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Looking to expand your real estate portfolio or jumpstart your journey as a landlord? This 5-unit multi-family property in Panama City offers steady cash flow and long-term value.

 partially rented / ready to lease (customize  based on status)
 Low maintenance units - easy management
 Strong rental demand in the area
 Proximity to beaches, schools, and major employers
 Zoned for residential income-producing property

Building 1	
Type	SFR AVERG
Total Area	2,129
Heated Area	1,251
Exterior Walls	AL SIDING
Roof Cover	ENG SHINGL
Interior Walls	DRYWALL
Frame Type	N/A
Floor Cover	CLAY TILE; CARPET
Heat	AIR DUCTED
Air Conditioning	CENTRAL
Bathrooms	1
Bedrooms	3
Stories	1
Actual Year Built	1946

Building 2	
Type	2 story apt.
Total Area	1,643
Heated Area	1,346
Exterior Walls	MINIMUM
Roof Cover	ENG SHINGL
Interior Walls	DRYWALL
Frame Type	N/A
Floor Cover	PINE WOOD
Heat	RAD ELEC
Air Conditioning	WINDOW
Bathrooms	2
Bedrooms	4
Stories	2
Actual Year Built	1956

Building 3	
Type	DUPLEX
Total Area	2,315
Heated Area	2,171
Exterior Walls	ASB SHNGLE
Roof Cover	ENG SHINGL
Interior Walls	DRYWALL
Frame Type	N/A
Floor Cover	ASPH TILE
Heat	AIR DUCTED
Air Conditioning	CENTRAL
Bathrooms	2
Bedrooms	3
Stories	1
Actual Year Built	1952
#784336

Panama City

520 Maine Avenue

None Beds

None Baths

4,768 Sq.Ft.

$350,999

MLS#: 784336

Single-family home with major structural and mechanical updates already completed. Roof was replaced after Hurricane Michael. Property has passed framing inspection. Rough plumbing and mechanicals are completed but will need final plumbing inspection pending bathtub install. Plumbing fully upgraded to new PEX throughout, including the main line to the meter. Wall insulation and most of the attic insulation will be included in sale. Estimated remaining renovation budget is approx $60,000 to complete. ARV is estimated around $250,000.
#784313

Panama City

5012 Lake Drive

3 Beds

1 Baths

1,500 Sq.Ft.

$100,000

MLS#: 784313

Luxury meets functionality in this stunning 4-bedroom, 3-bath pool home, designed for both everyday comfort and elevated entertaining. The private backyard oasis features a resort-style pool, perfect for relaxing or hosting guests. Inside, the thoughtfully designed layout offers spacious living areas, well appointed bedrooms, and elegant finishes throughout.This home is equipped with a whole-home Generac generator for peace of mind, a 3 car garage, plus additional parking ideal for a boat or RV, a rare and highly desirable feature. Enjoy seamless indoor outdoor living, ample storage, and the convenience of luxury features that truly set this home apart.A perfect blend of style, space, and practicality this exceptional property is a must-see.
#993957

Navarre

7744 Seaward Street

4 Beds

3 Baths

3,001 Sq.Ft.

$799,000

MLS#: 993957

Welcome to Central Park at Hammock Bay! Are you looking for that large home with 5 bedrooms PLUS a study/bonus room, PLUS a formal dining room, large, open concept family/living/dining/kitchen area and covered porch with fenced in backyard? Here it is! Be amazed stepping in the front door with crown molding, tall ceilings (w/10' tray ceiling in dining, master and living areas), expansive living room, gourmet kitchen w/plenty of storage space, granite countertops, split floor plan with privacy in mind, three full bathrooms, and a master ensuite sure to impress. The master suite has private access to your screened in patio to enjoy the Florida weather! CableTV included! Pets allowed, restrictions apply. If approved, $25/mo pet rent and a non-refundable pet fee of $250 will apply. A one-time $100 lease admin fee applies. Welcome to Hammock Bay! Hammock Bay features four community pools, 24/7/365 fitness centers (3), dog parks, walking paths, pier w/clubhouse, tennis, disc golf, basketball, Brewery, General Store, and much more! Come see why Hammock Bay is one of the Emerald Coast's most sought after development.
#993898

Freeport

374 Lilly Bell Lane

5 Beds

3 Baths

3,062 Sq.Ft.

