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$695,000
791536 MLS
Welcome to 119 College Avenue, an exceptional income-producing property featuring six rental units in a well-maintained, recently remodeled setting, currently generating approximately $83,460 in gross annual income. Situated on a spacious 0.4-acre corner lot in Flood Zone X (no flood insurance required), the property consists of four total buildings, all with newer 30-year dimensional shingle roofs installed in 2019. The primary residence has been fully renovated down to the studs and rebuilt with quality finishes throughout, offering three separate rental units (Units 1, 2, and 3) totaling 8 bedrooms and 5 bathrooms, along with a welcoming front porch, three new HVAC systems, and updated kitchens with new appliances. Unit 1 is a 3-bedroom, 2-bath upstairs unit rented for $1,290/month, featuring a private entrance to the primary suite, oversized laundry room, new LVP flooring, updated kitchen and baths, and two living areas. Unit 2 is a 3-bedroom, 2-bath downstairs unit rented for $1,450/month, offering a split floor plan, spacious living area, and new LVP flooring throughout. Unit 3 is a 2-bedroom, 1-bath rear apartment rented for $1,000/month. In addition to the main house, the property includes three detached single-family homes: Unit 7, a 3-bedroom, 2-bath unit with a utility/storage area rented for $1,100/month; Unit 5, a 2-bedroom, 1-bath unit rented for $990/month; and Unit 6, a 2-bedroom, 1-bath unit rented for $1,125/month and extensively remodeled. Altogether, the property offers 15 bedrooms and 9 bathrooms across six income-producing units. All rentals are professionally managed by ERA Property Management, making this a seamless, turnkey investment opportunity. Floor plans are available in the Documents section and photo gallery. Schedule your private showing today to explore the full potential of this multi-unit property.

Panama City

Listing courtesy of ERA Neubauer Real Estate, Inc.

$1,195,000
8 Beds ⋅ 4 Baths ⋅ 791403 MLS
***ATTENTION INVESTORS*** Spectacular and Modern ''Miami style'' Beach Income producing Quadplex with Top-of-the-line finishes (Over $300K in upgrades) ... 8Beds/4Baths Fully rented in Panama City Beach! Only a few steps from Beach access in the best side of town. The nicest Beachfront restaurants, Beach clubs, Shopping, Parks, convenience stores, and much more! Brand new everything: New impact windows/doors, new A/C units, Calacatta Tile flooring, Kitchen cabinets, White Quartz countertops, recessed lighting, gorgeous showers, Stainless steel appliances, freshly painted, washer/dryer inside the units! Very easy to show, call now...it won't last!!!

3908 Ocean View Drive Unit A, Panama City Beach

Listing courtesy of Red Real Estate Associates, LL.

$479,000
8 Beds ⋅ 10 Baths ⋅ 791362 MLS
Turn key quadplex in a great central location convenient to Highway 98. Each townhouse is 2 beds, 1.5 baths. Property boasts a new metal roof after Hurricane Michael and an excellent rental history. Owner responsibilities are limited with each unit being separately metered for water and electric with residents paying their own utilities. Live in one and rent out the rest to or rent all 4 for a cash flow machine!

1512 Kraft Avenue, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$600,000
790972 MLS
Residential Mobile Home Park / Development Opportunity! Cleared 2.61-acre property on N Star Ave with excellent development potential. Per county information, the property may accommodate up to 32 single-family dwellings, subject to applicable approvals and development order, with city water and sewer connections estimated at approximately $40,000. The sale includes both 333 N Star Ave and 401 N Star Ave, consisting of two parcels totaling 2.61 acres. The property currently features two brand-new Fleetwood mobile homes, along with a new well, septic system, and power poles. One home is a 3-bedroom, 2-bathroom, 1,040-square-foot Fleetwood single-wide, and the other is a 4-bedroom, 2-bathroom, 2,128-square-foot Fleetwood double-wide. The two homes alone represent approximately $300,000 in cost. Conveniently located directly behind Callaway Elementary School and just minutes from restaurants, shopping, and everyday amenities. Whether you're looking to establish an income-producing residential portfolio or capitalize on future development potential, this property offers a unique opportunity. Buyer to verify all zoning, development, utility, and permitting information with the appropriate county and municipal authorities.

