Real Estate Investment Properties for Sale in Panama City Beach, FL

Looking for investment property in Panama City Beach, FL with high ROI ?

Explore a variety of short-term homes & houses in Panama City Beach, FL. Invest wisely with VRBO & Panama City Beach, FL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Panama City Beach, FL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
921 Lighthouse Lagoon Court Panama City Beach, FL Deep water executive home with significant upgrades and a 10,000-pound boat lift accommoda...	4 beds \| 3 baths \| 3,241 sq.ft.	$974,000	Airbnb cash on cash: 1% Traditional cash on cash: 1.51% Airbnb Rental Income: $3630 Traditional Rental Income: $3304 Airbnb ROI: 1% Traditional ROI: 1.51%
130 Parkshore Drive Panama City Beach, FL Currently under contract, seller will consider backup offers. Welcome to your beachside ha...	3 beds \| 3 baths \| 1,700 sq.ft.	$1,469,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 0.13% Airbnb Rental Income: $3048 Traditional Rental Income: $2784 Airbnb ROI: -0.18% Traditional ROI: 0.13%
1112 Prospect Promenade unit: 201 #201 Panama City Beach, FL Luxury Waterfront Living in the Exclusive Gated Community of Wild Heron Experience unmatch...	4 beds \| 4 baths \| 2,365 sq.ft.	$679,995	Airbnb cash on cash: -1.05% Traditional cash on cash: 0.17% Airbnb Rental Income: $3834 Traditional Rental Income: $3782 Airbnb ROI: -1.05% Traditional ROI: 0.17%
2400 Grandiflora Blvd Panama City Beach, FL Welcome to Magnolia Bay Club, a gated bayfront community offering the perfect balance of p...	3 beds \| 3 baths \| 1,823 sq.ft.	$499,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 2.96% Airbnb Rental Income: $2883 Traditional Rental Income: $3631 Airbnb ROI: -0.08% Traditional ROI: 2.96%
22432 Front Beach Road Panama City Beach, FL GULF VIEWS, Across from the Beach...under $1M?! YES! Panoramic Gulf views from nearly ever...	3 beds \| 4 baths \| 1,967 sq.ft.	$945,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 1.64% Airbnb Rental Income: $3048 Traditional Rental Income: $3394 Airbnb ROI: 0.45% Traditional ROI: 1.64%
22107 Bataan Avenue Panama City Beach, FL Discover a prime investment opportunity in Panama City Beach's coveted west end, just 0.2-...	3 beds \| 2 baths \| N/A	$537,499	Airbnb cash on cash: 2.65% Traditional cash on cash: 2.14% Airbnb Rental Income: $3048 Traditional Rental Income: $2099 Airbnb ROI: 2.65% Traditional ROI: 2.14%
8586 Island Breeze Avenue Panama City Beach, FL PRIME LOCATION! UNIQUE END lot with Spectacular PRIVATE PRESERVE VIEW and LAKE VIEW! Parti...	2 beds \| 2 baths \| 1,565 sq.ft.	$615,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 1.2% Airbnb Rental Income: $2304 Traditional Rental Income: $2108 Airbnb ROI: 0.55% Traditional ROI: 1.2%
6422 W Highway 98 unit: 805 #805 Panama City Beach, FL Experience waterfront living at Marina Landing with this 2-bedroom, 2-bath high-rise condo...	2 beds \| 2 baths \| N/A	$395,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 2.84% Airbnb Rental Income: $2203 Traditional Rental Income: $2860 Airbnb ROI: -0.44% Traditional ROI: 2.84%
200 S Glades Trail Panama City Beach, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS HOMEOWNERS ARE ALLOWED TO HAV...	3 beds \| 2 baths \| N/A	$350,000	Airbnb cash on cash: 4.48% Traditional cash on cash: 4.48% Airbnb Rental Income: $2883 Traditional Rental Income: $2215 Airbnb ROI: 4.48% Traditional ROI: 4.48%
