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$674,000
8 Beds ⋅ 6 Baths ⋅ 792506 MLS
UNIQUE TRIPLEX OPPORTUNITY! This sprawling 8-bedroom, 6-bathroom PCB triplex offers a rare opportunity to own a spacious property with incredible income potential just blocks from the Gulf. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or simply own a home with exceptional flexibility, this unique offering deserves a closer look. It is the perfect opportunity for an investor with vision to bring this property's true potential to life. The main floor is anchored by Apartment A, a spacious split-level 4-bedr, 2-bath home featuring a beautifully updated kitchen with white cabinets, granite countertops, stainless steel appliances, plus a converted two-car garage that creates an expansive bonus/flex space. Apartment B is a 2-bedroom, 2-bath unit on the second floor with its own separate entrance. Above, Apartment C occupies the third floor and offers another private 2-bedroom, 2-bath layout with elevated views and its own entrance. This rare opportunity is highlighted by its fantastic location in the South Lagoon. It sits just a few blocks from public beach access points off Gulf Drive, offering immediate access to the emerald waters and is even closer to the local boat ramp on the lagoon. No HOA! The expansive lot offers parking freedom, perfectly accommodating an RV, boat, or multiple vehicles. It is ideally positioned within a short stroll or golf cart ride to the marina area, beloved seafood spots, dining, and shopping options along Thomas Drive, seamlessly combining a neighborhood feel with effortless accessibility to the best local attractions. Schedule your showing today. A video tour is also available

5612 Hilltop Avenue Unit A-C, Panama City

Listing courtesy of Coldwell Banker Realty.

$799,999
4 Beds ⋅ 3 Baths ⋅ 791207 MLS
This newer construction offers flexible living options with a main home and an independent suite ideal for multi-generational living or income generation. Welcome to the ultimate coastal setup and a massive financial opportunity--with absolutely NO HOA fees! Perfectly situated in a highly desirable pocket of Lower Grand Lagoon, this newer construction property puts you in the ultimate sweet spot: perfectly nestled between the open waters of the Grand Lagoon and the world-famous white sand beaches of the Gulf. Sitting safely in unincorporated Bay County also keeps your property taxes lower and your property rights greater than inside city limits, offering highly favorable, flexible rental rules and zoning. You have the ultimate freedom to park your toys and run your property your way. You are centrally located to the area's best dining and entertainment, you are also just a short drive to the award-winning St. Andrews State Park--a pristine paradise where you can completely escape into nature and enjoy true solitude. On top of the unbeatable location, you are just 3 blocks from the premier boat ramp in the area, letting you get from your driveway to the water in minutes. Offering a generous 2,002 square feet of modern interior living space, this property is masterfully designed as two separate, independent dwellings. This creates the perfect layout to live comfortably in the larger, spacious upper main home while generating immediate passive income from the independent lower suite. The lower dwelling is a proven cash-flow producer with a verified annual rental history and an upward-trending trajectory. Furniture is negotiable, making this the perfect turnkey setup to immediately jumpstart your rental stream or move right in with many brand-new items already in place. The property also boasts a massive, fully finished 700-square-foot oversized double garage engineered to double as an incredible recreation area or game room. Outside, the heavy-duty, extra-wide 49' length x 25' width driveway is custom-built to effortlessly park a large boat trailer, center console, or full-sized RV with room to spare, complete with a professional dedicated 50-amp electric hookup to power your rig or marine craft. Your private outdoor resort experience comes alive with over 800 square feet of expansive wrap-around decks and porches, offering a lovely peek-a-boo view of the shimmering Gulf waters and the ultimate setup for open-air dining, entertaining, or catching the sea breeze. These massive porch spaces overlook a fully privacy-fenced backyard. Designed with the plumbing and septic strategically placed in the front yard, the back is completely open and perfectly cleared for an inground swimming pool or a large lawn area for kids and pets to play. The yard already features a matching exterior storage building that is perfectly positioned to be easily converted into your own custom tiki bar, pool house, or surf shack. Complete with a built-in sprinkler system, outdoor shower, and a durable metal roof, this newer home is completely turnkey and ready for its next chapter.

