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.

Townhouses for Sale in Panama City Beach, FL

Search for Townhouse for Sale in Panama City Beach, Florida. Browse all of Mashvisor’s Townhouse listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 89 Townhouse listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5833 N Lagoon Drive unit: 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 \| 2,202 sq.ft.	$720,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 3.01% Airbnb Rental Income: $1279 Traditional Rental Income: $3421 Airbnb ROI: -0.78% Traditional ROI: 3.01%
22930 Ann Miller Road Panama City Beach, FL Live where lake life meets beach days in Miller's Landing, a hidden waterfront gem on the ...	3 beds \| 3 baths \| 1,580 sq.ft.	$525,000	Airbnb cash on cash: -1% Traditional cash on cash: 1.9% Airbnb Rental Income: $1279 Traditional Rental Income: $2299 Airbnb ROI: -1% Traditional ROI: 1.9%
184 White Sandy Drive Panama City Beach, FL Welcome to your dream townhouse in a Gulf-front community, just a short 2-minute stroll fr...	2 beds \| 3 baths \| 1,116 sq.ft.	$350,000	Airbnb cash on cash: -1.72% Traditional cash on cash: 1.59% Airbnb Rental Income: $935 Traditional Rental Income: $1676 Airbnb ROI: -1.72% Traditional ROI: 1.59%
6323 Beach Drive Panama City Beach, FL Welcome to 6323 Beach Drive in Panama City Beach Florida. This adorable 2-bedroom, 2-bath ...	2 beds \| 2 baths \| 1 sq.ft.	$299,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 5.72% Airbnb Rental Income: $935 Traditional Rental Income: $2232 Airbnb ROI: -0.11% Traditional ROI: 5.72%
152 Seagrass Way Panama City Beach, FL Beautifully Furnished Palm Cove Home - Only 1.5 Miles to the Beach! Short-Term Rentals All...	3 beds \| 3 baths \| 1,432 sq.ft.	$304,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 5.7% Airbnb Rental Income: $1279 Traditional Rental Income: $2352 Airbnb ROI: 0.56% Traditional ROI: 5.7%
122 Seagrass Way Panama City Beach, FL Looking for the perfect family home? This charming 3-bedroom, 2.5-bathroom house in the lo...	3 beds \| 3 baths \| 1,432 sq.ft.	$319,000	Airbnb cash on cash: -1.04% Traditional cash on cash: 2.4% Airbnb Rental Income: $1279 Traditional Rental Income: $1909 Airbnb ROI: -1.04% Traditional ROI: 2.4%
35 Chateau Road Panama City Beach, FL BRING AN OFFER! END UNIT! Come see this in person!! Discover your dream getaway at this st...	2 beds \| 2 baths \| 1,083 sq.ft.	$429,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 1.5% Airbnb Rental Income: $935 Traditional Rental Income: $1667 Airbnb ROI: -1.18% Traditional ROI: 1.5%
145 Robin Lane Panama City Beach, FL Great corner unit in Gulf Highlands Beach Resort! Updated kitchen with large island/ break...	2 beds \| 2 baths \| 972 sq.ft.	$265,000	Airbnb cash on cash: -1.79% Traditional cash on cash: 2.17% Airbnb Rental Income: $935 Traditional Rental Income: $1580 Airbnb ROI: -1.79% Traditional ROI: 2.17%
102 Angel Falls Lane Panama City Beach, FL Centrally located in the heart of Panama City Beach, this 3-bedroom, 2.5-bath Waterfall to...	3 beds \| 3 baths \| 1,542 sq.ft.	$275,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 5.78% Airbnb Rental Income: $1279 Traditional Rental Income: $2419 Airbnb ROI: -0.17% Traditional ROI: 5.78%
7472 Shadow Lake Drive Panama City Beach, FL Move-In Ready Townhome in the Heart of Panama City Beach! The open-concept layout provides...	3 beds \| 3 baths \| 1,496 sq.ft.	$249,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 5.83% Airbnb Rental Income: $1279 Traditional Rental Income: $2280 Airbnb ROI: -0.11% Traditional ROI: 5.83%
