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2515 E 15th Street, Panama City
$1,825,000
774127 MLS
4.5+/- acres available. This listing is for two parcels- 14605-000-000 and 14606-000-000. Zoned C3-A which is very flexible zoning and provides opportunity for investment and financial gain. C3-A Zoning encompasses all the uses of C1 and C2 which include (but are not limited to): Retail, Transportation, Warehouses, even Waste Management (the only type of warehousing not allowed is refrigeration products and like-kind refrigeration storage), maximum building height allowed is 100 feet. See photos for diagram of the types of warehouses. Four (4) 9100 square foot warehouses, and One (1) 7215 warehouse. 43,615 total square feet for warehouses. Ample room for driveways, water retention, and parking. There is a 2186 square foot home that can be remodeled (for renting or use it as a home for management or property oversight) or demolished to provide more room for parking and/or an additional warehouse. There is an option to demolish the current granite retail store fronting 15th Street, or convert it to your own retail space. You can even utilize the retail space as a check-in for management if you decide to build a storage facility. The Boot Store was sold and is not included in the 4.5+/- acres. Setbacks are: 25 feet off 15th Street and 5 feet off the sides. Commercial properties are to the east and west of this property.

2515 E 15th Street, Panama City

1900 Northside Drive, Panama City
$1,800,000
796463 MLS
Great Commercial development opportunity. This premier location is zoned GC-2. The parcel is 9.08 acres with 830' of road frontage on west 19th Street and 480' on Northside Drive. The ENVIRONMENTAL RESOURCE PERMIT has been issued (FDEP No. 0278696-010-EM/03), which means the site is design ready with Stormwater Engineering and Wetland Delineation completed. The convenient location and zoning make the property ideal for medical or professional offices, retail or service providers in need of warehouse space and a lay-down yard, educational institution, or health care/surgery facility. This parcel can also be subdivided into five individual lots each with a minimum 150' of road frontage on west 19th Street. The attached photos include a drawing that illustrates the entire parcel and how it can be subdivided. Note each lot has a designated impact envelop and conservation area. The seller will consider a Joint Venture opportunity with an approved project.

1900 Northside Drive, Panama City

551 Harrison Avenue, Panama City
$1,800,000
776396 MLS
This solidly constructed, three-level commercial building offers a versatile open floor plan suitable for a variety of uses. The building is approximately 30,000 Sq Ft. It features two convenient entrances to the main floor--one with direct access from Harrison Avenue and the other is the alley way from Grace Avenue--providing flexibility for both customer and operational flow. There is also an additional front entrance on Harrison Avenue that goes to the stairway to go to the top floor, this would be great for multi business use. Public parking is readily available along Harrison Avenue, with additional public parking spaces located at the rear of the building, as well as a public parking lot at the end of Harrison Avenue and Old Business 98. The property is also equipped with a freight elevator.. This building is full of potential, schedule your showing today to own a building in Downtown Panama City.

551 Harrison Avenue, Panama City

1117 S Tyndall Parkway, Panama City
$1,750,000
769417 MLS
outstanding parcel in a rapidly growing corridor. The parcel offered is 4 acres, however seller can also add 3 acres of adjoining additional uplands to the east. Bay County Parcel ID: 07202-010-000 and 07208-000-000; located in City of Callaway; The site is located directly on South Tyndall Parkway 400 feet frontage, reserving a 50' access easement in the NW corner. The Avg Daily Traffic Count 20,400 vehicles per day (2025); This site is 3.3 Miles to Tyndall Air Force Base visitor center. The influx of defense-related projects and economic development initiatives has propelled the entire community into a period of unparalleled growth. With one-third of the region's economy anchored in the defense industry, the demand for both housing and support businesses has surged, presenting investors with a solid opportunity for returns. Air Force Base of the Future: Tyndall Air Force Base's transformation into the 'Base of the Future' signifies a monumental leap forward in defense infrastructure. With the Air Force's commitment to bed down three F-35 fighter squadrons and the addition of 400- 600 +/- military jobs per squadron and additional support personnel for support functions, traffic count and the need for increased services should continue to grow. The Bay Economic Development Alliance continues to win commitments by new and expanding industry. Recently, the $175MM capital investment in 'Project Spinner' IAG Aero Group brings 500 new aviation-related jobs to Spark Economic Growth, 160,00 SF of facilities, and a 350-acre acquisition north of the airport. Premier Aviation, a new MRO (Maintenance Repair Operation) will refurbish CRJ aircraft and Mocama Marine LLC establishes a boat manufacturing operation; Port Panama City welcomed a new 251,000 square-foot FedEx Ground facility at the Industrial Distribution Center on Highway 231, Borusan Berg Pipe announced a $68MM expansion, Voltari Electric, Canada based co. announced 285 jobs & $38M investment... and continued interest by significant employers.

