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''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2026! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14x24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV's. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ''Making Waves'' is a premiere gulf front home with a proven rental record! You must come see it for yourself!

9 Beds ⋅ 7 Baths ⋅ 784135 MLS

''INVESTMENT PROPERTY'' This beautiful Private Beach home is a money maker! It has produced over $400k in rentals a year over the last four years. It is already booked at 70% for 2026! The location is great in the heart of all the attractions in Panama City Beach! The home has a 14x24 heated pool, hot tub , and over 2000sq ft of back deck to enjoy. You can walk off the back deck right into the beautiful white sand, and into the gulf! Home also boasts plenty of parking for boats, motorcycles, or RV's. With 9 bed rooms and 7 bathrooms there is room for the entire family! King size beds are in seven of the nine bedrooms, and almost every room has a beautiful view of the gulf. Home has a Large open area for entertaining and Gourmet Kitchen. There is also a separate Media/Game room for the kids upstairs with game table and large flat screen TV. ''Making Waves'' is a premiere gulf front home with a proven rental record! You must come see it for yourself!

5409 Gulf Drive, Panama City

Listing courtesy of Beach Time Realty, Inc.

11832 Front Beach Road, Panama City Beach

$4,900,000

PRIME FRONT BEACH ROAD COMMERCIAL REDEVELOPMENT OPPORTUNITY IN THE HEART OF PANAMA CITY BEACH. Located at 11832 Front Beach Road, this highly visible property offers approximately 158.5 feet of frontage along Front Beach Road and approximately 0.57 acres, positioned between two of Panama City Beach's major north-south corridors, Richard Jackson Boulevard and Alf Coleman Road. The property is currently improved with an approximately 10,416-square-foot commercial building, including approximately 9,600 square feet of HVAC space. Portions of the building are currently occupied and generating activity, including an operating golf cart and Slingshot rental business and an additional tenant. Other portions of the building are presently unused due to roof damage. The property is currently identified as CH - Commercial High Intensity, providing an opportunity for an investor, owner-user, or developer to evaluate a variety of potential commercial and redevelopment uses, subject to verification and approval by the appropriate governmental authorities. With its substantial Front Beach Road frontage, high-visibility location and proximity to established commercial businesses, resorts, restaurants, entertainment venues and beach access, this site may be particularly attractive for future redevelopment. Potential concepts could include a larger commercial project, mixed-use development, hospitality or condominium-related development with ground-floor retail, subject to zoning, density, height, parking, access, storm water and other applicable development requirements and governmental approvals. The property also benefits from its location directly across Front Beach Road from currently undeveloped property, creating additional visibility from the roadway. Front Beach Road improvements and future right-of-way considerations should be independently verified. The Seller is currently working to obtain additional information regarding the anticipated Front Beach Road widening and its potential impact on the property. The offering includes real estate, lease interests, inventory and FF&E, as applicable to the transaction and subject to clarification by Seller. This is an opportunity to acquire a substantial commercial site along one of Panama City Beach's primary tourism and commercial corridors, with the ability to benefit from the property's current use while evaluating its longer-term redevelopment potential. Property is occupied. Please do not disturb tenants or operating businesses. Showings are by appointment only.

783903 MLS

PRIME FRONT BEACH ROAD COMMERCIAL REDEVELOPMENT OPPORTUNITY IN THE HEART OF PANAMA CITY BEACH. Located at 11832 Front Beach Road, this highly visible property offers approximately 158.5 feet of frontage along Front Beach Road and approximately 0.57 acres, positioned between two of Panama City Beach's major north-south corridors, Richard Jackson Boulevard and Alf Coleman Road. The property is currently improved with an approximately 10,416-square-foot commercial building, including approximately 9,600 square feet of HVAC space. Portions of the building are currently occupied and generating activity, including an operating golf cart and Slingshot rental business and an additional tenant. Other portions of the building are presently unused due to roof damage. The property is currently identified as CH - Commercial High Intensity, providing an opportunity for an investor, owner-user, or developer to evaluate a variety of potential commercial and redevelopment uses, subject to verification and approval by the appropriate governmental authorities. With its substantial Front Beach Road frontage, high-visibility location and proximity to established commercial businesses, resorts, restaurants, entertainment venues and beach access, this site may be particularly attractive for future redevelopment. Potential concepts could include a larger commercial project, mixed-use development, hospitality or condominium-related development with ground-floor retail, subject to zoning, density, height, parking, access, storm water and other applicable development requirements and governmental approvals. The property also benefits from its location directly across Front Beach Road from currently undeveloped property, creating additional visibility from the roadway. Front Beach Road improvements and future right-of-way considerations should be independently verified. The Seller is currently working to obtain additional information regarding the anticipated Front Beach Road widening and its potential impact on the property. The offering includes real estate, lease interests, inventory and FF&E, as applicable to the transaction and subject to clarification by Seller. This is an opportunity to acquire a substantial commercial site along one of Panama City Beach's primary tourism and commercial corridors, with the ability to benefit from the property's current use while evaluating its longer-term redevelopment potential. Property is occupied. Please do not disturb tenants or operating businesses. Showings are by appointment only.

11832 Front Beach Road, Panama City Beach

Listing courtesy of RC Real Estate Group.

$2,000,000

Positioned just east of the highly sought-after Hammock Bay community in Freeport, Florida, this 32-acre tract offers a prime opportunity for multifamily residential development or long-term investment. With proximity to top-rated schools, emerging commercial centers, and scenic coastal amenities, the property benefits from strong growth trends in Walton County. Its location near one of the region's most successful master-planned communities makes it an ideal site for future residential expansion, estate homes, or a strategically phased development project. 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.

783720 MLS

Positioned just east of the highly sought-after Hammock Bay community in Freeport, Florida, this 32-acre tract offers a prime opportunity for multifamily residential development or long-term investment. With proximity to top-rated schools, emerging commercial centers, and scenic coastal amenities, the property benefits from strong growth trends in Walton County. Its location near one of the region's most successful master-planned communities makes it an ideal site for future residential expansion, estate homes, or a strategically phased development project. 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.

941 W Florida 20 Highway, Freeport

Listing courtesy of NAI TALCOR.

