Bay County Homes under $500,000

Bay County Homes under $500,000

Welcome to Bay County, Florida – a hidden gem on the Gulf Coast that effortlessly combines natural beauty with vibrant community living. Known for its stunning beaches, lush parks, and a welcoming atmosphere, Bay County is the perfect place to call home for families, retirees, and everyone in between.

Bay County boasts a variety of charming neighborhoods, each offering unique amenities and a sense of community. With a rich cultural heritage, residents enjoy year-round festivals, delicious local cuisine, and a plethora of outdoor activities. From boating and fishing to hiking and biking, the options for adventure are endless. The area is also home to top-rated schools and healthcare facilities, making it an ideal location for families looking to settle down.

One of the most appealing aspects of Bay County is the availability of homes under $500,000. Whether you’re searching for a cozy beach cottage, a modern family home, or a stylish condo with breathtaking views, you’ll find a diverse range of properties that cater to various lifestyles and budgets. The real estate market here is thriving, with opportunities for first-time homebuyers and seasoned investors alike.

Imagine waking up to the sound of waves crashing and enjoying sunsets over the water from your own backyard. With affordable housing options and a community that feels like family, Bay County is not just a place to live; it’s a place to thrive. Explore the possibilities today and discover your dream home in this enchanting coastal paradise!

Newest Bay County Homes under $500,000

3700 George Lane, Southport
$250,000
3 Beds ⋅ 2 Baths ⋅ 796200 MLS
USDA 100% financing eligible! Welcome to this charming Southport home offering 3 bedrooms, 2 bathrooms, and 1,514 square feet of comfortable single-story living. Situated on a spacious .61-acre lot at the end of a peaceful cul-de-sac, this property offers a rare combination of privacy, usable outdoor space, and convenience. The floor plan features an open dining and living area, new LVP flooring, and a kitchen with butcher block countertops and stainless steel appliances. A generously sized bonus/flex room, created from the converted garage, provides plenty of versatility for a home office, playroom, media room, gym, or additional living space. Outdoor living is a standout feature, with a covered front porch and large covered back patio overlooking the fully fenced backyard. The expansive lot provides plenty of room to enjoy, entertain, garden, or simply spread out and make the space your own. Additional updates include a 2019 roof, 2022 water heater, and an installed Culligan reverse osmosis drinking water system that conveys with the sale. Located with easy access to Southport and Lynn Haven, this home offers the space and quiet of a larger lot while remaining close to everyday conveniences.

3700 George Lane, Southport

Listing courtesy of Empire Real Estate of Florida LLC.

301 Lakeside Drive, Panama City
$299,000
3 Beds ⋅ 3 Baths ⋅ 796198 MLS
Welcome home to this beautifully maintained property tucked away on a quiet cul-de-sac! This inviting home offers a functional, family-friendly floor plan with spacious bedrooms, custom touches throughout, a cozy family room with fireplace, and an updated kitchen with breakfast nook. A separate formal dining area provides additional flexibility and could easily serve as a home office. Step outside to a spacious, fully privacy-fenced backyard backing up to a conservation area for added peace and privacy. The screened-in back porch is the perfect spot for morning coffee, entertaining, or fall football nights. An attached two-car garage provides plenty of additional storage. Conveniently located near Tyndall Air Force Base with easy access to shopping, dining, schools, and everyday necessities, this home offers a wonderful combination of comfort, privacy, and convenience in a peaceful neighborhood setting.

301 Lakeside Drive, Panama City

Listing courtesy of Think Real Estate.

