Panama City Real Estate

Panama City Real Estate

Welcome to Panama City, Florida—a vibrant coastal gem nestled along the stunning shores of the Gulf of Mexico. Known for its breathtaking beaches, warm hospitality, and a thriving community, Panama City is a place where life feels like a perpetual vacation. With its soft, sugar-white sands and crystal-clear turquoise waters, it’s no wonder that this city has become a beloved destination for both residents and visitors alike.

Panama City boasts a rich history and a diverse culture, offering a unique blend of Southern charm and coastal flair. The downtown area is bustling with local shops, delightful eateries, and art galleries that showcase the talents of local artists. Whether you’re indulging in fresh seafood at a waterfront restaurant or exploring the lively farmers' market, there’s always something new to discover.

For nature enthusiasts, Panama City is surrounded by an abundance of outdoor activities. From fishing and boating to hiking in the nearby state parks, the opportunities for adventure are endless. The stunning St. Andrews State Park is a local favorite, offering pristine beaches, nature trails, and wildlife watching.

Families will find a welcoming community with excellent schools and a variety of recreational activities, making it an ideal place to raise children. The city also hosts numerous events throughout the year, bringing residents together to celebrate the vibrant culture and rich traditions of the area.

With its perfect blend of relaxation and excitement, Panama City, Florida, is more than just a destination; it’s a place to call home. Come experience the charm and beauty of Panama City—your dream lifestyle awaits!

Newest Listings in Panama City

Panama City
$580,000
4 Beds ⋅ 2 Baths ⋅ A12105267 MLS
SELLER WILL PAY ALL CLOSING COSTS AND BUY DOWN THE CURRENT INTEREST RATE AND GIVE MONEY FOR ANY REPAIRS. Beachside duplex with two separate 2-bedroom, 1-bath residences, approximately 772 square feet each (1,544 total). Originally built in 1999. Prior 2026 listing describes remodeled interiors, luxury vinyl plank flooring, vaulted ceilings, newer metal roof, furnishings and laundry facilities in both units. Short-term rental use was advertised; independently verify licensing, zoning and rental restrictions. Previous marketing indicated unit 5711 leased through September 1, 2026; verify present occupancy. Located near Thomas Drive and Gulf beaches. Historical asking price $589,000 when withdrawn August 2026; no current list price verified.

Panama City
Raintree Drive, Panama City
$16,000
TB8556850 MLS
YOUR FUTURE FLORIDA HOME STARTS HERE! Discover this approximately 0.11-acre residential lot on Raintree Drive in Panama City's Sandy Creek Ranch & Country Club Phase II community. With approximately 40 feet of frontage and 120 feet of depth, this Bay County parcel is zoned R-1 (Single-Family) and located in Flood Zone X. Whether you’re planning your next home or securing a homesite for the future, this lot offers an affordable opportunity to own land in an established Panama City community. Enjoy a country-style setting surrounded by nature, with access to shopping, dining, and everyday conveniences. HOA dues are $400 annually, and the neighborhood has public water and sewer. Country Club Drive and Highway 2297 connect you to Highway 22 for travel toward Panama City and Tyndall Air Force Base. Explore the region’s beaches, boating, and fishing destinations during your downtime. Qualified buyers may purchase with as little as 20% down payment, subject to lender approval and financing terms. Parcel ID: 07400-643-000. GPS coordinates: 30.1137, -85.5062.

Raintree Drive, Panama City
Plantation, Panama City
$650,000
CC858036 MLS
Waterfront Residential Parcel on Callaway Bayou! Approximately 1.49 acres according to county records, offering space for a private waterfront residence or an approved residential development. The protected, boatable water connects with the Gulf Intracoastal Waterway, St. Andrews Bay, Shell Island, and the Gulf of Mexico. Neighboring waterfront homes have private docks, supporting the boating and fishing lifestyle found along Plantation Drive. Any new dock will require applicable permitting and approval. Zoned R-1 for detached single-family residences. Current City of Panama City regulations provide for a maximum density of 10 dwelling units per gross acre and a minimum newly created lot area of 5,000 square feet. The parcel may offer potential for multiple residential lots through an approved subdivision and development plan. The property has no HOA and offers extended frontage along paved Plantation Drive. Public Water, Sewer, and Electricity are available. A 2021 boundary survey is available and reports approximately 1.355 acres, while county records report approximately 1.49 acres. The survey depicts portions of the property in FEMA Flood Zones AE and X. Convenient to Tyndall Air Force Base, shopping, restaurants, and schools. Qualified buyers may purchase with as little as 20% Down payment.

Plantation, Panama City
TBD Plantation Drive, Panama City
$650,000
CC844031 MLS
Waterfront Residential Parcel on Callaway Bayou! Approximately 1.49 acres according to county records, offering space for a private waterfront residence or an approved residential development. The protected, boatable water connects with the Gulf Intracoastal Waterway, St. Andrews Bay, Shell Island, and the Gulf of Mexico. Neighboring waterfront homes have private docks, supporting the boating and fishing lifestyle found along Plantation Drive. Any new dock will require applicable permitting and approval. Zoned R-1 for detached single-family residences. Current City of Panama City regulations provide for a maximum density of 10 dwelling units per gross acre and a minimum newly created lot area of 5,000 square feet. The parcel may offer potential for multiple residential lots through an approved subdivision and development plan. The property has no HOA and offers extended frontage along paved Plantation Drive. Public Water, Sewer, and Electricity are available. A 2021 boundary survey is available and reports approximately 1.355 acres, while county records report approximately 1.49 acres. The survey depicts portions of the property in FEMA Flood Zones AE and X. Convenient to Tyndall Air Force Base, shopping, restaurants, and schools. Qualified buyers may purchase with as little as 20% Down payment.

