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Turnkey income-producing opportunity in Panama City's historic Millville neighborhood! Offered at $160,000 with a long-term tenant in place at $1,650 per month, 605 Elm Avenue generates $19,800 in scheduled annual gross rent, representing an impressive approximately 12.4% gross rent yield at the asking price before expenses. For investors looking for immediate income without taking on another major renovation project, this property offers a compelling combination of existing cash flow, substantial improvements already completed, durable construction and long-term location potential. This 2-bedroom, 1-bath concrete-block home has been extensively improved while maintaining a manageable and efficient rental footprint. Updates include a newer roof, windows and flooring, updated plumbing and sewer components, renovated kitchen and bathroom, newer fixtures and lighting, appliances, attic ductwork and gas lines. The home features central air and gas heat, while the updated kitchen offers modern cabinetry, stainless-steel appliances and gas cooking. Wood-plank ceilings, recessed lighting, updated flooring and thoughtful interior finishes give the home character that stands apart from the typical rental property in this price range. The property offers approximately 609 heated square feet and a lot large enough for ones creative mind to run wild. This home currently has mature landscaping, a gravel driveway, side access and a rear patio and yard area. Location is another major component of the investment. Positioned in Millville near Watson Bayou, the property is only a few blocks from Millville Waterfront Park, its public boat ramp, fishing and waterfront recreation, and approximately 5 minutes from Downtown Panama City. Everyday employment and services are equally accessible, with Ascension Sacred Heart Bay approximately 2 miles away, while the 23rd Street employment and retail corridor--including HCA Florida Gulf Coast Hospital and Walmart--is approximately 4-5 miles away, with Target roughly 5 miles away. Tyndall Air Force Base is approximately 8-10 miles to the east, providing access to one of the area's largest employment centers, while the white-sand beaches of Panama City Beach are approximately 12-15 miles away. US-98 provides convenient east-west access throughout Bay County and is right around the corner from this investment opportunity. For investors, the numbers and fundamentals are straightforward: $160,000 asking price, $1,650 monthly rent, $19,800 scheduled annual gross rent and approximately 12.4% gross rent yield before expenses, combined with concrete-block construction, significant improvements already completed and a tenant in place. Whether adding another property to an established rental portfolio or looking for an approachable entry into the Panama City long-term rental market, 605 Elm Avenue offers immediate income today with exposure to the continued growth and redevelopment of the surrounding area.
#1013682

Panama City

605 Elm Avenue

2 Beds

1 Baths

609 Sq.Ft.

$160,000

MLS#: 1013682

Welcome Tops'l Tennis Village. 37B Forest Hills Lane, a fully furnished, two-story, 2 bedroom, 2.5 bath condo in built in 1984 and just across from the tennis courts. The main level has a living and dining area that opens to your outdoor patio, plus a half bath downstairs for guests. Upstairs, the primary suite opens to its own private balcony and the guest bedroom has a sun deck, each with its own bath. The owners have kept this home well maintained and have painted, updated the light fixtures, doors, and bathroom cabinets, and enlarged the kitchen window to open the view into the dining area. The washer and dryer are new, the refrigerator has been replaced within the past five years, and the water heater and HVAC were replaced in 2021. A covered carport with an exterior owner's closet is included with the unit at no additional fee. Everything visible conveys, so you can step right in. Currently on a vacation rental program, this is an excellent opportunity as a personal coastal getaway or an income-producing property. Owners enjoy access to the beach, tram service, mini golf, putting green, shuffleboard, and a dedicated owner's lane into the property. The Club, with its 12 Rubico clay tennis courts, fitness center, pool, and dining, is available by separate Club membership. Located in the gated TOPS'L resort community near Grand Boulevard, Sandestin, and 30A. All information is deemed accurate but should be verified by the buyer and/or buyer's agent if important
#1013720

Miramar Beach

37 Forest Hills Lane # 37B

2 Beds

2 Baths

1,293 Sq.Ft.

