Panama City Beach Homes under $400,000

Welcome to Panama City Beach, Florida, where sun-kissed shores and vibrant coastal living come together to create an idyllic paradise! Nestled in Bay County, this charming beach town is renowned for its stunning white-sand beaches, crystal-clear waters, and a plethora of outdoor activities. Whether you’re an adventure seeker, a beach lover, or someone who enjoys leisurely strolls along the shore, Panama City Beach has something for everyone.

The area boasts a thriving community filled with friendly faces and a welcoming atmosphere, making it a perfect place to call home. With a variety of local shops, delicious dining options, and exciting entertainment venues, life here is as lively as it is relaxing. From fishing and boating to exploring the nearby state parks, the natural beauty of this region is sure to captivate your heart.

For those looking to invest in their dream home without breaking the bank, Panama City Beach offers an enticing selection of homes priced under $400,000. Whether you’re searching for a cozy beach bungalow, a modern condo with ocean views, or a charming family home, you’ll find plenty of options that fit your budget and lifestyle. These affordable properties provide the perfect opportunity to enjoy the beach lifestyle you’ve always dreamed of, all while being part of a close-knit community.

Don’t miss your chance to embrace the laid-back charm of Panama City Beach. Explore the affordable housing options available today and start your journey toward coastal living!

Newest Panama City Beach Homes under $400,000

$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

6901 N Lagoon Dr Unit UNIT 37, Panama City Beach

$215,000

2 Beds ⋅ 2 Baths ⋅ 1013343 MLS

Life waterfront on Grand Lagoon is calling. This beautifully renovated, fully furnished, ground-floor condo is stunning. And with your boat never far away at the dock and the white sandy beach just a short drive down the road, this is an incredible second home or primary residence. This 2-bedroom, 2-bath home is truly move-in ready. Freshly renovated and furnishings included, start your mornings on the covered back patio with a cup of coffee before heading out on the water. The galley kitchen is bright and inviting, with white cabinets, stainless appliances and a decorative tiled backsplash. Gather for dinner and settle into the spacious living room after a long day of sun and salt air after being at the pool. Ground-floor living means no hauling beach gear, groceries, or fishing tackle up the stairs! Both bedrooms are generously sized with plenty of closet space, so there's room for guests to settle in comfortably. Both baths have been fully renovated with new tiled showers, new vanities, and new toilets. A full size washer and dryer are also included in the unit making it a great place to stay for long trips. With water views, furnishings included, this condo needs nothing but you! The best part waits just outside your door. Palisades offers a waterfront boat dock and fish cleaning station right on Grand Lagoon. Dock your boat, and you're a short cruise from Shell Island's crystal-clear shallows or the open Gulf for a day of fishing. Come back in with the catch of the day and clean it right on site. If fishing isn't your thing, grab a paddleboard or kayak and explore the calm waters of the lagoon, or head a few minutes to the World's Most Beautiful Beaches. In between adventures, cool off in the community pool, community pool play a match on the community tennis courts. Boat slips are first come, first served and you may leave your boat in the water as long as you'd like. Like to keep your boat in dry storage at Pirates Cove or Treasure Island just down the road? This is perfect to take your boat out of storage and keep it behind your own condo whenever you want! Some of Panama City Beach's most popular restaurants and waterfront hangouts are just minutes away, so sunset dinners and live music are always close by. Whether you're looking for a full-time home, a weekend escape, or a place to make your beach-life dreams come true, Unit 37 has it all. HOA fees include water, sewer, garbage, exterior insurance, community room, dock, pool, tennis, groundskeeping and cable.

6901 N Lagoon Dr Unit UNIT 37, Panama City Beach

$324,900

2 Beds ⋅ 3 Baths ⋅ 1013289 MLS

WATERFRONT LIVING IN PANAMA CITY BEACH UNDER $325K! Welcome to 6532 Harbour Boulevard, a canal-front townhome offering the coastal lifestyle buyers are looking for at an approachable price point. Located in the gated Harbour Towne community, this 2-bedroom, 2.5-bath home features a bonus space overlooking the canal, perfect for a home office, reading nook or additional sitting area. Step outside to your waterfront patio and backyard overlooking the canal, where you can hop on the boat and spend the day cruising the bay, fishing, or venture out to the Gulf for a day on the water. A BRAND-NEW ROOF adds even more value and peace of mind for the next owner. Harbour Towne offers an impressive lineup of community amenities including two pools, pickleball courts, tennis courts and a community center, with Bayside Marina nearby. Conveniently located in Panama City Beach with easy access to the beaches, shopping, dining and surrounding areas, this property offers the best of both waterfront living and everyday convenience. Whether you're searching for a primary residence, second home or your own Panama City Beach getaway, this is an opportunity to enjoy canal-front living without the typical waterfront price tag. Schedule your private showing and come see what makes this waterfront townhome special!

