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5711 E Highway 98, Panama City
$10,000,000
788472 MLS
Property has been re-built from the ground up; so everything is brand new even the parking lot. This opportunity is about 95% complete. The asking price is about half of the true value. 90 rooms and another 6 or so comprising of the Lobby, Electrical, Washer and Dryer area etc. All of the furniture is in and the TV's are hung. It was formerly known as The Labrisa Inn. It is located just down the street from the new Tyndall Air Force Base. More pics and drone footage coming soon...

5711 E Highway 98, Panama City
2550 Sherman Avenue, Panama City
$9,980,769
796665 MLS
NAI TALCOR and JH Berry are pleased to exclusively represent this Net Lease Industrial Investment asset in the Northwest Florida market of Panama City, FL. The asset is anchored by a long-term sale-leaseback structure paired with a value-add component providing a veritable riskless return expansion opportunity in one of the fastest growing markets in the country. The Seller, Buffalo Rock Company, has been operating in the Panama City market since 1986 and just completed upgrading and modernizing this facility in 2026. Complementing BR's net lease is an adjacent move-in ready 10ksf warehouse facility that was previously utilized as a commercial kitchen supporting BR's coin-operated vending services. Now vacant, the space offers a hard-to-find capability carrying significant in-place improvements allowing a strong rental rate opportunity with very limited in-market competition. About the Tenant: Founded in Birmingham, Alabama in 1901, Buffalo Rock Company is one of the nation's largest privately held, family-owned beverage bottlers and distributors and the largest privately held, family-owned Pepsi and Keurig Dr Pepper bottler in the United States. The company operates an extensive production, warehousing, transportation and distribution network serving markets throughout Alabama, the Florida Panhandle and western Georgia. Buffalo Rock's operations encompass more than 1,300 beverage SKUs, approximately 2,400 fleet assets, more than 15,000 retail customers and over seven million consumers, with the company manufacturing and selling nearly one billion units annually. With more than 125 years of operating history, a diversified portfolio of nationally recognized beverage brands and significant investment in its distribution infrastructure, Buffalo Rock represents an established regional industrial tenant with substantial long-term logistics and facility requirements.

2550 Sherman Avenue, Panama City
3730 Preserve Bay Boulevard, Panama City
$8,475,000
5 Beds ⋅ 10 Baths ⋅ 786845 MLS
Perched on 380 feet of pristine West Bay waterfront along the Northwest Florida Gulf Coast, Villa Chimera is the most extraordinary luxury estate in Panama City Beach. Spanning 9,473 sq. ft. across three expansive lots, this 5BR/6BA/4HB masterpiece was authentically modeled after an Italian Venetian Palazzo -- designed by architect Philip Spann from hand-sketched owner drawings inspired by Renaissance master Andrea Palladio. Every finish was sourced from Italy or crafted by world-renowned artisans: a hand-carved Italian marble fountain, cushion-cut marble walls, Venetian silk upholstery, a Rome-crafted stone dining table, and a Renaissance fresco ceiling hand-painted by artist Jody Matokovich. This is not simply a Gulf Coast luxury home -- it is a one-of-a-kind legacy estate. The soaring foyer commands immediate attention with its grand Schonbek crystal chandelier, custom compass rose marble floor inlay, and solid stone staircase with marble balusters. The great room overlooking West Bay features a marble fireplace, limestone accents, and walls upholstered in Bevilacqua silk -- made in Venice and renowned worldwide. A media room with a theater-size projection screen and theatrical lighting flows seamlessly from the living space. The gourmet kitchen features Wolf and Sub-Zero appliances, a breakfast bar, separate bar area, and a fully equipped butler's pantry for effortless large-scale entertaining. All cabinetry was custom-designed by Design Galleria of Atlanta. The dining room centers around a custom stone table crafted in Rome outside the Vatican walls, beneath Venetian watermark plasterwork evoking centuries of Palazzo history. The second-level master suite is a private sanctuary with bay views, a columned balcony, and a hand-painted Renaissance fresco vault ceiling. Separate his-and-hers bathrooms each feature heated floors and double showers with body jets. A detached guest house -- connected by covered walkway -- includes a full kitchen, sitting area, private veranda, and full bath. Smart home living is delivered via a full Crestron system controlling all lighting, media, and security. Additional highlights: Kohler 100KW whole-house generator, all-copper plumbing, 4-car garage with wheelchair lift, whole-house central vacuum, monitored security cameras, LED lighting throughout, and all windows and exterior doors replaced post-Hurricane Michael. A rare and irreplaceable Florida Gulf Coast waterfront estate -- schedule your private showing today.

