Panama City Beach Homes under $200,000

Welcome to Panama City Beach, Florida, a stunning coastal gem nestled in Bay County! Known for its pristine white-sand beaches and crystal-clear emerald waters, this vibrant city is not just a vacation destination but also a wonderful place to call home. With an array of outdoor activities, from fishing and boating to hiking in nearby state parks, Panama City Beach offers a lifestyle that embraces both relaxation and adventure.

For those seeking an affordable slice of paradise, the real estate market in Panama City Beach has some exciting opportunities. Believe it or not, you can find charming homes priced under $200,000! Whether you’re a first-time homebuyer, looking for a vacation retreat, or seeking an investment property, this area has something for everyone. These homes often feature cozy interiors, proximity to the beach, and community amenities that enhance the coastal living experience.

Imagine waking up to the sound of waves crashing and enjoying your morning coffee on a sunlit porch. With the affordability of homes in this price range, you can make that dream a reality without breaking the bank. The friendly neighborhoods and welcoming community make it easy to settle in and enjoy the laid-back lifestyle that Panama City Beach is known for.

Don’t miss out on your chance to own a piece of this beautiful coastal paradise. Explore the available homes under $200,000 and start your journey toward living the beach life today! Whether it’s a starter home or a cozy getaway, Panama City Beach awaits you with open arms.

Newest Panama City Beach Homes under $200,000

520 N Richard Jackson Blvd Unit UNIT 112, Panama City Beach

$199,000

1 Baths ⋅ 1013256 MLS

Discover the exceptional opportunity to own Villa #112 at Edgewater Beach & Golf Resort, one of Panama City Beach's most sought-after gated resort communities. This extremely rare studio floor plan offers the full Edgewater resort experience while featuring the lowest HOA dues in the entire complex. This fully furnished, ground-level villa offers a unique combination of comfort, convenience, and privacy, with beautiful golf course views from both the living area and private back patio. Ground-level living means easy access with parking immediately outside the front door--no stairs, elevators, or long walks when unloading luggage, groceries, or beach gear. The villa is also conveniently located directly beside one of Edgewater's many heated villa pools. Owners and guests enjoy an impressive array of resort amenities, including the spectacular 11,000-square-foot lagoon-style pool, 10 additional heated pools, hot tubs, on-site restaurants and bars, a nine-hole golf course, tennis and pickleball courts, and more. Getting to the beach is simple, with a short walk across the Edgewater Walkover Bridge or complimentary tram service providing easy access to the lagoon pool and beachfront. Beyond the resort gates, an outstanding selection of restaurants, shopping, entertainment, a convenience store, bowling, and other attractions are just moments away. The Bay County Pier is also approximately two blocks from the resort.

520 N Richard Jackson Blvd Unit UNIT 112, Panama City Beach

112 Fairway Blvd Unit UNIT 404, Panama City Beach

$194,900

2 Beds ⋅ 1 Baths ⋅ 1012606 MLS

Welcome to 112 Fairway Blvd, Unit 404, a charming 2-bedroom, 1-bath condo located in the desirable Colony Club community of Panama City Beach. Perfectly positioned along the golf course, this spacious unit features an enclosed patio overlooking the community pool and greens, creating a relaxing spot to enjoy the peaceful surroundings and beautiful views. Inside, you'll find an open living area filled with natural light, a functional kitchen, and generously sized bedrooms. Whether you're looking for a full-time residence or a Florida vacation retreat, this condo offers an easy, low-maintenance lifestyle in a convenient location. Colony Club features beautifully maintained grounds, a sparkling inground community pool, and a community room located beside the pool--an ideal space for private gatherings. Enjoy walking trails and a quiet residential setting while still being close to everything Panama City Beach has to offer. Located next to Holiday Golf Club, approximately four minutes from the beach and just two miles from Pier Park, you'll have shopping, dining, entertainment, golf, and the beautiful beaches of the Emerald Coast all within easy reach. HOA dues are approximately $450 per month and include Wi-Fi, basic cable, water, sewer, trash, building insurance, community management, pool, and community room. Come experience the convenience, views, and relaxed coastal lifestyle offered at Colony Club!

