Panama City FL Real Estate & Land for Sale

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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
787981
Type:
Land
Subdivision:
Laird Point
Lot size:
0.26 Acres
Courtesy: Northwest Florida Realty, LLC Donald West 850-596-3349
View additional info

ADDITIONAL INFORMATION

Beautiful Home-site int the desirable Laird Point. This is one of the rare lots that doesn't have any wetlands offering plenty of space to build. On the west side of the peninsula so you get the gentle breezes off the bay. Laird Point is a gated waterfront community boasting ribbon curbed streets and underground city utilities. Amenities include a tennis court, pickle ball courts and rv/boat storage. Beautiful coastal style homes throughout the community. No pre-set time to build, so you can lock in your spot now, and then build when you are ready. Great proximity to TAFB and Mexico Beach. Full-service marina with boat launch just minutes away. Schedule your visit today!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
788014
Type:
Land
Subdivision:
Glenwood Addition
Lot size:
0.13 Acres
Courtesy: Keller Williams Success Realty Will Pender 850-358-3610
View additional info

ADDITIONAL INFORMATION

Property is partially cleared. Ready for investors, contractors, and a New built home. Corner lot, minutes form downtown, St andrews. and shopiing in Central Panama city. Many new homes are being built in the area.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
787988
Type:
Land
Subdivision:
[No Recorded Subdiv]
Lot size:
10 Acres
Courtesy: Think Real Estate The Sanchez Group 850-890-6262
View additional info

ADDITIONAL INFORMATION

Come Check out 7910 Gadsden in Southport, Florida! This incredible 10-acre property offers endless opportunities, whether you're looking for a private retreat, income-producing potential, or space for your business. The 3-bedroom, 2-bathroom home sits on a serene piece of land with parcels being combined, creating even more value. A 36x40 workshop with a 12x14 roll-up door is perfect for mechanics, woodworking, storage, or running a business. Need extra space? There's also a secondary home (Just a shell), ideal for a guest house, rental, or multi-generational living. Enjoy the beauty of nature with your own pond and dock, perfect for fishing or relaxing. A separate shed provides additional storage for tools, equipment, or recreational gear. With 10 sprawling acres, the possibilities are endless—whether you dream of homesteading, expanding, or simply enjoying the peaceful surroundings. 📍 Don't miss this rare opportunity—schedule your showing today!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
787895
Type:
Land
Subdivision:
Callaway Point
Lot size:
0.25 Acres
Courtesy: Gulf Life Real Estate Inc Melea Severs 850-238-0195
View additional info

ADDITIONAL INFORMATION

Build your Elevated dream home on this exceptional water-view vacant lot overlooking the Bay in Callaway, Florida! Ideally located just one block from the water, this prime homesite offers stunning views and refreshing coastal breezes year-round. With all utilities conveniently available at the street, this property is perfectly suited for an easy and efficient build. Enjoy the best of coastal living with close proximity to Tyndall Air Force Base, as well as the sugar-white sands of Mexico Beach and Panama City Beach. The area features highly regarded schools, abundant dining options, and outdoor recreation including parks, disc golf, and world-class fishing in the Gulf. With no restrictions on vacation rentals, this property offers excellent potential as a primary residence, second home, or income-producing investment. Don't miss this opportunity to own a slice of Florida's Gulf Coast in a rapidly growing and desirable location. Bring your plans and start building your coastal dream today!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
787867
Type:
Land
Subdivision:
Cove Pointe
Lot size:
0.13 Acres
Courtesy: Think Real Estate Joshua Wade 850-867-1391
View additional info

ADDITIONAL INFORMATION

Build your dream coastal retreat at 1150 Cove Pointe Dr, a premium .199-acre homesite in the exclusive Cove Pointe community of Panama City, FL 32401. Perfectly positioned on a quiet interior lot, this property offers an ideal canvas for a custom residence surrounded by natural beauty and upscale coastal charm. Set within a boutique waterfront neighborhood along Watson Bayou, Cove Pointe is prized for its elevated homesites, picturesque oak-lined streets, and private community day dock just a short walk away--perfect for morning paddleboarding, sunset fishing, or simply enjoying life on the water. With direct access to St. Andrews Bay, the Intracoastal Waterway, and the Gulf of Mexico, this is a true haven for boating and water enthusiasts. Enjoy the convenience of being just minutes--by car or golf cart--from downtown Panama City's revitalized waterfront district, where you'll find award-winning dining, live music, art galleries, and boutique shopping. Nearby marinas, the St. Andrews Bay Yacht Club, and top-rated medical facilities add to the appeal. Cove Pointe is a rare blend of tranquility, elevation, and location--making it one of Bay County's most desirable places to build. Secure this exceptional homesite and bring your vision to life in a community where coastal heritage meets modern luxury.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
787954
Type:
Land
Subdivision:
No Named Subdivision
Lot size:
0.35 Acres
Courtesy: Beachy Beach Real Estate K. Coralee King-Denmark 850-252-5744
View additional info

