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$399,000
2 Beds ⋅ 2 Baths ⋅ 794082 MLS
Charming 2-bedroom, 2-bath Bamboo Cottage in Latitude at Watersound, beautifully updated with thoughtful upgrades throughout. The kitchen features quartz countertops, a gas range, KitchenAid appliances, custom lighting, and a stylish backsplash, while plantation shutters and fresh interior paint add to the home's polished feel. Both bathrooms feature tile, and the home offers 8-foot oversized doors throughout, a screened-in porch, and a recently epoxied garage floor. The primary closet has also been enhanced with custom shelving for added organization and storage. Whether you're looking for a vacation getaway, an investment property, or your own Latitude at Watersound retreat, this charming cottage is ready to enjoy and make your own.

8723 Conch Shell Court, Panama City Beach

Listing courtesy of Legacy Premier Agency.

$400,000
2 Beds ⋅ 1 Baths ⋅ 794078 MLS
SELLER PROVIDED APPRAISAL & SURVEY IN DOCUMENTS! GREAT INVESTMENT OPPORTUNITY! This is 1 of 3 Apartment Buildings For Sale. There is Q1-4, R1-4 & S1-4. Other Parcel Numbers: 07238-006-000, 07238-003-000 Each building has 4 apartments 2/1 Bath about 750 sq. ft. each with total area of 3000 sq. ft. total. All 3 buildings have 12 total units, 9,000 sq ft total. $1,200,000 for all three buildings. Rental Income available and expenses. Vacancy is typically 90% and rent fast when turned over. Buyer and Buyers agent to verify all dimensions and anything deemed important.

1337 E Park Road Unit Q1-4, Panama City

Listing courtesy of Anchor Realty Florida.

$399,900
793822 MLS
143 Claire Ave Turnkey 6 Unit Multifamily Investment Excellent investment opportunity! 143 Claire Ave is a remodeled 6-unit multifamily property, consisting of six studio apartments. The property has been updated and offers an investor the opportunity to acquire an income producing asset without taking on a major renovation project. Each unit features an efficient studio layout, making the property well suited for tenants looking for affordable, low maintenance living. With six individual rental units under one roof, this property provides multiple income streams and strong potential for consistent occupancy. Whether you're looking to add to an existing rental portfolio or get into multifamily investing, 143 Claire Ave offers a great combination of updated units, rental income potential, and manageable size. Six units. Remodeled. Income producing. Ready for its next owner.

143 Claire Avenue Unit 101, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$979,000
6 Beds ⋅ 6 Baths ⋅ 793756 MLS
Performing, luxury DUPLEX short term rental on the desirable east end of Panama City Beach. Fully furnished, averaging $43k income per unit per year. -Individual, privately fenced backyard per unit -Private, covered porches -Individual, private garage per unit -In ground sprinkler system -Oversized lot with room for pool or expansion

2313/2311 Anne Avenue, Panama City Beach

Listing courtesy of Corcoran Reverie SRB.

$399,000
6 Beds ⋅ 6 Baths ⋅ 793806 MLS
143 Claire Ave Turnkey 6 Unit Multifamily Investment Excellent investment opportunity! 143 Claire Ave is a remodeled 6-unit multifamily property, consisting of six studio apartments. The property has been updated and offers an investor the opportunity to acquire an income producing asset without taking on a major renovation project. Each unit features an efficient studio layout, making the property well suited for tenants looking for affordable, low maintenance living. With six individual rental units under one roof, this property provides multiple income streams and strong potential for consistent occupancy. Whether you're looking to add to an existing rental portfolio or get into multifamily investing, 143 Claire Ave offers a great combination of updated units, rental income potential, and manageable size. Six units. Remodeled. Income producing. Ready for its next owner.