333 N Star Avenue, Panama City

Listing courtesy of Coldwell Banker Realty.

$1,600,000
790876 MLS
SUPER INCOME PRODUCING OPPORTUNITY - 14 Unit Apartment Complex (4 Buildings). GREAT VALUE ADD OPPORTUNITY. Centrally located between Tyndall Air Force Base and Panama City, and near Panama City Beach. Apartments breakdown includes 8 units at 800± Sq. Ft. with outside 64± Sq. Ft. laundry room and 6 units at 1,100± Sq. Ft. with indoor laundry. Recent improvements include new roofs in April 2026 on all buildings and freshly painted eves, soffits and entryways. The owners have taken special care with maintenance and repairs over many years of their ownership. All inspections and repairs reports, along with financial reports are available for review, with execution of a Non-Disclosure Agreement (NDA) by all prospective purchasers and their agents prior to releasing the reports and financial documents packages. All apartments are currently 100% occupied.

114 S Highway 22 A Unit 114 (1-8) & 118 (1-6), Panama City

Listing courtesy of Counts Real Estate Group.

$589,999
4 Beds ⋅ 2 Baths ⋅ 790852 MLS
Experience coastal living at its best with this beautifully maintained duplex just steps from Beach Access #5 and the stunning sugar-white shoreline along the Gulf. Offering a total of four bedrooms and two full baths, the property is configured as two private residences, each featuring two bedrooms and one bathroom, creating an excellent flexibility for personal use, vacation rentals, or long-term tenants. Perfect for those seeking an income-producing property or a beach getaway with added earning potential, this fully furnished duplex is move-in and rental ready from Day One. Outside, the enclosed backyard offers a private setting ideal for pets, entertaining, or unwinding after a day at the beach, while the outdoor fire pit creates a welcoming atmosphere for evening gatherings. Located in a highly sought-after beach community, this property presents an outstanding opportunity for investors and second-home buyers alike. Occupy one side while generating revenue from the other or maximize returns by leasing both units. Opportunities like this are rare in such a prime coastal location. All measurements, details, and information should be verified by buyer and/or buyer's representative.

5220 Beach Drive, Panama City

Listing courtesy of LoKation Real Estate.

$1,500,000
24 Beds ⋅ 18 Baths ⋅ 213375 MLS
Turnkey Investment Portfolio | 8 Tenant-Occupied Single-Family Homes | Dothan, AL Rare opportunity to acquire a fully stabilized, income-producing portfolio of eight single-family homes strategically located just outside the Dothan city limits in Houston County. All 8 homes are currently tenant-occupied with a near-zero vacancy history. When a unit turns, multiple applications arrive within days. The portfolio features a diverse property mix of 6 single-story and 2 two-story homes, each on its own separate parcel, offering a future buyer maximum flexibility for individual resale or refinancing. Property is Owner-managed using a digital property management platform, no traditional management company fees. Located minutes from Dothan's shopping, dining, medical centers, and major employers including Ft. Novosel and Southeast Health — two of the most significant and stable demand drivers in the Wiregrass region. County location means lower property taxes while tenants enjoy full access to city conveniences. Houston County home values are up 8.5% year-over-year, making this a strong appreciation market with sustained rental demand. This is a turnkey, performing asset with a proven tenant base and ready to cash flow from day one. Serious inquiries only. Financials, rent rolls, and lease agreements available upon request to verified buyers. Do not disturb tenants. Showings by appointment only with proof of funds or lender qualification.

2300 Middleton Rd, Dothan

Listing courtesy of Berkshire Hathaway HomeServices Showcase Properties.

$339,000
3 Beds ⋅ 2 Baths ⋅ 213355 MLS
A fully occupied duplex for sale! Great for any investor and located in a wonderful area. This duplex has mirrored sides with 3 bedrooms and 2 baths in each side. It offers LVP flooring and granite counter tops. There's a fenced in back yard and it is pet friendly.

