Real Estate Search

Alicia Hicks Featured Properties

$27,000,000
794586 MLS
Multi-parcel site includes a 11,580 SF showroom/flex facility with a 35-space parking lot. Site is adjacent to Walmart Super Center on Front Beach Road Zoned Commercial-High intensity Over 5,000 condo units within .35 miles and less than 5 miles to the beach

Churchwell Drive, Panama City Beach

Listing courtesy of Graham & Company.

$16,500,000
784930 MLS
The Woodbine Commercial Assemblage totals +/-22.66 acres across three contiguous parcels of approximately +/-3.34 acres, +/-13.26 acres, and +/-6.06 acres, offering a rare and flexible development opportunity in one of Northwest Florida's fastest-growing corridors. The property features approximately +/-2,821 feet of prime frontage along Woodbine Road, a primary commuter arterial in the rapidly expanding Pace/Milton market within the Pensacola MSA, and includes four hard corners, providing exceptional access, visibility, and design flexibility. The assemblage benefits from strong daily traffic counts of +/-21,709 AADT, ensuring consistent exposure to commuters and local residents alike. The property is zoned HCD (Highway Commercial Development), is 100% upland, and is in greenfield condition, with all utilities available to the site and an offsite stormwater facility already in place, making it truly development-ready. Situated at the entrance to the 700+ home Lakes of Woodbine subdivision, the site offers an immediate and strong adjacent residential base while also being strategically positioned within a broader high-growth trade area experiencing continued population and employer expansion. This premier commercial assemblage is ideally suited for a range of retail, office, medical, or service-oriented developments, as well as larger mixed-use or phased projects. With its scale, extensive frontage, multiple hard corners, and location in a thriving suburban market, the Woodbine Commercial Assemblage presents both immediate development potential and strong long-term appreciation upside. +/-22.66 Acres Total Prime Woodbine Road Frontage (+/-2,821') along a primary commuter arterial 4 Hard Corners Offsite stormwater facility in place with all utilities available High-Visibility Location with excellent access and exposure Located at the entrance to the 700+ home Lakes of Woodbine Subdivision, providing an immediate and strong adjacent residential base Traffic Counts: +/-21,709 AADT on Woodbine Road Zoning: HCD - Highway Commercial Development

00 Woodbine Road, Pace

Listing courtesy of NAI TALCOR.

$15,000,000
783542 MLS
The Phillips Portfolio represents a once-in-a-generation opportunity to invest in one of America's most dynamic growth markets. The Portfolio has been strategically assembled to include an inventory of 43 high-value assets. These assets span across Northwest Florida and include residential, commercial, and industrial assets. Structured with current income-producing, in-process development parcels and greenfield land opportunities. The Phillips Portfolio offers above-market return opportunities across the immediate, medium, and long-term investment horizons. Inquire with Listing Agents for full portfolio information. Heritage Plantation is a large master planned neighborhood in the Crestview market. The first phases of this development have been fully constructed and have delivered strong home sales, setting up the property for future growth. With numerous commercial amenities supporting this large subdivision, Heritage Plantation has become one of the staple neighborhoods for families in northern Okaloosa County.

3200 Heritage Plantation Boulevard, Laurel Hill

Listing courtesy of NAI TALCOR.

$14,000,000
675020 MLS
124 Acres on West Bay in Panama City Beach - ''The Oak Grove on West Bay''. Located on the east-side of Colony Club & Trieste neighborhoods & the Legacy Golf Club (f/k/a Holiday Golf Course). Over 1,200 feet of waterfrontage on West Bay with expansive views across the Bay. It is comprised of 3 parcels; A=59.9 Acres on West Bay, B=60.1 Acre interior parcel and C=4.4 Acre parcel on West Bay and accessed via Moonlight Bay Drive. The sellers will not subdivide. The primary access is via the Clara Avenue extension, which is a 100' right of way, now paved close to the south property line. The site has been annexed into the City of Panama City Beach & zoned P.U.D. & Conservation. The highest-and-best use is residential &/or resort. Conceptual site plans, wetlands delineation, surveys and maps are attached. Call for detailed information & to setup a tour.

