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Homes For Sale In Panama City Beach, FL

Homes

Panama City Beach is a beach town in Florida’s Panhandle sought after because of its convenient location to other popular Florida cities, including the state capital. Many newcomers are relocating to Panama City Beach and looking for prime Florida real estate, choosing to live here for all its offerings to families, retirees, and people in all stages of life. If you’re eager to reside in the Sunshine Estate, take a look at our listings of homes for sale in Panama City Beach and learn more about this incredible resort town.

1 / 2

$494,900

Active Listing

Single Family Home For Sale

Panama City Beach, FL 32407

Single Family Home For Sale

New Listing - an hour on Site

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$560,000

Active Listing

Single Family Home For Sale

Panama City Beach, FL 32408

Single Family Home For Sale

New Listing - 2 hours on Site

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$1,795,000

Active Listing

Single Family Home For Sale

13639 Banana Wind Way

Panama City Beach, FL 32413

Single Family Home For Sale

New Listing - 2 hours on Site

$1,590,000

Active Listing

Single Family Home For Sale

3202 Magnolia Island Boulevard

Panama City Beach, FL 32408

Single Family Home For Sale

New Listing - 3 hours on Site

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$639,900

Active Listing

Single Family Home For Sale

218 Grand Island Boulevard

Panama City Beach, FL 32407

Single Family Home For Sale

New Listing - 3 hours on Site

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$339,990

Active Listing

Single Family Home For Sale

Panama City Beach, FL 32413

Single Family Home For Sale

New Listing - 3 hours on Site

$375,000

Active Listing

Single Family Home For Sale

Panama City Beach, FL 32407

Single Family Home For Sale

New Listing - 5 hours on Site

$599,000

Active Listing

Single Family Home For Sale

Panama City Beach, FL 32413

Single Family Home For Sale

New Listing - 6 hours on Site

$749,000

Active Listing

Single Family Home For Sale

1243 Prospect Promenade

Panama City Beach, FL 32413

Single Family Home For Sale

New Listing - 19 hours on Site

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$560,000

Active Listing

Single Family Home For Sale

507 N Albatross Street

Panama City Beach, FL 32413

Single Family Home For Sale

New Listing - 21 hours on Site

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$332,000

Active Listing

Single Family Home For Sale

Panama City Beach, FL 32413

Single Family Home For Sale

New Listing - 22 hours on Site

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$474,900

Active Listing

Single Family Home For Sale

Panama City Beach, FL 32407

Single Family Home For Sale

New Listing - 22 hours on Site

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$510,975

Active Listing

Single Family Home For Sale

Panama City Beach, FL 32407

Single Family Home For Sale

New Listing - 23 hours on Site

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$3,999,999

Active Listing

Single Family Home For Sale

13657 Front Beach Road

Panama City Beach, FL 32413

Single Family Home For Sale

New Listing - 24 hours on Site

1 / 33

$429,000

Active Listing

Single Family Home For Sale

Panama City Beach, FL 32413

Single Family Home For Sale

New Listing - 24 hours on Site

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$459,200

Active Listing

Single Family Home For Sale

Panama City Beach, FL 32407

Single Family Home For Sale

New Listing - yesterday

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$349,999

Active Listing

Single Family Home For Sale

520 Venture Blvd Boulevard

Panama City Beach, FL 32408

Single Family Home For Sale

New Listing - yesterday

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$299,999

Active Listing

Single Family Home For Sale

1219 Thomas Drive # 246

Panama City Beach, FL 32408

Single Family Home For Sale

New Listing - yesterday

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$3,860,000

Active Listing

Single Family Home For Sale

13655 Front Beach Road

Panama City Beach, FL 32413

Single Family Home For Sale

New Listing - yesterday

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$749,000

Active Listing

Single Family Home For Sale

1503 Match Point Lane # 502

Panama City Beach, FL 32413

Single Family Home For Sale

New Listing - yesterday

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More About Panama City Beach, FL

Panama City Beach, located in northwestern Florida on the panhandle of the Gulf of Mexico, just 100 miles southwest of Tallahassee. This popular vacation destination and affordable spring break spot receives thousands of visitors each year but is also home to over 18K people and the county seat for Bay County.

From Panama City Beach, it’s an easy drive to other popular cities or beaches such as Destin, or Rosemary Beach. In the mid-2000s, a construction boom hit Panama City Beach. Older homes were remodeled, and newer homes and condominiums were built. In 2006, Panama City Beach was named the No. 1 real estate market in America.