$399,900

MLS#: 1013720

None
#780404

Westville

00 HWY 160 Highway

None Beds

None Baths

9.8 acres

$85,000

MLS#: 780404

Grreat investment opportunity, one bedroon duplex, with many upgrades. New windows, new HVAC, and new appliances.. Great location. currently occupied and rented. Currently gross rental income is $1400 a month. current leases are up on 6/15/2026 and 8/15/2026. Duplex has good rental record and is a great investment. contact listing agent for showings. All showings must be setup a minimum of 48 hours in advance and only available at tennants approval. Call today to request a showing.. . Buyer to verify all information..
#781000

Panama City

1103 E 11th Street A & B

2 Beds

2 Baths

960 Sq.Ft.

$150,000

MLS#: 781000

New listing in a charming new community in North Crestview. This beautiful 3-bedroom, 2-bath home offers 1,901 square feet of thoughtfully designed living space on a spacious half-acre lot. The exterior features Hardie front with a brick skirt and three sides brick for durability and curb appeal. Inside, you'll find luxury vinyl plank flooring throughout the main living areas with carpet only in the bedrooms. The kitchen and bathrooms feature granite or quartz countertops with modern black fixtures throughout. The oversized primary suite offers private access to the large covered back porch, creating a perfect oasis. Master bathroom offers a tiled shower and modern finishes. The yard has sod, landscaping and an irrigation system.
#995571

Crestview

2418 Aleia Lane

3 Beds

2 Baths

1,901 Sq.Ft.

$368,433

MLS#: 995571

Imagine building your dream home on a spacious half-acre-plus homesite overlooking North Bay. The seller has already completed a major step by bringing in fill dirt to support an elevated build--positioned perfectly to capture breathtaking water views while saving you significant upfront costs. With ample room to design and create, this property offers endless possibilities. Thoughtfully designed house plans from the seller are also available, providing a great starting point if desired. Tucked away in a peaceful, low-traffic setting, this location offers the kind of serenity that's hard to find. Just steps away, Isaac Byrd Park features a bayfront playground, covered picnic areas, and open green space for both kids and pets to enjoy. It's also an ideal launch point for kayaking or paddleboarding--perfect for embracing the coastal lifestyle. With no HOA restrictions, you'll have the freedom to bring your boat, RV, and fully enjoy your property your way.
#796545

Lynn Haven

744 N Harvard Boulevard

None Beds

None Baths

0.53 acres

$275,000

MLS#: 796545

Discover 0.76 acres on Farmington Drive in Sunny Hills, a peaceful residential community surrounded by pine trees, rolling terrain, lakes, and plenty of open space. Located in Sunny Hills Unit 2, this property gives you room to create a private Florida retreat while remaining part of an established community. Sunny Hills is known for its wooded setting, numerous lakes, fishing opportunities, an 18-hole golf course, and Boat Lake with its sandy beach. Deed restricted to single family residence, 2 stories high, no Mobile Homes
#796531

Chipley

TBD Farmington Drive

None Beds

None Baths

0.75 acres

$16,500

MLS#: 796531

Yacht Club Townhomes will feature 19 newly constructed residences thoughtfully designed for comfortable, modern living in the heart of Fort Walton Beach. This community will offer the opportunity to enjoy a brand-new home while staying close to the schools, parks, shops, restaurants, beaches, and everyday conveniences that make this welcoming beach town such an easy place to call home. Each two-story residence offers approximately 1,577 square feet of conditioned living space, with four bedrooms, two-and-a-half baths and a private attached garage. The floor plan is designed for the rhythm of everyday life, with an open kitchen and living area downstairs that creates a natural place to gather, while four bedrooms upstairs provide room for family, guests, a home office, or whatever the next chapter requires. Outside, a carefully balanced mix of lap siding, board-and-batten, brick accents and covered entries gives the homes a clean, timeless character. Inside, durable luxury vinyl plank flooring, solid-surface countertops, stained cabinetry and thoughtfully selected finishes combine style, comfort and practicality. Life at Yacht Club Townhomes is about enjoying the best parts of Fort Walton Beach: the feel of a close-knit community, the convenience of being near everything, and the relaxed pace of life that comes with living in a classic Florida beach town. New construction. An established neighborhood. A place designed to feel like home from day one.
#1013683

Fort Walton Beach

1 Seaglass Lane

4 Beds

2 Baths

1,577 Sq.Ft.

