Venture Out Homes for Sale in Panama City Beach
A gated waterfront community of coastal cottages and homes on 100 acres at the far east end of Panama City Beach, next to St. Andrews State Park and Grand Lagoon.
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Venture Out Homes Currently for Sale
5 homes are currently for sale at Venture Out, priced from $295,000 to $725,000.
Opportunity
Brokerage: Century 21 AllPoints Realty, licensed real estate broker.
About Venture Out
Venture Out sits at 4345 Thomas Drive, on the far east end of Panama City Beach, right next to St. Andrews State Park and Grand Lagoon — one of the last stretches of the beach before the state park takes over. Bay County renamed the lower-numbered stretch of this same road Navy Boulevard in 2025, but the segment out here by the park kept the Thomas Drive name, so that's still what you'll see on signage and mail at this address. The community started in 1970 as an RV resort, and while a handful of RV sites remain, Venture Out has grown into something different: 735 individually-owned sites that are now mostly coastal cottages and homes, with residents holding fee-simple title to their own lot while sharing the community's amenities through a condominium association.
How Ownership Works Here
That ownership structure is worth understanding before you shop here — you own your specific site outright, but common areas (300 feet of private beach, two pools, the clubhouse, boat ramp, fishing docks, tennis courts, and marina access) are governed collectively, similar to how a condo association works even though what you're buying is a standalone cottage or home on its own lot. It's a different setup than a typical single-family neighborhood, and different from Bay Point's HOA structure too — but it comes with beach access and amenities that a lot of standalone homes in this area don't have.
What to Know About Buying at Venture Out
Because of the fee-simple-lot-plus-association structure, ask specifically about the association's rules, dues, and any restrictions tied to the property before you make an offer — this isn't a standard HOA and the details matter more here than at most communities on this site. If you're looking at one of the remaining RV sites rather than a built cottage or home, confirm current zoning/use rules directly, since the community's mix has shifted heavily toward residential over the decades. Boat and marina access is a real draw for buyers here — if that's part of why you're looking at Venture Out, confirm dock/slip availability and any waitlist before you commit.