3730 Preserve Bay Boulevard, Panama City
401 N Kimbrel Avenue, Panama City
$8,000,000
754214 MLS
LOCATION! LOCATION! LOCATION! Discover an exceptional opportunity with this 16.53-acre parcel situated at 401 N Kimbrel Avenue in the dynamic and developing Panama City, Florida. Boasting a prime location that is conveniently close to educational institutions, recreational areas, and vital employment hubs, including Tyndall Air Force Base, this site is ideal for developers looking to respond to the city's current and future housing needs. The property offers ample space for a significant multi-family residential project, with zoning classification R5-A, which allows for the construction of up to 25 residences per acre. The max allowable units in this location is 413. We are excited to welcome investors to the market for a development-ready project after Seller has completed the initial work and preparation. The potentially 400 door multifamily development has been cleared. The 16.5 acre parcel is situated along the major thoroughfare in the area, Highway22 and also connects to the main artery of the Bay County, Highway 98. All pre-development work and permits have been issued. The property is within a 30-minute drive to the sugary sands of the Panama City, Beach and offers various ecotourism opportunities. In a quick 15 minute drive, you will arrive to the revitalized Downtown Panama City, with its walkable shopping and waterfront dining venues. It lies within a strategic locale and is well-positioned outside the flood zone, making it a valuable find for a visionary development tailored to accommodate the influx of professionals and their households. This offering is a cornerstone opportunity to contribute to the area's resurgence with a development that captures the spirit of growth. This versatile plot stands ready for a transformative development that will cater to both civilian and military families, contributing to the rejuvenation of the community. Capitalize on the opportunities of Panama City by investing in a property that offers promising growth and profits. Buyers are encouraged to submit offers as they seek updated zoning to address their needs.

401 N Kimbrel Avenue, Panama City
000 Baldwin Rd E, Panama City
$7,700,000
745591 MLS
The very best commercial site in Panama City is now available for purchase. This 77± acre tract - WILL DIVIDE - is located at and around the southeast corner of Highway 77 and Baldwin Rd between the new 360 Gas + C-store and Tonya's Garden, and adjacent to 360 on Baldwin Road. The opportunities are endless for a property with this size and location. Being near the middle of ALL commercial activity in Panama City and Lynn Haven makes this site worthy of your serious consideration. Two median cuts on Highway 77. Excellent location for a commercial development and multifamily on the rear.

000 Baldwin Rd E, Panama City
Fonza Road, Panama City
$7,500,000
772017 MLS
Rare ±231-acre waterfront development opportunity with ±8,000 feet of natural shoreline on North Bay — now available with flexible deal structures including seller financing and potential joint venture (JV) development partnerships. The seller is actively seeking qualified development partners and is open to creative structuring to bring this site to its highest and best use. Strategically located in Bay County's rapidly expanding north side, the property is just minutes from Northwest Florida Beaches International Airport, Panama City Beach, and the multi-billion-dollar redevelopment of Tyndall Air Force Base. Adjacent to the established Fanning Bayou subdivision and close to Gulf Coast State College's North Bay Campus, this site sits squarely in the path of major regional growth. Development Highlights: * ±231 acres with ±8,000' of natural shoreline * Previously approved for 218 residential units and a school * Utilities nearby; excellent access to infrastructure and major roads * Bay County planning supports new development in this corridor * Ideal for residential, mixed-use, institutional, or recreational development This is one of the largest contiguous, undeveloped waterfront parcels remaining in the area. With strong regional demand, supportive zoning, and a seller willing to structure a deal creatively—including JV partnerships—this property offers a compelling opportunity for developers and investors looking to capitalize on Northwest Florida's growth.

