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 121 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
229 Sand Oak Boulevard Panama City Beach, FL Tucked into Whisper Dunes, this 1,577-square-foot townhome delivers an updated 3-bedroom, ...	3 beds \| 3 baths \| 1,577 sq.ft.	$300,000	Airbnb cash on cash: 4.56% Traditional cash on cash: 2.67% Airbnb Rental Income: $2931 Traditional Rental Income: $1721 Airbnb ROI: 4.56% Traditional ROI: 2.67%
413 La Valencia Cir Panama City Beach, FL This unique floor plan is located in desirable gated La Valencia and is literally STEPS to...	3 beds \| 3 baths \| 1,850 sq.ft.	$789,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 0.72% Airbnb Rental Income: $2931 Traditional Rental Income: $2264 Airbnb ROI: 0.7% Traditional ROI: 0.72%
5833 N Lagoon Drive #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.	$699,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 3.15% Airbnb Rental Income: $2931 Traditional Rental Income: $3433 Airbnb ROI: 1.34% Traditional ROI: 3.15%
21518 Front Beach Road Panama City Beach, FL Coastal living meets investment potential at this spacious 4-bedroom, 4-bath beach home al...	4 beds \| 4 baths \| 2,040 sq.ft.	$1,074,000	Airbnb cash on cash: 1.06% Traditional cash on cash: 1.39% Airbnb Rental Income: $3901 Traditional Rental Income: $3394 Airbnb ROI: 1.06% Traditional ROI: 1.39%
101 Sand Oak Blvd Panama City Beach, FL This immaculate townhome in Whisper Dunes was once the Model Home for the community so it ...	3 beds \| 2 baths \| 1,898 sq.ft.	$399,900	Airbnb cash on cash: 3.06% Traditional cash on cash: 2.34% Airbnb Rental Income: $2931 Traditional Rental Income: $1983 Airbnb ROI: 3.06% Traditional ROI: 2.34%
216 Robin Lane Panama City Beach, FL POOL RIGHT NEXT DOOR, THE BEACH JUST A SHORT WALK AWAY, AND A GOLF CART INCLUDED... ALL UN...	2 beds \| 2 baths \| 972 sq.ft.	$265,000	Airbnb cash on cash: 4.1% Traditional cash on cash: 2.91% Airbnb Rental Income: $2391 Traditional Rental Income: $1505 Airbnb ROI: 4.1% Traditional ROI: 2.91%
152 Seagrass Way Panama City Beach, FL Back on market with no seller's fault. Beautifully Furnished Palm Cove Home - Only 1.5 Mil...	3 beds \| 3 baths \| 1,432 sq.ft.	$294,900	Airbnb cash on cash: 5.57% Traditional cash on cash: 4.64% Airbnb Rental Income: $2931 Traditional Rental Income: $1997 Airbnb ROI: 5.57% Traditional ROI: 4.64%
144 Robin Lane Panama City Beach, FL Over 33k in rentals this 2026 year to date. Your beach getaway with the potential to help ...	2 beds \| 2 baths \| 1,049 sq.ft.	$320,000	Airbnb cash on cash: 2.99% Traditional cash on cash: 3.12% Airbnb Rental Income: $2391 Traditional Rental Income: $1840 Airbnb ROI: 2.99% Traditional ROI: 3.12%
160 Linda Marie Lane Panama City Beach, FL Welcome to 160 Linda Marie Lane, located in the gated community of Gulf Highlands Beach Re...	2 beds \| 3 baths \| 1,116 sq.ft.	$299,000	Airbnb cash on cash: 3% Traditional cash on cash: 2.08% Airbnb Rental Income: $2391 Traditional Rental Income: $1543 Airbnb ROI: 3% Traditional ROI: 2.08%
17878 Front Beach Rd #B1 Panama City Beach, FL >>UNDER CONTRACT--ACCEPTING BACKUPS<<<Whether your looking for a gorgeous second-home to b...	3 beds \| 3 baths \| 1,908 sq.ft.	$620,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 1.83% Airbnb Rental Income: $2931 Traditional Rental Income: $2714 Airbnb ROI: 1.03% Traditional ROI: 1.83%
2226 Joan Avenue #4 Panama City Beach, FL MOTIVATED SELLER! BRING YOUR OFFERS! Don't miss this beautifully furnished 3-bedroom, 2.5-...	3 beds \| 3 baths \| 1,420 sq.ft.	$308,000	Airbnb cash on cash: 4.69% Traditional cash on cash: 3.65% Airbnb Rental Income: $2931 Traditional Rental Income: $1952 Airbnb ROI: 4.69% Traditional ROI: 3.65%
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.	$285,000	Airbnb cash on cash: 4.08% Traditional cash on cash: 3.15% Airbnb Rental Income: $2931 Traditional Rental Income: $2002 Airbnb ROI: 4.08% Traditional ROI: 3.15%
6215 Thomas Drive #123 Panama City Beach, FL Walk to the beach from this renovated 2-bedroom, 2-bathroom townhome in Summerplace, a low...	2 beds \| 2 baths \| 1,292 sq.ft.	$359,900	Airbnb cash on cash: 2.47% Traditional cash on cash: 2.28% Airbnb Rental Income: $2391 Traditional Rental Income: $1742 Airbnb ROI: 2.47% Traditional ROI: 2.28%
