Panama City Beach Homes under $1 million

Welcome to Panama City Beach, Florida – a coastal gem nestled in Bay County that beckons with its stunning white-sand beaches, vibrant community, and endless recreational opportunities. Known for its picturesque sunsets and crystal-clear waters, this charming city is a haven for those seeking a laid-back lifestyle infused with the spirit of adventure.

Panama City Beach offers a diverse array of homes under $1 million, making it an attractive option for families, retirees, and investors alike. Whether you're searching for a cozy beach cottage, a spacious family home, or a modern condo with ocean views, you'll find plenty of options that fit your budget. These properties not only provide a comfortable living space but also grant you easy access to the area's breathtaking beaches and a plethora of local attractions.

The community here is as warm as the Florida sun, with friendly neighbors and a welcoming atmosphere that makes you feel right at home. Enjoy outdoor activities such as fishing, boating, and hiking in nearby parks, or indulge in the vibrant dining and entertainment scene that Panama City Beach has to offer. From fresh seafood restaurants to lively beach bars, there’s something for everyone to enjoy.

Investing in a home in Panama City Beach means embracing a lifestyle filled with sunshine, smiles, and the soothing sounds of the ocean. With homes under $1 million, this charming city invites you to make your dream of coastal living a reality. Come explore the possibilities and discover why Panama City Beach is the perfect place to call home!

Newest Panama City Beach Homes under $1 million

$759,900

3 Beds ⋅ 3 Baths ⋅ 1013535 MLS

Backing to a natural preserve and distinguished by more than $76,000 in builder-selected options and upgrades, this newly completed 2025 home offers an elevated take on the Hathaway floor plan. As the only finished two-story Hathaway currently available in gated Breakwater at Ward Creek, the three-bedroom, three-bath residence pairs 2,548 square feet with a first-floor primary suite, flex room, spacious upstairs loft and two-car garage. Inside, an open layout is enhanced by wide-plank LVP flooring extending through the foyer, flex room, great room, kitchen, primary bedroom and closet, main staircase and upstairs loft. An upgraded open-rail staircase adds architectural interest while maintaining the home's light, airy feel. Recessed lighting, dimmer switches and thoughtfully placed electrical upgrades further refine the living spaces. The kitchen makes a polished statement with Sinclair White cabinetry, Calacatta Miraggio Cove quartz countertops and a herringbone tile backsplash. A Kohler apron-front farmhouse sink, pot-and-pan drawer storage and an upgraded Whirlpool appliance package add both style and function, with a 36-inch five-burner gas cooktop, combination wall oven and third-rack dishwasher among the highlights. The first-floor primary suite provides a private retreat with a walk-in closet and a richly finished bath. Calacatta Miraggio Cove quartz tops the raised-height vanity while matte-black Kohler fixtures complement a frameless glass shower with full-height tile, a recessed niche and herringbone mosaic flooring. A flex room and full hall bath add versatility on the main level, while two additional bedrooms and a generous loft upstairs provide comfortable accommodations for guests, a media room or secondary living space. The secondary baths feature adult-height vanities with quartz tops and tile surrounds extending to the ceiling, while the laundry room includes additional cabinetry and a quartz countertop. Designed to extend everyday living outdoors, a 9-by-8 multi-slide stacked glass door opens the great room to a screened covered lanai overlooking the preserve. The lanai is already roughed in for a future outdoor kitchen, making it easy to create a fully equipped entertaining space. The Breakwater at Ward Creek community offers access to a pool, fitness center, playground, tennis and pickleball courts, along with convenient access to Panama City Beach, Pier Park and the white-sand beaches of the gulf. With its preserve setting, extensive designer upgrades and move-in-ready Hathaway floor plan, the property stands apart as a thoughtfully finished option for both full-time and second-home living.

251 Breakwater Blvd, Panama City Beach

$840,000

2 Beds ⋅ 2 Baths ⋅ 1013531 MLS

ust 250 feet from Public Beach Access 76A, this West End beach cottage offers Gulf views, STR eligibility and rare Commercial High Intensity (CH) zoning--creating exceptional flexibility for both personal use and investment. Enjoy Gulf views and sunsets from the private lookout deck, plus an open-concept interior with vaulted ceilings, fireplace and updated kitchen with quartz countertops. Covered outdoor living, an outdoor shower, pavered grounds, 16' x 20' storage shed and golf cart make beach living easy. Historical plans previously approved for the property illustrate the potential for a rear addition featuring a 2-car garage with 2 bedrooms and 2 baths above; plans are provided for conceptual purposes and would require current approval and permitting. Recent improvements include the roof, HVAC, water heater, appliances and solar panels. Located minutes from Pier Park, Thomas Donut & Snack Shop, Carousel and the best of Panama City Beach's West End. Live here, rent it, expand it or explore the possibilities offered by commercial zoning.