Fonza Road, Panama City
615 Highway 231, Panama City
$6,493,000
786612 MLS
+/-54,027 SF neighborhood shopping center situated on 5.18 acres on Hwy 231 in Panama City. This property benefits from access points on major arteries, Hwy 231 & Hwy 77 along with a separate lighted intersection at 19th St. The property is well positioned to meet the daily retail and service needs of nearby neighborhoods while benefiting from proximity to Bay County's healthcare and employment hubs. Currently 83.13% occupied, the center provides stable in-place income with additional upside through +/-9,114 SF of available office space. Panama City benefits from a diversified economic base supported by healthcare, tourism, retail, and military presence. Major employers such as HCA Florida Gulf Coast Hospital, Ascension Sacred Heart, and Tyndall Air Force Base provide a stable employment foundation that supports consistent consumer activity. +/-54,027 SF Neighborhood Shopping Center on +/-5.18 Acres 83.13% Occupied with Stable In-Place Income +/-9,114 SF Office Vacancy - Lease Upside Opportunity Multiple Access Points (Hwy 231, Hwy 77 & 19th Street) New Roof and HVAC installed 2019 Parking Ratio: 4.37:1000 Financials & Rent Roll Available Upon Request

615 Highway 231, Panama City
2505 Industrial Drive, Panama City
$6,250,000
792473 MLS
This 30,000± SF newly constructed warehouse is purpose-built for efficient distribution and long-term performance. The facility features 28 dock-high doors, three additional dock positions on a uniform loading platform, and 10 grade-level doors - providing exceptional flexibility for a wide range of logistics and industrial operations. Situated on a site with up to 4.0± acres of additional land available for outside storage or truck parking, the property benefits from Bay County's flexible Industrial-2 zoning, allowing for scalable operations and future expansion. The building is designed for multi-tenant or single-user functionality, with three divisible bays, each equipped with new restrooms and infrastructure to support further buildout as needed. Clear heights of 18' at the eaves and 21' at the ridge, combined with reinforced concrete slabs, support efficient racking, storage, and heavy use. The corner lot configuration provides excellent truck ingress and egress, enhancing circulation and operational flow. Strategically located in central Bay County, the property offers immediate access to Highway 231 and Highway 98, enabling efficient regional connectivity. Estimated completion: July 2026.

2505 Industrial Drive, Panama City
3510/ 3536 Saint John Street, Panama City
$6,200,000
782381 MLS
PRICE IMPROVEMENT - NOW OFFERED AT $6.2 MILLION. This stabilized 50-unit garden-style apartment community presents an exceptional opportunity to acquire a well-maintained, income-producing asset with significant recent capital improvements and long-term upside. The property features a highly desirable unit mix of 8 one-bedroom, 20 two-bedroom, 12 three-bedroom, and 10 four-bedroom apartments, with 42 units renovated since 2020, showcasing updated flooring, fresh paint, windows, and modern fixtures. Ownership has invested heavily in the property's infrastructure, including new metal roofs, upgraded electrical panels, and numerous HVAC and water heater replacements, minimizing near-term capital expenditures. Additional revenue is generated through an on-site laundry facility, while a separate office building with storage provides efficient on-site management and operational support. The community maintains consistently strong occupancy and is further enhanced by an assumable $4.57 million fixed-rate, 3.75% non-recourse loan (subject to lender approval), providing a significant financing advantage in today's interest rate environment. Ideally located near major employers, schools, shopping, dining, and just minutes from Panama City Beach, the property benefits from strong rental demand in one of Northwest Florida's fastest-growing markets. Now priced at $6.2 million, this is a compelling opportunity for investors seeking immediate cash flow, operational stability, favorable financing, and future growth potential.

