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
1409 E 6th Court Panama City, FL Back on the market no fault to seller. Recently appraised at $260,000. Brand-new construct...	3 beds \| 2 baths \| N/A	$255,000	Airbnb cash on cash: 7.55% Traditional cash on cash: 6.79% Airbnb Rental Income: $2840 Traditional Rental Income: $1996 Airbnb ROI: 7.55% Traditional ROI: 6.79%
5106 Blue Harbor Drive Panama City, FL Gorgeous waterfront townhome with boat lift and brand-new jet ski lift! Don't miss this be...	3 beds \| 3 baths \| N/A	$545,000	Airbnb cash on cash: 1.77% Traditional cash on cash: 3.04% Airbnb Rental Income: $2840 Traditional Rental Income: $2826 Airbnb ROI: 1.77% Traditional ROI: 3.04%
3104 E Heartleaf Avenue Panama City, FL Discover this beautifully maintained 3 bedroom, 2 bath home with a versatile carriage hous...	4 beds \| 3 baths \| N/A	$530,000	Airbnb cash on cash: 2.56% Traditional cash on cash: 3.24% Airbnb Rental Income: $3160 Traditional Rental Income: $2783 Airbnb ROI: 2.56% Traditional ROI: 3.24%
1224 Finch Street Panama City, FL Welcome to this beautiful home located in the highly sought-after Sweetbay Community, offe...	4 beds \| 3 baths \| N/A	$525,000	Airbnb cash on cash: 2.61% Traditional cash on cash: 3.26% Airbnb Rental Income: $3160 Traditional Rental Income: $2764 Airbnb ROI: 2.61% Traditional ROI: 3.26%
428 Wahoo Road Panama City, FL POSITIVE PRICE CHANGE! This amazing home has a VA assumable mortgage with a 2.875% interes...	3 beds \| 3 baths \| 2,169 sq.ft.	$514,900	Airbnb cash on cash: 2.27% Traditional cash on cash: 3.44% Airbnb Rental Income: $2840 Traditional Rental Income: $2740 Airbnb ROI: 2.27% Traditional ROI: 3.44%
274 N Charlene Drive Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Welcome to 274 N. Charlene Dr...	3 beds \| 2 baths \| N/A	$330,000	Airbnb cash on cash: 5.16% Traditional cash on cash: 5.22% Airbnb Rental Income: $2840 Traditional Rental Income: $2195 Airbnb ROI: 5.16% Traditional ROI: 5.22%
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 \| N/A	$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%
8829 N Lagoon Drive Panama City, FL Welcome to Poseidon's Palace-a waterfront retreat blending laid-back coastal living with p...	4 beds \| 3 baths \| N/A	$1,125,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 1.91% Airbnb Rental Income: $3160 Traditional Rental Income: $3954 Airbnb ROI: 0.47% Traditional ROI: 1.91%
900 E 3rd Street Panama City, FL Charming Home in the Highly Sought-After Bunkers Cove Area! A house with all the Florida c...	3 beds \| 1 baths \| N/A	$289,000	Airbnb cash on cash: 6.6% Traditional cash on cash: 5.33% Airbnb Rental Income: $2840 Traditional Rental Income: $1832 Airbnb ROI: 6.6% Traditional ROI: 5.33%
2608 Redtail Street Panama City, FL Discover this beautiful all-brick home tucked away on a quiet cul-de-sac in one of the are...	4 beds \| 4 baths \| N/A	$545,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 3.44% Airbnb Rental Income: $3160 Traditional Rental Income: $2734 Airbnb ROI: 2.87% Traditional ROI: 3.44%
321 Michele Drive Panama City, FL Welcome to this charming 3-bedroom, 2-bath home located in the quiet Forest Walk neighborh...	3 beds \| 2 baths \| N/A	$325,000	Airbnb cash on cash: 5.06% Traditional cash on cash: 4.54% Airbnb Rental Income: $2840 Traditional Rental Income: $2020 Airbnb ROI: 5.06% Traditional ROI: 4.54%
5509 Merritt Brown Road Panama City, FL Motivated Sellers, come take a look today!! Welcome home to this bright and airy 3-bedroom...	3 beds \| 2 baths \| N/A	$305,000	Airbnb cash on cash: 5.59% Traditional cash on cash: 4.77% Airbnb Rental Income: $2840 Traditional Rental Income: $1942 Airbnb ROI: 5.59% Traditional ROI: 4.77%
1604 Baldwin Rowe Circle Panama City, FL Move-In Ready & Updated! This centrally located 3 bedroom 2.5 bath LAKEFRONT unit is locat...	3 beds \| 3 baths \| 1,654 sq.ft.	$245,000	Airbnb cash on cash: 6.34% Traditional cash on cash: 7.01% Airbnb Rental Income: $2840 Traditional Rental Income: $2332 Airbnb ROI: 6.34% Traditional ROI: 7.01%
