Monthly rent

$12,714

Beds

Studio

Baths

–

Sqft

5,868

Monthly rent	$12,714
Beds	Studio
Baths	–
Sqft	5,868

1 Day Ago

Location

Panama City, FL 32401, USA

Tour 5102 Northbay Drive

Contact

Steven Linahan

Beach Properties of Florida

(512) 923-5400

About 5102 Northbay Drive

Property Status: Active Prime unique location/opportunity. This is the only privately held building on FSU/GCSC campus in an ideal location within 1/4mile of port PC, naval base & both college campuses. Imagine the possibilities. Owner may consider subdividing office space but prefers to lease the entire property. Ample parking, elevator, ADA compliant and 2 handicap parking spots. Multi year lease preferred, 1 year min lease. Office Phone: (850) 972-0087 Copyright © 2025 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Source: ECARMLSFL|MLS Listing No. 942862

Zip code

32401

Type

Condo for rent

Rent trends in Panama City

studio apartments at 5102 Northbay Drive cost about 1396% more than the average rent price for studio apartments in Panama City.

Median rents as of Nov 8 2025.

Panama City

A table of studio rental data trends in Panama City
Month	Median Rent
June 2024	$900
September 2024	$900
October 2024	$743
November 2024	$725
December 2024	$841
January 2025	$875
February 2025	$962
March 2025	$990
April 2025	$1,043
May 2025	$1,135
June 2025	$1,036
July 2025	$1,147
August 2025	$1,035
September 2025	$915
October 2025	$875
November 2025	$850

Affordability calculator

Can I afford to live at Panama City?

Bedrooms

Studio

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$508,560/yr

With your selected rent-to-income ratio, you'd ideally want to make $508,560 annually to afford this studio monthly rent price of $12,714.

For more information on rent affordability, visit our rent calculator.

Schools near 5102 Northbay Drive

Points of interest for Panama City, FL 32401

Groceries

6/10

At least one supermarket within a 15-minute walk

Shopping

5/10

Several shops within walking distance

Cafes

3/10

Some cafés within walking distance

Restaurants

5/10

Some restaurants within a few minutes’ walk

Primary schools

3/10

At least one elementary school within a 30-minute walk

High schools

8/10

At least one high school within a 15-minute walk

Nightlife

2/10

Some bars within walking distance

5102 Northbay DrivePanama City, FL 32401, USA

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Schools near 5102 Northbay Drive

Rosenwald High School

Merriam Cherry Street Elementary School

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Margaret K. Leweis in Millville

St. Andrew School

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5102 Northbay Drive
Panama City, FL 32401, USA