3510/ 3536 Saint John Street, Panama City
240 Harmon Avenue, Panama City
$6,185,000
782380 MLS
This exceptional 34-unit waterfront community, complete with a 22-slip marina, is now offered at a newly adjusted price, creating an even stronger value proposition for investors. In addition to its comprehensive renovations and prime waterfront amenities, the property includes an income-generating on-site laundry facility and a low-maintenance marina that produces steady net revenue, further strengthening the asset's operational performance. With 22 units fully renovated down to the studs in 2020, upgraded mechanicals, new roofs, contemporary interiors, and a history of consistently high occupancy, this community offers both stability and long-term growth potential. Positioned within the heart of Downtown Panama City's ongoing revitalization--featuring upgraded streetscapes, improved walkability, and renewed waterfront development--this asset remains one of the most compelling opportunities in the market. The pricing adjustment simply aligns the offering with current investor activity and enhances the property's already strong return profile.

240 Harmon Avenue, Panama City
5935 Gulf Drive, Panama City
$5,795,000
8 Beds ⋅ 8 Baths ⋅ 789986 MLS
Set directly along the sugar-white shoreline of Panama City Beach, The Headliner at Hadley's Beach is a newly constructed Gulf-front residence combining architectural scale, elevated interiors, private beach access, and short-term rental flexibility within one of the area's most intimate coastal enclaves. Hadley's Beach includes just 26 homes, with only 16 true Gulf-front residences, making this an increasingly limited opportunity for direct waterfront ownership in Panama City Beach. Across approximately 5,700 square feet and three levels, sweeping Gulf views, five panoramic door systems, a heated private pool, and more than 1,300 square feet of outdoor living create a home designed around the water from nearly every vantage point. Built by Thor Construction & Design, the residence pairs refined coastal architecture with a material palette that feels substantial, current, and quietly sophisticated. Venetian plaster, custom cabinetry, oak beams, Visual Comfort lighting, and expansive walls of glass bring texture and warmth to the interiors while allowing the Gulf to remain the defining visual element. Five panoramic door systems positioned across all three levels open the home toward the shoreline, creating a fluid connection between interior gathering spaces, covered porches, and the beach beyond. The second level serves as the natural heart of the home, where generous living and dining spaces unfold around a chef's kitchen designed for both everyday life and large-scale entertaining. Custom cabinetry is complemented by Sub-Zero and Wolf appliances, while the open layout preserves long sightlines to the Gulf. Floor-to-ceiling windows and broad openings fill the space with natural light and create an effortless progression from the kitchen and living areas to expansive outdoor terraces overlooking the water. Eight spacious bedrooms and eight bathrooms are thoughtfully arranged across the residence to accommodate family, guests, and multigenerational gatherings while maintaining privacy throughout. The upper-level primary suite is positioned as a private Gulf-front retreat, complete with its own lounge and panoramic water views, creating a quieter sanctuary removed from the home's central gathering spaces. Outdoor living is integral to the experience of The Headliner. More than 1,300 square feet of porch space spans the residence, offering multiple settings for open-air dining, morning coffee, relaxed conversation, and sunset views. The heated private pool extends the home's resort-style atmosphere, while direct private access leads from the residence to the white sand and turquoise waters of the Gulf of Mexico. An elevator and garage add convenience across all three levels. Hadley's Beach offers a distinctive position within Panama City Beach, pairing the privacy of a limited residential enclave with convenient access to the area's dining, entertainment, live music, and coastal recreation. Days can begin on the Gulf, move easily into the energy of Panama City Beach, and end back at the residence with sunset views from the porch or evenings beside the pool. Offered fully furnished and with short-term rentals permitted, The Headliner offers flexibility as a primary residence, second home, vacation property, or Gulf-front investment opportunity. For buyers searching for a luxury Gulf-front home in Panama City Beach, a newer construction beachfront residence with a private heated pool, or a short-term rental property directly on the Gulf of Mexico, 5935 Gulf Drive brings together architecture, scale, location, and direct waterfront access in a setting designed to be experienced from sunrise through sunset.