503 S State Hwy 109, Dothan

Listing courtesy of Weichert Realtors JBR Legacy Group.

$895,000
3 Beds ⋅ 3 Baths ⋅ 790597 MLS
Closest home to the main resort-style pool in North Prominence, making this beautifully furnished 3BR/2.5BA townhome a true guest favorite. Sold fully furnished and with a 6-seater golf cart, this property offers easy access to nearby South Walton public beach access points, including popular Deer Lake State Park and Santa Clara Regional Beach Access. Inside, the home features a bright open-concept living, dining, and kitchen area with comfortable coastal furnishings, a spacious gathering area, a well-equipped kitchen with ample cabinetry and counter space, generously sized bedrooms, 2.5 baths, a private balcony, full-size laundry room with washer/dryer, and a 2-car garage. Located less than a 5-minute walk to The Big Chill--30A's lively town center with family activities, restaurants, boutique shops, live music, movies on the green, sporting events on the Megatron TV, Luke Bryan's cigar and gastro pub. and much more. Prominence offers outstanding amenities including two resort-style pools, one heated seasonally, zero-entry pool access, grilling areas, open green spaces, onsite ice machine, and access to 17+ miles of bike paths along 30A. Perfectly positioned between Seaside/Seagrove and Alys/Rosemary Beach, with Pier Park about 20 minutes away, this home offers strong rental appeal in one of 30A's most sought-after communities. *Golf Cart Details: The golf cart is a Low Speed Vehicle that goes up to 35mph. It is a 2021 Aetric 6 seater with seat belts, turn signals, etc. It is street legal and registered. *All information provided is deemed reliable but is not guaranteed and should be independently verified by buyers and buyers' agents. Measurements, square footage, lot size, HOA information, school assignments, zoning, and other property details are subject to change and should be confirmed by the purchaser.

11 E Pine Lands Loop Unit B, Watersound

Listing courtesy of Foundation Real Estate Agency LLC.

$578,000
6 Beds ⋅ 6 Baths ⋅ 790574 MLS
Serious price improvement. The numbers make great sense, solid ROI. Add to your portfolio today! Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

116 Springfield Avenue, Panama City

Listing courtesy of Beachy Beach Real Estate.

$578,000
790575 MLS
Serious price improvement. The numbers make great sense, solid ROI. Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged

116 Springfield Avenue, Panama City

Listing courtesy of Beachy Beach Real Estate.

$209,999
5 Beds ⋅ 3 Baths ⋅ 790461 MLS
Historic Craftsman Gem in Downtown Marianna, FL! Discover this beautiful 5-bedroom, 3-bathroom Craftsman-style home built in 1915, located right in the heart of downtown Marianna, Florida. In a growing community, this property offers a fantastic investment opportunity. Full of historic character and timeless charm, the home is priced to reflect the updates needed and presents excellent potential for a thoughtful remodel to restore its original beauty. As you enter, you are greeted by a large living room with a cozy sitting area, followed by a spacious formal dining room ideal for entertaining and a kitchen with plenty of cabinet space. The first floor features three large bedrooms, one with its own private bathroom, plus a versatile office that can easily serve as an additional bedroom. Upstairs, two long enclosed bedrooms share a large bathroom in the hallway that connects them. Additional features include a wheelchair-accessible ramp, a converted garage for ample storage, and a large wooden deck overlooking a secluded, shady backyard--perfect for enjoying morning coffee or watching the local wildlife in the afternoons. Situated on busy Highway 90 with excellent visibility and accessibility, this property benefits from a prime location. Marianna is home to the stunning Florida Caverns State Park and the crystal-clear Blue Springs at Merritt's Mill Pond. It is also just one hour from the world-famous white-sand beaches of Panama City Beach. This versatile 1915 Craftsman combines historic appeal with strong income potential, making it ideal as a primary residence, bed and breakfast, Airbnb vacation rental, or commercial office space in a growing market. A rare opportunity to restore and profit from a classic downtown property. Contact us today to schedule a private showing!

4305 Lafayette Street, Marianna

Listing courtesy of Chipola Realty.

