Aqua
Condos for Sale in Panama City Beach, FL
All 733 homes for sale in Panama City Beach, FL · median $368,500 · 696 condos for sale in Panama City Beach · 395 homes for sale in 32407 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of October 2026, Aqua in Panama City Beach, FL has 13 homes for sale and 3 pending, asking from $579,000 to $1,190,000 (median $734,000). Over the 12 months ending 2026-09-20, 5 recorded sales closed at a median of $910,000, a median 109 days on market, sellers accepting 91% of original asking (+43% versus the prior year). Homes listed or recently sold were built 2007–2007; 16 of 16 report an HOA (median $776/mo); 14 of the 16 geocoded homes sit in a FEMA special flood hazard zone (median elevation 21 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $11,170 ($10,690 with the full homestead exemption).
Last 30 days in Aqua: 1 new listing (median asking $1,149,500), 3 under contract right now. As of October 17, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Aqua
Live MLS inventory for Aqua. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Aqua listings as of 2026-10-17, priced high to low. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Aqua's numbers describe a market that is holding value rather than chasing it. The median price sits at $637,500 with no year-over-year movement, and homes are taking roughly 100 days to close — a pace that rewards patience over urgency on both sides of a transaction.
With only 8 closings in the current window, this is a thin-data community: a single high or low sale can shift the median meaningfully. Treat the price point as a directional signal, not a precise valuation, and lean on comparable-unit specifics rather than the community average when pricing or offering.
Aqua right now
🟢 Still climbing. The trailing-12-month median ($910K) is up 42.7% from the prior 12 months ($638K) and up 132% since 2012. With about 25 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Low (5 and 8 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 18, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Aqua market snapshot (as of September 20, 2026): the median sale price is about $910K, and a median 109 days on market for closed sales. The trailing-12-month median is up 43% from the prior 12 months and up 132% since 2012, computed from record-level CPAR MLS closed sales (5 closings in the current window).
In ZIP 32407 (Panama City Beach), 1,458 homes closed in the last 12 months at a median of $398K ($183/sq ft), down 1.6% year over year, with a median 80 days on market. Right now 1,101 active and 151 pending listings put supply at about 6.7 months — a buyer's market. See the live ZIP 32407 housing market and the Bay County market.
CPAR sales records identify 30 homes in Aqua that have changed hands since 2007, built between 2007 and 2007 (median 2007), with a median living area of about 1,368 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Flood zones in Aqua: of 10 listing addresses checked against the FEMA National Flood Hazard Layer, 100% are in a V-series coastal high-hazard zone. Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City Beach.
Aqua is a Panama City Beach community in Bay County where prices have climbed 63% since 2012, but the current market heat score of 25 signals a slow, buyer-patient stretch rather than competitive bidding.
The setting & the homes.
Aerial and on-site photos of Aqua. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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AquaPhotos from CPAR MLS listings in Aqua; content deemed reliable but not guaranteed.
Who Aqua is best for.
Best for
- Buyers who can move without a deadline and want negotiating room built into the timeline
- Buyers focused on long-term hold potential who are comfortable with a flat year-over-year snapshot
- Buyers willing to verify unit-level features and amenities directly rather than rely on community-wide claims
Probably not for
- Buyers who need a fast close in a low-heat, 100-day-average market
- Buyers who want a large comparable-sales pool to lean on before pricing an offer
- Buyers who require confirmed on-site amenities as a condition of the purchase
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($910K) IS the median in the snapshot above, and the move from 2025 ($638K) IS the +42.7% one-year change.
Windows contain 5 to 65 sales each (5 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
19% of homes for sale in Aqua are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-18).
Aqua Market Scorecard
Aqua is currently a balanced market., a median asking price of $714,500, and homes go under contract in about 178 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: CPAR MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Aqua on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from CPAR MLS. Map data © OpenStreetMap contributors.
The Aqua buying strategy.
If we were buying in Aqua today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Aqua.
A market priced on condition, not competition
A market heat score of 25 combined with a 100-day median days-on-market tells the real story here: listings are not moving on urgency, they are moving on merit. Buyers have room to inspect, negotiate, and wait for the right unit rather than compete for the first one available.
The long-run appreciation figure — up 63% since 2012 — shows this is not a community that has stalled, it is one that has simply leveled off after a sustained run. Flat year-over-year pricing at this stage reads as consolidation, not weakness. No community amenities are listed in current MLS data, so any recreational or building features should be verified unit-by-unit rather than assumed from the community name.