Lovers of sand, sun, and adventures enjoy calling Panama City Beach home due to its top-ranking beaches and wonderful atmosphere. The restaurants and nightlife in Panama City Beach are top-notch as well. Visitors and residents have access to a wide variety of activities, from hiking and camping in St. Andrews State Park, visit the Gulf World Marine Park, or enjoy a day trip to Camp Helen State Park for some birding, fishing, and canoeing.

Real Estate Market in Panama City Beach, FL

Homes For Sale in Panama City Beach, Florida

Real estate in Panama City Beach is often described as “your own piece of paradise.” With so much to enjoy in and around the city and so many housing options available, now is the right time to find your paradise property in Panama City Beach. Houses for sale in Panama City Beach currently range anywhere from $74K up to $26M. On average, the homes for sale in this city are priced around $540K, at about $412 per square foot, with an increase in price of approximately 10% each year.

Homes for sale in Panama City Beach at the aforementioned price point have an average of three bedrooms and two bathrooms. Although there are many other options for bedrooms and sizes of homes in this area, the most popular choices range from entry-level two-bedroom, two-bathroom houses for sale to spacious five or six-bedroom residences on large lots perfect for larger families.

A range of house prices offering homes for various budgets and family living are an advantage of residing in Panama City Beach, all while getting to experience that beach life that residents love. Homes for sale in Panama City Beach are versatile, ranging from single-family homes to condos, and from neighborhood homes to beachfront properties. Panama City Beach is a popular vacation destination, as is the other nearby beach city of Destin, causing the housing market to rise and the rental market to flourish.

Schools in Panama City Beach, FL

The Bay School District is headquartered in Panama City Beach, FL and manages six public schools and eight private schools, for a total of 14 schools to choose from in the area. Six of these schools are rated good or higher according to data from greatschools.com. These are the top schools in the Panama City Beach area:

Patronis Elementary School (K-5) rated 8 out of 10.
West Bay Elementary School (K-5) rated 7 out of 10.

Universities Near Panama City Beach, Florida

Florida State University is the closest university to Panama City Beach homes for sale. Located 100 miles away in Tallahassee, FL, it was established in 1980 and has graduated approximately 1,500 students since then. It offers 15 bachelor’s degree programs and 19 graduate degree programs.

Frequently Asked Questions About Panama City Beach FL Homes For Sale

When choosing to move to a new city, there are many factors to consider. It’s a big decision that requires asking questions. Find some commonly asked questions about Panama City Beach below to help provide pertinent information when choosing where to live and what Panama City houses for sale are right for you.

Where Is the Best Place to Live in Panama City Beach, Florida?

Panama City Beach is composed of about 12 neighborhoods stretching across about 18.6 square miles of Florida. Each of the communities have a variety of real estate options to suit the needs of many. The most desired homes for sale in Panama City Beach are located in the central part of the city, while the most affordable homes can be found on the eastern coast.

The most expensive neighborhood in Panama City Beach is the Colony Club neighborhood, with average home prices around $1.7M. Many of these beautiful homes are situated along the Holiday Golf Club and are just a short distance from the Gulf of Mexico.

Best Neighborhood In Panama City Beach For Families

The Glades is a popular residence in Panama City Beach consisting of single-family homes at a median price point of $677K. It offers easy access to the beach as well as restaurants, retailers, and attractions, making it a popular choice for relocation.

Best Neighborhood For Beachfront Property

El Centro Beach is another popular Panama City Beach that is known for its beachfront properties. The median price for homes in this area is around $480K.

Best Neighborhood For Unique Vibe

The Bahama Beach neighborhood offers a unique vibe and a coastal setting. This somewhat historic neighborhood is located on the coast for a nautical experience. Median home prices in this Panama City Beach neighborhood are at $472K.

Best Neighborhood For Young Professionals

Miramar Heights is one of the best places to live in Panama City Beach for young individuals. This is due to its urban feel, Bid-a-wee Beach, and the Miramar Heights homes for sale located close to the water, offering desirable views of the sea with prices ranging from $600K to $750K.

What County Is Panama City Beach In?

Panama City Beach homes for sale are located in Bay County, part of the Panama City Metropolitan Statistical Area.

What Is the County and Zip Code of Panama City Beach, Florida?

The houses in Panama City Beach are grouped under a single zip code: 32407.

Does Panama City Beach Have an Airport?

While there isn’t an airport right in the city, the Northwest Florida Beaches International Airport is located only 18 miles northwest of Panama City Beach, so close that it’s convenient to fly in and out of for residents of Panama City Beach homes for sale.