10713 Front Beach Rd. unit: 1503 #1503 Panama City Beach, FL Are you are looking for a great investment property? Look no further! This spacious condo ...	3 beds \| 2 baths \| 1,559 sq.ft.	$595,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 1.25% Airbnb Rental Income: $2883 Traditional Rental Income: $2839 Airbnb ROI: 0.13% Traditional ROI: 1.25%
520 N Richard Jackson Boulevard unit: 956 #956 Panama City Beach, FL This beautiful second floor condo overlooking the pond has recently updated flooring, fres...	1 beds \| 2 baths \| N/A	$215,000	Airbnb cash on cash: -7.21% Traditional cash on cash: 1.21% Airbnb Rental Income: $239 Traditional Rental Income: $1727 Airbnb ROI: -7.21% Traditional ROI: 1.21%
9902 S Thomas Drive unit: 832 #832 Panama City Beach, FL Turnkey and income producing, this beautifully furnished 3-bedroom 2-bath condo at the ico...	3 beds \| 2 baths \| 1,262 sq.ft.	$325,000	Airbnb cash on cash: 3.94% Traditional cash on cash: 3.67% Airbnb Rental Income: $2883 Traditional Rental Income: $2129 Airbnb ROI: 3.94% Traditional ROI: 3.67%
1413 Trout Drive Panama City Beach, FL Tucked behind the private gates of the Bay Point community, this four-bedroom, four-and-a-...	4 beds \| 4 baths \| 3,618 sq.ft.	$1,550,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 3.02% Airbnb Rental Income: $3630 Traditional Rental Income: $7284 Airbnb ROI: -0.06% Traditional ROI: 3.02%
522 Lyndell Lane Panama City Beach, FL Great Investment Property Opportunity with solid rental history. No HOA and located just 1...	5 beds \| 3 baths \| N/A	$1,425,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.67% Airbnb Rental Income: $null Traditional Rental Income: $3339 Airbnb ROI: N/A Traditional ROI: 0.67%
512 Lighthouse Road Panama City Beach, FL Live the beach life at Nautilus Cove, a gated condo community in Panama City Beach just 1/...	2 beds \| 2 baths \| N/A	$198,997	Airbnb cash on cash: 3.31% Traditional cash on cash: 2.63% Airbnb Rental Income: $2203 Traditional Rental Income: $1519 Airbnb ROI: 3.31% Traditional ROI: 2.63%
8700 Front Beach Road unit: 3208 #3208 Panama City Beach, FL Welcome to your dream home in the prestigious gated community of Island Reserve. This imma...	3 beds \| 3 baths \| 1,761 sq.ft.	$350,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 2.82% Airbnb Rental Income: $2883 Traditional Rental Income: $2587 Airbnb ROI: 1.68% Traditional ROI: 2.82%
131 Hombre Circle Panama City Beach, FL Welcome to 131 Hombre Circle. A Thoughtfully Upgraded Retreat in The Glades community! Dis...	3 beds \| 2 baths \| N/A	$575,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 2.17% Airbnb Rental Income: $2883 Traditional Rental Income: $2211 Airbnb ROI: 2.18% Traditional ROI: 2.17%
11483 Front Beach Road unit: 601 #601 Panama City Beach, FL Welcome to this stunning 3-bedroom, 3-full bath condominium boasting over 1800 square feet...	3 beds \| 3 baths \| N/A	$949,999	Airbnb cash on cash: -2.28% Traditional cash on cash: -1.22% Airbnb Rental Income: $2883 Traditional Rental Income: $3154 Airbnb ROI: -2.28% Traditional ROI: -1.22%
6201 Thomas Drive unit: 1805 #1805 Panama City Beach, FL Luxurious Gulf Front Penthouse Condo at Watercrest Welcome to coastal paradise living at i...	3 beds \| 3 baths \| N/A	$2,100,000	Airbnb cash on cash: -1.67% Traditional cash on cash: -0.88% Airbnb Rental Income: $2883 Traditional Rental Income: $3753 Airbnb ROI: -1.67% Traditional ROI: -0.88%