ADDITIONAL INFORMATION

Previous use was a restaurant location for over 40 years. Location between an apartment and motel. On the main highway, US-98 also known as Tyndall Parkway and a short drive to TAFB, there is great visibility for any business being placed in the area. Utilities are still in place from previous business. 45,000 a day traffic count. All information to be verified by buyer.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
787837
Type:
Land
Subdivision:
[No Recorded Subdiv]
Lot size:
0.26 Acres
Courtesy: Compass Florida, LLC Erich Hardy 720-984-5125
View additional info

ADDITIONAL INFORMATION

Level and nicely prepared 1/4 acre lot. Brand new $17,000. fully permitted 1,050 gallon septic tank with drain fields that allow a home as large as 2,550 sq. ft. Pad site prepped with enough fill dirt to not require a pump and does not have an indian temple mound appearance. Chain link fenced with a dog run. Concrete pad site for a shed also.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
787787
Type:
Land
Subdivision:
Cedar Bluff Unit Two
Lot size:
0.68 Acres
Courtesy: Anchor Realty Florida Susan Morrison 850-624-9696
View additional info

ADDITIONAL INFORMATION

HARD TO FIND LOT, FAST GROWING SOUTHPORT AREA! Mobile homes allowed in this quiet neighborhood and with over 1/2 an acre with PAVED ROADS and NO REQUIRED FLOOD INSURANCE. There's plenty of space for outbuildings and storage. If you've been searching for a bargain lot, don't wait. This one will be gone soon!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
787778
Type:
Land
Subdivision:
[No Recorded Subdiv]
Lot size:
0.01 Acres
Courtesy: Keller Williams Success Realty Will Pender 850-358-3610
View additional info

ADDITIONAL INFORMATION

Go show, vacant cleared lot, ready for new construction. Time to build your 1st home, great for investor to build rental property.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
787683
Type:
Land
Subdivision:
Laird Point
Lot size:
0.43 Acres
Courtesy: Northwest Florida Realty, LLC Donald West 850-596-3349
View additional info

ADDITIONAL INFORMATION

A Beautiful home site in the desired Laird Point. An amazing water view across the marsh grass. You could build a two-story home to really capitalize on the view. Located on the west side of the peninsula so you get the breezes off East Bay. Laird Point is a gated waterfront community boasting ribbon curbed streets and underground city utilities. Amenities include a tennis court and rv/boat storage. Beautiful coastal style homes throughout the community. No pre-set time to build, so you can lock in your spot now, and then build when you are ready. Great proximity to TAFB and Mexico Beach. Full service marina with boat launch just minutes away. Schedule your visit today!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787719
Type:
Land
Subdivision:
Kings Point
Lot size:
0.52 Acres
Courtesy: Think Real Estate Olivia Sanchez 850-319-4959
View additional info

ADDITIONAL INFORMATION

Step onto your future home sight in the most centrally located area in Bay Count; Kings Point! This rare opportunity provides you with over half an acre to build your waterfront oasis and look at the most incredible sunset views from your back yard! With direct gulf access, you are just minutes from Shell island and the Pass Via boat!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787718
Type:
Land
Subdivision:
Kings Point
Lot size:
0.46 Acres
Courtesy: Think Real Estate Olivia Sanchez 850-319-4959
View additional info

ADDITIONAL INFORMATION

Step onto your future home sight in the most centrally located area in Bay Count; Kings Point! This rare opportunity provides you with almost half an acre to build your waterfront oasis and look at the most incredible sunset views from your back yard! With direct gulf access, you are just minutes from Shell island and the Pass Via boat!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787793
Type:
Land
Subdivision:
East Bay Plantation
Lot size:
0.72 Acres
Courtesy: Keller Williams Success Realty Brook Simmons 850-814-8259
View additional info

