom barn door, a bathroom with beautiful subway tile accents, and a generous walk-in closet. With its unique architectural features, spacious lot, and freedom of no HOA, this property offers a wonderful combination of comfort, character, and flexibility. **Don't miss the opportunity to explore the potential savings of an assumable VA loan with a 3.1% interest rate!** Schedule your private showing today!

7208 Ranier Street, Panama City
1010 E 8th Street, Lynn Haven
$350,000
3 Beds ⋅ 2 Baths ⋅ 796436 MLS
Welcome to 1010 E 8th Street, nestled in the heart of Lynn Haven! This charming 3-bedroom, 2-bathroom home offers a comfortable and inviting atmosphere, making it a wonderful place to call home. Whether you're enjoying a quiet evening or hosting friends and family, this property provides a great setting for everyday living. One of the highlights of the home is the screened-in patio, offering a relaxing outdoor space where you can enjoy your morning coffee, unwind after a long day, or entertain guests while enjoying the Florida breeze. Conveniently located in the desirable Lynn Haven community, this home puts you just minutes from local parks, schools, shopping, restaurants, and everyday conveniences. With easy access to Panama City and a short drive to the beautiful white-sand beaches of the Emerald Coast, you'll enjoy the perfect balance of neighborhood charm and coastal living. Whether you're a first-time homebuyer, looking to settle into a new home, or searching for an investment opportunity, 1010 E 8th Street is ready for its next chapter. Schedule your private showing today and discover all this property has to offer!

1010 E 8th Street, Lynn Haven
412 Arizona Drive, Mexico Beach
$475,000
3 Beds ⋅ 2 Baths ⋅ 796429 MLS
Welcome to 412 Arizona Dr, a 3BR/2BA octagonal home sitting on a quarter-acre lot in Mexico Beach, just an eight-minute walk from the white sand, in FLOOD ZONE X, where no flood insurance is required. Built in 2006 on a slab foundation with vinyl siding and a shingle roof, the home was remodeled after Hurricane Michael, with a new roof, a new HVAC unit in 2022, impact windows throughout, copper plumbing water lines, and fresh paint inside and out in 2023, so the big-ticket items and the insurance concerns are already handled. Entering the home, you will notice the custom hardwood, solid wood doors, and recessed lighting that carry through the entire house, along with the octagonal design that opens the living space up in a way a standard home cannot. The living room stretches a full 31 feet with a gas fireplace anchoring the room, and the dining room sits just off of it behind a set of French doors. The home offers the option of two master bedrooms, both with walk-in closets, giving you flexibility for guests, a home office, or a rental setup, and a separate laundry room with large closets keeps the storage problem solved. Upstairs is a 300-square-foot loft, perfect for a bunk area, a playroom, or a quiet place to work. Outside, the finished 624sqft two car garage and the 20x40 driveway handle six vehicles, with additional open parking for a golf cart, and the 200-square-foot screened back patio overlooks a fenced yard landscaped with palms. There is no HOA, and short-term rentals are allowed. Call today for a showing!

412 Arizona Drive, Mexico Beach
151 Coyote Pass Unit 9, Panama City Beach
$199,000
2 Beds ⋅ 2 Baths ⋅ 796428 MLS
Located very close to the sugary white sands of the Gulf, fabulous restaurants, great shopping, and the new Duplin Winery, this turn-key Hombre Villa offers prime coastal living. Inside, the open-concept living area features low-maintenance LVP flooring, has room for a six-person dining set, full glass sliders that open directly onto a private balcony with serene views of the surrounding green space. The bright, functional kitchen is equipped with crisp white appliances, light cabinetry, a double sink, and a raised breakfast bar overlooking the main living space, with an adjacent laundry nook providing a full-size washer and dryer. The spacious primary suite boasts LVP flooring, a ceiling fan, a large armoire, direct balcony access, a walk-in closet with built-in shelving, and an en-suite vanity area. A second bedroom with durable LVP flooring and a secondary full bath with safety grab bars complete the unit. Residents also enjoy access to a community circular pool surrounded by lush palm trees and green lawn space.

151 Coyote Pass Unit 9, Panama City Beach
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
10901 Front Beach Road Unit 1909, Panama City Beach
$339,000
1 Baths ⋅ 796421 MLS
Experience the ultimate Gulf-front lifestyle at Majestic Beach Resort in this beautifully updated studio condo. Updated in June 2025, this inviting residence features a beautifully refreshed kitchenette with new cabinetry, countertops, and GE appliances. A new bathroom vanity has also been installed. New luxury vinyl plank flooring flows throughout the condo, complemented by fresh interior paint for a clean, modern feel. Step outside and take in the beauty of the emerald waters and sugar-white sands of Panama City Beach. The efficient studio layout makes this condo an ideal beach getaway or investment property. Enjoy the impressive amenities of Majestic Beach Resort, including direct Gulf-front beach access, multiple outdoor and heated indoor pools, hot tubs, fitness center, tennis and pickleball courts, game room, movie theater, seasonal poolside bar and grill, on-site market and deli, covered parking, and 24-hour security. Beyond the resort, Pier Park, with its outstanding selection of dining, shopping, and entertainment, is situated less than 5 miles west. Northwest Florida Beaches International Airport is approximately 18 miles away. Recently opened attractions, including Topgolf and Dolly Parton's Pirates Voyage Dinner & Show, add even more entertainment options to the surrounding area. Whether you're seeking an investment property or your own slice of paradise, this beautifully updated studio offers an exceptional opportunity to experience the best of Panama City Beach. Schedule your showing today!

10901 Front Beach Road Unit 1909, Panama City Beach
335 Gardenia Street, Panama City Beach
$249,000
3 Beds ⋅ 2 Baths ⋅ 796420 MLS
LIVE walking distance to the beach. 3 bedroom 1 1/2 bath 1176 sq ft beach house, Several restaurants, ice cream shops, local businesses, and the county pier are all within walking distance, adding even more appeal to this prime beachside property. house does need some work

335 Gardenia Street, Panama City Beach
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
20526 Fisher Road, Fountain
$365,000
3 Beds ⋅ 2 Baths ⋅ 796395 MLS
20526 Fisher Road is country living at its finest! Tucked away on 5 acres this 1,759 square foot home boasts for a serene peaceful existence. Upon entering this property, one feels the comforts of this hidden gem as it is surrounded by beautiful foliage and blooming trees. To feel the true grandeur of this 5 acres walk the property and say hello to any wildlife that you may see. Hummingbirds and butterflies frequent the flower beds! As you enter the home, this 3 bedroom 2 bath house is spacious. The layout is split; showcasing the large primary bedroom and bathroom on one side which features a large walk in closet, a double vanity sink, a private toilet area, a separate walk in shower, and an extra-large soaking tub. The living room and kitchen are also very spacious and are divided- but open enough to entertain guests and family. The second and third bedroom share a bathroom for convenience. There is a separate laundry room. Features include: the HVAC is a 2024, the roof is a 2019, the pole barn with the connecting shed measures 40 x 20 and 16 x 20 respectively and the covered back porch is a 33 x 12. Extra shed in back yard which measures 14 x 16 for storage. With some cosmetic touchups and an aesthetic makeover this home is perfect for someone who wants to make it their dream home. Location, location!!! Head South to Lynn Haven, Panama City, or Panama City Beach; or you can also head North to Dothan. All just a short distance away. If you love the country living lifestyle and just want that short drive to work, shopping, and entertainment then this property is for you!

20526 Fisher Road, Fountain
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