Real Estate Investment Properties for Sale in Panama City, FL

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

Explore a variety of short-term homes & houses in Panama City, FL. Invest wisely with VRBO & Panama City, 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, FL

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1538 S Berthe Ave Panama City, FL Check out this beautifully updated WATERFRONT Callaway home nestled just at the end of S. ...	3 beds \| 2 baths \| 2,171 sq.ft.	$569,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 4.37% Airbnb Rental Income: $1245 Traditional Rental Income: $3199 Airbnb ROI: -0.05% Traditional ROI: 4.37%
257 Seneca Ave Panama City, FL Developers, investors and/or master gardeners take heed! This is a rare & wonderful opport...	4 beds \| 2 baths \| 1,805 sq.ft.	$300,990	Airbnb cash on cash: 0.83% Traditional cash on cash: 7.63% Airbnb Rental Income: $1260 Traditional Rental Income: $2787 Airbnb ROI: 0.83% Traditional ROI: 7.63%
6201 Thomas Drive #401 Panama City, FL WELCOME TO YOUR NEW PERSONAL HOME OR INVESTMENT CONDO!!! 80-100K GROSS RETURN ON INVESTMEN...	2 beds \| 2 baths \| 1,367 sq.ft.	$739,900	Airbnb cash on cash: -2.35% Traditional cash on cash: -0.53% Airbnb Rental Income: $1188 Traditional Rental Income: $2061 Airbnb ROI: -2.35% Traditional ROI: -0.53%
230 Boca Shores Drive Panama City, FL Bring Your Boat, Skip the HOA, Still Minutes to the Beach Corner-lot home with space for y...	4 beds \| 3 baths \| 2,397 sq.ft.	$599,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 2.58% Airbnb Rental Income: $1260 Traditional Rental Income: $2589 Airbnb ROI: -0.51% Traditional ROI: 2.58%
4120 Danny Drive Panama City, FL RARE OPPORTUNITY to own this fully- furnished, gulf-view home with private pool and litera...	4 beds \| 3 baths \| 2,240 sq.ft.	$1,199,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 1.08% Airbnb Rental Income: $1260 Traditional Rental Income: $3426 Airbnb ROI: -1.22% Traditional ROI: 1.08%
222 Lannie Rowe Drive Panama City, FL Currently under contract but the seller is accepting backup offers. Welcome home to comfor...	3 beds \| 2 baths \| 1,732 sq.ft.	$259,900	Airbnb cash on cash: 1.66% Traditional cash on cash: 6.75% Airbnb Rental Income: $1245 Traditional Rental Income: $2096 Airbnb ROI: 1.66% Traditional ROI: 6.75%
106 Moody Drive Panama City, FL This charming 3-bedroom, 2-bath brick and flagstone home offers comfort and convenience in...	3 beds \| 2 baths \| 2,041 sq.ft.	$280,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 8.03% Airbnb Rental Income: $1245 Traditional Rental Income: $2901 Airbnb ROI: 0.25% Traditional ROI: 8.03%
2816 Hawks Landing Boulevard Panama City, FL Don't MISS this opportunity to own a beautiful custom home on a corner lot in the highly d...	4 beds \| 4 baths \| 2,726 sq.ft.	$549,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 4.33% Airbnb Rental Income: $1260 Traditional Rental Income: $3585 Airbnb ROI: -0.98% Traditional ROI: 4.33%
930 Grace Avenue Panama City, FL You truly need to tour this home to see all that has been completed to make this such a be...	3 beds \| 3 baths \| 2,474 sq.ft.	$569,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 5.81% Airbnb Rental Income: $1245 Traditional Rental Income: $3866 Airbnb ROI: 0.13% Traditional ROI: 5.81%
