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 194 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
221 Sand Oak Boulevard Panama City Beach, FL Located in the Whisper Dunes neighborhood of Panama City Beach, this furnished 3-bedroom, ...	3 beds \| 2 baths \| 1,560 sq.ft.	$324,900	Airbnb cash on cash: 4.8% Traditional cash on cash: 6.32% Airbnb Rental Income: $3048 Traditional Rental Income: $2814 Airbnb ROI: 4.8% Traditional ROI: 6.32%
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%
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.	$273,000	Airbnb cash on cash: 5.56% Traditional cash on cash: 4.85% Airbnb Rental Income: $2883 Traditional Rental Income: $2031 Airbnb ROI: 5.56% Traditional ROI: 4.85%
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 \| 1,840 sq.ft.	$920,000	Airbnb cash on cash: 0.45% Traditional cash on cash: -0.09% Airbnb Rental Income: $3048 Traditional Rental Income: $1888 Airbnb ROI: 0.45% Traditional ROI: -0.09%
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 CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS INCOME-PRODUCING PROPERTY \| C...	4 beds \| 5 baths \| N/A	$769,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 5.05% Airbnb Rental Income: $3630 Traditional Rental Income: $4870 Airbnb ROI: 2.22% Traditional ROI: 5.05%
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 \| 2 baths \| 1,580 sq.ft.	$525,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 1.9% Airbnb Rental Income: $3048 Traditional Rental Income: $2299 Airbnb ROI: 2.01% Traditional ROI: 1.9%
100 Gulf Highlands Boulevard Panama City Beach, FL TOWNHOME is CLOSEST TO THE BEACH IN GULF HIGHLANDS. Just a short walk and you will be on t...	3 beds \| 4 baths \| 1,500 sq.ft.	$384,000	Airbnb cash on cash: 3.4% Traditional cash on cash: 5.02% Airbnb Rental Income: $2883 Traditional Rental Income: $2798 Airbnb ROI: 3.4% Traditional ROI: 5.02%
5908 Beach Drive Panama City Beach, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Motivated Seller \| Strong Ren...	4 beds \| 5 baths \| N/A	$769,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 5.05% Airbnb Rental Income: $3630 Traditional Rental Income: $4870 Airbnb ROI: 2.22% Traditional ROI: 5.05%
124 Bonnie Lane Panama City Beach, FL Step into beachside bliss with this newly renovated townhome in the sought-after Gulf High...	2 beds \| 3 baths \| 1,020 sq.ft.	$319,900	Airbnb cash on cash: 1.74% Traditional cash on cash: 2.88% Airbnb Rental Income: $2203 Traditional Rental Income: $1989 Airbnb ROI: 1.74% Traditional ROI: 2.88%
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 \| N/A	$350,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 1.76% Airbnb Rental Income: $2203 Traditional Rental Income: $1734 Airbnb ROI: 1.5% Traditional ROI: 1.76%
1004 Wildwood Road Panama City Beach, FL Seller offering $5,000 towards buyer's closing costs! Don't miss this opportunity to own t...	2 beds \| 3 baths \| 1,260 sq.ft.	$249,900	Airbnb cash on cash: 4.12% Traditional cash on cash: 5.77% Airbnb Rental Income: $2203 Traditional Rental Income: $2036 Airbnb ROI: 4.12% Traditional ROI: 5.77%
22932 Ann Miller Rd Panama City Beach, FL NEW CONSTRUCTION! The ''Magnolia Residence'' is situated in a beautiful, new waterfront co...	3 beds \| 2 baths \| 1,580 sq.ft.	$485,750	Airbnb cash on cash: 1.84% Traditional cash on cash: 0.68% Airbnb Rental Income: $3048 Traditional Rental Income: $1824 Airbnb ROI: 1.84% Traditional ROI: 0.68%
18807 Deluna Court Panama City Beach, FL Gulf-View Coastal Retreat - Fully Furnished & Rental Ready!Welcome to 18807 DeLuna Ct., a ...	2 beds \| 2 baths \| 1,110 sq.ft.	$479,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 1.18% Airbnb Rental Income: $2304 Traditional Rental Income: $1443 Airbnb ROI: 1.82% Traditional ROI: 1.18%