5903 Sunset Avenue Panama City, FL Less than 5 minute walk to the GULF!, 4 bed/5 full bath & 3 balconies!!, Updated & Fully F...	4 beds \| 5 baths \| 2,464 sq.ft.	$950,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 3.81% Airbnb Rental Income: $3160 Traditional Rental Income: $4716 Airbnb ROI: 1.24% Traditional ROI: 3.81%
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 \| N/A	$331,000	Airbnb cash on cash: 5.08% Traditional cash on cash: 5.18% Airbnb Rental Income: $2840 Traditional Rental Income: $2210 Airbnb ROI: 5.08% Traditional ROI: 5.18%
9902 S Thomas Drive unit: 936 #936 Panama City, FL This beautiful and spacious one bedroom unit at Laketown Wharf comes with bunk beds and tw...	1 beds \| 2 baths \| N/A	$275,000	Airbnb cash on cash: -1.08% Traditional cash on cash: 2.56% Airbnb Rental Income: $1799 Traditional Rental Income: $2253 Airbnb ROI: -1.08% Traditional ROI: 2.56%
2605 Avondale Court Panama City, FL Welcome to 2605 Avondale! This MOVE IN READ 2 story home is located just off hwy 231 minut...	3 beds \| 3 baths \| N/A	$259,900	Airbnb cash on cash: 6.09% Traditional cash on cash: 5.37% Airbnb Rental Income: $2840 Traditional Rental Income: $2000 Airbnb ROI: 6.09% Traditional ROI: 5.37%
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 \| N/A	$339,000	Airbnb cash on cash: 4.37% Traditional cash on cash: 4.3% Airbnb Rental Income: $2840 Traditional Rental Income: $2155 Airbnb ROI: 4.37% Traditional ROI: 4.3%
3307 Kings Road Panama City, FL 'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS'Discover your DREAM home wit...	4 beds \| 2 baths \| 2,657 sq.ft.	$410,000	Airbnb cash on cash: 4.24% Traditional cash on cash: 5.82% Airbnb Rental Income: $3160 Traditional Rental Income: $3053 Airbnb ROI: 4.24% Traditional ROI: 5.82%
9860 S Thomas Drive unit: 907 #907 Panama City, FL Own a Slice of Paradise at Laketown Wharf - Gulf-View Turnkey Investment! Discover the per...	2 beds \| 2 baths \| N/A	$365,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 1.56% Airbnb Rental Income: $2121 Traditional Rental Income: $2399 Airbnb ROI: -0.84% Traditional ROI: 1.56%
6402 Letohatchee Street Panama City, FL Currently under contract, the seller will consider backup offers. With an acceptable offer...	3 beds \| 2 baths \| N/A	$269,900	Airbnb cash on cash: 6.27% Traditional cash on cash: 5.7% Airbnb Rental Income: $2840 Traditional Rental Income: $2034 Airbnb ROI: 6.27% Traditional ROI: 5.7%
5820 Jasmine Ct Panama City, FL Welcome to Callaway Corners! You're going to love living so close to Tyndall AFB. Whether ...	3 beds \| 3 baths \| N/A	$280,500	Airbnb cash on cash: 6.55% Traditional cash on cash: 6.54% Airbnb Rental Income: $2840 Traditional Rental Income: $2175 Airbnb ROI: 6.55% Traditional ROI: 6.54%
1720 Sherman Avenue Panama City, FL Must Sell! Charming single story split bedroom Florida cottage located in central area of ...	3 beds \| 2 baths \| N/A	$269,000	Airbnb cash on cash: 6.53% Traditional cash on cash: 6.63% Airbnb Rental Income: $2840 Traditional Rental Income: $2204 Airbnb ROI: 6.53% Traditional ROI: 6.63%
9902 S Thomas Drive unit: 1237 #1237 Panama City, FL Unlock an exceptional investment opportunity in Panama City Beach, FL, with this beautiful...	1 beds \| 2 baths \| N/A	$280,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.3% Airbnb Rental Income: $1799 Traditional Rental Income: $2078 Airbnb ROI: 0.39% Traditional ROI: 3.3%
537 N 11th Street Panama City, FL Beautifully Renovated Home on 1.3 Acres of Privacy! Discover the perfect blend of charm an...	3 beds \| 2 baths \| N/A	$299,000	Airbnb cash on cash: 5.96% Traditional cash on cash: 5.6% Airbnb Rental Income: $2840 Traditional Rental Income: $2077 Airbnb ROI: 5.96% Traditional ROI: 5.6%
4259 Dairy Farm Road Panama City, FL All Brick home located in a quiet established neighboorhood. Excellent Schools, close to s...	3 beds \| 2 baths \| 1,501 sq.ft.	$345,000	Airbnb cash on cash: 4.46% Traditional cash on cash: 4.05% Airbnb Rental Income: $2840 Traditional Rental Income: $2045 Airbnb ROI: 4.46% Traditional ROI: 4.05%
319 Prudence Lane Panama City, FL Charming 3-Bedroom Home Just Minutes from the Beach!Welcome to 319 Prudence Lane, a beauti...	3 beds \| 2 baths \| 1,200 sq.ft.	$335,000	Airbnb cash on cash: 4.62% Traditional cash on cash: 3.35% Airbnb Rental Income: $2840 Traditional Rental Income: $1778 Airbnb ROI: 4.62% Traditional ROI: 3.35%