1117 S Tyndall Parkway, Panama City

13310 Front Beach Road, Panama City
$1,749,000
6 Beds ⋅ 6 Baths ⋅ 792563 MLS
One of just two attached townhomes on Front Beach Road in Panama City Beach, this newly built three-story residence is offered fully furnished and turnkey, living entirely on its own -- a private entrance, a private fenced pool, and dedicated paver parking. It stands directly across Front Beach Road from the sugar-white sand and emerald Gulf, with two public beach accesses only a short walk away. Gulf views open from the main living level and the top-floor primary suite, and a private elevator serves all three floors. The living level is anchored by a designer kitchen -- white shaker cabinetry, a quartz waterfall peninsula, premium stainless appliances, and a statement tile backsplash -- flowing into a generous dining area and a Gulf-view balcony made for sunset. One floor down, a dedicated game room with a pool table, air hockey, foosball, and a wet bar opens to the backyard, where a private pool and paver sun deck sit alongside an outdoor kitchen and grill. Upstairs, the third-floor primary is a private retreat: a king suite with its own Gulf-view balcony, a spa-inspired bath in marble-look tile, a dual vanity, and a walk-in closet. Bedrooms on every level -- several with two beds, plus a children's bunk room -- welcome large groups with ease. Just minutes from M.B. Miller Pier, Pier Park, and Topgolf -- a standout primary home, second residence, or Gulf-view investment in Panama City Beach. Set over three floors with nine-foot ceilings and wide-plank wood-look flooring, the layout keeps a full level of living between the entry and the bedrooms above. On the ground floor, the recreation room opens to the fenced backyard and is served by a full bath, while a guest bedroom with ensuite bath, a spacious home office, and a second laundry room finish the level. The middle floor gathers the open kitchen, dining, and living, with two more bedrooms and a powder bath positioned for guests. The uppermost floor belongs to the primary suite, alongside two additional bedrooms, a full laundry room, and a wet bar just outside the suite. By the pool, lounge seating and alfresco dining complete the fenced deck, and dedicated parking holds four vehicles.

13310 Front Beach Road, Panama City

4109 Choctaw Street, Panama City
$1,695,999
4 Beds ⋅ 4 Baths ⋅ 787149 MLS
HEATED POOL- STEPS TO BEACH Last years rental income in the high $90 and this year is on its way to over $100K Ideal as a beach rental or second home, this stunning property offers the perfect blend of comfort and coastal charm. Located just moments from beach access, it features a private fenced-in pool and two owner's suites for ultimate convenience. Upstairs, the primary owner's suite boasts balcony access, a tile shower, granite countertops, and a double vanity. The second level also includes a bunk room, two additional King-sized bedrooms, and a shared bath. Downstairs, the open-concept living and dining area creates a welcoming space for gatherings. The kitchen overlooks the living room and features granite countertops, a large island, stainless steel appliances, and crisp white cabinetry. The first-floor owner's suite provides added flexibility, while French doors lead from the living area to a covered patio, private pool, and outdoor shower—perfect for enjoying the coastal breeze. Don't miss out on this incredible beachside retreat!

