Panama City Townhomes for Sale

Welcome to Panama City, Florida – a charming coastal gem nestled in Bay County, where the sun kisses the Gulf of Mexico and vibrant community life flourishes. Known for its stunning beaches, rich history, and a friendly atmosphere, Panama City is an ideal destination for families, retirees, and everyone in between. With its warm climate and outdoor recreational opportunities, residents enjoy year-round access to water sports, fishing, and hiking in nearby nature preserves.

In the heart of this picturesque city, you’ll find an array of beautiful townhomes for sale, perfect for those seeking a blend of comfort and convenience. These townhomes offer modern living with a touch of coastal charm, featuring spacious layouts, contemporary designs, and easy access to the area's finest amenities. Imagine waking up to the sound of waves and enjoying your morning coffee on a private balcony, all while being just minutes away from the pristine shores of Panama City Beach.

Whether you’re looking for a cozy retreat or a vibrant community atmosphere, the townhomes here cater to diverse lifestyles. Many are located near shopping, dining, and entertainment options, ensuring that everything you need is within reach. With its welcoming neighborhoods and a strong sense of community, Panama City is not just a place to live; it’s a place to thrive.

Explore the townhomes for sale in this beautiful city and discover the perfect blend of coastal living and modern convenience. Your dream home awaits in Panama City, where every day feels like a vacation!

Newest Panama City Townhomes for Sale

$170,000

2 Beds ⋅ 2 Baths ⋅ 1007711 MLS

Welcome to this beautifully renovated, move-in ready property that truly needs no work. From the moment you walk in, you'll notice the fresh updates, clean finishes, and thoughtful improvements throughout. This home offers a bright and inviting layout, updated features, and a modern feel that makes it easy to settle in right away. Whether you're looking for a primary residence, second home, or investment opportunity, this property is ready for its next owner. With all the hard work already done, you can move in and start enjoying it immediately. Priced to sell, this is an excellent opportunity to own a newly renovated property without the stress of repairs or updates. Don't miss your chance to make this one yours!

5010 Hickory St, Panama City

Listing courtesy of EXP Realty LLC.

$315,000

4 Beds ⋅ 2 Baths ⋅ 1007447 MLS

Completely Renovated 4-Bedroom Block Home on a Spacious Corner Lot with Solar Panels & No HOA Welcome to 176 N Anita Drive, a beautifully renovated block home on a slab foundation situated on a generous 0.41-acre corner lot. This move-in-ready property offers 4 bedrooms, 2 bathrooms, modern upgrades throughout, and the freedom of no HOA. Every major system has been updated for peace of mind, including newer plumbing, newer electrical, a newer HVAC system with updated ductwork, luxury vinyl plank flooring throughout, and a tankless hot water heater. The roof was replaced in 2019, adding even more long-term value. The stunning kitchen is designed to impress, featuring: Quartz countertops Large center island with additional workspace and seating LG stainless steel appliance package, including a gas range and InstaView touchscreen refrigerator White shaker-style cabinetry with abundant storage Oversized sink Sleek black glass backsplash Recessed lighting for a bright, modern feel Natural light fills the home, complemented by stylish contemporary light fixtures throughout. A charming barn door leads from the kitchen into the spacious primary suite, which also offers its own private entrance from the front of the home. The primary suite serves as a relaxing retreat with a large walk-in closet and a luxurious ensuite bathroom featuring a custom tile-to-the-ceiling walk-in shower and double vanity. Step outside to a large, fenced backyard offering endless possibilities. With 0.41 acr

176 N Anita Dr, Panama City

Listing courtesy of Gulf Life Real Estate Inc.

$129,000

3 Beds ⋅ 2 Baths ⋅ 1007314 MLS

Charming Panama City Opportunity with Endless Potential! Discover the possibilities at 813 E 9th St! This traditional 3-bedroom, 2-bathroom single-family home features 1,228 square feet of functional living space, providing a solid foundation for your next investment project or personal customization. Situated on a city-accessible lot with public utilities and central electric AC, this property represents a fantastic blank canvas for investors looking to flip, landlords adding to a rental portfolio, or handy buyers eager to build sweat equity. Don't miss out on an affordable piece of Panama City real estate--schedule your tour today

813 E 9th St, Panama City

Listing courtesy of Beach Realty of Florida.

