Real Estate Investment Properties for Sale in Panama City, FL

Looking for investment property in Panama City, FL with high ROI ?

Explore a variety of short-term homes & houses in Panama City, FL. Invest wisely with VRBO & Panama City, FL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Panama City, FL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3104 E Heartleaf Avenue Panama City, FL OPEN HOUSE: Sunday 11/24 from 1-3pm!Welcome to this beautifully maintained 3-bedroom, 2-ba...	4 beds \| 3 baths \| 2,270 sq.ft.	$625,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 2.57% Airbnb Rental Income: $3160 Traditional Rental Income: $2783 Airbnb ROI: 1.99% Traditional ROI: 2.57%
4120 Danny Drive Panama City, FL RARE FIND Gulf-view home with private pool and private beach access! No crossing publi...	4 beds \| 3 baths \| 2,240 sq.ft.	$1,299,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 0.8% Airbnb Rental Income: $3160 Traditional Rental Income: $3227 Airbnb ROI: 0.15% Traditional ROI: 0.8%
428 Wahoo Road Panama City, FL This amazing home has a VA assumable mortgage with a 2.875 % interest rate. Seller will al...	3 beds \| 3 baths \| 2,169 sq.ft.	$539,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 3.24% Airbnb Rental Income: $2840 Traditional Rental Income: $2740 Airbnb ROI: 2.12% Traditional ROI: 3.24%
4121 Cobia Street Panama City, FL Location, Location, Location Welcome home to 4121 Cobia Street where you're only 100 ste...	3 beds \| 3 baths \| 2,317 sq.ft.	$599,999	Airbnb cash on cash: 1.84% Traditional cash on cash: 2.87% Airbnb Rental Income: $2840 Traditional Rental Income: $2755 Airbnb ROI: 1.84% Traditional ROI: 2.87%
7143 Riverbrooke Street Panama City, FL Beautiful 3 bedroom 2 bath home in the popular Barrett's Park community. Open concept in t...	3 beds \| 2 baths \| 1,615 sq.ft.	$274,000	Airbnb cash on cash: 6.15% Traditional cash on cash: 5.6% Airbnb Rental Income: $2840 Traditional Rental Income: $2036 Airbnb ROI: 6.15% Traditional ROI: 5.6%
3323 Nautical Drive Panama City, FL Perfectly situated in the prestigious Kirkland Manor, this exquisite brick home embodies t...	3 beds \| 2 baths \| 2,468 sq.ft.	$494,755	Airbnb cash on cash: 2.64% Traditional cash on cash: 3.01% Airbnb Rental Income: $2840 Traditional Rental Income: $2347 Airbnb ROI: 2.64% Traditional ROI: 3.01%
5903 Sunset Avenue Panama City, FL Less than 5 minute walk to the GULF!, 4 bed/5 full bath & 3 balconies!!, Updated & Fully F...	4 beds \| 5 baths \| 2,464 sq.ft.	$1,100,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.15% Airbnb Rental Income: $3160 Traditional Rental Income: $4716 Airbnb ROI: 0.93% Traditional ROI: 3.15%
1121 Cone Avenue Panama City, FL Charming 3 bedroom/2 bath with huge bonus room and a large fenced in backyard located in t...	3 beds \| 2 baths \| 1,420 sq.ft.	$225,000	Airbnb cash on cash: 7.57% Traditional cash on cash: 6.9% Airbnb Rental Income: $2840 Traditional Rental Income: $2035 Airbnb ROI: 7.57% Traditional ROI: 6.9%
5701 S Lagoon Drive Panama City, FL This beautifully updated 3-bedroom, 2-bathroom home is just a quick golf cart ride from th...	3 beds \| 2 baths \| 2,292 sq.ft.	$529,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 3.17% Airbnb Rental Income: $2840 Traditional Rental Income: $2629 Airbnb ROI: 2.26% Traditional ROI: 3.17%