4109 Choctaw Street, Panama City

401 & 405 Massalina Drive, Panama City
$1,658,000
10 Beds ⋅ 8 Baths ⋅ 792227 MLS
ATTENTION!! 3 SEPARATE STRUCTURES, 2 SEPARATE PARCELS, 1 AWESOME PRICE!! Zoned for short term and long term rental. Waterfront on Massalina Bayou! Main House: Amazing 3-bedroom 2-bath with den/office *new construction*. Gorgeous views from covered porches on both floors. First floor has open kitchen with Forno Italian stainless appliances, large Island, gas stove, double door refrigerator w/ice maker and wine cooler. Living/dining walk out large sliding doors to covered porch, outdoor Thor stainless summer kitchen and pool/bayou views. Master bedroom and master bath with large custom shower, double vanity sink and walk in closet. Second floor open family room, den/office, large sliding doors to walk to walk out to covered porch overlooking pool/bayou. Two additional bedrooms and one bath. So much to offer with beautifully designed tile flooring throughout, tankless water heater and extra storage. 401 Massalina Drive is under a lease for 5 months with potential for 2 month extension. $3600 per month and includes utilities and pool service. 405 Massalina Drive: Carriage House plus Quadplex/Fourplex: $7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month; Total income = $7100 per month or $85,200 per year. New custom landscaping and pool to relax and enjoy. Beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities.

401 & 405 Massalina Drive, Panama City

6716 Gulf Drive, Panama City
$1,650,000
6 Beds ⋅ 4 Baths ⋅ 786026 MLS
Prime Gulf-View Coastal Retreat Perfect vacation rental, second home, or permanent residence, directly across from private Beach Access #13 in an exclusive neighborhood blending year-round residents, luxury retreats, and elite rentals. This 6BR/4BA block home with HardieBoard siding spans 2,700+ sq ft, sleeps 18 comfortably, and delivers turnkey rental income. Open-Concept Luxury Living Stunning professional décor highlights an expansive great room with 18ft beamed ceilings, wood-burning fireplace, and seamless flow from living to dining to well-appointed kitchen. Granite countertops, steel-blue cabinetry, and stainless-steel appliances elevate meal prep, while French doors from the Florida room open to a resort-style outdoor oasis. Outdoor Entertaining Paradise Cedar pergola shades a large dining table, bubbling Hot Tub, and breezy seating - ideal for Gulf-breeze grilling on the gas BBQ amid family gatherings. Fenced yard, dual outdoor showers, and abundant parking complete the private outdoor haven, just steps from the sand. Spacious Bedrooms and Suites On the main level, accommodations include a private 1st-floor primary suite, offering canopy queen bed, sleeper sofa, and full bath. Additionally, a 1st guest bedroom with king bed, 2nd bedroom with queen bunk bed connected via Jack & Jill bath. The 3rd and 4th bedrooms, each with queen beds are also linked by their own Jack & Jill bathroom. This home sleeps up to 18 guest comfortably. The spiral staircase and modern railings lead to a private suite on the 2nd floor which features a jetted garden tub, large walk-in shower, and private balcony to enjoy the sunrise, sunsets and gulf views. Additional Features Fully furnished, rental ready, plenty of parking, 2 outdoor showers, HOT TUB, outdoor seating, fenced yard, tiled floors on entire 1st level, laundry room, block house with Hardieboard siding, connected to the city sewer, roof was replaced in 2019, (two HVAC systems, two water heaters and kitchen appliances were replaced in 2018), steps away from the beach.

6716 Gulf Drive, Panama City

1522 Trout Lane, Panama City
$1,649,000
3 Beds ⋅ 3 Baths ⋅ 792012 MLS
Welcome to the coastal life! Come experience some of the best waterfront views in all of Bay Point! Situated on a premier waterfront homesite with approximately 149 feet on one of the widest sections of the canal, this beautiful property offers panoramic water views. This is the perfect setting for the ultimate coastal lifestyle, where you can keep your boat at your backdoor and be ready to go fishing and boating at a moment's notice. Enjoy the large waterfront deck and sparkling pool, where you'll spend countless hours relaxing, entertaining, and taking in the incredible canal views. This spacious home features over 3,300 square feet, 3 bedrooms, and 3 full baths all on one level for easy living. The expansive primary suite is a private waterfront retreat with a sitting area, oversized walk-in closet, and en-suite bath. Each of the two additional bedrooms offers its own private bath, providing comfort and privacy for family and guests. The open-concept floor plan is ideal for entertaining, featuring views from literally almost everywhere, tons of natural light, generous living spaces and entertainment spaces as well as a built-in bar, making this home perfect for hosting and enjoying family and friends. Located within the prestigious gated community of Bay Point, residents enjoy world-class amenities including the Jack Nicklaus Championship Golf Course, a full-service marina, on-site restaurant and bar, and 24-hour gated security. You are ideally located and convenient to St Andrew's State Park, white sandy beaches, grocery, shops and restaurants and more. This is a rare opportunity to own a home on a premier waterfront homesite in Bay Point. Call today and make this your next home!

