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
1409 E 6th Court Panama City, FL Recently appraised at $260,000. Ideally located just 23 minutes from the beach and 7 minut...	3 beds \| 2 baths \| 1,320 sq.ft.	$248,000	Airbnb cash on cash: 7.79% Traditional cash on cash: 7.01% Airbnb Rental Income: $2840 Traditional Rental Income: $1996 Airbnb ROI: 7.79% Traditional ROI: 7.01%
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 \| 2,108 sq.ft.	$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 CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Discover this beautifully ma...	3 beds \| 2 baths \| N/A	$530,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 3.24% Airbnb Rental Income: $2840 Traditional Rental Income: $2783 Airbnb ROI: 2.02% Traditional ROI: 3.24%
1224 Finch Street Panama City, FL Welcome to this beautiful home located in the Sweetbay Community, offering a perfect blend...	4 beds \| 3 baths \| 2,402 sq.ft.	$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 \| 2,474 sq.ft.	$569,000	Airbnb cash on cash: 2.63% Traditional cash on cash: 3.71% Airbnb Rental Income: $2840 Traditional Rental Income: $2752 Airbnb ROI: 2.63% Traditional ROI: 3.71%
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 CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Discover this beautiful all-...	4 beds \| 4 baths \| 2,616 sq.ft.	$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%
1713 Wahoo Circle Panama City, FL Welcome to this beautifully remodeled three-bedroom, two-bath home located on a corner lot...	3 beds \| 2 baths \| 1,412 sq.ft.	$529,000	Airbnb cash on cash: 2.09% Traditional cash on cash: 2.23% Airbnb Rental Income: $2840 Traditional Rental Income: $2250 Airbnb ROI: 2.09% Traditional ROI: 2.23%
6813 S Lagoon Drive Panama City, FL Come Home to the Beach! Located on one of the most desirable streets in Panama City Beach,...	3 beds \| 2 baths \| N/A	$529,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 1.75% Airbnb Rental Income: $2840 Traditional Rental Income: $1932 Airbnb ROI: 2.24% Traditional ROI: 1.75%
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 \| 1,327 sq.ft.	$295,000	Airbnb cash on cash: 5.81% Traditional cash on cash: 4.96% Airbnb Rental Income: $2840 Traditional Rental Income: $1942 Airbnb ROI: 5.81% Traditional ROI: 4.96%
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 \| 1,744 sq.ft.	$327,900	Airbnb cash on cash: 5.13% Traditional cash on cash: 5.24% Airbnb Rental Income: $2840 Traditional Rental Income: $2210 Airbnb ROI: 5.13% Traditional ROI: 5.24%
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 \| 1,047 sq.ft.	$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%
1502 Trout Lane Panama City, FL Waterfront Value in Bay Point - A Boater's Dream Get on the water now with this exceptiona...	3 beds \| 3 baths \| 2,112 sq.ft.	$745,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 2.77% Airbnb Rental Income: $2840 Traditional Rental Income: $3316 Airbnb ROI: 1.13% Traditional ROI: 2.77%
2605 Avondale Ct Panama City, FL Welcome to 2605 Avondale! This MOVE IN READ 2 story home is located just off hwy 231 minut...	3 beds \| 2 baths \| 1,302 sq.ft.	$254,900	Airbnb cash on cash: 6.23% Traditional cash on cash: 5.49% Airbnb Rental Income: $2840 Traditional Rental Income: $2000 Airbnb ROI: 6.23% Traditional ROI: 5.49%
7532 Shadow Bay Dr Panama City, FL Well-maintained single-family home located in the desirable Callaway area, just minutes fr...	3 beds \| 2 baths \| 1,383 sq.ft.	$264,000	Airbnb cash on cash: 6.41% Traditional cash on cash: 5.05% Airbnb Rental Income: $2840 Traditional Rental Income: $1839 Airbnb ROI: 6.41% Traditional ROI: 5.05%
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.	$329,000	Airbnb cash on cash: 4.53% Traditional cash on cash: 4.46% Airbnb Rental Income: $2840 Traditional Rental Income: $2155 Airbnb ROI: 4.53% Traditional ROI: 4.46%
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 \| 1,262 sq.ft.	$335,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 1.78% Airbnb Rental Income: $2121 Traditional Rental Income: $2399 Airbnb ROI: -0.82% Traditional ROI: 1.78%
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%
7554 Yellow Bluff Rd Panama City, FL Welcome home to this beautifully updated 3-bedroom, 2.5-bath residence located in the hear...	3 beds \| 2 baths \| 1,679 sq.ft.	$345,000	Airbnb cash on cash: 4.94% Traditional cash on cash: 7.28% Airbnb Rental Income: $2840 Traditional Rental Income: $2937 Airbnb ROI: 4.94% Traditional ROI: 7.28%
5820 Jasmine Ct Panama City, FL Welcome to Callaway Corners! You're going to love living so close to Tyndall AFB. Whether ...	3 beds \| 2 baths \| 1,535 sq.ft.	$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%
3906 Napoli Road Panama City, FL With 5 bedrooms, 3 full baths and multiple living areas, you are not going to want to miss...	5 beds \| 3 baths \| 2,472 sq.ft.	$289,900	Airbnb cash on cash: 9.57% Traditional cash on cash: 9.31% Airbnb Rental Income: $4090 Traditional Rental Income: $3149 Airbnb ROI: 9.57% Traditional ROI: 9.31%
806 Huntington Dr Panama City, FL Charming & Centrally Located 3BR/2BA Home with Fenced Yard and Playground Welcome home to ...	3 beds \| 2 baths \| 1,175 sq.ft.	$189,000	Airbnb cash on cash: 9.23% Traditional cash on cash: 8.45% Airbnb Rental Income: $2840 Traditional Rental Income: $2026 Airbnb ROI: 9.23% Traditional ROI: 8.45%
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: 3.11% Traditional cash on cash: 3.42% Airbnb Rental Income: $3160 Traditional Rental Income: $2585 Airbnb ROI: 3.11% Traditional ROI: 3.42%
1720 Sherman Avenue Panama City, FL Must Sell! Charming single story split bedroom Florida cottage located in central area of ...	3 beds \| 2 baths \| 1,558 sq.ft.	$267,900	Airbnb cash on cash: 6.56% Traditional cash on cash: 6.66% Airbnb Rental Income: $2840 Traditional Rental Income: $2204 Airbnb ROI: 6.56% Traditional ROI: 6.66%
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 \| 1,047 sq.ft.	$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 \| 1,728 sq.ft.	$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 \| 1,262 sq.ft.	$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: 726 #726 Panama City, FL EASY SHOW! This is a great opportunity to make your purchase more affordable. Experience c...	2 beds \| 2 baths \| N/A	$335,000	Airbnb cash on cash: -1.08% Traditional cash on cash: 2.82% Airbnb Rental Income: $2121 Traditional Rental Income: $2807 Airbnb ROI: -1.08% Traditional ROI: 2.82%
17614 Front Beach Rd #D13 Panama City, FL Text the word ENDS13D to 850-307-5024 for an instant link with more pictures, information,...	2 beds \| 1 baths \| 758 sq.ft.	$319,900	Airbnb cash on cash: 1.81% Traditional cash on cash: -0.1% Airbnb Rental Income: $2121 Traditional Rental Income: $1005 Airbnb ROI: 1.81% Traditional ROI: -0.1%
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%
3531 Florida Avenue Panama City, FL Secure your opportunity to own this all-brick home perfectly nestled on over 3/4 of an acr...	3 beds \| 2 baths \| 2,458 sq.ft.	$419,900	Airbnb cash on cash: 3.59% Traditional cash on cash: 4.26% Airbnb Rental Income: $2840 Traditional Rental Income: $2440 Airbnb ROI: 3.59% Traditional ROI: 4.26%
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%

