306 Malaga Place, Panama City Beach

$549,000

2 Beds
2 Baths
1,205 Sqft
.07 Acre
0 Garage

BEACH HOUSE, VACATION ESCAPE OR INCOME-PRODUCING VRBO 306 Malaga Place offers an incredible opportunity to own your piece of Panama City Beach in a location that puts the best of the coast within easy reach.
Located in Laguna Beach and just a few blocks from the sugar-white sand and emerald waters of the Gulf, this inviting 2-bedroom, 2-bath beach cottage offers approximately 1,205 square feet of comfortable coastal living with NO HOA and short-term rentals allowed. Perfect as a full-time residence, second home or vacation rental investment, this property offers the flexibility to enjoy the beach lifestyle yourself while creating rental potential when you're away.

Thoughtful updates throughout the home include LVP flooring, granite countertops, Frigidaire stainless steel appliances and updated baths, while a bonus/sunroom provides additional space for relaxing, entertaining or accommodating guests.

A great addition is the fenced-in front porch, creating a private outdoor retreat for morning coffee, unwinding after a day at the beach, or giving the pups their own secure spot to enjoy the coastal breeze.

The location is where this property really shines. Spend the day at the beach, head to nearby Pier Park for shopping, dining and entertainment, or venture west to explore the restaurants, shops, beaches and communities along Scenic Highway 30A. With both Panama City Beach and 30A at your fingertips, you can enjoy the best of both worlds. Whether you're looking to LIVE HERE FULL TIME, ESCAPE TO YOUR OWN BEACH HOUSE or add a VRBO/VACATION RENTAL to your investment portfolio, 306 Malaga Place delivers location, flexibility and laid-back coastal living.
Come for the beach. Stay for the lifestyle. Let your investment work when you're away.

Essential Information
MLS® #1012443
Price$549,000
Bedrooms2
Bathrooms2.00
Full Baths2
Square Footage1,205
Acres0.07
Year Built1961
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusActive
Community Information
Address306 Malaga Place
Area27 - Bay County
SubdivisionLAGUNA BEACH ESTATES
CityPanama City Beach
CountyBay
StateFL
Zip Code32413
Amenities
UtilitiesPublic Sewer, Public Water
Interior
Interior FeaturesNewly Painted
HeatingCentral
CoolingCentral Air
# of Stories1
Appliances

Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater

Exterior
Lot DescriptionInterior Lot
WindowsWindow Treatments
RoofMetal
ConstructionBlock, Stucco
FoundationSlab
School Information
ElementaryWest Bay
MiddleSurfside
HighArnold
Additional Information
ZoningResid Single Family
Listing Details
OfficeThe Beach Group Properties LLC
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 306 Malaga Place, Panama City Beach, FL

Photo of Listing #1013155

117 Summer Breeze Road, West Panama City Beach

$479,000 - 3 Beds, 2 Baths, 2,160 Sf

MLS® # 1013155

Photo of Listing #1013351

21902 Sunnyside Lane, Panama City Beach

$590,000 - 2 Beds, 3 Baths, 1,362 Sf

MLS® # 1013351

Photo of Listing #1013483

200 Turtle Cove, Panama City Beach

$565,000 - 3 Beds, 3 Baths, 2,140 Sf

MLS® # 1013483

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 October 16th, 2026 at 5:37am CDT.