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$995,000

This is a rare find on the east side of Panama City Beach. Three attached townhomes with 2 bedrooms 2 baths each, single car carport for each unit, new windows, sheetrock, glass doors, and roof. The property had some damages from Hurricane Michael. Most things have been fixed except cosmetics. Shared pool in the back with nice deck for entertaining. Approximately 1 block from Beach Access 17. Perfect for an investor! More photos to come!

6 Beds ⋅ 6 Baths ⋅ 795113 MLS

This is a rare find on the east side of Panama City Beach. Three attached townhomes with 2 bedrooms 2 baths each, single car carport for each unit, new windows, sheetrock, glass doors, and roof. The property had some damages from Hurricane Michael. Most things have been fixed except cosmetics. Shared pool in the back with nice deck for entertaining. Approximately 1 block from Beach Access 17. Perfect for an investor! More photos to come!

4111 Appalachee Street Unit A, Panama City Beach

Listing courtesy of Realty One of Northwest Florida LLC.

$650,000

Just steps from the sugar-white sands of Panama City Beach, this income-producing vacation rental offers the location and amenities guests are looking for in a beach getaway. Currently operating as Palm Breeze Retreat, this 3-bedroom, 2.5-bath property is completely furnished, accommodates up to 10 guests and is located in the Villas of Panama with a community pool and beach access just a short walk away. Inside, you'll find an inviting living area, dining space, and fully equipped kitchen with stainless steel appliances, stone countertops, and ample cabinetry. Sleeping arrangements are ideal for families and groups, while multiple balconies provide additional space to relax and enjoy the coastal air. A converted garage game room adds even more guest appeal with arcade games, air hockey, darts, basketball, and more. Outdoor spaces include balconies, a patio and grill area, plus a second-floor balcony overlooking the community pool. Located near Thomas Drive, St. Andrews State Park, dining, charter fishing, water activities, golf, shopping, and entertainment. Whether you're looking to expand your investment portfolio, own a vacation rental near the Gulf, or enjoy a beach retreat of your own, this property offers an exciting opportunity in Panama City Beach.

3 Beds ⋅ 3 Baths ⋅ 1011397 MLS

Just steps from the sugar-white sands of Panama City Beach, this income-producing vacation rental offers the location and amenities guests are looking for in a beach getaway. Currently operating as Palm Breeze Retreat, this 3-bedroom, 2.5-bath property is completely furnished, accommodates up to 10 guests and is located in the Villas of Panama with a community pool and beach access just a short walk away. Inside, you'll find an inviting living area, dining space, and fully equipped kitchen with stainless steel appliances, stone countertops, and ample cabinetry. Sleeping arrangements are ideal for families and groups, while multiple balconies provide additional space to relax and enjoy the coastal air. A converted garage game room adds even more guest appeal with arcade games, air hockey, darts, basketball, and more. Outdoor spaces include balconies, a patio and grill area, plus a second-floor balcony overlooking the community pool. Located near Thomas Drive, St. Andrews State Park, dining, charter fishing, water activities, golf, shopping, and entertainment. Whether you're looking to expand your investment portfolio, own a vacation rental near the Gulf, or enjoy a beach retreat of your own, this property offers an exciting opportunity in Panama City Beach.

7824 Thomas Dr, Panama City Beach

Listing courtesy of Salty Marlin Realty.

$1,825,000

On the Emerald Coast, gulf-front properties with documented short-term rental income north of $167,000 a year don't need an introduction. They need a showing. This is 8011 Surf Drive, Unit A. Panama City Beach, FL. And it performs. Sitting on the quiet east end of PCB -- away from the congestion of Pier Park but still close to everything that matters -- Surf Drive is the kind of address serious vacation rental investors look for and rarely find. Low traffic. Semi-private beach frontage. Direct Gulf of America views from three stories of private living space. The property spans 3,076 heated square feet across three full floors. Five bedrooms. Five bathrooms. Multiple gulf-facing balconies on every level. A brand new hot tub. A 2-car garage. No shared amenities. No HOA fees cutting into your returns. No elevator banks full of strangers. Just a private Gulf of America beach house, ready to generate income from day one. The rental history speaks for itself. This Panama City Beach investment property averaged $167,390 in annual gross revenue over the past four years -- with a peak year of $180,478. Already at $61,320 through May 2026, with the heart of summer rental season underway. The hot tub was replaced in late 2025, fully refreshing the asset ahead of its strongest season. For the buyer who wants a Gulf of America beach house that doubles as a high-performing Emerald Coast short-term rental -- turn-key, no HOA, documented income, fairly priced -- this is it. Schedule your private showing today.

