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3533 W Highway 98, Panama City
$1,174,999
795696 MLS
Rare opportunity to acquire a 14-unit multifamily property positioned directly along W Hwy 98 in Panama City, offering an established income producing asset in a highly visible and strategically located corridor. With approximately 42,250 vehicles traveling this segment of W Hwy 98 daily, and updates from 2021 including new electrical, sewer and water lines, windows, doors, drywall, trusses and roof, the property benefits from exceptional exposure and convenient connectivity throughout Panama City and the surrounding Bay County market. Located in the historic St. Andrews area, this property places residents within easy reach of everyday necessities, restaurants, shopping, employment centers, schools, recreation and major transportation routes. The surrounding area provides convenient access to the Port of Panama City, Gulf Coast State College, Florida State University-Panama City, downtown Panama City, the Hathaway Bridge and the beaches of Panama City Beach. For residents, the location offers the convenience of being close to work, education, dining and entertainment, while investors benefit from the property's established multifamily use and proximity to major demand drivers throughout the Panama City market. Lucille Moore Elementary School is approximately 0.2 miles away, with Jinks Middle School approximately 2.5 miles and Bay High School approximately 2.9 miles from the property. The property's history as a multifamily asset dates back to its construction in approximately 1970, reflecting its historic operation as Bay Villa Apartments. Whether you're looking to add an established multifamily asset to your portfolio, or capitalize on the continued demand for housing in the Panama City/St. Andrews area, 3533 W Hwy 98 presents a unique opportunity to own a sizable multifamily property along one of the area's most traveled corridors. Buyer to independently verify all measurements, zoning, permitted uses, unit configuration, financials, traffic counts, and other property information deemed important to buyer. All financial information is approximate, provided by owner.

3533 W Highway 98, Panama City

2135 E 5th Street, Panama City
$1,150,000
786953 MLS
388' OF PRIME HWY 98 FRONTAGE • 1.26 ACRE CORNER LOT • FLEXIBLE MIXED-USE ZONING - Position your business on one of Panama City's most visible commercial corridors! Located directly on Business Hwy 98 (E 5th Street) with an AADT of 19,300 vehicles, this 1.26-acre corner property offers an impressive 388' feet of prime highway frontage, providing exceptional visibility, accessibility, and marketing exposure. The fully fenced in property allows two convenient access points for ingress and egress, making the property ideal for customer access, deliveries, and operational logistics. Zoned as Neighborhood Downtown (ND), this flexible mixed-use zoning designation allows for a broad range of potential commercial, residential, and mixed-use development opportunities (more information in document section). The property features roughly 6,200 square feet of total building space, including the main operational building with a reception area, two offices, three bathrooms, and a spacious 52'5'' x 32' open sewing and multi-purpose workspace. The building also includes a 43' x 44' receiving and logistics area, currently unfinished but fully equipped with its own HVAC system and two roll-up doors, offering flexible space for storage, production, or distribution operations. In addition, the property includes a separate 1,500-square-foot heated and cooled welding workshop, also equipped with roll-up doors, providing a functional workspace suitable for fabrication and mechanical uses. *Newer HVACs on site and a 2019 metal roof. Located within the Millville Downtown District and just minutes from the revitalized Downtown Panama City waterfront, the property lies within a Community Redevelopment Agency district (CRA), providing potiental incentives and grant programs that may support property improvements or redevelopment. The established business currently operating on the property, is also available for purchase in conjunction with the property; however, the business valuation is separate from the advertised real estate price. Bob's Top Shop is a well-established custom awning and canvas fabrication business with deep roots in Panama City, known for producing high-quality commercial and residential awnings, marine canvas, and specialty products throughout NW Florida. With decades of brand recognition, repeat clientele, and strong community relationships, this presents a rare opportunity for an owner-operator, contractor, or investor seeking a respected local brand with continued growth potential. Whether you're interested in acquiring the property as a ready-to-go operation or exploring the many development possibilities for your own business, this highly visible and strategically positioned site offers endless opportunities. Don't wait, schedule your showing today! Parcels 22284-000-000 & 22704-000-000 being sold together. Buyer to verify all measurements.

2135 E 5th Street, Panama City

109 Dragon Circle, Panama City
$1,149,000
5 Beds ⋅ 5 Baths ⋅ 795021 MLS
Experience elevated golf course living at 109 Dragon Circle, ideally positioned along the 8th green and 9th tee box of the prestigious Nicklaus Golf Course in Dragon's Ridge, the newer gated section of Bay Point in Panama City Beach. This beautifully updated residence blends refined finishes, generous living spaces, and resort-style outdoor living in one exceptional setting. Inside, an impressive, oversized kitchen island anchors the open entertaining space, complemented by updated bathrooms, flooring, and fresh interior and exterior paint. Spacious rooms and thoughtfully designed gathering areas create an effortless flow for both everyday living and entertaining. Outdoors, a private pool and hot tub overlooking the golf course create a true backyard retreat. The recently resurfaced pool, expansive outdoor space, three-car garage, oversized driveway, and park directly across the street further enhance the home's appeal. Bay Point offers a lifestyle unlike any other, with the Nicklaus Golf Course, Point South Marina, Gulf access, community boat launch, dining, playgrounds, and more just moments away. Whether enjoying an afternoon on the course, boating the Gulf, or relaxing poolside, 109 Dragon Circle delivers luxury coastal living in one of Panama City Beach's most desirable gated communities.