5935 Gulf Drive, Panama City
9704 Beach Boulevard, Panama City
$5,250,000
6 Beds ⋅ 8 Baths ⋅ 760174 MLS
CONTACT LISTING AGENT TO DISCUSS NEW HUGE SELLER INCENTIVES BEING OFFERED. This is the newest built home for sale on the beachfront! 6-bedroom, 6-bathroom house offers over 4,600 square feet of luxurious living space. Situated directly on the beach with private access, this home provides an unbeatable coastal lifestyle. The spacious interior includes gourmet kitchen with high-end appliances and custom cabinetry. Each bedroom features an en-suite bathroom and comes fully furnished with stylish décor. An elevator ensures easy access to all levels of the home. Outside, enjoy your private pool with breathtaking ocean views. The expansive deck is ideal for sunbathing, dining, and entertaining. This home combines luxury and comfort in a stunning natural setting. Sold fully furnished as turn-key, high producing vacation rental!

9704 Beach Boulevard, Panama City
0000 W 231 Highway, Panama City
$5,200,000
794189 MLS
323 RAW ACREAGE AVAILABLE - Discover an exceptional development opportunity with approximately 323 acres strategically located along Highway 231. Zoned commercial/agriculture and offering multiple access points from the highway, this expansive property provides flexibility for a variety of potential uses. Its highest and best use may be a thoughtfully planned single-family residential community, with ample space to create a neighborhood that balances convenience, privacy, and Northwest Florida's natural surroundings. Located just a few miles from the busier areas of town and within convenient driving distance of the area's beautiful beaches, this property offers the accessibility today's buyers want while maintaining plenty of room to grow. A rare opportunity for developers and investors seeking substantial acreage in the path of future growth. Buyer to verify zoning, land use, access, utilities, environmental conditions, and development potential.

0000 W 231 Highway, Panama City
9708 Beach Boulevard, Panama City
$4,997,000
7 Beds ⋅ 7 Baths ⋅ 792763 MLS
Welcome to A Sight to Sea, an exceptional 7-bedroom, 6.5-bath coastal retreat offering of beautifully designed living space. The home features expansive open-concept living areas, a well-appointed kitchen, private elevator, generous bedrooms, multiple gathering spaces, and abundant room for entertaining. Outdoors, enjoy a private swimming pool, hot tub, and inviting areas for relaxing in the Florida sunshine. Conveniently located near the sugar-white beaches of Panama City Beach, dining, shopping, parks, and entertainment. Currently operated as an established vacation rental, this impressive property is equally suited as a primary residence, second home, or investment opportunity. Available furnished or unfurnished, subject to the final purchase agreement.

9708 Beach Boulevard, Panama City
XXX W Highway 98, Panama City
$4,900,000
772654 MLS
Exceptional opportunity to acquire 2.57± acres of prime commercial waterfront property, strategically located in Panama City. Zoned General Commercial, this site supports a broad array of development opportunities such as retail centers, professional office complexes, service businesses, wholesale sales, shopping plazas, and more. The zoning is designed to accommodate intensive commercial activity, making it ideal for developers or investors seeking a high-potential waterfront site in a growing market. Boasting a 2024 FDOT Average Daily Traffic Count of 41,500, this high-visibility site offers unparalleled access and exposure for a wide range of commercial ventures. Situated close to major regional landmarks including Hathaway Bridge, the Port of Panama City, Gulf Coast State College, and Florida State University's Panama City campus, this property sits at the crossroads of commerce, education, and infrastructure. Don't miss this rare opportunity to develop a high-impact commercial property in one of Panama City's most accessible and dynamic locations.

XXX W Highway 98, Panama City
2400 Grandiflora Boulevard, Panama City
$4,550,000
796317 MLS
***SELLER WILL FINANCE!!! 15-20% DOWN, 3 TO 5 YEAR BALLOON, 6.5% RATE, 30 YEAR AMORTIZATION*** Future site of Panama City Beach's newest bay front condominium complex. 9 story, 99 unit complex can be built on this lot. Over $1,900,000 of infrastructure already in place. Just a short 10 to 15 minute boat ride out to the open gulf. Fitness center and game room/lounge in sister building will be available to owners. All information is approximate and should be verified by buyers if important.