$3,300

MLS#: 993898

Welcome to 2906 Nadine Ct., this wonderfully updated home boast new paint, new flooring, new appliances, new quartz counter tops, lighting fixtures and garage door. The floor plan flows great for a primary home, retirement or starter home or an excellent rental. This home is centrally located and short distance to schools, shopping and minutes to 23rd st. All offers/contracts will be negotiated by owner, please do not email any documents to the email on MLS it is notā€‹ā€‹ā€Œā€‹ā€‹ā€‹ā€‹ā€Œā€‹ā€Œā€‹ā€‹ā€‹ā€‹ā€Œā€‹ā€‹ā€Œā€‹ā€‹ā€‹ā€‹ā€Œā€Œ monitored.
#784321

Panama City

2906 Nadine Court

3 Beds

2 Baths

1,092 Sq.Ft.

$219,900

MLS#: 784321

Life's a Beach on Sandollar Drive!

Just blocks from the sparkling sandy shores of Panama City Beach, this 2,700 sq. ft. coastal gem at 144 Sandollar Dr. is ready to sweep you off your flip-flops!


Step inside and discover not one, not two, but **THREE private master suites** - perfect for family, guests, or creating your own dreamy retreat. 2 Upstairs with their own balcony with view of the condos. Each suite feels like a mini vacation spot with plenty of space and comfort.

The open living and dining area is bright, breezy, and built for beachside entertaining. And when the party moves outdoors? That's where the fun really begins.

Out back you'll find a spacious yard designed for good times, complete with a tiki hangout area—the ultimate spot for summer barbecues, sunset cocktails, or simply relaxing after a day in the waves.

 Highlights You'll Love:

* 2,700 sq. ft. of Living Space
* 3 Oversized master suites
* Office
* 4 Bathrooms total
* 2 Living Areas
* Office Space
* Large Backyard with Tiki area for endless fun or a pool!
*Ample storage space
* Just blocks from the beach, shopping, and local eats

Whether you're searching for your next vacation getaway, beach rental investment, or forever home, this coastal charmer checks every box. 

No HOA! No flood insurance. There is a double shed outback plus a well/sprinkler system that may be useable. Perfect for a gardener!

New Roof 2015.

Some photos have been virtually staged. 
All information within listing to be verified by buyer.
#778688

Panama City Beach

144 Sandollar Drive

3 Beds

3 Baths

2,244 Sq.Ft.

$400,000

MLS#: 778688

$5,000 Buyer Incentive | Turnkey Opportunity at the Alerio - Building CDiscover this beautifully appointed 3-bedroom, 2-bathroom condo in the highly sought-after Alerio community. This turnkey residence features 10' ceilings, recessed lighting, crown molding, and hardwood flooring throughout, plus a private balcony overlooking Scenic 98--perfect for enjoying beautiful sunsets over the Gulf of Mexico.Designed with both comfort and functionality in mind, the open-concept floor plan and beach-chic style create an ideal retreat for family and friends.The contemporary kitchen showcases granite countertops, soft-close cabinetry, and a full stainless-steel appliance suite, seamlessly connecting to the living and dining areas for easy entertaining. The spacious primary suite offers a large walk-in closet and a luxurious ensuite bathroom featuring:  A frameless walk-in shower, a separate soaking bathtub and a granite double sink vanity. 

Whether as a second residence, vacation home, or investment property, this condo delivers style, comfort, and location in one exceptional package.
#993928

Miramar Beach

732 Scenic Gulf Drive UNIT C303

3 Beds

2 Baths

1,307 Sq.Ft.

