Lullwater Beach Real Estate

Welcome to Lullwater Beach, a hidden gem nestled in the heart of Panama City Beach, Florida. This enchanting subdivision offers a perfect blend of tranquility and coastal charm, making it an ideal destination for families, retirees, and anyone seeking a slice of paradise.

Lullwater Beach is renowned for its picturesque surroundings, featuring lush landscapes, serene lakes, and a backdrop of swaying palm trees. The community is designed with a focus on outdoor living, providing residents with ample opportunities to explore nature through scenic walking trails, bike paths, and community parks. With the stunning Gulf of Mexico just a stone's throw away, residents can enjoy sun-soaked days on the beach, indulge in water sports, or simply relax while soaking in breathtaking sunsets.

The subdivision boasts a variety of beautifully crafted homes, each designed with comfort and style in mind. From charming cottages to modern family residences, there's something to suit every taste and lifestyle. The community fosters a friendly atmosphere, where neighbors become friends and families create lasting memories.

Conveniently located near shopping, dining, and entertainment options, Lullwater Beach ensures that all your needs are just minutes away. Enjoy fresh seafood at local eateries, explore boutique shops, or take part in the vibrant nightlife that Panama City Beach is known for.

Whether you're looking for a permanent residence or a vacation getaway, Lullwater Beach offers an idyllic coastal lifestyle that you'll cherish for years to come. Embrace the beauty and charm of this captivating community, where every day feels like a vacation!

Newest Listings in Lullwater Beach

$749,900

792441 MLS

An Extraordinary Waterfront Opportunity with Gulf Views in Panama City Beach Opportunities like this are becoming increasingly rare. Perfectly positioned along Front Beach Road, this exceptional waterfront property offers a breathtaking setting between Lullwater Lake and Star Lake, while also capturing beautiful views of the emerald waters of the Gulf of America. Imagine watching spectacular sunsets paint the sky each evening as the shimmering Gulf provides a stunning backdrop just moments away. This unique property combines the serenity of lakefront living with the excitement and convenience of one of Panama City Beach's most desirable locations. Wake up to peaceful water views, enjoy gentle coastal breezes, and experience the best of Florida's waterfront lifestyle with the beach just across the street. Whether you're envisioning a luxury coastal estate, an exclusive vacation retreat, or a premier development opportunity, the possibilities are truly endless. The property's elevated position offers the potential to maximize panoramic views of the Gulf of America while preserving the tranquil beauty of the surrounding lakes. Just minutes from Pier Park, Frank Brown Park, world-class dining, shopping, entertainment, and Northwest Florida Beaches International Airport, this property delivers the perfect balance of privacy, convenience, and investment potential.

16544 Front Beach Road, Panama City Beach

Listing courtesy of Emerald Coast Realty Group.

$749,900

792311 MLS

16544 Front Beach Road, Panama City Beach

Listing courtesy of Emerald Coast Realty Group.

$2,750,000

5 Beds ⋅ 3 Baths ⋅ 790697 MLS

This all-brick, gulf-front home sits on 50 feet of open beach frontage in the heart of Panama City Beach, steps from Pier Park and directly on the sand. No high-rise above it and no HOA. Just direct beachfront access and uninterrupted gulf frontage. The 1,200 sq ft deck spans the full width of the home - nearly all of it just updated - built around what actually matters here: the view, the breeze, and the kind of Florida weather that keeps you outside most of the year. Mornings start with coffee and soft light over the water. Afternoons settle into open space and steady salt air. Evenings stretch into wide, unobstructed sunsets that run clean across the horizon. Inside, a full wall of newly installed, impact-rated hurricane glass opens the main living area to constant water views while delivering the kind of storm protection that matters on the Gulf. Tile floors throughout keep things low-maintenance after time on the sand. A white brick fireplace handles the cooler months. Five bedrooms and three bathrooms allow the home to comfortably accommodate extended stays, larger groups, or consistent vacation rental use. The gulf-front primary suite opens directly onto the deck. The property is currently operating as a successful short-term rental. A brick-paved driveway provides parking for three vehicles. Brick construction is a rarity on the Gulf. What was built to last has lasted - and in a market where gulf-front lots are essentially gone, the land itself carries weight. Direct beach frontage at this location, no HOA, no deed restrictions - the kind of position that's worth holding regardless of what sits on it. Whether the play is enjoy it now, rent it, or eventually redevelop, the optionality here is real. Schedule your private showing.

