If you're searching for a townhouse in a gated community in Panama City Beach, FL, you can find 13 available options on ForRent.com. A gated community is closed off to the public by fences or walls and restricts access to residents and authorized guests. You may be granted entrance with a key fob, keycard, gate code, or even on-site security. Townhomes in gated communities are popular for renters looking for the extra security of an enclosed community or fixed entrance and exit points.