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Start 2026 with a strong, stabilized income property at 2605 Redwood Street, a well-maintained duplex consisting of two separate buildings, each featuring two apartments for a total of four units. This turnkey asset is fully leased and positioned to deliver immediate and reliable cash flow.
The property offers a desirable unit mix of spacious 3-bedroom and 2-bedroom apartments, each with 1½ bathrooms. All apartments have been renovated with new kitchen, new flooring throughout, and Energy saving appliances. appealing to long-term tenants and supporting consistent occupancy. All apartments have been recently renovated. Recent capital improvements significantly enhance the property's value and reduce near-term maintenance, including brand-new flooring throughout, A/C unit is less than 4 years old, the roof was replaced in 2019, part of the siding on each building has been replaced, a newly installed septic tank.
With all apartments currently rented, the property generates an estimated Net Operating Income of $70,000 annually, offering investors an attractive 7% cap rate. The combination of strong in-place income, recent upgrades, and minimal deferred maintenance makes this an ideal acquisition for investors seeking stable returns with limited operational risk.
Whether you're expanding an existing portfolio or entering the multifamily market, 2605 Redwood Street represents a compelling opportunity to secure a high-performing asset in the new year.
No signs on the property, please do not disturb tenants.
#785031

Panama City Beach

2605 Redwood Street

10 Beds

4 Baths

4,432 Sq.Ft.

$900,000

MLS#: 785031

Tucked away on a gorgeous 2-acre homesite, this inviting 3-bedroom, 2-bath home offers the kind of peace and privacy that's getting harder to find—complete with its own serene pond and no HOA to limit your lifestyle. Step inside to a fresh, welcoming feel with newly painted interiors and stainless steel appliances, all centered around a cozy wood-burning stove that makes the living space feel like home the moment you walk in. A flexible bonus room adds even more value, perfect for a home office, nursery, guest room, or creative space—whatever fits your life right now.
The oversized primary suite is a true escape, featuring a private bathroom and a screened-in, covered patio where mornings start slow and evenings end quietly, surrounded by nature. Outside, you'll find wide-open space to roam, garden, or simply enjoy the view, plus a storage shed for tools, hobbies, or weekend projects. A durable metal roof installed in 2019 brings peace of mind, while the expansive lot easily accommodates your boat, camper, or outdoor toys. If you've been dreaming of room to breathe, space to grow, and the freedom of country living—without giving up comfort—this property is ready to welcome you home.
#782911

Panama City

9316 Kingswood Road

3 Beds

2 Baths

1,704 Sq.Ft.

$300,000

MLS#: 782911

New Construction Townhome Convenient to Tyndall Air Force Base! Newly constructed two-story townhome featuring 3 bedrooms, 2.5 bathrooms, and approximately 1,300 square feet of heated and cooled living space, with an attached one-car garage. 

Community amenities include exterior maintenance and common area upkeep. 

As soon as you walk through the front door the entrance and grandeur of the entry hall is amazing with the tall ceilings and wide hallway!

 The main level offers an open-concept living, dining, and kitchen area with quartz countertops, stainless steel appliances, breakfast bar, and contemporary finishes.

 A half bathroom is located on the first floor for guest use. Rear access leads to a covered patio. 

Upstairs includes a primary bedroom is an absolute dream! Primary ensuite features a walk-in closet and built-in shelving, along with an ensuite bathroom featuring custom tile work and oversized gorgeous shower. 

Additional bedrooms, full bathroom, and washer/dryer connections are also located on the second level for convenience! 

Additional features include tall ceilings and modern construction standards. New construction may offer potential insurance and energy-efficiency advantages; buyers are encouraged to consult with their insurance and utility providers for specific details. 

The property is located approximately 6.6 miles from Tyndall Air Force Base, 1.6 miles from Winn-Dixie, and 2.9 miles from Under the Oaks Park, with convenient access to shopping, parks, and major roadways.

 Information is believed to be accurate but not guaranteed. Buyer to verify all measurements, features, and usage.
#784982

Callaway

6736 Cherry Street

3 Beds

2 Baths

1,350 Sq.Ft.

$219,900

MLS#: 784982

Welcome to the Alabaster a new home floorplan located at Buffer Farms in Port Saint Joe, FL. The Alabaster is a masterfully designed single-family residence with four bedrooms and three and a half bathrooms. This home offers a perfect blend of elegance and relaxation, ideally suited for those in search of an exquisite second home or a serene vacation retreat.

Spanning two captivating stories, this home boasts 4 generously sized bedrooms, 3.5 well-appointed bathrooms, and the convenience of a single car garage. As you step through the inviting covered entry you enter a graceful foyer that flows seamlessly into an elegant dining area, setting the stage for memorable family gatherings. The heart of the Alabaster features an open-concept kitchen and family room, where a spacious center island, ample pantry, and abundant cabinetry invite culinary exploration and effortless entertaining. Quartz countertops, stainless-steel appliances, and EVP flooring accentuate this home beautifully making you feel right at home.