6532 Harbour Blvd, Panama City Beach

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

14701 Front Beach Rd Unit UNIT 1226, Panama City Beach

$339,000

1 Beds ⋅ 1 Baths ⋅ 1013231 MLS

Wake up to breathtaking Gulf views from this 12th floor beautifully updated 1 bedroom 1 bathroom beachfront condo featuring hallway bunks, perfect for additional guests or family getaways. This light and bright unit boasts new stainless steel appliances, granite counters, shaker style white cabinets, new furniture, modern lighting, comfortable new mattresses, and a stylish updated bathroom vanity. Enjoy resort-style amenities with multiple sparkling pools/hot tubs, (one Gulf front), fitness center, restaurant, Skybar, on-site Starbucks, community rooms, and a beach store. Just a few minutes to Pier Park and all of it's shopping and restaurants. This unit is turnkey and rental ready. Don't miss your chance to own a slice of paradise!

14701 Front Beach Rd Unit UNIT 1226, Panama City Beach

219 Palmeras Marinas Ln, Panama City Beach

$339,000

3 Beds ⋅ 3 Baths ⋅ 1012830 MLS

Looking for a place near the beach that works just as hard as you do? This nearly NEW 3-bedroom, 2.5-bath *fully furnished* townhome offers an exciting opportunity in the heart of Panama City Beach, whether you're searching for a primary residence, second home, or potential investment property. As an added benefit, there is a $10,000 seller credit as part of an acceptable offer. This can be used toward closing costs or an interest-rate buydown, giving you options to significantly reduce your upfront or monthly costs. Inside, the home feels bright, comfortable, and thoughtfully put together. The open-concept main level connects the living, dining, and kitchen areas, creating an easy space for everyday living and entertaining. The kitchen features white cabinetry, granite countertops, stainless steel appliances, a spacious center island with seating, and plenty of storage. Durable EVP flooring runs throughout the main living area, while recessed lighting and a neutral color palette keep the space light and inviting. All three bedrooms are upstairs, offering separation between the living and sleeping spaces. The primary suite offers a generous closet and private bath with dual sinks and an oversized shower, while two additional bedrooms and a full hall bath provide plenty of room for family or guests. The home is furnished, making it easier to start enjoying the property without the added expense and logistics of furnishing a second home or investment from scratch. The one-car garage with a finished epoxy floor provides valuable space for parking, storage, beach gear, or bikes, while gutters add practical appeal. And the location is hard to beat. You're less than half a mile from Panama City Beach's sugar-white sand, with restaurants, shopping, entertainment, golf, and Pier Park just minutes away. Short-term rentals are allowed, giving the future owner additional flexibility in how they use the property. Nearly new, beautifully maintained, and just minutes from the beach, this stylish Panama City Beach townhome offers an easy opportunity to make the beach lifestyle your own.