$3,390,000

A Grayton Beach rarity: Western Lake views, a private guest cottage, a resort-style pool, and projected rental income of up to $373,000 annually combine to create a property as versatile as it is unforgettable. Timeless Grayton Beach character meets thoughtful modern renovation in this rare dual-residence offering just steps from Western Lake, the shoreline, and the heart of one of 30A's most storied beach villages. Originally built in 1970 and extensively reimagined, the property pairs a gracious main home with a fully detached private cottage, creating flexibility for hosting, multigenerational living, or income potential without sacrificing privacy or charm. The main residence spans approximately 2,910 square feet with five bedrooms and four-and-a-half baths across three levels. Recent updates include a fully redesigned kitchen, renovated bathrooms, fresh interior paint, new flooring, updated wiring and plumbing, two HVAC systems, new appliances, and a new roof. From the inviting front porch, morning coffee is enjoyed with tranquil views toward Western Lake. Inside, the first floor opens to a generous living and dining area that flows seamlessly into the kitchen, which offers ample space for an island and connects to a comfortable sitting or game room. A mudroom off the kitchen adds a half bath, a full-sized laundry, and direct access to the side yard for grilling. Two first-floor bedrooms feature updated ensuite baths, while a rear hallway leads directly to the backyard. Upstairs, the second level offers two additional bedrooms and two full baths. The third floor serves as a flexible retreat or bedroom, highlighted by a striking wood A-frame ceiling with access to the large balcony. The detached cottage provides approximately 560 square feet with one bedroom, one full bath, a family room, a full kitchen, a laundry room, an outdoor shower, and a separate entrance. With a new roof and alley access, the cottage allows easy movement to the beach, lake, and dining while remaining discreetly set apart from the main home. Outdoor living is equally compelling, with a spacious backyard ready for relaxed afternoons, a newly added private pool, curated hardscape, and lush landscaping. After a day on the water, rinse off at the outdoor shower or unwind in one of several private seating areas. Parking is generous with a paver driveway, additional front parking, and two rear spaces for a total of seven. Accessibility has been carefully considered with a ramp on the north side and a fully accessible first floor, including the primary bath. Both residences may be rented separately or together, offering exceptional versatility. Positioned moments from Western Lake, two beach accesses, and iconic spots like The Red Bar, Chiringo, and AJ's Grayton Beach, this is a rare opportunity to own a true Grayton Beach classic where coastal history, modern updates, and an unbeatable walkable setting come together with ease.

6 Beds ⋅ 6 Baths ⋅ 783716 MLS

A Grayton Beach rarity: Western Lake views, a private guest cottage, a resort-style pool, and projected rental income of up to $373,000 annually combine to create a property as versatile as it is unforgettable. Timeless Grayton Beach character meets thoughtful modern renovation in this rare dual-residence offering just steps from Western Lake, the shoreline, and the heart of one of 30A's most storied beach villages. Originally built in 1970 and extensively reimagined, the property pairs a gracious main home with a fully detached private cottage, creating flexibility for hosting, multigenerational living, or income potential without sacrificing privacy or charm. The main residence spans approximately 2,910 square feet with five bedrooms and four-and-a-half baths across three levels. Recent updates include a fully redesigned kitchen, renovated bathrooms, fresh interior paint, new flooring, updated wiring and plumbing, two HVAC systems, new appliances, and a new roof. From the inviting front porch, morning coffee is enjoyed with tranquil views toward Western Lake. Inside, the first floor opens to a generous living and dining area that flows seamlessly into the kitchen, which offers ample space for an island and connects to a comfortable sitting or game room. A mudroom off the kitchen adds a half bath, a full-sized laundry, and direct access to the side yard for grilling. Two first-floor bedrooms feature updated ensuite baths, while a rear hallway leads directly to the backyard. Upstairs, the second level offers two additional bedrooms and two full baths. The third floor serves as a flexible retreat or bedroom, highlighted by a striking wood A-frame ceiling with access to the large balcony. The detached cottage provides approximately 560 square feet with one bedroom, one full bath, a family room, a full kitchen, a laundry room, an outdoor shower, and a separate entrance. With a new roof and alley access, the cottage allows easy movement to the beach, lake, and dining while remaining discreetly set apart from the main home. Outdoor living is equally compelling, with a spacious backyard ready for relaxed afternoons, a newly added private pool, curated hardscape, and lush landscaping. After a day on the water, rinse off at the outdoor shower or unwind in one of several private seating areas. Parking is generous with a paver driveway, additional front parking, and two rear spaces for a total of seven. Accessibility has been carefully considered with a ramp on the north side and a fully accessible first floor, including the primary bath. Both residences may be rented separately or together, offering exceptional versatility. Positioned moments from Western Lake, two beach accesses, and iconic spots like The Red Bar, Chiringo, and AJ's Grayton Beach, this is a rare opportunity to own a true Grayton Beach classic where coastal history, modern updates, and an unbeatable walkable setting come together with ease.

64 Banfill Street, Santa Rosa Beach

Listing courtesy of Scenic Sotheby's International Realty.

$3,300,000

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. Cherry Brook is a +/-60 acre single-family residential development site in Crestview. The site is proximate to schools and other commercial amenities that Crestview has to offer. With the connection of PJ Adams Parkway with Interstate 10, the Western side of Crestview has seen an increase in demand for commercial and residential real estate. The Cherry Brook subdivision is just off a main thorough far e, PJ Adams, and is supported by the growing Crestview market. With +90% of all entitlement and permitting in place, it can be ready for construction within weeks.

783576 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. Cherry Brook is a +/-60 acre single-family residential development site in Crestview. The site is proximate to schools and other commercial amenities that Crestview has to offer. With the connection of PJ Adams Parkway with Interstate 10, the Western side of Crestview has seen an increase in demand for commercial and residential real estate. The Cherry Brook subdivision is just off a main thorough far e, PJ Adams, and is supported by the growing Crestview market. With +90% of all entitlement and permitting in place, it can be ready for construction within weeks.

00 Garrett Pit Road, Crestview

Listing courtesy of NAI TALCOR.

$8,000,000

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.

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.

$3,500,000

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. Legacy Place offers 81.58 acres of prime development land in the thriving Crestview market of North west Florida. Ideally situated with access to schools, major roadways, and growing residential communities, this expansive tract is well-positioned for a residential subdivision, mixed-use development, or long-term land investment. With Crestview experiencing sustained population and economic growth, Legacy Place represents a strategic opportunity for builders and developers to capitalize on high demand in a rapidly expanding region.

783544 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. Legacy Place offers 81.58 acres of prime development land in the thriving Crestview market of North west Florida. Ideally situated with access to schools, major roadways, and growing residential communities, this expansive tract is well-positioned for a residential subdivision, mixed-use development, or long-term land investment. With Crestview experiencing sustained population and economic growth, Legacy Place represents a strategic opportunity for builders and developers to capitalize on high demand in a rapidly expanding region.

00 Adams Lane, Crestview

Listing courtesy of NAI TALCOR.

3200 Heritage Plantation Boulevard, Laurel Hill

$15,000,000

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.

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.

