Gulf Highlands Beach Resort
Homes for Sale in Panama City Beach, FL

All 791 homes for sale in Panama City Beach, FL · median $369,900 · 411 homes for sale in 32407 · Bay County homes for sale

Community in Panama City Beach · Bay County · ZIP 32407
660 homesBuilt 1968–1997Median sale $295K
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Live Market Pulse
30/100
Market Heat
Cooler than normal
2013 → 2026 · 92 at the 2022 peak
0 is Gulf Highlands Beach Resort's coldest market since 2013, 100 its hottest. Today: 30. How it's scored

Photo via CPAR MLS

Built fromLive CPAR MLS data14 years of closingsFL DOR public recordsUpdated twice daily

As of September 2026, Gulf Highlands Beach Resort in Panama City Beach, FL has 50 homes for sale and 4 pending, asking from $170,000 to $445,000 (median $304,950). Over the 12 months ending 2026-09-20, 72 recorded sales closed at a median of $295,000, a median 50 days on market, sellers accepting 95% of original asking (-0% versus the prior year). Homes listed or recently sold were built 1985–1997; 54 of 54 report an HOA (median $374/mo); 18 of the 45 geocoded homes sit in a FEMA special flood hazard zone (median elevation 13 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,620 ($3,140 with the full homestead exemption).

Gulf Highlands Beach Resort key facts
LocationPanama City Beach, Bay County, FL · ZIP 32407, 32408
Homes in the community660 (FL DOR 2025 assessment roll)
Years built1968–1997 (median 1987)
Typical living area1,123 sq ft (median)
Home types (current listings and sales)attached 85%, condos 15%
Sale prices, last 12 months$295,000 median across 72 closed sales · -0.4% vs the prior 12 months
Days on market (closed sales)50 median
For sale right now48 active, 4 pending · median asking $304,950
Owner-occupied (homestead) share10%

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, “Gulf Highlands Beach Resort key facts,” movewithmomentum.com/neighborhoods/gulf-highlands-beach-resort, data as of September 20, 2026.

Last 30 days in Gulf Highlands Beach Resort: 19 new listings (median asking $330,000), 4 under contract right now. As of September 26, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.

Live · Gulf Highlands Beach Resort Housing Pulse CPAR MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$295K ▼
Median sold · 12 mo
down 0.4% vs the prior 12 months
-0.4% ▼
1-yr price change
n = 72 and 46 sales in the two windows
94.6%
Sale vs ask
+154%
T12M median vs 2012
from a $116K median in 2012
Tempo
51days
Median DOM · closed
5 days at the 2022 low
8%
Under contract
Bay: 17% (528 of 3,043)
48 · 4
For sale · pending
live counts, refreshed twice daily
72
Sold · last 12 mo
10-yr average: about 63 a year
Ownership and context
10%
Owner-occupied · Gulf Highlands Beach Resort
66 of 660 parcels homesteaded (FL DOR 2025)
90%
Non-owner-occupied · Gulf Highlands Beach Resort
incl. 7% trust or LLC-held · 70% out-of-state
660
Homes in the community
660 residential parcels (FL DOR 2025)
Track record · 14 years of records
61
Recorded sales · 2024-2025
median $300K · qualified sales on the county roll (FL DOR 2025)
Est. 1968
Community established
homes built 1968-1997, median 1987 (FL DOR 2025)
10.9%/yr
Turnover rate
about 72 of 660 homes trade a year

Homes For Sale Right Now in Gulf Highlands Beach Resort

Live MLS inventory for Gulf Highlands Beach Resort. 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 Gulf Highlands Beach Resort listings as of 2026-09-26, 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.

Every Home for Sale in Gulf Highlands Beach Resort Right Now (54)

All 54 active and pending Gulf Highlands Beach Resort listings with a detail page, newest first, refreshed twice a day from the MLS.

Jon Brooks, founder of Momentum Realty
Jon's Current Read

Gulf Highlands prices off condition and unit size more than location within the resort — at a median of just under 1,130 square feet and a median build year of 1987.5, this is an older, smaller-footprint inventory where finish level and updates to mechanicals and interiors move a listing faster than its floor plan. The 10.9% homestead share tells you most of what you need to know about who is buying: this is overwhelmingly a second-home and investment market, not a primary-residence one, and pricing behaves accordingly — tied to rental performance and carrying costs more than local wage growth.

A market heat score of 30 and a median 48.5 days on market point to a buyer's pace right now, not a seller's. Prices are essentially flat year over year (-1.3%), which after the run-up since 2012 (+172%) reads less like a correction and more like a pause — a market catching its breath rather than reversing. For sellers, that means realistic pricing and patience matter more than urgency; for buyers, there is room to negotiate on condition and terms without racing another offer.

Gulf Highlands Beach Resort Housing Pulse · Momentum Research · as of September 20, 2026

Gulf Highlands Beach Resort right now

🟡 Off the recent peak. The trailing-12-month median ($295K) is down 0.4% from the prior 12 months ($296K) and up 154% since 2012.Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Very High (72 and 46 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

· Updated September 27, 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

Gulf Highlands Beach Resort market snapshot (as of September 20, 2026): the median sale price is about $295K, and a median 51 days on market for closed sales. The trailing-12-month median is down 0% from the prior 12 months and up 154% since 2012, computed from record-level CPAR MLS closed sales (72 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.