5014 Hickory St Panama City, FL Great Investment Opportunity! Freshly remodeled, new paint, new floors, new baseboards, ne...	2 beds \| 1 baths \| 1,226 sq.ft.	$175,900	Airbnb cash on cash: 2.34% Traditional cash on cash: 7.25% Airbnb Rental Income: $1188 Traditional Rental Income: $1623 Airbnb ROI: 2.34% Traditional ROI: 7.25%
8103 Zula Avenue Panama City, FL SELLER OFFERING $5,000 IN CONSESSIONS! Tucked away in the highly desirable Highpoint area ...	3 beds \| 2 baths \| 1,333 sq.ft.	$295,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 4.51% Airbnb Rental Income: $1245 Traditional Rental Income: $1855 Airbnb ROI: 0.88% Traditional ROI: 4.51%
6506 Hiwassee Street Panama City, FL The Ultimate Move-In Ready Home.No HOA and no Flood zone. .Discover the perfect blend of d...	3 beds \| 2 baths \| 1,566 sq.ft.	$299,000	Airbnb cash on cash: 1% Traditional cash on cash: 4.9% Airbnb Rental Income: $1245 Traditional Rental Income: $1946 Airbnb ROI: 1% Traditional ROI: 4.9%
6712 Sunset Avenue Panama City, FL Built in 2017 and located just 3 blocks from the sugar-white sands of Beach Access 12, thi...	3 beds \| 2 baths \| 1,350 sq.ft.	$499,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 1.9% Airbnb Rental Income: $1245 Traditional Rental Income: $1853 Airbnb ROI: -0.25% Traditional ROI: 1.9%
109 Concord Circle Panama City, FL BACK ON THE MARKET AT NO FAULT OF THE SELLER....3/2 with Extra Room newly remodeled home o...	3 beds \| 2 baths \| 1,744 sq.ft.	$298,000	Airbnb cash on cash: 1% Traditional cash on cash: 6.27% Airbnb Rental Income: $1245 Traditional Rental Income: $2326 Airbnb ROI: 1% Traditional ROI: 6.27%
2100 W Beach Drive #W101 Panama City, FL Enjoy relaxed coastal living in this beautifully updated ground-floor condo at Landmark on...	2 beds \| 1 baths \| 970 sq.ft.	$249,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 1.81% Airbnb Rental Income: $1188 Traditional Rental Income: $1260 Airbnb ROI: -0.13% Traditional ROI: 1.81%
9902 S Thomas Drive #936 Panama City, FL This beautiful and spacious one bedroom unit at Laketown Wharf comes with bunk beds and tw...	1 beds \| 2 baths \| 1,047 sq.ft.	$260,000	Airbnb cash on cash: -3.97% Traditional cash on cash: 3.05% Airbnb Rental Income: $949 Traditional Rental Income: $2324 Airbnb ROI: -3.97% Traditional ROI: 3.05%
1416 E Park Rd Panama City, FL CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Spacious home with tons of poten...	4 beds \| 2 baths \| 1,438 sq.ft.	$320,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 4.41% Airbnb Rental Income: $1260 Traditional Rental Income: $1985 Airbnb ROI: 0.67% Traditional ROI: 4.41%
2605 Avondale Ct Panama City, FL Welcome to 2605 Avondale! This MOVE IN READ 2 story home is located just off hwy 231 minut...	3 beds \| 2 baths \| 1,302 sq.ft.	$244,900	Airbnb cash on cash: 0.77% Traditional cash on cash: 6.72% Airbnb Rental Income: $1245 Traditional Rental Income: $2224 Airbnb ROI: 0.77% Traditional ROI: 6.72%
4043 Woodville Lane Panama City, FL Move in ready! Be prepared to be impressed! This 3 bedroom, 2 Bath home is at the end of a...	3 beds \| 2 baths \| 1,526 sq.ft.	$275,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 5.82% Airbnb Rental Income: $1245 Traditional Rental Income: $2252 Airbnb ROI: 0.41% Traditional ROI: 5.82%
5007 Donalson Rd Panama City, FL Unique beautifully renovated tastefully remodeled spacious 2 bedroom 2 1/2 bathroom townho...	2 beds \| 2 baths \| 1,120 sq.ft.	$209,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 4.61% Airbnb Rental Income: $1188 Traditional Rental Income: $1379 Airbnb ROI: 1.69% Traditional ROI: 4.61%