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.	$400,000	Airbnb cash on cash: 2.05% Traditional cash on cash: 2.06% Airbnb Rental Income: $2391 Traditional Rental Income: $1809 Airbnb ROI: 2.05% Traditional ROI: 2.06%
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.	$255,000	Airbnb cash on cash: 3.22% Traditional cash on cash: 3.39% Airbnb Rental Income: $2391 Traditional Rental Income: $1845 Airbnb ROI: 3.22% Traditional ROI: 3.39%
21514 Front Beach Rd Panama City Beach, FL We love this home! This charming Riviera Beach Townhome is not only across the street from...	2 beds \| 1 baths \| 1,152 sq.ft.	$499,999	Airbnb cash on cash: 2.38% Traditional cash on cash: 2.35% Airbnb Rental Income: $2391 Traditional Rental Income: $1789 Airbnb ROI: 2.38% Traditional ROI: 2.35%
17323 Front Beach Road Panama City Beach, FL Welcome to your rare opportunity to own a beachfront townhome in a highly desirable area o...	3 beds \| 3 baths \| 1,372 sq.ft.	$769,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 0.05% Airbnb Rental Income: $2931 Traditional Rental Income: $1623 Airbnb ROI: 0.93% Traditional ROI: 0.05%
5814 Pinetree Avenue Panama City Beach, FL Welcome to 5814 Pinetree Ave -- a charming beach getaway in the quiet East End of Panama C...	1 beds \| 1 baths \| 592 sq.ft.	$245,000	Airbnb cash on cash: 3.74% Traditional cash on cash: 2.77% Airbnb Rental Income: $1889 Traditional Rental Income: $1161 Airbnb ROI: 3.74% Traditional ROI: 2.77%
108 Enchantment Falls Lane Panama City Beach, FL Welcome to Waterfall, where beautiful updates, spacious living, and the Panama City Beach ...	3 beds \| 3 baths \| 2,093 sq.ft.	$349,900	Airbnb cash on cash: 4.64% Traditional cash on cash: 5.57% Airbnb Rental Income: $2931 Traditional Rental Income: $2560 Airbnb ROI: 4.64% Traditional ROI: 5.57%
109 Granger Ln Panama City Beach, FL ATTENTION INVESTORS ''MULTI UNIT'' INCOME PRODUCING, LAKEFRONT and BEACH VACATION PROPERT...	4 beds \| 4 baths \| 2,738 sq.ft.	$815,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 2.92% Airbnb Rental Income: $3901 Traditional Rental Income: $3728 Airbnb ROI: 2.04% Traditional ROI: 2.92%
1860 Annabellas Drive Panama City Beach, FL PRICE REDUCED! Welcome to a beautifully maintained two story townhome nestled inside a sec...	3 beds \| 3 baths \| 1,532 sq.ft.	$269,000	Airbnb cash on cash: 4.63% Traditional cash on cash: 5.79% Airbnb Rental Income: $2931 Traditional Rental Income: $2547 Airbnb ROI: 4.63% Traditional ROI: 5.79%
7678 Shadow Lake Drive Panama City Beach, FL If you're searching for a beautiful, well-maintained beach home that offers both coastal l...	3 beds \| 3 baths \| 1,496 sq.ft.	$309,900	Airbnb cash on cash: 4.56% Traditional cash on cash: 5.48% Airbnb Rental Income: $2931 Traditional Rental Income: $2522 Airbnb ROI: 4.56% Traditional ROI: 5.48%
7454 Shadow Lake Drive Panama City Beach, FL Great Location on this well maintained unit, and sold fully furnished with Short Term Rent...	3 beds \| 3 baths \| 1,496 sq.ft.	$262,900	Airbnb cash on cash: 5.43% Traditional cash on cash: 5.02% Airbnb Rental Income: $2931 Traditional Rental Income: $2152 Airbnb ROI: 5.43% Traditional ROI: 5.02%
17462 Front Beach Rd #6B3 Panama City Beach, FL CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS - ***LOOK NO FURTHER! RARE opport...	3 beds \| 2 baths \| 1,232 sq.ft.	$350,000	Airbnb cash on cash: 3.96% Traditional cash on cash: 1.34% Airbnb Rental Income: $2931 Traditional Rental Income: $1392 Airbnb ROI: 3.96% Traditional ROI: 1.34%
4 Villa Ct Panama City Beach, FL	2 beds \| 1 baths \| 1,083 sq.ft.	$492,500	Airbnb cash on cash: 1.86% Traditional cash on cash: 2.46% Airbnb Rental Income: $2391 Traditional Rental Income: $2080 Airbnb ROI: 1.86% Traditional ROI: 2.46%
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: 4.33% Traditional cash on cash: 4.3% Airbnb Rental Income: $2931 Traditional Rental Income: $2246 Airbnb ROI: 4.33% Traditional ROI: 4.3%