109 Dragon Circle, Panama City

5717 Thomas Drive Unit A164, Panama City
$1,125,000
3 Beds ⋅ 3 Baths ⋅ 797046 MLS
EXTREMELY RARE BEACHFRONT OPPORTUNITY AT LARGO MAR! Opportunities like this don't come around often! Welcome to Largo Mar, a gated, low-rise beachfront community where the beach is quite literally your front yard. This stunning 3-bedroom, 2.5-bathroom, three-story condo offers over 1,800 square feet of beautifully remodeled living space and a beachfront experience that's hard to find. With only 20 units of this kind in the entire complex, and this being the ONLY one currently offered for sale, this is truly a rare opportunity to own something special. Step right outside your front door and onto the sugar-white sands of Panama City Beach. No elevators, no long walks, and no streets to cross--just the beautiful beach right outside your door! Unlike many beachfront condos, this property has NEVER been used as a rental and has been exceptionally well maintained. Completely remodeled from top to bottom, every detail has been thoughtfully updated, making this a truly turnkey coastal retreat. Even better, the condo is being sold fully furnished, including the washer and dryer, so all that's left to do is enjoy! Largo Mar offers fantastic amenities, including a community pool, hot tub, picnic areas, and outdoor grills, all within a gated beachfront setting. Whether you're searching for a personal beach getaway, a second home, or an investment opportunity, this one checks all the boxes. Rare floor plan, extensive renovations, and the beach literally at your doorstep--this is beachfront living at its finest!

5717 Thomas Drive Unit A164, Panama City

7505 Thomas Drive Unit 222B, Panama City
$1,100,000
2 Beds ⋅ 2 Baths ⋅ 796995 MLS
Welcome to En Soleil Resort, the pinnacle of luxury on Panama City Beach's stunning coastline. Unit 222W, located on the second floor of the west tower, provides breathtaking views of the resort's lagoon-style pool and unforgettable sunsets over the Gulf. This opulent 2-bedroom, 2-bath condo boasts a true dual master split floorplan, connected by a spacious balcony, offering unmatched privacy—widely considered one of the finest layouts on the beach. Elegantly designed with high-end furnishings, the condo features a fully equipped kitchen with stainless steel appliances, a wine cooler, and modern touches like central lighting, a Nest thermostat, and a full-size laundry area. Both master suites showcase Gulf views through brand new, impact-glass windows, king-size beds, private en-suite bathrooms, and direct access to the expansive balcony—perfect for outdoor dining and grilling in style. Unit 222W is further enhanced by premium perks, including the coveted #1 parking spot and an outdoor storage closet that can be leased for additional income. With fewer rental units available at En Soleil, this condo enjoys a strong rental revenue history, making it an outstanding investment opportunity. Guests can enjoy optional beach service (March-October) and the resort's unbeatable location, with easy access to world-class dining, shopping, golf, and more. Discover the ideal combination of luxury, privacy, and investment potential at En Soleil 222W.

7505 Thomas Drive Unit 222B, Panama City

436 Harrison Avenue Unit 400, Panama City
$1,100,000
794261 MLS
The rooftop of the Mashburn Building is available to purchase. Welcome to one of the most structurally impressive buildings in all of Bay County. The Mashburn Building was constructed entirely of poured concrete from foundation to roof, engineered with the strength and durability of a parking garage. In recent years, hundreds of thousands of dollars in additional steel reinforcement have been added to the structure, making it one of the strongest private buildings in the county. Now, the rooftop is ready for your big idea. The rooftop spans +/-6,000 square feet and includes two staircases and one elevator for easy access. The structure is strong enough to support multiple stories, allowing for additional concepts such as residential condos above a restaurant or bar. Preliminary concept plans have been developed for a rooftop restaurant and bar, and these are available for your use at no cost. They are designed to help you visualize the possibilities, though a licensed architect and structural engineer will need to finalize the plans to suit your concept. From this vantage point, you can take in one of the best views in the entire Florida Panhandle, a sweeping panorama that stretches from the Hathaway Bridge and Saint Andrews across downtown all the way to Thomas Drive, Front Beach Road, Tyndall Air Force Base, and Callaway. On a clear day, you can even see Tommy Oliver Stadium and Twenty Third Street. Photos simply cannot capture what it feels like to stand here in person. All major utilities required to operate a restaurant, bar, or additional residential units are already stubbed to the roof and ready for connection. There are no stormwater requirements, and no parking requirements are needed for this project. You can use the shared parking that downtown offers for you and your customers. A restaurant or bar here would be the crown jewel of our area. If executed with creativity and vision, this space could easily be featured in magazines across the southeast. This is your opportunity to create something iconic, an elevated destination that will redefine downtown Panama City's skyline and nightlife. The first floor commercial space will become -'Dat Cajun Pearl - Cafe' & Bar', an upscale New Orleans inspired restaurant brought by the owners of Dat Cajun Place.