$2,300,000

Amazing Development Opportunity is Ready for! In a Prime Location, this 4.77 acre parcel is zoned General Commercial 2. Located in the Gateway Overlay and is located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area as well. Situated just before the Hathaway Bridge in Panama City offering fantastic traffic count and visibility when traveling on Hwy 98 East from Panama City or West to Panama City Beach. ACCESS: offers easy access via 3 different roads, Hwy 98, 19th St, and Brown Ave. Approximately 180 feet frontage on Hwy 98, 580 feet on 19th St, and 375 feet on Brown Ave. This parcel is in close proximity to Port of Panama City and Gulf Coast State College and FSU campuses as well as quick access to Historic St. Andrews and the Downtown Panama City area, and Panama City Beach. This property would be perfect for a hotel, restaurant, retail store or any combination of many different commercial businesses. See more usage details in the documents section of the listing. Previously, there was a hotel that has been demolished due to damage from Hurricane Michael.

783424 MLS

Amazing Development Opportunity is Ready for! In a Prime Location, this 4.77 acre parcel is zoned General Commercial 2. Located in the Gateway Overlay and is located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area as well. Situated just before the Hathaway Bridge in Panama City offering fantastic traffic count and visibility when traveling on Hwy 98 East from Panama City or West to Panama City Beach. ACCESS: offers easy access via 3 different roads, Hwy 98, 19th St, and Brown Ave. Approximately 180 feet frontage on Hwy 98, 580 feet on 19th St, and 375 feet on Brown Ave. This parcel is in close proximity to Port of Panama City and Gulf Coast State College and FSU campuses as well as quick access to Historic St. Andrews and the Downtown Panama City area, and Panama City Beach. This property would be perfect for a hotel, restaurant, retail store or any combination of many different commercial businesses. See more usage details in the documents section of the listing. Previously, there was a hotel that has been demolished due to damage from Hurricane Michael.

4810 W Highway 98, Panama City

Listing courtesy of ERA Neubauer Real Estate, Inc.

1114-1120 Thomas Drive, Panama City Beach

$2,200,000

The structure is a Class A, Retail/Office, 6,901 square feet building with tremendous upside. It is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one-piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The complex also has ample parking and excellent signage on Thomas Drive. The building consists of 2 units with one at 4985 square feet and the other at 1916 square feet. Taylor's Restaurant (previously Egg & I Restaurant) currently occupies the 4985 square feet unit. They are currently in their 3rd 5-year lease term. Realty One Group of the Emerald Coast occupies the remaining 1916 square feet of the building. They have a month to month lease. They have occupied the space for over 4 years. OWNER FINANCING AVAILABLE WITH 20% DOWN, 6% INTEREST, PAYMENTS BASED ON 30 YEAR TERM WITH A 10 YEAR CALL.

783178 MLS

The structure is a Class A, Retail/Office, 6,901 square feet building with tremendous upside. It is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one-piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The complex also has ample parking and excellent signage on Thomas Drive. The building consists of 2 units with one at 4985 square feet and the other at 1916 square feet. Taylor's Restaurant (previously Egg & I Restaurant) currently occupies the 4985 square feet unit. They are currently in their 3rd 5-year lease term. Realty One Group of the Emerald Coast occupies the remaining 1916 square feet of the building. They have a month to month lease. They have occupied the space for over 4 years. OWNER FINANCING AVAILABLE WITH 20% DOWN, 6% INTEREST, PAYMENTS BASED ON 30 YEAR TERM WITH A 10 YEAR CALL.

1114-1120 Thomas Drive, Panama City Beach

Listing courtesy of Varnes Realty.

$3,900,000

44-Unit Mixed-Use Investment Portfolio | ~7.5% Cap Rate | Value-Add Upside Rare opportunity to acquire a 44-unit income-producing portfolio consisting of two mobile home parks and single-family residences, offering strong in-place cash flow with additional upside potential. The portfolio includes 29 mobile homes across two parks. The first park features 18 mobile homes with additional vacant lots available, and is approved for future expansion, allowing for increased density and long-term NOI growth. The second mobile home park consists of 7 existing units, providing stable, affordable housing income. In addition, the portfolio includes 15 single-family residences, adding diversification, durability, and tenant demand to the income stream. According to the owner the property is currently operating at an approximately 7.5% cap rate, with opportunities to enhance returns through infill development, unit upgrades, rent optimization, and operational efficiencies.

782885 MLS

44-Unit Mixed-Use Investment Portfolio | ~7.5% Cap Rate | Value-Add Upside Rare opportunity to acquire a 44-unit income-producing portfolio consisting of two mobile home parks and single-family residences, offering strong in-place cash flow with additional upside potential. The portfolio includes 29 mobile homes across two parks. The first park features 18 mobile homes with additional vacant lots available, and is approved for future expansion, allowing for increased density and long-term NOI growth. The second mobile home park consists of 7 existing units, providing stable, affordable housing income. In addition, the portfolio includes 15 single-family residences, adding diversification, durability, and tenant demand to the income stream. According to the owner the property is currently operating at an approximately 7.5% cap rate, with opportunities to enhance returns through infill development, unit upgrades, rent optimization, and operational efficiencies.

2657 Randall Lane, Cottondale

Listing courtesy of Chipola Realty.

$5,975,000

Rare opportunity to acquire a truly unique, industrial warehouse, tallest in the county adding ex located within Beach Commerce Park in Panama City Beach, Florida. Offered at $5,975,000, this owner-occupied facility can be vacated at closing, making it ideal for an owner-user or investor seeking an irreplaceable industrial asset. What sets this property apart is its extraordinary clear height, measuring approximately 48 feet at the center of the building and approximately 41 feet at the lowest point, far exceeding standard warehouse heights in the surrounding market. Typical industrial buildings in the area range from 18-24 feet clear, with newer construction rarely exceeding 30-32 feet. This dramatic vertical advantage creates exponentially more usable storage volume, allowing for high stacking, specialized racking systems, and operational efficiencies that simply are not possible in conventional warehouses. The building features a large clear-span layout, steel-frame construction, concrete slab foundation, metal panel exterior, and multiple overhead roll-up doors to support logistics, distribution, storage, or light industrial use. The property is situated within an established industrial park with excellent access and circulation, making it suitable for a wide range of warehouse users seeking scale, flexibility, and long-term functionality. This is a one-of-a-kind warehouse offering for the Panama City Beach market, replacement cost and zoning constraints make replicating this building height extremely unlikely. Buyer to verify all dimensions and specifications.

782836 MLS

Rare opportunity to acquire a truly unique, industrial warehouse, tallest in the county adding ex located within Beach Commerce Park in Panama City Beach, Florida. Offered at $5,975,000, this owner-occupied facility can be vacated at closing, making it ideal for an owner-user or investor seeking an irreplaceable industrial asset. What sets this property apart is its extraordinary clear height, measuring approximately 48 feet at the center of the building and approximately 41 feet at the lowest point, far exceeding standard warehouse heights in the surrounding market. Typical industrial buildings in the area range from 18-24 feet clear, with newer construction rarely exceeding 30-32 feet. This dramatic vertical advantage creates exponentially more usable storage volume, allowing for high stacking, specialized racking systems, and operational efficiencies that simply are not possible in conventional warehouses. The building features a large clear-span layout, steel-frame construction, concrete slab foundation, metal panel exterior, and multiple overhead roll-up doors to support logistics, distribution, storage, or light industrial use. The property is situated within an established industrial park with excellent access and circulation, making it suitable for a wide range of warehouse users seeking scale, flexibility, and long-term functionality. This is a one-of-a-kind warehouse offering for the Panama City Beach market, replacement cost and zoning constraints make replicating this building height extremely unlikely. Buyer to verify all dimensions and specifications.

