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$920,000

INVESTOR OPPORTUNITY WITH PROVEN SHORT-TERM RENTAL HISTORY! $100k in revenue on the books for 2026 so far, with plenty of dates still available! This beautifully designed duplex offers the perfect blend of income potential and resort-style living just minutes from Panama City Beach's world-famous white sand beaches. Consisting of two separate 2-bedroom, 2-bath units, the property features a total of 4 bedrooms, 4 full bathrooms, 1 half bath, and is currently operating as a successful short-term rental. Each unit showcases modern coastal finishes, spacious open-concept living areas, large kitchen islands with quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and private laundry rooms complete with dedicated washers and dryers for each side. The bedrooms are generously sized, while the spa-inspired bathrooms feature custom tile showers and upscale finishes. One of the primary suites even includes a private sauna, creating an elevated guest experience that helps set this property apart in the vacation rental market. The centerpiece of the property is the stunning shared courtyard designed for entertaining and relaxation. Guests can enjoy the private pool with water feature, covered outdoor living spaces, outdoor bar seating, fire tables, dining areas, and multiple gathering spaces that create a true resort-like atmosphere. A convenient poolside half bath enhances the outdoor experience, while the natural gas heated pool allows for extended seasonal enjoyment and added appeal for vacation renters. The thoughtful courtyard design provides privacy while encouraging outdoor enjoyment year-round. Designed with both guest comfort and operational efficiency in mind, the property is equipped with two tankless natural gas water heaters, providing reliable hot water capacity for both units while offering energy-efficient performance. With ample parking, durable metal roofing, attractive coastal architecture, and a location convenient to beaches, dining, shopping, marinas, and local attractions, this property is well-positioned for continued rental success. Whether you're looking to expand your investment portfolio, generate vacation rental income, or own a versatile coastal property with multiple use options, this turnkey duplex presents a rare opportunity.

4 Beds ⋅ 5 Baths ⋅ 1005319 MLS

INVESTOR OPPORTUNITY WITH PROVEN SHORT-TERM RENTAL HISTORY! $100k in revenue on the books for 2026 so far, with plenty of dates still available! This beautifully designed duplex offers the perfect blend of income potential and resort-style living just minutes from Panama City Beach's world-famous white sand beaches. Consisting of two separate 2-bedroom, 2-bath units, the property features a total of 4 bedrooms, 4 full bathrooms, 1 half bath, and is currently operating as a successful short-term rental. Each unit showcases modern coastal finishes, spacious open-concept living areas, large kitchen islands with quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and private laundry rooms complete with dedicated washers and dryers for each side. The bedrooms are generously sized, while the spa-inspired bathrooms feature custom tile showers and upscale finishes. One of the primary suites even includes a private sauna, creating an elevated guest experience that helps set this property apart in the vacation rental market. The centerpiece of the property is the stunning shared courtyard designed for entertaining and relaxation. Guests can enjoy the private pool with water feature, covered outdoor living spaces, outdoor bar seating, fire tables, dining areas, and multiple gathering spaces that create a true resort-like atmosphere. A convenient poolside half bath enhances the outdoor experience, while the natural gas heated pool allows for extended seasonal enjoyment and added appeal for vacation renters. The thoughtful courtyard design provides privacy while encouraging outdoor enjoyment year-round. Designed with both guest comfort and operational efficiency in mind, the property is equipped with two tankless natural gas water heaters, providing reliable hot water capacity for both units while offering energy-efficient performance. With ample parking, durable metal roofing, attractive coastal architecture, and a location convenient to beaches, dining, shopping, marinas, and local attractions, this property is well-positioned for continued rental success. Whether you're looking to expand your investment portfolio, generate vacation rental income, or own a versatile coastal property with multiple use options, this turnkey duplex presents a rare opportunity.

Panama City Beach

Listing courtesy of Salty Marlin Realty.

$565,000

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.

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.