436 Harrison Avenue Unit 400, Panama City

2901 W 17th Street, Panama City
$1,100,000
788783 MLS
High-Impact Commercial Opportunity | 9,000+ Sq Ft | St. Andrews Area - Panama City, FL Position your business for success with this rare, high-visibility commercial property in one of Panama City's most desirable and fast-growing areas. Offering over 9,000 square feet of heated and cooled space across three buildings, this property delivers the scale, flexibility, and location serious operators are looking for. Designed to support productivity and growth, the layout includes multiple private offices, conference rooms, and adaptable workspace, making it ideal for professional services, contractors, corporate headquarters, or expanding operations. What truly sets this property apart: Three-building configuration - operate multiple divisions or generate rental income Abundant on-site parking - accommodate staff, clients, and fleet vehicles with ease Detached outbuilding - perfect for storage, workshop, or support operations Gated storage yard - secure space for equipment, materials, or vehicles Turnkey functionality with room to scale Located just minutes from the heart of St. Andrews, this property puts you near established businesses, marinas, parks, and upscale dining--enhancing both client experience and employee satisfaction. Even better, Panama City Beach is less than 7 miles away, adding long-term value and appeal in a thriving coastal market. Opportunities like this are limited--secure a strategic commercial footprint in a high-demand area and take your business or investment portfolio to the next level.

2901 W 17th Street, Panama City

1108 W Beach Drive, Panama City
$1,099,000
783976 MLS
This is your opportunity to own a 1.17-acre, WATERFRONT estate-size homesite on iconic Scenic Beach Drive in Panama City, Florida with NO HOA! Perfectly positioned with stunning Bay views, this exceptional property spans street-to-street and includes two parcels extending down to the Bay, creating a truly unique setting for your future waterfront dream home. This size homesite in this location are not available often offering a unique blend of privacy with the homesite size and desirable location in between Historic St. Andrews and Downtown Panama City. With 132 feet frontage, this homesite provides a generous, buildable footprint ideal for an estate-sized home. Zoned R-1 for single family homes, the property is ready for your vision and allows flexibility in design without HOA restrictions. Deeded waterfront access further enhances the value and lifestyle appeal, making this one of the most desirable opportunities along Scenic Beach Drive. Ideally located between Historic St. Andrews and Downtown Panama City, this homesite places you at the heart of a vibrant coastal community. Enjoy walking or biking to local farmers markets, breweries, boutique shops, marinas, and a variety of dining options. Scenic Beach Drive is known for its bike-friendly streets, community events, parades, and classic waterfront charm. The waterfront lifestyle extends far beyond your backyard. Launch kayaks or paddleboards, anchor your boat for the day, enjoy a refreshing swim, or simply relax and take in the ever-changing Bay views. And when summer arrives, experience one of Scenic Beach Drive's most beloved traditions, Fourth of July fireworks over the Bay...best enjoyed from the comfort of your own home. With its rare size, premier location, Bay views, and no HOA, this estate-size homesite offers endless possibilities to create a custom waterfront retreat and fully embrace the Florida coastal lifestyle. Survey is available.

