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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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.	$625,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 3.29% Airbnb Rental Income: $2840 Traditional Rental Income: $2752 Airbnb ROI: 2.31% Traditional ROI: 3.29%
1301 Oakland Drive Panama City, FL Amazing investment opportunity or homestead. Central panama city fl walking distance to mu...	4 beds \| 2 baths \| 1,674 sq.ft.	$215,000	Airbnb cash on cash: 9.3% Traditional cash on cash: 6.99% Airbnb Rental Income: $3160 Traditional Rental Income: $1975 Airbnb ROI: 9.3% Traditional ROI: 6.99%
1607 W 13th Street Panama City, FL Seller Financing available Discover this quality-built 3-bedroom, 2-bathroom home, thoug...	3 beds \| 2 baths \| 1,094 sq.ft.	$246,900	Airbnb cash on cash: 6.82% Traditional cash on cash: 4.63% Airbnb Rental Income: $2840 Traditional Rental Income: $1667 Airbnb ROI: 6.82% Traditional ROI: 4.63%
1001 Oak Avenue Panama City, FL Downtown duplex on large lot. This all brick construction has been updated with metal roof...	4 beds \| 2 baths \| 2,113 sq.ft.	$325,000	Airbnb cash on cash: 5.94% Traditional cash on cash: 5.66% Airbnb Rental Income: $3160 Traditional Rental Income: $2360 Airbnb ROI: 5.94% Traditional ROI: 5.66%
2205 W 14th Street Panama City, FL Don't miss your chance to own this beautiful rebuilt home in the desirable St. Andrews com...	3 beds \| 3 baths \| 2,082 sq.ft.	$394,900	Airbnb cash on cash: 4.28% Traditional cash on cash: 6.92% Airbnb Rental Income: $2840 Traditional Rental Income: $3157 Airbnb ROI: 4.28% Traditional ROI: 6.92%
810 FORESTDALE AVENUE Panama City, FL SINGLE FAM Home. Type SFR AVERG Total Area 1,944 Heated Area: 1,123 Exterior Walls...	1 beds \| 1 baths \| 1,123 sq.ft.	$245,000	Airbnb cash on cash: 3.7% Traditional cash on cash: 3.91% Airbnb Rental Income: $1799 Traditional Rental Income: $1359 Airbnb ROI: 3.7% Traditional ROI: 3.91%
2014 E 8th Court Panama City, FL If you're looking for a home with character, this 3-bedroom, 2-bathroom gem might just be ...	3 beds \| 2 baths \| 1,032 sq.ft.	$189,000	Airbnb cash on cash: 9.81% Traditional cash on cash: 7.64% Airbnb Rental Income: $2840 Traditional Rental Income: $1788 Airbnb ROI: 9.81% Traditional ROI: 7.64%
905 E 2nd Plaza Panama City, FL Welcome to this fully updated 4-bedroom, 2-bath home with 1,707 square feet of smart, func...	4 beds \| 2 baths \| 1,707 sq.ft.	$395,000	Airbnb cash on cash: 4.23% Traditional cash on cash: 3.8% Airbnb Rental Income: $3160 Traditional Rental Income: $2285 Airbnb ROI: 4.23% Traditional ROI: 3.8%
805 E 2nd Place Panama City, FL Charming Renovated Home in The Cove!Welcome to 805 E 2nd Place -- a beautifully renovated ...	3 beds \| 2 baths \| 1,790 sq.ft.	$405,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 3.56% Airbnb Rental Income: $2840 Traditional Rental Income: $2313 Airbnb ROI: 3.2% Traditional ROI: 3.56%
1709 Cincinnati Avenue Panama City, FL Charming Florida cottage located in Historic St. Andrews, just two blocks from Lake Huntin...	2 beds \| 2 baths \| 1,056 sq.ft.	$250,000	Airbnb cash on cash: 4.47% Traditional cash on cash: 4.8% Airbnb Rental Income: $2121 Traditional Rental Income: $1658 Airbnb ROI: 4.47% Traditional ROI: 4.8%