7516 Olde Mill Road, Southport
$349,900
2 Beds ⋅ 4 Baths ⋅ 796196 MLS
Rare opportunity to own 2.71 acres of waterfront property on Gainer Bayou in Southport! Situated on a gated corner lot at Olde Mill Road and County Road 2321, this unique property offers plenty of space, privacy and direct bayou frontage. The property includes an existing 2-bedroom, 2-bath home with approximately 1,080 square feet, along with a detached workshop/storage structure and a fully fenced perimeter. Whether you're looking for a waterfront homesite, room for your boats and recreational equipment, a renovation project, or property with future development potential, this acreage offers numerous possibilities. Enjoy the peaceful setting of North Bay County while remaining convenient to Panama City, Lynn Haven, shopping, dining and area recreation. Properties combining waterfront, acreage and this much usable space are increasingly difficult to find. Bring your vision and take advantage of the possibilities offered by this 2.71-acre Gainer Bayou property. Buyer to verify all measurements, zoning, development potential and waterfront access important to the buyer.

7516 Olde Mill Road, Southport

Listing courtesy of Emerald Coast Realty Group.

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.

11925 Camellia Street, Fountain
$175,000
3 Beds ⋅ 2 Baths ⋅ 796185 MLS
Welcome to your virtually new, move-in-ready home built in 2024 and officially converted to real property with the title retired, making it fully eligible for standard conventional, FHA, and VA financing. Situated in peaceful Fountain, Florida, this 3-bedroom, 2-bathroom residence features a smart split-floor plan designed for maximum privacy, placing the master suite--complete with a separate shower and a relaxing soaking tub--on one side of the home, while the two guest bedrooms and second full bathroom sit comfortably on the opposite side. The open-concept kitchen serves as the heart of the home, equipped with sleek stainless steel appliances and a large center island ideal for cooking and gathering. Outside, the fully fenced property includes two convenient rolling gates for easy vehicle or equipment access, a practical storage shed, and a built-in irrigation system to keep the lawn lush year-round. Enjoy quiet country living while staying close to everyday essentials, with local grocery stores just a short drive away, Lynn Haven roughly 20 to 25 minutes away for shopping and dining, and Panama City Beach about 45 minutes away foWelcome to your virtually new, move-in-ready home built in 2024 and officially converted to real property with the title retired, making it fully eligible for standard conventional, FHA, and VA financing. Situated in peaceful Fountain, Florida, this 3-bedroom, 2-bathroom residence features a smart split-floor plan designed for maximum privacy, placing the master suite--complete with a separate shower and a relaxing soaking tub--on one side of the home, while the two guest bedrooms and second full bathroom sit comfortably on the opposite side. The open-concept kitchen serves as the heart of the home, equipped with sleek stainless steel appliances and a large center island ideal for cooking and gathering. Outside, the fully fenced property includes two convenient rolling gates for easy vehicle or equipment access, a practical storage shed, and a built-in irrigation system to keep the lawn lush year-round. Enjoy quiet country living while staying close to everyday essentials, with local grocery stores just a short drive away, Lynn Haven roughly 20 to 25 minutes away for shopping and dining, and Panama City Beach about 45 minutes away for the coast.r the coast.Call now and dont miss your chance.

11925 Camellia Street, Fountain

Listing courtesy of Keller Williams Success Realty.

7205 Thomas Drive Unit A604, Panama City
$475,000
2 Beds ⋅ 2 Baths ⋅ 796178 MLS
BUILDING BEEING COMPLETELY RENOVATED!! 2 / 2 unit is on the west side of the building with sunset views. The open kitchen has ample countertop space with a breakfast bar, stainless appliances, updated bathrooms, washer and dryer. 1,500 ft. of sugar-white beachfront, three large gulf-front pools that are seasonally heated, volleyball, lighted tennis courts, basketball, shuffleboard, swing sets on the beach, outdoor BBQ grills, picnic tables, fitness room, wireless internet throughout the property, private meeting rooms available for rent and onsite beach chair and umbrella rentals. All measurements and info estimated/approximate. Buyer should verify any and all information that they deem to be important!

7205 Thomas Drive Unit A604, Panama City

Listing courtesy of Counts Real Estate Group.