TBD Plantation Drive, Panama City
1504 Drake Avenue, Panama City
$47,000
N6145914 MLS
Excellent opportunity to own a vacant lot in a growing Panama City location. This approximately 66' x 140' parcel offers ample space for future development and is conveniently situated near local amenities, businesses, and transportation corridors. Whether you're looking to build or invest, this property presents outstanding potential. Buyer to verify all information deemed important.

1504 Drake Avenue, Panama City
3900 W 17th Street, Panama City
$652,000
7 Beds ⋅ 7 Baths ⋅ A12098392 MLS
Rare opportunity in Panama City: a pool home and a triplex together on one oversized lot, walking distance from the bay. The main house 5 beds, 3.5 baths, a private pool, home gym, and a 2-car garage. Next door on the same parcel, three separate units, each 1/1 with separate water and electrical meters. Live in the main house and let the triplex help pay the mortgage, set up a home office or work-from-home space, keep extended family close while everyone has their own door, or hold the whole property as a four-unit investment. The large shared lot gives room for parking, gardening, and outdoor gatherings. Flexible layout may suit a variety of group living uses, subject to buyer verification of zoning and licensing. Minutes to downtown, the marina, and St. Andrews. Opportunities like this are hard to find, so schedule your showing today.

3900 W 17th Street, Panama City
626 N Gay Avenue, Panama City
$262,000
4 Beds ⋅ 2 Baths ⋅ A12098463 MLS
Spacious single-family home located in Panama City featuring 4 bedrooms, 2 full bathrooms and approximately 1,656 sq. ft. of living area. The property sits on an approximately 10,193 sq. ft. lot and offers a functional one-story layout, central A/C and a metal roof. Convenient opportunity for an owner-occupant or investor looking for a home in Bay County. Schedule your showing today!

626 N Gay Avenue, Panama City
1337 Everitt Avenue, Panama City
$299,900
O6441582 MLS
Discover the possibilities with this approximately 2.71-acre vacant parcel located on Everitt Ave in Panama City. Whether you're looking to build your dream home, create a private estate, or explore future development opportunities, this spacious property offers plenty of room to bring your vision to life.

1337 Everitt Avenue, Panama City
3910 Magnolia Bluff Lane, Panama City
$90,000
A4705617 MLS
A VACANT LOT IN PANAMA CITY BEACH IN BAY COUNTY!!!

3910 Magnolia Bluff Lane, Panama City
4601 MAGNOLIA BEACH Road, Panama City
$535,000
3 Beds ⋅ 2 Baths ⋅ B26060287 MLS
Welcome to this beautifully maintained 3-bedroom, 2-bath home in the desirable Magnolia Point at The Preserve! Offering comfortable single-level living, this home combines thoughtful updates with an exceptional outdoor retreat. Inside, you'll find a spacious living room centered around a cozy gas fireplace, a formal dining area, and a generous kitchen featuring a breakfast bar and adjoining breakfast nook, perfect for everyday living or entertaining. The oversized primary suite offers waterproof composite flooring, a large walk-in closet, an en-suite bath with a whirlpool tub and separate shower, plus private access to the backyard. Step outside to your own private oasis featuring a stunning saltwater pool installed in 2021, a large covered patio, and a fully fenced backyard designed for r

4601 MAGNOLIA BEACH Road, Panama City
107 Lake Merial Boulevard, Panama City
$60,000
A11907502 MLS
I’m Excited About This Property! …….. Now Let Me Tell You Why! ... OWNER FINANCING! ... Gated Community! .... Build the Waterfront Home Of Your Dreams! Here Are The Details: ... Land: 22,476/sf .... Linear Water Front: 155’ .... This property has it all! .... Buyer must preview "Virtual Walk-Through" before showing. I’m Excited About This Property! …….. Now Let Me Tell You Why! ... OWNER FINANCING! ... Gated Community! .... Build the Waterfront Home Of Your Dreams! Here Are The Details: ... Land: 22,476/sf .... Linear Water Front: 155’ .... This property has it all! .... Buyer must preview "Virtual Walk-Through" before showing.

107 Lake Merial Boulevard, Panama City
W 12th Street, Panama City
$780,000
A11989551 MLS
Prime development opportunity in Panama City. This parcel allows for residential development with current zoning supporting up to 10 units per acre, with a maximum potential of approximately 51 units (subject to buyer’s verification).Additionally, the property may qualify for increased density under Florida’s Live Local Act, which can allow for significantly higher density when developing qualifying affordable or workforce housing projects, subject to local approvals and compliance requirements.The site may also be eligible for incentives under the Low-Income Housing Tax Credit (LIHTC) program, offering potential tax advantages for developers.Strategically located near key roads, employment centers, and growing residential demand, this property presents a compelling opportunity for builders and investors.Buyer to verify zoning, density, utilities, and eligibility for all incentives.

W 12th Street, Panama City
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