1522 Trout Lane, Panama City

000 Plantation Drive, Panama City
$1,635,200
3 Beds ⋅ 3 Baths ⋅ 787114 MLS
Home to be built. Open and comfortable, casual yet elegant, The Bella Vista, an AR Homes floor plan is designed to make everyone feel like a member of the family. The kitchen is at the heart of it all with island seating, a walk-in pantry, and sight lines to the great room, dining room, and glass-door-walled outdoor spaces. Owner's suit, Two bedrooms and a large bonus room line the length of the home, while the private owner's suite offers peaceful indulgence. The Bella Vista Features: Main living area with 10' tray ceilings opens to covered lanai via pocketing sliding glass doors, bedroom, one adjacent to full bath, both with walk-in closets Den in front of home can function as additional media room, office, and quiet space Bonus room in back corner of home offers easy access to cabana for indoor/outdoor entertaining This home can be customized to suit your needs and preferences. Lot preparation - clearing extra fill dirt or foundation (if needed) is not included in the base price, outdoor kitchen, pool and screen enclosure are optional. To purchase the lot only - see listing #786835 Build your dream home on this beautiful 1.49-acre waterfront lot with direct access to the water and the relaxed Florida lifestyle you've been waiting for. Located on the scenic shores of Callaway Bayou, this property offers protected, boatable water that connects to the Gulf Intracoastal Waterway, leading out to St. Andrews Bay, Shell Island, and the open waters of the Gulf of Mexico. Just imagine pulling your boat right up to your future home--simply bring your own dock and start enjoying life on the water. This rare waterfront parcel offers approximately 1.49 acres of space to design and build the custom coastal home you've always envisioned. With no HOA, you have the freedom to create your own private retreat while enjoying the peace and beauty of the bayou. Conveniently located just minutes from Tyndall Air Force Base, along with shopping, restaurants, and schools, this property offers the perfect blend of tranquility and accessibility. Opportunities like this don't come along often--secure your piece of waterfront paradise and start living the true Florida coastal lifestyle.

000 Plantation Drive, Panama City

4421 Thomas Drive Unit 202, Panama City
$1,599,000
3 Beds ⋅ 3 Baths ⋅ 786629 MLS
St. Andrews Park Place - Experience exceptional coastal living in this highly sought-after private residence ideally located on the quiet east end of Panama City Beach. Situated adjacent to St. Andrews State Park, one of Florida's premier natural preserves, this condominium enjoys a setting known for pristine beaches, emerald waters, abundant wildlife, and some of the area's best outdoor recreation. Whether you enjoy kayaking, fishing, paddleboarding, or simply relaxing along an uncrowded shoreline, this location offers a lifestyle that is difficult to match. Inside, the condominium features a comfortable layout, remodeled in 2019, ideal for full-time living or a second home. Step outside your door and you are just moments from the sand, the Gulf, and the scenic beauty that defines the east end of Panama City Beach. This west-facing residence also offers beautiful sunset views and one of the most desirable locations on the beach--combining convenience, natural surroundings, and strong long-term value. This is a non-rental property.

4421 Thomas Drive Unit 202, Panama City

810 E 25th Street, Panama City
$1,500,000
791716 MLS
Turnkey Multi-Family Investment Opportunity - 8 Units in the Heart of Panama City Exceptional opportunity to own four duplexes consisting of eight total units, each featuring 2 bedrooms and 2 bathrooms, ideally located in central Panama City with convenient access to shopping, dining, schools, medical facilities, and major roadways. Following Hurricane Michael, these properties were taken down to the concrete block walls and studs and completely rebuilt, offering the benefits of modern construction and major system upgrades throughout. Improvements include: New roofs New PVC plumbing from fixtures through the slab and out to the exterior PEX water lines throughout Spray foam insulation on the roof deck for enhanced energy efficiency New HVAC systems and ductwork New appliances All new sheetrock New plumbing fixtures New lighting fixtures New electrical service and wiring New flooring throughout Indoor laundry rooms in every unit Strong Income-Producing Asset Monthly Gross Income: $12,000 Annual Gross: $143,700 All eight units are currently leased, making this a true turnkey investment with immediate cash flow and minimal deferred maintenance. Opportunities to acquire a fully renovated, stabilized multi-family portfolio in this location are rare. Whether you're expanding your rental portfolio or seeking a high-demand income property, this offering checks all the boxes