Tranquility defines the main-level primary suite, complete with a luxe ensuite bath featuring a dual sink vanity, an oversized shower, and a spacious walk-in closet. Venture upstairs to discover a versatile living space that is ideal for media enjoyment or as an additional lounge space--centrally located by three additional bedrooms. Each additional bedroom has been designed with spacious closets and two share a bath while the fourth bedroom has a private ensuite bathroom. Each bathroom is also equipped with quartz countertops and white cabinetry throughout the home.

On the outside of the home, you will see beautiful Hardie board siding, a covered rear patio area, and spacious yards to enjoy those unbeatable Florida sunsets. The Alabaster is an exciting addition to the lineup of homes at Buffer Farms.

Schedule a tour to see this beautiful home today!
#785019

Port St Joe

716 Norris Drive

4 Beds

3 Baths

2,245 Sq.Ft.

$354,900

MLS#: 785019

Rare mixed-use opportunity in the heart of St. Andrews! This 3-bedroom, 2-bath home has been used as a commercial business, offering incredible flexibility for live/work or investment purposes. The bright, functional layout provides comfort for daily living while accommodating a home office, studio, or small business.

Located in one of Panama City's most desirable neighborhoods, St. Andrews offers charm, character, and convenient access to local shops, dining, and the waterfront. Whether you're seeking a primary residence with income potential, a business-ready property, or a combination of both, 1819 Molitor Avenue delivers location, versatility, and opportunity all in one.
#785000

Panama City

1819 Molitor Avenue

3 Beds

2 Baths

2,043 Sq.Ft.

$250,000

MLS#: 785000

Welcome to 2236 Shenandoah Boulevard at Sunny Hills in Chipley, Florida. This pre-construction homesite offers the opportunity to secure new construction prior to groundbreaking. This property will be developed with the Poppy floorplan and built to current design standards and specifications. Buyers may have the ability to personalize select finishes depending on the stage of construction. Estimated completion timelines and build details available upon request.

The Poppy is a thoughtfully designed single-story home featuring three bedrooms and two bathrooms, offering an ideal layout for modern living. From the moment you step inside, a long, welcoming foyer creates a sense of privacy and flow, leading guests seamlessly into the heart of the home.

At the center of the Poppy is a bright open-concept living area that connects the kitchen, dining, and living spaces--perfect for everyday living and entertaining. The kitchen features a spacious island, ideal for casual meals, meal prep, or gathering with family and friends. A rear kitchen counter with a built-in stove and overhead microwave keeps the workspace efficient while maintaining a clean, streamlined look. Just off the kitchen, the laundry room is conveniently located, providing easy access without interrupting the main living areas.

Two secondary bedrooms are positioned near a shared full bathroom, making them perfect for guests, children, or a home office.

Tucked away for privacy, the primary suite offers a relaxing retreat at the end of the day. The spacious bedroom includes walk-in closets and an ensuite bathroom designed for comfort, featuring a walk-in shower for a modern, low-maintenance lifestyle.

With its functional layout, open design, and smart use of space, the Poppy floor plan is ideal for homeowners seeking a comfortable, stylish, and efficient new construction home.
#784991

Chipley

2236 Shenandoah Boulevard

3 Beds

2 Baths

1,281 Sq.Ft.

$224,900

MLS#: 784991

Prime Turnkey Coastal Gem in Panama City Beach - Ideal for Beach Living or Short-Term Rental Income.

Discover this immaculate, like-new 3-bedroom, 2-bathroom coastal retreat at 21408 Palm Ave, Panama City Beach, FL 32413. Built in 2018 and meticulously maintained by its original owner, this 1,824 sq. ft. single-family residence showcases modern coastal charm with NO HOA fees and vacation rental zoning, making it an exceptional opportunity for income generation or effortless coastal living as a primary or second home.

Step inside to an inviting open-concept floor plan highlighted by vaulted ceilings, abundant natural light, and thoughtfully designed living spaces. The spacious living room flows seamlessly into a formal dining area and a versatile bonus flex space, ideal for a home office, media room, or additional guest accommodations.

The well-appointed kitchen serves as the heart of the home, featuring quartz countertops, stainless LG appliances, ample cabinetry, and a layout designed for both entertaining and everyday living. French doors from both the living area and the private primary suite open to a tranquil outdoor patio, perfect for morning coffee, evening breezes, or relaxed gatherings after a day at the beach.