5817 Sunset Avenue, Panama City

Listing courtesy of Dalton Wade Inc.

$399,990
3 Beds ⋅ 2 Baths ⋅ 790565 MLS
Opportunity is knocking just two blocks from the Gulf! Whether you're looking for an affordable beach getaway, an investment property, or a home you can make your own, this unique property offers endless possibilities because its sits on two lots on the corner. Previously owner-occupied and most recently used as a long-term rental, this home is located in a short-term rental friendly area, giving you flexibility to enjoy it personally, generate rental income, or both. The main living area features 2 bedrooms and 1 bathroom upstairs, while the lower level offers an additional 1-bedroom, 1-bathroom living space that could potentially be utilized separately for guests, extended family, or additional rental opportunities. Sitting on a generously sized lot with exceptional parking, there's room for multiple vehicles, boats, trailers, golf carts, and all your beach toys. The front yard easily accommodates several vehicles, while the rear parking area includes a dedicated Bahama rock pad designed for boat and trailer storage. Even better, you're just two blocks from public beach access and only two blocks from the Dolphin Boat Ramp, making it easy to enjoy both the Gulf and the Lagoon lifestyle. With good bones, a large deck, a spacious sunroom, and a location that screams summer fun, this property is ready for its next chapter. Move in and enjoy it as-is, continue using it as an income-producing property, or update it to maximize its full potential. Beach properties with this much flexibility, parking, and location don't come along often at an affordable price point. HVAC 2024 Water heater 2025 New Roof and Vinyl 2019

6010 Sunset Avenue, Panama City

Listing courtesy of Dalton Wade Inc.

$515,000
3 Beds ⋅ 2 Baths ⋅ 789446 MLS
This beautifully updated beach home is the perfect getaway or investment property, located just a short distance from the sugar sand beaches, dining, and entertainment. Bright, open living room with soaring ceilings and a cozy fireplace. The recently remodeled kitchen features stainless steel appliances, butcher block, perfect for cooking and entertaining. The main floor offers laminate flooring, a spacious master suite, and a second full bathroom. Upstairs you'll find durable vinyl plank flooring, a full-sized bedroom, and a versatile open loft - ideal as a home office, reading nook, or bunk space for extra guests. Additional features include: * 2-car garage with poly-treated flooring * Large, level fenced backyard - perfect for kids, pets, and to add a pool * Sprinkler system * Fresh exterior paint (2021) * Termite bond * AC mini split * Newer paid-off **solar panels** for low energy bills * Just 3 blocks to the public boat launch on Dolphin Drive * Easy golf cart ride to **Schooners** and **St. Andrews State Park** Short term rental approved! Everything you need for a relaxing beach lifestyle or a top-performing rental is right here!

5923 Sunset Avenue, Panama City Beach

Listing courtesy of Gulf Life Real Estate Inc.

$575,000
4 Beds ⋅ 3 Baths ⋅ 788230 MLS
YOUR BEAUTIFUL BEACH RETREAT AWAITS! Welcome to this stunning Coastal-style home on the desirable east end of Panama City Beach, offering the perfect blend of location, comfort, and investment potential. With 4 bedrooms and 2.5 baths, this spacious property is ideal as a primary residence, vacation home, or short-term rental. Enjoy the ultimate beach lifestyle--walk or take your golf cart to the beach, Schooners, shopping, and dining--all less than half a mile away. Inside, you will find a bright, open-concept living space filled with natural light, featuring a beautifully appointed kitchen with granite countertops, custom cabinetry, stainless steel appliances, and an oversized island--perfect for entertaining. Just off the kitchen, step out to a private patio and large fenced backyard, ideal for gatherings or relaxing after a day at the beach. The first-floor primary suite offers convenience and comfort with a private bath and spacious walk-in closet. Upstairs, a second living area, three additional bedrooms, full bath, laundry room, and a private balcony provide plenty of space for family or guests. Offered fully furnished and turn-key, this home is ready for immediate enjoyment or rental income. With close proximity to the Gulf, boating, dining, and local attractions, it delivers the coastal lifestyle you have been searching for. Don't miss this incredible opportunity--schedule your showing today!