Real Estate investment in Panama-city, FL

There are 984 properties for sale in the city of Panama City . The median list price in Panama City is $333,250 and the average price per square foot is $199. In February 2026, the average monthly cash on cash return in Panama City is 3.00%. The average monthly rental income in Panama City is $1,994.

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

There are 984 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 $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 | 1,320 sq.ft.

$248,000

Airbnb cash on cash: 7.79%

Traditional cash on cash: 7.01%

Airbnb Rental Income: $2840

Traditional Rental Income: $1996

Airbnb ROI: 7.79%

Traditional ROI: 7.01%

5106 Blue Harbor Drive

Panama City, FL

3 beds | 3 baths | 2,108 sq.ft.

$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

3 beds | 2 baths | N/A

$530,000

Airbnb cash on cash: 2.02%

Traditional cash on cash: 3.24%

Airbnb Rental Income: $2840

Traditional Rental Income: $2783

Airbnb ROI: 2.02%

Traditional ROI: 3.24%

1224 Finch Street

Panama City, FL

4 beds | 3 baths | 2,402 sq.ft.

$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 | 2,474 sq.ft.

$569,000

Airbnb cash on cash: 2.63%

Traditional cash on cash: 3.71%

Airbnb Rental Income: $2840

Traditional Rental Income: $2752

Airbnb ROI: 2.63%

Traditional ROI: 3.71%

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%