000 Clara Avenue, Panama City Beach

Listing courtesy of Counts Real Estate Group Inc.

$10,500,000
789041 MLS
$790,000+ Net Operating Income 33,000 SF, 3-story Class A office building 94% leased with diversified tenant mix 1,824 SF available for lease High demand, high growth location with limited inventory; long term leases

6925 US Highway 98 Unit 301, Santa Rosa Beach

Listing courtesy of Graham & Company.

$10,450,000
788472 MLS
Property has been re-built from the ground up; so everything is brand new even the parking lot. This opportunity is about 95% complete. The asking price is about half of the true value. 90 rooms and another 6 or so comprising of the Lobby, Electrical, Washer and Dryer area etc. All of the furniture is in and the TV's are hung. It was formerly known as The Labrisa Inn. It is located just down the street from the new Tyndall Air Force Base. More pics and drone footage coming soon...

5711 E Highway 98, Panama City

Listing courtesy of Counts Real Estate Group Inc.

$10,250,000
778253 MLS
57,328 SF Distribution Center on 4.5 acres with 5,000 SF of offices and showroom. Loading docks with two dock high14-foot roll up doors and two ground level 14-foot overhead doors Built to Suit in 2020 by Reliant South Contractors with full set of construction plans on hand. Available For Lease June 1, 2026 $14 SF NNN Currently occupied / shown by appointment only. Photos and plans available on request

17684 Cordova Place, Panama City Beach

Listing courtesy of Resource Realty Group, LLC.

$9,700,000
780409 MLS
The Palafox Icehouse offers a rare opportunity to acquire a stabilized, waterfront asset in the heart of Downtown Pensacola at a 5.88% cap rate, backed by long-term, credit-quality tenancy and irreplaceable Palafox Street frontage. The three-story iconic building is 100% leased to Merrill Lynch, a tenant since 2001, and Rafferty, Domnick, Cunningham & Yaffa, which recently executed a new five-year lease in 2024. Investors benefit from immediate cash flow with built-in upside through future rent growth or strategic repositioning. Located within a supply-constrained, high-growth coastal market surrounded by dining, retail, residential, and waterfront amenities, the asset offers durable income today and long-term appreciation potential. Prime Waterfront Location in the heart of Downtown Pensacola's entertainment and business district with irreplaceable views. Iconic Palafox Street Frontage along the city's most desirable commercial corridor, surrounded by dining, retail, and residential development. Stabilized, Income-Producing Asset -- 100% leased to two long-term professional tenants; Merrill Lynch (12,255 RSF) -- tenant since 2001 and Rafferty, Domnick, Cunningham & Yaffa (6,739 RSF) -- new 5-year lease executed in 2024 Attractive In-Place Yield -- Offered at a 5.88% cap rate with stable downtown office income. Limited Downtown Office Supply supports long-term occupancy and rental stability. Historic, Character-Rich Building -- Three-story Class 'A' office building enhances market appeal and tenant retention. Walkable Waterfront Environment with immediate access to marina, festivals, restaurants, and hospitality. Located in a Growing Coastal Market benefiting from population growth and continued downtown revitalization. Rent Roll maintained almost 100% occupancy since building completed in 1999.

815 S Palafox Street, Pensacola

Listing courtesy of NAI TALCOR.

