Walton County, FL Duplexes for sale

Updated: Aug 19, 2025

New Construction Townhomes in Panama

1116 Mercedes Avenue, Panama City, FL 32401

$570,000

2,799 sqft 0.27 AC lot

New construction built in 2025.
Projected rental income of $1550-$1650 per unit.
Estimated 7‑8% cap rate.
Townhome style units.
Each unit features 2 bedrooms and 2 bathrooms.

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1116 Mercedes Avenue, Panama City, FL 32401

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Est. Cap Rate

5.9%
Above avg (5.9%)
Est. NOI

$34K
Annual
Price @ 7% Cap

$484K
Suggested

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Updated: Jun 24

Turnkey Vacation Rental Duplex

5237 Thomas Drive, Panama City, FL 32408

$2,230,000

5,156 sqft 0.13 AC lot

New 2025 construction: purpose‑built vacation rental duplex (under construction) on Thomas Drive
Each side offers 5 bedrooms, 4 full baths, and 1 half bath across three floors
Private, fully fenced oversized lot with a privacy divider between duplex sides
Each unit includes an in‑ground saltwater pool with natural gas heater and remote control
Outdoor entertaining: covered patio/patio/deck plus built‑in natural gas grill and outdoor shower

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Freeport Multifamily Investment Opportunity

248 Four Mile Road, Freeport, FL 32439

$1,350,000

6,016 sqft 1.00 AC lot

Apartment complex with 8 units plus additional development potential.

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Duplex-Style Residential Income Home

3914 Ural Street, Panama City, FL 32408

$549,900

2,509 sqft 0.14 AC lot

Fully furnished home configured as two units, with upstairs 4BR/2BA and a downstairs 1BR/1BA with separate entrance.

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Fully Renovated Duplex with Balconies

6319 Hilltop Avenue, Panama City, FL 32408

$635,000

2,720 sqft 0.13 AC lot

Each side offers 3 beds and 2.5 baths with open-concept living and private balconies.

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Duplex with Two Rental Units

2911 Treasure Circle, Panama City, FL 32408

$519,995

2,078 sqft 0.17 AC lot

For sale duplex offering two rental setups under one ownership, including parcels 2911 and 2913.

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Renovation Duplex with Two Units

7931 S Lagoon Drive, Panama City, FL 32408

$315,000

1,860 sqft 0.11 AC lot

Duplex for sale with two units totaling four bedrooms and three bathrooms, approximately 1,868 square feet, with a roof replaced about five years ago.

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Duplex with Two Equal Units

4017 Silver Sands Road, Panama City, FL 32408

$439,000

1,596 sqft 0.11 AC lot

Two-bedroom, one-bath duplex with dedicated laundry in each unit, positioned near beach access and local attractions.

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Duplex with Two 2BR/2BA Units

6328 Beach Drive, Panama City, FL 32408

$529,000

2,176 sqft

Two-unit duplex with private porches, outdoor showers, and a second-floor deck—well suited for rental use.

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Two-Unit Duplex Income Property

619 Mimosa Avenue, Destin, FL 32541

$629,000

1,425 sqft

Duplex with two 2-bedroom, 1-bath units on a large lot, currently occupied by long-term tenants.

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Two-Unit Townhome-Style Duplex

359 A Suwannee Drive, Watersound, FL 32461

$547,460

1,442 sqft

Duplex residences with covered rear patio, open kitchen-family room, and impact-rated windows; estimated completion Oct/Nov 2026.

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Paired Patio Home Duplex

430 B Suwannee Drive, Watersound, FL 32461

$539,995

1,418 sqft

Lucas plan duplex with 2 bedrooms, 2 bathrooms, a 1.5-car garage, and rear covered patio with pond views.

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Panama City Duplex For Sale

1209/1211 E 10th Street, Panama City, FL 32401

$170,000

1,640 sqft

Duplex with income potential near marina and downtown.

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Paired Patio Villa Duplex

339-B Suwannee Drive, Watersound, FL 32461

$534,995

1,410 sqft

New paired patio villa with 2 bedrooms, 2 baths, an oversized one-car garage, and a covered rear patio.

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Paired Patio Home Duplex

20 A Skimmer Cove Loop, Watersound, FL 32461

$566,525

1,442 sqft

Paired patio home featuring 2 bedrooms, 2.5 baths, a covered porch and rear patio, plus a 1.5-car garage.

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Upgraded Duplex with Rental Potential

3707 MYSTIC STREET A&B, Panama City, FL 32408

$714,995

2,088 sqft

Adorable, upgraded duplex near lagoon and beach access.

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Commercial Lot on 11th Street

508 E 11th Street, Panama City, FL 32401

Contact for pricing

0.12 AC lot

Commercial lot in Panama City with high visibility.

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Walton County, FL Duplexes Market Trends and Statistics

Explore 17 duplexes for sale in Walton County, FL, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 37,775 square feet of properties for sale, with an estimated market value of $10,840,865.

Sale prices for duplexes in Walton County, FL start at $170,000, averaging $677,554, and reaching up to $2,230,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.