Panama City Homes under $500,000

Panama City Homes under $500,000

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Newest Panama City Homes under $500,000

6507 Myers Road, Panama City
$414,900
4 Beds ⋅ 3 Baths ⋅ 796499 MLS
LIKE-NEW HOME WITH AN ASSUMABLE 4.99% INTEREST RATE! Why wait for new construction when this beautiful, move-in-ready home in the desirable Liberty community is only one year old and still looks brand new? This popular Madison floor plan offers spacious single-story living, beautiful finishes, and all the benefits of a newer home without waiting on a builder's completion date! Step inside to a welcoming hallway that connects the bedrooms, laundry room, and garage before opening into the spacious kitchen and living area. Beautiful engineered vinyl plank flooring flows throughout the main living spaces, while soft carpeting adds comfort to the bedrooms. The thoughtfully designed floor plan includes a secondary bedroom with its own private bathroom, perfect for guests or additional privacy. The open-concept living area is filled with natural light and features an elegant tray ceiling. The kitchen offers white cabinetry, gorgeous white quartz countertops, stainless steel appliances that convey with the home, and a large island providing additional storage and plenty of space for entertaining. The adjoining dining area leads directly to the covered back patio, perfect for enjoying your morning coffee or relaxing outdoors. The spacious primary suite features a tray ceiling and three windows that bring in plenty of natural light. The primary bathroom offers a double vanity with white quartz countertops, white cabinetry, a separate soaking tub, a glass-enclosed shower, and a generous walk-in closet. Beyond the home itself, Liberty offers an incredible selection of amenities, including TWO community pools, a community room with fitness facilities, pickleball courts, a basketball court, and a playground! Conveniently located near Tyndall Air Force Base and approximately 15 minutes from town, you'll enjoy easy access to shopping, dining, and everyday conveniences. With an assumable 4.99% interest rate for qualified buyers, this home is an opportunity you don't want to miss! Why deal with construction delays when you can move right into a home that looks and feels brand new? Schedule your private showing today and discover everything Liberty has to offer!

6507 Myers Road, Panama City
6211 Thomas Drive Unit 505, Panama City
$359,900
1 Beds ⋅ 2 Baths ⋅ 796496 MLS
GULF VIEWS, SUGAR-WHITE SANDS & LOW-DENSITY BEACH LIVING! Looking for a beach condo without the crowds and feel of a towering high-rise? Welcome to Mariner East, a desirable, low-density Gulf-front community in Panama City Beach with just 58 units! This fifth-floor, 1-bedroom, 2-bath condo offers the appeal of a smaller beachfront complex while keeping you close to everything that makes coastal living special. Designed for relaxing getaways and memorable beach vacations, this condo comfortably sleeps up to six guests with a king bed in the primary bedroom and its own private bathroom, a separate bunk room with bunk bed, and a brand-new Murphy bed in the living room. Recent 2026 updates include a new living room couch, dining table, Murphy bed, and primary bedroom mattress. Step onto the spacious, covered balcony and enjoy beautiful Gulf views overlooking the community pool. It's the perfect place to sip your morning coffee, enjoy the coastal breeze, or unwind after a day on the beach. Mariner East amenities include a Gulf-front pool, fitness area, game room, shuffleboard, tennis courts and direct beach access. Just outside the front door, a spacious storage unit offers plenty of room for beach toys and gear, along with a convenient location for the washer and dryer. Located on the desirable east end of Panama City Beach, you're minutes from Naval Support Activity Panama City, local restaurants, shopping, St. Andrews State Park, and Shell Island. Whether you're searching for a second home, a personal beach escape, or a short-term rental investment, Mariner East offers the opportunity to enjoy Gulf-front living in a more intimate, low-density setting. Skip the massive high-rise and discover the charm of beach living at Mariner East! All measurements are approximate and should be verified by the buyer if important.