The location and the amenities are priced into every listing in Aqua. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Aqua buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (7.5). Basis: Long-Term Appreciation +132% since 2012; Recent Direction +42.7% year-over-year; Pricing Power 91.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
With only 8 closings feeding the current snapshot and no amenities confirmed in MLS records, this is a community where the fine print matters more than the headline number. We pull the actual comparable sales, verify what each listing does and does not include, and price against real closed data instead of a thin, easily-skewed average.
Aqua in 15 seconds.
What it really costs to own in Aqua Condos for Sale
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $7,799/yr across 22 listings here (MLS tax records, 2026-10-18). |
|---|---|
| HOA dues | Median $776/month across 801 MLS listings (most billed monthly; 2026-10-15). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| Home and flood insurance | The average Citizens Property Insurance premium in Bay County is $1,928/yr (1,264 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. Flood: of 10 listing addresses checked against the FEMA flood map, 0% sit outside the high-risk zone and 100% inside one, where flood insurance is required with a federally backed mortgage. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes). |
| Roof and age | Median build year 2007 across 32 listings. An original roof here would be about 19 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Estimated carrying cost at the median asking price, before the mortgage: about $1,587/month (tax $650, HOA $776, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Aqua Condos for Sale
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Aqua Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Aqua Condos for Sale will answer, and the answer is published on this page for the next buyer.
HOA, CDD & Fees
- HOA dues reported around $776/month (about $9,312/yr) · median of 801 MLS listings, most billed monthly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $776 per month ($9,312 a year) — the median AssociationFee across 801 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Flood & Insurance Context
Of 10 sampled listing addresses in this community: 100% in a V-series coastal high-hazard zone.
Address-sampled; individual parcels vary - verify any specific address at msc.fema.gov. Check any address at FEMA's Flood Map Service Center, and see average home-insurance costs by Florida county.
Source: FEMA National Flood Hazard Layer, address-level lookups (n=10) · as of 2026-10
Tools for a Aqua buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Aqua sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Aqua, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Aqua home worth?
Get a no-obligation home value based on real comparable sales in Aqua, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Panama City Beach →
Recently off market in Aqua
Homes in Aqua that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 5 on record.
- 15625 Front Beach Road 1003 · off market
- 15625 Front Beach Road 1602 · off market
- 15625 Front Beach Road 2005 · off market
- 15625 Front Beach Road 2011 · off market
- 15625 Front Beach Road 904 · off market
| Location | Panama City Beach, Bay County, FL · ZIP 32407, 32413 |
|---|---|
| Home types (current listings and sales) | condos 100% |
| Sale prices, last 12 months | $910,000 median across 5 closed sales · +42.7% vs the prior 12 months |
| Days on market (closed sales) | 109 median |
| For sale right now | 16 active, 3 pending · median asking $714,500 |
Data as of September 20, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Market figures describe homes, not residents. Cite as: Momentum Realty, “Aqua key facts,” movewithmomentum.com/neighborhoods/aqua--bay, data as of September 20, 2026.
Housing distress & ownership in Aqua, Panama City Beach
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Just listed in Aqua
The newest homes for sale in Aqua right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 15625 Front Beach Road 803, Panama City Beach, FL 32413 $1,149,500 · 3 bd · 3 ba · 2 days on market Courtesy of Hilltop Legacy Realty
- 15625 Front Beach Road 1410, Panama City Beach, FL 32413 $584,000 · 1 bd · 2 ba · 38 days on market Courtesy of Berkshire Hathaway HomeServices Beach Properties of Florida
- 15625 Front Beach Road 1002, Panama City Beach, FL 32413 $1,149,000 · 3 bd · 3 ba · 45 days on market Courtesy of Think Real Estate
- 15625 Front Beach Road 1603, Panama City Beach, FL 32413 $1,190,000 · 3 bd · 3 ba · 53 days on market Courtesy of MJH Real Estate Brokerage, LLC
- 15625 Front Beach Road 2305, Panama City Beach, FL 32413 $675,000 · 2 bd · 2 ba · 53 days on market Courtesy of On The Coast Real Estate Group
- 15625 Front Beach Road 111, Panama City Beach, FL 32413 $775,000 · 2 bd · 2 ba · 56 days on market Courtesy of Think Real Estate
Checked against the MLS Oct 18, 2026. All new listings in this market.