109 Estes Place, Panama City Beach

Listing courtesy of Emerald Coast Realty Group.

3510/ 3536 Saint John Street, Panama City

$6,200,000

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.

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.

$6,185,000

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.

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.

$2,625,000

YOUR DREAM COASTAL RETREAT with 78' of GULF FRONTAGE. Nestled in the gated Sunset Pointe community, this exceptional 5-bedroom/4.5-bath beachfront home offers an unparalleled coastal living experience. The homesite provides direct access to the soft white sands via a private boardwalk, allowing for seamless transitions between luxurious indoor living & pristine beach environments. Expansive Gulf-front decks capture breathtaking sunsets while a private heated saltwater pool creates a personal oasis for relaxation & entertainment. Meticulously designed across all levels, the home showcases premium features & thoughtful amenities. The ground floor offers convenient pool access, an enclosed outdoor shower & a fish cleaning station for anglers. A gas grill & poolside refrigerator ensure effortless outdoor entertaining. The 2nd floor features an elegant living space with a gourmet kitchen-granite countertops, stainless steel appliances & a central island—complemented by a spacious living area. The primary suite provides a luxurious retreat with an en-suite bathroom featuring a soaking tub & one-of-a-kind walk-in shower. The 3rd floor continues the home's commitment to comfort, with a foosball table, 3 spacious king guest suites with Gulf-front deck access & a bunk room perfect for family & guests. More than just a home, this is a canvas for creating lasting memories in one of Florida's most beautiful coastal destinations. Cape San Blas offers a breathtaking coastal paradise for nature lovers. Unspoiled beaches provide excellent shelling, sunbathing & world-class fishing. Crystal-clear Gulf waters invite adventure through paddleboarding, snorkeling, & kayaking. St. Joseph Peninsula State Park features scenic hiking trails & wildlife viewing, with opportunities to spot sea turtles, dolphins, & coastal birds. Nearby Port St. Joe adds charm with its historic downtown, featuring unique boutiques & seafood restaurants. Call today for your private showing & LIVE THE BEACH LIFE!

5 Beds ⋅ 5 Baths ⋅ 782357 MLS

YOUR DREAM COASTAL RETREAT with 78' of GULF FRONTAGE. Nestled in the gated Sunset Pointe community, this exceptional 5-bedroom/4.5-bath beachfront home offers an unparalleled coastal living experience. The homesite provides direct access to the soft white sands via a private boardwalk, allowing for seamless transitions between luxurious indoor living & pristine beach environments. Expansive Gulf-front decks capture breathtaking sunsets while a private heated saltwater pool creates a personal oasis for relaxation & entertainment. Meticulously designed across all levels, the home showcases premium features & thoughtful amenities. The ground floor offers convenient pool access, an enclosed outdoor shower & a fish cleaning station for anglers. A gas grill & poolside refrigerator ensure effortless outdoor entertaining. The 2nd floor features an elegant living space with a gourmet kitchen-granite countertops, stainless steel appliances & a central island—complemented by a spacious living area. The primary suite provides a luxurious retreat with an en-suite bathroom featuring a soaking tub & one-of-a-kind walk-in shower. The 3rd floor continues the home's commitment to comfort, with a foosball table, 3 spacious king guest suites with Gulf-front deck access & a bunk room perfect for family & guests. More than just a home, this is a canvas for creating lasting memories in one of Florida's most beautiful coastal destinations. Cape San Blas offers a breathtaking coastal paradise for nature lovers. Unspoiled beaches provide excellent shelling, sunbathing & world-class fishing. Crystal-clear Gulf waters invite adventure through paddleboarding, snorkeling, & kayaking. St. Joseph Peninsula State Park features scenic hiking trails & wildlife viewing, with opportunities to spot sea turtles, dolphins, & coastal birds. Nearby Port St. Joe adds charm with its historic downtown, featuring unique boutiques & seafood restaurants. Call today for your private showing & LIVE THE BEACH LIFE!

123 Sapodilla Lane, Port St Joe

Listing courtesy of Beach Properties Real Estate.

$2,425,500

531.92+/- ACRE recreational tract/timber farm with a nice fish pond and Cabin sitting on the pond. The Cabin was built from timber and rough cut boards that came off this property when cut years agao. Great deer hunting along with turkey, duck and more. A great road system through out the property. The property fronts North Golden Road, Overpass Rd and Railroad Ave. There is about 3/4 mile of railroad frontage for possible future use. There are approximately 220 Acres in Loblolly Elite Trees that were planted in 2023, another 40+/- Acres of Long leaf Pines that were planted in 2017 and another 230 +/- acres of loblolly elite pines planted in 2019. Numerous pear and japanese persimmon trees planted around for the game. There is a 8 inch well that has been converted to a 4'' well for the cabin. The only way to describe this property is to invite you to come ride around and check it all out.

782134 MLS

531.92+/- ACRE recreational tract/timber farm with a nice fish pond and Cabin sitting on the pond. The Cabin was built from timber and rough cut boards that came off this property when cut years agao. Great deer hunting along with turkey, duck and more. A great road system through out the property. The property fronts North Golden Road, Overpass Rd and Railroad Ave. There is about 3/4 mile of railroad frontage for possible future use. There are approximately 220 Acres in Loblolly Elite Trees that were planted in 2023, another 40+/- Acres of Long leaf Pines that were planted in 2017 and another 230 +/- acres of loblolly elite pines planted in 2019. Numerous pear and japanese persimmon trees planted around for the game. There is a 8 inch well that has been converted to a 4'' well for the cabin. The only way to describe this property is to invite you to come ride around and check it all out.

tbd N North Golden Road, Cottondale

Listing courtesy of Jim Roberts Realty Inc.

$2,250,000

This large parcel has expansion possibilities for an outparcel plus the vacant lot adjacent to current center that is included in the sale. Dollar General is the anchor tenant in this center. The 1200 SF space is a nail salon and the 3000 SF space has a retail/service tenant.

781393 MLS

This large parcel has expansion possibilities for an outparcel plus the vacant lot adjacent to current center that is included in the sale. Dollar General is the anchor tenant in this center. The 1200 SF space is a nail salon and the 3000 SF space has a retail/service tenant.

387 US-90, Defuniak Springs

Listing courtesy of Investors Real Estate Mgnt LLC.

