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$225,250
1 Beds 2 Baths 792905 MLS
Half a mile from the sand and priced to catch your eye -- this one-bedroom, one-and-a-half-bath attached home in the Thomas Drive area is the kind of easygoing coastal find that doesn't come along every day. With 870 square feet of single-story living, it's compact, breezy, and ready for someone with a paintbrush and a plan. The renovation work here is mostly cosmetic, so don't let the word scare you off. Think fresh paint, updated finishes, and a few personal touches rather than a gut job. The bones are good, which means you can spend your energy making it pretty instead of making it stand. A half bath downstairs is a handy bonus for guests who'd rather not wander far. Location is the real headliner. Public Beach Access #11 sits an easy distance away, so morning trips with sandy toes become a regular thing. You're also close to the Navy base, Florida State University's local campus, and Gulf Coast State College, making this a smart pick for a variety of buyers. Speaking of renters, there's no homeowners association here, and short-term rental potential adds a nice layer of income possibility. Northwest Florida Beaches International Airport keeps travel simple, and everything the coast offers is right at your fingertips. Whether you're chasing a beachy getaway, a first place, or a savvy investment, this little charmer checks the boxes. Come see it before someone else scoops it up. *Information provided is deemed reliable but is not guaranteed and should be independently verified by the buyer*

5408 Pinetree Avenue, Panama City

Listing courtesy of Overstreet Realty.

$415,000
3 Beds 2 Baths 791257 MLS
Turnkey Panama City Beach Vacation Rental with documented annual gross rental revenue of approximately $40,000 - $50,000, sold fully furnished and ready for immediate use. Located just a few blocks from the Gulf in Lower Grand Lagoon, this updated 3-bedroom, 2-bath detached home offers no HOA, a fully fenced backyard and convenient access to the beach, restaurants, boating and local attractions. The efficient guest-friendly layout features two king bedrooms plus a bunk room with two sets of bunk beds. Recent improvements include a newly constructed second full bathroom, new septic system, luxury vinyl plank flooring, updated windows, recessed lighting, interior and exterior paint, and a dedicated laundry room with new washer and dryer. Outside, guests enjoy a private large gazebo, outdoor seating, two built-in grills, outdoor shower and an above-ground pool. The home is offered furnished, making it well suited for an investor, second-home buyer or full-time resident.

5412 Hilltop Avenue, Panama City Beach

Listing courtesy of EXP Realty LLC.

$379,000
3 Beds 2 Baths 791171 MLS
Welcome to your Panama City Beach retreat, ideally located on the sought-after East End of PCB just a 3-minute walk to the sugar-white sand beaches and only a few blocks from a public boat ramp. This fully furnished 3-bedroom, 2-bath townhome offers an excellent opportunity as a vacation home, investment property, or full-time residence. Currently operating as a successful short-term rental, it generated $42,586 in gross revenue in 2024, $37,719 in 2025, and already has approximately $22,000 in bookings on the books for 2026. Guests love the spacious, fully fenced backyard, perfect for entertaining and yard games, along with its convenient location near Schooners, Dat Cajun Place, Buster's Beer & Bait, Treasure Island Marina, Rick Seltzer Park, and St. Andrews State Park. Extensively renovated in 2020, updates include a metal roof (2018), spray foam insulation, remodeled kitchen and bathrooms, new windows and doors, updated siding and paint, oversized decks, HVAC (2019), water heater (2025), and updated lighting and plumbing fixtures throughout, making this a truly turnkey beach property with proven income potential.

5812 Beach Drive Unit A, Panama City Beach

Listing courtesy of Legacy Premier Agency.

$610,000
3 Beds 2 Baths 790733 MLS
Welcome to laid-back coastal living in the South Lagoon area of Panama City Beach where beach days, boating adventures, and golf cart rides become part of everyday life. This beautifully designed beach house blends durability, style, and comfort with an all Hardie Board exterior, a striking metal roof, and a spacious two-car garage. With plenty of room for beach gear, water toys, and extra storage. Inside, the home feels fresh, bright, and inviting with soaring trey ceilings, luxury vinyl plank flooring in a hand-scraped finish, and soft coastal-inspired colors that instantly create a relaxed vacation atmosphere. A well though out split floor plan offers privacy for the spacious primary suite, complete with an attractive ensuite bath and generous walk-in closet. The heart of the home is the open-concept kitchen and living area, featuring quartz countertops, stainless steel appliances, and plenty of room to gather with family and friends after a day on the water or at the beach. Every detail was selected with both style and easy coastal living in mind. Located in a fun, golf-cart-friendly neighborhood with no HOA and no flood insurance required, this home offers the freedom to truly enjoy the Panama City Beach lifestyle. Spend mornings launching the boat from one of two nearby public boat ramps, afternoons soaking up the sun on the sugar-white beaches just a short walk away, and evenings cruising the neighborhood by golf cart to local restaurants, marinas, and entertainment. Whether you're searching for a full-time residence, vacation getaway, or investment property, this South Lagoon gem delivers the perfect combination of beach charm, convenience, and everyday paradise. Schedule a private tour today, fall in love and make an offer!

