Island Reserve Homes under $400,000

Island Reserve Homes under $400,000

Welcome to Island Reserve, an enchanting subdivision nestled in the heart of Panama City Beach, Florida. This charming community offers a perfect blend of coastal living and suburban comfort, making it an ideal destination for families, retirees, and anyone seeking a serene lifestyle by the sea.

Island Reserve is renowned for its stunning architecture and beautifully landscaped grounds, featuring a variety of homes that cater to diverse tastes and budgets. One of the standout features of this community is its impressive selection of homes priced under $400,000. This affordability allows residents to enjoy the coastal lifestyle without breaking the bank, making it a sought-after area for both first-time buyers and seasoned investors alike.

The homes in Island Reserve are designed with modern living in mind, featuring open floor plans, spacious bedrooms, and well-appointed kitchens that make entertaining a breeze. Many properties also boast private outdoor spaces, perfect for enjoying the warm Florida sunshine or hosting weekend barbecues with friends and family.

Beyond the beautiful homes, Island Reserve offers residents access to a wealth of amenities. The community features a sparkling pool, fitness center, and clubhouse, fostering a sense of camaraderie among neighbors. With its close proximity to stunning beaches, shopping, dining, and recreational activities, Island Reserve is a haven for those who appreciate the best of both worlds – a peaceful retreat and vibrant community life.

Discover the charm of Island Reserve today, where your dream home awaits in the sun-kissed paradise of Panama City Beach!

Newest Island Reserve Homes under $400,000

8700 Front Beach Road Unit 1212, Panama City Beach
$279,900
2 Beds ⋅ 3 Baths ⋅ 797019 MLS
A $10,000 FLEX CASH incentive makes this Island Reserve condo an opportunity you won't want to miss! The seller's Flex Cash may be used toward a price reduction, closing costs and fees, or an interest rate buydown. Welcome to 8700 Front Beach Road, Unit 1212-a spacious 2-bedroom, 2.5-bath condo with 1,325 square feet in the gated Island Reserve community. Set on the second floor in a highly convenient location, this unit has no neighboring condo on one side, offering a little extra privacy. Inside, the open-concept layout brings the kitchen, dining area, and living room together in a bright, welcoming space made for relaxing or entertaining. Both bedrooms are private suites with generous closet space, and the half bath is perfectly positioned for guests. Open the doors to your large private balcony from the living room or either bedroom and enjoy the easygoing coastal breeze. Monthly HOA dues include access to the community amenities and several services, including accounting and management, pest control, cable TV, dumpster service, Wi-Fi, water, and sewer. Residents can also enjoy the pool, fitness area, community room, game room, gated access, and tennis courts-all included with the HOA dues. Make the most of Island Reserve's resort-style amenities: a lagoon-style pool with waterfalls and a splash pad, fitness center, indoor basketball and pickleball courts, clubhouse, game room, and more. The beach is approximately 1.5 miles away, with Panama City Beach dining, shopping, and entertainment nearby. Whether you're looking for a full-time home, a beach getaway, or an investment opportunity, this inviting condo offers the space, location, and lifestyle to make it your own.

8700 Front Beach Road Unit 1212, Panama City Beach

Listing courtesy of Dalton Wade Inc.

8700 Front Beach Road Unit 7313, Panama City Beach
$195,000
1 Beds ⋅ 2 Baths ⋅ 796313 MLS
Island Reserve, a premier gated community just minutes from the beautiful beaches of Panama City Beach. Island Reserve offers a true resort lifestyle with a spectacular 1-acre lagoon pool featuring waterfalls, lap area, zero-entry access, hot tub, and outdoor showers. This 3rd floor 1 bedroom, 1.5 bath condo is 1588 sq ft of thoughtfully designed living space with resort-style living in one of the area's most sought-after communities. Residence features 10-foot ceilings with crown molding, double-pane windows, and a bright open layout perfect for everyday living or entertaining. The kitchen is beautifully appointed with granite countertops and stainless steel appliances. The primary bathroom offers a spa-like soaking tub, walk-in shower, double vanity, 2 large walk-in closets. This home has a Culligan water filtration system in place and closets galore throughout the entire condo! Located just down the hall from the parking garage, accessing the unit with that load of groceries is easier than ever. Go straight to the 3rd floor of the parking garage. Residents also enjoy a beautifully appointed clubhouse with a fitness center, indoor basketball and pickleball courts for year-round play, theater room with a 100-inch screen, game room. The community is pet-friendly. Just minutes from the Gulf, shopping, dining, golf, this beautifully maintained condo delivers the perfect blend of luxury, location, and low-maintenance living. No short-term rentals permitted. Island Reserve offers a peaceful residential environment while still being close to everything Panama City Beach has to offer.