17826 Front Beach Rd, Panama City Beach

$629,900

4 Beds ⋅ 3 Baths ⋅ 1013522 MLS

Welcome to this lovely home located in Colony Club, situated on an oversized lot with views of the golf course. This home has 4 bedrooms, 3 bathrooms, and an additional flex room that could be an office or bonus space. The living room has built-in bookshelves and a gas log fireplace. The kitchen has granite countertops and a pantry, with the breakfast nook including a built-in granite-top breakfast table with storage. The living room and primary bedroom have doors that access the screened-in porch and pool. The additional bedroom at the back has private access to the pool as well. In addition to the attached 2-car garage, there is an additional 2-car detached garage/workshop. Lots of parking in addition to the garages would be perfect for your RV, boat, or both!

128 Fairway Blvd, Panama City Beach

14825 Front Beach Rd Unit UNIT 2408, Panama City Beach

$509,900

2 Beds ⋅ 2 Baths ⋅ 1013489 MLS

PRIME 24th-Floor Gulf-Front Condo at Sunrise Beach Resort! High above the shoreline, Unit 2408 looks down on the sandbars and turquoise shallows of the Gulf, with wide views of the emerald water and sugar-white sand. Upper floors mean bigger views and more privacy. This 2BR/2BA has a separate bunk room with its own door and a twin-over-full bunk, so it lives like a 3-bedroom. It's sold fully furnished and rental-ready. 9' ceilings and floor-to-ceiling sliding glass doors fill the living area with light. They open to an oversized covered balcony, which you can also reach from the Gulf-front primary suite. The primary bath has a double vanity and garden tub/shower combo, and a second full bath serves the guest areas. Tile and luxury vinyl plank flooring throughout. The kitchen offers granite countertops, GE appliances including a side-by-side refrigerator with ice and water, and a breakfast bar.

14825 Front Beach Rd Unit UNIT 2408, Panama City Beach

$565,000

3 Beds ⋅ 3 Baths ⋅ 1013483 MLS

Charming 3 bedroom 3 full bath home offers 2140 sqft of comfortable living space in the desirable Turtle Cove neighborhood nestled along Lake Powell. As you enter the well maintained home you will find on the first floor one full bathroom and bedroom. The separate dining room is perfect for hosting. Upstairs is another guest bedroom, full bathroom with large extra storage room. The laundry room is conveniently located upstairs next to the master bedroom. This large master has 2 closets to choose from and a sitting area. The master bath has a double vanity, separate tub and shower. If you enjoy entertaining the outdoor space is exactly what you need, outdoor kitchen and a fire pit area or relax in the screened in porch. The fenced in backyard is just the right size to easily maintain with a shed to hold your lawnmower and all the extras. The yard backs up to the green space and amphitheater catch a movie or some tunes. Just down the street you can find the multipurpose courts which can be used for pickleball, tennis or basketball. The clubhouse, pool & exercise room are located next to the courts. The clubhouse is available to rent for private events or join in for monthly Bunco. There is plenty of space to spread out on the pool deck. Don't forget your fishing poles, the dock on Lake Powell is just behind the pool. New gas water heater and gas stove replaced in 2026, New HVAC Units x2 2024. Just 5 mins from 30A and 10 minutes to Pier Park makes this an ideal location.