6003 Hilltop Avenue, Panama City Beach

Listing courtesy of Compass Florida, LLC.

$379,000
2 Beds 2 Baths 787691 MLS
This home is hands down the best value in the whole neighborhood! The Happy Pelican Cottage is walking distance to the beach and The Grand Lagoons main attractions including: the Pirates Cove Marina, access to dolphin tours, jet skis, pontoon boats, fishing charters, the Sea Screamer, the Sea Dragon Pirate Cruise, St. Andrews State Park, the Navy base, grocery stores, public boat access (one is only a block away), and many of the top restaurants on the entire beach are all within a 5 minute drive. This is a prime location home that is tucked away on the quiet east end with a tranquil, oversized backyard complete with a covered porch and there is an extended driveway that could easily house a boat, RV or possibly both! There are extra storage areas, laundry, and a half circle driveway with a carport. This property has no HOA and comes fully furnished so it is turnkey and rental ready if you so desire. Don't miss your chance to own this special piece of property in a very desirable location off South Lagoon that is priced to sell! Bring us an offer!

5620 Pinetree Avenue, Panama City Beach

Listing courtesy of LPT Realty LLC.

$375,000
2 Beds 1 Baths 787445 MLS
INVESTOR ALERT - now offered at a newly reduced price! This turnkey 2-bedroom beach retreat is just blocks from the Gulf and packed with potential. Looking for the freedom of owning near the beach without expensive condo HOA fees? This fully furnished property is move-in and rental-ready from day one. Whether you're searching for a high-performing short-term rental, second home, or full-time residence, this one checks all the boxes. Ideally located near Panama City Beach's favorite restaurants, shopping, entertainment, and beach access, guests and owners alike will love the convenience and coastal lifestyle. With the recent price improvement, this is an incredible opportunity to own a slice of paradise at an even better value!

5621 Sunset Avenue, Panama City Beach

Listing courtesy of EXP Realty LLC.

$419,000
3 Beds 2 Baths 787034 MLS
Fully renovated beach cottage and RENTAL MACHINE only .3 miles from the Gulf! This stunning 3-bedroom, 2-bath coastal home sits on a huge lot with no HOA in the heart of Lower Grand Lagoon, offering the kind of space that is nearly impossible to find this close to the water. Every inch of this cottage has been meticulously updated, including a 2020 metal roof, HVAC, Hardie Board siding, vinyl windows, septic system, PEX plumbing, and copper wiring. The coastal interior shines with granite countertops, white cabinets, stainless appliances, wood-look tile flooring, and updated fixtures throughout. All of the furnishings convey to the new buyer. Beyond the beautiful renovations, this property is a proven high-producing investment that has consistently delivered impressive results, generating $58,642 in 2023, $50,378 in 2024, and $45,591 in 2025. It is currently self-managed and the seller would be happy to share his process and vendors so a new buyer could continue. 2026 is on track with HUGE numbers! Over $41,500 already completed in Jan-July 2026! The massive yard provides plenty of room to add a private pool, while the oversized driveway offers an abundance of parking for a boat, jet skis, and golf cart. An amazing covered front porch offers the perfect hangout, while the private outdoor shower makes cleaning off the sand effortless after a day at the beach. This prime location puts you mere blocks from the community boat ramp and minutes from the area's best-loved dining spots like Schooners, Patches, and Finn's, offering guests the ultimate coastal lifestyle with world-class boating, fishing, and white sandy beaches just down the street. This property perfectly balances a relaxed coastal vibe with a proven track record of rental success. Schedule your showing today. A video tour is also available

5616 Pinetree Avenue, Panama City

Listing courtesy of Coldwell Banker Realty.

$229,000
2 Beds 1 Baths 786606 MLS
If hearing the waves crash into the shore is what you want to hear when you open your windows.. THIS is the place you want to buy! This 2 bedroom 1 bath condo is freshly updated and ready for a new owner. Windows, HVAC and roof replaced 2019, water heater replaced 2023. HOA covers community pool, basic cable, garbage water/sewer and lawn service in this quiet beachside community. Location is ~900ft to the nearest beach entrance and complex is 1 block north of Thomas Drive. Close to Navy Base and many nearby restaurants and shopping centers. Washer and Dryer is included. Unit comes with an outside storage area and a small back yard that can be fenced with HOA permission. Call today and be living here in Summer 2026!!

5500 Beach Drive Unit 6, Panama City

Listing courtesy of Full Sail Realty of NWFL.