$350,000

MLS#: 1013683

Craftsman style one story home built in 2015 offers comfort and convenience with functional layout including 3 Bedrooms 2 Baths, Fenced backyard, deck and a garage. Lagrange Landing is a popular community with Community pool, walking trails a quick drive to the largest shopping center in Freeport and all local restaurants. The community also offers easy access to Hwy 331, Hwy 20 and I-10 and it's 13 Miles away from the best white sand beaches on 30A. The home has LVP flooring in the main area, carpet in the bedrooms, granite countertops, stainless appliances and private back deck backing up tall trees. Make this home yours and enjoy Florida style leaving in this beautiful community. Call to schedule your private tour today! Tenant to verify any and all information deemed important! Kitchen & Laundry appliances are included.
#1013692

Freeport

72 N Marsh Landing

3 Beds

2 Baths

1,439 Sq.Ft.

$2,300

MLS#: 1013692

Yacht Club Townhomes will feature 19 newly constructed residences thoughtfully designed for comfortable, modern living in the heart of Fort Walton Beach. This community will offer the opportunity to enjoy a brand-new home while staying close to the schools, parks, shops, restaurants, beaches, and everyday conveniences that make this welcoming beach town such an easy place to call home. Each two-story residence offers approximately 1,577 square feet of conditioned living space, with four bedrooms, two-and-a-half baths and a private attached garage. The floor plan is designed for the rhythm of everyday life, with an open kitchen and living area downstairs that creates a natural place to gather, while four bedrooms upstairs provide room for family, guests, a home office, or whatever the next chapter requires. Outside, a carefully balanced mix of lap siding, board-and-batten, brick accents and covered entries gives the homes a clean, timeless character. Inside, durable luxury vinyl plank flooring, solid-surface countertops, stained cabinetry and thoughtfully selected finishes combine style, comfort and practicality. Life at Yacht Club Townhomes is about enjoying the best parts of Fort Walton Beach: the feel of a close-knit community, the convenience of being near everything, and the relaxed pace of life that comes with living in a classic Florida beach town. New construction. An established neighborhood. A place designed to feel like home from day one.
#1013684

Fort Walton Beach

2 Seaglass Lane

4 Beds

2 Baths

1,577 Sq.Ft.

$350,000

MLS#: 1013684

Welcome home to this well-kept 3 bedroom, 1 bathroom single-family home offering comfort, convenience, and a spacious fenced yard—perfect for enjoying the Florida sunshine. With 960 square feet of thoughtfully designed living space, this home provides an easy, cozy layout ideal for everyday living. Inside, you'll find a bright living area, an efficient kitchen, and three comfortable bedrooms that offer flexibility for sleeping space, a home office, or guest accommodations. The property also includes extra storage space, giving you room for seasonal items, outdoor gear, or hobby equipment. Outside, a fully fenced backyard, great for relaxing evenings outdoors awaits you.
#1013701

Valparaiso

354 chicago Avenue

3 Beds

1 Baths

960 Sq.Ft.

$1,760

MLS#: 1013701

Nestled on a quiet cul-de-sac just minutes from the sugar-white sands of the Gulf, this beautifully updated beach cottage offers the perfect blend of coastal charm, thoughtful upgrades, and everyday comfort. Featuring three bedrooms, two bathrooms, and a desirable single-level layout, this home is ideal as a primary residence, second home, or investment opportunity. A welcoming front porch sets the tone before stepping inside to an open-concept living, dining, and kitchen area designed for effortless entertaining. The updated kitchen shines with stainless steel appliances, freshly painted white cabinetry, elegant quartz countertops, and stylish new lighting, creating a bright and inviting gathering space. The spacious primary suite serves as a relaxing retreat, complete with a walk-in closet featuring custom shelving and a private en-suite bath. Plantation shutters and abundant natural light enhance the space, while the renovated bathroom offers a quartz-topped vanity, glass-enclosed tub, and timeless tile flooring. Two additional guest bedrooms provide comfortable accommodations with generous closet space, updated lighting, and plenty of natural light. The shared guest bath has also been tastefully refreshed with quartz countertops, tile flooring, and a sleek glass tub enclosure. Throughout the home, travertine flooring, custom wood closet systems, and surround sound wiring add both style and functionality. Numerous thoughtful upgrades include a sprinkler system, filtered kitchen water faucet, garbage disposal, plumbing for a Culligan water purification system, drip irrigation, water pressure regulator, energy-efficient Carrier heat pump, and InvisiGuard window film for enhanced comfort and efficiency. Plantation shutters throughout the main living areas and primary suite complete this move-in-ready coastal retreat.
#1013704