1108 W Beach Drive, Panama City

5407 Hopetown Lane, Panama City
$1,070,000
3 Beds ⋅ 4 Baths ⋅ 795076 MLS
A Coastal Sanctuary Where Luxury Meets Laid-Back Living. Welcome to a truly special home in Panama City Beach, where refined coastal living meets the tranquility of nature. Nestled within a beautiful gated neighborhood and ideally located near Grand Lagoon, pristine beaches, state parks, and an incredible selection of fine and casual dining, this exceptional residence offers the best of the area right at your fingertips--while providing a peaceful retreat to come home to. Thoughtfully designed with both comfort and entertaining in mind, this 3-bedroom, 3½-bath home offers an inviting open-concept layout with beautiful custom finishes throughout. The main level centers around a spacious living, dining, and kitchen area designed for effortless everyday living and gathering with family and friends. The luxurious primary suite is also located on the main floor, creating a private retreat complete with a beautifully appointed ensuite bath, custom tilework, custom cabinetry, and a generous walk-in closet. Upstairs, two spacious bedrooms each feature an attached full bathroom, offering privacy and comfort for family members or guests. A separate bonus room adds another level of enjoyment with a customized home movie theater, creating an incredible cinematic experience without ever leaving home. Step outside and the magic continues. Enjoy your morning coffee or an evening breeze from the inviting open front porch, or retreat to the screened porch overlooking the private dipping pool and expansive pavered outdoor space. Here, the setting becomes just as memorable as the home itself. Beyond the backyard lies a serene lake with a beautiful fountain, creating a picturesque backdrop that changes with the seasons. The surrounding landscape is home to an abundance of wildlife, including deer, herons, osprey, and turtles. It feels less like a backyard and more like your own private nature sanctuary--a place where you can slow down, reconnect with nature, and enjoy the beauty of the outdoors throughout the year. And when you're ready to explore. Spend the day at the beach, explore the nearby state park, enjoy the waters of Grand Lagoon, or discover the area's diverse dining and entertainment options. Adding to the appeal, the gated community prohibits short-term rentals, preserving the peaceful residential character of the neighborhood. This is a home designed for living well, it's beautifully appointed, wonderfully private, and surrounded by the natural beauty and coastal lifestyle that make Panama City Beach such a special place to call home. Come experience the sanctuary for yourself.

5407 Hopetown Lane, Panama City

523 Wahoo Road, Panama City
$1,050,000
4 Beds ⋅ 3 Baths ⋅ 790307 MLS
Canal-front living with direct Gulf access defines this exceptional home at 523 Wahoo Road in the gated Bay Point community of Panama City Beach. Set along a wide canal in one of the area's most established marina neighborhoods, this 4-bedroom, 3-bath residence offers approximately 2,820 square feet of thoughtfully designed coastal living with effortless boating convenience. The main living areas are oriented to showcase tranquil water views, with large windows and easy flow to the outdoor spaces. A spacious, open design connects both living rooms, the dining area, and the kitchen, creating an inviting layout ideal for everyday living and entertaining. Distinctive sunken living rooms add architectural character and warmth, providing comfortable gathering spaces with timeless appeal. The kitchen features generous counter space, abundant cabinetry, and a functional layout suited for everything from casual mornings to hosting family and guests. The privately situated primary suite captures canal views and offers ample closet space and an en suite bath designed for comfort and privacy. Three additional bedrooms and two full baths provide flexibility for guests, a home office, or additional living space, making this property well suited as either a primary residence or a coastal second home. Outdoor living is central to the appeal of this canal-front property. With direct access to the Gulf of Mexico, it is ideal for boating, fishing, and exploring the surrounding waterways. The waterfront setting offers room to relax, dine, and enjoy the peaceful canal views throughout the year. Located within Bay Point, a gated marina and golf community in Panama City Beach, residents benefit from controlled access, optional golf and tennis, nearby dining, and convenient proximity to local beaches, marinas, and area amenities. This combination of secure, established neighborhood setting and direct boating access to the Gulf makes 523 Wahoo Road a rare opportunity for spacious canal-front living in one of Panama City Beach's most desirable coastal communities.

523 Wahoo Road, Panama City

5500 E Hwy 98 Bus, Panama City
$999,900
781277 MLS
Here's a great opportunity for your business on one of the busiest intersections in the county, smack-dab in the middle of the business corridor of Parker, FL. This general commercial lot is located on 2 principle artery roadways, with average daily traffic counts of over 19000/day on Tyndall Parkway- Hwy 98, and 7900 per day on E.Business 98, according to the Florida DOT; making this parcel extremely convenient to Tyndall Air Force Base and Mexico Beach. Acquire this prime commercial location with road frontage on 3 sides, including approx 184 feet of Hwy 98 frontage! Included in the sale is a brand new 3360 SF building with 1000 SF of heated and cooled space. This is a turn-key operation to acquire an established, thriving Auto sales location. No other auto shops licenses will be granted on this main artery to Tyndall and Mexico Beach. Or, this commercial location can accommodate whatever you're needing with development standards of: Maximum building height is 60 feet/6 stories, 10 ft setbacks on 3 sides, and maximum lot coverage of 90% allowable. This quaint, small area of Florida is growing with visitors due to the bays, bayous, new developments and new city fishing pier and boat launch, all within a few blocks of this parcel. . (Some, not all inventory shall convey. Lifts and permanent structures to convey. Buyer to verify any and all information that is important.)

