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
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: -0.62% Traditional cash on cash: 4.15% Airbnb Rental Income: $1260 Traditional Rental Income: $3203 Airbnb ROI: -0.62% Traditional ROI: 4.15%
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: 0.91% Airbnb Rental Income: $1260 Traditional Rental Income: $3227 Airbnb ROI: -1.22% Traditional ROI: 0.91%
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: 5.61% Airbnb Rental Income: $1245 Traditional Rental Income: $3764 Airbnb ROI: 0.13% Traditional ROI: 5.61%
5509 Merritt Brown Road Panama City, FL UNDER CONTRACT - ACCEPTING BACK UP OFFERS Seller made updates: 2018 Roof 2024 HVAC- $5,450...	3 beds \| 2 baths \| 1,327 sq.ft.	$288,900	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.08% Airbnb Rental Income: $1245 Traditional Rental Income: $1942 Airbnb ROI: 1.07% Traditional ROI: 5.08%
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: -0.62% Traditional cash on cash: 3.26% Airbnb Rental Income: $1260 Traditional Rental Income: $3211 Airbnb ROI: -0.62% Traditional ROI: 3.26%
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.	$314,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 5.56% Airbnb Rental Income: $1245 Traditional Rental Income: $2224 Airbnb ROI: 0.9% Traditional ROI: 5.56%
9902 S Thomas Drive unit: 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.	$265,000	Airbnb cash on cash: -3.92% Traditional cash on cash: 2.32% Airbnb Rental Income: $949 Traditional Rental Income: $2161 Airbnb ROI: -3.92% Traditional ROI: 2.32%
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: -0.78% Traditional cash on cash: 3.14% Airbnb Rental Income: $1245 Traditional Rental Income: $3571 Airbnb ROI: -0.78% Traditional ROI: 3.14%
7532 Shadow Bay Drive Panama City, FL UNDER CONTRACT WITH CONTINGENCIES; SELLER ACCEPTING BACKUP OFFERS. Well-maintained single-...	3 beds \| 2 baths \| 1,383 sq.ft.	$264,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.05% Airbnb Rental Income: $1245 Traditional Rental Income: $1839 Airbnb ROI: 1.07% Traditional ROI: 5.05%
5201 Hickory Street Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS! Priced to sell! This 2018, 4...	4 beds \| 2 baths \| 1,316 sq.ft.	$289,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 5.91% Airbnb Rental Income: $1260 Traditional Rental Income: $2264 Airbnb ROI: 0.75% Traditional ROI: 5.91%
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.	$299,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 5.12% Airbnb Rental Income: $1245 Traditional Rental Income: $2191 Airbnb ROI: 0.35% Traditional ROI: 5.12%
9860 S Thomas Drive unit: 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: 2.43% Airbnb Rental Income: $1188 Traditional Rental Income: $2584 Airbnb ROI: -3.33% Traditional ROI: 2.43%
7554 Yellow Bluff Road Panama City, FL Welcome home to this beautifully updated 3-bedroom, 2.5-bath residence located in the hear...	3 beds \| 3 baths \| 1,679 sq.ft.	$339,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 6.8% Airbnb Rental Income: $1245 Traditional Rental Income: $2738 Airbnb ROI: 0.87% Traditional ROI: 6.8%
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 \| 1,535 sq.ft.	$280,500	Airbnb cash on cash: 1.53% Traditional cash on cash: 7.3% Airbnb Rental Income: $1245 Traditional Rental Income: $2375 Airbnb ROI: 1.53% Traditional ROI: 7.3%
7154 Riverbrooke Street Panama City, FL Welcome to this beautifully maintained 4-bedroom, 2-bath ranch-style home, perfectly situa...	4 beds \| 2 baths \| 1,768 sq.ft.	$310,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 5.07% Airbnb Rental Income: $1260 Traditional Rental Income: $2185 Airbnb ROI: 0.54% Traditional ROI: 5.07%
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: 4.02% Traditional cash on cash: 9.74% Airbnb Rental Income: $2271 Traditional Rental Income: $3267 Airbnb ROI: 4.02% Traditional ROI: 9.74%
806 Huntington Drive 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: 2.67% Traditional cash on cash: 9.23% Airbnb Rental Income: $1245 Traditional Rental Income: $2026 Airbnb ROI: 2.67% Traditional ROI: 9.23%
5214 Trelawney Avenue Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Lovely 4 bedroom home with 2...	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 Must Sell! Charming single story split bedroom Florida cottage located in central area of ...	3 beds \| 2 baths \| 1,558 sq.ft.	$261,900	Airbnb cash on cash: 1.35% Traditional cash on cash: 7% Airbnb Rental Income: $1245 Traditional Rental Income: $2245 Airbnb ROI: 1.35% Traditional ROI: 7%
9902 S Thomas Drive unit: 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: 3.56% Airbnb Rental Income: $949 Traditional Rental Income: $2149 Airbnb ROI: -2.3% Traditional ROI: 3.56%
