Panama City Beach Homes under $350,000

Panama City Beach Homes under $350,000

Welcome to Panama City Beach, Florida – a stunning coastal gem nestled in Bay County, where sun-kissed shores meet vibrant community living. Renowned for its breathtaking white sand beaches and emerald waters, Panama City Beach offers a laid-back lifestyle infused with a plethora of recreational activities, dining options, and entertainment venues. Whether you're a beach lover, an outdoor enthusiast, or someone who enjoys the charm of a close-knit community, this city has something for everyone.

One of the most appealing aspects of Panama City Beach is its diverse real estate market, particularly for those seeking homes under $350,000. Here, you can find an array of properties that cater to various lifestyles and preferences, from cozy beach cottages to modern townhomes. These affordable options make it an ideal destination for first-time homebuyers, retirees, or anyone looking to invest in a vacation rental in this sought-after locale.

Imagine waking up to the sound of waves crashing and enjoying your morning coffee with a view of the sparkling Gulf of Mexico. With the convenience of nearby attractions like St. Andrews State Park and Pier Park, you’ll never run out of things to do. Plus, the friendly atmosphere and welcoming community make it easy to feel right at home.

Discover the charm of Panama City Beach and explore the wonderful homes available under $350,000. This is more than just a place to live; it’s a lifestyle waiting to be embraced. Come and experience the magic of coastal living today!

Newest Panama City Beach Homes under $350,000

9900 S Thomas Drive Unit 2126, Panama City Beach
$329,900
1 Beds ⋅ 2 Baths ⋅ 796189 MLS
SUNSET VIEWS FROM THE BALCONY. SUNRISE VIEWS FROM THE PRIMARY BEDROOM. DEEDED PARKING. Shores of Panama 2126 is a beautifully maintained, professionally managed N floor plan featuring one bedroom, a bunk room, two full bathrooms, and a deeded parking space on the 11th floor. Positioned high above Panama City Beach, the condo offers Gulf views in two directions. From the living room and balcony, enjoy views across the resort's lagoon-style pool toward the Gulf, including southwest-facing sunset views. From the primary bedroom, the perspective shifts southeast along Panama City Beach's coastline, offering Gulf and sunrise views from the opposite side of the residence. Inside, coastal decor and LVP flooring throughout create a bright, cohesive interior. The primary bedroom includes a king-size bed and large flat-screen TV. The living room features a new U-shaped, deep-seated pullout sofa and large flat-screen TV. The kitchen is finished with granite countertops and stainless steel appliances, while a front-loading stackable washer and dryer provides in-unit laundry. The HVAC system was replaced in 2020, and the water heater was replaced in 2021. Documented rental income paid to the owner after management totaled $35,284.13 in 2024 and $30,135.85 in 2025. Completed stays through September 29, 2026, generated $27,818.74 after management and before other ownership expenses. Dolce Vita Getaways has also provided a projected annual rental revenue of $44,100, with an estimated range of $35,500 to $54,400 before management fees and ownership expenses. Past performance and projections are provided for informational purposes only and are not guarantees of future rental income. Shores of Panama Resort features one of the largest Gulf-front lagoon-style pools in Panama City Beach. The zero-entry tropical pool includes palm-lined islands, fountains, a spacious hot tub, and direct access to the resort's beachfront area. Additional amenities include an indoor heated pool and hot tub, a 24-hour fitness center, and a seasonal poolside Tiki bar. Located in the heart of Panama City Beach, Shores of Panama places dining, shopping, attractions, and entertainment nearby. Pineapple Willy's is adjacent to the resort, while Laketown Wharf directly across the street offers a variety of dining, retail, and entertainment options including Wharf Seafood Buffet, The Candymaker Ice Cream Shop, PCB Pizza, In Cahoots, The Press, The Bun Lab, 810 Billiards & Bowling, salon services, and more. Additional Panama City Beach attractions and entertainment venues include Dolly Parton's Pirates Voyage Dinner & Show, Topgolf, McGuire's Irish Pub, and Tootsie's Orchid Lounge. HOA dues are $3,147.62 per quarter. All information, rental income, projections, HOA fees, assessments, measurements, and property details are deemed reliable but not guaranteed; buyer to verify if important.

9900 S Thomas Drive Unit 2126, Panama City Beach

Listing courtesy of Coldwell Banker Realty.