ADDITIONAL INFORMATION

Discover the perfect opportunity to build in the East Bay Plantation community in Panama City, FL. This vacant residential parcel is tucked away in a quiet, secluded neighborhood, offering privacy while still being part of a growing area. East Bay Plantation presents excellent growth and investment potential for builders, investors, or anyone looking to construct their dream home. Enjoy the peaceful setting while remaining conveniently located near shopping, dining, schools, and the beautiful waterways of Bay County. Don't miss your chance to secure a homesite in one of Panama City's up-and-coming residential communities.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787665
Type:
Land
Subdivision:
Laird Point Ph I
Lot size:
0.27 Acres
Courtesy: LPT Realty LLC John Arroyo 850-943-7777
View additional info

ADDITIONAL INFORMATION

Build Your Dream Home in a Gated Waterfront Community! Discover the perfect opportunity to create your coastal retreat on this recently cleared lot in the exclusive Laird Point community. This gated, waterfront neighborhood offers a serene and private atmosphere while providing convenient access to the water for boating and fishing enthusiasts. Located just minutes from local restaurants, shops, and Tyndall Air Force Base, Laird Point combines tranquility with convenience. The neighborhood also offers dedicated RV and boat parking, making it ideal for those seeking an outdoor lifestyle. This lot is in prime condition and ready for its new owner to build the home of their dreams. Don't miss out on this chance to own a piece of paradise on the bay!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787560
Type:
Land
Subdivision:
[No Recorded Subdiv]
Lot size:
1.24 Acres
Courtesy: CENTURY 21 Commander Realty Tonia Hathaway 850-415-2806
View additional info

ADDITIONAL INFORMATION

This property offers an excellent location to build your dream home or place a mobile home. Whether your'e looking for a place to call home or a smart investment for the future, this is a fantastic opportunity to bring your vision to life. Call today for more details.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787488
Type:
Land
Subdivision:
Callaway
Lot size:
0.7 Acres
Courtesy: ERA Neubauer Real Estate, Inc Brian Hinton 850-527-6393
View additional info

ADDITIONAL INFORMATION

Rare Opportunity to buy out-parcel on busy Tyndall Parkway, in front of the soon to be rebuilt 'Beacon Pointe North' shopping center. This will be a newly created parcel with reciprocal parking on main lot and shared retention already in place. Foundation remains previous three concept retail structure.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787449
Type:
Land
Subdivision:
[No Recorded Subdiv]
Lot size:
0.5 Acres
Courtesy: Keller Williams Success Realty Will Pender 850-358-3610
View additional info

ADDITIONAL INFORMATION

Build- Build- Build Investors- contractors- Landlords This properety is large enough for 3 homes present building has no value. small Building will be removed from property. Vacant lot next door also for sale by the owner.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787436
Type:
Land
Subdivision:
Deer Point Lake
Lot size:
1.06 Acres
Courtesy: NAI TALCOR Terry Koehn 850-851-8634
View additional info

ADDITIONAL INFORMATION

This waterfront property on Williams Bayou, connected to Deer Point Lake, is ready for your dream home. The soil has been cleared, prepped, and seeded, with a wide entrance over a tube and grass-covered slopes. The large, deep lot offers plenty of space to create the perfect waterfront retreat.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
A11989551
Type:
Land
Lot size:
5.11 Acres
Courtesy: United Realty Group Inc Damaso Medina 305-776-3951
View additional info

ADDITIONAL INFORMATION

Prime development opportunity in Panama City. This parcel allows for residential development with current zoning supporting up to 10 units per acre, with a maximum potential of approximately 51 units (subject to buyer’s verification). Additionally, the property may qualify for increased density under Florida’s Live Local Act, which can allow for significantly higher density when developing qualifying affordable or workforce housing projects, subject to local approvals and compliance requirements. The site may also be eligible for incentives under the Low-Income Housing Tax Credit (LIHTC) program, offering potential tax advantages for developers. Strategically located near key roads, employment centers, and growing residential demand, this property presents a compelling opportunity for builders and investors. Buyer to verify zoning, density, utilities, and eligibility for all incentives.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787368
Type:
Land
Subdivision:
[No Recorded Subdiv]
Lot size:
0.28 Acres
Courtesy: Barbee Beach House Realty Melissa Barbee 850-775-7600
View additional info

ADDITIONAL INFORMATION

Beautiful Pondside Lot is ready to build your new home. Located in a well-established peaceful neighborhood with NO HOA. All utilities are in place, thanks to a prior structure cleared in 2020. Seller has cleared site of underbrush making it truly ready to build. Excellent location centrally located to the Beaches, Tyndall AFB, shopping and restaurants. Don't miss this rare build-ready opportunity. Call today! Buyer to verify all information deemed important.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787199
Type:
Land
Subdivision:
No Named Subdivision
Lot size:
9.5 Acres
Courtesy: Emerald Coast Realty Group DJ Janovyak 850-235-2551
View additional info

