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
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%
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.	$299,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 4.44% Airbnb Rental Income: $1245 Traditional Rental Income: $1855 Airbnb ROI: 0.86% Traditional ROI: 4.44%
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%
1300 Savannah Drive Panama City, FL Coastal Craftsman Style, Savannah Drive, looking for a well-kept home in a great, establis...	4 beds \| 3 baths \| 2,885 sq.ft.	$650,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 3.24% Airbnb Rental Income: $1260 Traditional Rental Income: $3113 Airbnb ROI: -0.47% Traditional ROI: 3.24%
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.	$304,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 6.13% Airbnb Rental Income: $1245 Traditional Rental Income: $2326 Airbnb ROI: 0.96% Traditional ROI: 6.13%
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%
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%
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%
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%
5214 Trelawney Avenue Panama City, FL Lovely 4 bedroom home with 2 full baths and a 2 car garage, within just a block to the lag...	4 beds \| 2 baths \| 1,971 sq.ft.	$495,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 3.59% Airbnb Rental Income: $1260 Traditional Rental Income: $2667 Airbnb ROI: -0.31% Traditional ROI: 3.59%
1720 Sherman Avenue Panama City, FL Price reduced!! Must Sell! Charming single story split bedroom Florida cottage located in ...	3 beds \| 2 baths \| 1,558 sq.ft.	$257,800	Airbnb cash on cash: 1.38% Traditional cash on cash: 8.07% Airbnb Rental Income: $1245 Traditional Rental Income: $2476 Airbnb ROI: 1.38% Traditional ROI: 8.07%
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%
9860 S Thomas Drive unit: 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%
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 SHOWINGS BY APPT AVAILABLE THIS WEEKEND; Showing Schedule Goes Wide Open 5/12 with renovat...	3 beds \| 2 baths \| 1,998 sq.ft.	$460,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 3% Airbnb Rental Income: $1245 Traditional Rental Income: $2266 Airbnb ROI: -0.29% Traditional ROI: 3%
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%
707 Plantation Circle Panama City, FL SELLER OFFERING A $5,000 CREDIT FOR BUYER TO USE AS THEY CHOOSE! Beautifully Maintaine...	3 beds \| 2 baths \| 2,160 sq.ft.	$379,900	Airbnb cash on cash: 0.39% Traditional cash on cash: 6.85% Airbnb Rental Income: $1245 Traditional Rental Income: $3154 Airbnb ROI: 0.39% Traditional ROI: 6.85%
3209 Astor Avenue Panama City, FL ASSUMABLE VA MORTGAGE 3.25% Move-in ready 3-bedroom, 2.5-bath ''Captiva'' floor plan l...	3 beds \| 3 baths \| 2,389 sq.ft.	$575,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 3.75% Airbnb Rental Income: $1245 Traditional Rental Income: $3227 Airbnb ROI: -0.68% Traditional ROI: 3.75%
3334 Ten Acre Road Panama City, FL Built in 2018, this beautifully maintained 4 bedroom, 2 bathroom home offers just under 18...	4 beds \| 2 baths \| 1,748 sq.ft.	$323,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 5.65% Airbnb Rental Income: $1260 Traditional Rental Income: $2537 Airbnb ROI: 0.14% Traditional ROI: 5.65%
1041 Plantation Drive Panama City, FL New to the market! No HOA! This beautifully designed 2,686 sq ft home offers an open-conce...	3 beds \| 3 baths \| 2,686 sq.ft.	$535,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 4.57% Airbnb Rental Income: $1245 Traditional Rental Income: $3363 Airbnb ROI: -0.46% Traditional ROI: 4.57%
405 Wahoo Road Panama City, FL 'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Stunning Waterfront home in...	4 beds \| 3 baths \| 3,189 sq.ft.	$889,000	Airbnb cash on cash: -1.07% Traditional cash on cash: 3.5% Airbnb Rental Income: $1260 Traditional Rental Income: $4646 Airbnb ROI: -1.07% Traditional ROI: 3.5%
726 Miles Drive Panama City, FL Welcome home to this spacious 4-bedroom, 2.5-bathroom gem sitting pretty on a generous 0.3...	4 beds \| 3 baths \| 1,947 sq.ft.	$232,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 8.32% Airbnb Rental Income: $1260 Traditional Rental Income: $2525 Airbnb ROI: 0.74% Traditional ROI: 8.32%
2902 Short Tail Court Panama City, FL Come check out this beautiful updated single story 4-bedroom 3 bath home in the stunning c...	4 beds \| 3 baths \| 2,204 sq.ft.	$439,900	Airbnb cash on cash: -0.27% Traditional cash on cash: 4.32% Airbnb Rental Income: $1260 Traditional Rental Income: $2754 Airbnb ROI: -0.27% Traditional ROI: 4.32%
1236 Amherst Road Panama City, FL Well maintained brick home in a convenient, central Panama City location - close to school...	3 beds \| 2 baths \| 1,577 sq.ft.	$249,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 7.38% Airbnb Rental Income: $1245 Traditional Rental Income: $2257 Airbnb ROI: 1.39% Traditional ROI: 7.38%
6114 Lake Drive Panama City, FL Absolutely beautiful move in ready home located on a large lot in a quiet neighborhood. No...	3 beds \| 2 baths \| 1,848 sq.ft.	$345,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 4.34% Airbnb Rental Income: $1245 Traditional Rental Income: $2067 Airbnb ROI: 0.58% Traditional ROI: 4.34%
7552 Kelsey Drive Panama City, FL Welcome home! 7552 Kelsey Dr is a beautifully maintained home that blends comfort, space, ...	3 beds \| 2 baths \| 1,454 sq.ft.	$280,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 5.03% Airbnb Rental Income: $1245 Traditional Rental Income: $1986 Airbnb ROI: 0.72% Traditional ROI: 5.03%
9860 S Thomas Drive #217 Panama City, FL Welcome to Laketown Wharf 217! This fully furnished 1Bd/2Ba, 1,047 SqFt condo also feature...	1 beds \| 2 baths \| 1,047 sq.ft.	$229,000	Airbnb cash on cash: -4.47% Traditional cash on cash: 4.05% Airbnb Rental Income: $949 Traditional Rental Income: $2447 Airbnb ROI: -4.47% Traditional ROI: 4.05%

Real Estate investment in Panama-city, FL

There are 585 properties for sale in the city of Panama City . The median list price in Panama City is $325,000 and the average price per square foot is $196. In May 2026, the average monthly cash on cash return in Panama City is 3.00%. The average monthly rental income in Panama City is $1,976.

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

There are 585 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

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%

Traditional ROI: 4.33%

930 Grace Avenue

Panama City, FL

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%

8103 Zula Avenue

Panama City, FL

3 beds | 2 baths | 1,333 sq.ft.

$299,000

Airbnb cash on cash: 0.86%

Traditional cash on cash: 4.44%

Airbnb Rental Income: $1245

Traditional Rental Income: $1855

Airbnb ROI: 0.86%