143 Claire Avenue Unit 101, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$545,000
6 Beds ⋅ 6 Baths ⋅ 793726 MLS
Discover a rare gem in this triplex located in Lynn Haven, Florida. 913, 915, 917 Bradford Circle presents an outstanding investment opportunity with immediate returns and substantial growth potential. All three units are currently occupied, ensuring a steady stream of income from day one, totaling an impressive $3,000 per month. What truly sets this property apart is the untapped potential for increased profitability; current rental rates have remained the same for some time, offering an opportunity for the new owner to optimize income and significantly boost your return on investment. You might also consider occupying one unit and renting out the remaining two, offering both a place to live and rental income. Beyond its financial appeal, the triplex boasts a location that is highly attractive to renters. Situated just minutes away from Lynn Haven schools, a diverse array of shops and dining options, beautiful community parks, and convenient boat ramps, residents will enjoy unparalleled access to amenities and recreational activities. The property has a total of six bedrooms and six bathrooms, with each of the three units thoughtfully designed to include two bedrooms and two bathrooms, for those tenants that need the extra space! Some recent upgrades include a newer metal roof installed in 2022 and two newer air conditioning units. Don't miss this chance to acquire a turn-key investment that combines stable current cash flow with the exciting prospect of future appreciation and enhanced rental income. *All measurements to be verified by the buyer.

917 Bradford Circle, Lynn Haven

Listing courtesy of ERA Neubauer Real Estate Inc.

$175,000
8 Beds ⋅ 5 Baths ⋅ 793721 MLS
Outstanding multifamily investment opportunity with exceptional potential! This 2.5-acre corner parcel in Southport, Florida, features three income-producing mobile homes and is ideal for investors looking to expand their rental portfolio. The seller is retiring, creating an excellent opportunity to own a property with established rental history and future upside. Conveniently located just 11 miles (approximately 15 minutes) from Lynn Haven, the property offers a peaceful setting with easy access to shopping, dining, schools, and everyday conveniences. The surrounding area includes established neighborhoods such as Lake Merial, White Oaks, and Skunk Valley. The mobile homes are older and could benefit from some TLC, but they have provided consistent rental income for many years. Previous rental rates were $750/month, $550/month, and $675/month, with long-term tenants in place. The seller believes current market conditions may support higher rental rates, offering additional income potential. Whether you choose to continue operating the property as a rental investment, renovate the existing homes, or take advantage of the beautiful corner parcel to build your dream home, this property offers flexibility and numerous possibilities. Don't miss this unique opportunity to own acreage with income potential in a desirable and growing area. Property and home dimensions are approximate.

12933 Farm Road, Southport

Listing courtesy of Coldwell Banker Realty.

$130,000
2 Beds ⋅ 2 Baths ⋅ 214189 MLS
Exceptional opportunity to own Unit #15 in a professionally maintained multifamily development located in Troy, Alabama. This well-designed 2-bedroom, 2-bathroom apartment offers approximately 1,052 square feet of single-story living space with a functional floor plan, quality finishes, and excellent long-term investment potential. This property is part of a larger offering consisting of 14 total income-producing units, providing investors with exceptional flexibility. Whether you're looking to purchase a single investment property, expand your rental portfolio with multiple units, complete a 1031 exchange, or acquire the entire portfolio, this offering can be tailored to meet your investment goals. Ideally located just minutes from Troy University, downtown Troy, shopping, dining, healthcare, and major employers, the property's location contributes to consistent rental demand and long-term investment stability in one of South Alabama's strongest rental markets. Investment Options Purchase Unit #15 individually. Units may also be purchased in packages of two or more. Investors have the opportunity to acquire up to all 14 available units. Package Pricing: Multiply the number of units by $130,000 per unit. Property Highlights 2 Bedrooms | 2 Bathrooms Approximately 1,052 square feet Desirable single-story floor plan Kitchen appliances included Strong income-producing potential Excellent opportunity for portfolio expansion or a 1031 exchange Convenient location in Troy, Alabama

108 Anderson Rd, Troy

Listing courtesy of Roberts & Faulk Properties.