9860 S Thomas Drive unit: 309 #309 Panama City, FL Gross Vacation Rental Projection $43,700-$59,950! Welcome to Laketown Wharf 309! Totally u...	3 beds \| 2 baths \| N/A	$365,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 1.22% Airbnb Rental Income: $2840 Traditional Rental Income: $2409 Airbnb ROI: 0.55% Traditional ROI: 1.22%
9860 S Thomas Drive unit: 825 #825 Panama City, FL $5,000 in FLEX dollars - use toward closing costs, rate buy down, future HOA dues. Welcome...	3 beds \| 2 baths \| 1,262 sq.ft.	$389,900	Airbnb cash on cash: 0.45% Traditional cash on cash: 0.42% Airbnb Rental Income: $2840 Traditional Rental Income: $2166 Airbnb ROI: 0.45% Traditional ROI: 0.42%
5116 Blue Harbor Drive Panama City, FL Waterfront Living at Its Finest! This stunning end-unit townhome offers the perfect blend ...	3 beds \| 3 baths \| N/A	$515,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 3.97% Airbnb Rental Income: $2840 Traditional Rental Income: $3152 Airbnb ROI: 1.95% Traditional ROI: 3.97%
1539 Donna Avenue Panama City, FL 3.125% assumable mortgage!!! Welcome to your dream home at the beach. This stunning S...	3 beds \| 2 baths \| 1,825 sq.ft.	$415,000	Airbnb cash on cash: 3.68% Traditional cash on cash: 3.74% Airbnb Rental Income: $2840 Traditional Rental Income: $2200 Airbnb ROI: 3.68% Traditional ROI: 3.74%
5431 Nicole Boulevard Panama City, FL Updated Brick Home in Cherokee Heights! Welcome to this must-see home in one of Panama Cit...	3 beds \| 2 baths \| N/A	$345,000	Airbnb cash on cash: 4.62% Traditional cash on cash: 4.02% Airbnb Rental Income: $2840 Traditional Rental Income: $1981 Airbnb ROI: 4.62% Traditional ROI: 4.02%
1301 Oakland Drive Panama City, FL Amazing investment opportunity or homestead. Central panama city fl walking distance to mu...	4 beds \| 2 baths \| N/A	$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%
551 Blue Heron Drive Panama City, FL Discover this charming residence located at 551 Blue Heron Dr in Panama City, FL. This inv...	3 beds \| 2 baths \| N/A	$389,999	Airbnb cash on cash: 4.38% Traditional cash on cash: 4.52% Airbnb Rental Income: $2840 Traditional Rental Income: $2230 Airbnb ROI: 4.38% Traditional ROI: 4.52%
2409 Nicole Drive Panama City, FL Welcome to 2409 Nicole Drive - A Home Designed for Everyday Comfort and Enjoyment Life fee...	3 beds \| 2 baths \| N/A	$340,000	Airbnb cash on cash: 4.4% Traditional cash on cash: 4.2% Airbnb Rental Income: $2840 Traditional Rental Income: $2115 Airbnb ROI: 4.4% Traditional ROI: 4.2%
213 S Berthe Avenue Panama City, FL Welcome to 213 S Berthe Avenue, a beautifully updated home situated on a spacious corner l...	2 beds \| 1 baths \| N/A	$199,000	Airbnb cash on cash: 5.89% Traditional cash on cash: 5.47% Airbnb Rental Income: $2121 Traditional Rental Income: $1498 Airbnb ROI: 5.89% Traditional ROI: 5.47%
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 \| N/A	$339,600	Airbnb cash on cash: 5.04% Traditional cash on cash: 4.37% Airbnb Rental Income: $3160 Traditional Rental Income: $2231 Airbnb ROI: 5.04% Traditional ROI: 4.37%
7333 Claudia's Way Panama City, FL This beautifully updated move-in-ready 3-bedroom, 2-bath home offers major updates for pea...	3 beds \| 2 baths \| N/A	$240,000	Airbnb cash on cash: 7.52% Traditional cash on cash: 6.35% Airbnb Rental Income: $2840 Traditional Rental Income: $1912 Airbnb ROI: 7.52% Traditional ROI: 6.35%
311 N Gay Avenue Panama City, FL This beautiful 4 bedroom, 2.5 bath home, built in 2019, is contemporarily designed inside ...	4 beds \| 3 baths \| N/A	$285,000	Airbnb cash on cash: 6.51% Traditional cash on cash: 9.31% Airbnb Rental Income: $3160 Traditional Rental Income: $3198 Airbnb ROI: 6.51% Traditional ROI: 9.31%
405 Wahoo Road Panama City, FL Stunning Waterfront home in Bay Point - A Boater's Dream! This breathtaking 3189 sq ft wat...	4 beds \| 3 baths \| N/A	$1,099,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 1.79% Airbnb Rental Income: $3160 Traditional Rental Income: $3768 Airbnb ROI: 0.49% Traditional ROI: 1.79%

