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388' OF PRIME HWY 98 FRONTAGE • 1.26 ACRE CORNER LOT • FLEXIBLE MIXED-USE ZONING - Position your business on one of Panama City's most visible commercial corridors! Located directly on Business Hwy 98 (E 5th Street) with an AADT of 19,300 vehicles, this 1.26-acre corner property offers an impressive 388' feet of prime highway frontage, providing exceptional visibility, accessibility, and marketing exposure. The fully fenced in property allows two convenient access points for ingress and egress, making the property ideal for customer access, deliveries, and operational logistics. Zoned as Neighborhood Downtown (ND), this flexible mixed-use zoning designation allows for a broad range of potential commercial, residential, and mixed-use development opportunities (more information in document section). The property features roughly 6,200 square feet of total building space, including the main operational building with a reception area, two offices, three bathrooms, and a spacious 52'5'' x 32' open sewing and multi-purpose workspace. The building also includes a 43' x 44' receiving and logistics area, currently unfinished but fully equipped with its own HVAC system and two roll-up doors, offering flexible space for storage, production, or distribution operations. In addition, the property includes a separate 1,500-square-foot heated and cooled welding workshop, also equipped with roll-up doors, providing a functional workspace suitable for fabrication and mechanical uses. Read More *Newer HVACs on site and a 2019 metal roof. Located within the Millville Downtown District and just minutes from the revitalized Downtown Panama City waterfront, the property lies within a Community Redevelopment Agency district (CRA), providing potiental incentives and grant programs that may support property improvements or redevelopment. The established business currently operating on the property, is also available for purchase in conjunction with the property; however, the business valuation is separate from the advertised real estate price. Bob's Top Shop is a well-established custom awning and canvas fabrication business with deep roots in Panama City, known for producing high-quality commercial and residential awnings, marine canvas, and specialty products throughout NW Florida. With decades of brand recognition, repeat clientele, and strong community relationships, this presents a rare opportunity for an owner-operator, contractor, or investor seeking a respected local brand with continued growth potential. Whether you're interested in acquiring the property as a ready-to-go operation or exploring the many development possibilities for your own business, this highly visible and strategically positioned site offers endless opportunities. Don't wait, schedule your showing today! Parcels 22284-000-000 & 22704-000-000 being sold together. Buyer to verify all measurements.
#1011123

Panama City

2135 E 3rd Street

None Beds

None Baths

N/A

$1,150,000

MLS#: 1011123

Priced to move fast in one of Seascape Resort's most walkable garden villa locations, this ground-floor 2-bedroom, 2-bath condo puts you steps from the pool, a short stroll to the beach, and below recent comparable sales for this exact floorplan in the resort. With no stairs to climb, it is an easy, convenient layout for owners and renters alike. At 1,110 square feet, the open living and dining area leads to a private, covered patio overlooking the golf course, quiet, shaded, and ideal for morning coffee or an evening unwind after a day at the beach. The primary bathroom was fully renovated with all-new plumbing, fixtures, and finishes, giving peace of mind on one of the areas that matters most in coastal ownership. The kitchen was previously updated with modern cabinetry and appliances, and the unit comes fully furnished and ready to use as a second home, primary residence, or income-producing rental. Documented owner net rental income has ranged from $32,995 to $42,920 over the past three years, details available upon request. Seascape Resort is a gated community offering five resort-style pools, eight tennis courts, pickleball courts, a golf course, and deeded private beach access, plus the on-site Whale's Tail restaurant, Seascape Towne Centre shopping and dining, and the amphitheater, home to the popular Moon Crush concert series. One of the most competitively priced 2BR/2BA units of this size in Seascape. Motivated seller, bring your offer. Property Snapshot

" 2 Bed / 2 Bath, 1,110 sq ft, ground floor, no stairs

" Fully furnished, turnkey

" Private covered patio, golf course view

" Primary bath: full renovation, all-new plumbing and finishes

" Kitchen: previously updated cabinetry, countertops, appliances

" HOA: quarterly assessment, includes water, trash, cable, internet, ground keeping, master association, security, sewer, legal

" Short-term rentals permitted


Market Position

" List price is below the $373-397/sqft range recently achieved by comparable updated twin-floorplan units in Seascape

" Comparable sold units for reference: 159 Sunset Bay #23A -- sold $435,000 (Dec 2025)

" 283 Sunset Bay #28C -- sold $415,000 (Mar 2026)

" 764 Seascape #16D -- sold $412,000 (Nov 2025, 12 days on market)


Financial Notes -- Verified (Source: Seller-Provided Cost to Own Sheet + Seller Interview)

" Documented owner net rental income: $42,920 (2022), $32,995 (2023), $34,232 (2024). Three-year average: ~$36,700/year. Data predates the 2025-2026 season; request an updated statement from the rental program for the most current figures.