$9,200,000
4 Beds ⋅ 5 Baths ⋅ 790602 MLS
62 S. Charles Street is a striking contemporary residence designed by renowned A Boheme Design, blending modern luxury with the tranquility and natural beauty of Palmera Park. Ideally located south of 30A, this exceptional home embraces park views while remaining just moments from the Gulf green and sugar-white sands. A private sanctuary concealed behind white stucco walls and sculptural structural columns, the residence was thoughtfully designed to accentuate its bold architectural lines and lush landscaping. Every detail creates a seamless connection between modern artistry, coastal elegance, and serene outdoor living. Thoughtfully designed for both full-time living and effortless entertaining, the home offers 3,845 square feet of conditioned living space with expansive indoor and outdoor living areas. Featuring four bedrooms, including two luxurious primary suites, two guest suites, laundry rooms on each level, and a media room with wet bar, every detail was curated for comfort and sophistication. The heart of the home showcases an open-concept kitchen, dining, and living area seamlessly connected to the outdoor courtyard and pool through dramatic 30-foot multi-slide glass doors, creating a true indoor-outdoor living experience. The gourmet kitchen is beautifully appointed with a large island, a 48-inch Miele range, Sub-Zero refrigeration, wine cooler, and icemaker. Imaginative design details continue throughout the home, including a stunning book-matched marble fireplace that beautifully complements the countertops, while custom finishes inside and out add layers of architectural intrigue. The outdoor spaces are nothing short of spectacular. A 32-foot water wall cascades into the length of the pool, complemented by a gas fire pit and covered summer kitchen featuring a Wolf grill, Sub-Zero refrigerator, and icemaker. The surrounding outdoor living areas and plunge pool cultivate an atmosphere of refined leisure and elevated coastal living. A sculptural concrete helicoidal staircase leads to the third-floor rooftop terrace where beautiful sunset vistas and iconic views of Alys Beach architecture await. Entertaining and relaxation are elevated by the abundance of thoughtfully designed indoor and outdoor gathering spaces. Both primary suites overlook the serene beauty of Palmera Park and feature spa-inspired bathrooms with floor-to-ceiling marble, dual vanities, expansive showers, and spacious walk-in closets. The first-floor primary suite also enjoys a private courtyard with a whimsical outdoor soaking tub, offering a tranquil retreat to relax and unwind while embracing the peaceful ambiance of the surroundings. Interior finishes blend warmth and contemporary elegance, with shell stone flooring flowing throughout the first floor and continuing into the courtyard, while rich walnut flooring defines the second level. Twelve-foot ceilings throughout the first floor enhance the home's open, airy feel, while the dramatic floor-to-ceiling marble fireplace creates a stunning focal point. Ascending to the second level, a striking zebra wood-clad stair hall with an Italian-made polished stainless-steel railing by Maretti introduces the media room, an additional primary suite, a conveniently located second-floor laundry room, and two spacious guest suites, each featuring beautifully designed baths and oversized closets. Designed to elevate the coastal lifestyle, this residence offers the opportunity to enjoy the exclusive amenities of Alys Beach, highlighted by access to the private Beach Club--an exceptional retreat reserved for owners.

62 S Charles Street, Alys Beach

Listing courtesy of The Premier Property Group.

$8,500,000
788383 MLS
$800,000+ Gross Income 30A Beach Investment 4,524 SF two-story vacation home with 7.5 bedrooms, each with en suite bathroom, (3) living rooms, chef's kitchen, zero entry pool with hot tub, and 1,457 SF unconditioned space. 2025 Gross Rental Income: $802,457 2025 NOI: $594,210 7% CAP rate VRBO's 2024 Vacation Rental of the Year Deeded beach access

39 Seabreeze Boulevard, Alys Beach

Listing courtesy of Graham & Company.

$8,500,000
769398 MLS
17 Acre C-3 General Commercial Parcel with 1,600 feet on Hwy 77 Frontage and 900' of School Road Frontage. No Wetlands. 10' Water line and Sewer Force Main along the Hwy. Property is Very High and Dry with no wetlands. Ideal for Shopping Center. Property is bordered by an expanding 1,800 student School and the 2,000 acre Lake Merial Neighborhood. Property is part of a larger 100 acre commercial parcel, larger and smaller parcels are available.

13100 Hwy 77, Southport

Listing courtesy of Lagoon Realty.

