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Prime Development Opportunity in Panama City Beach - Short Term Rental District

This parcel is one of four adjacent properties being offered together as a package sale, creating a rare development opportunity in a high-demand short term rental area of Panama City Beach. Collectively, the four parcels total approximately 1.79 acres and offer the potential to develop up to 16 single family homes (buyer to verify zoning, density, and development requirements).

All parcels in the assemblage feature 250 feet of road frontage on Joan Avenue and 100 feet of frontage on Lagoon Knoll, providing excellent access and design flexibility for future development. The parcels have utilities available, reducing upfront development hurdles and making this an attractive site for builders and investors focused on vacation rental or residential income properties.

Located just minutes from the beaches, popular restaurants, shopping and entertainment, this property sits in an area consistently sought after by visitors and second-home buyers alike.

Property Highlights:
*Part of a 4-parcel assemblage being sold together
*Total combined acreage approx. 1.79 acres
*Located in a short-term rental friendly area (buyer to verify local regulations)
*Potential for up to 16 single-family homes across all parcels
*250' frontage on Joan Ave. & 100' on Lagoon Knoll (The assemblage)
*Utilities available
*close to beach access, dining, attractions, and shopping
*Ideal for developers, builders and short-term rental investors

A rare chance to secure a well-located development footprint in one of Florida's most active vacation rental markets.

(Buyer to verify all zoning, density, utilities, short-term rental regulations, and development feasibility)
#785091

Panama City

2530 Joan Avenue

None Beds

None Baths

0.54 acres

$300,000

MLS#: 785091

The Wagner floor plan showcases a smart single-story design tailored for today's lifestyle. Two comfortable bedrooms are thoughtfully situated at the front of the home, offering flexibility for family, guests, or even a dedicated workspace. As you move toward the heart of the layout, an open and airy living space brings the kitchen, dining area, and family room together, creating a warm, connected environment for daily living or entertaining. The kitchen is highlighted by quartz countertops, stainless steel appliances, and 42' cabinetry, combining modern style with everyday practicality. The owner's suite is privately set at the back of the home, featuring a well-appointed bathroom and a spacious walk-in closet for a relaxing, retreat-like feel.
#785117

Panama City

3816 Wall Street Street HS 96

3 Beds

2 Baths

1,413 Sq.Ft.

$256,990

MLS#: 785117

Welcome to the Alabaster a new home floorplan located at Windmark Beach in Port Saint Joe, FL. The Alabaster is a masterfully designed single-family residence with four bedrooms and three and a half bathrooms. This home offers a perfect blend of elegance and relaxation, ideally suited for those in search of an exquisite second home or a serene vacation retreat.

Spanning two captivating stories, this home boasts 4 generously sized bedrooms, 3.5 well-appointed bathrooms, and the convenience of a single car garage. As you step through the inviting covered entry you enter a graceful foyer that flows seamlessly into an elegant dining area, setting the stage for memorable family gatherings. The heart of the Alabaster features an open-concept kitchen and family room, where a spacious center island, ample pantry, and abundant cabinetry invite culinary exploration and effortless entertaining. Granite countertops, stainless-steel appliances, and EVP flooring accentuate this home beautifully making you feel right at home.

Tranquility defines the main-level primary suite, complete with a luxe ensuite bath featuring a dual sink vanity, an oversized shower, and a spacious walk-in closet. Venture upstairs to discover a versatile living space that is ideal for media enjoyment or as an additional lounge space—centrally located by three additional bedrooms. Each additional bedroom has been designed with spacious closets and two share a bath while the fourth bedroom has a private ensuite bathroom. Each bathroom is also equipped with granite countertops and white cabinetry throughout the home. This home is also outfitted with Smart Home technology, like all our beautiful homes at WindMark Beach.