Santa Rosa Beach

39 Dune Rosemary Court

3 Beds

2 Baths

1,478 Sq.Ft.

$999,000

MLS#: 1013704

Welcome to Shoal River Landing, a desirable community offering a neighborhood pool, cabana, sidewalks, and underground utilities. This spacious Sawyer floor plan features 5 bedrooms, 3 full bathrooms, a 2-car garage, and a covered patio perfect for enjoying your morning coffee or relaxing outdoors in the evening. Inside, wood-look EVP flooring flows throughout the main living areas, while comfortable carpet adds warmth to the bedrooms. The kitchen is designed for both everyday living and entertaining, featuring granite countertops, a large island, stainless steel appliances, a smooth-top range, built-in microwave, and walk-in pantry. Enjoy casual meals in the breakfast nook or gather with family and friends in the separate formal dining area. The private primary suite offers a relaxing retreat with a double granite vanity and spacious walk-in closet. Step outside to enjoy the covered patio or take advantage of the community amenities just around the corner. Durable Hardie exterior siding adds lasting appeal. Conveniently located near Riverside Elementary School and Shoal River Middle School, with easy access to Eglin Air Force Base, shopping, dining, and the beautiful beaches of Northwest Florida, this home offers a wonderful combination of comfort, convenience, and community living.
#1013700

Crestview

824 Otto Loop

5 Beds

3 Baths

2,575 Sq.Ft.

$409,900

MLS#: 1013700

Yacht Club Townhomes will feature 19 newly constructed residences thoughtfully designed for comfortable, modern living in the heart of Fort Walton Beach. This community will offer the opportunity to enjoy a brand-new home while staying close to the schools, parks, shops, restaurants, beaches, and everyday conveniences that make this welcoming beach town such an easy place to call home. Each two-story residence offers approximately 1,577 square feet of conditioned living space, with four bedrooms, two-and-a-half baths and a private attached garage. The floor plan is designed for the rhythm of everyday life, with an open kitchen and living area downstairs that creates a natural place to gather, while four bedrooms upstairs provide room for family, guests, a home office, or whatever the next chapter requires. Outside, a carefully balanced mix of lap siding, board-and-batten, brick accents and covered entries gives the homes a clean, timeless character. Inside, durable luxury vinyl plank flooring, solid-surface countertops, stained cabinetry and thoughtfully selected finishes combine style, comfort and practicality. Life at Yacht Club Townhomes is about enjoying the best parts of Fort Walton Beach: the feel of a close-knit community, the convenience of being near everything, and the relaxed pace of life that comes with living in a classic Florida beach town. New construction. An established neighborhood. A place designed to feel like home from day one.
#1013690

Fort Walton Beach

8 Seaglass Lane

4 Beds

2 Baths

1,577 Sq.Ft.

$350,000

MLS#: 1013690

Attention Investors! Country style, country road and a lot of property for the price! This home sits on over an acre, with 2 bedrooms and 1 bath. There is a storage barn on the lot and the expansive views of countryside are lovely. New floors and new paint would make this home shine! Seller to look at all offers, daily, so call your favorite realtor today! (All info is approximate and buyer to verify any info that is important.)
#791791

Graceville

1123 Highway 171

2 Beds

1 Baths

898 Sq.Ft.

$61,000

MLS#: 791791

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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 review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.

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