146 Hombre Circle Panama City Beach, FL **ABSOLUTELY BEAUTIFUL** This AMAZING 4 bedroom 2.5 bath home has been BEAUTIFULLY REN...	4 beds \| 3 baths \| 2,940 sq.ft.	$629,000	Airbnb cash on cash: 2.7% Traditional cash on cash: 2.63% Airbnb Rental Income: $3630 Traditional Rental Income: $2796 Airbnb ROI: 2.7% Traditional ROI: 2.63%
109 Marlin Circle Panama City Beach, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' >>>> GORGEOUS HOME w/ POOL i...	3 beds \| 2 baths \| N/A	$674,900	Airbnb cash on cash: 1.7% Traditional cash on cash: 2.15% Airbnb Rental Income: $2883 Traditional Rental Income: $2496 Airbnb ROI: 1.7% Traditional ROI: 2.15%
1101 Prospect Promenade unit: 401 #401 Panama City Beach, FL Welcome Home to your exquisite lakefront coastal oasis! Wild Heron is the exclusive Lake P...	3 beds \| 3 baths \| 1,710 sq.ft.	$650,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 1.59% Airbnb Rental Income: $3048 Traditional Rental Income: $2687 Airbnb ROI: 1.03% Traditional ROI: 1.59%
6213 Thomas Drive unit: 301 #301 Panama City Beach, FL Sun, Sand, and Relaxation! Welcome to Mariner West, a charming low-rise Gulf-front condomi...	1 beds \| 2 baths \| N/A	$395,000	Airbnb cash on cash: -5.26% Traditional cash on cash: -1.17% Airbnb Rental Income: $239 Traditional Rental Income: $1525 Airbnb ROI: -5.26% Traditional ROI: -1.17%
1808 Annabellas Drive Panama City Beach, FL Welcome to Annabella's Townhome Community, where comfort meets convenience. Thoughtfully l...	3 beds \| 2 baths \| 1,509 sq.ft.	$275,000	Airbnb cash on cash: 5.51% Traditional cash on cash: 4.81% Airbnb Rental Income: $2883 Traditional Rental Income: $2031 Airbnb ROI: 5.51% Traditional ROI: 4.81%
6807 Sunset Avenue Panama City Beach, FL OPEN HOUSE \| Sunday, 8/31/25 \| 12-2 PMSeller offering $7,000 towards buyer's closing costs...	4 beds \| 3 baths \| 2,106 sq.ft.	$735,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 1.96% Airbnb Rental Income: $3630 Traditional Rental Income: $2689 Airbnb ROI: 2.18% Traditional ROI: 1.96%
215 Sands Street Panama City Beach, FL Just steps from Public Beach Access 74-no golf cart needed! This stunning home offers a gu...	3 beds \| 3 baths \| 1,964 sq.ft.	$1,125,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 0.26% Airbnb Rental Income: $3048 Traditional Rental Income: $2453 Airbnb ROI: 0.17% Traditional ROI: 0.26%
6813 S Lagoon Drive Panama City Beach, FL OPEN HOUSE - Saturday, September 13th from 11a-2p. Come Home to the Beach! Located on one ...	3 beds \| 2 baths \| 1,610 sq.ft.	$529,000	Airbnb cash on cash: 2.32% Traditional cash on cash: 1.75% Airbnb Rental Income: $2883 Traditional Rental Income: $1932 Airbnb ROI: 2.32% Traditional ROI: 1.75%
6725 Harbour Boulevard Panama City Beach, FL Waterfront Living in a Serene Gated Community! Nestled in a quiet gated neighborhood, this...	3 beds \| 2 baths \| N/A	$350,000	Airbnb cash on cash: 4.38% Traditional cash on cash: 4.44% Airbnb Rental Income: $2883 Traditional Rental Income: $2231 Airbnb ROI: 4.38% Traditional ROI: 4.44%
6627 Thomas Drive unit: 301 #301 Panama City Beach, FL Indulge in the pinnacle of coastal luxury at Sterling Beach. This expansive 3-bedroom, 3-b...	3 beds \| 3 baths \| N/A	$1,590,000	Airbnb cash on cash: -1.09% Traditional cash on cash: 0.11% Airbnb Rental Income: $2883 Traditional Rental Income: $3995 Airbnb ROI: -1.09% Traditional ROI: 0.11%
4301 Bay Point Road unit: 482 #482 Panama City Beach, FL Stylishly Remodeled Penthouse Condo in Bay Point! Newly priced and now offering OWNER FINA...	2 beds \| 2 baths \| 1,565 sq.ft.	$328,900	Airbnb cash on cash: 1.79% Traditional cash on cash: 2.38% Airbnb Rental Income: $2203 Traditional Rental Income: $1828 Airbnb ROI: 1.79% Traditional ROI: 2.38%