$460,000

4 Beds ⋅ 3 Baths ⋅ 1005118 MLS

Welcome to 1319 Capri Drive, an end-unit waterfront townhome offering direct North Bay access, room for up to a 35' boat, NO HOA, and fully paid solar panels. Whether you're heading out for a day of fishing, cruising to Shell Island, or simply relaxing by the water, this property delivers the Florida coastal lifestyle so many are looking for. Following Hurricane Michael, the owners meticulously rebuilt this home from the studs out with the intention of making it their forever home. Quality craftsmanship and thoughtful improvements can be found throughout, including a new seawall, impact-resistant windows and doors, roof, HVAC system, electrical, water heater, exterior siding, flooring, completely renovated kitchen and bathrooms and much more. The rear deck overlooking the canal has also been rebuilt, creating the perfect spot to enjoy morning coffee and afternoon barbecues. As an end unit, the home benefits from additional privacy, abundant natural light, and only one shared wall, which was rebuilt with soundproofing insulation for enhanced comfort. A portion of the garage has been converted into a heated and cooled fourth bedroom, creating flexible space for guests, a home office, or multi-generational living. With short-term rentals allowed, the home also offers excellent potential as a vacation rental or second-home investment. Conveniently located near Tyndall Air Force Base, Lynn Haven Sports Complex, hospitals, shopping, dining and Panama City's beautiful beaches.

1319 Capri Dr, Panama City

Listing courtesy of EXP Realty LLC.

$565,000

4 Beds ⋅ 5 Baths ⋅ 1004979 MLS

Enjoy breathtaking water views from every floor of this beautifully positioned waterfront townhome. Designed with flexibility in mind, this property offers multiple possibilities for full-time living, vacation use, or income production. The spacious layout can accommodate separate living areas, making it ideal for multi-generational living or maximizing rental potential. An additional top-floor bonus room provides the perfect space for a home office, bunk room, hobby area, or guest accommodations. Whether you're looking for a primary residence, second home, or investment property, this townhome offers the versatility to fit your needs. Short-term rentals are permitted, creating an excellent opportunity for additional income. Located adjacent to the City's newly completed boat launch facility, this property is perfectly situated for boating enthusiasts. There is also the potential to obtain a private boat slip at the neighboring marina, with accommodations for boats up to 35 feet.

306 Penny Ct, Panama City

Listing courtesy of EXP Realty LLC.

$205,000

3 Beds ⋅ 3 Baths ⋅ 1004077 MLS

Welcome to 545 Palermo! This charming 3-bedroom, 2.5-bath townhome is conveniently located between Lynn Haven and Panama City, close to shopping, dining, and some of Bay County's top schools. With over 1,300 square feet of living space, the home offers a comfortable layout ideal for everyday living or entertaining. Inside, you'll find tasteful finishes throughout, including luxury vinyl flooring in the main living areas, granite countertops, stainless appliances, and updated cabinetry in the kitchen. The spacious living areas and natural light create a warm and inviting feel throughout the home. The backyard is a standout feature with privacy fencing and no rear neighbors as the property backs up to a preserve, creating a peaceful setting to relax or entertain. Located just minutes from Publix, Starbucks, local restaurants, gyms, parks, and everyday conveniences, this home is perfectly positioned for an active lifestyle. Enjoy nearby sidewalks for walking or running, quick access to the bay for fishing and boating, and convenient proximity to local churches and community amenities. Well maintained and perfectly move-in ready, this home offers comfort, convenience, and value all in one.

545 Palermo Rd, Panama City

Listing courtesy of EXP Realty LLC.

$125,000

2 Beds ⋅ 2 Baths ⋅ 1003787 MLS

TURNKEY INVESTMENT OPPORTUNITY | NO HOA Welcome to this beautifully renovated townhouse offering modern updates, low-maintenance living, and excellent investment potential. Ideal for first-time homebuyers, long-term rentals, or short-term rental opportunities, this move-in-ready property features 2 bedrooms and 1.5 bathrooms with thoughtful upgrades throughout. The interior showcases fresh paint, updated flooring throughout with no carpet, and abundant natural light from newly installed windows. The kitchen has been refreshed with new cabinetry and sinks, creating a clean and functional space for everyday living. Additional improvements include renovated attic space with updated plumbing, along with new wood flooring and railing at the rear of the home, enhancing both style and functionality. With no HOA fees, this property offers flexibility, convenience, and exceptional value. Conveniently located and thoughtfully updated, this is an opportunity you do not want to miss. Schedule your private showing today. All measurements are approximate and should be verified by buyer. Furniture does not convey.

1730 Mallard Dr Unit APT F, Panama City

Listing courtesy of Watersound Real Estate.