What Is the Closest Big City To Panama City Beach Homes For Sale?

The closest big cities to Panama City Beach are St. Petersburg, FL, and Tampa, FL, both approximately 245 miles south of Panama City Beach. Atlanta, GA, is approximately 260 miles away as well.

Can I Have Unique Animals as Pets in Panama City Beach Homes For Sale?

According to section 5 of the city ordinances, Panama City Beach residents can have animals such as chickens within the city limits as long as they have received written permission from the homeowner. However, no roosters are permitted. The same rule applies to horses within the city. Written permission must be obtained from the owners or occupants and then also from the city manager.

What Is It Like to Buy or Sell Homes in Panama City Beach, Florida?

Currently, Panama City Beach homes for sale are located in a balanced market. This means the number of homes in supply and demand is about the same. The median number of days on the market is 65 days, and the average purchase price is $449K. On average, most homes for sale in Panama City Beach sold for only 2.6% below the asking price.

Things To Do In Panama Beach City, FL

Empty nesters, families, and singles alike can all find something to love about Panama City Beach. Featuring 27 miles of white sand beaches and two outdoor state parks, there’s plenty to do in Panama City Beach.

In addition to great beaches, there are endless outdoor activities, terrific shopping, delicious cuisine, fun attractions, and endless entertainment are just some of the perks of this lively city. For outdoor lovers, walks or runs on the beach are a must. Beautiful golf courses and outdoor parks are also enjoyable attractions for sports lovers and outdoorsmen alike. Water skiing, scuba diving, and canoeing are all perfect ways to spend the weekends on the water.

For lovers of a vivid nightlife, there are beach bars and live music to be enjoyed all over the city. Of course, don’t forget about the art galleries and shopping opportunities that are easily accessible to residents of Panama City Beach. With so much to do, it is no surprise that Panama City Beach homes for sale are selling quickly.

Living In Panama City Beach FL

Cost Of Living In Panama City Beach, Florida

For those looking to relocate to Panama City Beach homes, the cost of living is always an important consideration. And while Panama City Beach may not be the cheapest place to live in Florida, it certainly has a lot to offer in terms of quality of life. The cost of living index of the town is 106, slightly higher than Florida’s average (103) and the US average (100). The highest expense in Panama City Beach is housing, followed by grocery shopping, and utilities. You can expect to save money in healthcare bills, transportation services, and miscellaneous things like restaurants, clothing, and entertainment.

Healthcare In Panama City Beach, Florida

Looking for quality healthcare near your Panama City Beach home for sale? You’ll be happy to know the area is home to a number of highly respected healthcare facilities, including Gulf Coast Regional Medical Center and Ascension Sacred Heart Bay. No matter what your healthcare needs may be, you're sure to find excellent care in Panama City Beach.

Weather In Panama City Beach, Florida

Residents in Panama City Beach homes for sale enjoy an average of 320 days of sunshine every year. The summers are lengthy and hot with high humidity, while the winters are short and cool with strong winds. There is consistent rainfall throughout the year. The temperature in this location ranges from 47-89°F, but it can go below 35°F or above 92°F. The most pleasant time of the year in Panama City Beach (and the best time to visit!) for warm weather activities is from early April to mid-May, or from early October to early November.

Jobs In Panama City Beach FL

Blessed with beautiful beaches and year-round warm weather, Panama City Beach’s economy is powered mostly by tourism but also by the military due to its proximity to the Coastal Systems Station Naval Surface Warfare Center and The Tyndall Air Force Base. Fishing, shipbuilding and manufacturing (mostly paper products and chemicals) are important sectors of the economy as well. The largest employers in the Panama City area include:

Tyndall Air Force Base
Coastal Systems Station Naval Surface Warfare Center
Bay County School District
WJHG TV Inc
Peoples First Properties Inc
Magic Broadcasting LLC
Bay Hospital Inc
Bay County Board of County Commissioners

Transportation In Panama City Beach, FL

For locals, the best way to get around Panama City Beach is by car since parking options are plentiful and traffic is not too bad. The main roads in this area are U.S. Route 98, Route 79, and scenic Front Beach Road. Visitors can also use ride share services like Lyft, Uber, and taxi services. For public transportation there’s the Bay Town Trolley, serving the homes for sale in Panama City Beach from Monday through Saturday from 6 a.m. to 8 p.m. For air travelers, Northwest Florida Beaches International Airport is in neighboring Panama City.

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