200 Turtle Cv, Panama City Beach

14825 Front Beach Rd Unit 2102, Panama City Beach

$520,000

2 Beds ⋅ 2 Baths ⋅ 1013474 MLS

3-bedroom Function at a 2-bedroom price AND sold with a RARE STORAGE UNIT S-086. Unit 2102 combines a highly functional 2-bedroom layout with a separate enclosed bunk room with window, giving owners and guests the sleeping capacity and flexibility buyers often seek in a larger unit. Highly prized upper floor unit offers expansive Gulf and horizon views, added privacy, and a full-width Gulf-front balcony measuring approximately 23' wide for dining, sunset watching, or entertaining. Ample closets throughout, full size in-unit laundry Room, and additional locked owner's closet provide valuable space for beach gear, owner items, and rental supplies. Offered furnished and rental-ready, with a strong five-star guest history. Practical updates include a replaced refrigerator, range, microwave, faucets throughout, an upgraded living-room ceiling fan, and a newer primary-bedroom mattress. Existing finishes and furnishings convey, making the condo ready to enjoy as-is while still giving the next owner the opportunity to refresh flooring, paint, window treatments, artwork, rugs, and furnishings over time to suit their own taste. Optimum choice to personalize colors or furniture in time to relaunch on rental market and have back in service before December 31, 2026. Well loved Airbnb with excellent renter satisfaction: https://www.airbnb.com/rooms/678333199474658295?unique_share_id=72e05ef3-415b-4c76-9054-1df8ec5b0793&viralityEntryPoint=1&s=76 Sunrise Beach Resort offers approximately 346 feet of Gulf frontage, two Gulf-front pools including one seasonally heated, two hot tubs, a children's splash area, Gulf-front fitness center, owners' lounge/clubhouse, grilling areas, high-speed elevators, and covered parking on the Gulf side of Front Beach Road--no pedestrian bridge required. Sunrise Beach is governed by a unit-owner-controlled condominium association, giving owners a direct voice in budgeting, reserves, rules, maintenance and the long-term stewardship of the property. HOA services include cable TV, internet, water/sewer, trash, association management, common-area maintenance, insurance, recreation facilities and pest control. Pets are allowed subject to association rules and restrictions. Located less than a mile from Pier Park and close to dining, shopping and entertainment.

14825 Front Beach Rd Unit 2102, Panama City Beach

$649,000

4 Beds ⋅ 3 Baths ⋅ 1013418 MLS

Just steps from the white-sand beaches and sparkling Gulf of Mexico, this charming beach cottage offers a relaxed coastal lifestyle with the added versatility of a separate guest cottage. Conveniently located near a local grocery store and the beach, this delightful property combines classic coastal character with thoughtful spaces for family, guests, or rental potential. The main house features a lovely oversized partially covered balcony, perfect for enjoying the coastal breeze and outdoor entertaining. Inside, two separate living areas provide plenty of room to gather or unwind, while charming pine accents on the walls, ceilings, and stairs create a warm beach-cottage atmosphere. The kitchen features tile flooring, stainless steel appliances, and a fun blue-and-white tile backsplash accented with a crab mosaic above the stove. Quaint sitting alcoves with built-in benches add character throughout the home. Durable terrazzo flooring throughtout the first floor provides a timeless, easy care finish. The master bedroom offers the cozy ambiance of a fireplace and comfortable carpeting. The bathrooms showcase tiled walls and floors, and charming shiplap stairs add another touch of coastal character. A separate guest cottage tucked behind the main house offers wonderful flexibility and could be ideal for guests, extended family, or rental income. Its covered porch provides the perfect spot for morning coffee or an evening cocktail. Inside, the cottage features white shiplap walls in the living area, white tile kitchen walls, and pine wood flooring. The bedroom features warm wood-paneled walls, and the bathroom includes a shower. With its beach cottage charm, separate guest accommodations, inviting outdoor spaces, and enviable location less than one block from the Gulf, this property offers a wonderful opportunity to enjoy the laid-back coastal lifestyle while providing exceptional flexibility for guests or investment use.

118 E Lakeshore Dr, Panama City Beach

16819 Front Beach Rd Unit UNIT 1514, Panama City Beach

$465,000

2 Beds ⋅ 3 Baths ⋅ 1013383 MLS

Let sweeping Gulf views set the pace for your days at Tidewater Beach Resort in Panama City Beach. From slow mornings overlooking the water to afternoons on the sand and evenings exploring nearby dining and entertainment, this fully furnished, Gulf-front condo puts the beach lifestyle within easy reach. Two bedrooms, three full bathrooms, and a separate bunk room offer flexible space for hosting family and friends. Both bedrooms feature private en suite bathrooms, while the bunk room sits conveniently beside the third full bath. Same-floor storage closet S-1 keeps beach gear, owner supplies, and personal belongings close at hand, making days by the water that much easier. Enjoy Tidewater's resort-style amenities, including multiple pools, hot tubs, a well-equipped fitness center, a game room, and on-site dining. When you're ready to explore, nearby Pier Park offers shopping, dining, and entertainment to round out your Panama City Beach experience. Whether you envision a personal coastal retreat or a vacation-rental opportunity, this Gulf-front condo combines beautiful water views, a versatile layout, and the conveniences of resort living. Schedule your private showing and picture your next chapter at Tidewater Beach Resort.