$3,165,000

3 parcels - (1220 19th St. - 13784-022-000, 1302 19th St. - 13784-015-000, 1304 19th St - 13784-050-000) 2 well-established and prosperous businesses with spray booth, car crusher, loader, semi truck with 2 flatbed trailers, 2 sling wreckers, 1 flatbed wrecker and tools.

781043 MLS

3 parcels - (1220 19th St. - 13784-022-000, 1302 19th St. - 13784-015-000, 1304 19th St - 13784-050-000) 2 well-established and prosperous businesses with spray booth, car crusher, loader, semi truck with 2 flatbed trailers, 2 sling wreckers, 1 flatbed wrecker and tools.

1220 W 19th Street, Panama City

Listing courtesy of Compass Florida, LLC.

$2,650,000

Tucked along the quiet shoreline of Lake Powell, this spacious home offers a rare mix of privacy, comfort, and everyday livability. With 5 bedrooms, 5 bathrooms, and over 4,600 square feet, this home welcomes you with its soaring multi-level design and expansive outdoor areas tailored for both relaxation and grand entertaining. Set on nearly an acre along beautiful Lake Powell with 147 feet of pristine dune lake frontage, the property feels private and peaceful while still being close to the beach and the rest of Panama City Beach. Inside, you'll find an open gourmet kitchen and working pantry that connects easily to the main living areas, a custom fireplace, and plenty of natural light. Spacious bedrooms throughout the home provide flexibility for family and guests, and the expansive third-floor deck has the best views on the lake. With its own private dock, the lake becomes an extension of the backyard. Step outside to enjoy the screened pool, large deck, boat slip, and parking for up to ten vehicles. Recent updates include a new roof in 2025 and a heated and cooled garage. With exquisite craftsmanship throughout and panoramic lake views from nearly every vantage point, this property is a rare gem for discerning buyers seeking coastal elegance and lakefront living. Located in the gated community of Palmetto Bluff, residents enjoy a large neighborhood green space and community dock. Recently appraised at $4.2 million, this home is priced to sell.

4 Beds ⋅ 5 Baths ⋅ 780535 MLS

Tucked along the quiet shoreline of Lake Powell, this spacious home offers a rare mix of privacy, comfort, and everyday livability. With 5 bedrooms, 5 bathrooms, and over 4,600 square feet, this home welcomes you with its soaring multi-level design and expansive outdoor areas tailored for both relaxation and grand entertaining. Set on nearly an acre along beautiful Lake Powell with 147 feet of pristine dune lake frontage, the property feels private and peaceful while still being close to the beach and the rest of Panama City Beach. Inside, you'll find an open gourmet kitchen and working pantry that connects easily to the main living areas, a custom fireplace, and plenty of natural light. Spacious bedrooms throughout the home provide flexibility for family and guests, and the expansive third-floor deck has the best views on the lake. With its own private dock, the lake becomes an extension of the backyard. Step outside to enjoy the screened pool, large deck, boat slip, and parking for up to ten vehicles. Recent updates include a new roof in 2025 and a heated and cooled garage. With exquisite craftsmanship throughout and panoramic lake views from nearly every vantage point, this property is a rare gem for discerning buyers seeking coastal elegance and lakefront living. Located in the gated community of Palmetto Bluff, residents enjoy a large neighborhood green space and community dock. Recently appraised at $4.2 million, this home is priced to sell.

5 Blue Crab Lane, Panama City Beach

Listing courtesy of Holiday Beach Real Estate Inc.

$9,700,000

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.

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.

$2,499,000

ULTIMATE GULF FRONT HOME! Nestled on pristine Gulf front sand, 273 Watermark Way offers the ultimate coastal escape-where turquoise waves, sugar-white beaches & unforgettable sunsets set the stage for lifetime memories. This brand-new custom beachfront build, within the serene lower-density stretch of St. Joe Beach, effortlessly combines luxury, comfort & coastal charm. With six beautifully appointed suites, this home is perfect for multi-family vacations or large groups seeking space, style & shared experiences. Each beachfront king suite opens onto its own deck, allowing you to drift awake to sea breezes and Gulf views. The homes best feature is a private heated pool just steps out the door to be enjoyed year round. The soaring open living spaces, gourmet kitchen & soft coastal finishes evoke easy elegance. The layout is designed for joyful mingling where you enjoy panoramic Gulf vistas from every level & wide decks that connect you to the horizon. An elevator provides smooth access across all floors. Beyond the walls of this spectacular home, you'll find immediate access to the Gulf with a private boardwalk & steps to powdery sand. Hop in your golf cart or go for a peaceful bike ride along the paved paths to Windmark Beach where you will find fun, food, and entertainment for the whole family. A short ride into Port St Joe connects you with boutique shopping, fresh seafood restaurants, a bustling marina, and a charming historic district. Whether you're planning an epic family retreat, a generational reunion, or a carefree getaway with friends, this home is built to host in style. From sunrise yoga to cocktail hour on the deck, to late-night stargazing by the sea—every moment unfolds with elegance and ease. Call for your private tour & LIVE THE BEACH LIFE!

6 Beds ⋅ 7 Baths ⋅ 780134 MLS

ULTIMATE GULF FRONT HOME! Nestled on pristine Gulf front sand, 273 Watermark Way offers the ultimate coastal escape-where turquoise waves, sugar-white beaches & unforgettable sunsets set the stage for lifetime memories. This brand-new custom beachfront build, within the serene lower-density stretch of St. Joe Beach, effortlessly combines luxury, comfort & coastal charm. With six beautifully appointed suites, this home is perfect for multi-family vacations or large groups seeking space, style & shared experiences. Each beachfront king suite opens onto its own deck, allowing you to drift awake to sea breezes and Gulf views. The homes best feature is a private heated pool just steps out the door to be enjoyed year round. The soaring open living spaces, gourmet kitchen & soft coastal finishes evoke easy elegance. The layout is designed for joyful mingling where you enjoy panoramic Gulf vistas from every level & wide decks that connect you to the horizon. An elevator provides smooth access across all floors. Beyond the walls of this spectacular home, you'll find immediate access to the Gulf with a private boardwalk & steps to powdery sand. Hop in your golf cart or go for a peaceful bike ride along the paved paths to Windmark Beach where you will find fun, food, and entertainment for the whole family. A short ride into Port St Joe connects you with boutique shopping, fresh seafood restaurants, a bustling marina, and a charming historic district. Whether you're planning an epic family retreat, a generational reunion, or a carefree getaway with friends, this home is built to host in style. From sunrise yoga to cocktail hour on the deck, to late-night stargazing by the sea—every moment unfolds with elegance and ease. Call for your private tour & LIVE THE BEACH LIFE!

273 Watermark Way, Port St Joe

Listing courtesy of Beach Properties Real Estate.