6211 Thomas Drive Unit 505, Panama City
340 Bridge Harbor Drive, Panama City
$329,900
4 Beds ⋅ 2 Baths ⋅ 796495 MLS
UPGRADED BEYOND BUILDER STANDARD IN BRIDGE HARBOR! Comfort, convenience, and thoughtful improvements come together at 340 Bridge Harbor Drive. This beautifully well maintained 4-bedroom, 2-bath transitional style home offers approximately 2,031 square feet, with an open-concept floor plan, with a convenient location directly across from the community pool and mailboxes. Inside, enjoy fresh paint throughout, new bedroom carpeting, upgraded bathrooms, with an enhanced kitchen with new appliances, an a upgraded propane gas stove, a new refrigerator with a craft ice maker. Practical upgrades include smart-home technology, a smart garage door opener, whole-home electrical surge protection, a hardwired portable-generator connection, hurricane-prepared window covers, and Cat 6 internet wiring in two bedrooms. Outside, the screened porch and patio provide space to unwind with peaceful wooded views. A low-maintenance yard and in-ground sprinklers simplify upkeep. Meticulously maintained and move-in ready, this home delivers improvements you can appreciate from day one. Schedule your showing today!

340 Bridge Harbor Drive, Panama City
3421 Picadilly Lane, Panama City
$339,900
3 Beds ⋅ 2 Baths ⋅ 796482 MLS
MUST SEE IN PERSON!! 3421 Picadilly Ln has been meticulously taken care of. This 3-bedroom, 2-bath home offers comfortable living! The spacious kitchen features stainless steel appliances, and room for many memories around the kitchen table! This home offers an enclosed sunroom to enjoy all year round and provides additional space to relax and enjoy views of the backyard. Outside, the large fully fenced backyard offers plenty of room for kids, pets, entertaining, and even a future pool. It is conveniently located close to Tyndall Air Force Base and a short drive to beautiful beaches, dining, shopping, and attractions of Panama City Beach. With parks, boating, fishing, and plenty of family-friendly activities nearby, this home is a wonderful opportunity to enjoy the best of the Panama City lifestyle!

3421 Picadilly Lane, Panama City
6123 Cherry Street, Panama City
$175,000
2 Beds ⋅ 2 Baths ⋅ 796488 MLS
BEAUTIFULLY RENOVATED | OVERSIZED CORNER LOT | MOVE-IN READY | PRICED TO SELL! Welcome to 6123 Cherry Street, Panama City! This beautifully updated 2-bedroom, 2-bathroom home features brand-new laminate wood flooring, fresh paint throughout, and attractive modern finishes. Situated on a spacious oversized corner lot with a fully fenced yard, offering exceptional privacy and plenty of room for pets, entertaining, and outdoor enjoyment! EXCELLENT LOCATION! Conveniently located near Tyndall Air Force Base, Tyndall Parkway shopping, restaurants, grocery stores, and local schools. Enjoy nearby John B. Gore Park, waterfront recreation, boating, fishing, and easy access to Downtown Panama City, Mexico Beach, and the beautiful white-sand beaches of Panama City Beach! EXCEPTIONAL VALUE! Completely refreshed and move-in ready, this property is perfect as a primary residence, vacation getaway, or investment opportunity. MOTIVATED SELLER! PRICED TO SELL! QUICK CLOSING PREFERRED! ALL OFFERS WELCOME! Don't miss this incredible opportunity. Schedule your showing today!

6123 Cherry Street, Panama City
2822 Agnes Scott Drive, Panama City
$384,900
4 Beds ⋅ 3 Baths ⋅ 796476 MLS
Stunning all-brick home in centrally located Panama City. Featuring over 2,200 sq. ft. of heated and cooled living space, this 4-bedroom, 3-bathroom gem with a private pool is a rare find. The bright, open floor plan welcomes you the moment you step inside. Updates include a completely remodeled kitchen, updated bathrooms, new flooring, crown molding, and fresh paint. Key upgrades feature a new HVAC, a new pool, and a new storm drainage system. All measurements are approximate and should be verified.