$600,000

Discover coastal living at its finest with this stunning waterfront townhome located directly on the shores of beautiful Cape San Blas. Wake up to panoramic water views and enjoy private access just steps from your back door. This residence offers spacious living, modern comforts, and a front-row seat to some of Florida's most pristine natural beauty. A unique advantage of this property is its inclusion in the upcoming beach restoration project, set to begin as soon as turtle nesting season ends. This initiative will expand the beachfront, adding even more sand and shoreline to your backyard and increasing both enjoyment and long-term value.

3 Beds ⋅ 3 Baths ⋅ 1003015 MLS

Discover coastal living at its finest with this stunning waterfront townhome located directly on the shores of beautiful Cape San Blas. Wake up to panoramic water views and enjoy private access just steps from your back door. This residence offers spacious living, modern comforts, and a front-row seat to some of Florida's most pristine natural beauty. A unique advantage of this property is its inclusion in the upcoming beach restoration project, set to begin as soon as turtle nesting season ends. This initiative will expand the beachfront, adding even more sand and shoreline to your backyard and increasing both enjoyment and long-term value.

3869 Cape San Blas Road A5 Rd, Cape San Blas

Listing courtesy of EXP Realty LLC.

$397,000

Renovated Buck Bayou water front unit with boat dock that hasn't been on the market in over 30 years! Located in a Waterfront four-plex with shared dock on Buck Bayou that leads directly to the bay! Unit has a deep water and deeded boat slip. Boat slip will hold appx. 24 foot boat with the draft being 4 to 5 feet. Development has 98 feet directly on Buck Bayou. Renovated 2 bedroom 1 1/2 bath with new paint, LVP flooring, hot water heater, updated kitchen with new appliances, and renovated bathrooms. Large deck looking out on the Bayou. Located in the popular and fast growing area of Mack Bayou and with close proximity to Sandestin. Perfect for a 2nd home or a week-end getaway. Property has rented for $2500 a month and boat slip has rented for $300 a month.

2 Beds ⋅ 2 Baths ⋅ 996922 MLS

Renovated Buck Bayou water front unit with boat dock that hasn't been on the market in over 30 years! Located in a Waterfront four-plex with shared dock on Buck Bayou that leads directly to the bay! Unit has a deep water and deeded boat slip. Boat slip will hold appx. 24 foot boat with the draft being 4 to 5 feet. Development has 98 feet directly on Buck Bayou. Renovated 2 bedroom 1 1/2 bath with new paint, LVP flooring, hot water heater, updated kitchen with new appliances, and renovated bathrooms. Large deck looking out on the Bayou. Located in the popular and fast growing area of Mack Bayou and with close proximity to Sandestin. Perfect for a 2nd home or a week-end getaway. Property has rented for $2500 a month and boat slip has rented for $300 a month.

144 My Way Unit # D, Santa Rosa Beach

Listing courtesy of Dalton Wade Inc.

$1,800,000

Gulf View! Fully Furnished Duplex! 10BR/6BA! Rental Projections $300K+ Built in 2017 and fully furnished, this exceptional Panama City Beach duplex offers two identical 5 bedroom, 3 bathroom units just steps from public beach access and the white sands of the Gulf. Each unit features open-concept living, granite countertops, stainless steel appliances, luxury vinyl plank flooring, and a light coastal design. The flexible floor plan includes a first-floor bedroom, an upstairs primary suite with private Gulf-view balcony, bunk room, and two additional guest bedrooms. Private driveways offer ample parking. Covered rear patios and backyard space provide room for a small private pool. Whether you're seeking a vacation home, multi-family retreat, or income-producing property, this turnkey duplex is ready to perform. Projected combined rental income exceeds $300,000 annually. All information taken from appraiser site; sizes approximate. Buyer to verify.

10 Beds ⋅ 6 Baths ⋅ 996344 MLS

Gulf View! Fully Furnished Duplex! 10BR/6BA! Rental Projections $300K+ Built in 2017 and fully furnished, this exceptional Panama City Beach duplex offers two identical 5 bedroom, 3 bathroom units just steps from public beach access and the white sands of the Gulf. Each unit features open-concept living, granite countertops, stainless steel appliances, luxury vinyl plank flooring, and a light coastal design. The flexible floor plan includes a first-floor bedroom, an upstairs primary suite with private Gulf-view balcony, bunk room, and two additional guest bedrooms. Private driveways offer ample parking. Covered rear patios and backyard space provide room for a small private pool. Whether you're seeking a vacation home, multi-family retreat, or income-producing property, this turnkey duplex is ready to perform. Projected combined rental income exceeds $300,000 annually. All information taken from appraiser site; sizes approximate. Buyer to verify.