17709 Front Beach Road unit: #2 Panama City Beach, FL Fully furnished, NO HOA townhome with DIRECT GULF ACCESS at 17709 Front Beach Rd #2 in PAN...	2 beds \| 3 baths \| 1,232 sq.ft.	$780,000	Airbnb cash on cash: -1.28% Traditional cash on cash: 0.65% Airbnb Rental Income: $935 Traditional Rental Income: $1995 Airbnb ROI: -1.28% Traditional ROI: 0.65%
2125 Sterling Cove Boulevard Panama City Beach, FL Welcome to 2125 Sterling Cove Boulevard - a spacious 2-bedroom, 1-1/2 bath end-unit townho...	2 beds \| 2 baths \| 1,152 sq.ft.	$199,900	Airbnb cash on cash: -0.89% Traditional cash on cash: 6.05% Airbnb Rental Income: $935 Traditional Rental Income: $1906 Airbnb ROI: -0.89% Traditional ROI: 6.05%
233 Sand Oak Boulevard Panama City Beach, FL Beautifully updated 3-bedroom, 2.5-bath townhome in the Whisper Dunes community of Panama ...	3 beds \| 3 baths \| 1,560 sq.ft.	$319,500	Airbnb cash on cash: 0.73% Traditional cash on cash: 4.98% Airbnb Rental Income: $1279 Traditional Rental Income: $2154 Airbnb ROI: 0.73% Traditional ROI: 4.98%
151 Gulf Highlands Boulevard Panama City Beach, FL Welcome to Gulf Highlands - A Beautiful Coastal Community with Exceptional Amenities Locat...	2 beds \| 2 baths \| 972 sq.ft.	$227,500	Airbnb cash on cash: -1.43% Traditional cash on cash: 4.04% Airbnb Rental Income: $935 Traditional Rental Income: $1766 Airbnb ROI: -1.43% Traditional ROI: 4.04%
1887 Pointe Drive Panama City Beach, FL Discover this charming, fully furnished coastal-style townhome offering 1,496 square feet,...	3 beds \| 3 baths \| 1,496 sq.ft.	$339,900	Airbnb cash on cash: 0.02% Traditional cash on cash: 5.49% Airbnb Rental Income: $1279 Traditional Rental Income: $2625 Airbnb ROI: 0.02% Traditional ROI: 5.49%
2803 Lagoon Knoll unit: A Panama City Beach, FL Short Term Rentals Allowed, No HOA and Completely Remodeled. This bright and airy 2 bedroo...	2 beds \| 2 baths \| 1,114 sq.ft.	$308,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 3.73% Airbnb Rental Income: $935 Traditional Rental Income: $1690 Airbnb ROI: -0.06% Traditional ROI: 3.73%
6590 Harbour Boulevard Panama City Beach, FL Great waterfront location. If you are a boater, you need to come see this home. There is a...	2 beds \| 3 baths \| 1,116 sq.ft.	$350,000	Airbnb cash on cash: -0.99% Traditional cash on cash: 4.04% Airbnb Rental Income: $935 Traditional Rental Income: $2243 Airbnb ROI: -0.99% Traditional ROI: 4.04%
112 Robin Lane Panama City Beach, FL LOCATION LOCATION LOCATION. Come check out this beautifully updated and well maintained 3 ...	3 beds \| 3 baths \| 1,293 sq.ft.	$380,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 3.63% Airbnb Rental Income: $1279 Traditional Rental Income: $2199 Airbnb ROI: -0.08% Traditional ROI: 3.63%
7482 Shadow Lake Drive Panama City Beach, FL Fully furnished 3-bedroom, 2.5-bath townhouse-ready to start making money from day one! Th...	3 beds \| 3 baths \| 1,496 sq.ft.	$299,900	Airbnb cash on cash: -0.29% Traditional cash on cash: 4.81% Airbnb Rental Income: $1279 Traditional Rental Income: $2317 Airbnb ROI: -0.29% Traditional ROI: 4.81%
203 Sand Oak Boulevard Panama City Beach, FL Discover coastal living on the highly sought-after west end of Panama City Beach--a quiet ...	3 beds \| 3 baths \| 1,560 sq.ft.	$299,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 4.14% Airbnb Rental Income: $1279 Traditional Rental Income: $2104 Airbnb ROI: -0.22% Traditional ROI: 4.14%