144 Robin Lane Panama City Beach, FL One of the most coveted residences in Gulf Highlands Beach Resort-this lakefront townhouse...	2 beds \| 2 baths \| N/A	$330,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 3.56% Airbnb Rental Income: $2203 Traditional Rental Income: $2010 Airbnb ROI: 2.39% Traditional ROI: 3.56%
142 Southfields Rd Panama City Beach, FL Look no further, this one has it all! This spacious townhouse is located in the small comm...	4 beds \| 4 baths \| 2,088 sq.ft.	$730,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 2.58% Airbnb Rental Income: $3834 Traditional Rental Income: $3108 Airbnb ROI: 2.43% Traditional ROI: 2.58%
1702 Annabellas Drive Panama City Beach, FL This 3 bedroom 2 1/2 bath home is priced to sell! Upon entry of the spacious foyer you wil...	3 beds \| 3 baths \| N/A	$269,900	Airbnb cash on cash: 4.39% Traditional cash on cash: 3.11% Airbnb Rental Income: $2883 Traditional Rental Income: $1888 Airbnb ROI: 4.39% Traditional ROI: 3.11%
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 \| N/A	$319,000	Airbnb cash on cash: 3.42% Traditional cash on cash: 3.38% Airbnb Rental Income: $2883 Traditional Rental Income: $2203 Airbnb ROI: 3.42% Traditional ROI: 3.38%
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 \| N/A	$270,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 1.69% Airbnb Rental Income: $2203 Traditional Rental Income: $1474 Airbnb ROI: 2.37% Traditional ROI: 1.69%
308 Sand Oak Blvd Panama City Beach, FL This conner unit is an amazing turn-key opportunity to own a home on the west end of Panam...	3 beds \| 2 baths \| 1,496 sq.ft.	$330,000	Airbnb cash on cash: 5% Traditional cash on cash: 3.22% Airbnb Rental Income: $3048 Traditional Rental Income: $1799 Airbnb ROI: 5% Traditional ROI: 3.22%
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.	$510,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 1.14% Airbnb Rental Income: $2304 Traditional Rental Income: $1243 Airbnb ROI: 2.17% Traditional ROI: 1.14%
1002 Wildwood Road Panama City Beach, FL Don't miss the opportunity to own this beautifully updated 2-bedroom, 2.5-bathroom townhou...	2 beds \| 3 baths \| 1,260 sq.ft.	$265,000	Airbnb cash on cash: 3.47% Traditional cash on cash: 5.19% Airbnb Rental Income: $2203 Traditional Rental Income: $2077 Airbnb ROI: 3.47% Traditional ROI: 5.19%
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 \| N/A	$275,000	Airbnb cash on cash: 4.99% Traditional cash on cash: 5.99% Airbnb Rental Income: $2883 Traditional Rental Income: $2474 Airbnb ROI: 4.99% Traditional ROI: 5.99%
6215 Thomas Drive unit: 101 #101 Panama City Beach, FL End-Unit Coastal Retreat Just Steps from the Gulf! Welcome to Unit 101 at Summerplace Town...	2 beds \| 2 baths \| 1,292 sq.ft.	$365,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 1.49% Airbnb Rental Income: $2203 Traditional Rental Income: $1607 Airbnb ROI: 1.61% Traditional ROI: 1.49%
1877 Pointe Drive Panama City Beach, FL This end-unit townhome offers plenty of space and privacy, with a garage that has been con...	3 beds \| 3 baths \| N/A	$300,000	Airbnb cash on cash: 3.77% Traditional cash on cash: 3.54% Airbnb Rental Income: $2883 Traditional Rental Income: $2147 Airbnb ROI: 3.77% Traditional ROI: 3.54%
5814 Pinetree Avenue Panama City Beach, FL Welcome to Pinetree Parlor, a fabulous 1 Bedroom half duplex that is move in or rental rea...	1 beds \| 1 baths \| N/A	$265,000	Airbnb cash on cash: -2.11% Traditional cash on cash: 2.44% Airbnb Rental Income: $239 Traditional Rental Income: $1147 Airbnb ROI: -2.11% Traditional ROI: 2.44%
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 \| N/A	$249,900	Airbnb cash on cash: 5.55% Traditional cash on cash: 6.21% Airbnb Rental Income: $2883 Traditional Rental Income: $2369 Airbnb ROI: 5.55% Traditional ROI: 6.21%
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.	$949,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 2.48% Airbnb Rental Income: $3834 Traditional Rental Income: $3829 Airbnb ROI: 1.55% Traditional ROI: 2.48%