5500 E Hwy 98 Bus, Panama City

7115 Thomas Drive Unit 502, Panama City
$998,000
3 Beds ⋅ 3 Baths ⋅ 791261 MLS
** BRAND NEW HVAC ** At over 2,300 square feet with a true grand foyer entry, this gulf-front 3BR/3BA at Hidden Dunes feels less like a condo and more like a coastal residence - one where every bedroom has its own private bath and the balcony stretches 43 feet across the Gulf. A true grand foyer entry sets the tone immediately, creating a sense of arrival more typical of a full-sized coastal residence than a standard condominium. The floor plan then opens into a large great room, formal dining area, and well-appointed kitchen, all arranged to function as connected yet defined living spaces. Windows throughout the residence bring in natural light and capture multiple gulf views from the living room, dining area, kitchen, and primary suite. A defining feature is the expansive 43-foot-wide gulf-front balcony, offering a substantial outdoor living area directly overlooking the beach. Its width easily accommodates multiple seating and gathering areas, extending the main living space outdoors with uninterrupted shoreline views. The gulf-front primary suite includes direct balcony access, a sitting area, walk-in closet, double vanities, and a separate shower. Two additional guest bedrooms are positioned on opposite sides of the foyer, each with its own private bathroom and generous closet space, providing privacy and separation within the layout. Interior features include 9-foot ceilings, tile flooring throughout for durability and low maintenance, a full-sized laundry room with additional storage capacity, and exterior storage for beach equipment and owner use. Hidden Dunes is a gated gulf-front community located along the quieter east end of Panama City Beach. Residents enjoy 377 ft of private beach frontage along with a gulf-front pool, heated pool, kiddie pool, fitness center, owners' lounge, game room, grilling areas, and on-site security. The location offers a more peaceful coastal setting while remaining close to St. Andrews State Park, marinas, golf courses, dining, shopping, and the broader Panama City Beach entertainment corridor. Schedule a private showing to experience it firsthand.

7115 Thomas Drive Unit 502, Panama City

9101 N Highway 231, Panama City
$995,000
4 Beds ⋅ 5 Baths ⋅ 792906 MLS
The coast is close. The quiet is yours. Built like a storm shelter, finished like a custom home, and close to self-sufficient. 5,137 square feet on 5 private acres, reached by a long, paved driveway, a short drive from the beaches. Built stronger than the code requires: twice the wall studs, a hurricane tie on every roof truss. Owned solar: the monthly electric bill is just the FPL connection fee. Sole-source artesian well: cold, clear water from the ground, and even the outdoor spigots run cold and clear, with no water bill. 4 bedrooms and 4½ baths in slate, marble, hardwood, and custom tile. 12-foot ceilings, crown molding, hardwood through the living space, every closet cedar-lined. Steam shower, slate shower, clawfoot tub, jetted tub, wood-burning slate fireplace. Custom kitchen cabinets to the ceiling, dual-fuel range, upstairs wet bar and entertaining space, screen-enclosed saltwater pool. Two garden plots ready to plant and a pole barn with a concrete floor Space, privacy, the coast, and near-zero utilities, together at one address. Built once, by hand, and you wont find another.

9101 N Highway 231, Panama City

6303 Palm Court, Panama City
$995,000
2 Beds ⋅ 2 Baths ⋅ 790224 MLS
Welcome to 6303 Palm Court, Panama City Beach, FL 32408, a spacious 2-bedroom, 2-bath home located in the highly desirable Grand Lagoon area just minutes from St. Andrews State Park, public boat ramps, marinas, waterfront restaurants, and the white sand beaches of the Gulf Coast. Built in 1994 and offering approximately 1,708 square feet of living space, this well-maintained Panama City Beach home sits on a quiet side road with a large lot that provides privacy, outdoor space, and room to entertain. Inside, you'll find spacious living areas, abundant natural light, generously sized bedrooms, and a functional floor plan ideal for full-time living, a vacation home, or an investment property near the beach. This Grand Lagoon home for sale offers convenient access to boating, fishing, paddle boarding, golf courses, shopping, dining, and some of the best attractions in Panama City Beach, Florida. Located just a short drive from the Gulf of Mexico and popular local destinations, the property combines coastal convenience with a peaceful residential setting. Buyers searching for homes for sale in Panama City Beach FL, homes near Grand Lagoon, or investment properties near St. Andrews State Park will appreciate the location, layout, and potential this property offers. Whether you're relocating to Panama City Beach, searching for a second home in Florida, or looking for a coastal investment opportunity, 6303 Palm Court delivers comfort, convenience, and the Florida lifestyle buyers are looking for.