16501 Front Beach Road, Panama City Beach

Listing courtesy of Berkshire Hathaway HomeServices Beach Properties of Florida.

$3,195,000

6 Beds ⋅ 7 Baths ⋅ 790181 MLS

Experience the ultimate in luxury coastal living with this newly constructed beach retreat on the highly desirable West End of Panama City Beach. Offering 3,302 square feet of thoughtfully designed living space, this exceptional home features 6 spacious bedrooms, each with its own private ensuite bath, creating the perfect setup for large families, vacation guests, or premium rental opportunities. Designed to comfortably accommodate up to 16 guests, the home showcases an expansive open-concept great room ideal for entertaining, along with a separate recreation room conveniently located near the pool area. Two laundry rooms provide added convenience for larger groups and extended stays. Perfectly positioned for enjoying the Gulf Coast lifestyle, this property offers beautiful Gulf views and beach access located just across the street, with two public access points only a short walk away. The outdoor living experience is equally impressive, featuring a large private pool with a sun shelf that can also function as a spa, a covered pavilion, and a fully equipped outdoor kitchen designed for entertaining. The backyard oasis is enhanced with lush artificial turf, generous green space, and an integrated Sonos sound system throughout the pool area, balconies, and main living spaces. Additional highlights include parking for up to six vehicles and a fully furnished interior professionally designed with refined coastal elegance. Whether you are seeking a primary residence, second home, or high-performing short-term rental investment, this turnkey property is fully equipped and ready for immediate enjoyment or rental management. Just steps from the sugar-white sands and emerald waters of the Gulf of Mexico, this home offers the perfect combination of luxury, location, and investment potential on Panama City Beach.

21814 Front Beach Road, Panama City Beach

Listing courtesy of Beach Time Realty, Inc.

$290,000

2 Beds ⋅ 2 Baths ⋅ 789820 MLS

Welcome to Lullwater Beach Unit 411, ideally situated just steps away from the beach! HVAC system (2022), washer and dryer (2023), and water heater (2022). This recently updated, freshly painted, and fully furnished 2-bedroom, 2-bath condo offers the perfect combination of coastal charm and strong investment potential. The property already has numerous secured future bookings for 2026, with projected gross rental income estimated to reach approximately $40K by the end of the year. Tastefully furnished and rental-ready, this condo comfortably sleeps up to 6 guests and features an updated kitchen with newer appliances, luxury vinyl plank flooring throughout the living room, kitchen, and bedrooms, along with tile flooring in both bathrooms. Both bathrooms have been upgraded with beautifully tiled showers. Enjoy relaxing by the community pool or taking in tranquil lake views from your private back porch overlooking Lullwater Lake. Located less than half a mile from Pier Park, about one mile from Frank Brown Park, and only minutes from dining, shopping, and entertainment, this property is an excellent option for a vacation home, primary residence, or income-producing rental. The Lullwater community has recently undergone extensive exterior upgrades, including new siding, roofs, decks, and staircases. Owners also benefit from ample parking and a pet-friendly environment. This turnkey beach retreat is a fantastic opportunity in one of Panama City Beach's most convenient and desirable locations.

301 Lullwater Drive Unit 411, Panama City Beach

Listing courtesy of Keller Williams Success Realty.

$248,000

2 Beds ⋅ 2 Baths ⋅ 789034 MLS

Best value in Lullwater Condos - just steps from beach! This beautifully renovated 2Bd/ 2Ba condo offers the perfect blend of comfort, location, and investment potential. Enjoy relaxing by the community pool or taking in peaceful lake views from your private back porch overlooking Lullwater Lake. This rental-ready unit comfortably sleeps up to 8 and features an updated kitchen, renovated primary bathroom, newer A/C (2024), washer and dryer (2024), and water heater (2022). Durable and stylish vinyl plank flooring has been recently installed throughout, enhancing both appeal and functionality. The condo also overlooks the pool, adding to its desirable setting. With numerous future bookings already secured for 2026, this is an excellent opportunity for immediate rental income. Ideally located less than half a mile from Pier Park, about a mile from Frank Brown Park, and just minutes from popular attractions, dining, and entertainment, this property is perfect as a vacation getaway, full-time residence, or income-producing rental. The community has undergone significant upgrades, including new siding, roofs, decks, and stairs. Plenty of parking and pet-friendly for owners. Don't miss this opportunity to own a turnkey beachside condo in one of Panama City Beach's most convenient locations!