7813 N Lagoon Drive unit: 4H #4H Panama City Beach, FL Wonderful Greenwood Estates Community located on Grand Lagoon. Greenwood Estates extensive...	2 beds \| 1 baths \| N/A	$229,500	Airbnb cash on cash: 3.09% Traditional cash on cash: 1.75% Airbnb Rental Income: $2203 Traditional Rental Income: $1355 Airbnb ROI: 3.09% Traditional ROI: 1.75%
8127 N Lagoon Drive Panama City Beach, FL Nestled on nearly an acre of beautifully landscaped grounds, this stately home overlooks t...	4 beds \| 4 baths \| 3,384 sq.ft.	$1,999,999	Airbnb cash on cash: 0.2% Traditional cash on cash: 0.66% Airbnb Rental Income: $3630 Traditional Rental Income: $3690 Airbnb ROI: 0.2% Traditional ROI: 0.66%
8827 Crooked Creek Drive Panama City Beach, FL Your Private Waterfront Oasis on Crooked Creek - A Fisherman's Paradise! Here's your chanc...	3 beds \| 2 baths \| N/A	$849,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 1.42% Airbnb Rental Income: $3048 Traditional Rental Income: $2402 Airbnb ROI: 1.35% Traditional ROI: 1.42%
5833 N Lagoon Drive unit: A #A Panama City Beach, FL Great opportunity to own a waterfront home on North Lagoon in Panama City Beach, FL! Price...	3 beds \| 3 baths \| N/A	$720,000	Airbnb cash on cash: 1.21% Traditional cash on cash: 2.42% Airbnb Rental Income: $2883 Traditional Rental Income: $3021 Airbnb ROI: 1.21% Traditional ROI: 2.42%
5910 Beach Drive Panama City Beach, FL INCOME-PRODUCING PROPERTY \| Consistent 6-Figure Revenue \| Seller Relocating Internationall...	4 beds \| 5 baths \| N/A	$769,500	Airbnb cash on cash: 2.21% Traditional cash on cash: 5.05% Airbnb Rental Income: $3630 Traditional Rental Income: $4870 Airbnb ROI: 2.21% Traditional ROI: 5.05%
8700 Front Beach Road unit: 7107 #7107 Panama City Beach, FL FIRST FLOOR! Live in paradise in this beautiful resort style atmosphere. Island living and...	2 beds \| 3 baths \| N/A	$284,111	Airbnb cash on cash: 0.91% Traditional cash on cash: 2.16% Airbnb Rental Income: $2203 Traditional Rental Income: $1981 Airbnb ROI: 0.91% Traditional ROI: 2.16%
22930 Ann Miller Road Panama City Beach, FL Welcome to your dream lifestyle on the lake, with wonderful proximity to the beach! Discov...	3 beds \| 2 baths \| 1,580 sq.ft.	$525,000	Airbnb cash on cash: 2.73% Traditional cash on cash: 2.63% Airbnb Rental Income: $3048 Traditional Rental Income: $2299 Airbnb ROI: 2.73% Traditional ROI: 2.63%
9900 S Thomas Drive unit: 1109 #1109 Panama City Beach, FL Step into one of Panama City Beach's most iconic resorts - Shores of Panama - and enjoy th...	1 beds \| 2 baths \| 845 sq.ft.	$349,000	Airbnb cash on cash: -3.09% Traditional cash on cash: 2.65% Airbnb Rental Income: $239 Traditional Rental Income: $1891 Airbnb ROI: -3.09% Traditional ROI: 2.65%
111 Carillon Market Street unit: Ste 303 #Ste 303 Panama City Beach, FL This well designed, beautifully decorated, immaculate one bedroom condo in the Downtown ar...	1 beds \| 2 baths \| 810 sq.ft.	$410,000	Airbnb cash on cash: -2.08% Traditional cash on cash: 1.68% Airbnb Rental Income: $239 Traditional Rental Income: $1455 Airbnb ROI: -2.08% Traditional ROI: 1.68%
9902 S Thomas Drive unit: 335 #335 Panama City Beach, FL No elevator needed to get to this condo, just park on the 3rd floor and walk over! This pe...	1 beds \| 2 baths \| 1,047 sq.ft.	$245,000	Airbnb cash on cash: -6.55% Traditional cash on cash: 2.92% Airbnb Rental Income: $239 Traditional Rental Income: $2202 Airbnb ROI: -6.55% Traditional ROI: 2.92%