$369,000
3 Beds ⋅ 3 Baths ⋅ 793666 MLS
Welcome to Unit 5214 at The Island Reserve -- 8700 Front Beach Rd, Panama City Beach, FL 32407 Discover resort-style living in this spacious approximately 1,761 sq ft, 3-bedroom, 2.5-bath condominium -- one of the nicest units in the complex -- located in one of Panama City Beach's most desirable gated communities. Built in 2008, Island Reserve offers a true residential lifestyle with no short-term rentals permitted. Long-term rentals are allowed with a minimum lease term of 6 months and 1 day, making this an ideal primary home, second home, or long-term investment property. This unit comes furnished at full asking price (or unfurnished, if preferred). Step inside to an open, light-filled layout featuring soaring 10-foot ceilings, crown molding, designer vinyl floors and tile floors, and an inviting living/dining area that flows into a well-appointed kitchen with granite countertops and high-end designer LG appliances. The primary suite provides a private retreat with a generous walk-in closet, soaking tub, and separate shower, plus convenient access to your private balcony that offers a beautiful view of the landscape and the pool. Two additional bedrooms and a convenient half bath complete the flexible floor plan, with in-unit washer/dryer connections for everyday ease. Residents enjoy exceptional amenities just steps away: a spectacular 1-acre lagoon-style pool with waterfalls, zero-entry access, lap area, hot tub, and outdoor showers; a state-of-the-art fitness center; indoor basketball/pickleball courts; a theater room with large screen; game room; clubhouse; and lush landscaped courtyards with fountains. Garage parking and gated security add convenience and peace of mind. Located just minutes from the sugar-white sands of the Gulf of America, Pier Park shopping and dining, and other Panama City Beach attractions, Unit 5214 delivers the perfect blend of coastal convenience and upscale resort living. Experience the Island Reserve lifestyle -- schedule your private tour today.

8700 Front Beach Road Unit 5214, Panama City Beach

Listing courtesy of Home Town Realty Partners LLC.

$365,000
4 Beds ⋅ 2 Baths ⋅ 214178 MLS
PORTFOLIO OPPORTUNITY: This property is being offered as part of a cash flowing nine single-family home portfolio. Contact the listing agent for portfolio details, additional properties, and pricing.

2030 2nd Ave, Selma

Listing courtesy of eXp Realty LLC Landmark Real Estate.

$365,000
5 Beds ⋅ 2 Baths ⋅ 214179 MLS
PORTFOLIO OPPORTUNITY: This property is being offered as part of a cash flowing nine single-family home portfolio. Contact the listing agent for portfolio details, additional properties, and pricing.

1711 Alabama Ave, Selma

Listing courtesy of eXp Realty LLC Landmark Real Estate.

$799,900
558400 MLS
Excellent investment opportunity in the Brentwood subdivision in Ozark! This portfolio includes 10 townhome units across 3 buildings, offering strong rental potential and consistent income. Seller owns 4 units in Building 1, 3 units in Building 2, and 3 units in Building 3. Each townhome features a functional and desirable layout with 2 bedrooms and 1 full bath upstairs, along with a convenient half bath on the main level. The main floor also includes a spacious living area, kitchen, and dining space, plus access to a private back porch and a laundry/storage room. Brentwood subdivision amenities include a community pool for tenant enjoyment. Monthly HOA dues are $45 per unit, helping cover common area maintenance and community features. Each unit has its own electric & water meters, so each tenant is responsible for their own utilities. Don’t miss this opportunity to own a multi-unit investment property in a well-established neighborhood! Refer to attached documents.

467 E Eufaula Street, Ozark

Listing courtesy of Keller Williams Realty Southeast Alabama.

$799,900
20 Beds ⋅ 20 Baths ⋅ 214167 MLS
Excellent investment opportunity in the Brentwood subdivision in Ozark! This portfolio includes 10 townhome units across 3 buildings, offering strong rental potential and consistent income. Seller owns 4 units in Building 1, 3 units in Building 2, and 3 units in Building 3. Each townhome features a functional and desirable layout with 2 bedrooms and 1 full bath upstairs, along with a convenient half bath on the main level. The main floor also includes a spacious living area, kitchen, and dining space, plus access to a private back porch and a laundry/storage room. Brentwood subdivision amenities include a community pool for tenant enjoyment. Monthly HOA dues are $45 per unit, helping cover common area maintenance and community features. Each unit has its own electric & water meters, so each tenant is responsible for their own utilities. Don't miss this opportunity to own a multi-unit investment property in a well-established neighborhood! Refer to attached documents.

467 Eufaula St, Ozark

Listing courtesy of Keller Williams Southeast Alabama.

