Biltmore Beach Homes under $500,000

**Great Panama City Beach location just three blocks from the Gulf!** This 3-bedroom, 1-bath home, built in 1972, sits in an established neighborhood and offers plenty of potential. Enjoy a spacious backyard with room for entertaining, relaxing, or possibly adding a pool. Conveniently located near beaches, dining, shopping, entertainment, and local attractions. Ideal as a primary home, vacation property, or investment opportunity.

5725 Sunset Avenue, Panama City

$419,000

3 Beds ⋅ 2 Baths ⋅ 1007459 MLS ⋅ 1,023 SqFt.

Fully renovated beach cottage and RENTAL MACHINE only .3 miles from the Gulf! This stunning 3-bedroom, 2-bath coastal home sits on a huge lot with no HOA in the heart of Lower Grand Lagoon, offering the kind of space that is nearly impossible to find this close to the water. Every inch of this cottage has been meticulously updated, including a 2020 metal roof, HVAC, Hardie Board siding, vinyl windows, septic system, PEX plumbing, and copper wiring. The coastal interior shines with granite countertops, white cabinets, stainless appliances, wood-look tile flooring, and updated fixtures throughout. All of the furnishings convey to the new buyer. Beyond the beautiful renovations, this property is a proven high-producing investment that has consistently delivered impressive results, generating $58,642 in 2023, $50,378 in 2024, and $45,591 in 2025. It is currently self-managed and the seller would be happy to share his process and vendors so a new buyer could continue. 2026 is on track with HUGE numbers! Over $41,500 already completed in Jan-July 2026! The massive yard provides plenty of room to add a private pool, while the oversized driveway offers an abundance of parking for a boat, jet skis, and golf cart. An amazing covered front porch offers the perfect hangout, while the private outdoor shower makes cleaning off the sand effortless after a day at the beach. This prime location puts you mere blocks from the community boat ramp and minutes from the area's best-loved dining spots like Schooners, Patches, and Finn's, offering guests the ultimate coastal lifestyle with world-class boating, fishing, and white sandy beaches just down the street. This property perfectly balances a relaxed coastal vibe with a proven track record of rental success. Schedule your showing today. A video tour is also available

5616 Pinetree Ave, Panama City Beach

$390,000

3 Beds ⋅ 2 Baths ⋅ 1005484 MLS ⋅ 1,075 SqFt.

Welcome to Paradise! Your perfect beach get away in the highly desirable Lower Lagoon area of Panama City Beach is waiting for you. Just a couple of blocks from the sugar-white sands and emerald waters of the Gulf, this fully furnished 3-bedroom, 2-bathroom single-family home offers the perfect blend of relaxation, convenience, and investment potential. Ideally located within walking distance to some of the area's best restaurants, shopping, and local attractions, you'll also enjoy easy access to boating, fishing, and family-friendly entertainment. Whether cruising by golf cart or strolling to the beach, this location truly captures the laid-back coastal lifestyle and even offers a few public boat ramps in the neighborhood. Inside, the thoughtfully designed layout comfortably accommodates families and guests, featuring two spacious king bedrooms and a bunk room with two sets of bunk beds, making it an ideal short-term rental or full-time residence. The home has been tastefully updated with new luxury vinyl plank flooring, recessed lighting, a newly added full bathroom, and a dedicated laundry room with new washer and dryer, ensuring modern comfort throughout. Step outside to your own private backyard oasis! Situated on a generous lot, the fully fenced yard is perfect for entertaining and unwinding. Enjoy evenings under the large gazebo, fire up one of the two built-in grills, rinse off in the outdoor shower, or relax by the stock tank pool with lounging deck. There's even ample space to add a full-size pool if desired. A 12x12 storage shed provides plenty of room for beach gear and tools. Additional upgrades include a brand-new septic system, offering peace of mind for years to come. This property presents a fantastic opportunity as a turnkey, rental-ready investment or your own slice of paradise near the Gulf. Don't miss your chance to own this inviting coastal getaway--schedule your private showing today!

