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Prime Investment Property - Quadplex + Mobile Home on 1.8 Acres with Room to Expand

Don't miss this exceptional investment opportunity just minutes from Tyndall Air Force Base. Situated on 1.8 acres, this property offers immediate rental income and outstanding future development potential. The centerpiece is a four-unit townhome quadplex, anchored by a spacious 3-bedroom, 2.5-bath unit boasting approximately 1,300 square feet of heated and cooled living space, a large fenced backyard, and a sparkling private pool. The other three units each feature 2 bedrooms, 1.5 baths, and approximately 936 square feet, all well-maintained and tenant-occupied.

Adding even more value, the property includes a 3-bedroom, 2-bath mobile home with 1,064 square feet, currently generating steady rental income. All residences are separately metered for water and electric, with tenants paying their own utilities, maximizing profitability for the owner.

With nearly two acres of land, there's ample room to build additional units or enhance amenities, subject to local zoning approval. Its prime location provides quick access to shopping, dining, schools, and major routes, making it highly attractive to both tenants and investors alike. Whether you're seeking a stable income-producing asset or a development project with huge upside, this property delivers on all fronts.
#777480

Panama City

5115 E 10th Street A,B,C,D

11 Beds

6 Baths

5,174 Sq.Ft.

$650,000

MLS#: 777480

Live in one of Panama City Beach's most desirable residential communities--Palmetto Trace. Ideally located just minutes from Pier Park, Frank Brown Park, and the world-famous white sand beaches, this home offers the perfect balance of convenience, comfort, and lifestyle.

This beautifully maintained home features a spacious and functional layout with generous living areas, abundant natural light, and a seamless flow designed for both everyday living and entertaining. The open living space creates a welcoming environment, while the well-appointed kitchen and comfortable bedrooms provide the space and privacy today's renters value most. The primary suite offers a peaceful retreat, ideal for unwinding at the end of the day.

Situated in a quiet, established neighborhood, residents enjoy a sense of privacy while remaining close to everything Panama City Beach has to offer. Shopping, dining, entertainment, and outdoor recreation are all just minutes away. Frank Brown Park is within walking distance, offering trails, sports fields, and year-round community events.

Palmetto Trace is known for its prime location, well-kept homes, and strong residential appeal, making it one of the most sought-after long-term rental communities in the area.

This is an exceptional opportunity to enjoy comfort, convenience, and coastal living in one of Panama City Beach's premier neighborhoods.

Fraud Alert:
All County Diamond Property Management is the exclusive leasing agent for this property. Neither our company nor the owner advertises on social media. We will never request payment via Zelle, Venmo, Cash App, wire transfer, or gift cards. All applications and payments are processed through our official website and secure portal.
#785460

Panama City Beach

409 Bainbridge Street

4 Beds

2 Baths

2,313 Sq.Ft.

$2,500

MLS#: 785460

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' 

REDUCED!!!  100 STEPS TO THE BEACH!! PRICED TO MOVE!! NO HOA! This is LOWEST or one of the LOWEST PRICED per square ft homes located next to the Gulf of America with this amount of real estate. HUGE backyard. Plus, the whole side facing Surf Dr belongs to this unit. LOTS of room to add more parking, a sundeck facing the beach and pool. This place is a walk in and do nothing dream. It has been taken down to the studs. Pretty much everything has been replaced.  LOCATION! LOCATION!  (100 STEPS TO THE BEACH!)  GULF VIEW! SHORT TERM RENTERS ALLOWED! 
Enough room for a splash pool to be added. (Golf cart friendly area). No busy street or streets to cross...beach access only steps away. Nicely landscaped with sprinkler system. Home is immaculate and has been totally remolded. All doors interior & exterior have been replaced as well as all windows. Newly painted inside & out including the ceilings. All wood trim replaced throughout home. Crown molding in every room. Tongue & groove ceiling in master bedroom. Lots of wainscoting, barn doors and detail trim throughout. All new light fixtures, bath fixtures and custom tiled shower. Custom built in bunk beds. All three bedrooms are very large. Ceiling fans in all bedrooms and living room. Two walk-in closets with custom closet systems. Huge sunken living room with skylights across the entire back of room. Kitchen has granite countertops, ss appliances, long breakfast bar and pantry. Dining room has a nice wet bar & wine cooler. The large back yard is an oasis. Hot tub, grilling area & firepit. Large pergola with lights for entertaining. An outdoor shower with HOT & cold water to clean off all that sand from the beach. Private side entrance to go in & out of to the Gulf so you do not have to track all that sand into the house. All this located behind an 8' whitewashed fence for your privacy as well as new pavers. Smart locks on all doors so forget trying to keep up with keys. Simply type your code in or use your thumbprint to gain access. This home has lots of storage plus being an end unit you have extra parking, and the entire side is your private property. The washer & dryer is conveniently located upstairs, and they will convey with the property. Kitchen stocked and ready to rent or move right in. 
***Will Rent Long Term***
#765581