5 Beds ⋅ 5 Baths ⋅ 792400 MLS

On the Emerald Coast, gulf-front properties with documented short-term rental income north of $167,000 a year don't need an introduction. They need a showing. This is 8011 Surf Drive, Unit A. Panama City Beach, FL. And it performs. Sitting on the quiet east end of PCB -- away from the congestion of Pier Park but still close to everything that matters -- Surf Drive is the kind of address serious vacation rental investors look for and rarely find. Low traffic. Semi-private beach frontage. Direct Gulf of America views from three stories of private living space. The property spans 3,076 heated square feet across three full floors. Five bedrooms. Five bathrooms. Multiple gulf-facing balconies on every level. A brand new hot tub. A 2-car garage. No shared amenities. No HOA fees cutting into your returns. No elevator banks full of strangers. Just a private Gulf of America beach house, ready to generate income from day one. The rental history speaks for itself. This Panama City Beach investment property averaged $167,390 in annual gross revenue over the past four years -- with a peak year of $180,478. Already at $61,320 through May 2026, with the heart of summer rental season underway. The hot tub was replaced in late 2025, fully refreshing the asset ahead of its strongest season. For the buyer who wants a Gulf of America beach house that doubles as a high-performing Emerald Coast short-term rental -- turn-key, no HOA, documented income, fairly priced -- this is it. Schedule your private showing today.

8011 Surf Drive Unit A, Panama City Beach

Listing courtesy of LPT Realty LLC.

$999,900

Gulf Front 2 bedroom 3 full bath townhome. Park at your front door. No elevator to wait on. Walk in and go right out to the beach. The spacious family room with a nice deck is a great place for entertainment. Each of the upstairs bedrooms have their own bath. The full bath downstairs is a nice extra when you have company. This townhome is the perfect place to relax. Make an appointment to see it today.

2 Beds ⋅ 3 Baths ⋅ 791636 MLS

Gulf Front 2 bedroom 3 full bath townhome. Park at your front door. No elevator to wait on. Walk in and go right out to the beach. The spacious family room with a nice deck is a great place for entertainment. Each of the upstairs bedrooms have their own bath. The full bath downstairs is a nice extra when you have company. This townhome is the perfect place to relax. Make an appointment to see it today.

7719 Surf Drive, Panama City

Listing courtesy of Counts Real Estate Group Inc.

$1,730,000

HEATED POOL- STEPS TO BEACH Last years rental income in the high $90 and this year is on its way to over $100K Ideal as a beach rental or second home, this stunning property offers the perfect blend of comfort and coastal charm. Located just moments from beach access, it features a private fenced-in pool and two owner's suites for ultimate convenience. Upstairs, the primary owner's suite boasts balcony access, a tile shower, granite countertops, and a double vanity. The second level also includes a bunk room, two additional King-sized bedrooms, and a shared bath. Downstairs, the open-concept living and dining area creates a welcoming space for gatherings. The kitchen overlooks the living room and features granite countertops, a large island, stainless steel appliances, and crisp white cabinetry. The first-floor owner's suite provides added flexibility, while French doors lead from the living area to a covered patio, private pool, and outdoor shower—perfect for enjoying the coastal breeze. Don't miss out on this incredible beachside retreat!

4 Beds ⋅ 4 Baths ⋅ 787149 MLS

HEATED POOL- STEPS TO BEACH Last years rental income in the high $90 and this year is on its way to over $100K Ideal as a beach rental or second home, this stunning property offers the perfect blend of comfort and coastal charm. Located just moments from beach access, it features a private fenced-in pool and two owner's suites for ultimate convenience. Upstairs, the primary owner's suite boasts balcony access, a tile shower, granite countertops, and a double vanity. The second level also includes a bunk room, two additional King-sized bedrooms, and a shared bath. Downstairs, the open-concept living and dining area creates a welcoming space for gatherings. The kitchen overlooks the living room and features granite countertops, a large island, stainless steel appliances, and crisp white cabinetry. The first-floor owner's suite provides added flexibility, while French doors lead from the living area to a covered patio, private pool, and outdoor shower—perfect for enjoying the coastal breeze. Don't miss out on this incredible beachside retreat!

4109 Choctaw Street, Panama City

Listing courtesy of Blue Swell Realty.