111 N Marie Drive Panama City, FL Charming Florida-style brick cottage with 3 bedrooms and 1 bathroom located in the desirab...	3 beds \| 1 baths \| 1,056 sq.ft.	$279,000	Airbnb cash on cash: 5.66% Traditional cash on cash: 3.38% Airbnb Rental Income: $2840 Traditional Rental Income: $1579 Airbnb ROI: 5.66% Traditional ROI: 3.38%
301 Bunkers Cove Road Panama City, FL Premier Water Views \| Timeless Cove CharmEnjoy the best of coastal living in this beautifu...	3 beds \| 2 baths \| 1,464 sq.ft.	$456,900	Airbnb cash on cash: 3.34% Traditional cash on cash: 2.98% Airbnb Rental Income: $2840 Traditional Rental Income: $2026 Airbnb ROI: 3.34% Traditional ROI: 2.98%
328 S Palo Alto Avenue Panama City, FL SHORT SALE subject to bank approval. This absolutely stunning POOL HOME in the desirable B...	4 beds \| 3 baths \| 2,704 sq.ft.	$515,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 5.31% Airbnb Rental Income: $3160 Traditional Rental Income: $3757 Airbnb ROI: 2.59% Traditional ROI: 5.31%
920 W Beach Drive Panama City, FL NEW Price Improvement to $1,158,888 on this stunning WATERFRONT home that offers two parce...	3 beds \| 4 baths \| 2,621 sq.ft.	$1,158,888	Airbnb cash on cash: 0.19% Traditional cash on cash: 2.68% Airbnb Rental Income: $2840 Traditional Rental Income: $4851 Airbnb ROI: 0.19% Traditional ROI: 2.68%
316 Cherry Street unit: 25 #25 Panama City, FL Imagine waking up to spectacular sunrises over the bay and ending the day with breathtakin...	2 beds \| 2 baths \| 860 sq.ft.	$270,000	Airbnb cash on cash: 1.29% Traditional cash on cash: 1.05% Airbnb Rental Income: $2121 Traditional Rental Income: $1518 Airbnb ROI: 1.29% Traditional ROI: 1.05%
105 Allen Avenue #65 Panama City, FL Waterfront Living with Historic Charm in the Heart of Panama City! Welcome to The Cove - o...	1 beds \| 1 baths \| 924 sq.ft.	$150,000	Airbnb cash on cash: 5.9% Traditional cash on cash: 6.15% Airbnb Rental Income: $1799 Traditional Rental Income: $1347 Airbnb ROI: 5.9% Traditional ROI: 6.15%
804 Nottingham Drive Panama City, FL Attention investors:Come see this great 3 Bed 1 Bath in Springfeild. Home is rented for 1,...	3 beds \| 1 baths \| 1,140 sq.ft.	$198,000	Airbnb cash on cash: 9.33% Traditional cash on cash: 6.71% Airbnb Rental Income: $2840 Traditional Rental Income: $1686 Airbnb ROI: 9.33% Traditional ROI: 6.71%
1225 Clay Avenue Panama City, FL Home requires 24 hr notice to show no exceptions Brand New Roof Please do not disturb the ...	2 beds \| 1 baths \| 994 sq.ft.	$225,900	Airbnb cash on cash: 5.32% Traditional cash on cash: 4.26% Airbnb Rental Income: $2121 Traditional Rental Income: $1353 Airbnb ROI: 5.32% Traditional ROI: 4.26%
222 N Sherman Avenue Panama City, FL Don't miss this adorable 1 bedroom, 1 bathroom 1922 cottage that has been used as a short ...	1 beds \| 1 baths \| 546 sq.ft.	$150,000	Airbnb cash on cash: 6.96% Traditional cash on cash: 7.26% Airbnb Rental Income: $1799 Traditional Rental Income: $1353 Airbnb ROI: 6.96% Traditional ROI: 7.26%
2317 E 3rd Street Panama City, FL Turnkey Airbnb! Welcome to a piece of local history with charm, character, and a touch of ...	4 beds \| 3 baths \| 1,916 sq.ft.	$295,000	Airbnb cash on cash: 6.55% Traditional cash on cash: 6.3% Airbnb Rental Income: $3160 Traditional Rental Income: $2373 Airbnb ROI: 6.55% Traditional ROI: 6.3%