6006 Thomas Dr Unit 2 Units, Panama City Beach

Listing courtesy of Innerscope Realty LLC.

$499,999

Directly across the street from the sugar-white sands of Panama City Beach, this updated Riviera Beach townhome delivers coastal convenience, investment potential, and beachside charm. Enjoy breathtaking Gulf views from the second-floor balcony and easy public beach access just steps from your front door. Inside, the home features tile flooring throughout the first floor and a spacious layout designed for comfort and low-maintenance living. The upstairs features carpeting in the bedrooms. The kitchen is equipped with granite countertops and a full appliance package, making it ideal for full-time residents or vacation rentals alike. The property is being sold turnkey—fully furnished and ready to enjoy or rent—just bring your own linens. Recent upgrades include new backyard landscaping for enhanced privacy and outdoor enjoyment, and a major utility improvementthis property is now connected to public sewer and water, offering peace of mind for future maintenance and rental value. Located on the desirable west end of the beach, you're just minutes from local favorites like Pier Park, Carillon Beach, and the 30A corridor. Dining, shopping, and entertainment options abound, making this a prime short-term rental opportunity or second home. With no HOA fees, two parking spaces, and a welcoming local community known for festive gatherings and golf cart parades, this is the ideal place to embrace the coastal lifestyle or expand your rental portfolio.

2 Beds ⋅ 2 Baths ⋅ 977679 MLS

Directly across the street from the sugar-white sands of Panama City Beach, this updated Riviera Beach townhome delivers coastal convenience, investment potential, and beachside charm. Enjoy breathtaking Gulf views from the second-floor balcony and easy public beach access just steps from your front door. Inside, the home features tile flooring throughout the first floor and a spacious layout designed for comfort and low-maintenance living. The upstairs features carpeting in the bedrooms. The kitchen is equipped with granite countertops and a full appliance package, making it ideal for full-time residents or vacation rentals alike. The property is being sold turnkey—fully furnished and ready to enjoy or rent—just bring your own linens. Recent upgrades include new backyard landscaping for enhanced privacy and outdoor enjoyment, and a major utility improvementthis property is now connected to public sewer and water, offering peace of mind for future maintenance and rental value. Located on the desirable west end of the beach, you're just minutes from local favorites like Pier Park, Carillon Beach, and the 30A corridor. Dining, shopping, and entertainment options abound, making this a prime short-term rental opportunity or second home. With no HOA fees, two parking spaces, and a welcoming local community known for festive gatherings and golf cart parades, this is the ideal place to embrace the coastal lifestyle or expand your rental portfolio.

21514 Front Beach Rd, Panama City Beach

Listing courtesy of Salty Marlin Realty.

$606,250

Discover an exceptional investment opportunity with this fully-rented four-plex in Pensacola, generating a robust monthly income of $4,435. This eight-bedroom, four-bathroom property spans 3,700 square feet and is perfectly situated in a prime location, making it an attractive prospect for savvy investors. With a durable brick exterior and a sturdy metal roof, this property is designed for low-maintenance living. The absence of carpet throughout ensures easy upkeep and longevity. Each unit is well-maintained, offering a reliable and consistent income stream. Ideal for investors looking to expand their portfolio, this four-plex combines the appeal of a great location with the security of a fully occupied rental property.

8 Beds ⋅ 4 Baths ⋅ 986539 MLS

Discover an exceptional investment opportunity with this fully-rented four-plex in Pensacola, generating a robust monthly income of $4,435. This eight-bedroom, four-bathroom property spans 3,700 square feet and is perfectly situated in a prime location, making it an attractive prospect for savvy investors. With a durable brick exterior and a sturdy metal roof, this property is designed for low-maintenance living. The absence of carpet throughout ensures easy upkeep and longevity. Each unit is well-maintained, offering a reliable and consistent income stream. Ideal for investors looking to expand their portfolio, this four-plex combines the appeal of a great location with the security of a fully occupied rental property.