000 Moonlight Bay Drive, Panama City Beach

$2,000,000

Gorgeous +/-4.4 acre secluded property on West Bay. Located at the east-end of Moonlight Bay Drive, which dead-ends into the property. It is known as the 'Oak Grove' as the property has several large oak trees. West Bay on the north side with expansive views across the Bay and a bayou on the south side. Zoned Planned Unit Development (P.U.D.) within the City of Panama City Beach. We believe the highest and best use is single-family residential development. Several large estate sized Bay-front lots could be developed, or one massive estate. The property is accessed via a 30' access easement. Travel from Panama City Beach Parkway past the Legacy Golf Club (f/k/a Holiday Golf Course), through the existing residential neighborhoods of Colony Club, and past Trieste. Left on Moonlight Bay Drive, continue right (east) on Moonlight Bay, which dead-ends into the property. The adjacent two parcels to the east and south are also for sale; A=59.9 Acres on West Bay, B=60.1 Acre interior parcel. The other two large parcels are not contiguous and separated by the small bayou. They are accessed via the Clara Avenue extension. The parcels were annexed into the City of Panama City Beach & zoned P.U.D. & Conservation. The highest-and-best use is single-family residential. Conceptual site plans, wetlands delineation, surveys and maps are attached. Call for detailed information & to setup a tour.

779480 MLS

Gorgeous +/-4.4 acre secluded property on West Bay. Located at the east-end of Moonlight Bay Drive, which dead-ends into the property. It is known as the 'Oak Grove' as the property has several large oak trees. West Bay on the north side with expansive views across the Bay and a bayou on the south side. Zoned Planned Unit Development (P.U.D.) within the City of Panama City Beach. We believe the highest and best use is single-family residential development. Several large estate sized Bay-front lots could be developed, or one massive estate. The property is accessed via a 30' access easement. Travel from Panama City Beach Parkway past the Legacy Golf Club (f/k/a Holiday Golf Course), through the existing residential neighborhoods of Colony Club, and past Trieste. Left on Moonlight Bay Drive, continue right (east) on Moonlight Bay, which dead-ends into the property. The adjacent two parcels to the east and south are also for sale; A=59.9 Acres on West Bay, B=60.1 Acre interior parcel. The other two large parcels are not contiguous and separated by the small bayou. They are accessed via the Clara Avenue extension. The parcels were annexed into the City of Panama City Beach & zoned P.U.D. & Conservation. The highest-and-best use is single-family residential. Conceptual site plans, wetlands delineation, surveys and maps are attached. Call for detailed information & to setup a tour.

000 Moonlight Bay Drive, Panama City Beach

Listing courtesy of Counts Real Estate Group Inc.

$3,989,000

GULF FRONT GRANDEUR WITH HEATED SALTWATER POOL OVERLOOKING THE WHITE SAND BEACHES OF CAPE SAN BLAS! Experience luxury & elegance located at the most desirable end of the Cape with its wide beaches and slow, peaceful pace. This 8BR/8.5BA beachfront retreat at 149 Sapodilla Ln is designed for gatherings, comfort, and breathtaking views.The third-floor main living area is surrounded by walls of windows and soaring vaulted ceilings, filling the open-concept layout with natural light. The chef's kitchen features granite counters, modern appliances, a breakfast bar with island storage, and high-end finishes. Dine with sweeping Gulf views inside or step onto the expansive deck with contemporary cable railing. This level also includes a primary suite and half bath.On the second floor, two Gulf-facing suites boast private balconies, double vanities, and spa-like marble showers. Two additional bunk rooms, each with ensuites, provide the perfect retreat for the younger crowd. The ground floor offers a second living area, direct boardwalk beach access, and another Gulf-front suite opening to the poolside patio, plus two more ensuite bedrooms. An elevator connects all levels for convenience. Step outside to the heated saltwater pool overlooking the shoreline, an ideal place to relax or entertain. Already income-producing, this home is offered fully furnished and turn-key. Soak in the salt air breeze with morning coffee on the porch, launch a kayak from the beach, or fish along the sugar-white, pet-friendly shoreline. Spend afternoons by the pool with panoramic Gulf views and unwind each evening as the sun sets over the horizon. Cape San Blas also offers paved biking and walking trails, horseback riding on the sand, and easy access to dining, shopping, and entertainment. Built for beachfront living and move-in ready, this home is truly one of a kind. Call today for your private showing!

8 Beds ⋅ 9 Baths ⋅ 778998 MLS

GULF FRONT GRANDEUR WITH HEATED SALTWATER POOL OVERLOOKING THE WHITE SAND BEACHES OF CAPE SAN BLAS! Experience luxury & elegance located at the most desirable end of the Cape with its wide beaches and slow, peaceful pace. This 8BR/8.5BA beachfront retreat at 149 Sapodilla Ln is designed for gatherings, comfort, and breathtaking views.The third-floor main living area is surrounded by walls of windows and soaring vaulted ceilings, filling the open-concept layout with natural light. The chef's kitchen features granite counters, modern appliances, a breakfast bar with island storage, and high-end finishes. Dine with sweeping Gulf views inside or step onto the expansive deck with contemporary cable railing. This level also includes a primary suite and half bath.On the second floor, two Gulf-facing suites boast private balconies, double vanities, and spa-like marble showers. Two additional bunk rooms, each with ensuites, provide the perfect retreat for the younger crowd. The ground floor offers a second living area, direct boardwalk beach access, and another Gulf-front suite opening to the poolside patio, plus two more ensuite bedrooms. An elevator connects all levels for convenience. Step outside to the heated saltwater pool overlooking the shoreline, an ideal place to relax or entertain. Already income-producing, this home is offered fully furnished and turn-key. Soak in the salt air breeze with morning coffee on the porch, launch a kayak from the beach, or fish along the sugar-white, pet-friendly shoreline. Spend afternoons by the pool with panoramic Gulf views and unwind each evening as the sun sets over the horizon. Cape San Blas also offers paved biking and walking trails, horseback riding on the sand, and easy access to dining, shopping, and entertainment. Built for beachfront living and move-in ready, this home is truly one of a kind. Call today for your private showing!

149 Sapodilla Lane, Port St Joe

Listing courtesy of Beach Properties Real Estate.

$5,000,000

Excellent commercial investment opportunity!! This 157+/- acres of vacant land located in the northeast quadrants of I-10 exit 174 in Gretna on SR 12 Greensboro Hwy has 1,170+/-frontage Across from the Gretna Racetrack. The City of Gretna is preparing Brinson Rd for commercial development by accommodating hundreds of acres along the rd. with power, water, sewer, and high-speed broadband infrastructure!! Loves Truck Stop will be open south of Exit 174 area middle of 2026. All offers welcome.

