134 Damon Circle B, Panama City Beach

$175,000

0 Bed
1 Bath
434 Sqft
0 Acre
0 Garage

Looking for a condo in Panama City Beach that actually makes sense?
Updated, ground-floor studio, strong cash flow, and just steps from the sand.
This beautifully updated, fully furnished studio checks all the boxes. Located in a gated resort-style community, you'll enjoy parking right next to the unit, a short 6-minute walk to the beach, and strong short-term rental potential with a projected GRI of $27,000-$30,000.
Inside, you'll find quality upgrades throughout, including solid wood cabinets, new countertops, a tiled walk-in shower, LVP flooring, stainless steel appliances, accent shiplap, new furniture, accessories, and more. Plus, this condo is located right next to one of the community pools and tennis courts, putting convenience at your doorstep. The major expenses have already been taken care of with a 2018 roof, hurricane-rated windows and doors, 2021 HVAC, and 2023 water heater, giving you peace of mind for years to come.
The unit is truly turnkey with the possibility of future bookings transferring, making it ready to enjoy or start generating income right away.
The COA is below average for Panama City Beach while offering exceptional value. It includes building insurance, water and sewer, exterior maintenance and painting, lawn care, trash, pest control, termite bond, gated security, and access to incredible resort-style amenities, including 11 pools (5 heated), a private Gulf-front pool and restaurant, tennis and pickleball courts, mini golf, shuffleboard, fitness center, playground, and beautifully maintained grounds.

Whether you're looking for an affordable beach getaway or one of the best ROI opportunities in Panama City Beach, this one is definitely worth a look. Schedule your showing today!

Essential Information
MLS® #1009136
Price$175,000
Bathrooms1.00
Full Baths1
Square Footage434
Year Built1989
TypeResidential
Sub-TypeCondominium
StyleN/A
StatusActive
Community Information
Address134 Damon Circle B
Area27 - Bay County
SubdivisionGulf Highlands Beach Resort
CityPanama City Beach
CountyBay
StateFL
Zip Code32407
Utilities

Electric, Public Sewer, Public Water

Interior
AppliancesDishwasher, Dryer, Microwave
HeatingCentral
CoolingCentral Air
Exterior
Exterior FeaturesBalcony
Lot DescriptionWithin 1/2 Mile to Water
School Information
ElementaryHutchinson Beach
MiddleSurfside
HighArnold
Listing Details
OfficeDalton Wade Inc
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 134 Damon Circle B, Panama City Beach, FL

Photo of Listing #1009068

134 Damon Circle H, Panama City Beach

$199,000 - 1 Bed, 1 Bath, 651 Sf

MLS® # 1009068

Photo of Listing #1008801

520 N Richard Jackson Boulevard 1609, Panama City Beach

$195,000 - 1 Bed, 2 Baths, 853 Sf

MLS® # 1008801

Photo of Listing #997651

8700 Front Beach Road Unit 3304, Panama City Beach

$175,000 - 1 Bed, 1 Bath, 1,588 Sf

MLS® # 997651

DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.
Vendors Member Number : 28325

Listing information last updated on August 17th, 2026 at 4:07pm CDT.