I've been to Panama City Beach before, but stayed in the area west of Pier Park in a condo. I was a little worried that this house wouldn't be as close to the "action" of PCB, since we were a group of twenty-somethings traveling to the beach for vacation and we wanted to relax and go out in the evening. The house was absolutey perfect.
Not only is the home comfortable and spacious, but the amenities are exactly what we needed. The location is great - right across the street from the beach, close to dozens of restaurants (seafood, grills, bars, sushi, and more!), close to typical touristy attractions ( mini-golf, thrill rides), only a mile or 2 from St. Andrews park and Shell Island Shuttle (both a MUST if you are visiting PCB), grocery and liquor stores, and so much more. I never had to drive more than 10 minutes to get to anything.
Also, if you're looking for nightlife this is a great stay too! There is a MASSIVE club just up the road that is kind of pricey but looked cool...the real fun was the other direction down the road at Splash Bar. It looks and feels like a dive, but you won't beat $1 DRINK NIGHT ON WEDNESDAYS...ONE DOLLAR!!
Overall it was awesome, my friends and I loved it, and we plan on renting it out again next summer. We've already decided. Too much fun and I already want to go back!