$8,475,000
5 Beds ⋅ 10 Baths ⋅ 786845 MLS
Perched on 380 feet of pristine West Bay waterfront along the Northwest Florida Gulf Coast, Villa Chimera is the most extraordinary luxury estate in Panama City Beach. Spanning 9,473 sq. ft. across three expansive lots, this 5BR/6BA/4HB masterpiece was authentically modeled after an Italian Venetian Palazzo -- designed by architect Philip Spann from hand-sketched owner drawings inspired by Renaissance master Andrea Palladio. Every finish was sourced from Italy or crafted by world-renowned artisans: a hand-carved Italian marble fountain, cushion-cut marble walls, Venetian silk upholstery, a Rome-crafted stone dining table, and a Renaissance fresco ceiling hand-painted by artist Jody Matokovich. This is not simply a Gulf Coast luxury home -- it is a one-of-a-kind legacy estate. The soaring foyer commands immediate attention with its grand Schonbek crystal chandelier, custom compass rose marble floor inlay, and solid stone staircase with marble balusters. The great room overlooking West Bay features a marble fireplace, limestone accents, and walls upholstered in Bevilacqua silk -- made in Venice and renowned worldwide. A media room with a theater-size projection screen and theatrical lighting flows seamlessly from the living space. The gourmet kitchen features Wolf and Sub-Zero appliances, a breakfast bar, separate bar area, and a fully equipped butler's pantry for effortless large-scale entertaining. All cabinetry was custom-designed by Design Galleria of Atlanta. The dining room centers around a custom stone table crafted in Rome outside the Vatican walls, beneath Venetian watermark plasterwork evoking centuries of Palazzo history. The second-level master suite is a private sanctuary with bay views, a columned balcony, and a hand-painted Renaissance fresco vault ceiling. Separate his-and-hers bathrooms each feature heated floors and double showers with body jets. A detached guest house -- connected by covered walkway -- includes a full kitchen, sitting area, private veranda, and full bath. Smart home living is delivered via a full Crestron system controlling all lighting, media, and security. Additional highlights: Kohler 100KW whole-house generator, all-copper plumbing, 4-car garage with wheelchair lift, whole-house central vacuum, monitored security cameras, LED lighting throughout, and all windows and exterior doors replaced post-Hurricane Michael. A rare and irreplaceable Florida Gulf Coast waterfront estate -- schedule your private showing today.

3730 Preserve Bay Boulevard, Panama City

Listing courtesy of Christies International Real Estate Emerald Coast.

$8,000,000
783575 MLS
The Phillips Portfolio represents a once-in-a-generation opportunity to invest in one of America's most dynamic growth markets. The Portfolio has been strategically assembled to include an inventory of 43 high-value assets. These assets span across Northwest Florida and include residential, commercial, and industrial assets. Structured with current income-producing, in-process development parcels and greenfield land opportunities. The Phillips Portfolio offers above-market return opportunities across the immediate, medium, and long-term investment horizons. Inquire with Listing Agents for full portfolio information. RiverPark spans 271 acres in the heart of Crestview, Florida, offering a premier opportunity for large-scale residential development. Strategically located in this rapidly expanding market, this property is ideally suited for a master-planned community featuring single-family homes. With demand for housing on the rise and strong regional infrastructure in place, RiverPark presents significant upside for builders, developers, or investors seeking to capitalize on Crestview's expanding population and economic momentum. This is a rare chance to shape a flagship residential project in one of Northwest Florida's most dynamic markets.

00 Airport Drive, Crestview

Listing courtesy of NAI TALCOR.

