Panama City Homes under $1.25 million

Panama City Homes under $1.25 million

Welcome to Panama City, Florida, a vibrant coastal gem nestled in Bay County, where the sun-kissed beaches meet a rich tapestry of culture and community. Known for its stunning white-sand shores and crystal-clear waters, Panama City is not just a vacation destination; it's a place where you can truly call home.

With a thriving real estate market, there are fantastic opportunities for those seeking homes under $1.25 million. Whether you’re a first-time homebuyer, a growing family, or looking for a serene retirement retreat, Panama City offers a diverse array of properties that cater to all lifestyles. From charming beach cottages to modern waterfront condos, the options are plentiful.

The city's warm climate and friendly atmosphere make it an ideal setting for outdoor enthusiasts and families alike. Spend your weekends exploring the picturesque St. Andrews State Park, indulging in fresh seafood at local restaurants, or enjoying the lively arts scene downtown. With a rich history and a strong sense of community, Panama City is a place where neighbors become friends and memories are made.

Additionally, the city boasts excellent schools, healthcare facilities, and recreational activities, ensuring a balanced and fulfilling lifestyle. With homes available under $1.25 million, you can find the perfect space to create lasting memories without stretching your budget.

Come discover the charm of Panama City, where the beauty of the Gulf Coast meets the warmth of Southern hospitality. Your dream home awaits!

Newest Panama City Homes under $1.25 million

6400 Bellavia Ln, Panama City
$265,000
4 Beds ⋅ 2 Baths ⋅ 1013237 MLS ⋅ 1,394 SqFt.
MOTIVATED SELLER! $7,000 PRIVACY FENCE ALREADY INSTALLED! FRESHLY PAINTED! This well maintained 4-bedroom, 2-bath home offering 1,394 square feet of comfortable living space in the highly sought-after Liberty community of Panama City. Perfectly designed for everyday living and entertaining, this home features an open-concept floor plan, spacious bedrooms, and a large fenced back yard. Located just a short walk or golf cart ride from Liberty's outstanding neighborhood amenities, residents enjoy access to a resort-style community pool, splash pad, playground, fitness center, and beautifully maintained common areas, creating an exceptional lifestyle for families and active homeowners alike. The Liberty community also offers sidewalks throughout and a welcoming neighborhood atmosphere. Conveniently situated off Highway 231, this home offers easy access to everyday necessities and major destinations. Tyndall Air Force Base is just a short commute away, making it an excellent choice for military personnel and civilian employees. You'll also appreciate the convenient access to Northwest Florida Beaches International Airport, as well as the shopping, dining, entertainment, and white-sand beaches that make the Panama City area so desirable. Liberty's location provides quick access to Panama City Beach, local schools, healthcare facilities, and countless recreational opportunities.

6400 Bellavia Ln, Panama City
259 Boggy Creek Way, Panama City
$312,000
4 Beds ⋅ 2 Baths ⋅ 1013211 MLS ⋅ 1,799 SqFt.
This community named itself appropriately... because 259 Boggy Creek Way may be the perfect PLACE to PARK yourself! This Craftsman-style home delivers an easy, convenient, and fun lifestyle, with 4 bedrooms, 2 baths, and 1,799 sq ft -- room for everyone, plus room for memories! Military at Tyndall AFB? Let's salute the 4.99% assumable rate and just 9.4 miles to the base! Less commuting means more time enjoying the life you came here for. And, speaking of that life... the beach! Those famous white-sandy beaches and Panama City's endless attractions are approximately 15-17 miles away. We know the beach is probably #1, but what's next? A famous daiquiri at Pineapple Willy's? A Vomatron adventure? Waterfront dining? Or hosting at home? Too easy. ALDI, Walmart, DG, and more are just minutes away. Now let's talk about the bonus yard! Sitting next to a large community common area gives you serious overflow space when the guest list gets ambitious. Cornhole? Football? Horseshoes? BOOM! You've got the space--your bonus yard without the bonus maintenance! Inside, the open-concept design makes entertaining easy. Show off your cooking skills on the granite countertops and large island, keep your eyes on the game from the living room, and enjoy everyone being together without feeling crowded. When the day winds down, retreat to your primary suite. Soak in the garden tub or enjoy an extra-long shower. It's time to live your best life and maybe it's time to PARK IT here in Panama City!