On the outside of the home, you will see beautiful Hardie board siding, a covered rear patio area, and spacious yards to enjoy those unbeatable Florida sunsets. The Alabaster is an exciting addition to the lineup of homes at Windmark Beach. Enjoy all the amenities the Windmark Beach community has to offer complete with beautiful new homes, local food, shopping, boardwalks, and beach access! Windmark Beach amenities includes two pools, BBQ grills, 11 dedicated beach accesses, the village center, boardwalk, and is pet friendly! The community is golf cart friendly, and dogs are allowed on the beach!

Schedule a tour to see this beautiful home today!
#785065

Port St Joe

303 Vermilion Circle

4 Beds

3 Baths

2,245 Sq.Ft.

$494,900

MLS#: 785065

Check out this adorable 2 bedroom, 2 bath home. Come enjoy paradise in this fabulous home that has a great open floor plan and nice size rooms.  Located on a nice quiet street within the resort, this home has everything and is being sold mostly furnished.   This great home also has a nice porch with plenty of room for grilling and relaxing after a long day at the beach. Come make this your 2nd home or become a local and join us in paradise living your best life here in Venture Out!   It doesn't get better than this! Venture Out is a golf cart community that has exploded with popularity recently... With 300' on the beautiful pristine beaches of the Gulf of Mexico and 1,000' on the Grand Lagoon. Venture Out has something for everyone. With 2 pools, fishing pier, boat ramp, mini golf, & more
#785072

Panama City Beach

321 Lagoon Lane

2 Beds

2 Baths

800 Sq.Ft.

$389,000

MLS#: 785072

The Mays floor plan offers a thoughtfully designed single-story layout ideal for modern living. At the front of the home, well-appointed bedrooms provide comfort, privacy, and flexibility for family, guests, or a home office. The entryway opens into a spacious open-concept living area where the kitchen, dining room, and family room flow together effortlessly. The kitchen includes quartz countertops, stainless steel appliances, and 42' cabinets for both style and convenience. Tucked privately at the rear of the home, the owner's suite offers a relaxing retreat with a well-appointed bathroom and a generous walk-in closet, completing this smart and comfortable design.
#785100

Panama City

3828 Wall Street Street HS 93

3 Beds

2 Baths

1,569 Sq.Ft.

$256,990

MLS#: 785100

Model Home Open! Introducing the Littleton floorplan, a beautifully designed new construction home that blends modern comfort with thoughtful functionality. This spacious two-story layout offers 4 bedrooms, 2.5 baths, and a versatile loft bonus area, perfect for working from home, entertaining guests, or relaxing with family.

Step inside to discover luxury finishes throughout, including quartz countertops, stainless steel appliances, and shaker style cabinets, all selected for their style and durability. An attached 2 car garage adds convenience for everyday living.

Designed for versatility and ease, the Littleton floorplan offers the ideal balance of open concept living and private spaces.
#785080

Panama City

3812 Wall Street Street HS 97

4 Beds

2 Baths

1,891 Sq.Ft.

$296,990

MLS#: 785080

Rare opportunity to acquire a solid brick property at just $107 per square foot with major improvements already completed. This 2,102 sq ft total includes a 1,705 sq ft main home plus a 397 sq ft MIL area.
Big-ticket items are already done: roof (2019), gas A/C (2019), gas water heater (2019), updated electrical panel, windows & slider (2017). Both the main home and MIL area are brick construction, adding long-term durability and lower maintenance costs.
The property features a 320 sq ft Florida room (40x8) with windows—half enclosed and half screened—providing additional flex space not reflected in standard living square footage.
Interior renovations are partially completed, allowing an investor to step in and finish with minimal disruption. Flooring has already been replaced throughout (only a few LVP pieces remain). The master shower was fully tiled in 2021, and the guest bath flooring has been newly tiled.
The MIL area is already equipped with water, electrical, sheetrock, ceiling lights, and window A/C.
Perfect for fix-and-flip, long-term rental, or multi-generational income strategy. With strong bones, updated systems, and a low price per square foot, this property offers exceptional upside for the right investor or family looking to make this home their own!
#785044

Panama City

7024 Mike Lane

3 Beds

2 Baths

1,702 Sq.Ft.

