Panama Real Estate

Panama Real Estate

Welcome to Panama, a vibrant subdivision nestled in the heart of Tampa, Florida, within the enchanting Hillsborough County. This charming community offers a delightful blend of suburban tranquility and urban convenience, making it an ideal destination for families, professionals, and retirees alike.

Panama boasts a variety of beautifully designed homes that cater to diverse lifestyles and preferences. Whether you’re seeking a cozy single-family residence or a modern townhome, this subdivision has something for everyone. The lush landscaping and well-maintained properties create an inviting atmosphere, perfect for those who appreciate the beauty of their surroundings.

Residents of Panama enjoy easy access to a wealth of amenities and recreational opportunities. The nearby parks and nature reserves provide ample space for outdoor activities, from leisurely strolls to invigorating hikes. Families will appreciate the proximity to top-rated schools, ensuring that children receive a quality education within a supportive community.

For those who crave the excitement of city life, downtown Tampa is just a short drive away. Here, you’ll find a rich tapestry of dining, shopping, and entertainment options, along with cultural attractions that showcase the area's vibrant arts scene. Whether you’re indulging in a gourmet meal or catching a thrilling sporting event, Tampa has something to satisfy every taste.

In Panama, you’re not just buying a home; you’re investing in a lifestyle filled with opportunities for connection, growth, and enjoyment. Discover the charm of this beautiful subdivision and experience the best that Tampa has to offer. Welcome home!

Newest Listings in Panama

$300,000
4 Beds ⋅ 2 Baths ⋅ Panama SubDv. ⋅ 33605 Zip Code
This spacious 4 bedroom, 2 bath home in historic V.M. Ybor district has 10 ft ceilings. Master bedroom has private bathroom and walk-in closet. The other three bedroom are spacious. Complete renovation was done in 2002. Kitchen has stainless steel appliances; home has central air conditioning and heating. You can move right in or update rooms to your liking. This home has a large front porch facing beautiful Cascaden Park. It also has a large back yard with a high yield Avocado tree and a lime tree! House needs some work especially the back yard. Price is very negotiable due to work needed. This is a great property for DIY'ers or Landlord. House passed 4-point inspection five years ago for insurance; New roof installed 4 years ago. Central Heat and Air Conditioning works great. Next door, a brand new home is being built. For Landlords, the Rent Zestimate is $3183 the last time I looked offering over a 9% cap rate with high appreciation potential. Close to Alma De Cuba club and La Secunda Bakery. Close to downtown.

1410 E 21st Avenue, Tampa
$219,000
2 Beds ⋅ 2 Baths ⋅ Panama SubDv. ⋅ 33605 Zip Code
Excellent investment opportunity! This well-located duplex sits on a spacious corner lot in a highly desirable area just minutes from downtown. Each unit offers strong potential, making it ideal for investors or owner-occupants looking to offset their mortgage with rental income. Prime location with excellent income potential.From

1401 E 24th Avenue, Tampa
$309,000
2 Beds ⋅ 2 Baths ⋅ Panama SubDv. ⋅ 33605 Zip Code
Located in the heart of Historic Ybor City, this charming bungalow offers exceptional flexibility for both owner-occupants and investors. Just minutes from downtown Tampa, major interstates, Hillsborough Community College, local parks, restaurants, and Ybor's vibrant entertainment district, the location places some of Tampa's best amenities right at your doorstep. The main residence feels larger than its footprint, featuring an efficient, open layout with luxury vinyl flooring throughout, two spacious bedrooms, and one-and-a-half baths. The primary suite includes a private half bath and custom closet, while the full bathroom is appointed with a contemporary double-sink vanity. The updated kitchen offers modern cabinetry, newer appliances, and ample storage, creating a functional space for everyday living. Fresh interior and exterior paint add to the home's clean, move-in-ready appeal. A detached accessory structure provides additional versatility with a private bedroom, full bath, kitchenette, and separate split-system air conditioning—ideal for guests, a home office, creative studio, or income-producing opportunity. This property presents an attractive opportunity for those seeking a turnkey investment, a primary residence, or both. Additional features include replacement windows (2017), air conditioning (2016), water heater (2018), and a durable metal roof, offering long-term peace of mind. With inviting curb appeal, a welcoming front porch, and a location that continues to see strong demand, this Ybor City property offers endless potential in one of Tampa's most historic and dynamic neighborhoods.

1406 E 23rd Avenue, Tampa
$215,000
2 Beds ⋅ 1 Baths ⋅ Panama SubDv. ⋅ 33605 Zip Code
Welcome to this charming bungalow-style corner home located in one of Tampa’s fastest-growing areas. This property features soaring ceilings, a spacious fenced backyard with extended parking, and a brand-new 2025 metal roof. Currently tenant-occupied with a Section 8 lease at $1,500/month through September 2026, offering immediate cash flow with flexibility for the new owner to renew, increase rents, or explore other opportunities including Airbnb. No HOA, no CDD, and no flood zone. Conveniently located 2 miles from Downtown Tampa, Ybor, Riverwalk, Armature Works, I-4, I-275, and the new Gasworx development. Whether you’re an investor or future homeowner, this is a prime opportunity that won’t last long! One or more photo(s) has been virtually staged.

1301 E 26th Avenue, Tampa
$220,000
3 Beds ⋅ 1 Baths ⋅ Panama SubDv. ⋅ 33605 Zip Code
Virtually Staged. Buyer financing fell through! Their loss is your gain! Welcome to this charming bungalow-style home featuring soaring ceilings, updated quartz countertops, tile flooring throughout, and a versatile bonus room. Major updates include a NEW 2026 ROOF and A/C only 5 years old. Enjoy a spacious fenced backyard with extended parking, no HOA, no CDD, and no flood zone. Conveniently located just minutes from Downtown Tampa, Ybor, Riverwalk, Armature Works, I-4, and I-275. Perfect for a first-time buyer, investor, or Airbnb opportunity. Currently occupied by a month-to-month tenant, giving the next owner flexibility to continue renting, renovate, Airbnb, or move in. This deal won’t last long, schedule your private showing today! One or more photo(s) has been virtually staged.

1303 E 26th Avenue, Tampa
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