$2,000,000
8 Beds ⋅ 10 Baths ⋅ 793380 MLS
Brand-new construction duplex, perfectly positioned just a 3-minute stroll from the beach with no HOA! Designed for elevated living and exceptional rental performance, each townhome offers approximately 2,500 square feet of thoughtfully curated living space, featuring 4 spacious bedrooms, a bonus living area, and 4.5 designer bathrooms. Every detail has been carefully selected, from the premium luxury vinyl plank flooring and quartz countertops to the Frigidaire Gallery appliance package, designer lighting and plumbing fixtures, and commercial-grade Hayward pool equipment with private heated pools. The first floor welcomes you with a private guest suite featuring an en-suite bath, while the expansive open-concept kitchen, dining, and living areas flow seamlessly to a covered outdoor living space complete with a fireplace and private heated pool--creating the perfect setting for entertaining or relaxing after a day at the beach. The second level offers two generously sized bedroom suites, each with its own en-suite bath and walk-in closet, providing comfort and privacy for family and guests alike. The third floor serves as a private retreat, featuring a spacious bonus living room, convenient kitchenette, and access to an oversized covered balcony where you can enjoy Gulf views and coastal breezes. An additional bedroom suite with a walk-in closet and en-suite bath completes this level, while multiple flex closets throughout the home provide abundant storage or dedicated owner lockout space. Whether you're seeking a premier luxury vacation rental, a second home, or a full-time coastal residence, this exceptional property delivers the perfect combination of sophisticated design, modern amenities, and an unbeatable beachside location.

6806 Thomas Drive, Panama City

Listing courtesy of RE Florida Homes.

$1,800,000
10 Beds ⋅ 10 Baths ⋅ 793352 MLS
NO RENTAL RESTRICTIONS!!! This limited collection of vacation homes offers an exceptional opportunity to own in one of the area's most sought-after locations -- literally across the street from the sugar-white sands and shimmering Gulf waters. This home showcases spacious, open-concept designs with 4 bedrooms, 4.5 baths, and a bunk room. Enjoy high-end finishes, stylish coastal architecture, and your own private pool with a temperature control system -- the ultimate spot for relaxing or entertaining after a day at the beach. Expansive covered porches invite you to take in stunning sunrises and sunsets in true coastal style. Close to popular restaurants (walk to Schooner's), shops, golf courses, and water activities, this community also offers convenient access to Panama City proper and the Northwest Florida Beaches International Airport.

5231-5233 Thomas Drive, Panama City Beach

Listing courtesy of TH Coastal Realty.

$285,000
13 Beds ⋅ 8 Baths ⋅ 214027 MLS
Turnkey Manufactured Home Rental Portfolio – 4.52 Acres on Decatur Road, Cottonwood, AL. A rare opportunity to acquire a fully occupied, income-producing rental portfolio in one package. This offering includes four manufactured homes situated on 4.52 total acres at 2400, 2495, 2510, and 2521 Decatur Road in Cottonwood. The portfolio consists of three double-wide homes and one single-wide, several with recent updates and two that have been fully renovated. All four units are currently occupied and generating rental income. Beyond the existing homes, the acreage offers room for additional units to be placed, giving an investor the ability to expand the portfolio's income potential over time. Whether you are looking to add a stabilized cash-flowing asset to your portfolio or build out additional rental units on site, this package offers flexibility, immediate income, and long-term upside. Property Highlights: 4 manufactured homes (3 double-wide, 1 single-wide) across 4 parcels, 4.52 total acres, 100% occupied with current rental income, recent updates throughout; two homes fully renovated, additional pad space available for future home placement, and sold as a package.

2495 Decatur Rd, Cottonwood

Listing courtesy of Keller Williams Southeast Alabama.

$107,000
558277 MLS
Great investment opportunity with immediate income!! 2 units, both were completely remodeled 2026 to include new flooring, updated plumbing, new cabinets & appliances, bathrooms have new showers, toilets and vanities, plus new roof 2026. Both units are 2/1 and both units are currently rented. One unit is rented for 750.00 and the other unit is rented for 650.00 per month. All major work has been done, including placing the tenants. Call listing agent for appointment!

805 Tacoma Street, Dothan

Listing courtesy of Leisa Johnson's HomeTown Realty.

$249,000
4 Beds ⋅ 2 Baths ⋅ 792854 MLS
Turnkey Investment Opportunity Duplex at 144 &146, Start generating income immediately with this beautifully updated duplex in the heart of Springfield. Each unit has been recently remodeled and features 2 bedrooms, 1 bathroom, combined living and kitchen area, new cabinets, countertops, flooring, appliances, and fresh interior paint. Both units also include a private outdoor storage shed, adding extra convenience for tenants. Ideally located near shopping, restaurants, schools, and everyday amenities, this turnkey investment property is an excellent opportunity to add to your rental portfolio or begin investing in income-producing real estate.

144 & 146 Claire Avenue, Springfield

Listing courtesy of Realty One Group Emerald Coast.