$225,000

MLS#: 785044

Discover your own slice of North Florida living with this ±2-acre parcel (survey available) in the desirable Compass Lake in the Hills community. Offering space, privacy, and flexibility, this property is well suited for a future homesite, weekend retreat, or long-term investment in one of Jackson County's most versatile recreational neighborhoods.

Located on a quiet dirt road, this high-and-dry lot provides ample room to build while enjoying the balance of rural living and optional community amenities. Compass Lake residents have access to a clubhouse with pool, a German restaurant serving lunch and dinner, tennis courts, horse facilities, frisbee golf, and miles of scenic roads and trails.

Outdoor enthusiasts will appreciate access to two lakes: McCormick Lake, a private lake reserved for residents, and Compass Lake, the larger of the two, located near the clubhouse. Compass Lake allows motorized boating, jet skis, kayaking, fishing, and features a boat dock for easy access. Nearby, The Cove snack shack often hosts live music, creating a laid-back lakeside gathering spot.

The generous size of this parcel allows for a variety of residential building options in accordance with county requirements, with horses permitted and an optional HOA. For those seeking additional privacy or expansion potential, this lot connects at the rear boundary to a neighboring 5.4-acre gated property, offering a rare opportunity to assemble a larger private estate.

Conveniently located within approximately 7 miles of I-10, the property is about 30 minutes from Panama City and 40 minutes from Dothan, Alabama, making it easily accessible while still feeling tucked away.

With plenty of room to build and a strong sense of community, this property blends space, recreation, and location—an excellent opportunity to own land in one of North Florida's most established lake communities.

Buyer to verify all building requirements, zoning, setbacks, utilities, and community amenities. Some amenities may require optional membership fees.
#785047

Alford

Lot 14 FREDERICA Drive

None Beds

None Baths

1.95 acres

$19,000

MLS#: 785047

Charming Beach Cottage on Oversized Lot - Prime Middle Beach Location!

Nestled in a golf cart-friendly neighborhood with no HOA, this beautifully upgraded beach cottage is everything you've been looking for in a second home or full-time coastal retreat. Just a short stroll to the beach and minutes from the newly built Top Golf, Dolly Parton's Pirate Voyage, and local restaurants, this location truly can't be beat.

Inside, the bright, open floor plan features large windows that flood the space with natural light, creating a warm and beachy vibe perfect for entertaining or relaxing after a day in the sun. The home boasts quartz countertops, soft-close cabinetry, upgraded light fixtures, a tankless gas water heater, a metal roof, gutters, and more - all signs of the care and quality that's gone into maintaining this home.

Step outside and you'll fall in love with the incredibly large lot, complete with a newly constructed fire pit area for cozy nights under the stars. The front and backyards are pristine and easy to maintain, thanks to a full irrigation system.

Located in the desirable Middle Beach area, you're also just a short drive to Pier Park, local golf courses, shopping, and entertainment. Whether you're looking for your personal beach getaway or a peaceful primary residence, this home checks all the boxes.

Please note: Not zoned for short-term vacation rentals.

Don't miss your chance to make this your home away from home - schedule your private showing today!
#774577

Panama City Beach

408 Wisteria Street

2 Beds

1 Baths

991 Sq.Ft.

$359,900

MLS#: 774577

Welcome to this beautiful townhome in the heart of Panama City Beach! This spacious, well-maintained long-term rental offers the perfect blend of comfort, convenience, and coastal living.

Enjoy an open-concept layout filled with plenty of natural light, modern finishes, and a warm, welcoming atmosphere throughout. The home features generously sized bedrooms, ample storage, and a fully equipped kitchen ideal for everyday living and entertaining.

This townhome is move-in ready with a beautifully remodeled bathroom and a custom walk-in closet adding extra style and functionality.

Located in the Waterfall community just minutes from the beach, shopping, dining, and local attractions, this home provides easy access to everything Panama City Beach has to offer. Plus, it is pet-friendly, making it a great option for the whole family.
Don't miss the opportunity to enjoy comfortable, long-term living in one of the area's most sought-after locations!
#785122

Panama City Beach

100 Grand Falls Lane

3 Beds

2 Baths

2,093 Sq.Ft.

