Panama City Beach Homes under $1.5 million

Panama City Beach Homes under $1.5 million

Welcome to Panama City Beach, Florida—a stunning coastal paradise nestled in Bay County, where sun-kissed shores meet vibrant community life. Known for its breathtaking white sandy beaches and crystal-clear emerald waters, this charming city is not just a vacation destination; it's a place to call home. With a year-round warm climate, residents enjoy an outdoor lifestyle filled with water sports, fishing, and leisurely strolls along the beach.

Panama City Beach is renowned for its family-friendly atmosphere, offering a plethora of activities for all ages. Explore the local parks, indulge in fresh seafood at waterfront restaurants, or take a short drive to nearby attractions like St. Andrews State Park and the bustling Pier Park shopping center. The city is also home to a thriving arts scene, with local galleries and festivals celebrating the unique culture of the Gulf Coast.

For those considering a move to this idyllic location, you'll be thrilled to discover a variety of homes available under $1.5 million. Whether you're looking for a cozy beachfront condo, a spacious family home, or a luxurious property with stunning views, Panama City Beach has something for everyone. With competitive pricing and an ever-growing real estate market, now is the perfect time to invest in your dream home in this beautiful coastal community.

Embrace the relaxed lifestyle and vibrant culture of Panama City Beach—where every day feels like a vacation, and your dream home awaits!

Newest Panama City Beach Homes under $1.5 million

9003 Banyan Beach Dr, Panama City Beach
$310,000
3 Beds ⋅ 3 Baths ⋅ 1013626 MLS
Beautifully Updated Townhome Near the Beaches of Panama City Beach! Welcome to this beautifully updated 3-bedroom, 2.5-bathroom townhome offering a comfortable layout, modern finishes, and a convenient location close to the beach, shopping, dining, and the Naval Base. Whether you're searching for a primary residence, a second home, or an investment opportunity, this home offers a great combination of style, functionality, and location. The kitchen features crisp white cabinetry, granite countertops, and stainless steel appliances, creating a clean, timeless look with plenty of appeal. Gray plank laminate flooring extends throughout the downstairs living area, providing a modern feel and an easy-to-maintain space for everyday living and entertaining. Upstairs, you'll find three bedrooms with carpeted flooring, offering a comfortable retreat at the end of the day. The spacious primary suite features a walk-in closet and a private bathroom with dual sinks, providing added convenience and functionality. Two additional bedrooms offer flexibility for guests, a home office, or other needs. With 2.5 bathrooms and an upstairs laundry area, this home is designed to make everyday living a little easier. Additional features include a one-car garage and a practical floor plan that makes the most of its living space. Conveniently located near beautiful beaches, local restaurants, shopping, and the Naval Base, you'll have easy access to many of the area's most popular destinations!

9003 Banyan Beach Dr, Panama City Beach
232 Wisteria Ln, Panama City Beach
$711,000
3 Beds ⋅ 2 Baths ⋅ 1013624 MLS
Experience the coastal charm in this brand-new beach home, ideally located just a short walk from the sugar-white sand and emerald waters of the Gulf. Designed with an open, airy floor plan, the home features 10-foot ceilings that enhance the spacious feel throughout. A welcoming front porch invites you to relax with your morning coffee or unwind after a day at the beach. The two-car garage provides ample storage for vehicles, golf carts, and beach gear. Whether you're spending your days at the beach, exploring nearby restaurants and shops, or simply enjoying the laid-back coastal lifestyle, this home offers the perfect place to make lasting memories. Information contained within this listing such as lot dimensions, is deemed to be accurate but is not guaranteed. Buyer to verify.

