Multi-family homes for sale in Panama City, FL

1 day on Rocket

$345,000

2 beds • 2 baths • 1,028 sqft

5500 Sunset Ave Unit A, Panama City Beach, FL 32408

#776582, Listing office: Re/Max By The Sea

2 days on Rocket

$599,000

4 beds • 2 baths • 1,544 sqft

5705 Beach Dr, Panama City, FL 32408

#773759, Listing office: Savvy Avenue LLC

Room to negotiate?

Median Sold Price

$330.8K

Avg. Sale Time

78 Days

Based on our June 2025 Market Report.

4 days on Rocket

$1,300,000

8 beds • 4 baths • 4,159 sqft

2809 Lagoon Knl, Panama City Beach, FL 32408

#776421, Listing office: Coldwell Banker Realty

Backup offers

$725,000

12 beds • 12 baths • 4,752 sqft

9117 Laird St, Panama City, FL 32408

#776158, Listing office: LSI REALTY & MANAGEMENT LLC

Backup offers

$725,000

12 beds • 12 baths • 4,752 sqft

9125 Laird St, Panama City, FL 32408

#776159, Listing office: LSI REALTY & MANAGEMENT LLC

Tour

$512,900

2 beds • 1.5 baths • 936 sqft

3744 E 9th St Unit 3746, 3748, 3750, Springfield, FL 32401

#775923, Listing office: Counts Real Estate Group Inc

$225,000

3 beds • 2 baths • 1,250 sqft

3817 E 8th St, Panama City, FL 32401

#775928, Listing office: Central Bay Realty and Property Management LLC

$308,500

4 beds • 2 baths • 1,768 sqft

7121 Riverbrooke St, Panama City, FL 32404

#775907, Listing office: Empire Real Estate of Florida LLC

$1,280,000

8 beds • 4 baths • 3,420 sqft

3908 Ocean View Dr, Panama City, FL 32408

#773337, Listing office: Red Real Estate Associates, LL

$1,049,000

6 beds • 7 baths • 2,560 sqft

6606 Thomas Dr Unit A & B, Panama City, FL 32408

#773610, Listing office: Beach Properties Realty

$632,000

2 beds • 2 baths • 1,536 sqft

4120 Nova St Unit E & F, Panama City Beach, FL 32408

#775422, Listing office: Epique Realty Inc

Tour

$565,000

4 beds • 4 baths • 2,168 sqft

1305-1307 Calabria Rd, Panama City, FL 32405

#775436, Listing office: EXP Realty LLC

Tour

$689,000

4 beds • 4 baths • 2,380 sqft

6328 Beach Dr, Panama City Beach, FL 32408

#775031, Listing office: EXP Realty LLC

$475,000

5 beds • 4 baths • 2,240 sqft

2816 N Panama Ave Unit A & B, Panama City, FL 32405

#775132, Listing office: EXP Realty LLC

$1,659,000

12 beds • 10 baths • 7,156 sqft

102 Grand Lagoon Shores Dr Unit 1-4, Panama City, FL 32408

#774971, Listing office: Top Producers Real Estate Ctr

$1,199,000

6 beds • 6 baths • 2,944 sqft

4113 Holiday Dr Unit 101, 102, 201, 202, Panama City Beach, FL 32408

#774542, Listing office: Coldwell Banker Realty

$450,000

4 beds • 2 baths • 1,600 sqft

5432-5434 Sunset, Panama City, FL 32408

#774250, Listing office: Coldwell Banker Realty

$1,500,000

5 beds • 4.5 baths • 2,720 sqft

6722 S Lagoon Dr, Panama City, FL 32408

#774052, Listing office: Epique Realty Inc

$599,000

3 beds • 3 baths • 2,917 sqft

3923 Holiday Dr Unit 1 & 2, Panama City, FL 32408

#773986, Listing office: Beachy Beach Real Estate

$414,500

4 beds • 2 baths • 1,344 sqft

5607 Sunset Ave, Panama City Beach, FL 32408

#773645, Listing office: Lifes A Beach Real Estate, LLC

$269,000

2 beds • 2 baths • 842 sqft

8623 Lorento St, Panama City, FL 32408

#773511, Listing office: Counts Real Estate Group Inc

$574,900

6 beds • 4 baths • 2,212 sqft

8600 Houston St, Panama City Beach, FL 32408

#773427, Listing office: Top Producers Real Estate Ctr

$450,000

3 beds • 3 baths • 1,768 sqft

2313 Grand Oaks Ln, Panama City, FL 32408

#773590, Listing office: Beycome of Florida LLC

$1,099,000

8 beds • 4 baths • 3,072 sqft

5801 Pinetree Avenue A, B, C & D, Panama City, FL 32408

#769566, Listing office: Bay to 30A Realty

Backup offers

$435,000

4 beds • 3 baths • 1,704 sqft

6226 Sunset Ave, Panama City, FL 32408

#772589, Listing office: Coastal Real Estate Group, Inc

$449,000

4 beds • 4 baths • 1,720 sqft

6224 Sunset Ave, Panama City, FL 32408

#772588, Listing office: Coastal Real Estate Group, Inc

$2,389,000

10 beds • 9 baths • 5,156 sqft

5237 N Thomas Dr, Panama City, FL 32408