$599,000
9 Beds ⋅ 6 Baths ⋅ 790460 MLS
Excellent investment opportunity to own a fully occupied triplex generating immediate rental income. Each of the three units offers approximately 1,300 square feet and features 3 bedrooms and 2 full bathrooms. Units include private driveways, individual backyard spaces, galley-style kitchens, and open living areas. Functional floor plans provide comfortable living arrangements that appeal to long-term tenants.

726 Detroit Avenue, Panama City

Listing courtesy of Realty One Group Emerald Coast.

$200,000
4 Beds ⋅ 2 Baths ⋅ 213270 MLS
THE OFFICE IN FRONT AND DUPLEX IN THE BACK ALL GO TOGETHER ($200,000 FOR ALL) This is a duplex with 2 separate apartments. One apartment is occupied by a tenant and has 3 bedrooms, 1 bathroom, a garage, a deck off of the master, storage underneath. The 2nd apartment is vacant and has 1 bed, 1 bath and has been updated with new flooring, paint, appliances. There is also an office in front of the duplex that is a part of this property. Agent used AI to make the photos brighter.

912 S Oates St, Dothan

Listing courtesy of Coldwell Banker/Alfred Saliba.

$1,100,000
5 Beds ⋅ 5 Baths ⋅ 790039 MLS
Welcome to S Lagoon waterfront living, where investment potential, lifestyle, and flexibility come together in one beautifully updated 3-in-1 property, Pontoon conveys. Positioned directly on the water with two boat slips and a boat lift, this rare opportunity is ideal for boating enthusiasts, short-term or long-term rental income, multi-generational living, the ultimate house hacking. The main upstairs furnished dwelling features 3 bedrooms, 2.5 baths, and a spacious three-quarter wraparound balcony designed to capture breezes, water views, and the relaxed coastal lifestyle. The property has been completely updated and remodeled, offering peace of mind with all new modern interior design in 2020, Hardie board exterior in 2022, plus roof, windows, and doors updated in 2019. This level offers wide open living with windows all the way around bring the outdoors in. Almost feel like you're walking on water. The open concept means whether in the living room, kitchen of dining, the lagoon is living breathing art. In addition to the main residence, there are two separate 1-bedroom units on the main level. The waterfront apartment is fully furnished and features its own covered deck overlooking the lagoon, creating a charming retreat for guests, parents in their golden years, or rental income (short term, or long term). The second 1-bedroom unit is located street side, offering even more flexibility for extended family, tenants, or owner-occupant income potential. Whether you envision a waterfront primary residence with income-producing units, a multi-generational coastal compound, or a smart investment property in a highly desirable location, this S Lagoon property delivers rare versatility, updated design, peace of mind of a renovation, and the boating lifestyle Florida is made of.

6722 S Lagoon Drive, Panama City

Listing courtesy of Beachy Beach Real Estate.

$1,575,000
790023 MLS
Introducing an exceptional investment opportunity featuring a newly constructed 5-plex built in 2025, offering modern design, strong income potential, and low-maintenance ownership. Even better, the entire development is fully occupied with long-term tenants already in place, providing immediate income and a true turnkey investment opportunity from day one. Each spacious unit features 3 bedrooms, 2 bathrooms, approximately 1,677 square feet, and an attached 1-car garage, creating an ideal setup for stable long-term rental demand and strong occupancy potential. These thoughtfully designed units showcase upscale finishes throughout, including oversized open-concept living spaces, luxury vinyl plank flooring, recessed lighting, modern fixtures, and beautifully appointed kitchens with custom cabinetry, stainless steel appliances, oversized islands, and warm butcher block countertops. The bathrooms offer a high-end contemporary feel with custom vanities, designer lighting, vessel sinks, designer mirrors, and stunning tiled walk-in showers with frameless glass enclosures. Built with today's renter in mind, each residence offers spacious layouts, modern coastal-inspired exteriors, private garage parking, and stylish, durable finishes designed for long-term appeal and minimal upkeep. The property also features ample parking, attractive curb appeal, and a clean, modern aesthetic that sets it apart from typical multifamily offerings. Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or secure a high-performing multifamily asset, this fully leased, turnkey development offers a rare opportunity to own a brand-new income-producing property with immediate cash flow and modern construction advantages.