9860 S Thomas Drive unit: 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: -3.33% Traditional cash on cash: 1.01% Airbnb Rental Income: $1245 Traditional Rental Income: $2336 Airbnb ROI: -3.33% Traditional ROI: 1.01%
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: 0.21% Traditional cash on cash: 4.26% Airbnb Rental Income: $1245 Traditional Rental Income: $2440 Airbnb ROI: 0.21% Traditional ROI: 4.26%
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: 2.49% Airbnb Rental Income: $1245 Traditional Rental Income: $2571 Airbnb ROI: -0.4% Traditional ROI: 2.49%
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: 6.64% Airbnb Rental Income: $1245 Traditional Rental Income: $3006 Airbnb ROI: 0.75% Traditional ROI: 6.64%
4823 Mccall Lane Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. LOCATION LOCATION LOCATION!!...	3 beds \| 2 baths \| 1,928 sq.ft.	$330,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 4.36% Airbnb Rental Income: $1245 Traditional Rental Income: $2091 Airbnb ROI: 0.36% Traditional ROI: 4.36%
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 \| 1,487 sq.ft.	$310,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 5.19% Airbnb Rental Income: $1245 Traditional Rental Income: $2258 Airbnb ROI: 0.36% Traditional ROI: 5.19%
707 Plantation Circle Panama City, FL Beautifully Maintained home on a half acre lot with a backyard oasis you have to see to be...	3 beds \| 2 baths \| 2,160 sq.ft.	$379,900	Airbnb cash on cash: 0.39% Traditional cash on cash: 5.87% Airbnb Rental Income: $1245 Traditional Rental Income: $2804 Airbnb ROI: 0.39% Traditional ROI: 5.87%
3209 Astor Avenue Panama City, FL Move-in ready 3-bedroom, 2.5-bath ''Captiva'' floor plan located in the highly sought-afte...	3 beds \| 3 baths \| 2,389 sq.ft.	$575,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 2.87% Airbnb Rental Income: $1245 Traditional Rental Income: $2757 Airbnb ROI: -0.68% Traditional ROI: 2.87%
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.	$325,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 5.77% Airbnb Rental Income: $1260 Traditional Rental Income: $2585 Airbnb ROI: 0.13% Traditional ROI: 5.77%
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: 4.02% Airbnb Rental Income: $1245 Traditional Rental Income: $3087 Airbnb ROI: -0.46% Traditional ROI: 4.02%
311 N Gay Avenue Panama City, FL $10,000 price reduction! This beautiful 4 bedroom, 2.5 bath home, built in 2019, is contem...	4 beds \| 3 baths \| 1,676 sq.ft.	$275,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 7.16% Airbnb Rental Income: $1260 Traditional Rental Income: $2545 Airbnb ROI: 0.67% Traditional ROI: 7.16%
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 \| 3,189 sq.ft.	$889,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 3.02% Airbnb Rental Income: $1260 Traditional Rental Income: $4653 Airbnb ROI: -1.06% Traditional ROI: 3.02%
12808 Merial Waters Pass Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Beautifully maintained 3-bed...	3 beds \| 2 baths \| 2,218 sq.ft.	$385,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 3.2% Airbnb Rental Income: $1245 Traditional Rental Income: $1990 Airbnb ROI: 0.04% Traditional ROI: 3.2%
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.	$465,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 3.77% Airbnb Rental Income: $1260 Traditional Rental Income: $2638 Airbnb ROI: -0.31% Traditional ROI: 3.77%
9900 S Thomas Drive unit: 1707 Panama City, FL Discover the epitome of coastal living in this meticulously updated 2 master bedroom, 3-ba...	2 beds \| 3 baths \| 1,148 sq.ft.	$398,000	Airbnb cash on cash: -3.67% Traditional cash on cash: 1.47% Airbnb Rental Income: $1188 Traditional Rental Income: $2717 Airbnb ROI: -3.67% Traditional ROI: 1.47%
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.	$269,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 6.29% Airbnb Rental Income: $1245 Traditional Rental Income: $2142 Airbnb ROI: 1.21% Traditional ROI: 6.29%
9860 S Thomas Drive unit: 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: 3.15% Airbnb Rental Income: $949 Traditional Rental Income: $2253 Airbnb ROI: -4.47% Traditional ROI: 3.15%
3103 Justine Court Panama City, FL Welcome to this charming brick home featuring 3 bedrooms and 2 full bathrooms, thoughtfull...	3 beds \| 2 baths \| 1,962 sq.ft.	$459,900	Airbnb cash on cash: 0.73% Traditional cash on cash: 2.87% Airbnb Rental Income: $1245 Traditional Rental Income: $1767 Airbnb ROI: 0.73% Traditional ROI: 2.87%
7432 Chipewa Street Panama City, FL Welcome to this beautifully renovated 4-bedroom, 2-bath waterfront home offering the perfe...	4 beds \| 2 baths \| 2,930 sq.ft.	$665,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 4.02% Airbnb Rental Income: $1260 Traditional Rental Income: $3517 Airbnb ROI: -0.26% Traditional ROI: 4.02%