259 Boggy Creek Way, Panama City
7403 Sweetbriar Rd, Panama City
$249,000
4 Beds ⋅ 2 Baths ⋅ 1013185 MLS ⋅ 1,536 SqFt.
Welcome to affordable Florida living with the space, updates and outdoor lifestyle you've been searching for. This beautifully updated four-bedroom, two-bath home sits on a full acre and offers a bright, open layout with modern finishes throughout. Inside, you'll find updated flooring, spacious living areas and a beautifully refreshed kitchen featuring ample cabinetry, generous counter space and a large island that makes the perfect gathering spot for everyday living or entertaining. The functional floor plan offers plenty of flexibility for everyday living, guests, a home office or additional living space, while the bedrooms provide comfortable accommodations and a clean, updated feel throughout. Step outside and take full advantage of the Florida lifestyle with your own private pool, perfect for cooling off on hot summer days, hosting friends and family or simply relaxing in your own backyard retreat. The expansive deck offers plenty of space for grilling, outdoor dining and lounging, while the full-acre homesite provides room to spread out and enjoy a little extra privacy. With four bedrooms, two full baths, modern updates, a private pool, spacious deck and one acre of land, this home delivers a hard-to-find combination of space, comfort and Florida charm at an approachable price point. Some photos may be AI-enhanced.

7403 Sweetbriar Rd, Panama City
301 Lakeside Drive, Panama City
$299,000
3 Beds ⋅ 3 Baths ⋅ 796198 MLS
Welcome home to this beautifully maintained property tucked away on a quiet cul-de-sac! This inviting home offers a functional, family-friendly floor plan with spacious bedrooms, custom touches throughout, a cozy family room with fireplace, and an updated kitchen with breakfast nook. A separate formal dining area provides additional flexibility and could easily serve as a home office. Step outside to a spacious, fully privacy-fenced backyard backing up to a conservation area for added peace and privacy. The screened-in back porch is the perfect spot for morning coffee, entertaining, or fall football nights. An attached two-car garage provides plenty of additional storage. Conveniently located near Tyndall Air Force Base with easy access to shopping, dining, schools, and everyday necessities, this home offers a wonderful combination of comfort, privacy, and convenience in a peaceful neighborhood setting.

301 Lakeside Drive, Panama City
3618 Preserve Boulevard, Panama City
$1,150,000
4 Beds ⋅ 4 Baths ⋅ 796194 MLS
Offered at $1,150,000, this 4 BR/3.5 BA home in Preserve on the Bay offers 3,280 SF, a private heated pool, 3-car garage and St. Andrews Bay view. Set on an oversized 0.47-acre lot, this beautiful home blends privacy, luxury and functionality in a peaceful, gated Panama City Beach community surrounded by mature trees and lush landscaping. One of the property's most special features is its natural setting. Although not waterfront, conservation land extends behind the homesite toward St. Andrews Bay, creating a peaceful natural backdrop and allowing the home to look out over conservation land instead of neighboring backyards. From the upstairs balcony, enjoy a beautiful view overlooking the pool, lush landscaping, marsh/conservation land and St. Andrews Bay. Inside, custom character and craftsmanship are complemented by generous living spaces and natural light from large windows. The formal dining and living rooms feature 12-foot ceilings, while hardwood flooring, crown molding, substantial baseboards, plantation shutters and recessed lighting add warmth throughout. French doors from the formal living room open directly to the patio and screened pool area. The first-floor primary suite also offers patio access, Bay windows, and a spacious bath with granite countertops, double vanities, jetted tub, separate shower and walk-in closet. A first-floor office with a full closet and extensive built-ins provides flexible space as the fourth bedroom. The open-concept kitchen, family room and additional dining area offer plenty of room to gather and entertain. The kitchen features granite countertops, stainless steel appliances, gas range, convection oven, island with wine storage, breakfast bar, workstation and two pantries. Three sets of French doors open this space to the patio and screened pool area. Together with outdoor access from the formal living room and primary bedroom, the layout creates a natural connection between indoor and outdoor living. The family room also features a gas fireplace and built-in cabinetry. Upstairs are two bedrooms connected by a Jack and Jill bath and a large open landing offering additional flexible living space. Currently used as an art studio and artist's corner, it could also serve as a reading nook, sitting area, playroom or additional flex space. The large covered balcony is enclosed within the screened pool structure and overlooks the pool, marsh/conservation land and St. Andrews Bay. Outdoor living is a highlight, with a private in-ground gunite pool with gas heat, screened enclosure, covered patio, outdoor shower and half bath. Mature live oaks, palms and lush landscaping enhance the peaceful setting. An additional covered parking area adjacent to the 3-car garage can also serve as covered outdoor living space when not needed for vehicles. Storage is abundant throughout the home, with numerous closets, built-ins and a large attic. The 3-car garage provides even more storage with abundant upper and lower cabinetry and countertop workspace. A long, spacious paver driveway provides generous additional parking and a welcoming approach to the home. Additional features include a sprinkler system supplied by a well, owned water filtration system, gas and electric water heaters, whole-home surround-sound wiring and security-system wiring. Preserve on the Bay is a peaceful, gated and private Panama City Beach community known for mature trees and established landscaping, while remaining close to shopping, dining, area attractions, marinas and the beaches. With its oversized lot, abundant storage, flexible living spaces, multiple indoor-outdoor connections, private heated pool, 3-car garage, additional covered parking and beautiful conservation-land setting overlooking St. Andrews Bay, 3618 Preserve Boulevard offers space to live, gather, entertain and enjoy Northwest Florida's natural surroundings. HOA dues are currently $1,818.66 annually, and short-term rentals are not allowed.