1705 Lake Avenue Panama City, FL Welcome to your dream home in the heart of St. Andrews! This stunning 3-bedroom, 2-bathroo...	3 beds \| 2 baths \| 1,238 sq.ft.	$259,000	Airbnb cash on cash: 6.76% Traditional cash on cash: 3.37% Airbnb Rental Income: $2840 Traditional Rental Income: $1350 Airbnb ROI: 6.76% Traditional ROI: 3.37%
601 Cypress Avenue Panama City, FL Unique, Rustic, Cowboy Fisherman Design. Watson Bayou waterfront home on over 1/2 acre wit...	3 beds \| 2 baths \| 1,500 sq.ft.	$419,000	Airbnb cash on cash: 3.54% Traditional cash on cash: 4.22% Airbnb Rental Income: $2840 Traditional Rental Income: $2445 Airbnb ROI: 3.54% Traditional ROI: 4.22%
1206 Fairland Avenue Panama City, FL Attention Investors :Come Check out this 3 Bed 2 bath home just off 15th street close to L...	3 beds \| 2 baths \| 1,190 sq.ft.	$235,000	Airbnb cash on cash: 7.79% Traditional cash on cash: 6.04% Airbnb Rental Income: $2840 Traditional Rental Income: $1790 Airbnb ROI: 7.79% Traditional ROI: 6.04%
1305 Fortune Avenue Panama City, FL Come see this 3 Bedroom 1 Bathroom home with a central location. 3 min to St Andrews, New ...	3 beds \| 1 baths \| 1,093 sq.ft.	$235,000	Airbnb cash on cash: 7.73% Traditional cash on cash: 5.61% Airbnb Rental Income: $2840 Traditional Rental Income: $1706 Airbnb ROI: 7.73% Traditional ROI: 5.61%
100 Cherry Street unit: 405 #405 Panama City, FL This beautifully updated 1-bedroom, 1-bath waterfront condo offers over 1,090 square feet ...	1 beds \| 1 baths \| 1,091 sq.ft.	$244,900	Airbnb cash on cash: -0.56% Traditional cash on cash: 1.03% Airbnb Rental Income: $1799 Traditional Rental Income: $1679 Airbnb ROI: -0.56% Traditional ROI: 1.03%
306 Penny Court Panama City, FL Beautiful newly completed Waterfront Townhome. The builder has supplied the unit with all ...	5 beds \| 5 baths \| 1,845 sq.ft.	$665,000	Airbnb cash on cash: 3.57% Traditional cash on cash: 3.14% Airbnb Rental Income: $4090 Traditional Rental Income: $2952 Airbnb ROI: 3.57% Traditional ROI: 3.14%
2100 W Beach Drive #H103 Panama City, FL If you have been searching for a waterfront home at an affordable price, look no further t...	1 beds \| 1 baths \| 750 sq.ft.	$198,000	Airbnb cash on cash: 3.96% Traditional cash on cash: 3.59% Airbnb Rental Income: $1799 Traditional Rental Income: $1240 Airbnb ROI: 3.96% Traditional ROI: 3.59%
100 Cherry Street unit: 705 #705 Panama City, FL Don't miss the view from this 7th floor Cove Condominium overlooking the Bay! It is stunni...	1 beds \| 1 baths \| 1,091 sq.ft.	$230,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 1.5% Airbnb Rental Income: $1799 Traditional Rental Income: $1679 Airbnb ROI: -0.19% Traditional ROI: 1.5%
1202 Tyndall Drive Panama City, FL Brick home located in THE COVE with a great view of Watson Bayou. Home is situated on .23 ...	3 beds \| 2 baths \| 1,503 sq.ft.	$329,900	Airbnb cash on cash: 4.79% Traditional cash on cash: 5.11% Airbnb Rental Income: $2840 Traditional Rental Income: $2278 Airbnb ROI: 4.79% Traditional ROI: 5.11%
2100 W Beach Drive #P202 Panama City, FL JUST REDUCED!!! MUST SEE!! REMODELED 3 bedroom condo in a highly desirable Waterfront comm...	3 beds \| 2 baths \| 1,350 sq.ft.	$260,000	Airbnb cash on cash: 6.36% Traditional cash on cash: 4.94% Airbnb Rental Income: $2840 Traditional Rental Income: $1831 Airbnb ROI: 6.36% Traditional ROI: 4.94%