6201 Thomas Drive #802 Panama City, FL THIS IS A VERY DESIRABLE EAST END UNIT, FULLY REMODELED CONDO, BY A MASTER CRAFTSMAN. IT I...	2 beds \| 2 baths \| 1,404 sq.ft.	$684,900	Airbnb cash on cash: -1.22% Traditional cash on cash: 0.39% Airbnb Rental Income: $2121 Traditional Rental Income: $2608 Airbnb ROI: -1.22% Traditional ROI: 0.39%
1209 Savannah Drive Panama City, FL Welcome to 1209 Savannah Drive, a stunning haven where luxury meets convenience! This beau...	4 beds \| 3 baths \| 2,426 sq.ft.	$549,000	Airbnb cash on cash: 2.56% Traditional cash on cash: 3.92% Airbnb Rental Income: $3160 Traditional Rental Income: $3140 Airbnb ROI: 2.56% Traditional ROI: 3.92%
4843 S Lakewood Drive Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Welcome to this stunning tow...	2 beds \| 2 baths \| 1,116 sq.ft.	$195,000	Airbnb cash on cash: 6.01% Traditional cash on cash: 7.94% Airbnb Rental Income: $2121 Traditional Rental Income: $1935 Airbnb ROI: 6.01% Traditional ROI: 7.94%
7335 Claudias Way Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERSVery nice home in Callaway wit...	3 beds \| 2 baths \| 1,282 sq.ft.	$239,900	Airbnb cash on cash: 7.6% Traditional cash on cash: 5.83% Airbnb Rental Income: $2840 Traditional Rental Income: $1778 Airbnb ROI: 7.6% Traditional ROI: 5.83%
3307 Kings Road Panama City, FL Discover your DREAM home with this stunning 4 bedroom, 2.5 bathroom home, boasting 2,657 s...	4 beds \| 3 baths \| 2,657 sq.ft.	$499,000	Airbnb cash on cash: 3.16% Traditional cash on cash: 4.46% Airbnb Rental Income: $3160 Traditional Rental Income: $3053 Airbnb ROI: 3.16% Traditional ROI: 4.46%
612 Cactus Avenue Panama City, FL PRICE ADJUSTMENT, The Seller is Motivated! Check out this Home with so many upgrades you w...	3 beds \| 2 baths \| 1,213 sq.ft.	$249,500	Airbnb cash on cash: 6.83% Traditional cash on cash: 4.37% Airbnb Rental Income: $2840 Traditional Rental Income: $1598 Airbnb ROI: 6.83% Traditional ROI: 4.37%
715 E 13th Street Panama City, FL NEW ROOF & SPECIAL INTEREST RATE, ASK HOW! Introducing your urban sanctuary in the heart o...	3 beds \| 2 baths \| 1,054 sq.ft.	$225,000	Airbnb cash on cash: 7.91% Traditional cash on cash: 5.14% Airbnb Rental Income: $2840 Traditional Rental Income: $1588 Airbnb ROI: 7.91% Traditional ROI: 5.14%
6304 Thomas Drive #2 Panama City, FL This two story, 2-bedroom/ 2 1/2 bathroom home is located approximately two blocks from th...	2 beds \| 2 baths \| 1,124 sq.ft.	$380,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 2.51% Airbnb Rental Income: $2121 Traditional Rental Income: $1571 Airbnb ROI: 2.53% Traditional ROI: 2.51%
2711 Rutgers Drive Panama City, FL Charming home in Prime Location!Step into the solid craftsmanship and timeless appeal of t...	4 beds \| 2 baths \| 2,327 sq.ft.	$369,499	Airbnb cash on cash: 4.92% Traditional cash on cash: 5.44% Airbnb Rental Income: $3160 Traditional Rental Income: $2625 Airbnb ROI: 4.92% Traditional ROI: 5.44%
334 Raven Lane Panama City, FL Beautiful home in a community close to Tyndall AFB. This home is built with energy savings...	3 beds \| 3 baths \| 1,496 sq.ft.	$265,000	Airbnb cash on cash: 6.32% Traditional cash on cash: 6.81% Airbnb Rental Income: $2840 Traditional Rental Income: $2301 Airbnb ROI: 6.32% Traditional ROI: 6.81%
4259 Dairy Farm Road Panama City, FL All Brick home located in a quiet established neighboorhood. Excellent Schools, close to s...	3 beds \| 2 baths \| 1,501 sq.ft.	$369,000	Airbnb cash on cash: 4.11% Traditional cash on cash: 3.73% Airbnb Rental Income: $2840 Traditional Rental Income: $2045 Airbnb ROI: 4.11% Traditional ROI: 3.73%