112 Fairway Blvd Unit UNIT 404, Panama City Beach

14401 Front Beach Rd Unit UNIT 305, Panama City Beach

$174,000

1 Baths ⋅ 1010564 MLS

OWNER FINANCING AVAILABLE!!! ASSESSMENT FREE!!! BRAND NEW HVAC!!! AMAZING UPDATES!!! UNBELIEVABLE SUNSET VIEWS!!! This beautifully decorated unit in one of the most iconic buildings on the beach has been newly remodeled and is waiting to make someone an incredibly happy investor! Although the current owner has only briefly rented the unit, similar ones in the building pull in an incredibly strong rental income nearing $30k annually. That's right... You can get the same income from this gem vs condos that cost $200k more. Generate a 4% plus annual return on investment - and nearly 8% ROI when you add in appreciation!!! All the big ticket items have been recently updated - ensuring worry free ownership and maximum profit for years to come! Unlike ANY other building on the beach, the $895 monthly HOA dues cover EVERY single utility expense - even the electricity!!! Take 2 seconds to break that down ($150 elec, $80 water, $50 trash, $120 cable/internet, $300 exterior insurance, $30 sewer, $100 exterior maint/grounds, $30 gym = $860 TOTAL), and you will quickly see that you are only paying $35 a month for a pool, the biggest and best beach viewing deck in town, and the closest condos to the sand that PCB has to offer. You will NOT find a better deal anywhere in town! 3rd floor, right on the sand, and perfectly located on the HIGHLY DESIRED west side of the building which guarantees the best sunsets in town. If you are looking for a beautiful rental unit in the most established building in PCB, or an incredibly relaxing place to call home, this is hands down the best investment on the entire beach!!!

14401 Front Beach Rd Unit UNIT 305, Panama City Beach

$175,000

1 Baths ⋅ 1009136 MLS

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!

134 Damon Cir Unit B, Panama City Beach

$199,000

1 Beds ⋅ 1 Baths ⋅ 1009068 MLS

Vacation when you want... earn income when you don't. One stay here, and you'll understand why so many people never want to leave. And the best part? It's under $200k. Welcome to this charming ground-floor corner 1-bedroom condo, where Southern coastal style meets affordability. Beautifully furnished and thoughtfully accessorized, this turnkey unit is rental-ready and ideally located just steps from the heated pool and tennis courts. The interior has been tastefully updated with shiplap throughout, giving the entire condo a warm coastal feel. Additional upgrades include LVP flooring, stainless steel appliances, updated countertops, a modernized bathroom, a new sliding glass door, impact-rated windows, and a new roof installed in 2018, offering both style and peace of mind. The beach is just a 6-minute walk away, or hop in your golf cart parked right outside the unit and be there in no time. Whether you're looking for your own beach getaway or an investment property with strong projected GRI, this condo offers exceptional value in one of Panama City Beach's most popular vacation communities. The below-average HOA fees provide outstanding value and include building insurance, water and sewer, exterior maintenance and painting, lawn care, trash service, pest control, termite bond, gated security, property patrol, 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, and playgrounds. If you've been looking for an affordable beach property that checks all the boxes, this is one you won't want to miss. Schedule your showing today!

134 Damon Cir Unit H, Panama City Beach

17214 Front Beach Rd Unit # 5A, Panama City Beach

$199,999

1 Beds ⋅ 1 Baths ⋅ 1008970 MLS

Lowest-priced unit in Sand Castles West!** Great opportunity to own a 1-bedroom, 1-bath condo in Building A on the 3rd floor, directly across the street from the beautiful white-sand beaches of Panama City Beach. Enjoy beautiful Gulf views from the unit, with sparkling blue water visible from the living area, plus a private balcony to take in the coastal surroundings. A new HVAC system was installed in 2024. The association passed its Phase I Milestone Inspection, with the engineer's report noting the building is in generally good condition. The community has completed the roof replacement and exterior building painting, providing added value and peace of mind for owners and investors. HOA dues include water, sewer, internet, building insurance, grounds maintenance, garbage service, and access to two community pools. Walk across the street to the beach and enjoy shopping, dining, and entertainment nearby, including McGuire's Irish Pub, Whiskey's Saloon, and the new ALDI. Whether you're looking for a vacation getaway, full-time beach living, or an income-producing short-term rental, this condo offers an excellent combination of **Gulf views, beach access, location, value, and convenience. Turnkey and ready for its next owner-schedule your private showing today!