819 Calhoun Avenue Panama City, FL Experience the charm of coastal living in this beautiful 5-bedroom, 3.5-bathroom home in H...	5 beds \| 4 baths \| 2,749 sq.ft.	$599,000	Airbnb cash on cash: 3.39% Traditional cash on cash: 3.68% Airbnb Rental Income: $4090 Traditional Rental Income: $3381 Airbnb ROI: 3.39% Traditional ROI: 3.68%
326 Massalina Drive Panama City, FL 100 FT Waterfront on Massalina Bayou - Rare Opportunity! Best Opportunity in the Cove! Dee...	5 beds \| 4 baths \| 3,441 sq.ft.	$649,000	Airbnb cash on cash: 3.95% Traditional cash on cash: 8.71% Airbnb Rental Income: $4090 Traditional Rental Income: $6101 Airbnb ROI: 3.95% Traditional ROI: 8.71%
3108 E 2nd Street Panama City, FL Welcome to the ''Victoria'' floor plan! This beautiful 3 bedroom/2 bathroom NEW CONSTRUCTI...	3 beds \| 2 baths \| 1,176 sq.ft.	$225,900	Airbnb cash on cash: 8.6% Traditional cash on cash: 7.6% Airbnb Rental Income: $2840 Traditional Rental Income: $1962 Airbnb ROI: 8.6% Traditional ROI: 7.6%
266 N East Avenue Panama City, FL Discover the perfect blend of versatility and income potential with this unique property f...	4 beds \| 2 baths \| 1,575 sq.ft.	$274,000	Airbnb cash on cash: 7.59% Traditional cash on cash: 6.86% Airbnb Rental Income: $3160 Traditional Rental Income: $2256 Airbnb ROI: 7.59% Traditional ROI: 6.86%
2026 Baker Court unit: 13 #13 Panama City, FL OPEN HOUSE - Wednesday, August 20th from 2-4p. Charming 3-Bed, 2-Bath Home in Historic St....	3 beds \| 2 baths \| 1,509 sq.ft.	$299,500	Airbnb cash on cash: 4.9% Traditional cash on cash: 4.05% Airbnb Rental Income: $2840 Traditional Rental Income: $1939 Airbnb ROI: 4.9% Traditional ROI: 4.05%
207 Linda Avenue Panama City, FL WOW!! New Price!! Here's your opportunity to enter the desirable Cove neighborhood! Check ...	2 beds \| 1 baths \| 808 sq.ft.	$199,900	Airbnb cash on cash: 5.68% Traditional cash on cash: 4.85% Airbnb Rental Income: $2121 Traditional Rental Income: $1421 Airbnb ROI: 5.68% Traditional ROI: 4.85%
1404 Chestnut Avenue Panama City, FL Absolutely charming 2-bedroom, 1.5-bath home on a spacious lot in the heart of St. Andrews...	2 beds \| 2 baths \| 1,350 sq.ft.	$355,900	Airbnb cash on cash: 2.94% Traditional cash on cash: 3.91% Airbnb Rental Income: $2121 Traditional Rental Income: $1904 Airbnb ROI: 2.94% Traditional ROI: 3.91%
2200 W 9th Street Panama City, FL Southern Charm in Old St Andrews, Corner lot, 2 story, 4 BR, 2 Bath. Wrap around front por...	4 beds \| 2 baths \| 2,281 sq.ft.	$499,000	Airbnb cash on cash: 3.9% Traditional cash on cash: 3.86% Airbnb Rental Income: $3160 Traditional Rental Income: $2427 Airbnb ROI: 3.9% Traditional ROI: 3.86%
2509 W 11th Street Panama City, FL Discover the essence of modern luxury living in this FULLY FURNISHED, newly-constructed, 2...	3 beds \| 3 baths \| 1,845 sq.ft.	$369,500	Airbnb cash on cash: 3.76% Traditional cash on cash: 4.34% Airbnb Rental Income: $2840 Traditional Rental Income: $2378 Airbnb ROI: 3.76% Traditional ROI: 4.34%
1000 MCKENZIE AVENUE Panama City, FL Turnkey Investor Dream! Massive 4-Bedroom, 2-Bathroom Group Home in Prime Panama City Loca...	4 beds \| 2 baths \| 2,860 sq.ft.	$248,999	Airbnb cash on cash: 7.47% Traditional cash on cash: 9.02% Airbnb Rental Income: $3160 Traditional Rental Income: $2809 Airbnb ROI: 7.47% Traditional ROI: 9.02%

