Residential Income

Panama City Beach, FL Residential Income Properties for Sale

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Two-Residence Beach-Access Duplex
Updated: Sep 1
Two-Residence Beach-Access Duplex

13801 Bay Avenue, Panama City Beach, FL 32413

$899,000
2,320 sqft
Two separate 3‑bedroom, 2‑bath residences on one parcel
Approximately 2,320 square feet of combined living space
Short‑term rentals permitted in this section of Bid‑A‑Wee
Deeded, gated beach access in the neighborhood
Boat, guest, oversize, and RV parking features
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Triplex with Converted Garage Flex Space
Updated: Jul 8
Triplex with Converted Garage Flex Space

5612 Hilltop Avenue, Panama City Beach, FL 32408

$550,000
3,804 sqft
3,804 SF triplex with 8 bedrooms and 6 bathrooms
Three separate parcels on a prominent corner in South Lagoon
Apartment A includes an updated kitchen and converted two‑car garage flex space
Apartments B and C each provide 2 bedrooms, 2 bathrooms, and private entrances
A few blocks from public beach access points off Gulf Drive
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Updated Quadplex Near Beach Access
Updated Quadplex Near Beach Access

133 Gwyn Drive, Panama City Beach, FL 32408

$745,000
3,732 sqft 0.21 AC lot

Four-unit residential property with mixed-use zoning, central HVAC, public sewer, and proximity to beach access, dining, shopping, and groceries.

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Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
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Local Demand available after sign in
Triplex with Shared Pool
Triplex with Shared Pool

4111 Appalachee St Unit A, Panama City Beach, FL 32408

$995,000
2,604 sqft

Three attached townhomes provide two-bedroom, two-bath layouts with individual carports and access to a shared pool.

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New Construction Duplex
New Construction Duplex

19916 Bonita Drive, Panama City Beach, FL 32413

$825,000
2,400 sqft

Two-unit coastal property with modern finishes, private outdoor space, and convenient access to Beach Access #77.

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Furnished Duplex with Private Garages
Furnished Duplex with Private Garages

2311/2313 Anne Avenue, Panama City Beach, FL 32408

$979,000
3,452 sqft

Two-unit short-term rental property with enclosed outdoor areas and covered porches for each residence.

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Motel Property with Seven Bedrooms
Motel Property with Seven Bedrooms

604 Fernwood Street, Panama City Beach, FL 32407

$650,000
2,556 sqft 0.42 AC lot

Block construction, public sewer, and window-unit cooling support multiple commercial lodging configurations.

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Furnished Duplex with Private Garages
Furnished Duplex with Private Garages

2311/2313 Anne Ave, Panama City Beach, FL 32408

$979,000
3,452 sqft

Two separately fenced residences feature covered porches, private garages, and furnished interiors.

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Pool-Amenitized Multifamily Property
Pool-Amenitized Multifamily Property

604 Fernwood Street, Panama City Beach, FL 32407

$650,000
2,556 sqft 0.42 AC lot

Former motel with a private pool, paved parking, and flexible residential configuration options.

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Renovated Duplex with Fenced Yard
Renovated Duplex with Fenced Yard

116 Lakeside Circle, Panama City Beach, FL 32413

$510,000
1,664 sqft 0.17 AC lot

Brick duplex with central air, updated finishes, and a fenced rear yard in Panama City Beach.

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Duplex with Beach Access
Duplex with Beach Access

13801 Bay Ave, Panama City Beach, FL 32413

$899,000
2,320 sqft

Two separate residences provide flexible living arrangements, private entrances, outdoor areas, and garage access near the Gulf.

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Furnished Two-Unit Duplex
Furnished Two-Unit Duplex

8402 Elizabeth Avenue, Panama City Beach, FL 32408

$529,000
1,788 sqft 0.14 AC lot

Furnished duplex with two-bedroom units, renovated interiors, and no HOA.

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Quadplex With Buildable Lots
Quadplex With Buildable Lots

2907 Sarah Jean Court, Panama City Beach, FL 32408

$1,199,000
3,200 sqft 0.71 AC lot

Four single-story cottages offer furnished short-term rental capability, contemporary finishes, and paved individual driveways.