8700 Front Beach Road Unit 7313, Panama City Beach

Listing courtesy of Keller Williams Success Realty.

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.

8700 Front Beach Road Unit 6310, Panama City Beach
$229,500
1 Beds ⋅ 2 Baths ⋅ 795490 MLS
Beautifully updated and exceptionally spacious, this 1-bedroom, 1.5-bath end condo offers one of the most desirable and unique layouts! With an impressive 1,588 square feet of living space spanning two levels, this immaculate residence features fresh paint, new LVP flooring, 10-foot ceilings, crown molding, new light fixtures, abundant storage, and two private balconies overlooking the resort-style pool. Occupying the top two floors of the building, this condo shares only one wall with a neighboring unit, offering added privacy along with beautiful sunset and pool views. The main level features an open and spacious living and dining area, half bath, private balcony, and a well-appointed kitchen with stainless steel appliances, granite countertops, modern backsplash, and solid wood cabinetry. Upstairs, you'll find an oversized primary bedroom with added soundproofing, two walk-in closets, and access to a second private balcony. The beautifully updated primary bath features a double vanity and walk-in shower. This level also includes the laundry area with a new washing machine, an oversized owner's closet, and plenty of additional storage throughout. Located within a gated community, owners and guests can enjoy resort-style amenities including a pool with waterfalls, hot tub, interactive splash pad, fitness center, basketball court, game room, and media center. Conveniently located on Front Beach Road and just minutes from the sugar-white sands and emerald-green waters of Panama City Beach, this property offers easy access to shopping, dining, entertainment, and everything the beach has to offer. Furniture is negotiable. Spacious, updated, private, and move-in ready--this is a truly unique property you won't want to miss!

8700 Front Beach Road Unit 6310, Panama City Beach

Listing courtesy of Counts Real Estate Group Inc.

8700 Front Beach Road Unit 1217, Panama City Beach
$350,000
3 Beds ⋅ 3 Baths ⋅ 794760 MLS
Welcome to Unit 1217 at Island Reserve, located in one of Panama City Beach's most desirable gated residential communities. Offering 3 bedrooms, 2.5 bathrooms, and a spacious, flexible floor plan, this beautifully designed unit is ideal as a primary residence, second home, or long-term investment property. Island Reserve does not permit short-term rentals, creating a true residential atmosphere, while long-term rentals are allowed with a minimum lease term of 6 months and 1 day. Inside, you'll find an open concept living area with high ceilings, stainless steel appliances, and plenty of space for both everyday living and entertaining. The primary suite features a generous walk-in closet, soaking tub, and separate walk-in shower. One of the highlights of the unit is the large wraparound corner balcony overlooking the resort-style pool, providing an incredible outdoor extension of the living space. Island Reserve is known for its exceptional amenities, including a lagoon-style pool with zero-entry access, hot tub, outdoor showers, fitness center, indoor basketball and pickleball courts, theater room, game room, clubhouse, and gated parking garage. HOA dues include utilities with the exception of electricity and personal Wi-Fi upgrades, along with exterior maintenance and repairs and pest control. All of this is located just minutes from the sugar-white sandy beaches of Panama City Beach, giving you the convenience of being close to the beach while enjoying the privacy, security, and residential feel of a gated community. Unit 1217 offers the space, amenities, and location to enjoy the best of the Panama City Beach lifestyle without the constant turnover of short-term rentals. Some furnishings are negotiable. Schedule your showing today!

8700 Front Beach Road Unit 1217, Panama City Beach

Listing courtesy of Legacy Premier Agency.

8700 Front Beach Road Unit 4110, Panama City Beach
$250,000
2 Beds ⋅ 3 Baths ⋅ 794320 MLS
Luxury living at Island Reserve in Panama City Beach! This spacious 2-bedroom, 2.5-bathroom condo spans 1,325 square feet of beautifully designed interior space. The thoughtful layout features an open-concept living area seamlessly connecting the kitchen, dining, and main living spaces--ideal for effortless entertaining and everyday comfort. Both full bedrooms serve as private suites with generous closet space, while a convenient half-bath accommodates guests. Stepping outside, you will find a large private balcony accessible from the living room and bedrooms, perfect for taking in the fresh coastal breeze. Situated in a premier gated community, residents enjoy an exceptional array of resort-style amenities, including a massive one-acre resort lagoon-style pool complete with waterfalls and a splash pad, a fully equipped fitness center, an indoor basketball court, pickleball courts, and a resident clubhouse with a game room. Island Reserve offers a tranquil residential atmosphere close to world-class dining, shopping, and the sugar-white sands of the Gulf. Whether you are searching for a primary residence or a serene coastal getaway, this unit delivers the ultimate blend of comfort, style, and convenience.