5412 Hilltop Ave, Panama City Beach

$390,000

3 Beds ⋅ 2 Baths ⋅ 791257 MLS

Turnkey Panama City Beach Vacation Rental with documented annual gross rental revenue of approximately $32,000 - $35,000, sold fully furnished and ready for immediate use. Located just a few blocks from the Gulf in Lower Grand Lagoon, this updated 3-bedroom, 2-bath detached home offers no HOA, a fully fenced backyard and convenient access to the beach, restaurants, boating and local attractions. The efficient guest-friendly layout features two king bedrooms plus a bunk room with two sets of bunk beds. Recent improvements include a newly constructed second full bathroom, new septic system, luxury vinyl plank flooring, updated windows, recessed lighting, interior and exterior paint, and a dedicated laundry room with new washer and dryer. Outside, guests enjoy a private large gazebo, outdoor seating, two built-in grills, outdoor shower and an above-ground pool. Fresh landscaping in the front and back adds to the curb appeal. The home is offered furnished, making it well suited for an investor, second-home buyer or full-time resident.

5412 Hilltop Avenue, Panama City Beach

5812 Beach Drive Unit A, Panama City Beach

$370,000

3 Beds ⋅ 2 Baths ⋅ 791171 MLS

Welcome to your Panama City Beach retreat, ideally located on the sought-after East End of PCB just a 3-minute walk to the sugar-white sand beaches and only a few blocks from a public boat ramp. This fully furnished 3-bedroom, 2-bath townhome offers an excellent opportunity as a vacation home, investment property, or full-time residence. Currently operating as a successful short-term rental, it generated $42,586 in gross revenue in 2024, $37,719 in 2025, and already has approximately $22,000 in bookings on the books for 2026. Guests love the spacious, fully fenced backyard, perfect for entertaining and yard games, along with its convenient location near Schooners, Dat Cajun Place, Buster's Beer & Bait, Treasure Island Marina, Rick Seltzer Park, and St. Andrews State Park. Extensively renovated in 2020, updates include a metal roof (2018), spray foam insulation, remodeled kitchen and bathrooms, new windows and doors, updated siding and paint, oversized decks, HVAC (2019), water heater (2025), and updated lighting and plumbing fixtures throughout, making this a truly turnkey beach property with proven income potential.

5812 Beach Drive Unit A, Panama City Beach

$419,000

3 Beds ⋅ 2 Baths ⋅ 787034 MLS

Fully renovated beach cottage and RENTAL MACHINE only .3 miles from the Gulf! This stunning 3-bedroom, 2-bath coastal home sits on a huge lot with no HOA in the heart of Lower Grand Lagoon, offering the kind of space that is nearly impossible to find this close to the water. Every inch of this cottage has been meticulously updated, including a 2020 metal roof, HVAC, Hardie Board siding, vinyl windows, septic system, PEX plumbing, and copper wiring. The coastal interior shines with granite countertops, white cabinets, stainless appliances, wood-look tile flooring, and updated fixtures throughout. All of the furnishings convey to the new buyer. Beyond the beautiful renovations, this property is a proven high-producing investment that has consistently delivered impressive results, generating $58,642 in 2023, $50,378 in 2024, and $45,591 in 2025. It is currently self-managed and the seller would be happy to share his process and vendors so a new buyer could continue. 2026 is on track with HUGE numbers! Over $41,500 already completed in Jan-July 2026! The massive yard provides plenty of room to add a private pool, while the oversized driveway offers an abundance of parking for a boat, jet skis, and golf cart. An amazing covered front porch offers the perfect hangout, while the private outdoor shower makes cleaning off the sand effortless after a day at the beach. This prime location puts you mere blocks from the community boat ramp and minutes from the area's best-loved dining spots like Schooners, Patches, and Finn's, offering guests the ultimate coastal lifestyle with world-class boating, fishing, and white sandy beaches just down the street. This property perfectly balances a relaxed coastal vibe with a proven track record of rental success. Schedule your showing today. A video tour is also available

5616 Pinetree Avenue, Panama City

$229,000

2 Beds ⋅ 1 Baths ⋅ 786606 MLS

If hearing the waves crash into the shore is what you want to hear when you open your windows.. THIS is the place you want to buy! This 2 bedroom 1 bath condo is freshly updated and ready for a new owner. Windows, HVAC and roof replaced 2019, water heater replaced 2023. HOA covers community pool, basic cable, garbage water/sewer and lawn service in this quiet beachside community. Location is ~900ft to the nearest beach entrance and complex is 1 block north of Thomas Drive. Close to Navy Base and many nearby restaurants and shopping centers. Washer and Dryer is included. Unit comes with an outside storage area and a small back yard that can be fenced with HOA permission. Call today and be living here in Summer 2026!!

5500 Beach Drive Unit 6, Panama City

Biltmore Beach Homes under $500,000

Newest Biltmore Beach Homes under $500,000