$599,900
8 Beds ⋅ 6 Baths ⋅ 792506 MLS
UNIQUE TRIPLEX OPPORTUNITY! This sprawling 8-bedroom, 6-bathroom PCB triplex offers a rare opportunity to own a spacious property with incredible income potential just blocks from the Gulf. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or simply own a home with exceptional flexibility, this unique offering deserves a closer look. It is the perfect opportunity for an investor with vision to bring this property's true potential to life. The main floor is anchored by Apartment A, a spacious split-level 4-bedr, 2-bath home featuring a beautifully updated kitchen with white cabinets, granite countertops, stainless steel appliances, plus a converted two-car garage that creates an expansive bonus/flex space. Apartment B is a 2-bedroom, 2-bath unit on the second floor with its own separate entrance. Above, Apartment C occupies the third floor and offers another private 2-bedroom, 2-bath layout with elevated views and its own entrance. This rare opportunity is highlighted by its fantastic location in the South Lagoon. It sits just a few blocks from public beach access points off Gulf Drive, offering immediate access to the emerald waters and is even closer to the local boat ramp on the lagoon. No HOA! The expansive lot offers parking freedom, perfectly accommodating an RV, boat, or multiple vehicles. It is ideally positioned within a short stroll or golf cart ride to the marina area, beloved seafood spots, dining, and shopping options along Thomas Drive, seamlessly combining a neighborhood feel with effortless accessibility to the best local attractions. Schedule your showing today. A video tour is also available

5612 Hilltop Avenue Unit A-C, Panama City

Listing courtesy of Coldwell Banker Realty.

$745,000
8 Beds ⋅ 8 Baths ⋅ 792289 MLS
Rare Quadplex Investment Opportunity! This well maintained quadplex features an assumable 2.875% FHA mortgage (subject to lender approval and buyer qualification), offering qualified buyers the opportunity to secure an exceptional below market interest rate. The property is zoned x flood zone & Commercial Mixed Use, making it applicable for short-term rental use. Major updates include a roof replaced in 2019, and 4-Point Inspection reports are available for each unit, documenting the HVAC and plumbing. Ideally located just 7 minutes from Beach Access 2, the property is also surrounded by popular restaurants, shopping, and grocery stores, making it an attractive option for both long term tenants and vacation guests. Whether you're expanding your portfolio or seeking a versatile income producing property, this quadplex is an opportunity you won't want to miss.

133 Gwyn Drive, Panama City Beach

Listing courtesy of Keller Williams Success Realty.

$865,000
7 Beds ⋅ 6 Baths ⋅ 792225 MLS
$7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month Total income = $7100 per month. New custom landscaping and beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities. Direct views of Massalina Bayou offering serene surroundings and a true coastal lifestyle. Prime location near top shopping, dining, entertainment, and local attractions. This unique combination of parcels provides endless possibilities--multigenerational living, a fully income-producing investment, or use the carriage house a primary residence and rent out the fourplex for excellent rental income. With its unmatched flexibility, new construction quality, and breathtaking bayou views, this property checks all the boxes.

405 Massalina Drive, Panama City

Listing courtesy of Keller Williams Realty Emerald.

$385,000
792173 MLS
Fantastic turnkey multi-family property in the desired St. Andrews area. Investors take a look at this one. This multi-unit rental property includes 4 total units. Unit A is 2 bed, 1 bath; Units B, C and D are 1 bed, 1 bath. Every unit is occupied and cash-flowing monthly. Please do not disturb tenants, they are happy and love where they live. Great proximity to Downtown St. Andrews and just a few miles to Panama City Beach. All structures are solid and ready for the new owner to take over without having to do anything.

1310 Arthur Avenue, Panama City

Listing courtesy of Northwest Florida Realty, LLC.

$385,000
2 Beds ⋅ 1 Baths ⋅ 792172 MLS
Fantastic turnkey multi-family property in the desired St. Andrews area. Investors take a look at this one. This multi-unit rental property includes 4 total units. Unit A is 2 bed, 1 bath; Units B, C and D are 1 bed, 1 bath. Every unit is occupied and cash-flowing monthly. Please do not disturb tenants, they are happy and love where they live. Great proximity to Downtown St. Andrews and just a few miles to Panama City Beach. All structures are solid and ready for the new owner to take over without having to do anything.

