Candlewick Acres
Homes for Sale in Panama City, FL
All 253 homes for sale in Panama City, FL · median $349,900 · 119 homes for sale in 32405 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $525,000, a median 21 days on market, sellers accepting 96% of original asking (+8% versus the prior year). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $6,450 ($5,960 with the full homestead exemption).
Candlewick Acres is a condition-and-size story more than a location story. With a median just over 2,597 square feet and homes built across a wide span from 1985 to 2022, what a house actually sells for here depends heavily on how updated it is and where in that build range it falls. The single number to anchor on is the $525,000 median; treat everything above or below that as a function of finishes, systems, and square footage rather than a fixed tier.
The market posture right now favors prepared sellers and decisive buyers. A median of 21 days on market is quick, and prices are up 8.2% year over year, so overpricing a dated home won't be rescued by a slow, patient market. For buyers, that means well-presented listings move; for sellers, it means condition work done before listing tends to be rewarded in both speed and price.
Candlewick Acres right now
🟢 Still climbing. The trailing-12-month median ($525K) is up 8.2% from the prior 12 months ($485K). With about 4 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 (3 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 16, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Nearby homes for sale
No active listings inside Candlewick AcresHomes for Sale in Panama City, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Candlewick Acres market snapshot (as of September 20, 2026): the median sale price is about $525K, and a median 21 days on market for closed sales. The trailing-12-month median is up 8% from the prior 12 months, computed from record-level CPAR MLS closed sales (3 closings in the current window).
In ZIP 32405 (Panama City), 697 homes closed in the last 12 months at a median of $280K, down 6.8% year over year, with a median 56 days on market. Right now 202 active and 86 pending listings — a balanced market. See the live ZIP 32405 housing market and the Bay County market.
County records show 4 qualified sales in Candlewick Acres across 2024–2025 (1 in 2024, 3 in 2025), median $485,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Candlewick Acres is a community of 67 homes in Panama City, Bay County, built between 1985 and 2020 (median 1988), with a median living area of about 2,375 square feet. 84% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Candlewick Acres is an established, mostly built-out pocket of 242 homes in Panama City where the housing stock ranges from mid-1980s originals to early-2020s construction, giving buyers a genuine mix of move-in-ready and renovation candidates under one community name.
Who Candlewick Acres is best for.
Best for
- Buyers targeting around the mid-$500s who want space near the 2,597-square-foot median
- Buyers willing to renovate an older home for a lower entry point relative to updated stock
- Sellers with an updated home ready to list into a market moving in roughly three weeks
Probably not for
- Buyers who require a pool, clubhouse, or other shared amenities
- Buyers who want only recent construction and won't consider 1980s or 1990s homes
- Sellers unwilling to address deferred maintenance before pricing to the market
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 ($525K) IS the median in the snapshot above, and the move from 2025 ($485K) IS the +8.2% one-year change.
Windows contain 0 to 7 sales each (3 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.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Bay County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Bay County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
23% of homes for sale in ZIP 32405 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 (2026-09-20).
The Candlewick Acres buying strategy.
If we were buying in Candlewick Acres 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 Candlewick Acres.
A wide build range under one roofline
The defining feature here is age spread. A median year built of 1992 sits in the middle of a range that runs from 1985 to 2022, which means two homes at the same address on paper can be nearly four decades apart in construction, systems, and layout. Buyers should underwrite each house on its own merits — roof, HVAC, windows, and kitchen condition will explain most of the price differences you see, not the neighborhood itself.
The homestead share sits at roughly 84%, which points to a stable, owner-occupied core rather than a heavy investor or turnover pattern. Combined with a solid median size near 2,597 square feet, the practical takeaway is that inventory tends to be primary residences that have been lived in and, in many cases, updated over time. No community amenities show up in current MLS listings, so value here is about the homes and the location, not shared facilities.