6229 Hilltop Avenue #A Panama City, FL This charming 3-bedroom, 1.5-bathroom townhome offers the perfect blend of comfort and con...	3 beds \| 2 baths \| 1,200 sq.ft.	$299,900	Airbnb cash on cash: 5.54% Traditional cash on cash: 3.92% Airbnb Rental Income: $2840 Traditional Rental Income: $1721 Airbnb ROI: 5.54% Traditional ROI: 3.92%
9860 S Thomas Drive #318 Panama City, FL Welcome to your coastal chic retreat! This turnkey, rental-ready 1-bedroom, 2-bathroom con...	1 beds \| 2 baths \| 1,047 sq.ft.	$315,000	Airbnb cash on cash: -1.09% Traditional cash on cash: 2.57% Airbnb Rental Income: $1799 Traditional Rental Income: $2396 Airbnb ROI: -1.09% Traditional ROI: 2.57%
9860 S Thomas Drive #825 Panama City, FL Welcome to your dream coastal getaway! This beautiful 3-bedroom, 2-bathroom condo offers b...	3 beds \| 2 baths \| 1,262 sq.ft.	$420,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 0.51% Airbnb Rental Income: $2840 Traditional Rental Income: $2166 Airbnb ROI: 0.54% Traditional ROI: 0.51%
5116 Blue Harbor Drive Panama City, FL Gorgeous waterfront townhome with assigned boat slip on Pitts Bayou! Don't miss this beaut...	3 beds \| 3 baths \| 2,355 sq.ft.	$600,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 3.33% Airbnb Rental Income: $2840 Traditional Rental Income: $3152 Airbnb ROI: 1.6% Traditional ROI: 3.33%
4427 Fletcher Street Panama City, FL Don't miss this 4 bedroom 2 bath home with a view of the bay! The location is perfect for...	4 beds \| 2 baths \| 2,080 sq.ft.	$415,000	Airbnb cash on cash: 4.42% Traditional cash on cash: 4.48% Airbnb Rental Income: $3160 Traditional Rental Income: $2466 Airbnb ROI: 4.42% Traditional ROI: 4.48%
6504 N Lagoon Drive Panama City, FL Motivated seller! This vacation property has been tastefully upgraded! The newly updated g...	2 beds \| 2 baths \| 1,122 sq.ft.	$325,000	Airbnb cash on cash: 2.95% Traditional cash on cash: 2.68% Airbnb Rental Income: $2121 Traditional Rental Income: $1498 Airbnb ROI: 2.95% Traditional ROI: 2.68%
6201 Thomas Drive #302 Panama City, FL This beautifully updated Watercrest condo is sure to impress you and your guests! This bea...	2 beds \| 2 baths \| 1,404 sq.ft.	$710,000	Airbnb cash on cash: -1.28% Traditional cash on cash: -0.18% Airbnb Rental Income: $2121 Traditional Rental Income: $2302 Airbnb ROI: -1.28% Traditional ROI: -0.18%
817 Clement Drive Panama City, FL Beautiful Custom Home Located in a quiet Country Setting in Southport neighborhood. This ...	3 beds \| 2 baths \| 2,354 sq.ft.	$679,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 2.51% Airbnb Rental Income: $2840 Traditional Rental Income: $2464 Airbnb ROI: 2.06% Traditional ROI: 2.51%
6221 S Lagoon Drive Panama City, FL Experience luxury living in this meticulously renovated, fully furnished, turnkey townhous...	2 beds \| 2 baths \| 1,450 sq.ft.	$420,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.08% Airbnb Rental Income: $2121 Traditional Rental Income: $1998 Airbnb ROI: 2.01% Traditional ROI: 3.08%
5409 Duneridge Road Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS New LOWER Price!!If you're l...	3 beds \| 2 baths \| 1,504 sq.ft.	$308,000	Airbnb cash on cash: 5.73% Traditional cash on cash: 4.71% Airbnb Rental Income: $2840 Traditional Rental Income: $1882 Airbnb ROI: 5.73% Traditional ROI: 4.71%
