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What if I told you that you could own a beach getaway for under $150,000 that's less than a one-minute walk to the sugar-white sand? The numbers don't lie! This is one of the best ROI opportunities in the area. Many 2-bedroom properties selling for four times the price don't generate this level of annual rental income. Brand-new HVAC installed in July 2026! For a full video tour, search ''For Sale Sand Castles Villa 15'' on YouTube. Welcome to Sand Castles Villa in beautiful Panama City Beach! This well-maintained, fully furnished, turnkey studio is rental-ready and perfect for investors or anyone looking for an affordable beach retreat. Just steps from the Gulf, you'll love the unbeatable location, convenience, and coastal charm. The unit produced $25,491 in gross rental income last year and already has strong future bookings, making it an excellent income-producing property with even more upside. Enjoy the Florida sunshine, walk to the beach in under a minute, and start earning rental income from day one. It's hard to find a better beachside value under $150,000 in Panama City Beach. Even better: With a full-price offer, the seller will pay all special assessments at closing, totaling $24,172. This includes the current $7,000 assessment plus the annual $1,908 assessment for the next nine years. Those funds are being invested back into the community, meaning you'll enjoy the benefits of the improvements, increased rental appeal, and long-term appreciation without paying a penny for the assessments. A true win-win opportunity for both investors and beach lovers alike!
#1004473

Panama City Beach

4114 Holiday Drive 15

None Beds

1 Baths

400 Sq.Ft.

$145,000

MLS#: 1004473

Don't miss your next REO opportunity in Antioch Estates. Built in 2002, this all-brick home sits on a rare, flat level lot with a two-car garage and a privacy-fenced backyard. Inside, this larger home you will find a split-bedroom layout featuring a living room with extra-tall ceilings and a fireplace. There's both a dedicated dining area and a breakfast nook and bedrooms two and three share a private bath, leaving a separate half-bath for guests. The master suite comes complete with a walk-in closet, an en-suite bath (double vanities, garden tub, and separate shower), and direct access to the screened-in patio. Because the home is missing appliances and needs some minor repairs, it may not qualify for traditional financing, but it may qualify for Vendee seller financing. This is a solid property with tons of potential--definitely a must-see to appreciate. Call today!
#1004437

Crestview

688 BRUNSON Street

3 Beds

2 Baths

2,045 Sq.Ft.

$227,000

MLS#: 1004437

Best lot in Wild Heron Exceptional views of the pond and great location with proximity to the gate. Build your custom dream home on this spacious 0.54-acre corner homesite in the prestigious gated community of Wild Heron. Ideally positioned near the community entrance, this unique lot fronts multiple streets and backs to a natural preserve, offering outstanding building flexibility, added privacy, and serene green views. With no neighboring homes directly abutting the property, this homesite provides a rare sense of space and seclusion. Nestled within the 732-acre coastal sanctuary of Wild Heron on Lake Powell, residents enjoy access to some of the area's finest amenities, including the Greg Norman-designed Shark's Tooth Golf Club, resort-style pool and hot tub, fitness center, lakeside grills, fire pit, playground, scenic boardwalks, and the Boathouse at Prospect Point with kayaks and canoes available for resident use. Conveniently located just minutes from the white-sand beaches of the Gulf, 30A, Pier Park, dining, shopping, and outdoor recreation, this is a rare opportunity to build in one of Panama City Beach's premier gated communities.
#1004469

Panama City Beach

1514 Sweetbay Trail

None Beds

None Baths

0.54 acres

$295,800

MLS#: 1004469

Waterfront townhome overlooking beautiful Merritt's Mill Pond! This 2-bedroom, 2-bath property offers stunning water views and a covered back porch perfect for relaxing, entertaining, or enjoying your morning coffee. Experience the peaceful lifestyle of one of North Florida's most sought-after spring-fed waterways, known for its crystal-clear water, boating, kayaking, fishing, and natural beauty. Whether you're looking for a primary residence, vacation retreat, or investment property, this low-maintenance waterfront opportunity is one you don't want to miss.
#790708

Marianna

5165 Lamar Drive 3

2 Beds

2 Baths

1,156 Sq.Ft.

$209,000

MLS#: 790708

Fantastic location! Just a little over a mile to the world's most beautiful beaches! Buy the whole parcel or owners will sell separately. This listing is for two 40x120 lots. Not in a flood zone! Located just a 3-minute walk to Frank Brown Park, through the new trail ''Escanaba Way''. Frank Brown boasts a brand-new playground, soccer and baseball fields, basketball courts, dog park, 2 swimming pools at the aquatic center, skate park, pickleball (coming soon) bike trails, lakes for fishing and much more! Take advantage of all the amenities without any HOA fees! No septic tank required. This lovely neighborhood is a ''goldmine'' for all utilities, per the city. You are also only a 2-minute (without traffic) drive or quick golf cart ride to Pier Park, and the Emerald Beaches. Close to 79 and the new hospital. This is a great location to build your new home! Call for details.
#988142

Panama City Beach

142 Half Acre Lane

None Beds

None Baths

0.22 acres

$169,000

MLS#: 988142

Beautifully updated 1652 square foot brick home in the heart of Niceville. This home features a brand new roof, AC unit, kitchen with stainless steel appliances, new flooring and bathrooms. The new master bathroom has a large custom tiled shower. The wiring has been updated too. All new windows ands doors. The kitchen opens to a large dining area and living room with fireplace. The home has an additional living area and is perfect for entertaining. This move-in ready home has everything you've been looking for. The home has a large garage and courtyard in the front. The huge back yard has a built in fire pit and covered porch. This is ready for you!!!!
#1000456

Niceville

1623 Date Palm Drive

3 Beds

2 Baths

1,652 Sq.Ft.