17214 Front Beach Rd Unit # 5A, Panama City Beach

520 N Richard Jackson Blvd Unit 1609, Panama City Beach

$195,000

1 Beds ⋅ 2 Baths ⋅ 1008801 MLS

GOLF COURSE VIEWS. TWO FULL BATHROOMS. FULLY FURNISHED. Edgewater Golf Villas 1609 is a second-floor, one-bedroom, two-bathroom residence overlooking the sixth fairway and green at Edgewater Beach & Golf Resort in Panama City Beach, Florida. Floor-to-ceiling windows and a sliding glass door bring the golf course views into the spacious open living and dining area, while the private balcony provides an elevated vantage point over the course and surrounding pond. The kitchen features stainless steel appliances, Corian countertops, ample cabinet space, and a stackable washer and dryer. Tile flooring extends throughout the unit. The primary bedroom includes two queen-size beds, direct balcony access, golf course views, and an en-suite bathroom with a private water closet and tub/shower combination. A second full bathroom adds flexibility for owners and guests. Building 1600 is positioned just around the corner from one of the resort's 11 swimming pools, offering convenient access while maintaining the more relaxed setting of the Golf Villas. The air handler was manufactured in July 2021, and the water heater was installed on September 25, 2024. Edgewater Beach & Golf Resort offers an extensive collection of amenities, including a Par-3 executive nine-hole golf course with complimentary golf, a pro shop with equipment rentals, 11 swimming pools, six reflecting ponds, four whirlpool spas, a Polynesian-style lagoon pool with waterfalls and islands, beach access, tram service, a splash pad, salon and spa services, poolside dining, and multiple food and beverage options throughout the resort. The property is pet friendly, subject to current resort rules and restrictions. The 2026 HOA dues are $2,998.49 per quarter, which is 3.25% lower than the 2025 amount. Recent additions to Panama City Beach, including Dolly Parton's Pirates Voyage Dinner & Show, Topgolf, McGuire's Irish Pub, and Tootsie's Orchid Lounge, add to the area's growing collection of entertainment and dining options. All information is deemed reliable but not guaranteed; buyer to verify if important.

520 N Richard Jackson Blvd Unit 1609, Panama City Beach

1219 Thomas Dr Unit # 123, Panama City Beach

$174,900

1 Beds ⋅ 1 Baths ⋅ 1006934 MLS

*Looking for an affordable second home or income-producing vacation rental? This is one of the best-priced properties on the beach! *This 1-bedroom, 1.5-bath home in Emerald Pointe Resort offers everything you need for the perfect coastal getaway. The home has been well maintained and features a new roof, new appliances, new A/C (2021), LVP flooring (2020), fresh interior paint (2020), water heater (2016), and an 8x8 storage building (2016). *One of the most unique advantages of Emerald Pointe is that you own both the home and the land�a rare find in a resort community. With low HOA fees, you can enjoy it as your personal retreat or use it as a vacation rental for additional income. *Emerald Pointe Resort is a beautifully maintained community offering two pools (one heated), hot tub, playground, shuffleboard courts, fitness center, community room, organized activities, and professional on-site management and so much more. *An incredible opportunity at an unbeatable price. Schedule your showing today!