8700 Front Beach Road Unit 4110, Panama City Beach

Listing courtesy of Counts Real Estate Group.

8700 Front Beach Road Unit 3106, Panama City Beach
$198,885
1 Beds ⋅ 1 Baths ⋅ 794306 MLS
The Seller is interested in offering, ''Owner Financing'' , or ''lease to own '' with favorable terms. This could be your new Home, or A Proven Income stream, seller has documented rental income, this is literally a Ground floor opportunity. Ground floor Units come around once in a Blue Moon at Island Reserve. This one has that with two covered parking spaces. The unit has a bonus room that can be used as you like; often as an additional bedroom, or bunk room. This Unit is spacious with high ceilings, and an open floor design, exploiting the warm sunlight. With crown molding, wood and tile floors, granite counter tops and an updated kitchen with modern appliances. The master bedroom has a double vanity with a large tub and shower type design. This residence features a Large laundry area that will accommodate a full size washer and dryer. The Island Reserve Community is not only modern, it is one of the most amenity rich communities in Panama City Beach, featuring an excellent fitness facility, game room, theater room with a huge screen, basketball court and volleyball courts, with a Dream Pool that features a waterfall; all wrapped up in a safe gated area with modern styling. Island Reserve allows Owners to have dogs, which is becoming increasingly rare. It is very close to our beautiful sandy beaches, and centrally located to all that is Panama City Beach, making this an attractive investment opportunity.

8700 Front Beach Road Unit 3106, Panama City Beach

Listing courtesy of Local Motion Realty LLC.

8700 Front Beach Road Unit 5214, Panama City Beach
$369,000
3 Beds ⋅ 3 Baths ⋅ 793666 MLS
Welcome to Unit 5214 at The Island Reserve -- 8700 Front Beach Rd, Panama City Beach, FL 32407 Discover resort-style living in this spacious approximately 1,761 sq ft, 3-bedroom, 2.5-bath condominium -- one of the nicest units in the complex -- located in one of Panama City Beach's most desirable gated communities. Built in 2008, Island Reserve offers a true residential lifestyle with no short-term rentals permitted. Long-term rentals are allowed with a minimum lease term of 6 months and 1 day, making this an ideal primary home, second home, or long-term investment property. This unit comes furnished at full asking price (or unfurnished, if preferred). Step inside to an open, light-filled layout featuring soaring 10-foot ceilings, crown molding, designer vinyl floors and tile floors, and an inviting living/dining area that flows into a well-appointed kitchen with granite countertops and high-end designer LG appliances. The primary suite provides a private retreat with a generous walk-in closet, soaking tub, and separate shower, plus convenient access to your private balcony that offers a beautiful view of the landscape and the pool. Two additional bedrooms and a convenient half bath complete the flexible floor plan, with in-unit washer/dryer connections for everyday ease. Residents enjoy exceptional amenities just steps away: a spectacular 1-acre lagoon-style pool with waterfalls, zero-entry access, lap area, hot tub, and outdoor showers; a state-of-the-art fitness center; indoor basketball/pickleball courts; a theater room with large screen; game room; clubhouse; and lush landscaped courtyards with fountains. Garage parking and gated security add convenience and peace of mind. Located just minutes from the sugar-white sands of the Gulf of America, Pier Park shopping and dining, and other Panama City Beach attractions, Unit 5214 delivers the perfect blend of coastal convenience and upscale resort living. Experience the Island Reserve lifestyle -- schedule your private tour today.

8700 Front Beach Road Unit 5214, Panama City Beach

Listing courtesy of Home Town Realty Partners LLC.

8700 Front Beach Road Unit 3303, Panama City Beach
$230,000
1 Beds ⋅ 1 Baths ⋅ 792875 MLS
Welcome to your completely renovated Panama City condo, where modern design meets effortless coastal living. Every detail has been thoughtfully updated, creating a truly move-in-ready home with high-end finishes throughout. Step inside to discover brand-new luxury vinyl plank flooring throughout the living areas, second floor, stairs, and closets, complemented by fresh interior paint on the ceilings, walls, trim, cabinetry, and built-ins. The open living spaces are enhanced with all-new recessed lighting, updated ceiling fans, stylish light fixtures, and floor-to-ceiling double-layer blackout curtains in both the living room and primary bedroom. The beautifully updated kitchen features freshly painted cabinetry, new pendant lighting, a new flush-mount ceiling fixture, a new sink, and a brand-new refrigerator, offering a clean, modern space that's perfect for everyday living or entertaining. The primary suite has been transformed into a luxurious retreat with dual sinks, elegant chandelier lighting, custom vanity trim, and a professionally designed walk-in closet complete with furniture-grade built-ins, custom shelving, double-hanging storage, black closet rods, and dedicated his-and-hers organization. The hall bathroom has also been tastefully updated with a new sink, vanity enhancements, and a new toilet, while both bathrooms feature brand-new toilets. Additional upgrades include a custom office with a newly added interior window opening, trim detail, and additional electrical outlets, along with new shoe molding throughout, professionally repaired drywall, and meticulous finish work that gives the entire condo a fresh, polished feel. From top to bottom, this extensive renovation leaves nothing to do but move in and enjoy everything Panama City has to offer. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this turnkey condo offers exceptional style, quality, and value in one beautifully updated package.