Real Estate investment in Panama-city, FL

There are 501 properties for sale in the city of Panama City . The median list price in Panama City is $330,000 and the average price per square foot is $195. In April 2026, the average monthly cash on cash return in Panama City is 3.00%. The average monthly rental income in Panama City is $1,864.

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

There are 501 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

1224 Finch Street

Panama City, FL

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

$525,000

Airbnb cash on cash: -0.62%

Traditional cash on cash: 4.15%

Airbnb Rental Income: $1260

Traditional Rental Income: $3203

Airbnb ROI: -0.62%

Traditional ROI: 4.15%

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: 0.91%

Airbnb Rental Income: $1260

Traditional Rental Income: $3227

Airbnb ROI: -1.22%

Traditional ROI: 0.91%

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: 5.61%

Airbnb Rental Income: $1245

Traditional Rental Income: $3764

Airbnb ROI: 0.13%

Traditional ROI: 5.61%

5509 Merritt Brown Road

Panama City, FL

3 beds | 2 baths | 1,327 sq.ft.

$288,900

Airbnb cash on cash: 1.07%

Traditional cash on cash: 5.08%

Airbnb Rental Income: $1245

Traditional Rental Income: $1942

Airbnb ROI: 1.07%

Traditional ROI: 5.08%

1300 Savannah Drive

Panama City, FL

4 beds | 3 baths | 2,885 sq.ft.

$650,000

Airbnb cash on cash: -0.62%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $1260

Traditional Rental Income: $3211

Airbnb ROI: -0.62%

Traditional ROI: 3.26%

109 Concord Circle

Panama City, FL

3 beds | 2 baths | 1,744 sq.ft.

$314,000

Airbnb cash on cash: 0.9%

Traditional cash on cash: 5.56%

Airbnb Rental Income: $1245

Traditional Rental Income: $2224

Airbnb ROI: 0.9%

Traditional ROI: 5.56%

9902 S Thomas Drive unit: 936

Panama City, FL

1 beds | 2 baths | 1,047 sq.ft.

$265,000

Airbnb cash on cash: -3.92%

Traditional cash on cash: 2.32%

Airbnb Rental Income: $949

Traditional Rental Income: $2161

Airbnb ROI: -3.92%

Traditional ROI: 2.32%

1502 Trout Lane

Panama City, FL

3 beds | 3 baths | 2,112 sq.ft.

$745,000

Airbnb cash on cash: -0.78%

Traditional cash on cash: 3.14%

Airbnb Rental Income: $1245

Traditional Rental Income: $3571

Airbnb ROI: -0.78%