Lullwater Beach Homes under $500,000

Lullwater Beach Homes under $500,000

Welcome to Lullwater Beach, a hidden gem nestled in the heart of Panama City Beach, Florida. This charming subdivision is a perfect blend of coastal living and serene surroundings, making it an ideal choice for families, retirees, and anyone seeking a tranquil beach lifestyle. With its picturesque streets lined with lush greenery, Lullwater Beach offers a welcoming atmosphere that feels like home from the moment you arrive.

One of the most appealing aspects of Lullwater Beach is its affordability. Here, you can find beautiful homes priced under $500,000, making it accessible for first-time buyers and those looking to invest in a vacation getaway. These residences boast a variety of architectural styles, from quaint beach cottages to modern family homes, all designed to complement the stunning natural beauty of the area.

Living in Lullwater Beach means you’re just a short stroll away from the pristine white sands and crystal-clear waters of the Gulf of Mexico. Spend your days soaking up the sun or exploring the vibrant local scene filled with shops, restaurants, and recreational activities. With easy access to nearby parks and nature trails, outdoor enthusiasts will find plenty of opportunities for hiking, biking, and enjoying the great Florida outdoors.

Whether you’re searching for a permanent residence or a seasonal retreat, Lullwater Beach offers a unique combination of affordability, charm, and convenience. Discover your dream home in this delightful subdivision and embrace the laid-back lifestyle that Panama City Beach has to offer. Don’t miss out on the chance to be part of this wonderful community!

Newest Lullwater Beach Homes under $500,000

16225 Sky Avenue, Panama City Beach
$399,900
4 Beds ⋅ 2 Baths ⋅ 795172 MLS
****4 BEDROOM, 2 BATHROOM HOME THAT IS WALKING DISTANCE TO THE BEACH IN THE VERY DESIRABLE LULLWATER BEACH/DIAMOND HEAD COMMUNITY!!!*** The most recent updates include: 2020 windows, 2018 roof, 6 ceiling fans(with lights) installed in 2021, 2019 carpet, 2017 complete exterior repaint and 2019 complete interior repaint. Whether you are looking for a primary residence, second home, or an investment property, this home will not disappoint. Conveniently located right around the corner from Pier Park and all that it has to offer(restaurants, coffee shops, shopping), and moments away from Pirate's Voyage Dinner and Show, Top Golf, and Frank Brown Park. All information is approximate and should be verified by buyers if important

16225 Sky Avenue, Panama City Beach
301 Lullwater Drive Unit 281, Panama City Beach
$195,000
1 Baths ⋅ 793350 MLS
Excellent opportunity to own a beautifully remodeled, fully furnished, turnkey ground floor condo, on the desired West End of Panama City Beach! This beautiful condo is only 1/2 block to the beach access. All of the action at Pier Park is less than a mile away! Relax on your private back deck and watch stunning sunsets over the lake or enjoy a dip in the community pool. Updates include new flooring, new decor, new backsplash and updated bathroom and appliances. This is a great investment property, with a proven rental history! Call today to schedule your showing.

301 Lullwater Drive Unit 281, Panama City Beach
301 Lullwater Drive Unit 411, Panama City Beach
$290,000
2 Beds ⋅ 2 Baths ⋅ 789820 MLS
Welcome to Lullwater Beach Unit 411, ideally situated just steps away from the beach! HVAC system (2022), washer and dryer (2023), and water heater (2022). This recently updated, freshly painted, and fully furnished 2-bedroom, 2-bath condo offers the perfect combination of coastal charm and strong investment potential. The property already has numerous secured future bookings for 2026, with projected gross rental income estimated to reach approximately $40K by the end of the year. Tastefully furnished and rental-ready, this condo comfortably sleeps up to 6 guests and features an updated kitchen with newer appliances, luxury vinyl plank flooring throughout the living room, kitchen, and bedrooms, along with tile flooring in both bathrooms. Both bathrooms have been upgraded with beautifully tiled showers. Enjoy relaxing by the community pool or taking in tranquil lake views from your private back porch overlooking Lullwater Lake. Located less than half a mile from Pier Park, about one mile from Frank Brown Park, and only minutes from dining, shopping, and entertainment, this property is an excellent option for a vacation home, primary residence, or income-producing rental. The Lullwater community has recently undergone extensive exterior upgrades, including new siding, roofs, decks, and staircases. Owners also benefit from ample parking and a pet-friendly environment. This turnkey beach retreat is a fantastic opportunity in one of Panama City Beach's most convenient and desirable locations.