$8,000,000
754214 MLS
LOCATION! LOCATION! LOCATION! Discover an exceptional opportunity with this 16.53-acre parcel situated at 401 N Kimbrel Avenue in the dynamic and developing Panama City, Florida. Boasting a prime location that is conveniently close to educational institutions, recreational areas, and vital employment hubs, including Tyndall Air Force Base, this site is ideal for developers looking to respond to the city's current and future housing needs. The property offers ample space for a significant multi-family residential project, with zoning classification R5-A, which allows for the construction of up to 25 residences per acre. The max allowable units in this location is 413. We are excited to welcome investors to the market for a development-ready project after Seller has completed the initial work and preparation. The potentially 400 door multifamily development has been cleared. The 16.5 acre parcel is situated along the major thoroughfare in the area, Highway22 and also connects to the main artery of the Bay County, Highway 98. All pre-development work and permits have been issued. The property is within a 30-minute drive to the sugary sands of the Panama City, Beach and offers various ecotourism opportunities. In a quick 15 minute drive, you will arrive to the revitalized Downtown Panama City, with its walkable shopping and waterfront dining venues. It lies within a strategic locale and is well-positioned outside the flood zone, making it a valuable find for a visionary development tailored to accommodate the influx of professionals and their households. This offering is a cornerstone opportunity to contribute to the area's resurgence with a development that captures the spirit of growth. This versatile plot stands ready for a transformative development that will cater to both civilian and military families, contributing to the rejuvenation of the community. Capitalize on the opportunities of Panama City by investing in a property that offers promising growth and profits. Buyers are encouraged to submit offers as they seek updated zoning to address their needs.

401 N Kimbrel Avenue, Panama City

Listing courtesy of Coldwell Banker Realty.

$7,700,000
745591 MLS
The very best commercial site in Panama City is now available for purchase. This 77± acre tract - WILL DIVIDE - is located at and around the southeast corner of Highway 77 and Baldwin Rd between the new 360 Gas + C-store and Tonya's Garden, and adjacent to 360 on Baldwin Road. The opportunities are endless for a property with this size and location. Being near the middle of ALL commercial activity in Panama City and Lynn Haven makes this site worthy of your serious consideration. Two median cuts on Highway 77. Excellent location for a commercial development and multifamily on the rear.

000 Baldwin Rd E, Panama City

Listing courtesy of Counts Real Estate Group.

$7,500,000
772998 MLS
Parcel ID and Legal Description are coming soon. Property is presently being surveyed and divided to make a 90.9 acre parcel. One approximately mile of creek frontage! This breathtaking property features two crystal clear natural springs flowing directly into Holmes Creek, offering the future owner exclusive access. Whether your'e seeking a serene conservation retreat or a prime opportunity for a water bottling venture, this property holds endless potential. Included is 50 plus acres of high and dry land ideal for a plant site or facility site. Conveniently located just off of Highway 79, you're only minutes from Panama City Beach and Interstate 10, providing excellent access for a business. Property could potentially be zoned commercial. It's truly one of a kind with limitless potential.

000 79 Highway, Vernon

Listing courtesy of CENTURY 21 Commander Realty.

$7,500,000
772017 MLS
Rare ±231-acre waterfront development opportunity with ±8,000 feet of natural shoreline on North Bay — now available with flexible deal structures including seller financing and potential joint venture (JV) development partnerships. The seller is actively seeking qualified development partners and is open to creative structuring to bring this site to its highest and best use. Strategically located in Bay County's rapidly expanding north side, the property is just minutes from Northwest Florida Beaches International Airport, Panama City Beach, and the multi-billion-dollar redevelopment of Tyndall Air Force Base. Adjacent to the established Fanning Bayou subdivision and close to Gulf Coast State College's North Bay Campus, this site sits squarely in the path of major regional growth. Development Highlights: * ±231 acres with ±8,000' of natural shoreline * Previously approved for 218 residential units and a school * Utilities nearby; excellent access to infrastructure and major roads * Bay County planning supports new development in this corridor * Ideal for residential, mixed-use, institutional, or recreational development This is one of the largest contiguous, undeveloped waterfront parcels remaining in the area. With strong regional demand, supportive zoning, and a seller willing to structure a deal creatively—including JV partnerships—this property offers a compelling opportunity for developers and investors looking to capitalize on Northwest Florida's growth.

Fonza Road, Panama City

Listing courtesy of Coldwell Banker Realty.

$6,500,000
746125 MLS
7 Acres in the Heart of Panama City Beach located across from Signal Hill Golf Course. Prime location for a hotel, multifamily development or resort. Almost 900 feet along North Lagoon, you are less than 1500 feet to the beach. This property is located in the Tourist District and is zoned Commercial High Intensity. The property can be developed for up to 200 hotel rooms or 74 townhome units. Conceptual Renderings are available. Topographical and Boundary Survey on file.