130 E Nine Mile Road Rd Unit 5-8, Pensacola

Listing courtesy of Scenic Sotheby's International Realty.

$1,799,000

MAJOR PRICE REDUCTION!!! ----- GULF-FRONT, NO HOA, RENTAL READY WITH $139,559 ON THE BOOKS! Step directly onto the sugar-white sand from this remodeled 5-bedroom, 4 full baths beach retreat offering sweeping Gulf views from the main living level and private bedrooms. Designed for gathering, the open living/dining/kitchen frames the emerald water as the backdrop for sunsets, seafood nights, and memory-making. A clever 10' x 12' loft in one bedroom creates an extra sleeping zone or kid-approved hideaway--ideal for maximizing guest capacity. Recent updates and the seller-reported 2,232 sq ft of heated/cooled space include an enclosed former garage that expands everyday comfort and rental flexibility. Multiple bedrooms on separate levels provide privacy for larger groups, while four full baths keep beach days effortless. Outside, rinse off and head straight to the deck to watch dolphins cruise and the sky glow at golden hour. Major perks: NO HOA a rare Gulf-front find that supports short-term rental potential plus a layout and location travelers love: direct beach access, panoramic views, and minutes to coastal dining, shopping, and entertainment like Top Golf. Dolly's Pirate Voyage, Pier Park!.

5 Beds ⋅ 4 Baths ⋅ 987163 MLS

MAJOR PRICE REDUCTION!!! ----- GULF-FRONT, NO HOA, RENTAL READY WITH $139,559 ON THE BOOKS! Step directly onto the sugar-white sand from this remodeled 5-bedroom, 4 full baths beach retreat offering sweeping Gulf views from the main living level and private bedrooms. Designed for gathering, the open living/dining/kitchen frames the emerald water as the backdrop for sunsets, seafood nights, and memory-making. A clever 10' x 12' loft in one bedroom creates an extra sleeping zone or kid-approved hideaway--ideal for maximizing guest capacity. Recent updates and the seller-reported 2,232 sq ft of heated/cooled space include an enclosed former garage that expands everyday comfort and rental flexibility. Multiple bedrooms on separate levels provide privacy for larger groups, while four full baths keep beach days effortless. Outside, rinse off and head straight to the deck to watch dolphins cruise and the sky glow at golden hour. Major perks: NO HOA a rare Gulf-front find that supports short-term rental potential plus a layout and location travelers love: direct beach access, panoramic views, and minutes to coastal dining, shopping, and entertainment like Top Golf. Dolly's Pirate Voyage, Pier Park!.

17203 Front Beach Rd Unit # 2, Panama City Beach

Listing courtesy of Salty Marlin Realty.

$1,500,000

Aloha Beaches - Steps to the Sand | Private Pool | Gulf Views. Welcome to Aloha Beaches, your ultimate Panama City Beach investment property. Just 100 feet from the sugar-white sand, this spacious three-story coastal home offers excellent potential as a short-term rental, vacation retreat, or income-producing asset. Designed for comfort and entertainment, it provides the ideal setup for large groups and families looking to enjoy the Gulf Coast lifestyle. What You'll Love: Private heated pool for relaxing after beach days 4 bedrooms plus a bonus lounge area that can sleep up to 14 guests 4 full bathrooms offering convenience and privacy Elevator access to all three floors Gulf views from the expansive top-floor balcony Multiple king suites with private balconies First-floor suite with kitchenette and pool access ideal for guests seeking privacy Bright, open-concept living area perfect for gatherings and entertaining The home is fully appointed with coastal finishes, stylish furnishings, and thoughtful details that make it turnkey and ready to perform as a high-income rental. Location Highlights: Situated on the desirable west end of Panama City Beach, this property offers a peaceful setting just minutes from Pier Park, 30A, and top dining, shopping, and entertainment. Guests love the combination of tranquility and convenience, making Aloha Beaches a consistent favorite among vacation renters. Whether you're seeking a strong cash-flowing investment property or a personal coastal getaway that pays for itself, Aloha Beaches delivers unmatched lifestyle and income potential on Florida's Emerald Coast.