301 Lullwater Drive Unit 411, Panama City Beach
301 Lullwater Drive Unit 435, Panama City Beach
$248,000
2 Beds ⋅ 2 Baths ⋅ 789034 MLS
Best value in Lullwater Condos - just steps from beach! This beautifully renovated 2Bd/ 2Ba condo offers the perfect blend of comfort, location, and investment potential. Enjoy relaxing by the community pool or taking in peaceful lake views from your private back porch overlooking Lullwater Lake. This rental-ready unit comfortably sleeps up to 8 and features an updated kitchen, renovated primary bathroom, newer A/C (2024), washer and dryer (2024), and water heater (2022). Durable and stylish vinyl plank flooring has been recently installed throughout, enhancing both appeal and functionality. The condo also overlooks the pool, adding to its desirable setting. With numerous future bookings already secured for 2026, this is an excellent opportunity for immediate rental income. Ideally located less than half a mile from Pier Park, about a mile from Frank Brown Park, and just minutes from popular attractions, dining, and entertainment, this property is perfect as a vacation getaway, full-time residence, or income-producing rental. The community has undergone significant upgrades, including new siding, roofs, decks, and stairs. Plenty of parking and pet-friendly for owners. Don't miss this opportunity to own a turnkey beachside condo in one of Panama City Beach's most convenient locations!

301 Lullwater Drive Unit 435, Panama City Beach
301 Lullwater Dr Unit UNIT 417, Panama City Beach
$255,000
2 Beds ⋅ 2 Baths ⋅ 994912 MLS ⋅ 1,089 SqFt.
Discover the hidden gem of Lullwater Unit 417. Nestled on Lullwater Lake, you can literally see Pier Park from the balcony. Inside this 2-bedroom, 2-bath condo you will find updated bathrooms and an updated kitchen with newer cabinets and appliances, making this unit both stylish and functional. Lullwater Condominiums has undergone extensive exterior improvements, including an impact-resistant front door and windows, new roof, new siding, and new steps and deck, giving the community a fresh, modern look. Major systems have also been updated including a new AC installed in 2023 and a new washer/dryer in 2024, providing peace of mind for owners and investors alike. Ideally located just across Front Beach Road from the beach, ½ mile from Pier Park, 1 mile from Frank Brown Park, and minutes from Dolly Parton's Pirate Voyage and Topgolf, this condo truly has it allwhether you're looking for a vacation retreat, investment property, or full-time residence.

301 Lullwater Dr Unit UNIT 417, Panama City Beach
301 Lullwater Drive Unit 417, Panama City Beach
$255,000
2 Beds ⋅ 2 Baths ⋅ 784984 MLS
Discover the hidden gem of Lullwater Unit 417. Nestled on Lullwater Lake, you can literally see Pier Park from the balcony. Inside this 2-bedroom, 2-bath condo you will find updated bathrooms and an updated kitchen with newer cabinets and appliances, making this unit both stylish and functional. Lullwater Condominiums has undergone extensive exterior improvements, including an impact-resistant front door and windows, new roof, new siding, and new steps and deck, giving the community a fresh, modern look. Major systems have also been updated including a new AC installed in 2023 and a new washer/dryer in 2024, providing peace of mind for owners and investors alike. Ideally located just across Front Beach Road from the beach, ½ mile from Pier Park, 1 mile from Frank Brown Park, and minutes from Dolly Parton's Pirate Voyage and Topgolf, this condo truly has it all—whether you're looking for a vacation retreat, investment property, or full-time residence.

301 Lullwater Drive Unit 417, Panama City Beach
301 Lullwater Drive Unit 401, Panama City Beach
$249,900
2 Beds ⋅ 2 Baths ⋅ 765178 MLS
*$30k Price Improvement!!* LOWEST PRICED townhome available in Lullwater Beach!! Low density lake-front community located directly across from ''The World's Most Beautiful Beaches''. Full 2bd/2bth unit with amazing sunrise view! Turn-Key. Fully furnished and ready for your Retirment/Vacation/Rental needs. Walk to dining and entertainment and everything that Pier Park has to offer! Lake with fishing dock, community pool and shuffleboard. Interior: Updates include new tinted windows and door wall, paint, A/c condenser. Exterior: All buildings have NEW siding, roofs, decks, and steps. Owner pets allowed.

301 Lullwater Drive Unit 401, Panama City Beach
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