1310 Arthur Avenue, Panama City

Listing courtesy of Northwest Florida Realty, LLC.

$589,900
5 Beds ⋅ 4 Baths ⋅ 792097 MLS
Welcome to 605 10th Street, a rare multi-unit opportunity in the heart of Port St. Joe that offers strong income potential and flexibility in how you use it. This property consists of three separate homes on one parcel and produced over $90K in rental income last year, with short-term rentals permitted. The main home is a 3BR/2BA around 1,800 sqft and was remodeled after Hurricane Michael, featuring a comfortable layout and a screened-in front porch perfect for enjoying slow mornings. With mixed-use zoning, this home could continue as a long-term rental, be used as a full-time residence, or be converted into a business space--ideal for someone looking to live or operate in PSJ. Behind the main home are two matching 1BR/1BA cottages, each roughly 500 sqft, built in 2005 and updated in 2010. Both offer a cozy living/kitchen area, private parking off the alley, and are currently operating as successful short-term rentals. A large storage shed sits at the back of the property, offering plenty of room for bikes, kayaks, tools, or owner storage. The location is tough to beat--just minutes to downtown, the marina, boat ramp, and within walking distance of the city rec park and ball fields. Whether you're looking to expand your investment portfolio, live in one unit while renting the others, or run a business with built-in income, 605 10th Street offers a versatile and highly desirable setup in one of Port St. Joe's most convenient areas. Call today!

605 10th Street, Port St Joe

Listing courtesy of 98 Real Estate Group, LLC.

$895,000
7 Beds ⋅ 6 Baths ⋅ 792048 MLS
WHAT A DEAL! Fabulous property located 1 block from the beach. Easy walk to beach access. This triplex has a 2 bedroom/2 bath downstairs and a 2 bedroom 2 bath upstairs with a private entrance. The back unit detached has a 3 Bedroom 2 bath. All have been remodeled . The detached unit is approximately 1430 Sq feet. The 2 bedroom downstairs is approximately 1258 sq feet and the upstairs unit is approximately 988 square feet. This is a perfect location for beach lovers. Close to great restaurants such as Mike's Diner and Salty Sue's. Walk to both of them. Great opportunity for someone. Huge lot 158 x 205 (.74 acres). All measurements are approximate. Lot is large enough where more units can be built on the property.

307 Sundial Street, Panama City Beach

Listing courtesy of Coastal Property Services, Inc.

$825,000
4 Beds ⋅ 6 Baths ⋅ 792017 MLS
New Construction Duplex - Panama City Beach West! Discover an exceptional opportunity to own a newly constructed duplex at 19916 Bonita Drive on the highly desirable west end of Panama City Beach. Whether you're looking to expand your investment portfolio, live in one unit while renting the other, or accommodate multi-generational living, this property offers versatility, modern design, and an unbeatable coastal location. Each residence features approximately 1,200 square feet of thoughtfully designed living space. The first floor showcases an open-concept layout where the kitchen, dining, and living areas flow seamlessly together, creating an inviting space for entertaining and everyday living. A convenient half bath and a private golf cart garage complete the main level. Upstairs, each unit offers two spacious bedrooms, both with private ensuite bathrooms for maximum comfort and privacy. The south-facing bedrooms capture a peekaboo view of the Gulf, adding a touch of coastal charm. Ceiling fans are installed throughout every room, and each bathroom is appointed with modern anti-fog illuminated mirrors, providing both style and everyday convenience. A washer and dryer are also included in each unit. Outside, enjoy ample parking for both residences and a fully fenced backyard, providing privacy and room for pets, outdoor entertaining, or relaxing after a day at the beach. Located just a short walk or golf cart ride from Beach Access #77, you'll have easy access to Panama City Beach's famous sugar-white sand and emerald-green waters. Everyday conveniences are just around the corner, including Carousel Supermarket, while Pier Park, shopping, entertainment, and local favorites including Thomas Donut & Snack Shop, Salty Sue's, Mike's Café & Oyster Bar, Back Beach Barbecue, and Dusty's Oyster Bar are all just minutes away. With modern construction, upscale finishes, thoughtful design, coastal views, and an outstanding location, this nearly completed duplex presents a rare opportunity for homeowners, second-home buyers, and investors alike.

19916 Bonita Drive, Panama City Beach

Listing courtesy of The Ketchersid Group, LLC.