5333-5345 Cherry Street, Panama City

Listing courtesy of Coldwell Banker Realty.

$695,000
15 Beds ⋅ 9 Baths ⋅ 789830 MLS
Welcome to 119 College Avenue, an exceptional income-producing property featuring six rental units in a well-maintained, recently remodeled setting, currently generating over $82,000 in gross annual income. Situated on a spacious 0.4-acre corner lot in Flood Zone X (no flood insurance required), the property consists of four total buildings. The primary residence featuring three units has been fully renovated down to the studs and rebuilt with quality finishes throughout, offering three separate rental units (Units 1, 2, and 3) totaling 8 bedrooms and 5 bathrooms, along with a welcoming front porch, three new HVAC systems, and updated kitchens with new appliances. Unit 1 is a 3-bedroom, 2-bath upstairs unit rented for $1,290/month, featuring a private entrance to the primary suite, oversized laundry room, new LVP flooring, updated kitchen and baths, and two living areas. Unit 2 is a 3-bedroom, 2-bath downstairs unit rented for $1,450/month, offering a split floor plan, spacious living area, and new LVP flooring throughout. Unit 3 is a 2-bedroom, 1-bath rear apartment rented for $1,000/month. In addition to the main house, the property includes three detached single-family homes: Unit 7, a 3-bedroom, 2-bath unit with a utility/storage area rents for $1,000/month; Unit 5, a 2-bedroom, 1-bath unit rented for $990/month; and Unit 6, a 2-bedroom, 1-bath unit rented for $1,125/month and extensively remodeled. Altogether, the property offers 15 bedrooms and 9 bathrooms across six income-producing units. All rentals are professionally managed by ERA Property Management, making this a seamless, turnkey investment opportunity. Floor plans are available in the Documents section and photo gallery. Schedule your private showing today to explore the full potential of this multi-unit property.

119 College Avenue, Panama City

Listing courtesy of ERA Neubauer Real Estate, Inc.

$1,300,000
12 Beds ⋅ 12 Baths ⋅ 789738 MLS
Beautiful complex of 6 apartments built in 2024. 2 bedrooms and 2 bathrooms for each apartment, Excellent acquisition, modern and in a good area, close to hospitals, restaurants, schools, shops, beaches and more.

528 Kraft Avenue Unit A,B,C,D,E,F., Panama City

Listing courtesy of AMERICAN REALTY of Bay Co, Inc.

$574,999
3 Beds ⋅ 3 Baths ⋅ 789582 MLS
This has one has it all. From Location, desired GOLF Side, and MOVE IN READY - NEVER RENTED - Furnishings Negotiable, Press a button and your porch becomes Screened in creating extended outside living space even more enjoyable ! This beautifully appointed 2-story residence offers 3 bedrooms, 2.5 baths, and a 1-car garage, 2 in the driveway, all just moments from the vibrant Watersound Town Center with shopping, dining, green spaces, and community events right at your fingertips. Inside, the open-concept floor plan features stylish LVP flooring throughout the main living areas and a spacious island kitchen complete with Quartz countertops, sleek appliances, and plenty of room for gathering and entertaining. Elegant furnishings throughout the home may be negotiated with an acceptable offer, making this an easy turnkey opportunity. Golf course location in the Villas on the Fairway, a thoughtfully designed townhome community within the highly sought-after Watersound Origins neighborhood. Enjoy the Watersound Origins amenities which are like country club benefits without the country club price tag!

45 Golden Bell Court Unit 45C, Panama City Beach

Listing courtesy of Corcoran Reverie.