9860 S Thomas Drive #907 Panama City, FL Own a Slice of Paradise at Laketown Wharf - Gulf-View Turnkey Investment! Discover the per...	2 beds \| 2 baths \| 1,262 sq.ft.	$329,500	Airbnb cash on cash: -3.33% Traditional cash on cash: 1.51% Airbnb Rental Income: $1188 Traditional Rental Income: $2299 Airbnb ROI: -3.33% Traditional ROI: 1.51%
911 Cypress Avenue Panama City, FL Rental and Investment potential. Rent out main home while living in the apartment above th...	3 beds \| 2 baths \| 2,403 sq.ft.	$310,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 7.42% Airbnb Rental Income: $1245 Traditional Rental Income: $2925 Airbnb ROI: 0.3% Traditional ROI: 7.42%
508 Shade Street Panama City, FL Welcome to this well-located 3-bedroom, 2-bath home situated on a desirable corner lot in ...	3 beds \| 2 baths \| 1,392 sq.ft.	$230,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 6.39% Airbnb Rental Income: $1245 Traditional Rental Income: $1774 Airbnb ROI: 2.13% Traditional ROI: 6.39%
7154 Riverbrooke Street Panama City, FL This adorable 4 bed, 2 full bath, Craftsman style home is located in the quiet Barrett's P...	4 beds \| 2 baths \| 1,768 sq.ft.	$289,900	Airbnb cash on cash: 0.64% Traditional cash on cash: 7.28% Airbnb Rental Income: $1260 Traditional Rental Income: $2674 Airbnb ROI: 0.64% Traditional ROI: 7.28%
806 Huntington Drive Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Charming & Centrally Located ...	3 beds \| 2 baths \| 1,175 sq.ft.	$180,000	Airbnb cash on cash: 2.85% Traditional cash on cash: 10.19% Airbnb Rental Income: $1245 Traditional Rental Income: $2106 Airbnb ROI: 2.85% Traditional ROI: 10.19%
9900 S Thomas Drive #1704 Panama City, FL WELCOME TO SHORES OF PANAMA 1704.....Stunning beachfront residence at **Shores of Panama -...	2 beds \| 3 baths \| 1,148 sq.ft.	$413,300	Airbnb cash on cash: -2.39% Traditional cash on cash: 0.59% Airbnb Rental Income: $1188 Traditional Rental Income: $1954 Airbnb ROI: -2.39% Traditional ROI: 0.59%
1720 Sherman Avenue Panama City, FL PRICE REDUCED!! MOTIVATED SELLER!! Must Sell! Charming single story split bedroom Florida ...	3 beds \| 2 baths \| 1,558 sq.ft.	$255,800	Airbnb cash on cash: 1.4% Traditional cash on cash: 8.14% Airbnb Rental Income: $1245 Traditional Rental Income: $2476 Airbnb ROI: 1.4% Traditional ROI: 8.14%
9902 S Thomas Drive #1237 Panama City, FL Unlock an exceptional investment opportunity in Panama City Beach, FL, with this beautiful...	1 beds \| 2 baths \| 1,047 sq.ft.	$280,000	Airbnb cash on cash: -2.3% Traditional cash on cash: 4.08% Airbnb Rental Income: $949 Traditional Rental Income: $2286 Airbnb ROI: -2.3% Traditional ROI: 4.08%
111 Bayou Ave Panama City, FL Stucco 3 bedroom 1 bath home with unincumbered views of Martin Lake from the living room, ...	3 beds \| 1 baths \| 1,008 sq.ft.	$229,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 4.54% Airbnb Rental Income: $1245 Traditional Rental Income: $1370 Airbnb ROI: 2.14% Traditional ROI: 4.54%
6519 Pridgen St Panama City, FL This town home is clean and beautiful, located in Callaway . This 1204 sq ft townhome is v...	2 beds \| 1 baths \| 1,204 sq.ft.	$180,000	Airbnb cash on cash: 2.76% Traditional cash on cash: 5% Airbnb Rental Income: $1188 Traditional Rental Income: $1186 Airbnb ROI: 2.76% Traditional ROI: 5%