ADDITIONAL INFORMATION

Enjoy the best of both convenience and nature with this 9.5-ACRE parcel ideally located between Sandy Creek Airpark and Eastern Shipbuilding. The property features a freshwater pond and sits less than 1/4 mile from East Bay. Surrounded by natural beauty, you'll find plenty of wildlife, including deer, right in your backyard! A great spot for a private homesite or weekend retreat.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787146
Type:
Land
Subdivision:
North Lagoon Oaks
Lot size:
0.25 Acres
Courtesy: Coldwell Banker Niceville Nick Brown 540-379-4435
View additional info

ADDITIONAL INFORMATION

Prime Vacant lot located in the desirable north lagoon oaks subdivision, less than a mile from the beach. This versatile property is zoned for single-family or duplex, making it perfect for building your dream home, a vacation getaway, or an income-producing rental. existing survey.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787077
Type:
Land
Subdivision:
Lakewood
Lot size:
0.67 Acres
Courtesy: Think Real Estate Brent Williams PA 850-276-9023
View additional info

ADDITIONAL INFORMATION

Wake up to peaceful waterfront views on Lake Martin with this rare 0.67-acre lakefront homesite in Panama City, FL. Offering direct water access, this property is ideal for building your custom home while enjoying kayaking, fishing, and quiet mornings right from your backyard. Set within an established residential area with surrounding homes already in place, this lot provides both a clear vision for future development and a sense of community, while still offering privacy and space to create your own waterfront retreat. The property features a functional layout with plenty of room for a custom home, outdoor living areas, and more. Conveniently located just minutes from Tyndall Air Force Base, shopping, dining, schools, and the waters of St. Andrew Bay, this location combines quiet lakefront living with everyday convenience. With no HOA, you will enjoy fewer restrictions and more flexibility to build. Whether you're searching for lakefront land, a waterfront homesite, or an investment opportunity in Bay County, this property offers both lifestyle appeal and long-term value. Don't miss your chance to own waterfront property on Lake Martin. Schedule your showing today.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787076
Type:
Land
Subdivision:
Gulf Lagoon Beach
Lot size:
0.29 Acres
Courtesy: Think Real Estate The Sanchez Group 850-890-6262
View additional info

ADDITIONAL INFORMATION

A rare chance to own prime Gulf-front property in one of the most desirable stretches of Panama City Beach. This cleared 0.29-acre parcel sits directly beside from public beach access #7, offering unmatched visibility, walkability, and development potential. Zoned mixed-use, the property allows for a wide range of possibilities. With no HOA restrictions, public utilities near by, and paved road access, it's a straightforward site to bring your vision to life. Whether you're a developer, investor, or visionary builder and want to bring your dream home to life, 5403 Gulf Drive is your chance to create something extraordinary on Florida's Emerald Coast.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
787174
Type:
Land
Subdivision:
No Named Subdivision
Lot size:
0.07 Acres
Courtesy: Realty Check Real Estate Services Melana Weems 850-381-0109
View additional info

ADDITIONAL INFORMATION

Ideally positioned at the intersection of Redwood Avenue and 7th Plaza, this compact parcel offers big potential for the right vision. Spanning approximately 0.068 acres (60' x 50'), this lot has been confirmed buildable by the city--making it an excellent opportunity to create a custom residence or investment property in an established neighborhood. The location is especially appealing--situated on the same street as Patterson Academy School, near Ascension Hospital, and less than half a mile from Watson Bayou and a new public boat launch featuring paved parking, trailer/boat wash facilities, and bathrooms. Enjoy convenient access to the water and outdoor recreation while still being close to everyday amenities. The property backs up to a cemetery, ensuring no rear neighbors and added privacy--an increasingly valuable feature in growing communities. Whether you're a builder, investor, or future homeowner looking for a distinctive homesite, this lot presents a compelling canvas for your next project. Address to be determined. Please verify all information for accuracy. Opportunities like this don't come around often--secure your piece of Millville today. And the price is just right!

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Andrea D. Conner, License # BK3437731, Xome Inc., License CQ1043756, [email protected], 844-400-XOME, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 Central Panhandle Association of Realtors® Multiple Listing Service, Inc. – All Rights Reserved.


Andrea D. Conner, License # BK3437731, Xome Inc., License CQ1043756, [email protected], 844-400-XOME, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. © 2026 MIAMI Association of REALTORS®, all rights reserved.