Turnkey, stylish, and ideally located in desirable West Panama City Beach, this property delivers the rare combination of modern construction, rental flexibility, and low-maintenance coastal living, a true standout in today's market.
#784992

Panama City Beach

21408 Palm Avenue

3 Beds

2 Baths

1,824 Sq.Ft.

$649,000

MLS#: 784992

This property boasts three bedrooms and 2.5 well-appointed bathrooms and is designed with your comfort in mind, featuring ceiling fans for those warm Florida days, a large master closet for all your storage needs, and recessed lighting for a modern touch!

The covered front entry leads you into a welcoming space, while the back patio offers a perfect spot for outdoor relaxation. The partially fenced shared backyard provides a great area for socializing and enjoying the Florida sunshine. The home also includes a one-car/utility garage for added convenience!

Its prime location offers easy access to shopping, dining, and Tyndall AFB, making it a perfect choice for those seeking a blend of comfort and convenience. Experience the best of Panama City living in this great townhome!

----------------------------------------------------------------------

*Garbage Service & Lawncare Included!*

*NO PETS*

*Limited Parking: 2 Vehicles/Unit*

*Owner will consider Section 8*
#785013

Panama City

7009 Edwardian Court

3 Beds

2 Baths

1,336 Sq.Ft.

$1,650

MLS#: 785013

Welcome to an exceptional opportunity to own a luxurious penthouse in the heart of Panama City Beach, Florida. Located at Edgewater Beach Resort tower 1 Unit 1208, this exquisite two-story penthouse is situated on the top floor of the renowned Edgewater Beach Resort, offering breathtaking views and unparalleled amenities.

This spacious residence features three bedrooms and three bathrooms, providing ample space for relaxation and comfort. The unit is designed to maximize the stunning Gulf views, with two private balconies that invite you to enjoy the serene beauty of the coastline. Whether you're sipping your morning coffee or unwinding after a long day, these balconies offer a perfect retreat.

Edgewater Beach Resort is a premier destination known for its world-class amenities. Residents and guests can indulge in the resort's multiple pools, complete with cabanas for a luxurious poolside experience. For those seeking active pursuits, the resort offers tennis and pickleball courts, as well as a golf course. Relaxation is also at your fingertips with hot tubs and BBQ areas available for your enjoyment.

The resort features onsite dining options, ensuring convenience and variety for residents and visitors alike. This unit is fully furnished and operates as a turn-key vacation rental, making it an ideal investment opportunity. It has a proven track record of generating income, making it a popular choice among vacationers seeking a premium experience in Panama City Beach.

Located in the sought-after Tower 1, this penthouse offers a unique blend of luxury and practicality. Its prime location and resort amenities make it a standout property in the area. The combination of its spacious layout, stunning views, and access to Edgewater Beach Resort's facilities ensures a lifestyle of comfort and leisure.

Don't miss the chance to own this remarkable penthouse, where every detail has been thoughtfully curated to provide an exceptional living experience. Whether you're looking for a personal retreat or a lucrative investment, this property offers the best of both worlds.
#775359

Panama City Beach

11483 Front Beach Road 1208

3 Beds

3 Baths

1,055 Sq.Ft.

$779,000

MLS#: 775359

**APPRAISED FOR $480,000 IN JANUARY** Located in Breakfast Point, one of Panama City Beach's most desirable golf cart-friendly communities, this meticulously maintained 2023 home offers modern design, privacy, and everyday convenience just minutes from the beach, Pier Park, and Frank Brown Park. Surrounded by wooded conservation land, the neighborhood feels peaceful and green, yet daily essentials - Publix, dining, shopping, top-rated schools, and services - are right outside the entrance. The owners have recently installed a Level 2 EV charger, making this home especially well-suited for today's lifestyle. 

Inside, 9-foot ceilings and an open-concept layout create a bright, connected main living space. Durable tile and engineered vinyl plank flooring span the first floor, balancing style with practicality. The kitchen anchors the home with a large island with seating, quartz countertops, stainless appliances, a farmhouse apron sink, and abundant white cabinetry, flowing seamlessly into the dining area and great room. Recessed lighting, modern fixtures, expansive windows, and 8-foot single-panel French doors fill the space with natural light and enhance the contemporary feel.

The main-level bedroom retreat offers privacy and backyard views, featuring a spacious sleeping area and a well-appointed ensuite bath with marbled tile flooring, a dual granite vanity, tiled walk-in shower, and a large walk-in closet with built-in storage. Just outside, a covered patio with a natural gas stub makes outdoor entertaining easy. 

Upstairs, kids or guests enjoy their own space with three generously sized bedrooms, a full bath with granite-topped vanity and marbled tile tub/shower, and a sunlit loft with ceiling-height accent windows - ideal for a playroom, office, or lounge.