$2,700

MLS#: 785122

Want to build your beach house on block from the beach? Here is your opportunity to build in beautiful St Joe Beach! Feel the warm salty breeze off of the Gulf, walk your dog less than a block to the white sand and clear water to enjoy a gorgeous sunset. This property is cleared and ready to go!
#785112

Port St Joe

LOT 16 Bay Street

None Beds

None Baths

0.14 acres

$248,900

MLS#: 785112

Floor to ceiling sliding glass doors in the Living Room and complementary glass windows in the Primary Bedroom, open up to a thirty foot balcony   Comfy coastal decor includes newly updated bathroom.If your family likes having more than one cook in the kitchen, the central island can give the headed chef welcome elbow room.  The unobstructed views of the quartz crystal sand lead to the emerald waters beyond where families may enjoy Watersport activities including snorkeling,  paddling on Chartered vessels to parasailing and SCUBA diving,, boarding, jet ski  or parasailing in addition to World's Luckiest Fishing Village.  Time for a nice walk? Stroll through new walk bridges connecting the concrete paths of the Women Veterans Monuments north of  the Gulfarium to Marler Park. Air Conditioning condenser replaced August 2025. 
Refrigerator replaced April 2025
Both bathroom shower/tub inserts replaced 2025
#995066

Fort Walton Beach

554 NW Coral Court 303

2 Beds

2 Baths

1,453 Sq.Ft.

$720,000

MLS#: 995066

Coastal Living at Its Finest - A Block from the Beach!Welcome to 427 Caviar Drive, where Gulf Coast dreams become reality! This charming 3-bedroom, 2-bathroom beach home offers the perfect blend of island living and modern convenience in the heart of Fort Walton Beach.Location, Location, Location!Positioned just one block from the sugar-white sands and emerald waters of the Gulf of Mexico, this home puts you mere moments from the beach. Enjoy peekaboo views of the bay from your property, giving you the best of both worlds - Gulf access and bay vistas.Peace of Mind UpdatesThe roof was completely replaced in 2023, providing you with worry-free ownership for years to come. This recent investment demonstrates the care and attention this property has received. Coastal Charm

The elevated design features a welcoming covered deck, perfect for entertaining guests or simply soaking in the salt air and Florida sunshine. The generous outdoor space provides ample room for beach gear, bikes, and all your coastal lifestyle essentials.

Prime Fort Walton Beach Position

Whether you're searching for your forever home, a vacation retreat, or an investment property in one of the Emerald Coast's most desirable locations, this beach block gem checks all the boxes. The proximity to pristine beaches, combined with the practical updates and additional living space, makes this an opportunity you don't want to miss.

Your Coastal Dream Awaits

This is more than just a house - it's a lifestyle. Wake up to ocean breezes, spend your days on the beach, and fall asleep to the sound of gentle waves. Fort Walton Beach living doesn't get much better than this!

Contact your favorite Realtor today to schedule your private showing and start living your coastal dream!
#995056

Fort Walton Beach

427 Caviar Drive

3 Beds

2 Baths

1,739 Sq.Ft.