3618 Preserve Boulevard, Panama City
7205 Thomas Drive Unit A604, Panama City
$475,000
2 Beds ⋅ 2 Baths ⋅ 796178 MLS
BUILDING BEEING COMPLETELY RENOVATED!! 2 / 2 unit is on the west side of the building with sunset views. The open kitchen has ample countertop space with a breakfast bar, stainless appliances, updated bathrooms, washer and dryer. 1,500 ft. of sugar-white beachfront, three large gulf-front pools that are seasonally heated, volleyball, lighted tennis courts, basketball, shuffleboard, swing sets on the beach, outdoor BBQ grills, picnic tables, fitness room, wireless internet throughout the property, private meeting rooms available for rent and onsite beach chair and umbrella rentals. All measurements and info estimated/approximate. Buyer should verify any and all information that they deem to be important!

7205 Thomas Drive Unit A604, Panama City
6639 Kettles Street, Panama City
$284,900
3 Beds ⋅ 2 Baths ⋅ 796174 MLS
Welcome to Liberty! This beautifully maintained 3-bedroom, 2-bath, Jemison floor plan is situated on a desirable corner lot and offers 1,648 sq. ft. of comfortable modern living. The open concept floor plan features a spacious kitchen with island, stainless steel appliances, and a walk in pantry, flowing seamlessly into the living and dining area. The split-bedroom layout provides privacy, with primary suite featuring a walk-in-closet and ensuite bath. Enjoy the convenience of smart-home technology throughout, along with a fully fenced vinyl backyard, perfect for pets, entertaining or relaxing outdoors. Liberty offers resort-style community amenities, including a 7,500 square foot community center, swimming pools, splash pad, fitness center, playground, walking areas and sidewalks. If you're looking for a newer, low-maintenance home on a corner lot with modern features and fantastic community amenities, this one is ready to welcome you home!

6639 Kettles Street, Panama City
2912 W 27th Street, Panama City
$649,900
5 Beds ⋅ 3 Baths ⋅ 796170 MLS
Welcome to King's Landing, an exclusive waterfront community featuring 39 homesites nestled in the desirable King's Point area of Lynn Haven. The Riverside is a stunning new construction floorplan offering a spacious two-story layout designed for modern family living. The Riverside features 5 bedrooms, 3 baths and a 2 car garage. There's still time to customize this beautiful home by making your selections at our new Design Studio! Residents of King's Landing will be able to enjoy the waterfront pool and cabana that is scheduled to be completed in early Spring 2027. King's Landing combines comfortable coastal living with convenient access to the water, local shopping, dining and recreation. Come experience the quality craftmanship and attention to detail that Traton Homes has delivered for over 55 years!

2912 W 27th Street, Panama City
251 Ryder Lane, Panama City
$359,000
4 Beds ⋅ 2 Baths ⋅ 796169 MLS
Welcome Home to Bridge Harbor! Modern Coastal Comfort Minutes from Tyndall AFB Address: 251 Ryder Lane, Callaway / Panama City, FL 32404 Layout: 4 Bedrooms | 2 Bathrooms | ~1,787 Sq. Ft. The Perfect Fit for Military Families & Coastal Living Cut your commute down to just 5 minutes! Perfectly positioned right off Tyndall Parkway, this move-in-ready home in the desired Bridge Harbor community offers ultimate convenience for personnel stationed at Tyndall Air Force Base. Spend less time commuting and more time enjoying the best of the Gulf Coast. Interior & Functional Layout Spacious Open-Concept Living: Designed for effortless entertaining and day-to-day family life, featuring continuous low-maintenance flooring and plenty of natural light. Functional Kitchen: Features beautiful cabinetry, durable Granite countertops, a large center island, and a walk-in pantry for plenty of storage. Private Primary Suite: Includes a spacious bedroom, walk-in closet, dual-sink vanity, soaking tub, and a separate shower. Versatile 4-Bedroom Floorplan: Excellent layout for a growing family, dedicated home office, or guest space. Community & Location Highlights Resort-Style Amenities: Enjoy access to the community pool, ideal for unwinding on warm Florida afternoons and meeting neighbors. Near St. Andrews Bay: Close to public boat launches and waterfront access for weekend fishing, paddleboarding, and boating. Convenient Callaway Location: Minutes from local dining, grocery stores, and daily conveniences. Whether you are relocating for orders or searching for turnkey coastal living, 251 Ryder Lane combines effortless upkeep, unbeatable base proximity, and neighborhood comfort. Schedule your private tour today! Logan Etheridge Legacy Premier Agency