16819 Front Beach Rd Unit UNIT 1514, Panama City Beach

307 Breakfast Point Blvd, Panama City Beach

$629,000

5 Beds ⋅ 3 Baths ⋅ 1013379 MLS

This home is where thoughtful upgrades, everyday comfort, and the unbeatable Breakfast Point community come together. This highly upgraded home backs up to a private preserve with no neighbors behind you or in front of you, giving you peaceful views and room to breathe right in the heart of one of Panama City Beach's most sought-after neighborhoods. Step inside and you'll feel the difference immediately. Single level, 3-car garage, 5 bedrooms or utilize it for 4 bedrooms and a flex room, 3 baths, screened-in porch and a papered patio with hot tub. Nine-foot ceilings rise to ten feet at the tray ceilings, and oversized eight-foot doors add a sense of openness throughout. Custom shiplap walls, faux wood beams, and decorative millwork throughout. The kitchen is the heart of the home and a dream for anyone who loves to cook. It features a gas cooktop with pot filler, a stainless gourmet appliance package, a French door refrigerator, quartz countertops, and an apron-front sink. Cabinets reach all the way to the ceiling with crown molding, soft-close doors and drawers, and a beautifully finished island where everyone naturally gathers. A glass pantry door adds a stylish touch, and a custom drop zone with cubbies keeps backpacks, shoes, and beach bags organized. The primary suite is your private retreat, with shiplap walls and faux wood beams overhead on the tray ceiling. Its spa-inspired bath has a frameless glass shower with a ceiling-mounted rainshower head and fully tiled surround. Just outside the primary suite and off the living area, outdoor living is where this home shines. A three-panel pocket sliding door stacks neatly and opens the living space to a screened lanai and pavered patio. Sink into the hot tub after a long day, fire up the grill with a built-in gas line, and enjoy the quiet of the preserve behind you. The three-car garage has epoxy floors to match the porch, along with an electronic attic ladder that comes down with a push of a button for easy storage access. Two additional guest bedrooms and a guest bath with a custom barn door gives privacy on the left side of the house for your guests while two additional guest bedrooms and a guest bath is located at the front of the house for easy access. The fifth bedroom is currently being used as an office and gives you a flexible space for a home office, playroom, gym, or guest room. This home has been recently painted on the exterior making it effortless and move-in ready while low-VOC performance paint on the interior, custom blinds and shades throughout, and a washer and dryer that convey make this home feel like home on day one. Peace of mind is built in. The home features impact-resistant, low-E windows and GAF Timberline lifetime shingles. It sits in the X flood zone, has a termite bond, and includes a separate irrigation meter for sprinklers. Best of all, the solar panels will be paid off at closing, giving the next owner lower electric bills from the day you move in. Life in Breakfast Point is all about community. Hop in the golf cart and cruise the neighborhood, stop by the parks and playgrounds, or catch up with neighbors on an evening ride. Breakfast Point Academy is right in the neighborhood, and Arnold High School is just around the corner. Publix and Home Depot are minutes away for quick errands, and when the weekend comes, the beach is just a short drive down the road. This is the home, the location, and the lifestyle you've been waiting for.

307 Breakfast Point Blvd, Panama City Beach

3707 Mystic St Unit A-B, Panama City Beach

$599,900

5 Beds ⋅ 3 Baths ⋅ 1013374 MLS

Picture this: it's 7 a.m., coffee in hand, and you're strolling across the street to watch the sun come up over the Grand Lagoon. Your boat is in the water from the public ramp one block away before the charter crowd wakes up. By lunch you're toes-in-the-sand at Gulf beach access #11, about half a mile from your door. By sunset you're on the deck at Schooners, about 1.5 miles away. And while you're living the dream, two homes are quietly working for you. That's what 3707 Mystic Street is: a beach lifestyle that pays its own way. This duplex lives like two separate homes, with two private entries, two separate parking areas and each unit's own patio, so neighbors and guests never feel like they're sharing. Mystic Surf (Unit A) is the guest favorite, with three king bedrooms plus a twin and trundle that sleep eight, surf murals in every bedroom, a kitchen big enough for the whole crew, a cozy electric fireplace and a storage shed for the kayaks and paddleboards. Mystic Sun (Unit B) is the hideaway, with two king suites, a full kitchen, a real wood-burning fireplace for those cool December nights and its own shed. For the second-home buyer, this is the beach house that doesn't sit empty. Keep one side as your private getaway, with its own entry, parking and patio. Rent the other side to guests and let them help cover your costs. Come down whenever you want, lock the door when you leave, and let the income keep rolling in. For the investor, this is two income streams on one turnkey property that's already operating as a vacation rental. There's no HOA and nothing to fix, short-term rentals are allowed, and you have the flexibility to run each unit however the market tells you to. For the buyer hunting for multifamily close to the beach, this is the one that's hard to find. Small multifamily properties this close to both the Gulf and the lagoon rarely come up, especially with true separation between units, a corner lot and room to grow. There's space for boat parking, so your boat lives right at home one block from the ramp. There's also room to add a hot tub, the kind of upgrade guests search for and happily pay more for. Everything worth doing is close. The Grand Lagoon marinas and charter fleets are 1 to 2 miles away. The trails and snorkeling at St. Andrews State Park are about 2 miles away. A cold one at Buster's Beer & Bait is an easy walk, and Pier Park is roughly 9 miles away. Now let's talk numbers. Mystic Surf projects about $46,000 a year in rental income, and Mystic Sun projects about $30,000, for a combined projection of roughly $76,000 a year. There's no HOA fee eating into your returns, and both units are already up and running, so there's no setup period and no waiting for your first booking. Keep both on the short-term market for maximum income, or put one side on a mid- or long-term lease for steady, predictable cash flow. Adding a hot tub or capturing boat-friendly guests could push those numbers even higher.