101 Harmony Falls Lane Panama City Beach, FL Corner-unit perfection with pond views and room to breathe. This immaculate end-unit townh...	3 beds \| 3 baths \| N/A	$319,000	Airbnb cash on cash: 4.38% Traditional cash on cash: 4.9% Airbnb Rental Income: $2883 Traditional Rental Income: $2369 Airbnb ROI: 4.38% Traditional ROI: 4.9%
236 Robin Lane Panama City Beach, FL This prime investment property stands as a testament to both luxury and convenience. The p...	2 beds \| 2 baths \| 1,092 sq.ft.	$315,900	Airbnb cash on cash: 1.78% Traditional cash on cash: 1.13% Airbnb Rental Income: $2203 Traditional Rental Income: $1454 Airbnb ROI: 1.78% Traditional ROI: 1.13%
153 Gulf Highlands Boulevard Panama City Beach, FL Your Coastal Oasis Awaits at 153 Gulf Highlands Blvd! STOP SCROLLING - You've just found t...	2 beds \| 3 baths \| N/A	$339,000	Airbnb cash on cash: 1.54% Traditional cash on cash: 0.99% Airbnb Rental Income: $2203 Traditional Rental Income: $1473 Airbnb ROI: 1.54% Traditional ROI: 0.99%
151 Gulf Highlands Boulevard Panama City Beach, FL Welcome to Gulf Highlands - A Beautiful Coastal Community with Exceptional Amenities Locat...	2 beds \| 2 baths \| N/A	$227,500	Airbnb cash on cash: 3.48% Traditional cash on cash: 4.04% Airbnb Rental Income: $2203 Traditional Rental Income: $1766 Airbnb ROI: 3.48% Traditional ROI: 4.04%
8 Chateau Road Panama City Beach, FL Only 100ft from the door to the worlds most beautiful beaches at beach access 76B! Looking...	2 beds \| 2 baths \| 1,178 sq.ft.	$499,900	Airbnb cash on cash: 1.74% Traditional cash on cash: 2.63% Airbnb Rental Income: $2304 Traditional Rental Income: $2147 Airbnb ROI: 1.74% Traditional ROI: 2.63%
6223 S Lagoon Drive Panama City Beach, FL 2 bed 2 full bath roomy townhome with beautiful lagoon views will greet you here at this h...	2 beds \| 2 baths \| N/A	$319,900	Airbnb cash on cash: 3.82% Traditional cash on cash: 4.53% Airbnb Rental Income: $2203 Traditional Rental Income: $1861 Airbnb ROI: 3.82% Traditional ROI: 4.53%
106 Park Place Panama City Beach, FL Charming One-Level Townhouse in Prime Location! NEW ROOF IN 2023....LOW HOA'SWelcome h...	2 beds \| 2 baths \| 1,169 sq.ft.	$335,000	Airbnb cash on cash: 2.61% Traditional cash on cash: 2.38% Airbnb Rental Income: $2304 Traditional Rental Income: $1657 Airbnb ROI: 2.61% Traditional ROI: 2.38%
8561 Margaritaville Boulevard Panama City Beach, FL Step into your own slice of paradise with this furnished, gated Antigua waterfront model i...	2 beds \| 2 baths \| N/A	$493,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 1.91% Airbnb Rental Income: $2304 Traditional Rental Income: $2042 Airbnb ROI: 1.24% Traditional ROI: 1.91%
21510 Front Beach Road Panama City Beach, FL PERFECT Investment or primary residence property directly across from the GULF on the popu...	2 beds \| 2 baths \| 1,152 sq.ft.	$510,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 1.61% Airbnb Rental Income: $2304 Traditional Rental Income: $1752 Airbnb ROI: 1.57% Traditional ROI: 1.61%
111 Damon Circle Panama City Beach, FL TURN-KEY READY! This adorably updated 2 bedroom, 1.5 bath townhome is located in the very ...	2 beds \| 2 baths \| 972 sq.ft.	$315,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 2.87% Airbnb Rental Income: $2203 Traditional Rental Income: $1965 Airbnb ROI: 1.8% Traditional ROI: 2.87%
2803 Lagoon Knoll unit: A #A Panama City Beach, FL Short Term Rentals Allowed, No HOA and Completely Remodeled. This bright and airy 2 bedroo...	2 beds \| 2 baths \| N/A	$308,000	Airbnb cash on cash: 3.58% Traditional cash on cash: 3.91% Airbnb Rental Income: $2203 Traditional Rental Income: $1740 Airbnb ROI: 3.58% Traditional ROI: 3.91%
143 W Leslie Lane Panama City Beach, FL This is the beach retreat that you have been looking for! Located in the gated community o...	2 beds \| 2 baths \| N/A	$345,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 4.01% Airbnb Rental Income: $2203 Traditional Rental Income: $2003 Airbnb ROI: 2.91% Traditional ROI: 4.01%