219 Palmeras Marinas Ln, Panama City Beach

9900 S Thomas Dr Unit 2126, Panama City Beach

$329,900

1 Beds ⋅ 2 Baths ⋅ 1013174 MLS

SUNSET VIEWS FROM THE BALCONY. SUNRISE VIEWS FROM THE PRIMARY BEDROOM. DEEDED PARKING. Shores of Panama 2126 is a beautifully maintained, professionally managed N floor plan featuring one bedroom, a bunk room, two full bathrooms, and a deeded parking space on the 11th floor. Positioned high above Panama City Beach, the condo offers Gulf views in two directions. From the living room and balcony, enjoy views across the resort's lagoon-style pool toward the Gulf, including southwest-facing sunset views. From the primary bedroom, the perspective shifts southeast along Panama City Beach's coastline, offering Gulf and sunrise views from the opposite side of the residence. Inside, coastal decor and LVP flooring throughout create a bright, cohesive interior. The primary bedroom includes a king-size bed and large flat-screen TV. The living room features a new U-shaped, deep-seated pullout sofa and large flat-screen TV. The kitchen is finished with granite countertops and stainless steel appliances, while a front-loading stackable washer and dryer provides in-unit laundry. The HVAC system was replaced in 2020, and the water heater was replaced in 2021. Documented rental income paid to the owner after management totaled $35,284.13 in 2024 and $30,135.85 in 2025. Completed stays through September 29, 2026, generated $27,818.74 after management and before other ownership expenses. Dolce Vita Getaways has also provided a projected annual rental revenue of $44,100, with an estimated range of $35,500 to $54,400 before management fees and ownership expenses. Past performance and projections are provided for informational purposes only and are not guarantees of future rental income. Shores of Panama Resort features one of the largest Gulf-front lagoon-style pools in Panama City Beach. The zero-entry tropical pool includes palm-lined islands, fountains, a spacious hot tub, and direct access to the resort's beachfront area. Additional amenities include an indoor heated pool and hot tub, a 24-hour fitness center, and a seasonal poolside Tiki bar. Located in the heart of Panama City Beach, Shores of Panama places dining, shopping, attractions, and entertainment nearby. Pineapple Willy's is adjacent to the resort, while Laketown Wharf directly across the street offers a variety of dining, retail, and entertainment options including Wharf Seafood Buffet, The Candymaker Ice Cream Shop, PCB Pizza, In Cahoots, The Press, The Bun Lab, 810 Billiards & Bowling, salon services, and more. Additional Panama City Beach attractions and entertainment venues include Dolly Parton's Pirates Voyage Dinner & Show, Topgolf, McGuire's Irish Pub, and Tootsie's Orchid Lounge. HOA dues are $3,147.62 per quarter. All information, rental income, projections, HOA fees, assessments, measurements, and property details are deemed reliable but not guaranteed; buyer to verify if important.

9900 S Thomas Dr Unit 2126, Panama City Beach

$365,000

4 Beds ⋅ 2 Baths ⋅ 1013166 MLS

The property was originally comprised of two separate lots that were combined into one parcel. The lots may be reverted to their original individual plats, offering additional flexibility for future use or development. Situated on a half-acre of prime property on the desirable west end, this home is tucked away on a quiet street and offers space, privacy, and incredible outdoor living. This home features frame additions and are complemented by a detached two-car garage/workshop, while the entire property is fully fenced in. Enjoy outdoor living at its best with nearly 1300 square feet of porch including a large covered front porch, a covered back porch, and an expansive open deck featuring built-in seating--perfect for grilling and entertaining. The backyard is designed for fun and relaxation, complete with a circular above-ground pool, and pool house. Inside, the kitchen is equipped with stainless steel appliances ideal for cooking enthusiasts.

22222 Inlet Beach Dr, Panama City Beach

101 Cain Rd Unit UNIT H, Panama City Beach

$209,900

1 Baths ⋅ 1013165 MLS

Owner Financing Available With Acceptable Terms! This first floor condo (NO Stairs to Climb) located at Pirate's Cove offers affordable living just steps to the water. This quaint community offers beautiful views of Lake Powell where you can enjoy a day of jet skiing, kayaking and paddleboarding all the way to the gulf. There is also a pier for a day of fishing, a boat launch and two community pools, one of which is directly off of the patio and the other overlooks the lake. This cozy, first floor studio unit comes fully furnished and will be perfect for a rental or to call home. At Pirate's Cove, you are just a short commute to the beach, Camp Helen State Park and great shopping, dining and attractions that 30A and Panama City Beach offer. Don't miss out on this opportunity to own an affordable piece of paradise. Buyer to verify all information deemed important.