301 Lullwater Drive Unit 435, Panama City Beach

Listing courtesy of Keller Williams Success Realty.

$2,696,000

6 Beds ⋅ 7 Baths ⋅ 998705 MLS

Welcome to The Grand Villa's at the Pier, the villa was completed and C.O. in late Oct. This perfectly designed, Beach House is well equipped for rentals and or as a private beach house. Designed to sleep 16, this great rental house is in the heart of Pier Park and the Pier, all within walking distance. A private pool/sauna and plenty of parking on the back of the property, designed to access without the traffic of Front Beach Road. in addition, there are two very close beach access points and a fantastic Gulf view. All this plus luxury finishings, Sono's sound system on every deck and patios and fully furnished.

16418 Front Beach Rd, Panama City Beach

Listing courtesy of Beach Time Realty Inc.

$255,000

2 Beds ⋅ 2 Baths ⋅ 994912 MLS

Discover the hidden gem of Lullwater Unit 417. Nestled on Lullwater Lake, you can literally see Pier Park from the balcony. Inside this 2-bedroom, 2-bath condo you will find updated bathrooms and an updated kitchen with newer cabinets and appliances, making this unit both stylish and functional. Lullwater Condominiums has undergone extensive exterior improvements, including an impact-resistant front door and windows, new roof, new siding, and new steps and deck, giving the community a fresh, modern look. Major systems have also been updated including a new AC installed in 2023 and a new washer/dryer in 2024, providing peace of mind for owners and investors alike. Ideally located just across Front Beach Road from the beach, ½ mile from Pier Park, 1 mile from Frank Brown Park, and minutes from Dolly Parton's Pirate Voyage and Topgolf, this condo truly has it allwhether you're looking for a vacation retreat, investment property, or full-time residence.

301 Lullwater Dr Unit UNIT 417, Panama City Beach

Listing courtesy of Corcoran Reverie SRB.

$255,000

2 Beds ⋅ 2 Baths ⋅ 784984 MLS

Discover the hidden gem of Lullwater Unit 417. Nestled on Lullwater Lake, you can literally see Pier Park from the balcony. Inside this 2-bedroom, 2-bath condo you will find updated bathrooms and an updated kitchen with newer cabinets and appliances, making this unit both stylish and functional. Lullwater Condominiums has undergone extensive exterior improvements, including an impact-resistant front door and windows, new roof, new siding, and new steps and deck, giving the community a fresh, modern look. Major systems have also been updated including a new AC installed in 2023 and a new washer/dryer in 2024, providing peace of mind for owners and investors alike. Ideally located just across Front Beach Road from the beach, ½ mile from Pier Park, 1 mile from Frank Brown Park, and minutes from Dolly Parton's Pirate Voyage and Topgolf, this condo truly has it all—whether you're looking for a vacation retreat, investment property, or full-time residence.

301 Lullwater Drive Unit 417, Panama City Beach

Listing courtesy of Corcoran Reverie.

$249,900

2 Beds ⋅ 2 Baths ⋅ 765178 MLS

*$30k Price Improvement!!* LOWEST PRICED townhome available in Lullwater Beach!! Low density lake-front community located directly across from ''The World's Most Beautiful Beaches''. Full 2bd/2bth unit with amazing sunrise view! Turn-Key. Fully furnished and ready for your Retirment/Vacation/Rental needs. Walk to dining and entertainment and everything that Pier Park has to offer! Lake with fishing dock, community pool and shuffleboard. Interior: Updates include new tinted windows and door wall, paint, A/c condenser. Exterior: All buildings have NEW siding, roofs, decks, and steps. Owner pets allowed.

301 Lullwater Drive Unit 401, Panama City Beach

Listing courtesy of Keller Williams Success Realty.

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