6303 Palm Court, Panama City

808 Plantation Drive, Panama City
$989,500
3 Beds ⋅ 3 Baths ⋅ 778961 MLS
Welcome to 808 Plantation Drive, a stunning blend of plantation and coastal charm with 102 feet of breathtaking waterfront. A beautifully maintained single-story home with a dock that offers the ultimate Florida lifestyle. This 3-bedroom, 3-bathroom home sits on the water with direct Gulf access, perfect for boating, fishing, and sunset cruising right from your backyard. The home offers an inviting open floor plan, perfect for both everyday living and entertaining. Step inside to find a bright living area with vaulted ceilings and plenty of natural light and water views from almost every room. The kitchen features ample cabinet space, an island, and a double oven. From the kitchen, walk into the relaxing, serene Florida room. The primary suite and other rooms you will enjoy peaceful water views. The office/bonus room can be used for another bedroom. The home has a lot of closet spaces. The oversized lot has been beautifully landscaped with plants, large trees, and a circle driveway. It also offers a 2 car garage, rv/boat parking. Located just minutes from Tyndall Air Force Base, shopping, schools, and restaurants, this home combines comfort and convenience. Call today to schedule a showing! Dock 2019, A/C's 2017 & 2020, roof 2019, hot water heater 12/2025.

808 Plantation Drive, Panama City

5522 Thomas Drive, Panama City
$989,000
4 Beds ⋅ 4 Baths ⋅ 786911 MLS
Gulf-View Coastal Retreat | Prime Investment + Luxury Living Welcome to your private tropical oasis--this beautifully updated and professionally designed home offers stunning Gulf views, exceptional indoor-outdoor living, and outstanding short-term rental potential in one of the most desirable areas along Thomas Drive. Thoughtfully curated with high-end finishes, lush landscaping, and inviting entertaining spaces, this property is built to impress both owners and guests alike. The open-concept living, dining, and kitchen area on the second floor is filled with natural light and flows seamlessly onto a spacious balcony--perfect for taking in Gulf views and coastal breezes. With two master suites plus two additional generously sized bedrooms, this home comfortably accommodates large groups, maximizing occupancy and rental income. The first-floor master suite features a private entrance and lock-out capability, creating the ideal setup for a separate rental unit or flexible guest quarters--an investor's dream for dual-income potential. Step outside to your own fenced backyard retreat, complete with a 7-person hot tub, designed for relaxation and memorable guest experiences that drive repeat bookings and top-tier reviews. Located just steps from the beach and minutes from dining, entertainment, and outdoor adventure--including St. Andrews State Park--this home offers the perfect balance of privacy and accessibility in a high-demand vacation market. Investment Highlights: • Strong Airbnb / VRBO income potential • Flexible lock-out floor plan for multiple revenue streams • Gulf views + walkable beach access (premium nightly rates) • Turnkey condition--ideal for immediate rental or personal use • Located in a proven high-demand vacation rental corridor. Whether you're looking for a high-performing investment or a luxurious coastal escape, this property truly offers the best of both worlds. (Buyer to verify all information and dimensions deemed important.)

5522 Thomas Drive, Panama City

7308 S Lagoon Drive, Panama City
$960,000
3 Beds ⋅ 3 Baths ⋅ 794796 MLS
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' BRING YOUR BOAT! 3-Br 2.5-Ba house with a 14'x36' covered boat dock with water, electricity and jet ski lift. Totally updated with all new hurricane windows and doors, tri[ple opening sliding door, new bathrooms and kitchen, the upstairs bedroom currently used as a man cave with a bar sink, wine cooler, and 1/2 Bath. *New A/C units, sprinkler system w/well pump. just **4 blocks to the sugar-white sands of the beach**. Build your dream home or getaway retreat on protected lagoon waters with Gulf of America access just minutes away. This lot offers a peaceful, private setting on the water with a new boat dock already in place, fresh split-rail fence lining the frontage. Deep, calm lagoon water is perfect for kayaking, fishing, or launching a boat right from your own backyard. A public boat ramp just down the street makes it easy to get out on the water, and you're close to some of the best restaurants on the east end. The lagoon front lot next door is for sale at $685k (mls# 793039) Live in this house while you build a new one. Can do Vacation Rentals. ** Rare opportunity to own two lagoon-front properties side by side**

7308 S Lagoon Drive, Panama City

000 Hugh Thomas Drive, Panama City
$960,000
793873 MLS
Waterfront development opportunity on Callaway Bayou! Recently subdivided from six parcels into 12 waterfront lots, each offering more than 50 feet of frontage along the bayou and waterfront views. Each Lot Surveyed and ready for development! Lot sizes range from approximately 0.152 to 0.29 acres, with most measuring around 0.20 acres. All 12 lots are being offered together and include the following parcels: 06641-995-257, 06641-995-260, 06641-995-265, 06641-995-267, 06641-995-270, 06641-995-280, 06641-995-285, 06641-995-290,06641-995-295, 06641-995-300, 06641-995-255, 06641-995-250. Callaway Bayou provides access toward East Bay and St. Andrews Bay, with the shallow-water setting well suited for kayaks, paddleboards, jon boats and other low-draft watercraft, subject to current water depths and conditions. No docks or seawalls are currently in place. Individual dock potential may exist subject to applicable permitting and regulatory approval. Conceptual home renderings are available illustrating the potential for two-story residences designed to take advantage of the waterfront setting and elevated views. Based on preliminary planning, lots may accommodate approximately 1,800-2,100 square feet of living space with a two-story design. Current information indicates approximately 25-foot roadside setbacks and 20-foot waterfront setbacks; buyers should independently verify zoning, setbacks, building requirements, utilities, flood zone/elevation requirements, dock permitting and intended use with the appropriate governmental agencies. With 12 individual waterfront lots available, this property presents an opportunity for builders, developers or investors looking to create a cohesive waterfront residential project in the Callaway area, with convenient access to Panama City and Tyndall Air Force Base.