$419,900

MLS#: 1000456

Don't miss your chance to own this magnificent waterfront lot in The Preserve on the Bay. With the expansive water front and the preserved nature areas, the Preserve is the most unique community on Panama City Beach. This large homesite is almost half an acre and has panoramic water views of St Andrews Bay. Build your dream home and dock for easy boating in the bay or gulf! The Preserve is gated and features a manned, 24 hour security gate. It is just minutes away from all the restaurants and attractions offered on Panama City Beach yet it is quiet and secluded!
#790613

Panama City

3604 Preserve Boulevard

None Beds

None Baths

0.48 acres

$1,550,000

MLS#: 790613

The Willow model by Homes by Deltona
#790646

Chipley

2211 Chase Street

4 Beds

2 Baths

1,716 Sq.Ft.

$286,268

MLS#: 790646

Discover the peace and tranquility that this charming 1 bedroom, 1 bathroom unit has to offer. Set back off the road in a prime eastside Panama City Beach location this unit is just minutes from the beach, Thomas Drive and Front Beach Road. It provides easy access to dining, shopping, and entertainment. This unit features a large open living area with kitchen, one bedroom with a large walk-in closet and one full bath. It also has a private fenced backyard and two dedicated parking spaces, making it a perfect retreat while staying conveniently close to everything.
#790641

Panama City Beach

2405 Allison Avenue A

1 Beds

1 Baths

860 Sq.Ft.

$1,200

MLS#: 790641

Adjoining .89 acre parcel is also for sale. Sold as-is. Condition of mobile, well, septic is unknown. Mobile home has no value.
#790639

Youngstown

10228 Highway 2301

None Beds

None Baths

0.45 acres

$45,900

MLS#: 790639

3/2 in the heart of Panama City. All new luxury vinyl plank and paint. No carpet. New appliances. Non-refundable pet fee of 250.00. Breed restrictive. Great proximity. City utilities. Credit and Background check. 1 Year lease. Security deposit same as rent. Laundry hookup.
#790664

Panama City

1329 Transmitter Road A

3 Beds

2 Baths

720 Sq.Ft.

$1,100

MLS#: 790664

Welcome home to this well-cared-for 3-bedroom, 2-bathroom home, perfectly situated on a quiet cul-de-sac. Featuring modern finishes throughout, this home offers an open and airy layout designed for both comfortable everyday living and effortless entertaining. The spacious floor plan is complemented by durable luxury vinyl plank (LVP) flooring, creating a seamless flow throughout the main living areas. The bright and inviting living spaces connect beautifully to the kitchen and dining areas, making the home feel both functional and welcoming. Conveniently located close to shopping, dining, schools, and all your daily essentials, this home combines comfort, style, and location. Whether you're a first-time homebuyer, downsizing, or looking for your next family home, this property is ready to impress.
#790612

Panama City

6020 Michelle Circle

3 Beds

2 Baths

1,040 Sq.Ft.

$130,000

MLS#: 790612

WILL ACCEPT BACK UP OFFERS! NEED A QUICK SALE! - PRICED ALMOST $100,000 BELOW ANY OTHER HOME IN THE NEIGHBORHOOD! Don't miss this exceptional opportunity to own this home! Beautifully maintained 3-bedroom, 2-bath home in the gated community of Paradise Grove on the highly desirable west end of Panama City Beach. Located just half a mile from the sugar-white sands and emerald-green waters of the Gulf, this home offers the perfect blend of coastal convenience, comfort, and value. Step inside to discover an open and inviting floor plan featuring updated laminate flooring throughout the main living areas, stylish shiplap accent walls, and abundant natural light. The kitchen is designed for both everyday living and entertaining, boasting a custom island with additional cabinet storage, ample workspace, and a seamless flow into the dining and living areas. The spacious primary suite serves as a relaxing retreat with a large ensuite bath, while two additional bedrooms provide flexibility for family, guests, or a home office. One of the standout features of this property is the outdoor living space. The private backyard is designed for enjoying the Florida lifestyle, complete with an outdoor kitchen and generous sitting area perfect for hosting cookouts, gathering with friends, or unwinding after a day at the beach. Paradise Grove offers residents the security of a gated entrance along with a beautiful community pool. Don't let this incredible opportunity get away!
#1004353

Panama City Beach

405 Paradise Boulevard

3 Beds

2 Baths

1,296 Sq.Ft.

$399,000

MLS#: 1004353

New Construction Entered for Comps
#790623

Panama City Beach

310 Jasmine Place

2 Beds

2 Baths

1,150 Sq.Ft.

$549,000

MLS#: 790623

Available June 1st Discover the perfect rental opportunity in a prime location near the Lecom Dental School! This inviting three-bedroom, two-bathroom brick home offers a comfortable and spacious living environment spanning 1150 sq ft. Step inside to find a well-appointed interior featuring a cozy layout designed for modern living. The convenience of having a washer and dryer included adds to the appeal of this home. Outside, the property sits on a generous acre of land with a covered patio, providing plenty of room for outdoor activities, gardening, or simply enjoying the serene surroundings. With its desirable features, convenient amenities, and proximity to the Lecom Dental School, this rental home offers the perfect blend of comfort and convenience.
#1001607

DeFuniak Springs

688 Roberts Drive

3 Beds

2 Baths

1,150 Sq.Ft.

$1,500

MLS#: 1001607

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