9860 S Thomas Drive #309 Panama City, FL Gross Vacation Rental Projection $43,700-$59,950! Welcome to Laketown Wharf 309! Totally u...	2 beds \| 2 baths \| 1,262 sq.ft.	$365,000	Airbnb cash on cash: -3.47% Traditional cash on cash: 1.03% Airbnb Rental Income: $1188 Traditional Rental Income: $2343 Airbnb ROI: -3.47% Traditional ROI: 1.03%
3531 Florida Avenue Panama City, FL Currently under contract, seller will consider backup offers. Secure your opportunity to o...	3 beds \| 2 baths \| 2,458 sq.ft.	$419,900	Airbnb cash on cash: 0.21% Traditional cash on cash: 4.91% Airbnb Rental Income: $1245 Traditional Rental Income: $2696 Airbnb ROI: 0.21% Traditional ROI: 4.91%
5116 Blue Harbor Dr Panama City, FL Waterfront Living at Its Finest! This stunning end-unit townhome offers the perfect blend ...	3 beds \| 2 baths \| 2,355 sq.ft.	$475,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 3.64% Airbnb Rental Income: $1245 Traditional Rental Income: $2821 Airbnb ROI: -0.8% Traditional ROI: 3.64%
2222 W 29th Plaza Panama City, FL WATERFRONT - A Rare Investor's/Fisherman's Dream on Robinson Bayou MOTIVATED SELLER, D...	3 beds \| 3 baths \| 1,581 sq.ft.	$639,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 2.72% Airbnb Rental Income: $1245 Traditional Rental Income: $2711 Airbnb ROI: -0.4% Traditional ROI: 2.72%
7125 N Lagoon Drive #C Panama City, FL Looking for a quiet place to call home? This spacious Shadetree Condo is IT. Boutique comm...	2 beds \| 2 baths \| 1,200 sq.ft.	$235,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 2.57% Airbnb Rental Income: $1188 Traditional Rental Income: $1472 Airbnb ROI: -0.45% Traditional ROI: 2.57%
1105 Redfish Circle Panama City, FL OPEN TO SHOW; CALL FOR A TIME: Own a home AND THE LAND under it in the sought-after resort...	3 beds \| 2 baths \| 1,998 sq.ft.	$459,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 3.01% Airbnb Rental Income: $1245 Traditional Rental Income: $2266 Airbnb ROI: -0.29% Traditional ROI: 3.01%
6406 Letohatchee St Panama City, FL Beautiful well maintained all brick home in desirable area close to Tyndall AFB, shopping...	3 beds \| 2 baths \| 1,423 sq.ft.	$275,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 4.49% Airbnb Rental Income: $1245 Traditional Rental Income: $1744 Airbnb ROI: 1.03% Traditional ROI: 4.49%
551 Blue Heron Dr Panama City, FL This home offers space, flexibility, and outdoor living on a half-acre lot in Pelican Poin...	3 beds \| 2 baths \| 1,901 sq.ft.	$389,999	Airbnb cash on cash: 0.75% Traditional cash on cash: 5.89% Airbnb Rental Income: $1245 Traditional Rental Income: $2729 Airbnb ROI: 0.75% Traditional ROI: 5.89%
817 Clement Drive Panama City, FL ! Experience the perfect blend of a serene country setting with the convenience of being j...	3 beds \| 2 baths \| 2,354 sq.ft.	$599,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 2.96% Airbnb Rental Income: $1245 Traditional Rental Income: $2464 Airbnb ROI: 0.07% Traditional ROI: 2.96%
707 Plantation Circle Panama City, FL Beautifully Maintained home on a half acre lot with a backyard oasis you have to see to be...	3 beds \| 2 baths \| 2,160 sq.ft.	$374,900	Airbnb cash on cash: 0.4% Traditional cash on cash: 6.96% Airbnb Rental Income: $1245 Traditional Rental Income: $3154 Airbnb ROI: 0.4% Traditional ROI: 6.96%