000 Hugh Thomas Drive, Panama City

1509 Hickory Avenue, Panama City
$949,900
786311 MLS
***1504 DRAKE AVE(VACANT LOT) IS ALSO PART OF THIS SALE!!!***4,300 square foot warehouse 'flex' building available for sale or lease, as well as the 66X140 cleared lot directly behind it, which gives you additional multiple business opportunities(additional parking, building and business expansion, etc). Ideal for many service businesses or great investment opportunity. Currently being used as a glass manufacturing business. The downstairs office has a 19' x 16' lobby area, 7' x 14' office, 10' x 14' break room/kitchen, and men's and women's bathrooms. The warehouse is 24' x 70' total with a 20' x 20' separate room. Warehouse height is 25 feet at the center and 21' at the eaves. 14' x 16' grade-level (street level) door in the front and +/-10' x 12' in the back. Zoned 'Neighborhood General (NG) in the City limits of Panama City and within the Gateway Overlay. The building footprint measures 45' x 70. 2nd floor mezzanine space (20' x 50') that is heated and cooled with 9 foot ceilings). All of the upstairs office furniture stays as well as 2 of the downstairs office desks. New upstairs A/C, new T-stat downstairs, both A/C units have UV cleaners on them. 50 ROOF SOLAR PANELS!!! The average monthly electric bill, with no upstairs renters, is $32. There is a well onsite that would need a pump. All information is approximate and should be verified by buyers if important.

1509 Hickory Avenue, Panama City

325 Confidence Way, Panama City
$949,000
4 Beds ⋅ 4 Baths ⋅ 794698 MLS
EXTRAORDINARY 1.99% ASSUMABLE VA LOAN available to qualified buyers, subject to lender approval. Welcome to 325 Confidence Way, where peaceful bayou living meets Gulf-access adventure. Positioned directly on the water in the desirable Fanning Bayou community, this exceptional home offers boating access to the Gulf, Shell Island and Gulf Intracoastal Waterway destinations, including Crab Island. Enjoy wide water views from the main living areas, primary suite and expansive screened porch. Envision building your own private dock and creating the waterfront lifestyle you have always wanted. Across the street, a recorded conservation easement requires the land to be maintained forever predominantly in its natural condition and prohibits buildings and other structures, providing a protected natural buffer. Inside, the bright, open-concept design is filled with natural light and thoughtfully arranged for everyday living and entertaining. Updated lighting fixtures throughout add a stylish, contemporary touch. The spacious gathering room features a tray ceiling, recessed lighting and picturesque bayou views. The adjoining dining area flows into a well-appointed kitchen featuring an oversized granite island, abundant cabinetry, stainless steel appliances, double ovens, range hood and walk-in pantry. The waterfront primary suite offers a peaceful retreat with a tray ceiling and beautiful bayou views. The spacious bath features dual vanities, a soaking tub, and a separate shower while the walk in closet includes a custom organization system. Custom-designed closet organization systems are found throughout the home, offering abundant built-in shelving, hanging space and storage. Step outside to the screened waterfront porch and enjoy morning coffee, evening sunsets and the ever-changing bayou scenery. The spacious three car garage offers ample parking along with built in storage for boating equipment and recreational gear. The roof was replaced in 2023 with GAF Timberline HDZ shingles and GAF WeatherWatch underlayment, adding another valuable improvement. Community amenities include a resort-style pool, hot tub, covered gathering pavilion and playground. With its direct bayou frontage, exceptional boating access, protected natural surroundings, spacious open layout and remarkably low assumable interest rate, 325 Confidence Way presents a rare opportunity to enjoy the best of Northwest Florida waterfront living.