778992 MLS

Excellent commercial investment opportunity!! This 157+/- acres of vacant land located in the northeast quadrants of I-10 exit 174 in Gretna on SR 12 Greensboro Hwy has 1,170+/-frontage Across from the Gretna Racetrack. The City of Gretna is preparing Brinson Rd for commercial development by accommodating hundreds of acres along the rd. with power, water, sewer, and high-speed broadband infrastructure!! Loves Truck Stop will be open south of Exit 174 area middle of 2026. All offers welcome.

XXXX GREENSBORO HWY, Quincy

Listing courtesy of 850 Hometown Realty.

116 Carillon Market Street Unit 701, Panama City Beach

$2,600,000

$50K PRICE REDUCTION! This waterfront coastal contemporary Penthouse retreat with 4 bedrooms, 4.5 baths and 3,623 sq ft spans the entire top level of a small 7-story, recently renovated condo building. It features a wrap around balcony with unmatched panoramic views of the Gulf, Lake Carillon and Lake Powell. It is located in the charming, vibrant, gated community of Carillon Beach approximately 2 miles East of Rosemary Beach. and 10 minutes from Pier Park. In addition to the condo pool, the owners of Sunrise and Sunset enjoy all the amenities of Carillon Beach - four pools, private access to a miile of private, pristine beach, tennis, basketball courts and 8 community walkovers to the beach., The shops and park in the Carillion Town Center are a great place to shop, grab a bite to eat and listen to music. This Penthouse was completely renovated in 2004 with a stunning high-end remodel including new windows. There's an elevator entry into a private foyer to Unit 701. The open concept living area with high beamed cailing, large great room with gas fireplace, wall of glass doors and windows, and a spacious dining room. combines the upscale chef's kitchen with island, long breakfast bar and top-of-the-line appliances. The two Master suites also access the balcony with expansive water views, luxurious baths with soaking tub and walkin shower and large walk-in closets. There is a guest room with four, full size bunk beds and private bathroom with tub. It opens onto the wide balcony offering views of Lake Powell. The second guest room with balcony access features a large closet and luxurious bath with a walk-in shower. There is also a powder room and spaciious laundry room with plenty of cabinets. This Penthouse is a ''one of a kind'! It is the perfect family or corporate retreat or rental investment! It is being sold completely funishing with high end designer furninshings.

4 Beds ⋅ 5 Baths ⋅ 778942 MLS

$50K PRICE REDUCTION! This waterfront coastal contemporary Penthouse retreat with 4 bedrooms, 4.5 baths and 3,623 sq ft spans the entire top level of a small 7-story, recently renovated condo building. It features a wrap around balcony with unmatched panoramic views of the Gulf, Lake Carillon and Lake Powell. It is located in the charming, vibrant, gated community of Carillon Beach approximately 2 miles East of Rosemary Beach. and 10 minutes from Pier Park. In addition to the condo pool, the owners of Sunrise and Sunset enjoy all the amenities of Carillon Beach - four pools, private access to a miile of private, pristine beach, tennis, basketball courts and 8 community walkovers to the beach., The shops and park in the Carillion Town Center are a great place to shop, grab a bite to eat and listen to music. This Penthouse was completely renovated in 2004 with a stunning high-end remodel including new windows. There's an elevator entry into a private foyer to Unit 701. The open concept living area with high beamed cailing, large great room with gas fireplace, wall of glass doors and windows, and a spacious dining room. combines the upscale chef's kitchen with island, long breakfast bar and top-of-the-line appliances. The two Master suites also access the balcony with expansive water views, luxurious baths with soaking tub and walkin shower and large walk-in closets. There is a guest room with four, full size bunk beds and private bathroom with tub. It opens onto the wide balcony offering views of Lake Powell. The second guest room with balcony access features a large closet and luxurious bath with a walk-in shower. There is also a powder room and spaciious laundry room with plenty of cabinets. This Penthouse is a ''one of a kind'! It is the perfect family or corporate retreat or rental investment! It is being sold completely funishing with high end designer furninshings.

116 Carillon Market Street Unit 701, Panama City Beach

Listing courtesy of Prestigious Beach Properties of The Emerald Coast LLC.

$2,262,200

REDUCED--REDUCED - REDUCED. !! --- BRING. OFFERS----- EXCEPTIONAL GROWTH COMING NORTH ON HWY 79. GREAT LOCATION !! ONLY 34 MILES NORTH OF Panama City BEACH, THERE IS MASSIVE GROWTH ALREADY PLANNED IN THE AREA. BEST TIME TO INVEST ! THIS PROPERTY HAS APPROX. 2300' ON HWY 79. THE PROPERTY IS DIVIDED BY HIGHTOWER RD, WHICH ALSO LEADS DOWN TO HOLMES CREEK AND THE PARK. THE PARK IS MAINTAINED BY Washington County AND HAS A BOAT LAUNCH. ROLLING HILLS WITH BEAUTIFUL TREES. ALSO HAS EASY ACCESS FROM Panama City AND Lynn Haven, ALSO FROM I10 TO THE NORTH. HWY 79 IS A DIVIDED 4 LANE HWY, NORTH AND SOUTH. THIS PROPERTY HAS ENDLESS INVESTMENT PROJECTS. PROPERTY COULD POTENTIALLY BE REZONED COMMERCIAL. DON'T MISS OUT ON THIS GREAT INVESTMENT OPPORTUNITY. CALL FOR MORE INFO NOW. !!

778807 MLS

REDUCED--REDUCED - REDUCED. !! --- BRING. OFFERS----- EXCEPTIONAL GROWTH COMING NORTH ON HWY 79. GREAT LOCATION !! ONLY 34 MILES NORTH OF Panama City BEACH, THERE IS MASSIVE GROWTH ALREADY PLANNED IN THE AREA. BEST TIME TO INVEST ! THIS PROPERTY HAS APPROX. 2300' ON HWY 79. THE PROPERTY IS DIVIDED BY HIGHTOWER RD, WHICH ALSO LEADS DOWN TO HOLMES CREEK AND THE PARK. THE PARK IS MAINTAINED BY Washington County AND HAS A BOAT LAUNCH. ROLLING HILLS WITH BEAUTIFUL TREES. ALSO HAS EASY ACCESS FROM Panama City AND Lynn Haven, ALSO FROM I10 TO THE NORTH. HWY 79 IS A DIVIDED 4 LANE HWY, NORTH AND SOUTH. THIS PROPERTY HAS ENDLESS INVESTMENT PROJECTS. PROPERTY COULD POTENTIALLY BE REZONED COMMERCIAL. DON'T MISS OUT ON THIS GREAT INVESTMENT OPPORTUNITY. CALL FOR MORE INFO NOW. !!

00 Hightower Road, Vernon

Listing courtesy of World Impact Real Estate.