Panama City Beach

4129 Cobia Street

3 Beds

3 Baths

2,246 Sq.Ft.

$719,000

MLS#: 765581

Gorgeous 6.3+/- Acre building lot in the beautiful Reedy Creek community! This property boasts over 300 feet of frontage, and is chock full of hardwood and softwood trees alike. With an East to West disposition and a subtle slope to the back, this property is offers beautiful lay, and multiple potential home sites depending on preference. 

Reedy Creek itself is a gorgeous gated community with an abundance of tree canopy and oak lined ingress and egress, making even the ride in picturesque. Call to schedule your showing on this gorgeous lot today!
#785449

Westville

0 Southern Oak Way

None Beds

None Baths

6.29 acres

$34,900

MLS#: 785449

Build your dream home on this beautiful 0.26-acre residential lot in Sunny Hills, Florida, surrounded by peaceful lakes and picturesque countryside. Enjoy the quiet charm of rural living while still being within easy reach of nearby towns, shopping, and the stunning Gulf Coast beaches. This spacious lot offers plenty of room for your custom home, outdoor living space, and more. Whether you're ready to build now or invest for the future, this property offers the perfect blend of privacy, nature, and opportunity.
#785420

Chipley

00 Terrell Street

None Beds

None Baths

0.26 acres

$7,500

MLS#: 785420

Corner Lot !! CLOSING COST COVERED W/ PREFERRED LENDER!! Come Experience The Difference with Adams Homes in this versatile family floorplan. Includes granite countertops, CoreTec Pro Plus flooring, a sprinkler system, and a rear-load two car garage. Enjoy Florida's great outdoors by calling this peaceful waterfront community home. From kayaking and fishing, to boating East Bay can accommodate it all. With beautiful intracoastal views this community is just 20 minutes from Tyndall AFB, 37 minutes to Mexico Beach, or a short boat ride to Shell Island.
#785475

Panama City

11449 Godart Street

3 Beds

2 Baths

1,520 Sq.Ft.

$307,894

MLS#: 785475

Very nice home with many upgrades to include flooring, kitchen and baths. storage shed in back yard. Only 2 blocks from dedicated beach. 
Metal roof installed 2015 .  HVAC inside unit replaced  2023. Windows replaced in 2003 to energy efficient; Florida room windows replaced in 2011. House has wood fence on both sides but not in the back. Large 2 car garage with paneling and cedar closet. Lots of room to store items.
#785443

Panama City Beach

14202 Bay Avenue

3 Beds

2 Baths

1,816 Sq.Ft.

$530,000

MLS#: 785443

Have you heard?? Everyone, and I mean EVERYONE, is heading to our neck of the woods! Northwest FL, or the Panhandle, as it's famously called, is growing like crazy. People are leaving all areas of the country and heading to Florida, where opportunities abound (not to mention so many other great reasons). You don't want to miss out. Hwy 77 has been four-laned from I-10 all the way south to Bay County. Smart businesses are taking the hint and getting in while the getting is still good. Great 1.38 acre lot to build your big, beautiful BUSINESS! If you build it, they will come, remember? Actually 'they' already are! Note that this property, for only approximately $1000-$1500, can be converted to COMMERCIAL. Check out Washington County FLUM app on their website. This area of Greenhead, right across from Rainbow Food Store, is the perfect spot for your business or restaurant. Super easy access to I-10, Chipley, NW FL Int'l Airport, Panama City, and Panama City Beach, home of our gorgeous emerald-green ocean waters and white sand beaches. Also, you're close to many recreational springs and all the very best NW FL has to offer. **Note that current MH is not suitable for living in and will need removed. **NOTE Property includes TWO LARGE 2-CAR GARAGES w/GARAGE DOORS (which are expected to be empty by closing or before) PLUS  a 4-CAR GARAGE/WORKSHOP in back.
#785464

