Residential Income

Panama City Beach, FL Residential Income Properties for Sale

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Triplex on a Corner with Three Parcels
Updated: Jul 8
Triplex on a Corner with Three Parcels

5612 Hilltop Avenue, Panama City Beach, FL 32408

$625,000
3,804 sqft
Prominent corner triplex spanning three separate parcels
8 bedrooms and 6 bathrooms across Apartments A, B, and C
Apartment A: split‑level 4‑bedroom, 2‑bath with updated kitchen and converted two‑car garage bonus/flex space
Apartment B and Apartment C: private second- and third‑floor 2‑bedroom, 2‑bath units with separate entrances
Central heating and central air plus septic tank sewer service
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5612 Hilltop Avenue, Panama City Beach, FL 32408

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Duplex with Sunroom and Fenced Backyards
Updated: Jul 25
Duplex with Sunroom and Fenced Backyards

13801 Bay Avenue, Panama City Beach, FL 32413

$999,500
2,320 sqft 0.21 AC lot
0.21‑acre duplex lot totaling approximately 2,320 SF
Primary unit: ~1,200 SF with 3 beds and 2 full baths; sunroom/breezeway to a two‑car garage
Primary backyard: private fenced yard with covered grilling patio and open deck
Second unit: ~1,100 SF with 3 beds and 2 full baths; open‑concept layout
Second unit: covered front porch, fenced backyard with gated access, and garage connection
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Quadplex Investment Property
Quadplex Investment Property

133 Gwyn Drive, Panama City Beach, FL 32408

$745,000
3,732 sqft 0.21 AC lot

Quadplex on a 0.21-acre lot with Commercial Mixed Use zoning and Central HVAC, supported by 4-point inspections for each unit.

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7-Bedroom Motel and Multi-Family
7-Bedroom Motel and Multi-Family

604 Fernwood Street, Panama City Beach, FL 32407

$650,000
2,556 sqft

Formerly a motel with 7 bedrooms and 6 bathrooms, offering flexible residential, short-term, or commercial conversion options.

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New Construction Duplex with Golf Cart Garage
New Construction Duplex with Golf Cart Garage

19916 Bonita Drive, Panama City Beach, FL 32413

$850,000
2,400 sqft

Newly built duplex featuring two-bedroom units with private ensuites, washer/dryer included, and central HVAC plus a fenced backyard.

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Short-Term Rental Property with Swimming Pool
Short-Term Rental Property with Swimming Pool

604 Fernwood Street, Panama City Beach, FL 32407

$650,000
2,556 sqft 0.42 AC lot

On-site swimming pool and block construction support flexible income use as a short-term rental or multi-family arrangement.

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Panama City Beach Multifamily Opportunity
Panama City Beach Multifamily Opportunity

604 Fernwood Street, Panama City Beach, FL 32407

$650,000
2,556 sqft 0.42 AC lot

Versatile property near the beach with redevelopment potential.

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Short-Term Rental Cottage Quadplex
Short-Term Rental Cottage Quadplex

2907 Sarah Jean Court, Panama City Beach, FL 32408

$1,299,000
3,200 sqft

Four 2-bedroom, 2-bath cottages with furnished short-term units and additional buildable lots included in the sale.

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Renovated Duplex For Owner or Rent
Renovated Duplex For Owner or Rent

116 Lakeside Circle, Panama City Beach, FL 32413

$510,000
1,664 sqft 0.17 AC lot

Renovated duplex with central air, public sewer, and a fenced back yard, offering washer/dryer hookup in each unit.

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Duplex with Heated Saltwater Pool
Duplex with Heated Saltwater Pool

108 San Vincente Street, Panama City Beach, FL 32413

$1,515,000
4,000 sqft 0.15 AC lot

Turnkey furnished duplex with a heated saltwater pool, central HVAC, and tankless gas water heaters.

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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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Duplex with Private Patios
Duplex with Private Patios

3707 Mystic Street, Panama City Beach, FL 32408

$645,000
2,088 sqft 0.17 AC lot

Duplex set up for flexible living or short-term rentals, with separate patios for both sides.

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Furnished Duplex
Furnished Duplex

8402 Elizabeth Avenue, Panama City Beach, FL 32408

$545,000
1,788 sqft 0.14 AC lot

Built in 1999, this furnished two-unit duplex offers two bedrooms and two bathrooms per unit near beach access.

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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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Investment Duplex Home with Deck
Investment Duplex Home with Deck

7022 Starfish Court, Panama City Beach, FL 32407

$375,000
1,512 sqft

Three-bedroom, two-bath home with a fenced back yard, deck, and central HVAC, built in 2004.

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Duplex with Insulated Workshop
Duplex with Insulated Workshop

209 Oleander Drive, Panama City Beach, FL 32413

$1,275,000
2,798 sqft

Duplex with a 2023 carriage house ADU and two-car garage, plus city water and sewer connection.

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Refreshed Beachside Apartment Complex
Refreshed Beachside Apartment Complex

644 W Caladium Circle, Panama City Beach, FL 32413

$3,404,000
0.26 AC lot

26-unit complex with beach views and strong occupancy.

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Furnished Townhome Near Gulf Beach
Furnished Townhome Near Gulf Beach

8706 Surf Drive, Panama City Beach, FL 32408

$525,000
1,150 sqft 0.04 AC lot

Updated, fully furnished 2-bedroom townhome offers quick Gulf access with a private patio, fenced yard, and garage.

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Prime Commercial Land For Sale
Prime Commercial Land For Sale

11930 Panama City Beach Parkway, Panama City Beach, FL 32407

$8,900,000
13.82 AC lot

13.82 acre parcel on Panama City Beach Parkway.

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Half-Duplex on Corner Cul-de-Sac
Half-Duplex on Corner Cul-de-Sac

644 16TH Street, Panama City Beach, FL 32413

$219,900
863 sqft 0.17 AC lot

R-3 zoned half-duplex with fenced yard, deck/porch, and an oversized driveway for RV or boat.

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Luxury Beachfront Retreat Investment Property
Luxury Beachfront Retreat Investment Property

19706 Front Beach Road, Panama City Beach, FL 32413

Contact for pricing
4,400 sqft

New 7-bedroom beachfront property with pool, ready for summer rentals.

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Quadplex Cottages with Buildable Lots
Quadplex Cottages with Buildable Lots

2907 Sarah Jean Court, Panama City Beach, FL 32408

$1,299,000
3,200 sqft 0.71 AC lot

Four two-bedroom, two-bath cottages plus nine buildable lots, with short-term rentals allowed and furnished units for guest stays.

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Gulf Front Villa "Summer Breeze"
Gulf Front Villa "Summer Breeze"

13315 Oleander Drive, Panama City Beach, FL 32407

$2,900,000
2,248 sqft

Gulf front villa with rental potential near Pier Park.

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Gulf-Front Studio Condo
Gulf-Front Studio Condo

14401 Front Beach Road, Panama City Beach, FL 32413

$145,000
330 sqft

Fully remodeled Gulf-front studio condo with large windows, electric cooktop, and central air, near Pier Park.

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

Explore 54 residential income properties for sale in Panama City Beach, FL, showcased through 49 active listings on our real estate platform. These investment opportunities span a total of 86,687 square feet of properties for sale, with an estimated market value of $57,917,300.

Sale prices for residential income properties in Panama City Beach, FL start at $145,000, averaging $1,447,932, and reaching up to $8,900,000 — 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 46
Short term rental properties 24
Duplexes 17
Apartment buildings 7
Mobile home & RV parks 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 $678.1K
Panama City Beach $1.7M

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

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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