1219 Thomas Dr Unit # 123, Panama City Beach

7813 N Lagoon Dr Unit UNIT 4G, Panama City Beach

$150,000

1 Beds ⋅ 1 Baths ⋅ 1004381 MLS

COMING SOON-NO SHOWINGS Welcome to this absolutely adorable, recently updated 2-bedroom, 1-bath condo offering 720 square feet of comfortable, easy living in one of Panama City Beach's most beloved waterfront communities. Step inside to a bright, open living area that flows effortlessly into two generously sized bedrooms, complete with the everyday convenience of an inside laundry area and a dedicated outside storage room for all your beach gear and extras. Perched on the second floor, you'll enjoy added privacy and peace and quiet with no neighbors overhead. Tucked along the scenic Grand Lagoon--a favorite local hub for fishing, boating, paddleboarding, and kayaking--Greenwood Estates is a quiet, low-traffic complex cherished for its laid-back, tranquil setting. Community amenities include a sparkling pool, a gated dock, and a covered picnic and grilling pavilion, the perfect spot to relax, entertain, or watch the boats glide by. The location is hard to beat: you're just about five minutes from sugar-white sand beaches, plus marinas, shopping, and some of the area's best dining right on North Lagoon Drive, including The Grand Marlin, Capt. Anderson's, and the beachfront favorite Schooners. Whether you're searching for a full-time coastal home, a relaxed seasonal retreat, or a long-term residence near the water, this move-in-ready charmer delivers character, comfort, and an unbeatable lifestyle. Please note: this is an owner-occupant and long-term community--no short-term/vacation rentals. Homes like this in Greenwood Estates don't last long, so call today to schedule your private showing!

7813 N Lagoon Dr Unit UNIT 4G, Panama City Beach

$179,999

3 Beds ⋅ 2 Baths ⋅ 1006315 MLS

Looking for a primary residence, vacation getaway, or investment property just minutes from the beach? This beautifully remodeled mobile home offers the perfect blend of comfort, convenience, and coastal living. Ideally located less than five minutes from the sugar-white sands of Panama City Beach, you'll also enjoy quick access to grocery stores, local dining favorites, shopping, and entertainment. With modern updates throughout and a move-in-ready feel, this home is an excellent opportunity for full-time living, a second home, or a rental investment. Don't miss your chance to own an affordable piece of paradise!

9210 Widener St, Panama City Beach

134 Damon Cir Unit Unit D, Panama City Beach

$198,900

1 Beds ⋅ 1 Baths ⋅ 1001188 MLS

Welcome to your ideal beach getaway at Gulf Highlands Beach Resort! This 1-bedroom, 1-bathroom condo with a convenient double bunk offers extra sleeping space for family and guests. Priced to sell, it's one of the most affordable 1-bedroom condo in the entire resort--perfect for homeowners and investors alike. Located just 0.4 miles from public beach access 39, Unit D provides quick access to Panama City Beach's top attractions, with both Front Beach Road and Hutchison Boulevard nearby. Gulf Highlands boasts amazing amenities, including 11 pools (5 heated seasonally), a private gym, mini golf, shuffleboard, tennis and pickleball courts, and a beachfront restaurant, Beach House. This condo is also conveniently situated on the east end of PCB, just minutes from the Hathaway Bridge, making it easy to explore all that Panama City has to offer. Don't miss out on this incredible value and the chance to own in a resort community steps from the beach!

134 Damon Cir Unit Unit D, Panama City Beach

8730 Thomas Dr Unit # 1207B, Panama City Beach

$199,900

1 Beds ⋅ 1 Baths ⋅ 1001169 MLS

LOCATION LOCATION LOCATION Amenities at this community include: Gated Community, Building has a elevator, Boat Dock and Boat Parking, Fish Station Cleaning, Pool, Tennis and Pickleball Court, Sauna, Picnic area with barbecue pits, tables and chairs, and Community Room. Enjoy coastal living in this well-maintained 1-bedroom, 1-bath unit in a highly desirable location just a block to the white sandy beach. This property offers a functional layout in good condition, perfect as a primary residence, second home, or investment opportunity. Just a short walk to the new tootsies, local restaurants, shops, and nearby activities, you'll love the convenience and lifestyle this location provides. Boating and fishing enthusiasts will appreciate the on-site dock with direct access to the beautiful emerald green water of the Gulf, making it easy to spend your days relaxing on the water. Don't miss your chance to own in this prime area with both relaxation and recreation right at your doorstep. AC - 2021, Freshly Painted 2024, Furnishings 2024, Bathroom remolded 2024, Newer Kitchen Appliances 2024 (minus dishwasher) Come and See!!

8730 Thomas Dr Unit # 1207B, Panama City Beach

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