8660 Weekend Drive Panama City Beach, FL MOTIVATED SELLERS!! RENTAL AVAILABLE!! NEW TILED FLOORING THROUGHOUT INSTALLED JUNE 2025!!...	2 beds \| 2 baths \| 1,315 sq.ft.	$399,000	Airbnb cash on cash: -1.64% Traditional cash on cash: 4.27% Airbnb Rental Income: $935 Traditional Rental Income: $2800 Airbnb ROI: -1.64% Traditional ROI: 4.27%
112 Abbie Lane Panama City Beach, FL Welcome to 112 Abbie Lane in the gated Gulf Highlands Beach Resort community of Panama Cit...	3 beds \| 3 baths \| 1,400 sq.ft.	$343,033	Airbnb cash on cash: -0.83% Traditional cash on cash: 3.26% Airbnb Rental Income: $1279 Traditional Rental Income: $2193 Airbnb ROI: -0.83% Traditional ROI: 3.26%
6300 Pinetree Avenue Panama City Beach, FL Freshly renovated and move-in ready, this property at 6300 Pinetree Ave Unit B gives a fan...	2 beds \| 2 baths \| 1,088 sq.ft.	$279,900	Airbnb cash on cash: 0.03% Traditional cash on cash: 4.96% Airbnb Rental Income: $935 Traditional Rental Income: $1890 Airbnb ROI: 0.03% Traditional ROI: 4.96%
22438 Front Beach Road Panama City Beach, FL West End RENTAL MACHINE with Private Elevator & Gulf Views - 30A Luxury Without the Hassle...	4 beds \| 4 baths \| 1,967 sq.ft.	$799,000	Airbnb cash on cash: -1.58% Traditional cash on cash: 0.16% Airbnb Rental Income: $1777 Traditional Rental Income: $2591 Airbnb ROI: -1.58% Traditional ROI: 0.16%
176 White Sandy Drive Panama City Beach, FL CANAL FRONT property in the Heart of Panama City Beach! Check out this 2 bedroom 2 bath to...	2 beds \| 2 baths \| 972 sq.ft.	$275,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 4.33% Airbnb Rental Income: $935 Traditional Rental Income: $1870 Airbnb ROI: -0.61% Traditional ROI: 4.33%
103 W Leslie Lane Panama City Beach, FL Welcome to 103 W Leslie Lane , a beautiful home located just minutes from the sandy white ...	2 beds \| 2 baths \| 972 sq.ft.	$339,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 2.53% Airbnb Rental Income: $935 Traditional Rental Income: $1659 Airbnb ROI: -0.83% Traditional ROI: 2.53%
1503 Match Point Lane unit: 502 Panama City Beach, FL Discover the epitome of upscale living at the Townhomes at the Courts, a new construction ...	3 beds \| 3 baths \| 2,265 sq.ft.	$699,000	Airbnb cash on cash: -5.79% Traditional cash on cash: -3.05% Airbnb Rental Income: $1279 Traditional Rental Income: $2659 Airbnb ROI: -5.79% Traditional ROI: -3.05%
124 W Leslie Lane Panama City Beach, FL Check out this gem! A cute 3-bedroom with a den, 3-bathrooms (1 full and 1 half bathroom d...	3 beds \| 3 baths \| 1,300 sq.ft.	$330,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 2.81% Airbnb Rental Income: $1279 Traditional Rental Income: $1805 Airbnb ROI: -0.18% Traditional ROI: 2.81%
6512 Harbour Boulevard Panama City Beach, FL ATTENTION BOATERS, JET SKI LOVERS and those looking for DEEP WATER acceess to the Gulf, 65...	2 beds \| 3 baths \| 1,064 sq.ft.	$325,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 4.08% Airbnb Rental Income: $935 Traditional Rental Income: $1957 Airbnb ROI: -0.39% Traditional ROI: 4.08%
1501 Match Point Lane unit: 501 Panama City Beach, FL Discover the epitome of upscale living at the Townhomes at the Courts, a new construction ...	3 beds \| 3 baths \| 2,265 sq.ft.	$685,000	Airbnb cash on cash: -3.21% Traditional cash on cash: -0.24% Airbnb Rental Income: $1279 Traditional Rental Income: $2771 Airbnb ROI: -3.21% Traditional ROI: -0.24%