8743 Thomas Drive Unit 1222, Panama City Beach
$339,000
1 Beds ⋅ 2 Baths ⋅ 796161 MLS
Gulf-front condo at The Summit Beach Resort in Panama City Beach! This well-located unit offers beautiful Gulf views and direct access to the white-sand beach from one of PCB's established beachfront resorts. The Summit is a 15-story complex on Thomas Drive, close to restaurants, shopping, entertainment, and popular area attractions. Resort amenities include multiple pools, hot tubs, a fitness center, tennis and basketball courts, shuffleboard, saunas, on-site dining, a convenience/gift shop, and direct beach access. The condo offers a functional layout with a private balcony overlooking the Gulf, making it a great option for a primary residence, second home, or vacation-rental investment. Enjoy incredible sunsets, easy beach access, and the convenience of resort-style amenities right outside your door. The Summit's central Thomas Drive location keeps you close to everything Panama City Beach has to offer while still giving you the full beachfront experience.

8743 Thomas Drive Unit 1222, Panama City Beach

Listing courtesy of Fun Quest Vacation Rentals Corp.

306 Carolyn Avenue, Panama City Beach
$299,000
3 Beds ⋅ 2 Baths ⋅ 796135 MLS
Solid brick home, even better neighborhood, and a great opportunity in Panama City Beach's established Woodlawn community. Located at 306 Carolyn Avenue, this 3-bedroom, 2-bath home offers approximately 2,012 square feet of heated and cooled living space, plus an additional approximately 350 square feet in the enclosed sunroom/Florida room that is not included in the reported heated and cooled square footage. Inside, the functional single-story layout includes an open kitchen with breakfast bar, living and dining areas, a dedicated office or study, and flexible bonus space in the enclosed sunroom. The home provides a generous footprint for a buyer looking to update, renovate, personalize, or add value over time. Situated on an approximately 0.23-acre lot, the property features an established yard with irrigation and room for outdoor entertaining, gardening, pets, or future improvements. The Woodlawn neighborhood adds to the appeal with access to a community public boat launch area, while nearby JDF Marina offers added convenience for boat storage, slips, rentals, and access to area waterways, Shell Island, and the Gulf. Enjoy a central Panama City Beach location near beaches, boating, fishing, shopping, dining, entertainment, and everyday conveniences. Whether you are searching for a primary residence, second home, renovation project, or Panama City Beach investment opportunity, 306 Carolyn Avenue offers flexible space, boating access, and potential in a desirable established neighborhood.

306 Carolyn Avenue, Panama City Beach

Listing courtesy of Corcoran Reverie.

496 Melrose Way, Panama City Beach
$320,000
3 Beds ⋅ 3 Baths ⋅ 796115 MLS
Located on Hwy 79 near main roads and highways, the location is near Panama City Beach and the airport. New hospital just a mile away to be completed in 2027. Unit has 3 bedrooms and 2 full baths on second floor. The half bath is convientent ajacent to the kitchen. As you enter the unit, the foyer leads to the open kitchen with center island, a large living area and adjoining dining area. The kitchen includes a stainless steel appliance package with smooth top stove, dishwasher and microwave, a pantry and beautiful white cabinetry in Ivory. Upstairs you will find the primary bedroom, and two additional bedrooms and launtry area.

496 Melrose Way, Panama City Beach

Listing courtesy of RE Florida Homes.

404 Wisteria Street, Panama City Beach
$349,000
3 Beds ⋅ 1 Baths ⋅ 796097 MLS
Your Florida Beach Cottage Awaits! Just a short stroll to the beautiful Gulf beaches--this charming 3-bedroom, 1-bath block home is ready for its next chapter! It has been recently updated with new cabinets, countertops, stainless steel appliances and new lighting fixtures. With classic terrazzo floors, a nice-sized lot, (50x140) and plenty of room to create your own backyard oasis--including space for a pool--this property is full of possibilities. Use it as your full-time Florida retreat or second home, getaway where you can relax, make memories, and enjoy everything beach life has to offer. Block construction adds peace of mind, while the location puts you close to the sand, sunshine, and all the fun of the coast. Centrally located you are a short drive to pier park and on the opposite direction a short drive to everything the east end of PCB has to offer. Pack your flip-flops and come see why this little beach cottage could be the perfect place for your slice of paradise!

404 Wisteria Street, Panama City Beach

Listing courtesy of Beachy Beach Real Estate.