Real Estate investment in Panama-city, FL

There are 790 properties for sale in the city of Panama City . The median list price in Panama City is $304,000 and the average price per square foot is $181. In May 2026, the average monthly cash on cash return in Panama City is 4.00%. The average monthly rental income in Panama City is $1,940.

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

There are 790 investment properties available for sale in Panama-city.

In 2026, the best neighborhood to buy investment property is Panama City.

The ROI for Short-Term is higher than the Long-Term in Panama-city with average rental income of $1,245.

Your search for investment property begins and ends here

Investment Property for Sale in Panama City, FL

1538 S Berthe Ave

Panama City, FL

3 beds | 2 baths | 2,171 sq.ft.

$569,000

Airbnb cash on cash: -0.05%

Traditional cash on cash: 4.37%

Airbnb Rental Income: $1245

Traditional Rental Income: $3199

Airbnb ROI: -0.05%

Traditional ROI: 4.37%

257 Seneca Ave

Panama City, FL

4 beds | 2 baths | 1,805 sq.ft.

$300,990

Airbnb cash on cash: 0.83%

Traditional cash on cash: 7.63%

Airbnb Rental Income: $1260

Traditional Rental Income: $2787

Airbnb ROI: 0.83%

Traditional ROI: 7.63%

6201 Thomas Drive #401

Panama City, FL

2 beds | 2 baths | 1,367 sq.ft.

$739,900

Airbnb cash on cash: -2.35%

Traditional cash on cash: -0.53%

Airbnb Rental Income: $1188

Traditional Rental Income: $2061

Airbnb ROI: -2.35%

Traditional ROI: -0.53%

230 Boca Shores Drive

Panama City, FL

4 beds | 3 baths | 2,397 sq.ft.

$599,000

Airbnb cash on cash: -0.51%

Traditional cash on cash: 2.58%

Airbnb Rental Income: $1260

Traditional Rental Income: $2589

Airbnb ROI: -0.51%

Traditional ROI: 2.58%

4120 Danny Drive

Panama City, FL

4 beds | 3 baths | 2,240 sq.ft.

$1,199,000

Airbnb cash on cash: -1.22%

Traditional cash on cash: 1.08%

Airbnb Rental Income: $1260

Traditional Rental Income: $3426

Airbnb ROI: -1.22%

Traditional ROI: 1.08%

222 Lannie Rowe Drive

Panama City, FL

3 beds | 2 baths | 1,732 sq.ft.

$259,900

Airbnb cash on cash: 1.66%

Traditional cash on cash: 6.75%

Airbnb Rental Income: $1245

Traditional Rental Income: $2096

Airbnb ROI: 1.66%

Traditional ROI: 6.75%

106 Moody Drive

Panama City, FL

3 beds | 2 baths | 2,041 sq.ft.

$280,000

Airbnb cash on cash: 0.25%

Traditional cash on cash: 8.03%

Airbnb Rental Income: $1245

Traditional Rental Income: $2901

Airbnb ROI: 0.25%

Traditional ROI: 8.03%

2816 Hawks Landing Boulevard

Panama City, FL

4 beds | 4 baths | 2,726 sq.ft.

$549,000

Airbnb cash on cash: -0.98%

Traditional cash on cash: 4.33%

Airbnb Rental Income: $1260

Traditional Rental Income: $3585

Airbnb ROI: -0.98%