Find the best home deals for sale in Panama City, FL, right now on Foreclosure.com at drastically reduced prices. We currently have 15 of the best real estate bargains in Panama City, FL, in ”as-is, where-is" condition. These are discounted opportunities to buy a house in Panama City, FL for much less than current market value. As with any potential fixer upper in Panama City, FL you may (but not always) need to use some of the money you save at closing to make a few repairs and/or home renovations.
Panama City is a city and the county seat of Bay County, Florida, United States. Located along U.S. Route 98, it is the largest city between Tallahassee and Pensacola. It is the more populated of two principal cities of the Panama City-Lynn Haven, Florida Metropolitan Statistical Area. As of the 2010 census, the population was 36,484. The city was extensively damaged when Hurricane Michael made landfall as a Category 5 hurricane on October 10, 2018.
The development in this once unincorporated part of Northwest Florida had previous names such as Floriopolis, Park Resort, and Harrison. In 1906, the development was named Panama City and it was first incorporated as Panama City in 1909. According to the Panama City Public Library's A History of Panama City, George Mortimer West hoped to spur real estate development in Bay County during a period of intense popular interest in the construction of the Panama Canal by changing the town's name from Harrison to Panama City, because a straight line between Chicago and the capital of the Central American country of Panama intersected the Florida town. Additionally, since required meanders around land formations in a seaborne route to the canal added distance when starting at other ports, Panama City was the closest developed port in the US mainland to the Caribbean entrance of the Panama Canal.
As of the census of 2010, there were 36,484 people, 14,792 households, and 8,613 families residing in the city.
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