Real Estate investment in Panama-city-beach, FL

There are 1,146 properties for sale in the city of Panama City Beach . The median list price in Panama City Beach is $449,000 and the average price per square foot is $303. In December 2025, the average monthly cash on cash return in Panama City Beach is 2.00%. The average monthly rental income in Panama City Beach is $1,914.

Panama-city-beach, FL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 1,146 investment properties available for sale in Panama-city-beach.

In 2025, the best neighborhood to buy investment property is Panama City Beach.

The ROI for Long-Term is higher than the Short-Term in Panama-city-beach with average rental income of $1,914.

Your search for investment property begins and ends here

Investment Property for Sale in Panama City Beach, FL

921 Lighthouse Lagoon Court

Panama City Beach, FL

4 beds | 3 baths | 3,241 sq.ft.

$974,000

Airbnb cash on cash: 1%

Traditional cash on cash: 1.51%

Airbnb Rental Income: $3630

Traditional Rental Income: $3304

Airbnb ROI: 1%

Traditional ROI: 1.51%

130 Parkshore Drive

Panama City Beach, FL

3 beds | 3 baths | 1,700 sq.ft.

$1,469,000

Airbnb cash on cash: -0.18%

Traditional cash on cash: 0.13%

Airbnb Rental Income: $3048

Traditional Rental Income: $2784

Airbnb ROI: -0.18%

Traditional ROI: 0.13%

1112 Prospect Promenade unit: 201 #201

Panama City Beach, FL

4 beds | 4 baths | 2,365 sq.ft.

$679,995

Airbnb cash on cash: -1.05%

Traditional cash on cash: 0.17%

Airbnb Rental Income: $3834

Traditional Rental Income: $3782

Airbnb ROI: -1.05%

Traditional ROI: 0.17%

2400 Grandiflora Blvd

Panama City Beach, FL

3 beds | 3 baths | 1,823 sq.ft.

$499,000

Airbnb cash on cash: -0.08%

Traditional cash on cash: 2.96%

Airbnb Rental Income: $2883

Traditional Rental Income: $3631

Airbnb ROI: -0.08%

Traditional ROI: 2.96%

22432 Front Beach Road

Panama City Beach, FL

3 beds | 4 baths | 1,967 sq.ft.

$945,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 1.64%

Airbnb Rental Income: $3048

Traditional Rental Income: $3394

Airbnb ROI: 0.45%

Traditional ROI: 1.64%

22107 Bataan Avenue

Panama City Beach, FL

3 beds | 2 baths | N/A

$537,499

Airbnb cash on cash: 2.65%

Traditional cash on cash: 2.14%

Airbnb Rental Income: $3048

Traditional Rental Income: $2099

Airbnb ROI: 2.65%

Traditional ROI: 2.14%

8586 Island Breeze Avenue

Panama City Beach, FL

2 beds | 2 baths | 1,565 sq.ft.

$615,000

Airbnb cash on cash: 0.55%

Traditional cash on cash: 1.2%

Airbnb Rental Income: $2304

Traditional Rental Income: $2108

Airbnb ROI: 0.55%

Traditional ROI: 1.2%

6422 W Highway 98 unit: 805 #805

Panama City Beach, FL

2 beds | 2 baths | N/A

$395,000

Airbnb cash on cash: -0.44%

Traditional cash on cash: 2.84%

Airbnb Rental Income: $2203

Traditional Rental Income: $2860

Airbnb ROI: -0.44%