Panama City Real Estate

Panama City is located in Florida. Panama City, Florida has a population of 34,521. Panama City is less family-centric than the surrounding county with 24.07% of the households containing married families with children. The county average for households married with children is 27.71%.

The median household income in Panama City, Florida is $51,569. The median household income for the surrounding county is $60,473 compared to the national median of $69,021. The median age of people living in Panama City is 39.2 years.

Panama City Weather

The average high temperature in July is 90 degrees, with an average low temperature in January of 42 degrees. The average rainfall is approximately 59.8 inches per year, with 0 inches of snow per year.

Panama City Map

Panama City Real Estate Market Conditions

  • Median sales price

    $299,900
    25%
    change since last quarter
  • # Active listings

    1,680
    30-day change

Panama City Schools and Demographics

Education near Panama City, FL

City County
High School Graduates 89.29 90.08
College Degree - 2 year 10.58 11.67
College Degree - 4 year 26.75 25.6
Graduate Degree 7.18 6.91
Expenditures per Student 13,432 13,432
Students per Teacher 18.3 18.3

Elementary Schools near Panama City, FL

Grades Students P/T Ratio ZIP
Bay Haven Charter Academy KG - 05 690 15.7 32405
Callaway Elementary School PK - 05 523 14.5 32404
Cedar Grove Elementary School PK - 05 473 11 32405
Deer Point Elementary School PK - 05 718 14.1 32404
Hiland Park Elementary School PK - 05 837 14.9 32405
Hutchison Beach Elementary School PK - 05 721 13.9 32407
Lucille Moore Elementary School PK - 05 557 10.9 32405
Lynn Haven Elementary School PK - 05 775 15.2 32444
Merriam Cherry Street Elementary School PK - 05 403 14.9 32401
North Bay Haven Charter Academy Elementary School KG - 05 669 15.2 32401
Northside Elementary School PK - 05 694 15.4 32405
Oakland Terrace School for the Visual and Performing Arts PK - 05 359 10.3 32401
Oscar Patterson Elementary Magnet PK - 05 379 11.5 32401
Parker Elementary School PK - 05 630 15.8 32404
Patronis Elementary School PK - 05 852 14.7 32408
Rising Leaders Academy KG - 06 102 9.3 32405
Springfield Elementary School PK - 05 477 10.8 32401
Tommy Smith Elementary School PK - 05 720 16 32404
Tyndall Elementary School PK - 05 790 14.4 32403
University Academy (Sabl, Inc.) KG - 05 303 16.8 32405

Middle Schools near Panama City, FL

Grades Students P/T Ratio ZIP
Bay Haven Charter Middle School 06 - 08 516 19.9 32405
Everitt Middle School 06 - 08 608 13.8 32401
Jinks Middle School 06 - 08 572 13.3 32401
Merritt Brown Middle School 06 - 08 727 14.8 32404
Mowat Middle School 06 - 08 1,017 16.7 32444
Newpoint Middle School 06 - 08 188 18.8 32405
North Bay Haven Charter Academy Middle School 06 - 08 478 19.9 32404

High Schools near Panama City, FL

Grades Students P/T Ratio ZIP
A. Crawford Mosley High School 09 - 12 1,687 20.1 32444
Bay High School 09 - 12 1,365 19.5 32401
Newpoint Bay Charter High School 09 - 12 125 25 32405
North Bay Haven Career Academy 09 - 12 610 17.4 32404
Rutherford High School 09 - 12 1,188 19.2 32401

Ungraded Schools near Panama City, FL

Grades Students P/T Ratio ZIP
* Rosenwald High School 08 - 12 246 11.7 32401
Bay Virtual Franchise 06 - 12 50 32401
Bay Virtual Instruction (Course Offerings) 06 - 12 28 32401
Bay Virtual Instruction Program KG - 12 54 32401
Deane Bozeman School PK - 12 1,154 15.2 32409
Exceptional Student Education PK - 12 0 32401
Margaret K. Lewis in Millville PK - 12 136 5 32401
New Horizons Learning Center 06 - 12 118 5.6 32405
Panama City Marine Institute 06 - 12 95 32401
Tom P. Haney Vocational Technical Center AE - AE 0 32405

Demographics near Panama City, FL

City County
Neighborhood Type Suburban
Population 34,521 181,384
Population Density 986 239
Median Age 39.2 40.8
People per Household 2.3 2.5
Median Household Income 51,569 60,473
Average Income per Capita 30,862 32,312

Real estate near Panama City