Real Estate investment in Panama-city, FL

There are 475 properties for sale in the city of Panama City . The median list price in Panama City is $358,000 and the average price per square foot is $199. In October 2025, the average monthly cash on cash return in Panama City is 3.00%. The average monthly rental income in Panama City is $1,970.

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

There are 475 investment properties available for sale in Panama-city.

In 2025, 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 $2,840.

Your search for investment property begins and ends here

Investment Property for Sale in Panama City, FL

930 Grace Avenue

Panama City, FL

3 beds | 3 baths | 2,474 sq.ft.

$625,000

Airbnb cash on cash: 2.31%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $2840

Traditional Rental Income: $2752

Airbnb ROI: 2.31%

Traditional ROI: 3.29%

1301 Oakland Drive

Panama City, FL

4 beds | 2 baths | 1,674 sq.ft.

$215,000

Airbnb cash on cash: 9.3%

Traditional cash on cash: 6.99%

Airbnb Rental Income: $3160

Traditional Rental Income: $1975

Airbnb ROI: 9.3%

Traditional ROI: 6.99%

1607 W 13th Street

Panama City, FL

3 beds | 2 baths | 1,094 sq.ft.

$246,900

Airbnb cash on cash: 6.82%

Traditional cash on cash: 4.63%

Airbnb Rental Income: $2840

Traditional Rental Income: $1667

Airbnb ROI: 6.82%

Traditional ROI: 4.63%

1001 Oak Avenue

Panama City, FL

4 beds | 2 baths | 2,113 sq.ft.

$325,000

Airbnb cash on cash: 5.94%

Traditional cash on cash: 5.66%

Airbnb Rental Income: $3160

Traditional Rental Income: $2360

Airbnb ROI: 5.94%

Traditional ROI: 5.66%

2205 W 14th Street

Panama City, FL

3 beds | 3 baths | 2,082 sq.ft.

$394,900

Airbnb cash on cash: 4.28%

Traditional cash on cash: 6.92%

Airbnb Rental Income: $2840

Traditional Rental Income: $3157

Airbnb ROI: 4.28%

Traditional ROI: 6.92%

810 FORESTDALE AVENUE

Panama City, FL

1 beds | 1 baths | 1,123 sq.ft.

$245,000

Airbnb cash on cash: 3.7%

Traditional cash on cash: 3.91%

Airbnb Rental Income: $1799

Traditional Rental Income: $1359

Airbnb ROI: 3.7%

Traditional ROI: 3.91%

2014 E 8th Court

Panama City, FL

3 beds | 2 baths | 1,032 sq.ft.

$189,000

Airbnb cash on cash: 9.81%

Traditional cash on cash: 7.64%

Airbnb Rental Income: $2840

Traditional Rental Income: $1788

Airbnb ROI: 9.81%

Traditional ROI: 7.64%

905 E 2nd Plaza

Panama City, FL

4 beds | 2 baths | 1,707 sq.ft.

$395,000

Airbnb cash on cash: 4.23%

Traditional cash on cash: 3.8%

Airbnb Rental Income: $3160

Traditional Rental Income: $2285

Airbnb ROI: 4.23%