Your search for investment property begins and ends here

Townhouses for Sale in Panama City Beach, FL

221 Sand Oak Boulevard

Panama City Beach, FL

3 beds | 2 baths | 1,560 sq.ft.

$324,900

Airbnb cash on cash: 4.8%

Traditional cash on cash: 6.32%

Airbnb Rental Income: $3048

Traditional Rental Income: $2814

Airbnb ROI: 4.8%

Traditional ROI: 6.32%

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%

1808 Annabellas Drive

Panama City Beach, FL

3 beds | 2 baths | 1,509 sq.ft.

$273,000

Airbnb cash on cash: 5.56%

Traditional cash on cash: 4.85%

Airbnb Rental Income: $2883

Traditional Rental Income: $2031

Airbnb ROI: 5.56%

Traditional ROI: 4.85%

413 La Valencia Cir

Panama City Beach, FL

3 beds | 3 baths | 1,840 sq.ft.

$920,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: -0.09%

Airbnb Rental Income: $3048

Traditional Rental Income: $1888

Airbnb ROI: 0.45%

Traditional ROI: -0.09%

5833 N Lagoon Drive unit: A #A

Panama City Beach, FL

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

4 beds | 5 baths | N/A

$769,000

Airbnb cash on cash: 2.22%

Traditional cash on cash: 5.05%

Airbnb Rental Income: $3630

Traditional Rental Income: $4870

Airbnb ROI: 2.22%

Traditional ROI: 5.05%

22930 Ann Miller Road

Panama City Beach, FL

3 beds | 2 baths | 1,580 sq.ft.

$525,000

Airbnb cash on cash: 2.01%

Traditional cash on cash: 1.9%

Airbnb Rental Income: $3048

Traditional Rental Income: $2299

Airbnb ROI: 2.01%

Traditional ROI: 1.9%

100 Gulf Highlands Boulevard

Panama City Beach, FL

3 beds | 4 baths | 1,500 sq.ft.

$384,000

Airbnb cash on cash: 3.4%

Traditional cash on cash: 5.02%

Airbnb Rental Income: $2883

Traditional Rental Income: $2798

Airbnb ROI: 3.4%