Chipley

5728 Highway 77 B

None Beds

None Baths

1.38 acres

$114,900

MLS#: 785464

Home in the heart of Niceville, in Cedar Ridge. You are within minutes of our great schools and military bases. Northwest Florida College is just around the corner. Eglin Air Force Base is just a short drive. Duke Field and 7th Special Forces are also just minutes away, opposite the heavy flow of traffic for a great alternative to Crestview. This is a NON-SMOKING home! Entering thru the front door, you are greeted by a nice size den or family room with tiled floor for easy care. It is has an open feeling with a vaulted ceiling, bright and airy. For those cool nights there is a large masonry fireplace, equipped with gas logs for no mess or hassle, nestled in the corner.
#995634

Niceville

3942 Balsam Drive

3 Beds

2 Baths

1,872 Sq.Ft.

$2,000

MLS#: 995634

Discover architectural excellence in this fabulous five-bedroom, three-and-a-half-bath custom home, ideally situated in the desirable North Colony Club Estates. Crafted by a local architect, this residence boasts a spacious and functional floor plan designed for ultimate comfort and elegant entertaining. The state-of-the-art kitchen is a testament to great style and practicality, equipped with granite counters, a beautiful marble backsplash, a breakfast bar, and a cozy breakfast nook. It opens invitingly to the family room, where French doors beckon you out to the serene patio and the expansive backyard pool, offering an idyllic setting for relaxation and social gatherings
Please verify dimensions and square footage  if important.
#785438

Panama City

102 Sunset Circle

5 Beds

3 Baths

2,374 Sq.Ft.

$650,000

MLS#: 785438

2BR/2BA Gulf-front condo in Summerhouse, Panama City Beach. 120 sq ft balcony, 2 pools, short-term rentals allowed. Built 1987. This 2 bedroom, 2 bath Gulf-front condominium at Summerhouse Condo in the South Lagoon area of Panama City Beach offers 1,015 square feet and direct beach frontage at 6505 Thomas Drive. Built in 1987 and listed at 422,000, the unit allows short term rentals and is being sold furnished. With 400 feet of Gulf frontage across the complex and onsite rental management, buyers comparing investment property, second home, or full time residence options can evaluate both rental flexibility and amenity depth. Inside, the layout balances durability with comfort, making everyday living or guest turnover straightforward. Tile flooring carries through the kitchen, living area, and baths for easy maintenance after beach days, while the carpeted bedrooms provide a softer retreat at the end of the day. Granite countertops in the kitchen and bathrooms add a finished, cohesive feel. Large sliding glass doors draw natural light into the living area and open directly to the balcony, keeping the Gulf view present even when you are indoors. The balcony itself offers comfortable space for seating and outdoor dining, creating a natural extension of the living area where mornings can begin with coffee overlooking the pools and shoreline and evenings can wind down with the sound of the Gulf in the background. The primary suite is positioned to capture Gulf views and includes private access to the balcony along with an ensuite bath. Waking up to natural light and stepping directly outside is a feature buyers consistently value in true Gulf-front properties. The thoughtfully separated bedroom design places the guest bedroom and second bath apart from the primary suite, offering added privacy and flexibility for owners and visitors. A conveniently located laundry closet with a stackable washer and dryer provides everyday functionality while keeping the main living areas uncluttered. Summerhouse is an established beachfront community known for its extensive amenities and structured management. Two beachfront pools, including one heated seasonally, a kiddie pool, hot tub, tennis courts, pickleball courts, game room, owners lounge, Gulf-front gazebo, and onsite homeowners and rental office all contribute to a setting designed for both enjoyment and ease. Elevators are located throughout the complex for convenient access, and ample paved parking accommodates residents and guests. Owners are permitted to have pets in accordance with association guidelines, and service animals are permitted for guests as required. Monthly HOA dues of 1,264.69 include accounting, cable TV,  HOA insurance, internet, legal, maintenance grounds, management, pest control, security, sewer, trash disposal, and water.
Positioned on Thomas Drive near St. Andrews State Park and Grand Lagoon, the location offers quick access to boating, fishing, dining, and shopping while maintaining direct beach access. For buyers evaluating furnished, rental-eligible Panama City Beach condominiums, this Summerhouse unit combines true Gulf-front placement, established amenities, and a layout that supports both personal enjoyment and consistent rental appeal.  Make this unit 
''your Summerhouse''.
#785448

Panama City Beach

6505 Thomas Drive 912

2 Beds

2 Baths

1,015 Sq.Ft.