5 Beds ⋅ 4 Baths ⋅ 991357 MLS

Aloha Beaches - Steps to the Sand | Private Pool | Gulf Views. Welcome to Aloha Beaches, your ultimate Panama City Beach investment property. Just 100 feet from the sugar-white sand, this spacious three-story coastal home offers excellent potential as a short-term rental, vacation retreat, or income-producing asset. Designed for comfort and entertainment, it provides the ideal setup for large groups and families looking to enjoy the Gulf Coast lifestyle. What You'll Love: Private heated pool for relaxing after beach days 4 bedrooms plus a bonus lounge area that can sleep up to 14 guests 4 full bathrooms offering convenience and privacy Elevator access to all three floors Gulf views from the expansive top-floor balcony Multiple king suites with private balconies First-floor suite with kitchenette and pool access ideal for guests seeking privacy Bright, open-concept living area perfect for gatherings and entertaining The home is fully appointed with coastal finishes, stylish furnishings, and thoughtful details that make it turnkey and ready to perform as a high-income rental. Location Highlights: Situated on the desirable west end of Panama City Beach, this property offers a peaceful setting just minutes from Pier Park, 30A, and top dining, shopping, and entertainment. Guests love the combination of tranquility and convenience, making Aloha Beaches a consistent favorite among vacation renters. Whether you're seeking a strong cash-flowing investment property or a personal coastal getaway that pays for itself, Aloha Beaches delivers unmatched lifestyle and income potential on Florida's Emerald Coast.

17820 Front Beach Rd Unit UNIT B, Panama City Beach

Listing courtesy of Salty Marlin Realty.

$174,600

Perfect for first-time buyers or savvy investors, this move-in ready two-bed, 1.5-bath end unit townhome offers 1,216 square feet of comfortable living in the heart of Panama City. Just 11 minutes from Tyndall Air Force Base, this home combines convenience with a welcoming coastal lifestyle. The main floor features a spacious living room with luxury vinyl plank flooring, seamlessly connecting to an open kitchen and dining area. Sliding doors lead to a covered back porch with attached storage, perfect for outdoor relaxation and additional utility. The ground floor also includes a laundry room with a new washer and dryer, a convenient half bath and extra storage beneath the stairs. Upstairs, the master bedroom boasts double closets and a large window overlooking the backyard, while the additional bedroom offers a similar oversized window with a front yard view. A 2019 metal roof, 2016 HVAC system and water heater ensure this home is well-maintained and energy-efficient. Enjoy the privacy of a fully fenced yard and the ease of a home with no HOA fees. Whether you're looking for a cozy primary residence or a lucrative rental property, this charming townhome in Panama City is an opportunity not to be missed.

2 Beds ⋅ 2 Baths ⋅ 986540 MLS

Perfect for first-time buyers or savvy investors, this move-in ready two-bed, 1.5-bath end unit townhome offers 1,216 square feet of comfortable living in the heart of Panama City. Just 11 minutes from Tyndall Air Force Base, this home combines convenience with a welcoming coastal lifestyle. The main floor features a spacious living room with luxury vinyl plank flooring, seamlessly connecting to an open kitchen and dining area. Sliding doors lead to a covered back porch with attached storage, perfect for outdoor relaxation and additional utility. The ground floor also includes a laundry room with a new washer and dryer, a convenient half bath and extra storage beneath the stairs. Upstairs, the master bedroom boasts double closets and a large window overlooking the backyard, while the additional bedroom offers a similar oversized window with a front yard view. A 2019 metal roof, 2016 HVAC system and water heater ensure this home is well-maintained and energy-efficient. Enjoy the privacy of a fully fenced yard and the ease of a home with no HOA fees. Whether you're looking for a cozy primary residence or a lucrative rental property, this charming townhome in Panama City is an opportunity not to be missed.

209 N Kimbrel Ave, Panama City

Listing courtesy of Scenic Sotheby's International Realty.