4300 Bay Point Road #408 Panama City Beach, FL Bay Point, a gated community where the gulf coast waterfront lifestyle comes home. In Bay ...	2 beds \| 3 baths \| 1,747 sq.ft.	$230,000	Airbnb cash on cash: 5.93% Traditional cash on cash: 6.57% Airbnb Rental Income: $2391 Traditional Rental Income: $1944 Airbnb ROI: 5.93% Traditional ROI: 6.57%
143 W Leslie Lane Panama City Beach, FL Fully furnished and completely move-in ready, this home features quartz countertops, updat...	2 beds \| 2 baths \| 972 sq.ft.	$310,000	Airbnb cash on cash: 3.5% Traditional cash on cash: 3.17% Airbnb Rental Income: $2391 Traditional Rental Income: $1707 Airbnb ROI: 3.5% Traditional ROI: 3.17%
144 Gulf Highlands Boulevard Panama City Beach, FL Gulf Highlands has a private gulf front beach club with pool and private beach access to t...	2 beds \| 2 baths \| 972 sq.ft.	$265,500	Airbnb cash on cash: 3.38% Traditional cash on cash: 3.49% Airbnb Rental Income: $2391 Traditional Rental Income: $1830 Airbnb ROI: 3.38% Traditional ROI: 3.49%
201 Robin Lane Panama City Beach, FL Gross rentals of $26,738 year to date with future bookings, this unit has the ability to a...	2 beds \| 3 baths \| 1,188 sq.ft.	$317,000	Airbnb cash on cash: 3.1% Traditional cash on cash: 4.18% Airbnb Rental Income: $2391 Traditional Rental Income: $2125 Airbnb ROI: 3.1% Traditional ROI: 4.18%
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 \| 1,638 sq.ft.	$299,900	Airbnb cash on cash: 4.56% Traditional cash on cash: 5.45% Airbnb Rental Income: $2931 Traditional Rental Income: $2505 Airbnb ROI: 4.56% Traditional ROI: 5.45%
22522 Front Beach Rd #O Panama City Beach, FL TOTALLY RENOVATED & STUNNING 2BR/2.5BA Townhome in the desirable West End of Panama City B...	2 beds \| 2 baths \| 1,140 sq.ft.	$429,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 1.78% Airbnb Rental Income: $2391 Traditional Rental Income: $1805 Airbnb ROI: 1.78% Traditional ROI: 1.78%
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.	$334,000	Airbnb cash on cash: 3.04% Traditional cash on cash: 3.02% Airbnb Rental Income: $2391 Traditional Rental Income: $1796 Airbnb ROI: 3.04% Traditional ROI: 3.02%
1503 Match Point Lane #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: -3.67% Traditional cash on cash: -3.05% Airbnb Rental Income: $2931 Traditional Rental Income: $2659 Airbnb ROI: -3.67% 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: 4.26% Traditional cash on cash: 3.34% Airbnb Rental Income: $2931 Traditional Rental Income: $1968 Airbnb ROI: 4.26% Traditional ROI: 3.34%
8015 Beach Drive Panama City Beach, FL *NO HOA, VERY CLOSE (1-BLOCK AWAY) TO THE GULF OF AMERICA* Welcome home to SILVER SAND...	2 beds \| 2 baths \| 1,248 sq.ft.	$339,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 3.1% Airbnb Rental Income: $2391 Traditional Rental Income: $1621 Airbnb ROI: 3.67% Traditional ROI: 3.1%
512 Dement Circle #C Panama City Beach, FL Welcome to your GORGEOUS coastal beach retreat! This elegant townhome known as The Hampton...	5 beds \| 5 baths \| 2,394 sq.ft.	$749,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 2.58% Airbnb Rental Income: $4206 Traditional Rental Income: $3270 Airbnb ROI: 2.64% Traditional ROI: 2.58%
512 Dement Circle #Apt C Panama City Beach, FL ALREADY $115K ON THE BOOKS FOR 2026 -- AND BOOKING NICELY FOR 2027! Welcome to your GO...	5 beds \| 5 baths \| 2,394 sq.ft.	$749,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 5.21% Airbnb Rental Income: $4206 Traditional Rental Income: $5106 Airbnb ROI: 2.64% Traditional ROI: 5.21%
17642 Front Beach Road #C1 Panama City Beach, FL 45k+ IN RENTAL! GREAT BEACH INVESTMENT! BRING ALL OFFERS! Turnkey, fully furnished end-uni...	2 beds \| 2 baths \| 1,260 sq.ft.	$425,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 1.95% Airbnb Rental Income: $2391 Traditional Rental Income: $1690 Airbnb ROI: 2.24% Traditional ROI: 1.95%
8400 Dockside Place Panama City Beach, FL Discover exceptional resort-style living in a beautifully upgraded Barbuda Bay in Latitude...	2 beds \| 2 baths \| 1,793 sq.ft.	$505,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 2.83% Airbnb Rental Income: $2391 Traditional Rental Income: $2735 Airbnb ROI: 0.85% Traditional ROI: 2.83%