810 E 25th Street, Panama City

3536 Preserve Boulevard, Panama City
$1,500,000
790539 MLS
Welcome to 3536 Preserve Boulevard, an exceptional waterfront homesite tucked inside the exclusive gated community of The Preserve in Panama City Beach. Offering an impressive 100 feet of waterfront frontage, this rare lot provides the perfect canvas to design and build your custom dream home while enjoying breathtaking water views and the peaceful privacy this premier neighborhood is known for. Imagine waking up each morning to stunning sunrises over the water, enjoying serene evenings from your future back porch, and having direct access to the beauty and tranquility of waterfront living. With ample space to create the ultimate coastal retreat, this lot offers endless possibilities for a luxury residence designed to fit your lifestyle. Located within one of Panama City Beach's most desirable gated communities, The Preserve offers an ideal blend of natural beauty, privacy, and convenience. You'll enjoy a quiet, upscale setting while still being just minutes from the white sandy beaches of the Gulf, world-class dining, shopping, entertainment, and everything Panama City Beach has to offer. Opportunities like this are hard to find -- 100 feet of pristine waterfront in a gated community, ready for your vision to come to life. Build the dream home you've always imagined at 3536 Preserve Boulevard and experience the very best of coastal waterfront living.

3536 Preserve Boulevard, Panama City

Hwy 231, Panama City
$1,500,000
785492 MLS
Opportunities like this don't come around often. This expansive ±93-acre tract offers a rare chance to secure a large footprint along a well-traveled corridor with substantial frontage and outstanding visibility. With the majority of the property currently zoned for commercial use, the groundwork is in place for a wide range of potential development concepts, investment strategies, or long-term holds. The acreage stretches deep, providing flexibility for phased projects, mixed-use possibilities, or strategic land banking. Portions of the property may include low-lying areas or natural features, offering character and potential for creative site planning. Buyers are encouraged to conduct their own feasibility studies, surveys, and due diligence regarding zoning, wetlands, utilities, and intended use. Positioned near established residential pockets and growing activity, this location offers both accessibility and room to build something significant. Whether you're looking to expand your portfolio, develop at scale, or secure a prime piece of land in a path of growth, this is a tract that demands attention. Large acreage. Strong exposure. Serious potential.

Hwy 231, Panama City

5835 N HIGHWAY 231, Panama City
$1,500,000
627303 MLS
3.25 ACRE SUPER SITE AT HIGHWAY 231 AND STAR AVENUE WITH 194 FEET ON HIGHWAY 231. THE SITE HAS BEEN CLEARED AND FILLED, READY FOR DEVELOPMENT! A median cut and traffic light provide direct access to this HIGH TRAFFIC-HIGH VISIBILITY SITE from Highway 231 and Star Avenue. The traffic count on Highway 231 is 28,000 (FDOT - 2019) and 9,000 on Star Avenue (FDOT - 2019). Also providing traffic to the site is John Pitts Road 4,300 (FDOT - 2019). Water and Sewer Available (Bay County). Commercial C-3 Zoning (Bay County). HIGHWAY 231 IS THE PRIMARY NORTH-SOUTH ARTERY TO ALL RESIDENTIAL AREAS IN THE MARKET, AS WELL AS, TO I-10, ALABAMA, GEORGIA AND DOWNTOWN PANAMA CITY. STAR AVENUE ALSO PROVIDES THE PRIMARY ACCESS TO THE LARGEST RECREATIONAL COMPLEX IN THE CITY, H.G. HARDER'S PARK.