$422,000

MLS#: 785448

Looking for that CLEAN Move-In Ready Beach Home... This is it!!! Gulf Highlands Beach Resort is a GATED RESORT in the HEART of PCB and is in WALKING DISTANCE to the BEACH and several Attractions, Dining, Shopping, Post Office, and Walmart.  HOA fees are $1121.78/Qtr and include Household Trash Disposal, Internet, Lawn Mowing, Sprinklers, Termite Contract with HOA, Some Pest Control, and the Amenities... 11 Pools ''5 Heated'', 3 Tennis Courts ''2 Lighted'', 4 Pickleball Courts, Fitness Center, 18 Hole Mini Golf, 2 Playgrounds, Shuffleboard Courts, Conference Center, and a Private Beach House with a Snack Bar on The Beach along with 1 of the 11 Pools. This ''Glassback Style'' unit has 2 Large Bedrooms upstairs, the Kitchen has plenty of Cabinets and is open to the Dining & Living Area. There is plenty of room to Grill & Chill on the back Patio. If you decide you want to take a dip in one of the Seasonally Heated Pools, no worries, it is just a few steps away.
Grab a Realtor and come check this unit out.
#785441

Panama City Beach

163 W Leslie Lane

2 Beds

1 Baths

1,188 Sq.Ft.

$299,900

MLS#: 785441

Welcome to this stunning 4-bedroom, 2-bathroom home located in the vibrant Panama City Beach, FL. This property boasts a large fenced backyard with Lawn care included !
Perfect for outdoor activities and gatherings. The interior is equally impressive with a mix of wood floors and carpet throughout, providing a warm and comfortable living environment. The kitchen is a chef's dream, equipped with stainless appliances and a gas stove. The home also features a covered Lani, perfect for enjoying the Florida weather all year round. Each room is fitted with ceiling fans for added comfort during the warmer months. The property also includes a 2-car garage and a gas water heater. This home combines style, comfort, and convenience, making it a perfect choice for those seeking a high-quality living experience. Sewer, Garbage and Basic Cable included. All property sizes and ages are approximate, please measure and/or verify if important.
School assignments are subject to change, please check with Bay County for most accurate information.
Deposit is the same as the rent. Pets allowed with owner approval and NON REFUNDABLE pet fee applies per pet. Breed restrictions apply.
#785450

Panama City Beach

315 Johnson Bayou Drive

4 Beds

2 Baths

2,220 Sq.Ft.

$3,195

MLS#: 785450

1205 Hickory Ave is a rare vacant land opportunity in the heart of St. Andrews, south of 15th Street, on a quiet, oak-lined road in one of Panama City's most desirable and walkable neighborhoods. Zoned Neighborhood Residential with the potential to build up to six units per the City of Panama City, lot split is another options as well for multiple detached single family homes! This parcel offers exceptional flexibility for builders, investors, or those looking to create a custom coastal retreat. Surrounded by charm, growth, and local favorites like Finn's Island Style Grub and Uncle Ernie's Bayfront Grill, plus nearby shops, parks, sunsets, and the public boat ramp on St. Andrews Bay, the location delivers true lifestyle appeal. A two-story build may offer potential views of Lake Ware and the bay. This parcel has not been offered for sale in over 20 years, making it a standout development opportunity in an area experiencing continued growth and increasing popularity.
#785424

Panama City

1205 Hickory Avenue

None Beds

None Baths

0.43 acres

$275,000

MLS#: 785424

Step inside this inviting 4-bedroom, 2-bath home where comfort and functionality come together with ease. Light, open living spaces create a welcoming atmosphere, offering plenty of room to relax, gather, and make everyday living feel effortless. The kitchen is designed with both cooking and connection in mind, featuring generous counter space, a breakfast bar for casual mornings, and an easy flow into both the formal dining area and a cozy breakfast nook, perfect for everything from quiet coffee to hosting friends and family. Out back, a spacious screened-in porch extends your living space outdoors, overlooking a roomy backyard ideal for entertaining, play, or simply unwinding at the end of the day. Move-in ready and thoughtfully laid out, this home offers the space you need with the warmth you've been looking for, ready for its next chapter.
#785426

Panama City

3517 Azalea Way

4 Beds

2 Baths

1,903 Sq.Ft.

$365,000

MLS#: 785426

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