$329,000
2 Beds ⋅ 2 Baths ⋅ 791898 MLS
Enjoy coastal living without the maintenance of a larger home. With 2 bedrooms and 1.5 bathrooms, the efficient layout makes excellent use of space, creating a comfortable retreat for full-time living, weekend getaways, or vacation rental potential. The kitchen features beautiful quartz countertops, adding a touch of style and durability to this inviting coastal home. Start your mornings with coffee on the screened porch, where you can enjoy the coastal breeze, and spend your days walking to the beach, soaking up the sun, or exploring all that the area has to offer such as the nearby convenience stores and local food truck courtyard. A new HVAC system installed in 2025 provides added comfort and peace of mind. Whether you're looking for an affordable beach escape, an investment property, or a low maintenance coastal residence, this home's unbeatable location and easy beach access make it a must see. Enjoy the relaxed beach lifestyle you've been dreaming of, just steps from one of Florida's most beautiful stretches of coastline.

8201 Pelican Walk Lane, Port St Joe

Listing courtesy of Forgotten Coast Realty of NW Florida LLC.

$2,199,000
10 Beds ⋅ 10 Baths ⋅ 791806 MLS
This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors -- and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control -- a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms -- one featuring built-in bunk beds perfect for families -- plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill -- the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

5237 Thomas Drive Unit A & B, Panama City

Listing courtesy of CENTURY 21 AllPoints Realty.

$425,000
3 Beds ⋅ 2 Baths ⋅ 791784 MLS
What's Special: 2 self-contained units Ample parking Mature shade trees Covered patio Walking distance to the beach Welcome to 132 San Vincente! This cottage is perfectly positioned within walking distance of the iconic white sandy beaches and several restaurants, and just 1.5 miles from Pier Park with all of its entertainment options. This property is located in a short-term rental and golf cart-friendly neighborhood. There are two self-contained units. Both Unit A and Unit B are 1-bedroom, 1-bath units with tile flooring throughout. Each unit features a pantry, ample closet space, a breakfast bar, dishwasher, washer/dryer, and plenty of shelving. Unit B also features a large carpeted, closet-lined addition with double-paned windows and a brand-new AC/heat unit. This space could be used as a bedroom, hobby room, or playroom. There is a covered patio tucked away for privacy from the street, featuring two porch swings. The property also includes a small, fully fenced backyard. Nearby Attractions: Frank Brown Park is just 2 minutes away and offers: Public swimming pool Dog park Skate park Sports facilities Playground Home of Gulf Coast Jam Conservation Park is 5 minutes away and boasts: 24 miles of walking and biking trails 2,900 acres of natural beauty Pine forests, wetlands, and cypress domes This home features a metal roof. Recent upgrades within the last 5 years include: New HVAC system in Unit B New water heater in Unit A New refrigerator and dishwasher in Unit A Expand your investment portfolio or enjoy a beachside getaway that could help pay for itself. Live in one unit and rent the other, or maximize income potential with short-term rentals in this highly desirable beach community.

132 San Vincente Street, Panama City Beach

Listing courtesy of Anchor Realty Florida.

$1,500,000
791716 MLS
Turnkey Multi-Family Investment Opportunity - 8 Units in the Heart of Panama City Exceptional opportunity to own four duplexes consisting of eight total units, each featuring 2 bedrooms and 2 bathrooms, ideally located in central Panama City with convenient access to shopping, dining, schools, medical facilities, and major roadways. Following Hurricane Michael, these properties were taken down to the concrete block walls and studs and completely rebuilt, offering the benefits of modern construction and major system upgrades throughout. Improvements include: New roofs New PVC plumbing from fixtures through the slab and out to the exterior PEX water lines throughout Spray foam insulation on the roof deck for enhanced energy efficiency New HVAC systems and ductwork New appliances All new sheetrock New plumbing fixtures New lighting fixtures New electrical service and wiring New flooring throughout Indoor laundry rooms in every unit Strong Income-Producing Asset Monthly Gross Income: $12,000 Annual Gross: $143,700 All eight units are currently leased, making this a true turnkey investment with immediate cash flow and minimal deferred maintenance. Opportunities to acquire a fully renovated, stabilized multi-family portfolio in this location are rare. Whether you're expanding your rental portfolio or seeking a high-demand income property, this offering checks all the boxes

810 E 25th Street, Panama City

Listing courtesy of Chesnut Realty, Inc.