926 Pitts Ave, Panama City, FL 32404

UNDER CONTRACT WITH CONTINGENCIES; SELLER ACCEPTING BACKUP OFFERS. One of the best-priced bayfront properties with direct Gulf access in Bay County, this beautifully updated three-story East Bay townhome delivers deep-water access, stunning views, and exceptional versatility--including a fully independent 1 bed / 1 bath ground-floor apartment. Whether you're seeking a primary residence, second home, VRBO/Airbnb investment, or a live-upstairs/rent-downstairs setup, this property checks every box. NO HOA. SHORT TERM RENTAL ARE ALLOWED! Located just 5.5 miles from Tyndall AFB and minutes from Sacred Heart Hospital, this home offers convenience paired with true Old Florida charm. The exposed beam ceilings create a warm, heritage feel, while numerous modern upgrades make the home move-in ready. Recent improvements include a brand-new seawall, new porch decking, new fencing, new windows on the 3rd floor and master suite, new LVP flooring, new cabinets with quartz countertops, new bathroom tile, a newer metal roof, a 5-year-old HVAC, and a 3-year-old water heater. Step inside the main level and enjoy a spacious great room and kitchen that open to a 22' x 10' covered waterfront balcony--perfect for hosting, relaxing, and taking in the breathtaking sunsets over East Bay. The middle level features the master suite with its own private 22' x 10' balcony, offering peaceful sunrise and sunset views. This floor also includes a large guest bedroom capable of accommodating two beds, along with a full guest bath. The ground-floor apartment is a standout feature: a complete 1 bed / 1 bath unit with full kitchen, separate entrance, and its own A/C. It functions as a true lockout unit, ideal for rental income, guests, or multigenerational living. The occupant can enter through the backyard and walk around the side of the home to their vehicle without accessing the main residence. Every floor of this home offers beautiful bay views. Step outside to your private beach with seawall, just steps from your door. Ownership also includes 1/11 interest in the 90+ ft ''Pitts Row'' dock, where you can park your boat, jet skis, or other watercraft--or build your own private dock if desired. With deep water and easy access to East Bay, Shell Island, and the Gulf of Mexico, this is a boater's dream. This rare waterfront opportunity blends charm, upgrades, income potential, and unbeatable access to the Gulf. Schedule your showing today and experience the best of East Bay living.