5623 Hilltop Avenue, Panama City Beach

Listing courtesy of Coldwell Banker Realty.

$560,000
5 Beds ⋅ 3 Baths ⋅ 787380 MLS
Prime short-term rental opportunity in Panama City Beach! This 5-bedroom, 2.5-bath coastal-style home is ideally positioned for strong rental performance, just a short walk to beach access and minutes from a public boat ramp--an unbeatable combination for vacation guests. Designed with rentals in mind, the open-concept floor plan offers spacious living and dining areas that comfortably accommodate larger groups. The kitchen features granite countertops, custom cabinetry, and ample prep space--perfect for entertaining guests and maximizing occupancy appeal. The layout provides flexibility and privacy with a first-floor primary suite and four additional bedrooms upstairs, including two with balcony access--an added feature guests love. The fully fenced backyard creates a private outdoor space, enhancing guest experience and repeat bookings. Located in the desirable Biltmore Beach area with short-term rentals allowed, this property offers excellent income potential as a vacation rental, second home, or hybrid investment. Proximity to the Gulf, boating, dining, and attractions ensures year-round demand. Capitalize on location, layout, and rental demand--this is a high-performing beach investment opportunity you don't want to miss!

5701 Hilltop Avenue, Panama City Beach

Listing courtesy of EXP Realty LLC.

$295,000
786500 MLS
Welcome to the rare opportunity to own a premier building lot in Panama City Beach's sought-after South Lagoon neighborhood! Perfect for developers, builders, or anyone dreaming of a custom water view home. This lot is walking distance to two public lagoon access points. One access is 'Dolphin Drive' boat ramp which features a dock (for fishing) and public parking. This area is ideal for boating enthusiasts. Situated directly on S. Lagoon Drive with beautiful water glimpses and golf cart-friendly charm. Jump in your golf cart and only a couple of blocks to Gulf Beach Access, top restaurants, lively bars, and PCB attractions. South Lagoon area is a short drive to St. Andrews State Park (fishing pier, nature trails, snorkeling) and Navy Support Center. This unbeatable location offers relaxed coastal living with easy access to everything that makes Panama City Beach special--don't miss your chance to build in one of Florida's most desirable communities!

5733 S Lagoon Drive, Panama City Beach

Listing courtesy of Coastal Real Estate Group, Inc.

$645,000
5 Beds ⋅ 3 Baths ⋅ 785975 MLS
ADORABLE DUPLEX WITH MULTIPLE POSSIBILITIES! * Live in one side, rent the other out. * Short term rent both units. * Short term rent one side, mid or long-term rent the other. THE CHOICE IS YOURS! SIDE A: MYSTIC SURF --3 BR, Sleeps 8 - King, King, King + Twin/Twin Trundle --1 Full, 1 Half Bath --Surf/wave murals in every bedroom --Full Kitchen with lots of counter space --Private Patio --Storage shed --Electric fireplace! SIDE B: MYSTIC SUN --2 BR, Sleeps 4 - King, King rooms --1 Full Bath --Full Kitchen --Private Patio --Storage shed --Wood-burning fireplace! LOCATION: **Across the street from public lagoon access. **One block to public boat ramp. **Walk to public beach access #11, just 7 blocks away. **Walk to Buster's Beer and Bait. **Drive to Schooner's and the St Andrews State Park. Don't miss your opportunity for 100% bonus depreciation this year. Ask your CPA how you can SAVE BIG MONEY ON TAXES! Come see this today! We look forward to receiving your offer! See the walkthrough video attached to this listing, and ask your agent for the Airbnb link as well. Thank you for your interest. We look forward to your offer!

3707 Mystic Street Unit A & B, Panama City Beach

Listing courtesy of EXP Realty LLC.