8107 Annabellas Court Panama City Beach, FL Affordable luxury just minutes away from the world's most beautiful beaches, Pier Park, an...	2 beds \| 3 baths \| 1,404 sq.ft.	$189,999	Airbnb cash on cash: -2.06% Traditional cash on cash: 6.04% Airbnb Rental Income: $935 Traditional Rental Income: $2052 Airbnb ROI: -2.06% Traditional ROI: 6.04%
128 White Sandy Drive Panama City Beach, FL Discover your perfect beach property at this beautifully updated 2-bedroom, 2.5-bath townh...	2 beds \| 3 baths \| 1,104 sq.ft.	$350,000	Airbnb cash on cash: -1.81% Traditional cash on cash: 2.51% Airbnb Rental Income: $935 Traditional Rental Income: $2010 Airbnb ROI: -1.81% Traditional ROI: 2.51%
220 Saint Katherine Boulevard Panama City Beach, FL Turnkey and rental-ready, this fully furnished 2-bedroom, 2.5-bath townhome is an ideal en...	2 beds \| 3 baths \| 1,260 sq.ft.	$325,000	Airbnb cash on cash: -1.94% Traditional cash on cash: 1.89% Airbnb Rental Income: $935 Traditional Rental Income: $1763 Airbnb ROI: -1.94% Traditional ROI: 1.89%
8912 Parrot Place Panama City Beach, FL ***Great INVESTMENT opportunity. This home is leased from 3/1/26-2/28/27. The Tortola is L...	2 beds \| 3 baths \| 1,743 sq.ft.	$520,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 3.55% Airbnb Rental Income: $935 Traditional Rental Income: $2749 Airbnb ROI: -0.89% Traditional ROI: 3.55%
1840 Annabellas Drive Panama City Beach, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Welcome to ''Annabellas'' a g...	2 beds \| 3 baths \| 1,404 sq.ft.	$199,900	Airbnb cash on cash: -1.4% Traditional cash on cash: 5.77% Airbnb Rental Income: $935 Traditional Rental Income: $1951 Airbnb ROI: -1.4% Traditional ROI: 5.77%
9614 Beach Boulevard unit: B Panama City Beach, FL Beachfront townhouse on the Gulf. This 3 bedroom townhouse has NO HOA. There is a garage s...	3 beds \| 4 baths \| 1,572 sq.ft.	$1,059,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 0.59% Airbnb Rental Income: $1279 Traditional Rental Income: $2273 Airbnb ROI: -0.83% Traditional ROI: 0.59%
171 Damon Circle Panama City Beach, FL Beachside Bliss Awaits at 171 Damon Circle - Your Dream Coastal Retreat! Discover the ulti...	2 beds \| 2 baths \| 972 sq.ft.	$275,000	Airbnb cash on cash: -1.79% Traditional cash on cash: 3.22% Airbnb Rental Income: $935 Traditional Rental Income: $1890 Airbnb ROI: -1.79% Traditional ROI: 3.22%
636 W Caladium Circle unit: #B Panama City Beach, FL Boho Bungalow Awaits! Fully Furnished Beach Home! Step into this beautifully furnished 2-b...	2 beds \| 2 baths \| 1,088 sq.ft.	$345,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 2.35% Airbnb Rental Income: $935 Traditional Rental Income: $1512 Airbnb ROI: -0.49% Traditional ROI: 2.35%
169 Gulf Highlands Resort Boulevard Panama City Beach, FL Turn-Key Beachside Rental \| Proven Income \| Booking Into 2026 Walk straight into income wi...	3 beds \| 3 baths \| 1,322 sq.ft.	$359,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 2.61% Airbnb Rental Income: $1279 Traditional Rental Income: $2057 Airbnb ROI: -0.89% Traditional ROI: 2.61%
8454 Dreams Float Court Panama City Beach, FL Subject: Warning: This Margaritaville Cottage Might Make You Quit Your Job (and Move to Pa...	2 beds \| 2 baths \| 1,472 sq.ft.	$425,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 2.83% Airbnb Rental Income: $935 Traditional Rental Income: $2022 Airbnb ROI: -0.77% Traditional ROI: 2.83%