$760,000
8 Beds ⋅ 12 Baths ⋅ 789241 MLS
Brand-New Quadruplex Across from MLK Recreation Center - Panama City, FL Prime investment opportunity in Panama City, Florida. This newly constructed quadruplex features four spacious 2-bedroom, 2-bathroom units (8 bedrooms / 12 bathrooms total) and is located directly across from the newly developed Martin Luther King Jr. Recreation Center. The 30,000+ square-foot recreation facility enhances long-term rental demand with amenities including indoor and outdoor basketball courts, gymnasium space, STEM labs, recording studio, playground, and community programming -- making this an attractive location for tenants. This property offers: • Brand-new construction • Modern layouts with strong rental appeal as each Bedroom has its own full bathroom• Low-maintenance design, with garage • High-demand infill location Ideal for buy-and-hold investors, 1031 exchange buyers, or portfolio expansion in the growing Bay County market. Each unit has been subdivided and has its own parcel id number for easy breakout if the units were to be sold independently. Each has its own water and electrical meter. Rental rates around $1700 each. Expected Cap Rate 7-8%.

1421 Martin Luther King Junior Boulevard Unit A-D, Panama City

Listing courtesy of JC Real Estate Group, LLC..

$450,000
6 Beds ⋅ 4 Baths ⋅ 789006 MLS
Beautiful Newly b built duplex, ready to make it your main or home between families or to turn it into your acquisition for rents. Each duplex has 3 bedrooms and 2 bathrooms, modern kitchen, beautiful bathrooms, a large back yard. Near mall, near 23ST WHERE SCHOOLS, SUPERMARKETS AND DEPARTMENT STORES ARE LOCATED. Just 20 minutes from the best beaches in this area. Don't miss this opportunity.

2826 La Mesa Avenue Unit 2826/ 2828, Panama City

Listing courtesy of AMERICAN REALTY of Bay Co, Inc.

$496,000
6 Beds ⋅ 4 Baths ⋅ 787848 MLS
Investment Opportunity on 100x160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

803 Oak Avenue, Panama City

Listing courtesy of Local Insight Realty.

$674,900
4 Beds ⋅ 2 Baths ⋅ 787831 MLS
Investment opportunity in the desirable Gulf Vista community on the west end of Panama City Beach! This fully occupied duplex offers immediate rental income and exceptional future potential. Situated on a large lot with room to expand, add additional improvements, or create enhanced outdoor living spaces, this property offers flexibility that goes beyond a typical duplex investment. Ideal for an owner-occupant looking to offset expenses by living in one unit while generating income from the other, this property presents a rare opportunity in a highly sought-after coastal location. One standout feature of this location is its proximity to the secluded beach access at the south end of Lakeview Drive--an undeveloped stretch of coastline with no homes built directly on the beach, offering a more natural, quiet, and uncrowded beach experience that is increasingly hard to find. BOTH UNITS NOW FEATURE FRESH INTERIOR PAINT AND BRAND NEW CARPET. Each unit features a functional two-bedroom, one-bath layout with numerous updates over the years, including new windows in 2018 and renovations completed in 2021. Unit 21106 received a new water heater in 2025. In 2026, Unit 21104 was further improved with an updated bathroom, new kitchen flooring, and updated appliances, including a washer, dishwasher, range, and hood. Positioned on the west end of Panama City Beach, this property offers convenient access to the dining, shopping, and charm of Scenic Highway 30A while remaining just a short drive to Pier Park to the east--truly offering the best of both lifestyles.

21104 S Lakeview Drive, Panama City Beach

Listing courtesy of The Premier Property Group.

$554,900
6 Beds ⋅ 3 Baths ⋅ 787586 MLS
Great investment opportunity in the desirable South Lagoon area! This well-located triplex offers the ideal combination of coastal living and steady income potential, just a short stroll from the sugar-white sands and nearby boat ramps. Conveniently situated near Grand Lagoon and St. Andrews State Park, with easy access to charter fishing, marinas, and popular local dining, this property is perfectly positioned to attract both long-term tenants and future vacation renters. Each of the three units features 2 bedrooms and 1 bathroom, with bright, open-concept layouts that provide comfortable and functional living spaces. The property is currently fully occupied with long-term leases in place, offering immediate and reliable rental income from day one. Whether you're looking to expand your portfolio, secure a coastal investment, or explore future short-term rental potential, this South Lagoon triplex delivers strong upside in a highly sought-after location. ALL SIZES AND MEASUREMENTS ARE APPROXIMATE. IF IMPORTANT, PLEASE VERIFY. Photos of interior are of Unit C.