232 Wisteria Ln, Panama City Beach
404 Geneva Ave, Panama City Beach
$649,900
4 Beds ⋅ 3 Baths ⋅ 1013601 MLS
**$10,000 SELLER INCENTIVE! Seller offering up to $10,000 toward Buyer's allowable closing costs, prepaid expenses and/or interest-rate buydown, with an acceptable offer. Take advantage of this opportunity to reduce the cash needed at closing or to potentially lower your monthly payment** Walk to the beach without giving up the neighborhood feel that makes Tapestry Park so special. Located in the original phase of the community, this beautifully maintained 4-bedroom, 2.5-bath home offers the perfect balance of coastal convenience, privacy, and everyday comfort. Filled with natural light, the home features LVP flooring throughout, a desirable first-floor primary suite, and an open kitchen, dining, and living area designed for both everyday living and entertaining. The kitchen includes marble countertops and backsplash, custom soft-close cabinetry, an oversized island with additional seating, Samsung stainless steel appliances, a GE refrigerator, and quiet Bosch dishwasher. Custom lighting, Roman shades, and shiplap accents add warmth and character throughout. The primary suite offers a spa-inspired bath with double quartz vanities, a vintage-style cast iron clawfoot soaking tub, separate water closet, and an updated walk-in shower with marble flooring completed in 2025. Upstairs are three additional bedrooms with tray ceilings, a full bath, and flexible bonus space ideal for an office, den, or playroom. Outdoor living is just as inviting, with a spacious covered front porch and private covered back patio overlooking the fenced backyard. Photoelectric lighting, a large ceiling fan, and room for an outdoor TV make it an ideal place to relax or entertain, with additional space to add a plunge pool or hot tub. Recent improvements include new Zoysia sod installed in April 2026, a freshly washed exterior, and pressure-washed fencing. Additional features include two AC units, spray foam insulation, an 80-gallon Rheem Smart Water Heater, Chamberlain Smart Garage Door system, SimpliSafe security with three cameras, an impact-rated front door, and Kevlar hurricane shutter screens. Tapestry Park offers the kind of neighborhood lifestyle buyers are looking for, with sidewalks, mature landscaping, vintage-style streetlights, underground utilities, and an exceptional collection of amenities. Residents enjoy Brunswick Hall clubhouse and resort-style pool, a second children's pool, Peacock Park, pickleball, tennis and basketball courts, recreational green space, and scenic walking paths around the neighborhood ponds. All of this is just minutes from Pier Park, the Gulf, schools, shopping, dining, and everything Panama City Beach has to offer.

404 Geneva Ave, Panama City Beach
533 Millbridge Dr, Panama City Beach
$820,990
3 Beds ⋅ 4 Baths ⋅ 1013566 MLS
Welcome to Salt Grass at Ward Creek, Panama City Beach's newest coastal community just 5 minutes from the sugar white sands and crystalclear waters of the Gulf. This stunning Olivia floorplan delivers exceptional design with a 20 ft ceiling in the great room, impressive scale, and the craftsmanship buyers have come to expect from one of the area's premier builders. Offering nearly 3,000 sq ft of thoughtfully planned living space. The Primary Suite is conveniently located onthe main level, with flexible plan options allowing for 3-6 bedrooms and the potential to expand the home to approximately 3,400 sq ft. newest and largest floorplan offered in Salt Grass at Ward Creek. STOCK PHOTOS, PRICES SUBJECT TO CHANGE. Photos of a decorated model home are for reference only.Actual home will differ.

533 Millbridge Dr, Panama City Beach
251 Breakwater Blvd, Panama City Beach
$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
17826 Front Beach Rd, 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
128 Fairway Blvd, 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
200 Turtle Cv, 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
203 George C Wallace Blvd, Panama City Beach
$1,450,000
5 Beds ⋅ 4 Baths ⋅ 1013472 MLS
With the lake stretching beyond the backyard and glimpses of the gulf from both levels, this custom-built 2024 home creates a coastal setting that feels connected to the water from nearly every angle. Designed with equal attention to entertaining, everyday comfort and investment potential, the five-bedroom, four-bath residence pairs generous indoor living spaces with a private heated pool, outdoor summer kitchen and public beach access just 1,100 feet away. Inside, the open main living area brings the kitchen, dining and gathering spaces together with an easy flow to the outdoor areas. The designer kitchen features custom cabinetry, stainless steel appliances, and a dedicated wine bar, creating a polished centerpiece for entertaining. Custom tile work and carefully selected finishes continue throughout the home, while a seven-zone Sonos audio system extends from the interiors to the pool and outdoor living spaces. The first floor offers valuable flexibility for guests with a bedroom, full bath, and a custom bunk room well suited for larger groups. Upstairs, the primary suite opens directly to a spacious balcony overlooking the lake with views toward the gulf. A second king bedroom also enjoys balcony access and water views, while additional guest accommodations provide privacy with ensuite or conveniently located baths. A spacious second living area, complete with a queen sleeper and 75-in. television, gives owners and guests another place to gather or unwind. Outside, the heated in-ground pool anchors a private retreat designed for use well beyond the summer months. The summer kitchen makes outdoor dining and entertaining effortless, while built-in Sonos speakers and an outdoor television carry the home's entertainment features poolside. The lakefront setting adds an open-water backdrop, yet the gulf is still close at hand with public beach access less than a quarter mile away. The surrounding area is also golf-cart friendly, adding another convenient way to reach the beach and nearby destinations. Offered fully furnished, the home is positioned for immediate enjoyment as a primary residence, second home or vacation rental. Current rental projections are approximately $110,000, adding an income component to an already compelling coastal property. An estimated first-year bonus depreciation of approximately $296,380 may provide an additional consideration for qualifying investment buyers, subject to individual tax circumstances and professional tax guidance. With lake frontage, gulf views, a private pool and extensive indoor-outdoor entertainment features, this furnished home offers a distinctly versatile approach to coastal ownership.

203 George C Wallace Blvd, Panama City Beach
118 E Lakeshore Dr, 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
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