325 Confidence Way, Panama City

147 Lake Merial Shores Drive, Panama City
$949,000
6 Beds ⋅ 4 Baths ⋅ 791960 MLS
ASSUMABLE LOAN AVAILABLE WITH AN INCREDIBLE 2.25% INTEREST RATE!* Rarely does a property offer this much space, privacy, and waterfront lifestyle in one package. Set on 1.14 acres with approximately 110 feet of frontage along the crystal-clear waters of Lake Merial, 147 Lake Merial Shores is a 4,182-square-foot waterfront retreat designed for those who believe home should be the gathering place for every holiday, celebration, and family milestone. Featuring six bedrooms, a bonus room, three-car garage and expansive indoor and outdoor living spaces, this remarkable estate is where unforgettable lake memories are made. From the moment you enter, soaring ceilings and beautiful hardwood flooring create an impressive first impression. To the left of the foyer, a stunning floor-to-ceiling custom library provides the perfect setting for a private office, reading retreat, or study. The private library showcases a custom rolling ladder that glides effortlessly along the entire room. Formal living and dining spaces offer flexibility for gatherings, while a dedicated dining room area with a private bar creates an inviting atmosphere for hosting family celebrations and holiday dinners. The grand living room serves as the heart of the home, featuring dramatic 18-foot ceilings and expansive windows that frame picturesque views of the lake beyond. A beautiful wood burning fireplace creates a warm focal point, flanked by custom built-in cabinetry that provides both elegant display space and functional storage while enhancing the room's timeless character. The well-appointed kitchen offers abundant cabinetry and storage throughout, including an extended custom storage area adjacent to the eat-in kitchen space. A conveniently located half bath near the kitchen enhances the home's thoughtful design and provides added comfort for guests during gatherings and special occasions. The spacious primary suite is located on the first floor, creating a private retreat separate from the additional bedrooms. Upstairs, you'll find five generously sized bedrooms, two full bathrooms, and a massive bonus room large enough to serve as a home theater, game room, fitness area, or recreation space large enough for a pool table. Step outside and experience the true beauty of Lake Merial living. Outdoor living takes center stage with a covered back patio and an expansive paver terrace designed for entertaining and relaxation. A private paver pathway meanders through the backyard to the lakefront, creating a seamless connection to the waterfront lifestyle. Whether you're launching a kayak, casting a line, or enjoying a sunset cruise, Lake Merial becomes an extension of your backyard. The meticulously maintained grounds create a park-like setting, offering plenty of space for outdoor entertaining, backyard barbecues, family gatherings, and making memories with friends and neighbors. Imagine spending Independence Day watching fireworks illuminate the lake, enjoying golf cart rides through the neighborhood, and ending the evening gathered around the water with family. Lake Merial is one of Bay County's most sought-after waterfront communities, centered around a beautiful 300-acre spring-fed lake known for its clear waters and year-round recreational opportunities. Residents enjoy community events, walking trails, green spaces, and food truck nights. Defined by its scale, waterfront setting, and enduring craftsmanship, this home stands as a distinguished Lake Merial residence, offering the space, privacy, and versatility to accommodate generations while creating an exceptional backdrop for everyday living. As one of only a handful of homes of this size situated directly on the water within Lake Merial, this remarkable property represents a rare opportunity to own one of the community's most significant waterfront estates.

147 Lake Merial Shores Drive, Panama City

126 Queens Circle, Panama City
$940,350
5 Beds ⋅ 4 Baths ⋅ 791579 MLS
Take advantage of this price reduction on this amazing CANAL HOME WITH COVERED BOAT SLIP AND POOL!! Dont let this opportunity get away! Gorgeous 4 side brick ranch with an in-law suite! This home has it all! Main house has 4 bedrooms and 2.5 baths. The Kitchen offers quartz countertops, center island for tons of storage and workspace. Love to bake? The double ovens will be a great help! The cooktop offers both electric and convection cooking. Lots of cabinet space and a pantry with slide outs. The dining room can accommodate up to 12 and the breakfast bar is perfect for additional seating. You will love the open floor plan with a very large family room with beautiful fireplace. The ceiling in the family room is tongue and groove and the ceiling height makes it perfect for that oversized holiday tree. The Master bedroom is large enough to hold a king size bed and still have a sitting area. The master bath has been upgraded to a gorgeous shower, double vanities, double closets and beautiful lighting. There are 3 additional bedrooms in the main house and a bath and a half. The in law suite offers approx. 950 sq feet with a living room, kitchenette, bedroom and full bath. There is a sunroom between the main house and the in law suite that is perfect for a reading room or even for plants! Step outside to the huge inground pool deck and covered patio. The pool is large and inviting. Don't forget to check out the covered boat slip with boat lift on the canal. There is even a tree house in the beautiful and enormous oak tree. The home is on a double lot and it fenced for privacy. There is also a separate work shop to hold all your garden and lawn equipment. The upstairs of the shop is perfect for storage. Make sure to put this home on your must see list! Agent to Agent Remarks: please give 2 hour notice to show as the homeowner works from home. There are two dogs that are in the home but are more likely to lick you than bother you. The home has keypad entry so call listing agent for code.

126 Queens Circle, Panama City

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