550 J H Crews Circle Panama City, FL Welcome to your charming home in the peaceful Shadow Bay neighborhood, conveniently locate...	3 beds \| 2 baths \| 1,401 sq.ft.	$279,900	Airbnb cash on cash: 6.2% Traditional cash on cash: 4.92% Airbnb Rental Income: $2840 Traditional Rental Income: $1841 Airbnb ROI: 6.2% Traditional ROI: 4.92%
4820 N Lakewood Drive Panama City, FL Check out this Unique Water Front property that can be used for a variety of purposes or a...	2 beds \| 3 baths \| 4,330 sq.ft.	$675,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 3.09% Airbnb Rental Income: $2121 Traditional Rental Income: $2881 Airbnb ROI: 1.03% Traditional ROI: 3.09%
4003 E 12th Court Panama City, FL Home is a 3 Bedroom/2 Bathroom brick home on a cul-de-sac...move in ready...Garage has bee...	3 beds \| 2 baths \| 1,568 sq.ft.	$265,000	Airbnb cash on cash: 6.5% Traditional cash on cash: 6.24% Airbnb Rental Income: $2840 Traditional Rental Income: $2112 Airbnb ROI: 6.5% Traditional ROI: 6.24%
6719 Pridgen Street Panama City, FL This charming 3 bedroom 2 bath home is located near the Tyndall Air Force base. As you ent...	3 beds \| 2 baths \| 1,486 sq.ft.	$230,000	Airbnb cash on cash: 7.86% Traditional cash on cash: 7.34% Airbnb Rental Income: $2840 Traditional Rental Income: $2065 Airbnb ROI: 7.86% Traditional ROI: 7.34%
147 Kraft Avenue Panama City, FL Great home in Millville for your family! This home sits on a large lot that is adjacent t...	3 beds \| 2 baths \| 1,870 sq.ft.	$229,000	Airbnb cash on cash: 8.22% Traditional cash on cash: 9.16% Airbnb Rental Income: $2840 Traditional Rental Income: $2382 Airbnb ROI: 8.22% Traditional ROI: 9.16%
2827 Cynthia Court Panama City, FL This home is centrally located, in Panama City, close to shopping and restaurants, within ...	3 beds \| 2 baths \| 1,358 sq.ft.	$295,000	Airbnb cash on cash: 5.93% Traditional cash on cash: 5.17% Airbnb Rental Income: $2840 Traditional Rental Income: $1968 Airbnb ROI: 5.93% Traditional ROI: 5.17%
3423 High Cliff Road Panama City, FL If you would like to be in a neighborhood but still have space this charming all-brick res...	3 beds \| 2 baths \| 2,117 sq.ft.	$495,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 3.2% Airbnb Rental Income: $2840 Traditional Rental Income: $2333 Airbnb ROI: 2.87% Traditional ROI: 3.2%
3003 W 21st Court Panama City, FL OPEN HOUSE, Friday 18th from 1pm to 3pm. 25k Price Reduction! 3003 W 21st St, located in...	4 beds \| 2 baths \| 1,444 sq.ft.	$254,900	Airbnb cash on cash: 7.89% Traditional cash on cash: 5.86% Airbnb Rental Income: $3160 Traditional Rental Income: $1957 Airbnb ROI: 7.89% Traditional ROI: 5.86%
9900 S Thomas Drive #1707 Panama City, FL Discover the epitome of coastal living in this meticulously updated 2 master bedroom, 3-ba...	2 beds \| 3 baths \| 1,148 sq.ft.	$430,000	Airbnb cash on cash: -1.54% Traditional cash on cash: 1.29% Airbnb Rental Income: $2121 Traditional Rental Income: $2717 Airbnb ROI: -1.54% Traditional ROI: 1.29%
9902 S Thomas Drive #1630 Panama City, FL Welcome to your new 2 Bed/2 Bath, with bonus bunk room, Income-Generating Beach Condo with...	3 beds \| 2 baths \| 1,262 sq.ft.	$295,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 1.18% Airbnb Rental Income: $2840 Traditional Rental Income: $2118 Airbnb ROI: 1.39% Traditional ROI: 1.18%