" Seller confirms these net figures are already after sales/bed tax remittance (~20% of gross). Estimated gross rental revenue: ~$41,000-$54,000/year, averaging ~$45,900/year across the three years.

" Self-management caveat: the seller books and manages the rental themselves -- no third-party management commission has been deducted from the net figures above. A buyer who intends to self-manage can reasonably expect similar economics. A buyer who plans to hire a property manager should underwrite a further reduction for that management fee, since this seller simply didn't pay one.

" Documented annual carrying costs: Seascape Master Association $943.77/quarter + COA Phase 3 $1,394.23/quarter ($9,352/year combined), property taxes $3,055.42/year (2024), electricity ~$1,800/year. Total operating expenses: $14,207.42/year.

" Bottom line for underwriting, confirmed directly with the seller: net rental income does not yet have HOA dues, property taxes, or electricity deducted -- the owner pays those separately out of pocket after collecting rental income. True owner profit nets the two figures against each other: average ~$22,500/year, or ~5.8% unlevered yield on the current $389,900 ask. This is a confirmed number, not an inference -- safe to use directly with a buyer's agent.

" Seller is motivated and open to a fast, clean closing timeline

" Buyer's agent commission: 2.5% co-op, confirmed


Buyer Persona -- Who This Property Actually Wins

This unit is not well positioned to compete for the lifestyle buyer cross-shopping against Seascape's nicest, most-updated inventory -- it will lose that comparison on finish level alone. It is well positioned for a documented-cash-flow investor buyer: someone comparing yield across short-term rental condos, who values a verifiable income history over granite countertops, and for whom ground-floor no-stairs access (easier for renters with beach gear) and a price already below the twin-floorplan comp band are real decision factors. Direct buyer's-agent outreach and any paid promotion should lean toward this audience rather than a general lifestyle search.


Talking Points for Buyer's Agents

" This is the value entry point into this floorplan in Seascape right now -- not the flashiest unit, the smartest number.

" Ground floor means zero stairs and zero elevator wait -- an underrated differentiator for older buyers, renters with luggage, and quick beach access.

" New plumbing behind the primary bath wall is a genuine long-term win most buyers never think to ask about until it's already a problem elsewhere.

" This development is currently a buyer's market (~7 months of supply); this unit is priced meaningfully below the pack, a real argument for a value-driven buyer.
#969085

Miramar Beach

293 Sunset Bay UNIT 29B

2 Beds

2 Baths

1,110 Sq.Ft.

$389,900

MLS#: 969085

Entered for comp purposes only. Discover incredible value in this brand new home located in a desirable new community in Freeport. The Springsteen floorplan features 4 bedrooms, 2 full bathrooms, and a flex room perfect for a home office, bonus space, or playroom. This thoughtfully designed home also includes a 2-car garage and a spacious covered back porch--ideal for outdoor living. Inside, enjoy high-end finishes such as quartz countertops, stainless steel appliances, and white shaker-style cabinets. The Hardie Board exterior offers timeless curb appeal and durability.
#794926

Freeport

177 Bent Oak Drive

4 Beds

2 Baths

2,000 Sq.Ft.

$317,990

MLS#: 794926

ription: LOT 1 BLK 49 OAKWOOD HILLS UNIT 3 PB 4-2 OR 90-63 OR 2434-1556 OR 24351374 OR 2639-1544 OR 2805-1212 OR 3084-2803
Remarks: Welcome to 188 Pinetree Lane in DeFuniak Springs! This inviting 4-bedroom, 2-bath home offers the perfect blend of comfort and country charm. Step inside to a bright, open-concept layout designed for easy everyday living and relaxed gatherings. Durable vinyl plank flooring runs throughout the entire home, providing a warm look with easy maintenance. The kitchen truly serves as the heart of the home, featuring a center island that's perfect for meal prep, casual dining, or enjoying your morning coffee. The four bedrooms offer comfortable, functional space with flexibility for family, guests, or a home office. With peaceful surroundings and room to breathe, this home delivers the simplicity and charm of country living while still being convenient to nearby amenities. If you're looking for a place that feels welcoming from the moment you walk in, this one is a must-see. Schedule your private showing today!
#794927

Defuniak Springs

188 Pinetree Lane

4 Beds

2 Baths

1,512 Sq.Ft.

$195,000

MLS#: 794927

*Entered for comp purposes
#794925

Defuniak Springs

635 Magnolia Lake Drive

3 Beds

2 Baths

1,467 Sq.Ft.