Your search for investment property begins and ends here

Townhouses for Sale in Panama City Beach, FL

5833 N Lagoon Drive unit: A

Panama City Beach, FL

3 beds | 3 baths | 2,202 sq.ft.

$720,000

Airbnb cash on cash: -0.78%

Traditional cash on cash: 3.01%

Airbnb Rental Income: $1279

Traditional Rental Income: $3421

Airbnb ROI: -0.78%

Traditional ROI: 3.01%

22930 Ann Miller Road

Panama City Beach, FL

3 beds | 3 baths | 1,580 sq.ft.

$525,000

Airbnb cash on cash: -1%

Traditional cash on cash: 1.9%

Airbnb Rental Income: $1279

Traditional Rental Income: $2299

Airbnb ROI: -1%

Traditional ROI: 1.9%

184 White Sandy Drive

Panama City Beach, FL

2 beds | 3 baths | 1,116 sq.ft.

$350,000

Airbnb cash on cash: -1.72%

Traditional cash on cash: 1.59%

Airbnb Rental Income: $935

Traditional Rental Income: $1676

Airbnb ROI: -1.72%

Traditional ROI: 1.59%

6323 Beach Drive

Panama City Beach, FL

2 beds | 2 baths | 1 sq.ft.

$299,000

Airbnb cash on cash: -0.11%

Traditional cash on cash: 5.72%

Airbnb Rental Income: $935

Traditional Rental Income: $2232

Airbnb ROI: -0.11%

Traditional ROI: 5.72%

152 Seagrass Way

Panama City Beach, FL

3 beds | 3 baths | 1,432 sq.ft.

$304,900

Airbnb cash on cash: 0.56%

Traditional cash on cash: 5.7%

Airbnb Rental Income: $1279

Traditional Rental Income: $2352

Airbnb ROI: 0.56%

Traditional ROI: 5.7%

122 Seagrass Way

Panama City Beach, FL

3 beds | 3 baths | 1,432 sq.ft.

$319,000

Airbnb cash on cash: -1.04%

Traditional cash on cash: 2.4%

Airbnb Rental Income: $1279

Traditional Rental Income: $1909

Airbnb ROI: -1.04%

Traditional ROI: 2.4%

35 Chateau Road

Panama City Beach, FL

2 beds | 2 baths | 1,083 sq.ft.

$429,000

Airbnb cash on cash: -1.18%

Traditional cash on cash: 1.5%

Airbnb Rental Income: $935

Traditional Rental Income: $1667

Airbnb ROI: -1.18%

Traditional ROI: 1.5%

145 Robin Lane

Panama City Beach, FL

2 beds | 2 baths | 972 sq.ft.

$265,000

Airbnb cash on cash: -1.79%

Traditional cash on cash: 2.17%

Airbnb Rental Income: $935

Traditional Rental Income: $1580

Airbnb ROI: -1.79%