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$629,000
3 Beds ⋅ 3 Baths ⋅ 790150 MLS
Positioned on an oversized corner lot on the desirable west end and just a short walk to the beach, this three-bedroom, two-and-a-half-bath home presents a compelling opportunity for those looking to create value in a prime location. Just a short distance to the beach, the property offers strong fundamentals with a private pool, two-car garage, and key system updates already in place, including a newer roof , HVAC, and water heater. With its generous footprint and sought-after location, this home is ideal for investors or buyers with vision looking to reimagine a property to its full potential.Whether you're considering a primary residence, second home, or investment opportunity, the combination of lot size, location, and core improvements makes this a standout value-add opportunity on the west end.

20937 S Lakeview Drive, Panama City Beach

Listing courtesy of Scenic Sotheby's International Realty.

$685,000
4 Beds ⋅ 2 Baths ⋅ 999673 MLS
Investment opportunity in the desirable Gulf Vista community on the west end of Panama City Beach! This fully occupied duplex offers immediate rental income and exceptional future potential. Situated on a large lot with room to expand, add additional improvements, or create enhanced outdoor living spaces, this property offers flexibility that goes beyond a typical duplex investment. Ideal for an owner-occupant looking to offset expenses by living in one unit while generating income from the other, this property presents a rare opportunity in a highly sought-after coastal location. One standout feature of this location is its proximity to the secluded beach access at the south end of Lakeview Drive--an undeveloped stretch of coastline with no homes built directly on the beach, offering a more natural, quiet, and uncrowded beach experience that is increasingly hard to find. BOTH UNITS NOW FEATURE FRESH INTERIOR PAINT AND BRAND NEW CARPET. Each unit features a functional two-bedroom, one-bath layout with numerous updates over the years, including new windows in 2018 and renovations completed in 2021. Unit 21106 received a new water heater in 2025. In 2026, Unit 21104 was further improved with an updated bathroom, new kitchen flooring, and updated appliances, including a washer, dishwasher, range, and hood. Positioned on the west end of Panama City Beach, this property offers convenient access to the dining, shopping, and charm of 30A to the west and Pier Park to the east. New hot water heater installed in 21106 in 2025. In 2026, Unit 21104 was further improved with new carpet, fresh interior paint, an updated bathroom, and updated kitchen flooring, along with washer, dishwasher, range, and hood, featuring white appliances. Unit 21104 includes stainless steel appliances, washer and dryer, interior paint, a remodeled bathroom, water heater, carpet, and a rocked backyard with an 8'x10' storage shed. Positioned on the west end of Panama City Beach, this property enjoys convenient access to the dining, shopping, and charm of Scenic Highway 30A, while still being just a short drive to Pier Park to the east--offering the best of both lifestyles. With vacation rentals restricted per deed, this property is well-suited for stable, long-term rental income while still benefiting from a highly desirable coastal location.

21104 S Lakeview Dr, Panama City Beach

Listing courtesy of The Premier Property Group Seacrest Office.

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