8485 Dreams Float Court, Panama City Beach
$394,900
2 Beds ⋅ 2 Baths ⋅ 796177 MLS
Discover this perfect FULLY FURNISHED/TURNKEY Camellia Cottage in Phase 5 of the 55+ Latitude Margaritaville Watersound -- ideally positioned on one of the rarest and most desirable lots in the community and just minutes to the Town Center and incoming Publix. This home faces a wide, peaceful green space and natural preserve, offering privacy, quiet mornings, and the kind of view relocation buyers dream of when moving to Latitude and a rare find for a small cottage. This home is being sold fully furnished, turnkey and move-in ready -- including pots, pans, dishes, linens, décor, and high-end Ashley and Rooms To Go furniture. With an accepted offer, the GOLF CART also conveys, making your transition effortless from day one. All appliances convey: washer, dryer, refrigerator, range, microwave, and dishwasher. Thoughtful upgrades add comfort and convenience throughout: -Epoxy garage floor -Designer lighting and fans - Recessed lighting in kitchen - great room, dining, and porch - 20-amp garage outlet for golf cart charging - High-mounted TV jacks at lanai and great room - GFI outlet at porch - Pocket door from primary bedroom to bath - Whole-house faux wood blinds - 12'' cabinet above refrigerator - Kitchen cabinet crown molding - Single-mount kitchen sink with soap dispenser. This lot quality, turnkey furnishings, included golf cart, and lifestyle value make this home an exceptional opportunity for relocation buyers seeking a smooth, stress-free move. Enjoy preserve views from your lanai, host friends in your beautifully furnished great room, and cruise to the Town Center the moment you arrive -- this home delivers the easy, breezy Margaritaville lifestyle without the wait, without the hassle, and without needing to lift a finger. With the Publix underway and many businesses already open, this cottage is just minutes to the retail that is coming to life. Latitude Margaritaville Watersound is the premier 55+ community with literally unmatched private amenities in the area to include a resort style pool, restaurant, 3 bars, state of the art fitness center, dog park, dog spa, woodworking, pottery, full size theatre, pickleball, bocce, tennis, basketball, cornhole, pool table, table tennis and live music 7 DAYS A WEEK and events, groups and clubs galore. You're going to love it here!

8485 Dreams Float Court, Panama City Beach

Listing courtesy of Bob Hodges And Sons Realty.

117 Summer Breeze Road, Panama City Beach
$479,000
3 Beds ⋅ 2 Baths ⋅ 796176 MLS
One man's loss may truly be another buyer's gain at 117 Summer Breeze Road. The current owner invested a tremendous amount of money in getting this home ready for retirement but a change in plans now creates an opportunity to own one of the largest floor plans in Summer Breeze at an incredibly low price for the amount of upgrades and money spent. Designed and upgraded with long-term comfort in mind, this 3BR/2BA residence offers approx. 2,160 SF. Inside, soaring ceilings, crown molding, fresh paint, and refined finishes create a polished coastal feel. The newly updated kitchen features soft-close cabinetry, premium granite, stainless steel appliances, and a sleek tile backsplash. Paid-off solar panels help keep the current electric bill near low, while a newer high-end HVAC system, hybrid heat-pump water heater, updated attic insulation, hurricane shutters, and sprinkler system with private well add serious efficiency and value. Outside, enjoy a private screened pool, fenced backyard, and oversized two-car garage with room for the golf cart. Washer and dryer remain, and the home may be sold furnished. Tucked away on the quiet west end of Panama City Beach, south of Hwy 98, just minutes from Pier Park and a short golf-cart ride to Front Beach Road and the Gulf. Low HOA of approx. $300/year. No short-term rentals.

117 Summer Breeze Road, Panama City Beach

Listing courtesy of Keller Williams Realty Emerald.