2822 Agnes Scott Drive, Panama City
5704 Ivy Road, Panama City
$279,900
3 Beds ⋅ 2 Baths ⋅ 796462 MLS
Welcome to 5704 Ivy Road, a cozy 3-bedroom, 2-bath home tucked into the heart of Callaway on a spacious .33-ACRE LOT! With 1,629 square feet, this home offers a comfortable, functional layout with plenty of room to make it your own. Following Hurricane Michael in 2018, the home was taken down to the studs and underwent COMPLETE INTERIOR RENOVATIONS, giving the home a fresh start while still maintaining the warm, lived-in character of the home. Outside, the oversized lot offers plenty of space to enjoy, with a SPRINKLER SYSTEM conveniently supplied by well water to help keep the yard maintained without relying on the home's main water source. Location is another major highlight. Just approximately 4 MILES FROM TYNDALL AIR FORCE BASE, this home puts you minutes from everyday conveniences throughout Callaway, including Aldi, Walmart, coffee shops, restaurants, shopping, and more. If you're looking for a home that feels comfortable and inviting, offers a little more yard than you typically find, and keeps you close to both Tyndall AFB and everything you need day to day, this one is worth a look!

5704 Ivy Road, Panama City
17670 Front Beach Road Unit D3, Panama City
$225,000
1 Beds ⋅ 1 Baths ⋅ 796491 MLS
Welcome to Southwinds Unit D3! This is the 1 bedroom + 1 Bathroom condo floor plan with built in hallway bunks which makes for a perfect beachside getaway! This complex is located on the quieter west end of Panama City Beach just steps away from Public Beach Access #72 and the white sands and emerald waters of the Gulf! This unit is ground-level right next to the pool and parking. Unit comes fully furnished and is on an active short term rental program.

17670 Front Beach Road Unit D3, Panama City
3101 W 22nd Street, Panama City
$185,000
3 Beds ⋅ 2 Baths ⋅ 796487 MLS
BEAUTIFULLY RENOVATED BRICK HOME | OVER $38,000 IN UPGRADES | OVERSIZED CORNER LOT | MOVE-IN READY!INCREDIBLE VALUE IN BEAUTIFUL PANAMA CITY, FLORIDA! Discover this beautifully updated 3-bedroom, 1.5-bath single-family brick home, situated on a spacious, oversized corner lot and featuring OVER $38,000 IN RECENT RENOVATIONS AND IMPROVEMENTS! Step inside to enjoy a fresh, modern interior featuring gorgeous new laminate wood flooring, freshly painted walls throughout, and an upgraded kitchen showcasing BRAND-NEW CABINETRY AND STAINLESS-STEEL APPLIANCES! The home's classic brick exterior and durable metal roof offer timeless appeal, while the generously sized fenced-in outdoor patio provides an inviting space for entertaining, relaxing, or enjoying Florida's beautiful weather. An additional outdoor utility shed offers valuable extra storage. LOCATION, LIFESTYLE & CONVENIENCE! Enjoy everything Panama City and Florida's spectacular Emerald Coast have to offer! Explore vibrant Downtown Panama City, with its waterfront attractions, restaurants, boutiques, and entertainment. Discover charming Historic St. Andrews, scenic waterfront parks, boating, fishing, and outdoor recreation. The area offers access to Bay District Schools, shopping centers, and everyday conveniences. Just beyond Panama City, enjoy the world-famous white-sand beaches, emerald-green waters, and popular Pier Park shopping and entertainment destination in Panama City Beach!EXCEPTIONAL VALUE AND COMPLETELY MOVE-IN READY! With more than $38,000 invested in improvements, this home presents an outstanding opportunity to enjoy modern updates, generous outdoor space, and the sought-after Northwest Florida coastal lifestyle without the hassle of renovating. MOTIVATED SELLER! QUICK CLOSING PREFERRED! Don't miss your opportunity to own this beautifully refreshed brick home at an attractive price. Schedule your private showing today and make this Panama City gem yours!