2400 Grandiflora Boulevard, Panama City
2400 Grandiflora Boulevard, Panama City
$4,550,000
796288 MLS
***SELLER WILL FINANCE!!! 15-20% DOWN, 3 TO 5 YEAR BALLOON, 6.5% RATE, 30 YEAR AMORTIZATION*** Future site of Panama City Beach's newest bay front condominium complex. 9 story, 99 unit complex can be built on this lot. Over $1,900,000 of infrastructure already in place. Just a short 10 to 15 minute boat ride out to the open gulf. Fitness center and game room/lounge in sister building will be available to owners. All information is approximate and should be verified by buyers if important.

2400 Grandiflora Boulevard, Panama City
305 E Beach Drive, Panama City
$4,500,000
792242 MLS
Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to immediately evaluate the project as a partially assembled waterfront development opportunity, not raw land.

305 E Beach Drive, Panama City
305 E Beach Drive, Panama City
$4,500,000
792107 MLS
Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to immediately evaluate the project as a partially assembled waterfront development opportunity, not raw land.

305 E Beach Drive, Panama City
2420 Jenks Avenue, Panama City
$4,000,000
787317 MLS
2420 Jenks Avenue offers investors the opportunity to acquire a fully leased commercial property in Panama City, Florida. The asset consists of approximately ±22,000 square feet across three buildings situated on two parcels (Bay County Parcel ID's 13016-122-000 and 13016-122-070). The improvements include two buildings totaling ±8,000 RSF each and one building of approximately ±6,000 RSF. The property is currently 100% leased, providing immediate in-place income. Recent capital improvements include new roofs installed in 2022. The property is being offered at an 8.63% cap rate and owner financing is available. 2420 Jenks Avenue is located in a well-established commercial corridor in Panama City with convenient access to surrounding business districts and major transportation routes.

2420 Jenks Avenue, Panama City
00 Highway 2297, Panama City
$4,000,000
773120 MLS
+/- 80 acres with over 2,200ft of waterfront on East Bay, with direct access to the Gulf of Mexico. Currently zoned CSVH, allowing for 2 residential units / acre. Water, electricity, and sewer are available to site. Directly across the bay from Tyndall Air Force Base. The City of Callaway has seen significant growth from a $5.2 billion rebuild of Tyndall Air Force Base—the largest MILCON project in recorded Air Force history. Additional, adjacent +/- 19 waterfront acres available upon request.

00 Highway 2297, Panama City
8614 Surf Drive, Panama City
$4,000,000
771996 MLS
RARE Investment Opportunity Near Gulf of America. This commercial property, strategically zoned for high-intensity development, presents a rare chance to own a substantial parcel of land exceeding half an acre, situated directly across from the stunning beaches and the Gulf of Emerald Coast. The income-producing 11-unit inn, fully furnished and impeccably maintained, offers a unique opportunity for immediate cash flow and potential for expansion to 14 units, capitalizing on the area's high demand for accommodations. The property's expansive lot provides a canvas for redevelopment, allowing investors to explore various scenarios, including single-family residences, multi-family units, or a mix of both, thereby maximizing the potential for returns on investment. With its prime location and versatile zoning, this property is an investor's dream, offering endless possibilities for creative development and revenue generation. The property offers convenient beach Access, Providing an exceptional lifestyle. Its prime location give you easy access to a wide range of activities and amenities, all within walking distance. Enjoy swimming, sunbathing, and water sports on the pristine beaches, or explore the nearby parks and fresh water springs. The area is also known for its vibrant events calendar, featuring live music, festivals, and cultural events that attract tourists and locals alike. Studio units in Panama City Beach have consistently demonstrated exceptional performance, boasting some of the highest income potential and capitalization rates in the market. With its high tourist turnover and strong demand for short-term rentals, this property is poised to deliver significant returns on investment, making it an attractive opportunity for savvy investors seeking to capitalize on the area's growing popularity. This exceptional investment opportunity is not to be missed. Contact your preferred real estate agent today to schedule a tour and explore the vast potential of this remarkable property. We kindly request that guests not be disturbed. With its unparalleled location, income-generating potential, and endless possibilities for development, this property is sure to be a crown jewel in any investor's portfolio. Buyer to verify all information deemed important.