5835 N HIGHWAY 231, Panama City

3532 Treasure Circle, Panama City
$1,499,000
4 Beds ⋅ 3 Baths ⋅ 795278 MLS
DIRECT GRAND LAGOON WATERFRONT + GULF ACCESS. TO BE BUILT: $1,499,000 land + proposed home package. Elevated waterfront residence offers approximately 2,880 SF heated/cooled, 3 bedrooms plus office/flex 4th bedroom, 3 baths and approximately 528 SF of covered outdoor living. Pricing, specifications, finishes, plans and construction costs subject to final builder contract, engineering, permitting and buyer selections. Build the waterfront lifestyle instead of trying to find it already built. Architectural plans and renderings are included. This cleared 0.13-acre homesite offers approximately 48 feet of Grand Lagoon frontage, an existing seawall, approximately 180' dock, public sewer availability and NO HOA. STR allowed and golf cart to the beach or to many popular local restaurants, the marina, and attractions within minutes. The open living, dining and kitchen areas are positioned around the water, with generous covered porches designed to extend the living space toward Grand Lagoon. An elevated coastal design also creates valuable covered space below while maximizing views from the primary living level. Significant waterfront infrastructure is already in place. The property is cleared and includes an existing seawall and approximately 180' dock, giving a future owner direct access to the lagoon while planning and building. From here, enjoy protected boating waters with access to St. Andrews Bay, Shell Island and the Gulf, along with waterfront restaurants, marinas and the best of the Panama City Beach boating lifestyle just minutes away. Whether envisioned as a full-time waterfront residence, second home or potential vacation-rental property subject to applicable regulations, this site offers the increasingly rare opportunity to build new around the lifestyle you actually want instead of renovating somebody else's version of it. Architectural plans and renderings are provided for informational and visualization purposes. Buyer to independently verify current plan suitability, zoning, setbacks, permitting, flood/elevation requirements, utilities, construction costs, dock and seawall condition/permitting and all intended uses. Seller is a licensed Florida real estate agent.

3532 Treasure Circle, Panama City

5516 Gulf Drive, Panama City
$1,499,000
4 Beds ⋅ 4 Baths ⋅ 794031 MLS
First time to hit the market, 4 bedroom(plus bunk room) RENTAL POWERHOUSE on the highly sought after East End. One home off the water on a stretch of beach not overrun with condos. Owners, investors and tourists/guests LOVE this area for that exact reason. Schooners is on Gulf Dr- a 6 min walk, St Andrews State Park is 1 mile away, and the some of the beach's very best restaurants are concentrated in this Lower Lagoon area. Not to mention the sandy white beach directly across from this home. There's a King master ensuite on the first floor along with the kitchen, dining and living area, the laundry room and a half bathroom. Off of this is a door leading to an outdoor oasis. A heated optional pool with a lounge area and high top dining area. Upstairs is an additional Master King ensuite with a large balcony with views of the Gulf, 2 more bedrooms, bathroom and a bunkroom rounds out the upstairs area. This home has a strong rental history and great reviews. It's being sold furnished. Its sister property, identical in layout, 2 doors down is listed for sale as well.

5516 Gulf Drive, Panama City

5500 Gulf Drive, Panama City
$1,499,000
4 Beds ⋅ 4 Baths ⋅ 794028 MLS
First time to hit the market, 4 bedroom(plus bunk room) RENTAL POWERHOUSE on the highly sought after East End. One home off the water on a stretch of beach not overrun with condos. Owners, investors and tourists/guests LOVE this area for that exact reason. Schooners is on Gulf Dr- a 6 min walk, St Andrews State Park is 1 mile away, and the some of the beach's very best restaurants are concentrated in this Lower Lagoon area. Not to mention the sandy white beach directly across from this home. There's a King master ensuite on the first floor along with the kitchen, dining and living area, the laundry room and a half bathroom. Off of this is a door leading to an outdoor oasis. A heated optional pool with a lounge area and high top dining area. Upstairs is an additional Master King ensuite with a large balcony with views of the Gulf, 2 more bedrooms, bathroom and a bunkroom rounds out the upstairs area. This home has a strong rental history and great reviews. It's being sold furnished. Its sister property, identical in layout, 2 doors down is listed for sale as well.

