About This Home

This 2-bedroom, 2-bathroom single family at 306 Malaga Place in Panama City Beach, FL is listed for $549,000 ($456 per sqft). Built in 1961, the home offers 1,205 sqft of living space on a 0.07 acres lot.

Key Features

  • Built in 1961
  • 0.07 acre lot
  • 3 parking spaces

Property Details

1 story
2 full
3 spaces
1961

Amenities

A/C
Listing Description

BEACH HOUSE, VACATION ESCAPE OR INCOME-PRODUCING VRBO 306 Malaga Place offers an incredible opportunity to own your piece of Panama City Beach in a location that puts the best of the coast within easy reach. Located in Laguna Beach and just a few blocks from the sugar-white sand and emerald waters of the Gulf, this inviting 2-bedroom, 2-bath beach

cottage offers approximately 1,205 square feet of comfortable coastal living with NO HOA and short-term rentals allowed. Perfect as a full-time residence, second home or vacation rental investment, this property offers the flexibility to enjoy the beach lifestyle yourself while creating rental potential when you're away.

Thoughtful updates throughout the home include LVP flooring, granite countertops, Frigidaire stainless steel appliances and updated baths, while a bonus/sunroom provides additional space for relaxing, entertaining or accommodating guests. A great addition is the fenced-in front porch, creating a private outdoor retreat for morning coffee, unwinding after a day at the beach, or giving the pups their own secure spot to enjoy the coastal breeze.

The location is where this property really shines. Spend the day at the beach, head to nearby Pier Park for shopping, dining and entertainment, or venture west to explore the restaurants, shops, beaches and communities along Scenic Highway 30A. With both Panama City Beach and 30A at your fingertips, you can enjoy the best of both worlds.

Whether you're looking to LIVE HERE FULL TIME, ESCAPE TO YOUR OWN BEACH HOUSE or add a VRBO/VACATION RENTAL to your investment portfolio, 306 Malaga Place delivers location, flexibility and laid-back coastal living. Come for the beach. Stay for the lifestyle. Let your investment work when you're away.

Monthly Cost Estimate

$2,936/mo

20% down · 6.5% · 30 years

Principal$397
Interest$2,379
Insurance$160

Estimates only. Actual payments may vary.

Location

306 Malaga Place

Panama City Beach, FL 32413

LAGUNA BEACH ESTATES

Features & Amenities

Interior Features

Newly Painted

Property Details

Flooring

Vinyl

Construction

Block Stucco

Outdoor Features

Patio

Heating

Central

Cooling

Central Air

Appliances

CooktopDishwasherDisposalDryerMicrowaveRefrigeratorRefrigerator W/IceMkStove/Oven ElectricWasherWater Heater - Elect

Questions & Answers

This 2-bedroom, 2-bathroom single family at 306 Malaga Place is listed at $549,000 ($456/sqft). The estimated monthly payment is $2,936 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1961, 0.07 acre lot, 3 parking spaces. Interior Features: Newly Painted.

This property is listed by Amy M Wiggins.

AW

Amy M Wiggins

License 3485239

Agent at The Beach Group Properties LLC

Listed by The Beach Group Properties LLC · Broker phone: (850) 622-0107 · View on Broker Site · Broker website

MLS# 1012443· Source: Emerald Coast Association of Realtors· 36 days on PropertySimple

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

306 Malaga Place, Panama City Beach, FL 32413

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