$625,000

MLS#: 995056

A sense of calm settles in the moment you arrive at this beautifully crafted custom home, set in a quiet pocket of WaterColor where privacy and proximity coexist with ease. Backing to a lush nature preserve and thoughtfully positioned away from through traffic, the home offers a peaceful daily rhythm while remaining just minutes from everyday conveniences, the beach, and Camp WaterColor's resort-style amenities.Built by Huff Construction and meticulously maintained, the residence reflects pride of ownership at every turn. Natural light pours through an abundance of windows, illuminating sun-bleached, stone-washed oak floors and a layout designed for both comfort and connection. The main level features a generous primary suite and a guest bedroom, each with its own ensuite, providing flexibility for owners and visitors alike. Upstairs, three additional bedrooms include two ensuite guest rooms and a charming bunk room with built-ins for four, ideal for hosting family and friends.
An expansive upstairs living space currently serves as a playroom and gathering area, complete with custom built-in bookcases that add both function and character. The chef's kitchen anchors the home with top-grade granite countertops, high-end GE Monogram appliances, and a wet bar with a U-Line wine cooler, making entertaining feel effortless.
Outdoor living is equally considered. A large screened porch with a gas fireplace overlooks the preserve, offering a quiet place to unwind year-round, while the adjacent open deck with a natural gas hookup invites easy grilling and relaxed evenings outdoors. The fenced backyard includes dual gates for convenient access and a secure space for children or pets. An enclosed outdoor shower with endless hot water, bike racks for up to six bikes, and a welcoming front porch with two three-seater swings complete the lifestyle-driven details.
Modern comforts include dual 18-SEER HVAC systems; dual Rheem tankless water heaters; impact glass windows and doors; dark gray slate tile in the sand room, laundry room, and half bath; and an extra-long garage with room for a vehicle and golf cart.
This is a refined yet inviting home that pairs custom craftsmanship with a serene setting, offering full access to WaterColor's renowned amenities while feeling like a true retreat at the end of the day.
#994989

Santa Rosa Beach

615 E Royal Fern Way

5 Beds

4 Baths

2,967 Sq.Ft.

$2,695,000

MLS#: 994989

Price reduced
$5k Sellers Credit to cover the cost of ALL NEW FLOORING throughout!!!Imagine cherishing something so much that you keep it in your family for almost 30 years. Such love is something seldom found in today's society, but this truly special condo has been blessed with seeing several generations of sandy feet, sun kissed shoulders, and lifelong memories created by the same caring family.From the moment you are welcomed inside, you can feel that this one is simply different than the rest. There is a sense of calm and tranquility that washes over you, and you know that you are in a special place where peace and happiness surround you with a warm embrace. This unique condo offers a airy coastal vibe, has incredibly spacious double master suites, partially updated private ensuites, and an open concept dining and living area full of unbelievable natural light and ocean breezes. Simply put, this condo has an aura about it unlike anything else you will find on the beach.

Step onto your private back patio overlooking the most unique greenspace found anywhere this close to the sugar white sand. The acres of meticulously manicured grounds take you to a place far away from the daily stress of life. From  the peaceful pond with fountains and playful Koi fish, to the turtles frequently caught sunbathing on the banks... you find yourself getting lost in the serene oasis that is Sugar Beach. 

With incredible pond views and a peekaboo gulf view from both the Master Bedroom and the patio, and being just a few steps to your own private beach, this condo truly offers everything you could ever imagine, and so much more!

Convenience is everywhere you look. No elevators, park less than a few steps away from your door, and some of the best entertainment, music, activities, and dining are just outside of this peaceful community - perfectly situated on the Historic Thomas Drive! Park your car when you arrive to paradise, and never touch it again!!!

If you are looking for the perfect place to call home, the Sugar Beach community is unlike anything you will find on the beach. This low-rise beach front complex has a true sense of ''family'' - where owners truly know one another and look after each other. From family potluck night, to Superbowl party's, to game night... the Clubhouse is a place where folks come together and create lasting lifelong friendships and memories. 

And if you are looking for an absolutely amazing investment opportunity, Sugar Beach has everything needed to give you a genuine competitive advantage for generating incredible rental revenue. 

This unique hidden gem is one of the only remaining pet friendly communities on the beach, which allows owners to bring in $10k-$20k more than neighboring condos. 

Location, amenities, and convenience... This incredible condo offers a true advantage over all the others, and has the potential to generate well over an 8% annual ROI - based on neighbors ACTUAL rentals, not projections!

Do yourself a favor and look at all the other condo communities on the beach. Don't just look at the pictures and prices, actually go to the area and FEEL the location for yourself. Then, come be our guest and visit unit C40. You will forever be changed...

Welcome Home!
#995062

Panama City Beach

8727 Thomas Drive UNIT C40

2 Beds

2 Baths

1,086 Sq.Ft.

$314,000

MLS#: 995062

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