$2,100,000

STRIKING 1ST TIER COASTAL RETREAT! Perfectly positioned in the heart of the gated Sugar Sands community, this new 5-bedroom, 5.5-bath home delivers resort-style amenities, sweeping Gulf views & thoughtfully designed spaces ideal for family gatherings or exceptional rental income potential. The ground level welcomes you with a covered entrance, inviting foyer, dual garages perfect for vehicles or golf carts, outdoor shower, half bath & elevator access to all levels. The heart of the home awaits on the second floor with an open-concept living area featuring expansive seating, built-in storage, & broad decks that extend your living space outdoors. Panoramic views of the coastline set the backdrop for entertaining, while the chef's kitchen boasts top-of-the-line stainless appliances, a 4-burner gas range with griddle, oversized island with seating, butler's pantry, & coffee bar. A full dining area & breakfast bar offer plenty of room for casual meals or elegant dinners. The layout is designed for privacy & flexibility. On the first floor, two luxurious king suites feature private deck access & spa-style baths with double vanities & zero-entry showers. Two additional queen bedrooms with private balconies & a shared bath provide comfortable accommodations for guests. The bunk room keeps family close by while giving kids their own retreat. The loft lounge on the top floor is the ultimate sunset perch, overlooking miles of uncrowded beaches protected by nearby Tyndall AFB—ensuring endless privacy & unspoiled Gulf views. The spacious yard includes irrigation, gravel patio, & room to add a pool, making outdoor entertaining easy. Community amenities feature a resort-style pool, fitness center, clubhouse, & private golf cart beach access just steps away. Offered fully furnished & turnkey, this home is ready for immediate enjoyment or strong rental performance. Call today for your private tour & LIVE THE BEACH LIFE!

5 Beds ⋅ 6 Baths ⋅ 778682 MLS

STRIKING 1ST TIER COASTAL RETREAT! Perfectly positioned in the heart of the gated Sugar Sands community, this new 5-bedroom, 5.5-bath home delivers resort-style amenities, sweeping Gulf views & thoughtfully designed spaces ideal for family gatherings or exceptional rental income potential. The ground level welcomes you with a covered entrance, inviting foyer, dual garages perfect for vehicles or golf carts, outdoor shower, half bath & elevator access to all levels. The heart of the home awaits on the second floor with an open-concept living area featuring expansive seating, built-in storage, & broad decks that extend your living space outdoors. Panoramic views of the coastline set the backdrop for entertaining, while the chef's kitchen boasts top-of-the-line stainless appliances, a 4-burner gas range with griddle, oversized island with seating, butler's pantry, & coffee bar. A full dining area & breakfast bar offer plenty of room for casual meals or elegant dinners. The layout is designed for privacy & flexibility. On the first floor, two luxurious king suites feature private deck access & spa-style baths with double vanities & zero-entry showers. Two additional queen bedrooms with private balconies & a shared bath provide comfortable accommodations for guests. The bunk room keeps family close by while giving kids their own retreat. The loft lounge on the top floor is the ultimate sunset perch, overlooking miles of uncrowded beaches protected by nearby Tyndall AFB—ensuring endless privacy & unspoiled Gulf views. The spacious yard includes irrigation, gravel patio, & room to add a pool, making outdoor entertaining easy. Community amenities feature a resort-style pool, fitness center, clubhouse, & private golf cart beach access just steps away. Offered fully furnished & turnkey, this home is ready for immediate enjoyment or strong rental performance. Call today for your private tour & LIVE THE BEACH LIFE!

221 Dunes Drive, Mexico Beach

Listing courtesy of Beach Properties Real Estate.

$7,700,000

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.

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.

19989 Front Beach Rd. Unit #B, Panama City Beach

$4,350,000

CONTACT LISTING AGENT TO DISCUSS NEW SELLER INCENTIVES BEING OFFERED. Welcome to beachfront luxury! ''Wait and Sea'' is a superbly constructed 6-bedroom, 6.5-bathroom home features high-end finishes and custom touches throughout. The open-concept kitchen showcases elegant fixtures and ample seating, flowing seamlessly into a spacious living area with breathtaking ocean views. Each bathroom is a masterpiece, with unique custom tile work for a spa-like experience. Enjoy endless entertainment in the rec room, complete with a pool table. Perfectly positioned for relaxation, this stunning property provides a sophisticated coastal retreat right on the water's edge.

6 Beds ⋅ 7 Baths ⋅ 777591 MLS

CONTACT LISTING AGENT TO DISCUSS NEW SELLER INCENTIVES BEING OFFERED. Welcome to beachfront luxury! ''Wait and Sea'' is a superbly constructed 6-bedroom, 6.5-bathroom home features high-end finishes and custom touches throughout. The open-concept kitchen showcases elegant fixtures and ample seating, flowing seamlessly into a spacious living area with breathtaking ocean views. Each bathroom is a masterpiece, with unique custom tile work for a spa-like experience. Enjoy endless entertainment in the rec room, complete with a pool table. Perfectly positioned for relaxation, this stunning property provides a sophisticated coastal retreat right on the water's edge.

19989 Front Beach Rd. Unit #B, Panama City Beach

Listing courtesy of Holiday Beach Real Estate Inc.

$4,900,000

Exceptional opportunity to acquire 2.57± acres of prime commercial waterfront property, strategically located in Panama City. Zoned General Commercial, this site supports a broad array of development opportunities such as retail centers, professional office complexes, service businesses, wholesale sales, shopping plazas, and more. The zoning is designed to accommodate intensive commercial activity, making it ideal for developers or investors seeking a high-potential waterfront site in a growing market. Boasting a 2024 FDOT Average Daily Traffic Count of 41,500, this high-visibility site offers unparalleled access and exposure for a wide range of commercial ventures. Situated close to major regional landmarks including Hathaway Bridge, the Port of Panama City, Gulf Coast State College, and Florida State University's Panama City campus, this property sits at the crossroads of commerce, education, and infrastructure. Don't miss this rare opportunity to develop a high-impact commercial property in one of Panama City's most accessible and dynamic locations.

772654 MLS

Exceptional opportunity to acquire 2.57± acres of prime commercial waterfront property, strategically located in Panama City. Zoned General Commercial, this site supports a broad array of development opportunities such as retail centers, professional office complexes, service businesses, wholesale sales, shopping plazas, and more. The zoning is designed to accommodate intensive commercial activity, making it ideal for developers or investors seeking a high-potential waterfront site in a growing market. Boasting a 2024 FDOT Average Daily Traffic Count of 41,500, this high-visibility site offers unparalleled access and exposure for a wide range of commercial ventures. Situated close to major regional landmarks including Hathaway Bridge, the Port of Panama City, Gulf Coast State College, and Florida State University's Panama City campus, this property sits at the crossroads of commerce, education, and infrastructure. Don't miss this rare opportunity to develop a high-impact commercial property in one of Panama City's most accessible and dynamic locations.

XXX W Highway 98, Panama City

Listing courtesy of SOUTHERN WAY REALTY, INC..

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