Real Estate investment in Panama-city, FL

There are 449 properties for sale in the city of Panama City . The median list price in Panama City is $335,000 and the average price per square foot is $196. In December 2024, the average monthly cash on cash return in Panama City is 5.00%. The average monthly rental income in Panama City is $2,163.

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

There are 449 investment properties available for sale in Panama-city.

In 2024, the best neighborhood to buy investment property is Panama City.

The ROI for Long-Term is higher than the Short-Term in Panama-city with average rental income of $2,163.

Your search for investment property begins and ends here

Investment Property for Sale in Panama City, FL

3104 E Heartleaf Avenue

Panama City, FL

4 beds | 3 baths | 2,270 sq.ft.

$625,000

Airbnb cash on cash: 1.99%

Traditional cash on cash: 2.57%

Airbnb Rental Income: $3160

Traditional Rental Income: $2783

Airbnb ROI: 1.99%

Traditional ROI: 2.57%

4120 Danny Drive

Panama City, FL

4 beds | 3 baths | 2,240 sq.ft.

$1,299,000

Airbnb cash on cash: 0.15%

Traditional cash on cash: 0.8%

Airbnb Rental Income: $3160

Traditional Rental Income: $3227

Airbnb ROI: 0.15%

Traditional ROI: 0.8%

428 Wahoo Road

Panama City, FL

3 beds | 3 baths | 2,169 sq.ft.

$539,000

Airbnb cash on cash: 2.12%

Traditional cash on cash: 3.24%

Airbnb Rental Income: $2840

Traditional Rental Income: $2740

Airbnb ROI: 2.12%

Traditional ROI: 3.24%

4121 Cobia Street

Panama City, FL

3 beds | 3 baths | 2,317 sq.ft.

$599,999

Airbnb cash on cash: 1.84%

Traditional cash on cash: 2.87%

Airbnb Rental Income: $2840

Traditional Rental Income: $2755

Airbnb ROI: 1.84%

Traditional ROI: 2.87%

7143 Riverbrooke Street

Panama City, FL

3 beds | 2 baths | 1,615 sq.ft.

$274,000

Airbnb cash on cash: 6.15%

Traditional cash on cash: 5.6%

Airbnb Rental Income: $2840

Traditional Rental Income: $2036

Airbnb ROI: 6.15%

Traditional ROI: 5.6%

3323 Nautical Drive

Panama City, FL

3 beds | 2 baths | 2,468 sq.ft.

$494,755

Airbnb cash on cash: 2.64%

Traditional cash on cash: 3.01%

Airbnb Rental Income: $2840

Traditional Rental Income: $2347

Airbnb ROI: 2.64%

Traditional ROI: 3.01%

5903 Sunset Avenue

Panama City, FL

4 beds | 5 baths | 2,464 sq.ft.

$1,100,000

Airbnb cash on cash: 0.93%

Traditional cash on cash: 3.15%

Airbnb Rental Income: $3160

Traditional Rental Income: $4716

Airbnb ROI: 0.93%

Traditional ROI: 3.15%

1121 Cone Avenue

Panama City, FL

3 beds | 2 baths | 1,420 sq.ft.

$225,000

Airbnb cash on cash: 7.57%

Traditional cash on cash: 6.9%

Airbnb Rental Income: $2840

Traditional Rental Income: $2035

Airbnb ROI: 7.57%