9129 N Lagoon Drive, Panama City Beach

Listing courtesy of Counts Real Estate Group Inc.

$6,500,000
746124 MLS
7 Acres in the Heart of Panama City Beach located across from Signal Hill Golf Course. Prime location for a hotel, multifamily development or resort. Almost 900 feet along North Lagoon, you are less than 1500 feet to the beach. This property is located in the Tourist District and is zoned Commercial High Intensity. The property can be developed for up to 200 hotel rooms or 74 townhome units. Conceptual Renderings are available. Topo and Boundary Survey on File.

9129 N Lagoon Drive, Panama City Beach

Listing courtesy of Counts Real Estate Group Inc.

$6,493,000
786612 MLS
+/-54,027 SF neighborhood shopping center situated on 5.18 acres on Hwy 231 in Panama City. This property benefits from access points on major arteries, Hwy 231 & Hwy 77 along with a separate lighted intersection at 19th St. The property is well positioned to meet the daily retail and service needs of nearby neighborhoods while benefiting from proximity to Bay County's healthcare and employment hubs. Currently 83.13% occupied, the center provides stable in-place income with additional upside through +/-9,114 SF of available office space. Panama City benefits from a diversified economic base supported by healthcare, tourism, retail, and military presence. Major employers such as HCA Florida Gulf Coast Hospital, Ascension Sacred Heart, and Tyndall Air Force Base provide a stable employment foundation that supports consistent consumer activity. +/-54,027 SF Neighborhood Shopping Center on +/-5.18 Acres 83.13% Occupied with Stable In-Place Income +/-9,114 SF Office Vacancy - Lease Upside Opportunity Multiple Access Points (Hwy 231, Hwy 77 & 19th Street) New Roof and HVAC installed 2019 Parking Ratio: 4.37:1000 Financials & Rent Roll Available Upon Request

615 Highway 231, Panama City

Listing courtesy of NAI TALCOR.

$6,295,000
10 Beds ⋅ 11 Baths ⋅ 787189 MLS
back on the Market and ready for the Summer, fully booked. Looking for the right Gulf Front Beach Home, you just found it in this Majestic New Gulf Front Home on Oleander Drive, this Fabulous Beach House is on 30aescapes rental program and is one of the top booking homes. The house is called Jewel Of Oleander and the name says it all. This new construction home features 8 bedrooms of which 4 are gulf front and 2 bunk room and sleeps 36 and booked solid for 2025 and already booked up for 2026. The first-floor features 12' ceilings and a great open floor plan, living room with a fire place that opens up a massive pool deck and outdoor kitchen area. with access to the Beach. The first floor also has a bedroom with En Suite Bath, Game Room, and elevator and features Thor appliances. The second-floor features 2 Gulf Front Bedrooms, both with En Suite Baths, two additional bedrooms, baths along with a bunk room and a din area. The Third-floor features 2 master suites with baths and another living Room along with a Bunk Room off the living area. This beautiful home has plenty of break out areas as it has three large decks and an oversize Gulf Front Pool with plenty of parking for up to 9 cars, Audio on every balcony and pool area and an outdoor kitchen with over 550,000 in projected income for 2026, Income history, bookings and projections are available in the document section.

13401 Oleander Drive, Panama City Beach

Listing courtesy of Beach Time Realty, Inc.

$6,250,000
792473 MLS
This 30,000± SF newly constructed warehouse is purpose-built for efficient distribution and long-term performance. The facility features 28 dock-high doors, three additional dock positions on a uniform loading platform, and 10 grade-level doors - providing exceptional flexibility for a wide range of logistics and industrial operations. Situated on a site with up to 4.0± acres of additional land available for outside storage or truck parking, the property benefits from Bay County's flexible Industrial-2 zoning, allowing for scalable operations and future expansion. The building is designed for multi-tenant or single-user functionality, with three divisible bays, each equipped with new restrooms and infrastructure to support further buildout as needed. Clear heights of 18' at the eaves and 21' at the ridge, combined with reinforced concrete slabs, support efficient racking, storage, and heavy use. The corner lot configuration provides excellent truck ingress and egress, enhancing circulation and operational flow. Strategically located in central Bay County, the property offers immediate access to Highway 231 and Highway 98, enabling efficient regional connectivity. Estimated completion: July 2026.