8614 Surf Drive, Panama City
8431 Pate Street, Panama City
$3,800,000
792067 MLS
***4.3 ACRES OF PRIME REAL ESTATE!!(MLS #778497 IS ALSO FOR SALE ADJACENT TO THIS LOT AND IF PURCHASED TOGETHER WOULD GIVE YOU A TOTAL OF 5.3 ACRES!!) THIS LOT IS PERFECTLY SUITED FOR A SFH OR TOWNHOME SUBDIVISION, HOTEL, COMMERCIAL BUILDING, SHOPPING CENTER, ETC. YOU NAME IT, YOU CAN BUILD IT!!!*** Besides being across the street from Margaritaville, plans are in the works for a new home community directly behind it that will add an additional 2000+ single family homes. This prime location is less than a 10 minute drive from both the airport and our beautiful white sand beaches. All information is approximate and should be verified by buyers if important

8431 Pate Street, Panama City
7801 N Lagoon Drive, Panama City
$3,750,000
796272 MLS
THE CLOYSTER -- A RARE WATERFRONT DEVELOPMENT OPPORTUNITY ON NORTH LAGOON DRIVE! Positioned along the water in Panama City Beach, this boutique development is being offered slab-ready and ready to go vertical, providing an exceptional opportunity to bring an exclusive coastal community to life. The Cloyster consists of just 8 homesites -- 4 waterfront and 4 interior -- creating an intimate, private setting with tremendous appeal for both primary and vacation-home buyers. Each homesite is designed to feature its own private swimming pool and private boat slip, giving every future homeowner the waterfront lifestyle that makes Panama City Beach so desirable. Boaters will appreciate direct access to the Gulf of America, making days on the water, fishing, cruising, and sunset outings effortless. With the groundwork already in place and construction ready to move upward, The Cloyster presents a unique opportunity to complete a thoughtfully planned luxury boating community in one of PCB's most sought-after waterfront corridors. Eight residences, private pools, private boat slips, and Gulf access -- a combination that is increasingly difficult to find.

7801 N Lagoon Drive, Panama City
000 Hwy 390 Highway, Panama City
$3,750,000
795721 MLS
*** Willing to subdivide**** This 38-acre parcel of land at Pipeline Rd and Hwy 390 adjacent to the new Publix shopping center off Hwy 231 , offering a unique opportunity for both commercial and residential development. This location is perfect for businesses looking to establish a strong presence on a major thoroughfare in Bay County. This property offers a wide range of possibilities for development. Whether you're looking to build a shopping center, storage facility, or office complex, this land is ready for your vision. The property is also suitable for residential development, with ample space for single-family homes, townhouses, or apartments. The location of this property is unbeatable. Situated in the heart of north Panama City, it offers easy access to major highways and transportation routes. The area is home to a thriving business community, with a diverse range of industries represented. This makes it an ideal location for businesses looking to expand or relocate. The property itself is a blank canvas, ready for your creative touch. Contact us today to schedule a viewing and see for yourself why this property is the perfect choice for your next project.

000 Hwy 390 Highway, Panama City
5409 Gulf Drive, Panama City
$3,750,000
9 Beds ⋅ 7 Baths ⋅ 784135 MLS
''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2026! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14x24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV's. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ''Making Waves'' is a premiere gulf front home with a proven rental record! You must come see it for yourself!

5409 Gulf Drive, Panama City
00 Allanton Road, Panama City
$3,750,000
729404 MLS
Zoning is 2 units per acre. This serene piece of pristine coastline covers 167 acres in Panama City, Florida, with its approx. 7200 ft (1.3 miles) of shoreline on the Intercoastal Waterway. Located a leisurely boat ride away from the Gulf of Mexico, in the East Bay area, this tract of land is ideal for a waterfront community. This amazing parcel of land is one of the best and most stunning pieces of land with deep water accessibility left in Panama City, Florida with huge potential for development. There are engineering and feasibility studies completed in the past and this property could have 173 up to 232 lots per these studies. There is a complete packet of information on file, along with survey, wetland delineations, and lots of photos.