251 Ryder Lane, Panama City
2323 Discovery Loop, Panama City
$350,000
3 Beds ⋅ 2 Baths ⋅ 796167 MLS
Welcome to 2323 Discovery Loop -- a beautifully crafted Harris Doyle home featuring the highly sought-after Sabal floor plan in the heart of Panama City's premier master-planned community, SweetBay. Built in 2025, this 3-bedroom, 3.5-bathroom home offers 1,646 square feet of thoughtfully designed living space with the perfect balance of modern comfort, quality construction, and low-maintenance living. Inside, you'll find a bright, open-concept layout filled with natural light and stylish finishes. The spacious kitchen features stone countertops and stainless steel appliances and flows seamlessly into the dining and living areas -- perfect for everyday living or entertaining. One of the home's standout features is its incredibly versatile bedroom layout. The first-floor primary suite offers added convenience and privacy with a spacious walk-in closet and an impressive tile-to-ceiling shower. Upstairs, you'll find a second primary suite complete with its own private balcony, creating the perfect place to relax and enjoy the Florida lifestyle. The third bedroom also features its own en-suite bath, giving every bedroom access to a private bathroom. Outside, enjoy a covered porch and patio along with a low-maintenance homesite designed for those who would rather spend their time enjoying everything SweetBay has to offer. Living in SweetBay means more than just a home -- it's a lifestyle. The community offers resort-style pools, basketball and sports courts, playgrounds, parks, miles of walking and biking trails, grilling areas, fire pits, a private beach, community dock, fishing, kayaking and access to the bay. University Academy is conveniently located within the neighborhood, while the growing SweetBay Town Center puts Publix, Starbucks, dining, and everyday conveniences just minutes away. A future marina will add even more to this already incredible community. Don't miss your opportunity to own this nearly new Sabal floor plan featuring two primary suites, three en-suite bedrooms, a private balcony, and an exceptional location in one of Panama City's most desirable communities -- schedule your private tour today!

2323 Discovery Loop, Panama City
3701 E 5th Street, Panama City
$140,000
3 Beds ⋅ 2 Baths ⋅ 796157 MLS
Welcome home to this 3-bedroom, 2-bath home that's truly move-in ready. You will walk into a spacious, open layout designed for comfortable living. Fresh, neutral colors throughout create a clean, inviting feel and make it easy to add your personal touch. With thoughtful updates already completed, this home is ready for its new owner to move right in and enjoy. Comfortable, and well-maintained, don't miss this opportunity!

3701 E 5th Street, Panama City
3112 Lanny Lane, Panama City
$255,000
3 Beds ⋅ 2 Baths ⋅ 796150 MLS
THE PRICE IS RIGHT -- COME ON DOWN! THIS HOME IS DEFINITELY PRICED RIGHT! If you've been waiting for a home that feels comfortable, welcoming, and truly ready for you to move right in, this is the one! Make your appointment today, because a home like this won't stay on the market for long. From the moment you walk through the door, you'll feel the warmth of a home that has been well cared for and loved. There's a wonderful neighborhood feel here -- without the HOA and those extra fees! The spacious family room is the heart of the home, complete with a wood-burning fireplace that sets the stage for cozy evenings, movie nights, and time together with the people you love. Open the sliding glass doors and step outside to your huge, fully fenced backyard, where the possibilities are endless. There's plenty of room for a large pool, garden, pets, playtime, or simply relaxing and enjoying your own private outdoor space. And imagine gathering around a fire pit with family and friends, relaxing in the hanging swings while the kids roast marshmallows and everyone enjoys a good old-fashioned S'mores night! These are the kinds of spaces where memories are made. Inside, beautiful plank tile flooring flows through the main living areas, creating an easy and comfortable space for everyday living, while carpeting in the bedrooms adds warmth and coziness. Both bathrooms have been tastefully remodeled, including the primary bath with a convenient walk-in shower. And then there's the location -- you really are in the middle of it all! Whether you're commuting to work, heading to the beach for the day, or enjoying everything Panama City has to offer, this central location makes life easier. You're just around the corner from SweetBay, University Academy, parks, shopping, dining, medical facilities, and the newly expanded Highway 390 corridor. This isn't just a house -- it's a place where you can settle in, relax, entertain, and make memories for years to come. It's move-in ready, beautifully maintained, conveniently located, and ready for someone new to make it their own. If you've been looking for a home that gives you space, comfort, convenience, and a backyard full of possibilities -- THIS ONE IS FOR YOU!

3112 Lanny Lane, Panama City
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