Your search for investment property begins and ends here

Townhouses for Sale in Panama City Beach, FL

229 Sand Oak Boulevard

Panama City Beach, FL

3 beds | 3 baths | 1,577 sq.ft.

$300,000

Airbnb cash on cash: 4.56%

Traditional cash on cash: 2.67%

Airbnb Rental Income: $2931

Traditional Rental Income: $1721

Airbnb ROI: 4.56%

Traditional ROI: 2.67%

413 La Valencia Cir

Panama City Beach, FL

3 beds | 3 baths | 1,850 sq.ft.

$789,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 0.72%

Airbnb Rental Income: $2931

Traditional Rental Income: $2264

Airbnb ROI: 0.7%

Traditional ROI: 0.72%

5833 N Lagoon Drive #A

Panama City Beach, FL

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

$699,000

Airbnb cash on cash: 1.34%

Traditional cash on cash: 3.15%

Airbnb Rental Income: $2931

Traditional Rental Income: $3433

Airbnb ROI: 1.34%

Traditional ROI: 3.15%

21518 Front Beach Road

Panama City Beach, FL

4 beds | 4 baths | 2,040 sq.ft.

$1,074,000

Airbnb cash on cash: 1.06%

Traditional cash on cash: 1.39%

Airbnb Rental Income: $3901

Traditional Rental Income: $3394

Airbnb ROI: 1.06%

Traditional ROI: 1.39%

101 Sand Oak Blvd

Panama City Beach, FL

3 beds | 2 baths | 1,898 sq.ft.

$399,900

Airbnb cash on cash: 3.06%

Traditional cash on cash: 2.34%

Airbnb Rental Income: $2931

Traditional Rental Income: $1983

Airbnb ROI: 3.06%

Traditional ROI: 2.34%

216 Robin Lane

Panama City Beach, FL

2 beds | 2 baths | 972 sq.ft.

$265,000

Airbnb cash on cash: 4.1%

Traditional cash on cash: 2.91%

Airbnb Rental Income: $2391

Traditional Rental Income: $1505

Airbnb ROI: 4.1%

Traditional ROI: 2.91%

152 Seagrass Way

Panama City Beach, FL

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

$294,900

Airbnb cash on cash: 5.57%

Traditional cash on cash: 4.64%

Airbnb Rental Income: $2931

Traditional Rental Income: $1997

Airbnb ROI: 5.57%

Traditional ROI: 4.64%

144 Robin Lane

Panama City Beach, FL

2 beds | 2 baths | 1,049 sq.ft.

$320,000

Airbnb cash on cash: 2.99%

Traditional cash on cash: 3.12%

Airbnb Rental Income: $2391

Traditional Rental Income: $1840

Airbnb ROI: 2.99%