#772367, Listing office: Prok Invest LLC

$485,000

3 beds • 2 baths • 1,610 sqft

3915 Wasp St, Panama City Beach, FL 32408

#772291, Listing office: Keller Williams Success Realty

$498,000

4 beds • 2 baths • 1,930 sqft

9020/9022 Houston St, Panama City, FL 32408

#772201, Listing office: Keller Williams Success Realty

$549,000

6 beds • 5 baths • 3,242 sqft

2810 W 15th St, Panama City, FL 32401

#771728, Listing office: Keller Williams Success Realty

$550,000

4 beds • 4 baths • 2,040 sqft

6518 Beach, Panama City, FL 32408

#771539, Listing office: Counts Real Estate Group Inc

$249,500

3 beds • 2 baths • 1,218 sqft

1025 W 11th Ct, Panama City, FL 32401

#771512, Listing office: Five Star Realty Group, LLC

$308,000

2 beds • 2 baths • 1,114 sqft

2803 Lagoon Knl Unit A, Panama City Beach, FL 32408

#766892, Listing office: World Impact Real Estate

Backup offers

$1,190,000

6 beds • 4.5 baths • 3,284 sqft

2832 Susan Ave, Panama City, FL 32408

#769180, Listing office: SimpliHOM

$837,000

3 beds • 2 baths • 4,047 sqft

301-305 Detroit Ave, Panama City, FL 32401

#770960, Listing office: Panhandle Real Estate

$1,800,000

6 beds • 7 baths • 4,116 sqft

4112 Snapper St, Panama City Beach, FL 32408

#769054, Listing office: Dalton Wade Inc

$485,000

4 beds • 2 baths • 1,680 sqft

5900 Sunset Ave, Panama City Beach, FL 32408

#770779, Listing office: Beach Haven Realty

$575,000

4 beds • 4 baths • 2,196 sqft

2432 Valley Oak Ct Unit A & B, Panama City Beach, FL 32408

#770487, Listing office: Foundation Real Estate Agency LLC

$3,495,000

8 beds • 8 baths • 5,320 sqft

8219 Surf Dr Unit 1And 2, Panama City, FL 32408

#770096, Listing office: Beach Time Realty, Inc

$249,900

5 beds • 3 baths • 2,260 sqft

819 Russ Lake Dr, Panama City, FL 32404

#769484, Listing office: Coldwell Banker Realty

Panama City, FL Real Estate Market Overview

There are 45 multi-family homes for sale in Panama City, FL. The following market insights reflect all property types in the Panama City, FL real estate market. The inventory of homes for sale in Panama City, FL between May 2025 and June 2025 decreased by 2.4%. Listings spent 78 days on the market in June 2025, and had a median list price of $330,871 during the same period. Panama City, FL housing market in June 2025 saw over 26 listings sold above listed price, more than 47 sold at listed price and over 144 sold below.

From Rocket Homes Real Estate and based on county public records data

What is it like to live in Panama City, FL

Overview

Panama City is located in Bay County, Florida. There are roughly 36,093 residents, living in 15,311 households. The average temperature for Panama City this time of the year is low of 73F and high of 90F. On average, Panama City gets about 9.13 inches of precipitation in July. Most residents are home owners (55%), have a post secondary degree (48%) and are single, no kids (50%).

Data provided by Home Junction

Schools near Panama City, FL

Elementary Schools

Lucille Moore Elementary School
1900 Michigan Ave
Public District PK-5
Tommy Smith Elementary School
5044 Tommy Smith Dr
Public District PK-5
Bay Haven Charter Academy
2501 Hawks Landing Blvd
Public Charter KG-5

Middle Schools

Bay Haven Charter Middle School
2501 Hawks Landing Blvd
Public Charter 6-8
North Bay Haven Charter Academy Middle School
1 Buccaneer Dr
Public Charter 6-8
Mowat Middle School
1903 W Highway 390
Public District 6-8

High Schools

Palm Bay Preparatory Academy 6-12
1104 Balboa Ave
Public Charter 6-12
A Crawford Mosley High School
501 Mosley Dr
Public District 9-12
Rutherford High School
1000 School Ave
Public District 6-12

Data provided by Great Schools

Multi-family homes for sale in Panama City, FL

Panama City, FL Real Estate Market Overview

What is it like to live in Panama City, FL

Overview

Schools near Panama City, FL

Housing market reports in Bay County

Homes for sale near Panama City, FL

Real estate in Panama City neighborhoods

Top real estate cities in Florida