$325,000

MLS#: 794925

• This property is a 15-acre parcel located in Marianna, Quiet area but close to everything .Marianna Florida, a town known as ''the city of southern charm.''
• It is situated on the northwest corner of the historical street where Highway 73 merges into Highway 90.
• The property is described as high and dry, with brand new paved roads on two of its three sides.
• It offers a nice, quiet, and secluded environment while being less than 1 MILE  from downtown.
• The property features a lot of bamboo, and the bamboo shoots are mentioned as being organic food that comes out every spring.
• Approximately one acre around the midpoint has been cleared.
• There are 6 electricity posts circling the property, making electricity easily accessible,
Seller financing available
#1011141

Marianna

3098 Old Campbellton Road

None Beds

None Baths

15.0 acres

$168,000

MLS#: 1011141

*Entered for comp purposes
#1011131

Panama City

4908 Rosemary Street

3 Beds

2 Baths

1,637 Sq.Ft.

$334,900

MLS#: 1011131

Seller pays $10,000 ''anywhere money'' plus 1% of the purchase price toward total closing costs (and $2000 if using the preferred lender)! This highly popular Dogwood plan will be complete in May '27. This plan sells so fast due to its spacious and well thought out, one story floor plan! 2000 sq ft of gracious living boasting 4 bedrooms, 2 baths, a very large living, dining area and kitchen (with butler's pantry and LOTS of white, shaker cabinet space), a huge center island, quartz countertops, premium fixtures and hardware, apron front sink, gas range and all stainless appliances. The primary suite is an impressive size and the primary closet is very large and features custom built-ins! This premium lot backs up to woods for extra privacy beyond the backyard and patio. This is a must see!
#1011129

Niceville

407 Marsh Deer

4 Beds

2 Baths

2,000 Sq.Ft.

$585,000

MLS#: 1011129

Experience modern luxury in this contemporary condo, perfectly designed for both relaxation and adventure. Enjoy access to a state-of-the-art fitness center, a heated pool, jacuzzi, and convenient bike storage. Located just over a mile from the white sandy beaches of Hwy 30A, this property offers the best of coastal living while being nestled within the serene surroundings of Point Washington State Forest. Unwind on your private balcony in peaceful seclusion or explore the nearby trails. Walk,drive or golf cart to the beach, casual and fine dining. Custom built in beds have been added to the 2nd bedroom (2singles over 2 queens)comfortably sleeping 6 people. THIS IS A RARE FIND AND INVESTORS DREAM since this unit easily accommodates 8. Never struggle with parking again as this unit comes with it's own covered parking area close to bld 3...The owners spared no expense in equiping this unit with high end furnishings included in the sale-The extras cost 40K-Their Loss Is Your GAIN!
#1001495

Santa Rosa Beach

179 S County Hwy 393 UNIT 333

2 Beds

2 Baths

1,224 Sq.Ft.

$590,000

MLS#: 1001495

This stunning, fully furnished four-bedroom villa offers plenty of space and sleeping arrangements for up to eight lucky guests eager to enjoy a beach getaway. Nestled in the exclusive gated community of Caribe, it's just a short walk to a private shoreline, while being conveniently near Miramar Beach's vibrant dining, shopping, and entertainment options.
The moment you lay eyes on this two-story home's Mediterranean-inspired facade, you'll know you've found something special. A beautifully landscaped courtyard, adorned with swaying palms, colorful crepe myrtles, and a majestic magnolia, creates a serene tropical ambiance. A spacious covered porch, mirrored by a matching balcony above, beckons you to relax with stylish outdoor furniture, perfect for enjoying meals or drinks in the fresh air.
Step inside this gorgeous home, and you're greeted by warm, inviting interiors that instantly feel like home. Light-toned tile floors sweep through the open-concept living spaces, with high ceilings adding an airy, expansive feel. Elegant arched doorways with decorative accents connect the rooms, leading to a bright dining area where a rustic table, illuminated by a charming chandelier, seats ten comfortably. The adjacent gourmet kitchen boasts granite countertops, a bar with stool seating, creamy cabinetry with crown molding, glass-fronted displays, and top-of-the-line stainless steel appliances. The cozy living room features plush sofas and armchairs in soft blue hues, arranged around a sturdy wooden coffee table, facing a large flat-screen TV above a dormant fireplace. Throughout the home, lively artwork, including tropical paintings and playful beach-themed decor, adds a vibrant touch.
The first-floor master suite is a luxurious retreat, featuring a king-sized bed, an antique-style bench, a pale blue armoire, a comfy armchair with ottoman, and private patio access. Its spa-like en suite bathroom includes dual vanities with granite counters, a deep soaking tub, and a spacious walk-in shower. Upstairs, three tastefully appointed guest bedrooms await. One, resembling a second master suite, has a queen-sized bed, a built-in desk with shelving, balcony access, and a private full bathroom. The other two guest roomsone with a queen bed and another with four twin beds ideal for kids or group staysshare a well-appointed full bathroom.
Caribe's resort-like amenities elevate the experience, with two lushly landscaped pools, restroom facilities, tennis courts, a scenic pier extending into a tranquil lagoon, and easy access to a pristine beach. The villa's prime location puts you minutes from gulf-front eateries, grocery stores, wine shops, and the Silver Sands Premium Outlets, known for designer deals. Nearby championship golf courses, including one at Seascape, are a draw for enthusiasts. Just a short drive away, the charming Village of Baytowne Wharf, inspired by New Orleans' French Quarter, and the upscale Grand Boulevard at Sandestin offer year-round festivals, fireworks, live music, dining, bars, boutiques, and art galleries.
First Floor: Living Room with Patio Access, Kitchen, Dining Area, King Master Suite with Walk-In Shower, Soaking Tub, and Patio Access, Half Bath, Laundry Room.
Second Floor: Queen Bedroom with Full Bath and Balcony Access, Queen Bedroom, Jack-and-Jill Full Bath, Bedroom with Four Twin Beds.
#978987