3707 Mystic St Unit A-B, Panama City Beach

$289,000

3 Beds ⋅ 2 Baths ⋅ 1013372 MLS

Welcome Home! This updated 3BR/2BA home is located in the West End of Panama City Beach, in the Laguna Beach area, just 6 blocks from the white sandy beaches and minutes from shopping and dining. Situated on an ideal quarter-acre lot, the property offers ample outdoor space and privacy, and is perfect for building your dream home or enjoying as-is. Recent improvements include an HVAC system, septic tank, LVP flooring and high-traffic carpet, new toilets and vanities, fresh interior paint, roof replacement, and PEX plumbing, providing added value and peace of mind for the next owner. The spacious backyard features a generous workshop and a covered deck with granite countertops--perfect for outdoor entertaining, storage, or additional prep space for grilling and cooking.

625 Malaga Pl, Panama City Beach

15625 Front Beach Rd Unit 1507, Panama City Beach

$759,000

2 Beds ⋅ 2 Baths ⋅ 1013370 MLS

AQUA 1507 is one of the highest in demand across PCB and the Gulf Coast! Spectacular sunsets and excellent rental income potentially averaging between 55K and 65K! 1 Oceanfront Primary King Bedroom, 1 King Guest Bedroom, 2 Full Bathrooms and Bunk area w/ Twin Beds. Interior spaces include a primary suite w/ garden tub, glass enclosed shower and double vanity, guest room suite w/ tub/shower combo and single vanity, spacious kitchen w/ refrigerator, oven/range, microwave and washer/dryer. AQUA 1507 is market strong and in position to drive the highest ROI! Make this your Permanent or Investment Vacation Dream Home Today! Aqua is in the middle of a Goldmine at Pier Park and nothing compares to this opportunity across the Gulf Coast! PCB has been defined as No. 2 ''Emerging Destination'' in the world! Connect to the magic of the gulf and fulfill your beach front vacation dreams in this Luxury AQUA 1507 condominium! AQUA commands one of the most enchanting views on the gulf coast as this beautiful property rises above the white sands of Panama City Beach to the vibrant blue of the Gulf Coast sky. Sandy white beaches and blue-green crystalline waters stretch as far as the eye can see. Experience the poolside café, the whirlpool spa and the majestic beachside terrace of pools, fountains and water gardens - Aqua is your ultimate Gulf-front vista, all the beauty of resort living and all the comfort of home. Vacation pleasures abound as there is championship golf, fine restaurants, spectacular shopping, sport fishing, scuba diving, parasailing and amusement parks...or just make new tracks in the sand. Whatever you choose, AQUA is both your enchanting host and your luxurious sanctuary. While at Aqua you can enjoy on-site pampering services such as our Aromatherapy Steam Room, Fitness Center, supervised Kid's Club during peak vacation seasons, Poolside Party, Meeting and Media Room, an Event Center and more. Entertainment Highlight: AQUA is located 10 minutes from the Northwest Florida Beaches International Airport and just a pleasant stroll away from PIER PARK, a 240-acre high-energy entertainment, dining and retail wonder for the whole family. Pier Park is a unique open-air regional retail environment providing shopping, entertainment, and dining experiences. Ride the Waves of Luxury Living! AQUA 1507 on the Gulf Coast awaits you!

15625 Front Beach Rd Unit 1507, Panama City Beach

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