Additional features include a tankless natural gas water heater, dual Ecobee smart thermostats, smart front door lock, dual HVAC systems, hurricane shutters, faux wood blinds, and durable board siding.

A home designed for how people actually live, in a community that makes life in Panama City Beach easy and enjoyable. Schedule a private showing and experience Breakfast Point living for yourself!
#784988

Panama City Beach

833 Breakfast Point Boulevard

4 Beds

2 Baths

2,110 Sq.Ft.

$459,000

MLS#: 784988

This 4.1± acre pie‑shaped parcel on Coralvine Drive in Chipley features a wooded landscape with a gentle slope toward the back of the property and a small creek running along the rear boundary. The land offers road access, natural drainage, and a mix of high and low ground suitable for a variety of uses. With no known utility connections in place, it is well‑suited for an off‑grid setup, homestead, or recreational use. Boundary lines are approximate and for illustrative purposes only.
#785005

Chipley

0 Coralvine Drive

None Beds

None Baths

4.1 acres

$29,000

MLS#: 785005

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.
#784984

Panama City Beach

301 Lullwater Drive 417

2 Beds

2 Baths

1,089 Sq.Ft.

$255,000

MLS#: 784984

This beautiful new construction 3-bedroom, 2-bath home offers the ideal blend of coastal living, investment potential, and future flexibility. Perfectly positioned on the west end of Panama City Beach, the property is just 5 minutes from the Lake Powell public boat ramp, less than 5 minutes to Camp Helen State Park, approximately 10 minutes to Rosemary Beach and Scenic 30A, and about 15 minutes to Pier Park for shopping, dining, and entertainment. New nearby attractions, including Dolly Parton's Pirate Voyage and Topgolf, further enhance the area's long-term appeal.

Designed with comfort and functionality in mind, the home features a bright open-concept layout, making it well suited for a primary residence, second home, or short-term rental. Interior finishes include durable LVP flooring, stylish tile accents, and abundant natural light throughout. 

Situated on a generous 0.22-acre lot with an impressive depth of approximately 130 feet, this property offers exceptional outdoor potential. The septic system is located in the front yard, leaving the expansive backyard perfectly positioned for a future private pool, outdoor living space, or custom enhancements—an increasingly desirable feature for both homeowners and investors.

With a 1-year builder warranty and a prime location near beaches, boating, and 30A, this home delivers lifestyle, value, and long-term upside in one of the Emerald Coast's most sought-after areas.
#784974

Panama City Beach

769 Westwood Beach Circle

3 Beds

2 Baths

1,500 Sq.Ft.

$549,900

MLS#: 784974

* Rare Retail & Restaurant Opportunity in Historic Downtown Panama City *

Discover a rare opportunity to own a premier commercial space in *The Mashburn Building*—an iconic four-story development redefining luxury and community in the heart of Historic Downtown Panama City, Florida.

This first-floor commercial condo offers an exceptional location for retail, dining, or boutique business ventures along Harrison Ave. Situated at 436 Harrison Avenue, this space provides high visibility, easy pedestrian access, and a front-row presence on Panama City's beautifully revitalized streetscape.

The Mashburn Building seamlessly blends historic charm with modern sophistication, featuring 26,000 square feet of distinctive architecture. The upper floors showcase industrial-style residential lofts, while the ground level is dedicated to vibrant retail and restaurant concepts designed to enhance the energy and culture of downtown living.

Construction is underway—now is the time to secure your place in this transformative development. Immerse your business in the renewed vitality of Harrison Avenue, surrounded by local shops, restaurants, and the charm of Panama City's historic core.

* Prime first-floor commercial condo opportunity
* Ideal for retail, café, or restaurant use
* Located in the heart of Historic Downtown Panama City
* High foot traffic and street visibility on Harrison Avenue
* Part of a mixed-use development with residential lofts above
* Construction in progress—reserve your space now

Be part of the rebirth of Downtown Panama City. The Mashburn Building isn't just a location—it's a destination.
#785003

Panama City

436 Harrison Avenue 100

None Beds

None Baths

26,000 Sq.Ft.

$1,200,000

MLS#: 785003

ONE MONTH FEEE RENT!  AVAILABLE FOR IMMEDIATE OCCUPANCY!  Ground floor unit has been completely renovated with new paint, new flooring, new lighting, granite countertops, stainless steel appliances, new bathroom vanities. This 2 bedroom, 2 bathroom unit is centrally located in Santa Rosa Beach and just 10 mins from the beach. Close proximity to Destin and 30 minute drive to Panama City Beach. No Pets & No Smoking
#995276

Santa Rosa Beach

108 Don Bishop Road UNIT 1

2 Beds

2 Baths

1,000 Sq.Ft.

$1,650

MLS#: 995276

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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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