6218 Hilltop Avenue Unit A,B,C, Panama City

Listing courtesy of Solis Real Estate of Florida.

$175,000
212427 MLS
Over 3.33 acres with existing mobile homes. Perfect for investors, expansion, or personal use. Property offers flexibility and opportunity in a convenient size.

1251 Davis Mill Rd, Slocomb

Listing courtesy of ERA Porch Light Properties, LLC.

$175,000
212426 MLS
Over 7.28 acres of land with existing mobile homes. Whether you're looking to invest, develop, or create your own space, this property offers plenty of potential and room to grow.

680 Pine Acres, Newton Al, Newton

Listing courtesy of ERA Porch Light Properties, LLC.

$650,000
787447 MLS
Prime Commercial Property Near Downtown - 10 Bedrooms, 8 Baths, Over 3,000 Sq. Ft. Exceptional opportunity to own or invest in a spacious commercial building offering over 3,000 square feet on a 0.27-acre lot, ideally located just minutes from Downtown, major shopping centers, and the hospital. This versatile property features 10 bedrooms and 8 baths, ready to adapt to a variety of commercial or mixed-use purposes. The layout allows for private offices, client suites, or guest accommodations, complemented by generous common areas and potential on-site parking. The building's solid structure and flexible floorplan make it an excellent fit for professional offices, medical or wellness practices, boutique lodging, or assisted living. With its high-visibility location, convenient access, and ample surrounding amenities, this property offers the perfect balance of functionality and growth potential. Highlights: 3,000+ sq. ft. commercial building 10 bedrooms / 8 bathrooms 0.27-acre lot with expansion or parking potential Minutes from Downtown, hospital, and shopping Ideal for office, medical, hospitality, or mixed-use Don't miss this rare opportunity to establish your business in one of the area's most convenient and thriving locations. Listing is for Both Properties 722 Martin Luther King & 722 1/2 MLK

722 N Martin Luther King Junior Boulevard, Panama City

Listing courtesy of Keller Williams Success Realty.

$560,000
4 Beds ⋅ 2 Baths ⋅ 787130 MLS
Discover the perfect blend of coastal living and income potential in this beautifully maintained home just steps from the beach in Port St. Joe! This 2,048 sq ft heated and cooled property features two fully self-contained units, each offering 2 bedrooms, 1 bathroom, full kitchens, and spacious living areas--ideal for short-term rentals, long-term income, or multi-generational living. Live in one unit and rent the other, or maximize returns by renting both! Situated less than two blocks (approximately 300 yards) from the beach, you'll enjoy quick and easy access via a dedicated beach access at the end of the street. The downstairs unit includes a fully enclosed sunroom, perfect for relaxing year-round, while the upstairs boasts a spacious deck with beautiful views. Accessibility is a standout feature, with a $10,000+ exterior lift providing easy access to the upper level. Recent updates and highlights include: New roof (2019) Durable Hardie board siding Whole-home generator Updated paver driveway and walkways Two 12x20 metal storage sheds Located just outside the flood zone (no flood insurance required) The property is framed by stunning oak trees, giving it incredible curb appeal and a true coastal charm. Whether you're searching for a primary residence, vacation home, or income-producing property, this one checks all the boxes. Don't miss your opportunity to own a versatile beachside property with built-in income potential--schedule your showing today!

248 Ponce De Leon Street, Port St Joe

Listing courtesy of Real Broker LLC.

$650,000
786967 MLS
Unlock the potential of this versatile Commercial High Intensity property - located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel / multi family, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to restore a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.

604 Fernwood Street, Panama City Beach

Listing courtesy of Think Real Estate.

$650,000
7 Beds ⋅ 6 Baths ⋅ 786962 MLS
Unlock the potential of this versatile income-producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Guests and tenants will enjoy the on-site swimming pool, creating an attractive amenity for vacation or long-term occupancy. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.

604 Fernwood Street, Panama City Beach

Listing courtesy of Think Real Estate.