3126 Willie Drive, Southport
$420,000
4 Beds ⋅ 3 Baths ⋅ 796175 MLS
Welcome to Hodges Bayou! If you're looking to get outside of the hustle and bustle of the city while keeping everything within a short distance, this is a wonderful place to call home. Enjoy peaceful country-side living with a short drive to Lynn Haven and Central Panama City, plus a smooth backroad route down HWY 388 to Panama City Beach! Hodges Bayou is zoned for Southport Elementary and Deane Bozeman for middle and high school, with bus transportation available! This 4 bedroom, 2. ½ bath home features the popular Victoria floor plan and sits on a larger lot with a beautiful pond right behind it. The backyard is fully fenced, giving you plenty of room to enjoy the outdoors while still taking in that pretty water view, and an irrigation system helps keep the yard looking its best. Step inside through the spacious foyer, where you'll find the convenient half bath before continuing down the hall. To the left are three generously sized guest bedrooms, the guest bathroom, and a dedicated laundry space. The main living area is open, bright, and SPACIOUS. There's plenty of room for that massive sectional you've been wanting! Tons of natural light beams through the living space, which flows right into the kitchen. The kitchen offers a large island, pantry, and cabinets galore, giving you plenty of storage and room for your family or guests. The primary suite is tucked away and features a spacious ensuite bathroom with a huge soaker tub, separate shower, and large walk-in closet. & don't forget the backyard! A huge covered back porch overlooks the fully fenced yard and pond, making it the perfect spot for morning coffee, grilling out, or winding down at the end of the day. With a larger lot, beautiful water view, and plenty of indoor AND outdoor space, this one has so much to offer. Come check it out!

3126 Willie Drive, Southport

Listing courtesy of Keller Williams Success Realty.

6639 Kettles Street, Panama City
$284,900
3 Beds ⋅ 2 Baths ⋅ 796174 MLS
Welcome to Liberty! This beautifully maintained 3-bedroom, 2-bath, Jemison floor plan is situated on a desirable corner lot and offers 1,648 sq. ft. of comfortable modern living. The open concept floor plan features a spacious kitchen with island, stainless steel appliances, and a walk in pantry, flowing seamlessly into the living and dining area. The split-bedroom layout provides privacy, with primary suite featuring a walk-in-closet and ensuite bath. Enjoy the convenience of smart-home technology throughout, along with a fully fenced vinyl backyard, perfect for pets, entertaining or relaxing outdoors. Liberty offers resort-style community amenities, including a 7,500 square foot community center, swimming pools, splash pad, fitness center, playground, walking areas and sidewalks. If you're looking for a newer, low-maintenance home on a corner lot with modern features and fantastic community amenities, this one is ready to welcome you home!

6639 Kettles Street, Panama City

Listing courtesy of People 1st Real Estate, LLC.

214 Summerwood Drive, Panama City Beach
$489,999
3 Beds ⋅ 2 Baths ⋅ 796172 MLS
This gorgeous tropical home in Summerwood subdivision stands out above the rest! Inside you'll find 3 bedrooms and 2 full bathrooms, durable vinyl plank flooring, stainless steel appliances, and a comfortable, functional layout. Additional highlights include impact-resistant windows and a newer roof. Step outside to a lush tropical backyard offering a private coastal retreat with a built-in covered grilling area, pergola seating area, and quaint water features. Located on the west side of the Summerwood subdivision, the home is perfectly positioned to enjoy the colorful evening glow and lights of the beach area while still offering the feel of an established residential neighborhood. No Short Term Rentals. An excellent location for enjoying the beach and Pier Park shopping and dining.

214 Summerwood Drive, Panama City Beach

Listing courtesy of Berkshire Hathaway HomeServices Beach Properties of Florida.

17757 Front Beach Road Unit 1406D, Panama City Beach
$395,000
1 Beds ⋅ 2 Baths ⋅ 796171 MLS
On the beautiful west end of Panama City Beach, Celadon is a great complex with amenities that create a great beach get away. Enjoy stunning views from the balcony, enjoy the pools and hot tubs, or enjoy the beach only steps from the elevator.

17757 Front Beach Road Unit 1406D, Panama City Beach

Listing courtesy of Coldwell Banker Realty.

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