$505,000

MLS#: 993928

Looking to build your dream home? This beautifully wooded, high-and-dry lot (Flood Zone X) with majestic oak trees is perfectly located in the heart of Freeport. Enjoy easy access to Four Mile Creek for fishing or boating, with quick routes to the Choctawhatchee Bay and nearby waterways. Spend your days exploring Florida's stunning white-sand beaches, all just a short drive away.Centrally positioned between Fort Walton Beach and Panama City Beach, this property offers the best of coastal living--close to endless outdoor recreation, local attractions, and Destin's world-famous Crab Island, all within approximately 30-45 minutes.Situated in a peaceful, well-kept community that allows only single-family homes with minimal restrictions, this lot is ideal for creating a private retreat or or full-time residence. Mobile homes are not permitted. City water and sewer tap fees are due.
#993964

Freeport

Lot 34 Caswell Branch Road

None Beds

None Baths

0.12 acres

$63,500

MLS#: 993964

Price reduced
Welcome to 14 Falcon Ridge, your quiet and low-maintenance oasis! This turn-key 2 bed/2.5 bath end unit is tucked away from the main street giving you privacy and peace. Almost all features in the house have been updated: triple-pane hurricane windows (2025 lifetime warranty transfers!!!), HVAC with UV (2024), water heater (2025), kitchen (2024), bathrooms (2023), roof (2020), and LVP flooring (2025). Also included is a full security system and smart thermostat. HOA maintains the yard and pool allowing for very low-maintenance living. All appliances convey. Seller is offering $2.5k towards upgrades or closing costs!  This location doesn't get any better: within 10 minutes to Hurlburt Field's back gate, Walmart, Chick-fil-A, and Okaloosa Island! You won't find a more well maintained or upgraded townhome--schedule a walk through today!
#993965

Fort Walton Beach

14 Falcon Ridge Lane

2 Beds

2 Baths

1,319 Sq.Ft.

$235,000

MLS#: 993965

Offering expansive, unobstructed Gulf views, this absolutely stunning 1-bedroom plus bunk residence at Calypso Tower III delivers the perfect blend of luxury, location, and lifestyle. Beautifully appointed with professionally curated coastal dĆ©cor, this condo is a standout opportunity for a private vacation retreat or a high-performing rental investment in one of Panama City Beach's most desirable beachfront resorts. Step inside to an open, light-filled layout designed to maximize comfort and views. The fully equipped kitchen showcases quartz countertops, GE stainless steel appliances, and a breakfast bar, ideal for entertaining after a day at the beach. The spacious living area flows seamlessly onto an oversized private balcony, where breathtaking sunsets and sweeping Gulf views create a daily show you'll never tire of. Every detail of this unit reflects quality, style, and thoughtful design—making it truly turn-key and rental-ready. Calypso Tower III offers an unmatched resort experience with lagoon-style zero-entry pool (heated seasonally), a spacious hot tub, nine private rentable cabanas, multiple tiki bars, the Emerald Hub bar & grill, fire pit and lounge areas, a large fitness center, and on-site dining and cafĆ© options—all just steps from the sugar-white sand and emerald waters. Beyond the resort, the location is second to none. Situated on the quieter west end of Panama City Beach and adjacent to Pier Park, owners and guests enjoy premier shopping, dining, live music, festivals, and year-round events within walking distance. Nearby attractions include Topgolf, Dave & Buster's, The Grand IMAX Theater, and seasonal concerts featuring nationally recognized performers. The iconic Russell-Fields Pier is just minutes away for fishing and sunset strolls, while Frank Brown Park Sports Complex hosts major tournaments that drive strong rental demand. Families will love the proximity to Gulf World Marine Park, amusement parks, water parks, championship golf courses, and endless outdoor recreation. This is a rare opportunity to own a front-row Gulf-view condo in one of Panama City Beach's most sought-after destinations—where luxury, entertainment, and investment potential come together seamlessly. Schedule your private tour today and experience just how stunning this Calypso Tower III residence truly is.
#784319

Panama City Beach

15928 Front Beach Road 31608

1 Beds

2 Baths

1,103 Sq.Ft.