7679 Grotto Lane Unit 18, Panama City Beach
$289,900
4 Beds ⋅ 3 Baths ⋅ 796074 MLS
NO RENTAL RESTRICTIONS!!! Waypoint by Traton Homes, a vibrant new community of townhomes located on Front Beach Road in Panama City Beach, Florida. Waypoint offers 72 homes just under 3 miles from the beach, 1.5 miles from Dolphin Bay, and approximately 20 miles from the Northwest Florida Beaches International Airport. Residents will enjoy easy access to local attractions, with Pier Park only 7 miles away and Hathaway Bridge nearby, serving as the gateway to Panama City proper. The community is also conveniently situated near the Naval and Coast Guard bases. Each townhome features 3 or 4 bedrooms, including a bedroom with a full bath on the main level. The open concept living space includes a modern kitchen with an island, a dining area, and a family room that opens to a private back patio. Upstairs, the spacious owner's suite offers a walk-in closet, and an ensuite bath with a double vanity, a shower, and a separate water closet. Two additional bedrooms, an additional full bath, and a conveniently located laundry room complete the upper level.

7679 Grotto Lane Unit 18, Panama City Beach

Listing courtesy of TH Coastal Realty.

17614 Front Beach Road Unit E3, Panama City Beach
$215,000
1 Beds ⋅ 1 Baths ⋅ 796037 MLS
This condo is perfectly located on the west end of Panama City Beach and works great as a short-term rental, second home, or primary residence. It's just steps from the beach access and sits right by the pool in the backyard, making it super convenient for beach and pool days. Whether you're looking for a place to enjoy yourself or an investment with solid rental potential, this condo offers an easy, laid-back beach lifestyle in a great location.

17614 Front Beach Road Unit E3, Panama City Beach

Listing courtesy of Keller Williams Success Realty.

509 Pinetree Drive Unit A & B, Panama City Beach
$279,997
3 Beds ⋅ 3 Baths ⋅ 796030 MLS
INVESTOR'S DREAM on the highly desirable west end of Panama City Beach! This unique property offers TWO separate units on a double lot, creating multiple opportunities for the savvy investor. Utilize the existing units as short-term vacation rentals, generate steady income with long-term rentals, or explore the potential to finish the downstairs garage area to create additional usable space and increase the property's income potential. Looking for a larger redevelopment opportunity? Take advantage of the double lot and explore the possibility of removing the existing structures and building brand-new construction. With its west-end location near 30A and the beaches, this property offers flexibility that's increasingly hard to find in Panama City Beach. Whether you're looking for STR potential, long-term rental income, a value-add project, or a future new-build opportunity, 509 Pinetree Drive gives you multiple ways to make the property work for your investment strategy. Bring your vision and take advantage of this rare west-end opportunity!

509 Pinetree Drive Unit A & B, Panama City Beach

Listing courtesy of Salty Marlin Realty LLC.

9902 S Thomas Drive Unit 1835, Panama City Beach
$250,000
1 Beds ⋅ 2 Baths ⋅ 796028 MLS
What makes a vacation condo stand out to guests? Start with a view they'll want to photograph. Unit 1835, located across from the Gulf becomes part of the experience--morning coffee with a coastal backdrop, an afternoon break between outings, and a place to unwind when the day winds down. Come tour this 18th-floor condo and see how that view shapes the space. Inside, the open living and dining area offers a comfortable place to gather after a day at the beach. A full kitchen gives owners and guests the flexibility to make breakfast before heading out, bring lunch back between swims, or enjoy an easy dinner in. The additional sleeping space adds versatility for visitors traveling together. Unit 1835 has the everyday comforts people appreciate on a longer stay, while its balcony and resort setting deliver the sense of escape they came to Panama City Beach to find. For an investor, the appeal extends beyond the condo door. Laketown Wharf offers five pools, a fitness center, a lakefront boardwalk, covered parking, and on-site dining. Guests can spend a full day enjoying the resort, head to the beach nearby, or explore the restaurants and entertainment around Panama City Beach. Those choices give visitors plenty to look forward to when planning a trip--and give an owner a distinctive setting to showcase when marketing a stay. Unit 1835 also offers the flexibility to enjoy the property yourself. Picture a spontaneous beach weekend with your own place to return to, time by the pool, and a balcony where you can pause and take in the Gulf view. When you're considering a coastal investment, it helps to find a property you can imagine using as well as sharing with guests. Photos can introduce the view, but a tour lets you experience it from the balcony and walk through the condo's layout for yourself. See the living space, consider how guests would use it, and explore the amenities that make Laketown Wharf a recognizable Panama City Beach destination. Schedule your showing of Unit 1835 and discover its potential firsthand.

9902 S Thomas Drive Unit 1835, Panama City Beach

Listing courtesy of Palms to Pines Real Estate LLC.