The location and the amenities are priced into every listing in Candlewick Acres. 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 Candlewick Acres 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 (7.9). Basis: Recent Direction +8.2% year-over-year; Owner Commitment 84% owner-occupied; Pricing Power 96.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a community this varied by age and condition, the money is made or lost in the underwriting. We help buyers separate a 1985 home from a 2022 home when the list price alone won't tell you, and we help sellers decide which pre-list condition work actually pays back in a market moving in about three weeks. That is judgment about this specific mix of housing stock, not a generic pitch.
Candlewick Acres in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Candlewick Acres 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 Candlewick Acres sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Candlewick Acres, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Candlewick Acres home worth?
Get a no-obligation home value based on real comparable sales in Candlewick Acres, 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 →
| Location | Panama City, Bay County, FL · ZIP 32405 |
|---|---|
| Homes in the community | 67 (FL DOR 2025 assessment roll) |
| Years built | 1985–2020 (median 1988) |
| Typical living area | 2,375 sq ft (median) |
| Sale prices, last 12 months | $525,000 median across 3 closed sales · +8.2% vs the prior 12 months |
| Days on market (closed sales) | 21 median |
| Owner-occupied (homestead) share | 84% |
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; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Candlewick Acres key facts,” movewithmomentum.com/neighborhoods/candlewick-acres, data as of September 20, 2026.
Housing distress & ownership in Candlewick Acres, Panama City
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.
More Panama City home searches
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Ask an agent about Candlewick AcresHomes for Sale
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Recent Developments in Candlewick Acres
Development, infrastructure, retail, and school activity affecting Candlewick Acres, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Development
Tyndall Air Force Base rebuild continues with about 140 new facilities
WJHG reports Tyndall AFB is rebuilding with roughly 140 new hurricane-resistant facilities after Hurricane Michael in 2018, and now hosts F-35 squadrons. Most current projects are expected to finish by 2027, while other buildings await congressional funding and the work has faced labor and budget constraints.
What it may mean for the marketContinued base construction and F-35 operations sustain military and contractor employment and construction activity in the eastern Bay County area. The site is about 7 miles south of Candlewick Acres.
Source: WJHG - 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 site is about 5 miles northwest of Candlewick Acres.
Source: WJHG - August 2026Development
Deal reached to redevelop historic Panama City Grammar School into apartments and townhomes
Panama City reached a deal for developer Zachary Seymour to buy the 1914 Panama City Grammar School on East Seventh Street and convert it to apartments and townhomes. The city would waive about $375,000 in code fines and a $100,000 CRA grant is pending approval. Seymour has one year to finish structural repairs to roofs, windows and doors.
What it may mean for the marketReuse of a vacant historic building would add downtown-area residential units and remove a long-standing vacant property. The project is about 4 miles west of Candlewick Acres, elsewhere in Bay County.
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 site is about 5 miles west of Candlewick Acres.
Source: WJHG - August 2026Infrastructure
Bay County approves $13.5 million water treatment plant expansion
Bay County commissioners approved a $13.5 million contract with NCMC Construction to add three large sand filters (30 by 50 feet each) to the county water treatment plant, which now runs 11 filters. Construction is expected to start soon and take about a year, and officials say water bills should not rise because of it.
What it may mean for the marketAdded filtration and backup capacity supports water service reliability for a county where demand has more than doubled in 15 years. The site is about 6 miles north of Candlewick Acres.
Source: WJHG - July 2026Civic
Panama City approves 12-month moratorium on AI data centers
Panama City commissioners unanimously approved a 12-month pause on AI data centers in certain areas, following a six-month restriction adopted by Bay County the prior week. The city said it will use the period to study data center operations and revisit how they fit into local zoning and land-use rules.
What it may mean for the marketA temporary pause shapes where data centers can locate while the city reviews zoning and land-use standards. The site is about 4 miles west of Candlewick Acres.
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 Candlewick Acres?
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What share of Candlewick Acres is owner-occupied?
When were the homes in Candlewick Acres built?
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Where is Candlewick Acres, and what county is it in?
Should you buy in Candlewick Acres?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32405)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (48 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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More on Candlewick Acres
- Home values · What homes in Candlewick Acres actually sell for
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