Panama City named as Money Magazine 2.0 as the Number 1 best place to invest.

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A small city needs one of two things to jack up housing demand: more people or wealthier people. Unlike the rest of Florida, Panama City hasn't really attracted either, mainly because it's isolated on Florida's panhandle.

The interstate highway system bypasses it, and the runway at the local airport isn't long enough to support anything beyond regional jets. But now Panama City is poised to host big airliners, more visitors - and a lot more buyers.

State and local governments and a top regional developer, St. Joe Co., are planning to build a new airport by 2008 at a cost of more than $300 million. Locals expect the new facility to open up the region the way Southwest Florida International Airport in Fort Myers helped drive a housing boom along Florida's southwestern coast in the 1980s.

"Panama City is an economy waiting to break out," says Steven Cochrane, chief regional economist for Moody's Economy.com. Other factors increasing demand: Property prices are still low by Florida standards, and the local market has already absorbed a price correction after peaking last year.

Two-bedroom beachfront condos are going for as little as $330,000 - down by more than $100,000 from 2005.

Details 483071, EMERALD POINTE RESORT, #146, PANAMA CITY BEACH, FL - $98,900.00
Details 485320, EMERALD POINTE RESORT, #265, PANAMA CITY BEACH, FL - $129,900.00
Details 452002, LONG BEACH TOWERS, #607E, PANAMA CITY BEACH, FL - $165,000.00
Details 489045, EDGEWATER GOLF VILLAS 1, #411, PANAMA CITY, FL - $197,500.00
Details 489419, VILLAS AT SUNCREST, #206, PANAMA CITY BEACH, FL - $201,900.00
Details 489434, VILLAS AT SUNCREST, #201, PANAMA CITY BEACH, FL - $201,900.00
Details 448867, GRAND LAGOON COVE, #55, PANAMA CITY BEACH, FL - $209,000.00
Details 489710, VILLAS AT SUNCREST, #104, PANAMA CITY BEACH, FL - $231,900.00
Details 480851, SEYCHELLES CONDO, #1807, PANAMA CITY, FL - $233,900.00
Details 483283, TIDEWATER BEACH STAGE 2, #1718, WEST PANAMA CITY BEACH, FL - $235,000.00
Details 489730, VILLAS AT SUNCREST, #204, PANAMA CITY BEACH, FL - $236,900.00
Details 489719, VILLAS AT SUNCREST, #203, PANAMA CITY BEACH, FL - $236,900.00
Details 491454, TIDEWATER BEACH STAGE 2, #2618, WEST PANAMA CITY BEACH, FL - $239,900.00
Details 489746, VILLAS AT SUNCREST, #202, PANAMA CITY BEACH, FL - $241,900.00
Details 489754, VILLAS AT SUNCREST, #305, PANAMA CITY BEACH, FL - $246,900.00
Details 491302, HIBISCUS BY THE BAY, #605, PANAMA CITY BEACH, FL - $249,000.00
Details 487923, MAJESTIC BEACH TOWERS I, #706, PANAMA CITY BEACH, FL - $260,300.00
Details 469743, TROPICAL WAVES, #5, PANAMA CITY BEACH, FL - $274,240.00
Details 480459, MAJESTIC BEACH TOWERS I, #1913, PANAMA CITY BEACH, FL - $285,000.00
Details 482328, CALYPSO RESORT & TOWERS, #1005W, PANAMA CITY BEACH, FL - $299,000.00
Details 486156, SHORES OF PANAMA, #1808, PANAMA CITY, FL - $299,700.00
Details 488115, TIDEWATER BEACH STAGE 2, #1215, PANAMA CITY BEACH, FL - $305,000.00
Details 490533, EDGEWATER GOLF VILLAS 3A CONDO, #801, PANAMA CITY BEACH, FL - $309,700.00
Details 459581, OCEAN VILLA, #2003, PANAMA CITY BEACH, FL - $320,700.00
Details 472696, EDGEWATER GOLF VILLAS 2A CONDO, #609, PANAMA CITY, FL - $329,000.00
Details 491514, TWIN PALMS, #804, PANAMA CITY BEACH, FL - $329,900.00
Details 481981, STERLING REEF, #803B, PANAMA CITY BEACH, FL - $330,000.00
Details 397435, SPLASH, A STERLING RESORT, #1903E, PANAMA CITY BEACH, FL - $334,000.00
Details 460013, TWIN PALMS RESORT, #2004, PANAMA CITY BEACH, FL - $335,000.00
Details 482203, STERLING REEF, #303, PANAMA CITY BEACH, FL - $339,900.00
Details 483344, OCEAN VILLA, #2203, PANAMA CITY BEACH, FL - $341,000.00
Details 474107, LAKETOWN WHARF, #427, PANAMA CITY BEACH, FL - $349,770.00
Details 491749, AQUA, #1906, PANAMA CITY BEACH, FL - $354,900.00
Details 466264, SUNRISE BEACH, #1905, PANAMA CITY BEACH, FL - $359,000.00
Details 459192, SHORES OF PANAMA, #1913C, PANAMA CITY, FL - $360,000.00
Details 491990, GRANDVIEW EAST, #1102, PANAMA CITY BEACH, FL - $369,000.00
Details 492644, SUNRISE BEACH, #908, PANAMA CITY BEACH, FL - $369,700.00
Details 491649, MAJESTIC BEACH TOWERS II, #902, PANAMA CITY BEACH, FL - $374,900.00
Details 484731, SUNRISE BEACH, #1608, PANAMA CITY BEACH, FL - $379,000.00
Details 484851, MAJESTIC BEACH TOWERS II, #1104, PANAMA CITY BEACH, FL - $383,000.00
Details 489472, OCEAN VILLA, #305, PANAMA CITY BEACH, FL - $389,000.00
Details 486118, OCEAN RITZ, #1002, PANAMA CITY BEACH, FL - $389,900.00
Details 480911, CALYPSO TOWERS II, #1105 W, PANAMA CITY BEACH, FL - $395,000.00
Details 445333, SUNRISE BEACH, #1509, PANAMA CITY BEACH, FL - $499,000.00
Details 483452, AQUA, #804, PANAMA CITY BEACH, FL - $499,000.00
Details 489555, TIDEWATER BEACH STAGE 1, #1502, PANAMA CITY BEACH, FL - $524,900.00
Details 465027, MAJESTIC BEACH TOWERS II, #1401, PANAMA CITY BEACH, FL - $528,900.00
Details 489493, AQUA, #2205, PANAMA CITY BEACH, FL - $559,900.00
Details 481664, HIBISCUS BY THE BAY, #1001T, PANAMA CITY BEACH, FL - $595,000.00
Details 414229, GRANDVIEW EAST, #1401, PANAMA CITY BEACH, FL - $610,000.00
Details 481379, STERLING BREEZE, #2204, PANAMA CITY BEACH, FL - $699,900.00

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