6532 Harbour Boulevard, Panama City Beach
$324,900
2 Beds ⋅ 3 Baths ⋅ 796026 MLS
WATERFRONT LIVING IN PANAMA CITY BEACH UNDER $325K! Welcome to 6532 Harbour Boulevard, a canal-front townhome offering the coastal lifestyle buyers are looking for at an approachable price point. Located in the gated Harbour Towne community, this 2-bedroom, 2.5-bath home features a bonus space overlooking the canal, perfect for a home office, reading nook or additional sitting area. Step outside to your waterfront patio and backyard overlooking the canal, where you can hop on the boat and spend the day cruising the bay, fishing, or venture out to the Gulf for a day on the water. A BRAND-NEW ROOF adds even more value and peace of mind for the next owner. Harbour Towne offers an impressive lineup of community amenities including two pools, pickleball courts, tennis courts and a community center, with Bayside Marina nearby. Conveniently located in Panama City Beach with easy access to the beaches, shopping, dining and surrounding areas, this property offers the best of both waterfront living and everyday convenience. Whether you're searching for a primary residence, second home or your own Panama City Beach getaway, this is an opportunity to enjoy canal-front living without the typical waterfront price tag. Schedule your private showing and come see what makes this waterfront townhome special!

6532 Harbour Boulevard, Panama City Beach

Listing courtesy of Salty Marlin Realty LLC.

117 Fossil Falls, Panama City Beach
$350,000
3 Beds ⋅ 3 Baths ⋅ 796025 MLS
Best lot in the community of Waterfall, where comfort meets coastal charm! Sitting on the banks of a sweet community lake, you'll love this location -- close to the beach, eateries, shopping, and great schools -- and right next to a natural conservation area. This thoughtfully designed two-story townhome offers over 2,000sf of livable space with 3 bedrooms and 2.5 baths. The desirable end unit position gives extra windows and light on that entire side of the house. An open concept main level connects the living, dining and kitchen areas with surprising spaciousness enhanced by high ceilings. French doors lead to an open-air patio, fenced backyard, serene community lake, and sunsets over the tranquil nature preserve. You will find the full kitchen has a breakfast bar, lots of cabinets, walk-in pantry, and dining area. A half bath on the main level adds everyday convenience. The oversized 1-car garage has shelving for storage and an extra side-by-side refrigerator so your kitchen one remains easily organized. Moving to the second level you will find a split bedroom floor plan with two of them showing off incredible views over the adjacent forested lands. The large owner's suite overlooks the small lake, has its own bathroom and generous walk-in closet. The two additional bedrooms share a full bathroom with a shower/tub combo and one has a walk-in closet. For added convenience, the laundry room is upstairs by the bedrooms and comes complete with a full-size washer and dryer. The stacked stone accents and covered front entry make for nice curb appeal. Waterfall has a beautiful neighborhood pool in the midst of the woods, underground utilities, and sidewalks so pet friendly. Panama City Beach is a lifestyle that blends relaxation with adventure -- where every day feels a little like vacation with a sense of community. Whether you're looking for a primary residence, second-home getaway, or a long-term rental investment opportunity, this property is what you are looking for. Call today for your private tour!

117 Fossil Falls, Panama City Beach

Listing courtesy of Counts Real Estate Group Inc.

8700 Front Beach Road Unit 4104, Panama City Beach
$299,000
3 Beds ⋅ 3 Baths ⋅ 796024 MLS
Welcome to resort-style living at Island Reserve! This spacious ground-floor 3-bedroom, 2.5-bath condominium offers approximately 1,761 square feet and an opportunity to make this home your own. Being offered as a VA foreclosure, this property is ready for a new owner to bring their personal touches and vision. Island Reserve is a beautifully maintained gated community in the heart of Panama City Beach, known for its tropical, resort-style atmosphere. Enjoy palm-tree-lined walkways and lush landscaping throughout the community, along with an impressive lagoon-style zero-entry pool featuring a rock waterfall. Community amenities also include a fitness center, indoor basketball and pickleball, game room, media/theater room, hot tub and covered parking garage. The ground-floor location provides convenient access without the need to depend on elevators and makes coming and going a breeze. Centrally located along Front Beach Road with convenient access to the beautiful white-sand beaches of the Gulf of Mexico, shopping, dining, entertainment, golf and everything Panama City Beach has to offer. Whether you're looking for a primary residence or a second home at the beach, this spacious Island Reserve condo offers tremendous potential. Bring your ideas and make Unit 4104 your own piece of paradise in Panama City Beach! VA FORECLOSURE -- property is being sold AS-IS. Buyer to verify all measurements, information and community restrictions if important.

8700 Front Beach Road Unit 4104, Panama City Beach

Listing courtesy of Five Star Realty Group, LLC.

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