New Listing
8817 S Thomas Drive A114, Panama City
$249,000 - 1 Bath, 489 Sf
MLS® # 1003140
Panama City Beach Real Estate
Panama City Beach, or "PCB" is nearly 30 miles of white sand and emerald water. Homes in Panama City Beach are advantageously situated for investment as well as living. CNN Money named Panama City Beach the #1 real estate market in November 2006. While new construction is making Panama City Beach real estate still affordable, property values are expected to stay high.
Panama City Beach MLS Listings
881 Properties Found. Page 1 of 74.
New Listing
14701 Front Beach Road 1825, Panama City Beach
$475,000 - 2 Beds, 2 Baths, 1,299 Sf
MLS® # 1003146
New Listing
17729 Front Beach Road 2101e, Panama City Beach
$850,000 - 3 Beds, 3 Baths, 1,702 Sf
MLS® # 1003000
New Listing
9860 S Thomas Drive Unit 1007, Panama City Beach
$380,000 - 3 Beds, 2 Baths, 1,262 Sf
MLS® # 1003074
New Listing
9902 S Thomas Drive Unit 329, Panama City Beach
$267,500 - 2 Beds, 2 Baths, 1,262 Sf
MLS® # 1003077
New Listing
17751 Panama City Beach Parkway Unit 7b, Panama City Beach
$229,900 - 2 Beds, 2 Baths, 1,100 Sf
MLS® # 1002946
Panama City Beach Condos & Homes
"PCB" has been a popular vacation and spring-break destination for a long time, but has only recently been the object of real estate development. Home prices are stabilizing from their record highs in 2005-6 and now offer all levels of buyer quality living space for a fair price.
Condos have been experiencing a large growth right now. A Panama City Beach condo is a great way to break into the market or downsize, as it is generally less expensive than a house and most condominium complexes provide outside maintenance and care. Many condos in Panama City Beach overlook the waters of the Gulf, certainly a spectacular backdrop to a convenient, affordable living space.
Single-family homes in Panama City Beach are available for those wanting more space. It's still possible to buy a single-family home for under $200,000 here and the average sale price is still well under $300,000.
No matter what kind of real estate you're looking at, its potential as an investment property cannot be overlooked. Since Panama City Beach is experiencing a boom in popularity with vacationers, retirees, families with children and those just starting out on their own, your property could jump in value, both for the resale potential and the income you could generate by offering it as a standard rental or a vacation property.
Shopping and dining opportunities abound in Panama City Beach. In addition to its own offerings, the unique offerings of the Beaches of South Walton are only a short drive away. For the golfers, there are many courses that will provide a challenging game for all levels of player. Fishing is another hugely popular pastime for residents and visitors alike and Panama City Beach has a respectable number of charter boats available by the hour or the day.
For the growing family, Panama City Beach offers top-rated schools and a variety of great activities. In addition to the water sports that the area supports, there are many attractions and fun educational opportunities. The Ripley's Believe It Or Not franchise has a branch here, built to look like a grounded ocean liner. The Gulf World Marine Park is a treat for marine nature lovers and kids will love the interactive shows.
Panama City Beach is a community only recently risen to popularity with the real estate owning public. It's a growing market with a lot of advantages for people of all walks of life. Come and discover what a Panama City Beach home can do for you!
Contact Ocean Reef Realty for more information about Panama City Beach, Florida.
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 May 15th, 2026 at 12:07pm CDT.