5500 Gulf Drive, Panama City

5333-5345 Cherry Street, Panama City
$1,490,000
790023 MLS
Introducing an exceptional investment opportunity featuring a newly constructed 5-plex built in 2025, offering modern design, strong income potential, and low-maintenance ownership. Even better, the entire development is fully occupied with long-term tenants already in place, providing immediate income and a true turnkey investment opportunity from day one. Each spacious unit features 3 bedrooms, 2 bathrooms, approximately 1,677 square feet, and an attached 1-car garage, creating an ideal setup for stable long-term rental demand and strong occupancy potential. These thoughtfully designed units showcase upscale finishes throughout, including oversized open-concept living spaces, luxury vinyl plank flooring, recessed lighting, modern fixtures, and beautifully appointed kitchens with custom cabinetry, stainless steel appliances, oversized islands, and warm butcher block countertops. The bathrooms offer a high-end contemporary feel with custom vanities, designer lighting, vessel sinks, designer mirrors, and stunning tiled walk-in showers with frameless glass enclosures. Built with today's renter in mind, each residence offers spacious layouts, modern coastal-inspired exteriors, private garage parking, and stylish, durable finishes designed for long-term appeal and minimal upkeep. The property also features ample parking, attractive curb appeal, and a clean, modern aesthetic that sets it apart from typical multifamily offerings. Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or secure a high-performing multifamily asset, this fully leased, turnkey development offers a rare opportunity to own a brand-new income-producing property with immediate cash flow and modern construction advantages.

5333-5345 Cherry Street, Panama City

2209 Thomas Drive, Panama City
$1,490,000
782932 MLS
This well-located commercial property, formerly a bank, offers a unique opportunity for office, restaurant, or retail use. The building features a solid, professional layout with excellent visibility, easy access, and ample parking—ideal for businesses seeking a high-profile location. Inside, the space offers generous square footage, open areas suitable for customer-facing operations, and multiple private offices or rooms that can be reconfigured to meet your needs. High ceilings, strong infrastructure, and an efficient floor plan make the property adaptable for a wide range of business concepts, from professional offices to dining or retail establishments. The former bank design provides added value with features such as a welcoming lobby, secure areas, and durable construction, allowing for cost-effective conversion. Whether you're looking to establish a corporate office, medical or professional services, a restaurant, or a retail storefront, this property offers the flexibility and visibility to support your success. Endless possibilities in a proven commercial location.

2209 Thomas Drive, Panama City

1817 Bay Breeze Drive, Panama City
$1,490,000
777169 MLS
Waterfront Development Opportunity with Approved D.O in Place. Bay Breeze Shores is nestled along North Bay in the City of Lynn Haven. This waterfront property offers a rare opportunity for visionary developers and investors alike, with panoramic water views and wildlife to observe, this is an ideal site for an exclusive multifamily community. Conveniently located half a mile to Highway 77 for easy access to Downtown City of Lynn Haven's Restaurants and parks, as well as 15 miles to Northwest Florida Beaches International Airport. The Amenities surrounding this property are endless. Leslie Porter Wayside Park for that Beach-Like feel is only 1 mile. Plenty of Family Fun activities such as boating, fishing or relaxing in the sun. This property's unique location makes it suitable for various types of developments such as an upscale Waterfront Residential or a Resort Style Rental Community. Zoned High Density Residential with an Approved Development Order for 38 units on 2.92 acres. There is an additional .82 acre Out-parcel available for expansion. Dock & Seawall permits in place giving this property direct access to the Gulf by boat. Entire Property is High and Dry. Infrastructure permits have been started.

1817 Bay Breeze Drive, Panama City

6323 Thomas Drive Unit 501A, Panama City
$1,450,000
3 Beds ⋅ 2 Baths ⋅ 787486 MLS
Discover Luxury at 6323 Thomas Drive Unit 501, Summerwinds Condominium. Escape to this exclusive beachfront paradise in Panama City Beach's premier non-rental gated community. This stunning 5th-floor end unit in the East Tower offers 3 bedrooms, 2 baths, and 2,400 sq ft of living space with forever Gulf views. Perched directly on pristine beaches, Unit 501 delivers sweeping sunrise and sunset vistas from the open living area, master suite, and expansive wraparound balcony. The private, secure Summerwinds community ensures tranquility with no rentals allowed, perfect for personal retreats or primary residences. The gourmet kitchen boasts quartz countertops, custom cabinets, tile backsplash, and a large bar for effortless entertaining. Contemporary lighting and new flooring throughout, elevating everyday luxury. Unwind in the Gulf-front master with a large walk-in closet, dressing room, oversized tub, double vanity, and separate shower. Enjoy two Gulf-front pools (one heated seasonally), a clubhouse, beachfront pavilion, fitness center, and private enclosed garage.

6323 Thomas Drive Unit 501A, Panama City

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