00 Allanton Road, Panama City
3333 W 14th Street, Panama City
$3,400,000
796329 MLS
Discover an exceptionally rare opportunity to own nearly 2 acres of premier bayfront property in the heart of Historic St. Andrews - one of Panama City's most desirable and charming waterfront communities. Spanning approximately 1.9 acres, this extraordinary estate-sized homesite offers the perfect setting to build your dream waterfront residence, private retreat, or luxury family compound. Nestled at the end of a quiet street, the property features approximately 165 feet of direct frontage on St. Andrews Bay, providing breathtaking panoramic water views, mature oak trees, and a level of privacy seldom found in such a sought-after location. Enjoy direct access to the bay and Gulf waters for boating, fishing, paddleboarding, and endless outdoor recreation, all from your own backyard. A dock permit has already been issued for reconstruction of the existing dock, including a 332-foot walkway, three 38-foot finger piers, and a 14' x 38' covered boat slip with lift. This exceptional setup offers ample space for multiple vessels and creates the ultimate waterfront lifestyle. Imagine departing from your private dock for a family excursion to Shell Island, an afternoon on the water, or an early morning chasing redfish across the nearby flats. Perched at a high elevation, the property offers stunning sunset views over the bay, creating a spectacular backdrop for everyday living. Despite its peaceful, secluded setting, the homesite is just minutes from the shops, restaurants, marina, and vibrant atmosphere of Historic St. Andrews, with convenient access to Downtown Panama City and the white-sand beaches and emerald waters of the Gulf Coast.

3333 W 14th Street, Panama City
00 Frankford Avenue, Panama City
$3,399,900
753662 MLS
Nice Development parcel with approx 650' on Frankford Ave and approx. 300' on Airport Rd. Currently zoned R-1 Residential, Seller will cooperate with any development orders re-zoning needed for mixed use. This property is adjacent to the Sweet Bay Development with approx 1260' joining Sweet Bay Property. This property is accessible from Frankford as well as Airport Rd.

00 Frankford Avenue, Panama City
5944 Gulf Drive, Panama City
$3,299,000
6 Beds ⋅ 7 Baths ⋅ 796359 MLS
Within Hadley's Beach, an intimate Gulf-front community of just 26 residences in Panama City Beach, 5944 Gulf Drive is a new construction coastal residence by Thor Construction, thoughtfully designed around scale, craftsmanship, and life near the Gulf. Spanning 4,747 square feet with six bedrooms and six and a half baths, the home balances sophisticated gathering spaces with private retreats, creating a setting equally suited to everyday living, extended stays, and time shared with family and guests. The interiors are defined by craftsmanship rather than excess. Thoughtful proportions, elevated finishes, and natural transitions between spaces create an easy sophistication throughout the home. At its center, the kitchen brings form and function together with custom cabinetry, premium appliances, an expansive island, and a layout designed to keep the kitchen connected to the surrounding living areas. Throughout the residence, private and shared spaces have been carefully considered. The third-floor primary suite offers a more secluded retreat within the home, while additional bedrooms provide comfortable accommodations for family and guests. A generously scaled bunk room, featuring a custom king bunk and two twin bunks, adds flexibility and architectural character while maintaining the refined aesthetic carried throughout the residence. Outdoor living extends into the fenced backyard, where Gulf breezes and an outdoor shower reflect the ease of the coastal setting. Hadley's Beach is intentionally limited in scale, with 16 Gulf-front and 10 first-tier residences, creating a more intimate residential environment along Panama City Beach's white-sand shoreline and emerald waters. What distinguishes 5944 Gulf Drive is the combination of new construction, thoughtful architecture, and a Gulf-oriented setting within a limited collection of residences. For buyers searching for a luxury new construction home in Panama City Beach, a second home near the Gulf of Mexico, or a spacious coastal residence designed for family and guests, 5944 Gulf Drive delivers a compelling balance of design, livability, and location within Hadley's Beach.

5944 Gulf Drive, Panama City

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