Real Estate investment in Panama-city, FL

There are 655 properties for sale in the city of Panama City . The median list price in Panama City is $339,900 and the average price per square foot is $184. In December 2025, the average monthly cash on cash return in Panama City is 3.00%. The average monthly rental income in Panama City is $1,972.

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

There are 655 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

1409 E 6th Court

Panama City, FL

3 beds | 2 baths | N/A

$255,000

Airbnb cash on cash: 7.55%

Traditional cash on cash: 6.79%

Airbnb Rental Income: $2840

Traditional Rental Income: $1996

Airbnb ROI: 7.55%

Traditional ROI: 6.79%

5106 Blue Harbor Drive

Panama City, FL

3 beds | 3 baths | N/A

$545,000

Airbnb cash on cash: 1.77%

Traditional cash on cash: 3.04%

Airbnb Rental Income: $2840

Traditional Rental Income: $2826

Airbnb ROI: 1.77%

Traditional ROI: 3.04%

3104 E Heartleaf Avenue

Panama City, FL

4 beds | 3 baths | N/A

$530,000

Airbnb cash on cash: 2.56%

Traditional cash on cash: 3.24%

Airbnb Rental Income: $3160

Traditional Rental Income: $2783

Airbnb ROI: 2.56%

Traditional ROI: 3.24%

1224 Finch Street

Panama City, FL

4 beds | 3 baths | N/A

$525,000

Airbnb cash on cash: 2.61%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $3160

Traditional Rental Income: $2764

Airbnb ROI: 2.61%

Traditional ROI: 3.26%

428 Wahoo Road

Panama City, FL

3 beds | 3 baths | 2,169 sq.ft.

$514,900

Airbnb cash on cash: 2.27%

Traditional cash on cash: 3.44%

Airbnb Rental Income: $2840

Traditional Rental Income: $2740

Airbnb ROI: 2.27%

Traditional ROI: 3.44%

274 N Charlene Drive

Panama City, FL

3 beds | 2 baths | N/A

$330,000

Airbnb cash on cash: 5.16%

Traditional cash on cash: 5.22%

Airbnb Rental Income: $2840

Traditional Rental Income: $2195

Airbnb ROI: 5.16%

Traditional ROI: 5.22%

930 Grace Avenue

Panama City, FL

3 beds | 3 baths | N/A

$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%

8829 N Lagoon Drive

Panama City, FL

4 beds | 3 baths | N/A

$1,125,000

Airbnb cash on cash: 0.47%

Traditional cash on cash: 1.91%

Airbnb Rental Income: $3160

Traditional Rental Income: $3954

Airbnb ROI: 0.47%