3101 W 22nd Street, Panama City
14825 Front Beach Road Unit 1904, Panama City
$499,999
2 Beds ⋅ 2 Baths ⋅ 796445 MLS
Strong rental history, future bookings, and exceptional value all at Sunrise Beach Unit 1904! This self-managed condo has grossed over $54,000 in rental revenue in 2026, with more than $15,000 already on the books for 2027. The sellers are willing to assist with transferring guest reservations, and an established rental website can convey with the purchase, giving the next owner a valuable head start. Oh and did I mention new HVAC May 2026 Tile and beautiful luxury vinyl plank flooring run throughout, combining style with easy maintenance. The oversized bunk room provides the added sleeping flexibility of a three-bedroom layout, comfortably accommodating six guests in beds. Enjoy sunrises step right out the primary bedroom that sits waterfront stay till sunsets on the comfy plywood furniture. Sunrise Beach delivers the resort experience guests keep coming back for, with direct beach access, two Gulf-front pools one seasonally heated, two hot tubs, a children's splash area, and a fitness center. Soggy Dollar os loved by the owners and guest for drinks and food poolside. These amenities make it easy to enjoy a full day of beachside relaxation without leaving the property. The location adds even more appeal, with nearby favorites including Sharky's and Señor Frog's, plus convenient access to Pier Park's shopping, dining, and entertainment, Topgolf, and Dolly Parton's Pirates Voyage Dinner & Show. Beach days, sunset dinners, and memorable nights out are all part of the lifestyle here! Competitively priced in this well-maintained, desirable complex, Unit 1904 offers a compelling opportunity for buyers seeking a personal beach retreat with an established rental history. The sellers have priced it to get your attention schedule your showing today and make it yours!

14825 Front Beach Road Unit 1904, Panama City
4631 Roundwood Way, Panama City
$422,350
4 Beds ⋅ 3 Baths ⋅ 796440 MLS
Experience The Logan, designed for effortless living. Enter a grand foyer with trey ceilings and shadow box trim, leading to a spacious, open-concept social hub. The chef-inspired kitchen features a quartz island, while the adjacent patio invites outdoor dining. A quiet study sits nearby, ideal for a home office. Retreat to the secluded primary suite with a spa bath and direct laundry access from the walk-in closet. Two main-level bedrooms feature trey ceilings, while upstairs offers a loft and private guest suite. Includes a 2-car garage. Visuals for inspiration. Pricing is the base starting point; final price varies based on selections.

4631 Roundwood Way, Panama City
7208 Ranier Street, Panama City
$328,000
3 Beds ⋅ 2 Baths ⋅ 796437 MLS
**VA ASSUMABLE LOAN WITH AN ATTRACTIVE 3.1% INTEREST RATE!** Welcome to 7208 Ranier Street, a beautiful home situated on a spacious half-acre lot with NO HOA! The fully fenced backyard offers plenty of room for boat or RV parking, outdoor activities, and even backyard chickens, subject to applicable local regulations. Step inside and immediately appreciate the soaring cathedral ceilings and abundance of natural light that fills the main living areas. The impressive ceiling height creates an open, airy atmosphere, making the home feel even more spacious and inviting. Luxury vinyl plank flooring flows throughout the main living areas and bathrooms, while two downstairs bedrooms feature comfortable carpeting. Upstairs, you'll find a private primary suite thoughtfully tucked away from the rest of the home. This retreat features a custom barn door, a bathroom with beautiful subway tile accents, and a generous walk-in closet. With its unique architectural features, spacious lot, and freedom of no HOA, this property offers a wonderful combination of comfort, character, and flexibility. **Don't miss the opportunity to explore the potential savings of an assumable VA loan with a 3.1% interest rate!** Schedule your private showing today!

7208 Ranier Street, Panama City
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