$270,000

3 Beds ⋅ 3 Baths ⋅ 1003408 MLS

Seller will contribute $5,000 towards Buyers closings costs! Welcome to Sunbay Townhomes, a rare chance to own a versatile property with prime visibility and beautiful water views in Panama City. Perfectly positioned along a high-traffic corridor, this property offers endless potential whether you're looking for a primary residence, investment opportunity, or a unique live/work setup. Enjoy stunning sunrises over the water and the convenience of quick access to Tyndall Air Force Base, shopping, dining, and downtown Panama City. Inside, the home features a functional layout ready for your personal touch. Large windows invite in natural light and showcase the peaceful surroundings, while the outdoor space offers plenty of room to relax, take in the coastal breeze while you walk on the beach. Whether you're an investor, business owner, or homeowner looking for a property with character and potential, this one checks all the boxes. Don't miss your chance to own a piece of the coast with high visibility and endless possibilities, book your private showing today.

6089 E Hwy 98 Bus, Panama City

Listing courtesy of ERA Neubauer Commercial.

$145,000

2 Beds ⋅ 1 Baths ⋅ 1002878 MLS

Updated, End Unit, gated backyard and additional privacy! Move in ready, this 2 bedroom, 1.5 bath townhome at 3117 Debra Blvd offers the flexibility buyers are looking for, whether as a primary residence, second home, or income producing investment. Inside, you will find tile flooring throughout the first floor and updated LVP upstairs, along with renovated bathrooms and a clean, modern feel from top to bottom. The kitchen features stainless steel appliances, making it both functional and appealing. Step outside to enjoy a covered back porch and a balcony overlooking the fully privacy fenced backyard, ideal for relaxing, entertaining, or letting pets roam. With strong potential for both long term and short term rental income, this one is ready to go from day one.

3117 Debra Blvd, Panama City

Listing courtesy of EXP Realty LLC.

$224,900

3 Beds ⋅ 3 Baths ⋅ 996683 MLS

Welcome to 1824 Mallard Dr, Unit B, a well-maintained residence located in a quiet Panama City neighborhood. This inviting unit offers a functional layout with comfortable living spaces, ideal for homeowners or investors alike. Enjoy a bright interior with neutral finishes, ample natural light, and a seamless flow between living, dining, and kitchen areas. The property provides convenient access to shopping, dining, schools, and Tyndall Air Force Base, while still offering a peaceful residential setting. Whether you're looking for a primary residence, rental opportunity, or low-maintenance living, this property delivers excellent value in a growing area of Panama City. Schedule your showing today and explore the possibilities this home has to offer.

1824 Mallard Dr Unit B, Panama City

Listing courtesy of Counts Real Estate Group Inc.

$630,500

9 Beds ⋅ 8 Baths ⋅ 986541 MLS

This impressive two-story quadplex in Panama City presents a prime investment opportunity. Fully rented and generating $4,950 monthly, this eight-bedroom, nine-bathroom property spans more than 4,280 square feet of heated and cooled space. With a new roof, newer water heaters and updated interiors and exteriors, this property offers both stability and modern amenities. Comprising three two-bedroom, 1.5-bath units (972 square feet each) and one spacious three-bedroom, two-bath unit (1,364 square feet), this property is designed to attract and retain tenants. Each unit features updated flooring, refreshed kitchens and new paint throughout. The exterior has been similarly revitalized, ensuring excellent curb appeal. Ideal for investors and military personnel, this property is located in a great area, offering easy access to local amenities and services. With a new HVAC system and updated fixtures, this quadplex is fully equipped to continue generating reliable rental income.

141 Cheri Ln, Panama City

Listing courtesy of Scenic Sotheby's International Realty.

$90,000

2 Beds ⋅ 2 Baths ⋅ 981586 MLS

Investor Special! This partially renovated gem in Panama City is ready for your final touches and vision. Located just minutes from Tyndall Parkway and a short drive to Tyndall Air Force Base, this property sits in a convenient and growing area with strong rental demand. The exterior has already been updated with a clean, fresh look, and much of the interior groundwork has been started offering a head start for your next flip or long-term hold. The heavy lifting is done, and now it's a blank canvas ready for drywall, finishes, and final design. Whether you're looking to complete a quick flip or add to your rental portfolio, this is the kind of value-add opportunity that savvy investors watch for. With solid bones, recent improvements, and the freedom to finish it your way, 1013 Georgia Ave APT A is a chance to get in before the next wave of growth. This one likely won't qualify for traditional financing, so cash or renovation loans will be key. Don't miss your chance to transform this property and reap the rewards opportunities like this don't come around often!

1013 Georgia Ave Unit # A, Panama City

Listing courtesy of ERA American Real Estate.

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