101 Cain Rd Unit UNIT H, Panama City Beach

9900 S Thomas Dr Unit 1911, Panama City Beach

$365,000

2 Beds ⋅ 2 Baths ⋅ 1013101 MLS

Positioned on the 19th floor of Shores of Panama, Unit 1911 presents an exceptional opportunity for investors seeking a Gulf-front vacation rental in the heart of Panama City Beach. This beautifully maintained condo offers unobstructed southern-facing views of the resort's expansive lagoon-style pool and the sparkling Gulf waters, creating an ideal setting for attracting vacation renters and maximizing the appeal of a short-term rental property. The spacious open-concept floor plan provides a comfortable and inviting environment for guests, with tile flooring throughout the main living areas and a private balcony where guests can relax while enjoying panoramic views of the resort and Gulf. The well-appointed kitchen features granite countertops, modern appliances, and a functional layout that makes preparing meals and entertaining convenient. The condo's two bedrooms plus a dedicated bunk room provide flexible accommodations for families and groups, while both the bedroom and bunk room feature private full bathrooms. A full-size stacked washer and dryer add another valuable convenience for vacation guests and owners. From an investment perspective, Unit 1911 combines several features that can make a Gulf-front vacation rental highly desirable, including its high-floor location, direct Gulf views, resort setting, beach access, and family-friendly accommodations. Guests also have access to an extensive collection of on-site amenities designed to create a complete vacation experience without leaving the property. Shores of Panama features a spectacular Gulf-front lagoon-style pool complete with waterfalls and bridges, along with a heated indoor pool, hot tub, and outdoor Jacuzzi. Guests enjoy private beach access, beachfront water sport rentals, and convenient dining and refreshment options including a poolside tiki bar, on-site tiki grill, and coffee and donut shop. Additional resort conveniences include a covered parking garage, 24-hour fitness center, meeting and event space, picnic and grilling areas, and complimentary Wi-Fi throughout the property. For investors, the combination of Gulf-front location, resort amenities, spacious guest accommodations, private balcony, and sought-after Panama City Beach location provides a compelling foundation for a vacation rental property. The layout is well suited for families and groups, while the resort environment offers the amenities and experiences that can help make a property attractive to short-term vacation guests. Whether you're looking to expand a vacation-rental portfolio, purchase a second home with rental potential, or own a Gulf-front property that can generate rental income when you're not using it, Unit 1911 offers the views, accommodations, location, and resort lifestyle that make Shores of Panama a recognizable destination in Panama City Beach. Unit 1911 is a Gulf-front investment opportunity that combines impressive views, strong guest appeal, and the convenience of a full-service resort setting.

9900 S Thomas Dr Unit 1911, Panama City Beach

$349,000

3 Beds ⋅ 1 Baths ⋅ 1013088 MLS

Your Florida Beach Cottage Awaits! Just a short stroll to the beautiful Gulf beaches--this charming 3-bedroom, 1-bath block home is ready for its next chapter! It has been recently updated with new cabinets, countertops, stainless steel appliances and new lighting fixtures. With classic terrazzo floors, a nice-sized lot, (50x140) and plenty of room to create your own backyard oasis--including space for a pool--this property is full of possibilities. Use it as your full-time Florida retreat or second home, getaway where you can relax, make memories, and enjoy everything beach life has to offer. Block construction adds peace of mind, while the location puts you close to the sand, sunshine, and all the fun of the coast. Centrally located you are a short drive to pier park and on the opposite direction a short drive to everything the east end of PCB has to offer. Pack your flip-flops and come see why this little beach cottage could be the perfect place for your slice of paradise!

404 Wisteria St, Panama City Beach

9860 S Thomas Dr Unit UNIT 1913, Panama City Beach

$355,000

1 Beds ⋅ 2 Baths ⋅ 1013069 MLS

BEAUTIFULLY RENOVATED & TURNKEY with nearly $60K in upgrades and renovations! Unit 1913 offers a stunning full view of the emerald waters of the Gulf from the living room and kitchen, creating the perfect backdrop for your Panama City Beach getaway. Bright, fresh, and completely updated, this furnished unit is ready to enjoy from day one or add to your investment portfolio. Recent upgrades include brand-new LVP flooring throughout, fresh interior paint, new furniture and mattresses, new washer and dryer, new light fixtures, and stylish gold faucets and door hardware throughout. The beautifully updated kitchen features all-new cabinetry with soft-close drawers, new countertops, a decorative bamboo-look accent on the front of the bar, and updated appliances. The refrigerator, dishwasher, and microwave are approximately one year old, and the stove is brand new. Both bathrooms have been completely renovated with gorgeous tiled showers, glass shower doors, new vanities, fixtures, and finishes that give the unit a fresh, upscale coastal feel. Every detail has been thoughtfully updated to create a bright, inviting space that is truly move-in ready. Whether you're looking for a vacation retreat, a place for family fun at the beach, or an addition to your investment portfolio, Unit 1913 offers the convenience of a fully furnished, turnkey property in the heart of Panama City Beach. All information is believed to be accurate; if measurements are important, buyer should verify. For a full list of the upgrades and renovation costs, please see the documents tab.

9860 S Thomas Dr Unit UNIT 1913, Panama City Beach

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