$495,000

MLS#: 784319

First two weeks for approved applicant.

Welcome to your new fully furnished two-bedroom, two-bathroom townhouse in Panama City, FL! This move-in ready home features all the essentials you need, including a fridge, stove, microwave, washer, and dryer. The best part? The furniture can be removed if you prefer to bring your own. Don't miss out on this opportunity to make this cozy townhouse your own. Contact us today to schedule a viewing before it's gone!
#784300

Panama City

12322 Caruso Drive D

2 Beds

1 Baths

680 Sq.Ft.

$1,095

MLS#: 784300

Charming Modern Florida Cottage built in 2021 with solar panels for energy savings! Enjoy a light, airy aesthetic, durable metal roof, welcoming front porch, and private balcony—perfect for relaxing Florida mornings and evenings.
Inside, the open layout is filled with natural light and ideal for everyday living or entertaining. The attached garage offers convenience, while the low-maintenance exterior and solar system make this property cost-efficient and easy to enjoy year-round.
Conveniently located near shopping, dining, Tyndall AFB, and Panama City beaches. Newer construction, and competitively priced—schedule your private showing today!
#784320

Panama City

406 Raven Lane

3 Beds

2 Baths

1,496 Sq.Ft.

$280,000

MLS#: 784320

Welcome to beachside living at Peachtree Place II! This 2-bedroom, 2-bath condo features vinyl plank flooring throughout and new $7000 sliding glass hurricane resistant doors with a reflective coating that keeps the interior cooler. This corner unit has a spacious wraparound balcony—perfect for enjoying coastal breezes and a peek-a-boo view of the Gulf. Located on the second floor, this west-end retreat is just steps from the sand and minutes from Pier Park, shopping, and dining. The appliances are about 3 years old and the HVAC is 6 years old. Ideal for a second home, primary or short term rental investment.  This condo conveys unfurnished and offers a bright, fresh space ready for you to make it your own.
#784304

Panama City Beach

17690 Front Beach Road C207

2 Beds

2 Baths

962 Sq.Ft.

$300,000

MLS#: 784304

Discover incredible value in this brand new home located in a desirable new community in Freeport. The Springsteen floorplan features 4 bedrooms, 2 full bathrooms, and a flex room perfect for a home office, bonus space, or playroom. This thoughtfully designed home also includes a 2-car garage and a spacious covered back porch--ideal for outdoor living. Inside, enjoy high-end finishes such as quartz countertops, stainless steel appliances, and white shaker-style cabinets. The Hardie Board exterior offers timeless curb appeal and durability.
#993936

Freeport

147 Bent Oak Drive Homesite A15

4 Beds

2 Baths

2,000 Sq.Ft.

$315,990

MLS#: 993936

Luxury Pool Home on Rare phase 2 Cul-de-Sac Lot in Latitude Margaritaville Watersound! Welcome to this stunning Trinidad - Island Collection home located on a premium cul-de-sac lot just minutes from the world-class amenities. This beautifully appointed residence is being sold FULLY FURNISHED (with some exclusions) and features a gorgeous heated, saltwater POOL, creating the ultimate indoor/outdoor lifestyle. 4 bedrooms and 3 full baths, designed for both entertaining and everyday comfort. The elegant living room features vaulted ceilings, a full custom designed bar, statement sliding doors that open directly to the pool. Gourmet kitchen w/island, GE CafA(c) appliances, ice machine, walk-in pantry and more! A bright breakfast rm. Primary with luxurious bath. Flex/bedrm/den space and more!
#995447

Panama City Beach

8518 Flip Flop Court

4 Beds

3 Baths

2,568 Sq.Ft.

$935,000

MLS#: 995447

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. Ā© 2024. First Multiple Listing Service, Inc.
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