Miramar Beach

176 Rue Martine

4 Beds

3 Baths

3,344 Sq.Ft.

$1,495,000

MLS#: 978987

Cute little hidden gem!  This a 1 bedroom, 1 bath Cottage like home located in the ''Cove '' area of Panama City.  Water, sewage, garbage is included with the rent.  This home can be left partially furnished or unfurnished. The Tenant is responsible for Electric and yard maintenance.  Convenient to downtown shopping, restaurants, entertainment venues, Bay Medical and more. Call to schedule a tour.
#794953

Panama City

121 N Cove Terrace Drive B

1 Beds

1 Baths

576 Sq.Ft.

$950

MLS#: 794953

*Entered for comp purposes
#794916

Crestview

6083 Dragonfly Way

4 Beds

3 Baths

3,031 Sq.Ft.

$430,000

MLS#: 794916

**$41K IN 2025 RENTAL INCOME + HEALTHY HOA + BONUS BUNK ROOM.** Beautifully remodeled and fully furnished, this ''F'' plan at Tidewater Beach Resort offers a compelling combination of proven rental performance, strong ownership economics, and coastal appeal. The unit generated $35K in 2024 and $41K in 2025, both with owner stays, providing an established rental history with additional opportunity to increase revenue. The bonus bunk room adds valuable sleeping capacity, making this unit particularly attractive to families and vacation guests.

The 1-bedroom, 2-bath unit features fresh coastal décor and stylish furnishings throughout, creating a turnkey retreat ready for personal enjoyment or continued short-term rental use.

Tidewater Beach Resort offers an impressive collection of amenities, including two lagoon-style pools, a heated indoor pool, private movie theater, fitness center, and more. Just one mile from Pier Park, guests enjoy convenient access to dining, shopping, entertainment,Topgolf and Pirate's Voyage Dinner & Show.

With a healthy HOA and well-managed resort this unit offers an attractive balance of income potential and manageable ownership costs.

A turnkey opportunity to own a well-appointed Panama City Beach unit with established rental income, additional sleeping capacity, resort-style amenities, and a highly desirable location.
#794915

Panama City Beach

16819 Front Beach Road 2116

1 Beds

2 Baths

817 Sq.Ft.

$414,900

MLS#: 794915

Exclusive opportunity to own one of the 5 remaining new units at The Grove at Seascape. Unparalleled amenities, design and interior finishes all within the guard gated Seascape community. Tucked away from the noise, this third floor unit features high quality quartz countertops, Bosch appliances with gas cooking, a spacious island for entertaining and a work desk space. Split bedroom plan with 2 full baths plus a private bunk room and walk in laundry room. The primary bedroom features doors onto the covered balcony. The community overlooks the Aquatic Garden amenities featuring lush landscaped grounds, multiple pools including a relaxing lazy river, zero entry pool with use by the Grove owners and guests. Developer offering a 12 month lease to a ground floor storage closet at closing. This plan is intended and provided for marketing purposes only, in order to reflect locations of buildings, features and occupants.  All information shown is subject to continued revision.  No representation is made that actual site conditions are accurately reflected.  All dimensions shown are approximations and will require field verification.
#999979

Miramar Beach

277 The Grove Drive 337

2 Beds

2 Baths

1,378 Sq.Ft.

$690,000

MLS#: 999979

The perfect small team office in an iconic building in the vibrant Main Street district of Crestview. 2 separate offices, an impressive entry reception/boardroom, a large breakroom, and a bathroom. The historic decor in this building from 1925 with brick and mortar walls and pine finishes will welcome your clients. Adjoining 2-story space also avaiable. All information is deemed to be accurate but to be verified by recipients and suitability for intended use.
#957206

Crestview

104 Main Street

None Beds

None Baths

5,600 Sq.Ft.

$2,850

MLS#: 957206

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.

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