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Short-Term Rental Property with ADU
Short-Term Rental Property with ADU

209 Oleander Dr, Panama City Beach, FL 32413

$1,225,000
2,798 sqft

Two separate living spaces, a workshop, and beach proximity support flexible personal or rental use.

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Gulf-Front Short-Term Rental Studio
Gulf-Front Short-Term Rental Studio

14401 Front Beach Road, Panama City Beach, FL 32413

$140,000
330 sqft

Remodeled studio condo with Gulf views, efficient kitchen, updated bath, and furnishings suited to vacation rental use.

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Furnished Five-Unit Short-Term Rental
Furnished Five-Unit Short-Term Rental

10609 Parkhill Circle, Panama City Beach, FL 32407

$2,099,000
6,856 sqft

Turnkey, fully furnished rental compound with separate entrances, modern coastal interiors, and a short walk to the Gulf.

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7-Bedroom Motel Property
7-Bedroom Motel Property

604 Fernwood St, Panama City Beach, FL 32407

$650,000
2,556 sqft

Former hospitality property with flexible room configuration near major beach-area roads, shopping, dining, attractions, and entertainment.

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Furnished Triplex Rental Property
Furnished Triplex Rental Property

10609 Parkhill Circle, Panama City Beach, FL 32407

$2,099,000
6,856 sqft

Three-unit coastal property with an adjoining duplex and fully furnished interiors.

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Beach Access Quadplex
Beach Access Quadplex

5012 Gulf Drive, Panama City Beach, FL 32408

$1,599,999
3,500 sqft 0.13 AC lot

Four furnished ground-floor units with shared pool access and short-term rentals permitted without an HOA.

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Short-Term Rental Property with ADU
Short-Term Rental Property with ADU

209 Oleander Drive, Panama City Beach, FL 32413

$1,225,000
2,798 sqft

Flexible beach-area property with two living spaces, a detached workshop, and a recently built carriage house with garage.

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Gulf Front Corner Condo
Gulf Front Corner Condo

10901 Front Beach Road #1601, Panama City Beach, FL 32407

$750,000
1,610 sqft

West End 4-bedroom condo with stunning sunset views.

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Residential Lot with Mobile Home
Residential Lot with Mobile Home

322 14th Street, Panama City Beach, FL 32413

$280,000
0.14 AC lot

Oversized residential homesite with a partially remodeled mobile home, offering options to renovate, rent, or build.

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Gulf-Front Condo with Rental Potential
Gulf-Front Condo with Rental Potential

15817 Front Beach Road #1-706, Panama City Beach, FL 32413

$595,000
1,223 sqft

Furnished 2-bedroom condo with bunk room, Gulf views, rental ready.

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Short-Term Rental Townhome with Gulf Views
Short-Term Rental Townhome with Gulf Views

8706 Surf Drive, Panama City Beach, FL 32408

$439,000
1,150 sqft 0.04 AC lot

A two-bedroom, two-bath layout includes updated interiors, a private patio, and furnished accommodation.

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Panama City Beach, FL Residential Income Properties Market Trends and Statistics

Explore 41 residential income properties for sale in Panama City Beach, FL, showcased through 36 active listings on our real estate platform. These investment opportunities span a total of 84,122 square feet of properties for sale, with an estimated market value of $31,513,899.

Sale prices for residential income properties in Panama City Beach, FL start at $140,000, averaging $984,809, and reaching up to $3,404,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Multifamily properties 36
Short term rental properties 27
Duplexes 9
Apartment buildings 6
Quadplexes 4

Demographics Overview

Population 71K
Population Growth (5Y) +2,055.8%
Median Household Income $72,438
College Educated 42.8%

High-Yield Neighborhoods for Investment

Identify Panama City Beach submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
Panama City - 32408 $800.9K
Panama City Beach - 32407 $1.3M

Taxes & Financing

Tax Rate (average for all types) 1.13%
Property Tax per SF $14.55 per SF
Tax Rate vs County Average 0.16 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Bay County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Bay County

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Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Panama City Beach fall within the 25,000 to 50,000 square foot range.

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