8700 Front Beach Road Unit 3303, Panama City Beach

Listing courtesy of eXp Realty, LLC.

8700 Front Beach Road Unit 4216, Panama City Beach
$368,500
3 Beds ⋅ 3 Baths ⋅ 792182 MLS
LUSH...ISLAND RESERVE resort lifestyle. You deserve this kind of palm tree lined walkways, colorful Florida landscaping & pool views with your recreational driven lifestyle. 3 bedrooms and 3 bathrooms means flexibility for your beach lifestyle.. Open concept floor plan with quality built interior finishes allows for a comfortable luxury primary or secondary investment in Panama City Beaches. Wrap around balcony with views and rich resort amenities means you can enjoy an out -of-doors setting all year long. Furnishings are negotiable with offer. End unit and elevator service to the second floor offers daily convenience. Welcome home to tropical Island Reserve!

8700 Front Beach Road Unit 4216, Panama City Beach

Listing courtesy of Red Realty Beachside Properties LLC.

8700 Front Beach Road Unit 7101, Panama City Beach
$346,900
3 Beds ⋅ 3 Baths ⋅ 790110 MLS
Location! Location! Location! A rare ground floor corner unit is now available at an affordable price. Walking distance and steps away from your covered car parking, no elevators to deal with, very close proximity to the front gate, pool area, clubhouse and amenities. Welcome to the Exclusive Island Reserve Condominium Community. This stunning ground floor corner unit is a spacious three bedroom, two and 1/2 bath boasting 1761 square feet of beautifully designed living space and open floor plan concept. The unit features high ceilings, bamboo and tile throughout, crown molding and additional storage space. The kitchen is equipped with stainless steel appliances, granite counter-tops, and ample cabinetry and pantry. Large split master bedroom with trey ceilings and as you walk into the master bathroom, you are greeted by a garden tub, separate shower, granite counters with double sink. You have and abundance of large windows surrounding the living room, thus bringing in natural lighting through. Built in wall cabinets and separate dinning area overlooking the living room, with entertainment and relaxation in mind. The wrap around porch is ideal for your morning sip of coffee and tranquility. The amenities are above and beyond and offering more than your normal local beach condos. A large waterfall pool with hot tub, indoor basketball court, ping pong area, theater room with a 100 inch screen, club house, pickle ball court, and updated exercise room, volley ball and aerobics area and conference room. Walking distance to the peaceful grounds and serene amazing courtyard out of this world. This is a 5 star resort living and only less than 2 miles from our white sandy beaches, restaurants and shopping. You cannot find a 1700 plus square foot condo with all of these amenities. If you have children, they will love this community and will beg to visit the pool and indoor basketball court daily. Pier Park is 15 minutes away and San Destin only 25 minutes. HOA includes numerous services and all you pay is your Electricity and personal Wifi upgrades. The Association covers all external repairs, grounds-keeping and pest control. Take advantage of this immaculate bottom floor corner unit as it will not last long.

8700 Front Beach Road Unit 7101, Panama City Beach

Listing courtesy of Coastal Sun Realty LLC.

8700 Front Beach Road Unit 1215, Panama City Beach
$189,900
1 Beds ⋅ 1 Baths ⋅ 789845 MLS
Welcome home to Island Reserve...this gated community is centrally located in the heart of Panama City Beach just a short drive to the Navy Base, beautiful gulf beaches, shopping, golf and fabulous waterfront dining as well as St. Andrews State Park! This is the ALL ONE-LEVEL 1 bedroom plus bonus room floorplan offering granite, stainless appliances plus washer/dryer stay! Seller added custom built-ins. Island Reserve offers exquisite sparkling pool with waterfall, media center, indoor basketball, gym, clubhouse and hot tub!

8700 Front Beach Road Unit 1215, Panama City Beach

Listing courtesy of Coldwell Banker Realty.

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