2505 Industrial Drive, Panama City

Listing courtesy of Clubbs Real Estate Group LLC.

$6,250,000
760263 MLS
NEW DEVELOPMENT OPPORTUNITY. Being sold for land value only. All structures are in the process of being torn down and removed (Completion approx. September 15, 2026). Possible short-term Owner Financing available with substantial down, credit check, etc. Spectacular opportunity to own a large piece of waterfront property sitting directly on the GULF OF AMERICA! Located in the heart of Panama City Beach, this 184' of prime GULF FRONT property offers lots of options for re-development. Currently zoned CH (Commercial High Intensity...the same as condos), it will allow for new construction up to 120' in height (must be verified). Located next to Senor' Frog's Restaurant, it is 1/2 mile from Pier Park and the brand-new TOP GOLF, and just 1 mile from Dolly Parton's Pirates Voyage Dinner Theater. There is a concrete seawall in place allowing any new construction to use as much of the existing site as permitting will allow. Call today to view this fabulous development opportunity. All meas. and information to be verified.

14929 Front Beach Road, Panama City Beach

Listing courtesy of AMERICAN REALTY of Bay Co, Inc.

$6,200,000
782381 MLS
PRICE IMPROVEMENT - NOW OFFERED AT $6.2 MILLION. This stabilized 50-unit garden-style apartment community presents an exceptional opportunity to acquire a well-maintained, income-producing asset with significant recent capital improvements and long-term upside. The property features a highly desirable unit mix of 8 one-bedroom, 20 two-bedroom, 12 three-bedroom, and 10 four-bedroom apartments, with 42 units renovated since 2020, showcasing updated flooring, fresh paint, windows, and modern fixtures. Ownership has invested heavily in the property's infrastructure, including new metal roofs, upgraded electrical panels, and numerous HVAC and water heater replacements, minimizing near-term capital expenditures. Additional revenue is generated through an on-site laundry facility, while a separate office building with storage provides efficient on-site management and operational support. The community maintains consistently strong occupancy and is further enhanced by an assumable $4.57 million fixed-rate, 3.75% non-recourse loan (subject to lender approval), providing a significant financing advantage in today's interest rate environment. Ideally located near major employers, schools, shopping, dining, and just minutes from Panama City Beach, the property benefits from strong rental demand in one of Northwest Florida's fastest-growing markets. Now priced at $6.2 million, this is a compelling opportunity for investors seeking immediate cash flow, operational stability, favorable financing, and future growth potential.

3510/ 3536 Saint John Street, Panama City

Listing courtesy of Luxe Coastal Realty Group LLC.

$6,197,500
782380 MLS
This exceptional 34-unit waterfront community, complete with a 22-slip marina, is now offered at a newly adjusted price, creating an even stronger value proposition for investors. In addition to its comprehensive renovations and prime waterfront amenities, the property includes an income-generating on-site laundry facility and a low-maintenance marina that produces steady net revenue, further strengthening the asset's operational performance. With 22 units fully renovated down to the studs in 2020, upgraded mechanicals, new roofs, contemporary interiors, and a history of consistently high occupancy, this community offers both stability and long-term growth potential. Positioned within the heart of Downtown Panama City's ongoing revitalization--featuring upgraded streetscapes, improved walkability, and renewed waterfront development--this asset remains one of the most compelling opportunities in the market. The pricing adjustment simply aligns the offering with current investor activity and enhances the property's already strong return profile.

240 Harmon Avenue, Panama City

Listing courtesy of Luxe Coastal Realty Group LLC.

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