More Panama City Beach home searches
- All homes for sale in Panama City Beach, FL
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- Homes under $300K in Panama City Beach
- Homes from $300K to $500K in Panama City Beach
- 4-bedroom homes for sale in Panama City Beach
- Panama City Beach home values: what is my house worth?
- ZIP 32407 housing scorecard
- 3 coming-soon communities in Bay County
Recent Developments in Aqua Bay
Development, infrastructure, retail, and school activity affecting Aqua Bay, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- September 2026Retail & Dining
Panama City meets Houston developer interested in part of Panama City Mall site
Panama City officials met a Houston developer interested in buying a portion of the largely vacant Panama City Mall, owned by Hendon Properties, with a retail focus. Discussions covered rezoning, possible CRA participation and plan submittal. The mayor called the FDOT US 231 widening, planned to six lanes from US 98 to SR 20, the biggest holdup.
What it may mean for the marketPossible retail redevelopment of a large vacant site could add shopping options near the US 231 corridor, with timing tied to road widening and rezoning. The project is about 13 miles east of Aqua Bay, elsewhere in Bay County.
Source: WJHG - September 2026Development
Panama City Beach council upholds approval of Palmhaven development on Front Beach Road
The Panama City Beach City Council voted to uphold the Planning Board approval of Palmhaven, about 160 homes by Fischer Homes at 12610 Front Beach Road, with added conditions. The developer must build a multi-use trail, public park area and 40 public golf cart parking spaces, and a final development order is required before construction.
What it may mean for the marketAdds roughly 160 homes of new housing supply on the west Front Beach Road corridor, along with a new public park, trail and parking amenities. The site is about 5 miles east of Aqua Bay.
Source: WJHG - August 2026Infrastructure
HCA Florida Gulf Coast Hospital announces $125 million expansion
HCA Florida Gulf Coast Hospital announced a $125 million expansion on its 23rd Street campus, including a new patient tower with 34 additional beds, a 16-bed orthopedic and spine unit, a fourth cath lab, an expanded women's center and a 5,000-square-foot outpatient entrance expansion. The project is in design, with construction of 24 to 36 months and completion targeted for 2029.
What it may mean for the marketAdded hospital capacity and specialty services would improve local healthcare access and add medical-sector employment along the 23rd Street corridor. The project is about 12 miles east of Aqua Bay, elsewhere in Bay County.
Source: WJHG - July 2026Parks & Amenities
Panama City Beach approves $1.25 million to rehabilitate Conservation Park boardwalks
The Panama City Beach city council approved a budget of $1.25 million to rehabilitate more than one mile of boardwalks at Conservation Park. The funding covers rehabilitation of the park's boardwalk system.
What it may mean for the marketInvestment in Conservation Park boardwalks upgrades a recreational amenity in Panama City Beach. The project is about 7 miles north of Aqua Bay, elsewhere in Bay County.
Source: WJHG News Channel 7 - June 2026Retail & Dining
New retailers open at Watersound Town Center as construction continues
Watersound Town Center in the Panama City Beach area reported new store openings including FP Movement, Hemline, Monkee's, and Sunset Shoes and Lifestyles, with Johnnie-O expected later in the summer. St. Joe said two additional buildings are planned to break ground this year at the center.
What it may mean for the marketGrowing retail and dining space plus additional buildings expand the commercial center along the State Road 79 corridor. The project is about 13 miles northwest of Aqua Bay, elsewhere in Bay County.
Source: The St. Joe Company - June 2026Infrastructure
Panama City moves downtown marina slip construction to bid, ends City Marina Partners deal
Panama City put the first 50 boat slips at the Downtown Marina out for contractor bids, with construction expected to begin shortly after a contract is awarded and the bid window closing June 16. Commissioners also ended their working relationship with City Marina Partners and budgeted payment for work already completed.
What it may mean for the marketProgress on downtown marina slip construction advances waterfront infrastructure in the Panama City core. The project is about 13 miles east of Aqua Bay, elsewhere in Bay County.
Source: WJHG News Channel 7
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in Aqua?
How long do homes in Aqua take to sell?
Have Aqua home prices gone up?
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Can Momentum Realty connect me with an agent for Aqua?
Where is Aqua, and what county is it in?
Should you buy in Aqua?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: October 17, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (297 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of CPAR MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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Nearby Communities
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- Home values · What homes in Aqua Condos for Sale in Panama City Beach actually sell for