Florida
Waterfront Homes for Sale in Panama City
“Waterfront Living Awaits in Panama City”
180 listings
Avg $581,510
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$12M
1025 Hwy 2297
Panama City, FL
00 ba
$4.5M
8711 Surf Drive
Panama City, FL
7 bd9 ba4,715
$3.5M
8221 Surf Drive
Panama City, FL
8 bd8 ba5,320
$3.0M
220 Mckenzie Avenue
Panama City, FL
00 ba10,157
$2.9M
8205 Surf Drive
Panama City, FL
6 bd5 ba2,920
$2.2M
339 Wahoo Road
Panama City, FL
5 bd6 ba4,159
$1.9M
1524 E 5th, Business 98 Street
Panama City, FL
00 ba
$1.6M
2806 Canal Drive
Panama City, FL
3 bd5 ba4,350
About Waterfront Homes in Panama City
Panama City, FL currently features 180 waterfront properties on the market, with an average price of $581,510 and a price range spanning from $49,000 to $12,000,000. These listings include homes along St. Andrews Bay, Grand Lagoon, and the Gulf of Mexico, offering buyers direct water access and scenic views unique to this Florida Panhandle location.
Average listing price: $581,510 · 180 homes available
Frequently Asked Questions
Buyers can find single-family homes, townhomes, and vacant lots along St. Andrews Bay, Grand Lagoon, and the Gulf. With 180 active listings, options range from fixer-uppers at $49,000 to luxury estates priced up to $12,000,000.
At $581,510, Panama City's average waterfront price sits below many nearby coastal markets, offering relative affordability. This makes the area attractive for buyers seeking value without sacrificing water access.
Key factors include flood insurance requirements, property elevation, and proximity to public boat ramps or marinas. Reviewing local regulations and recent sales data helps ensure an informed investment decision.