County records show 61 qualified sales in Gulf Highlands Beach Resort across 2024–2025 (40 in 2024, 21 in 2025), median $300,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Flood zones in Gulf Highlands Beach Resort: of 43 listing addresses checked against the FEMA National Flood Hazard Layer, 60% sit outside the FEMA Special Flood Hazard Area (Zone X); 40% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage. Individual parcels vary — verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City Beach.

Gulf Highlands Beach Resort is a community of 660 homes in Panama City Beach, Bay County, built between 1968 and 1997 (median 1987), with a median living area of about 1,123 square feet. 10% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Gulf Highlands Beach Resort is an established Panama City Beach community of 763 homes built out between 1968 and 1997, with a median price of $295,000 and a sales mix dominated by second-home and investment ownership rather than full-time residents.

Best for

  • Buyers looking for a second home or vacation property in an established Panama City Beach setting
  • Investors comfortable underwriting an older-inventory rental market with no listed on-site amenity package
  • Buyers with flexible timelines who can negotiate on price and terms in a slower-moving market

Probably not for

  • Buyers who want confirmed resort amenities as part of the purchase decision
  • Buyers seeking new or recently built construction, given the 1968-1997 build range
  • Buyers who need a quick sale or fast turnaround, given the extended median days on market

Windows contain 26 to 101 sales each (72 in the current window); every figure carries its sample size. 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.

Median sale price · trailing 12 mo
$100K$200K$300K20122014201620182020202220242026
Down 0.4% year over year; up 154% since 2012.
Median days on market · closed sales
025507520122014201620182020202220242026
5 days at the 2022 low; 51 now.
Sale price vs original ask · median
90%95%100%20122014201620182020202220242026
94.6% now.
Homes sold per 12-mo window
05010020122014201620182020202220242026
26 to 101 a year; 72 in the current window.
Market Heat · 0 coldest, 100 hottest in the record
20406080seller-leaningbuyer-leaning2014201620182020202220242026
92 at the 2022 peak, 8 in the troughs, 30 now. Same score as the hero card, full history.
How much local inventory is already under contract

7% of homes for sale in Gulf Highlands Beach Resort 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 (2026-09-26).

Gulf Highlands Beach Resort Market Scorecard

Balanced

Gulf Highlands Beach Resort is currently a balanced market., a median asking price of $304,950, and homes go under contract in about 115 days.

$304,950
Median list
$295,000
Median sold
115
Days on mkt
50/4/0
Active/Pend/Sold

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.

Listing locations from CPAR MLS. Map data © OpenStreetMap, tiles © CARTO.

If we were buying in Gulf Highlands Beach Resort today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Gulf Highlands Beach Resort.

Best Buy
Buyers targeting a second home or rental unit in an established, lower-turnover Panama City Beach community.
Biggest Risk
Unit condition varies widely across a near-30-year build span, so inspections matter more than the listing photos.
Sweet Spot
Move-in-ready or recently updated units priced near the $295K median tend to draw the most serious interest.
Avoid If
You need a fast close or a full-time primary residence in a community built around long-term occupancy.

An older resort footprint pricing on condition, not amenities

There's no active MLS amenity record for Gulf Highlands, which means whatever the community offers on-site isn't showing up in current listing data — buyers should verify directly what's included with ownership rather than assume a standard resort amenity package. Combined with a build era spanning nearly three decades (1968-1997) and a median unit size just over 1,100 square feet, this is a market where individual unit condition, not building-wide features, is doing the heavy lifting on value.

The low homestead share (10.9%) is the structural story here: this reads as a rental and second-home market first, and that shapes everything from HOA dynamics to how quickly units turn over. With median days on market at 48.5 and a heat score of 30, sellers should expect a longer, more deliberate sales process than in higher-turnover PCB communities, and buyers have real room to be selective.

“

The location and the amenities are priced into every listing in Gulf Highlands Beach Resort. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
5.6C · Buy Score
Long-Term Appreciation9.2/10
Recent Direction5.9/10
Owner Commitment1.0/10
Pricing Power6.4/10

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 4 factors (5.6). Basis: Long-Term Appreciation +154% since 2012; Recent Direction -0.4% year-over-year; Owner Commitment 10% owner-occupied; Pricing Power 94.6% sale-to-list. Refreshed with each data update.

Why work with Momentum here

Older resort inventory with no standardized amenity listing and a wide range of unit conditions rewards careful, comparable-by-comparable pricing rather than a formulaic view of the market. We track what's actually closing at Gulf Highlands — not just what's listed — so pricing conversations start from real data on a market that moves at its own pace.

Gulf Highlands Beach Resort in 15 seconds.

Best forBuyers targeting a second home or rental unit in an established, lower-turnover Panama City Beach community.
Biggest advantageA flat, patient market gives buyers negotiating room that faster-moving PCB communities don't offer right now.
Biggest riskUnit condition varies widely across a near-30-year build span, so inspections matter more than the listing photos.
Sweet spotMove-in-ready or recently updated units priced near the $295K median tend to draw the most serious interest.
Avoid ifYou need a fast close or a full-time primary residence in a community built around long-term occupancy.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the Gulf Highlands Beach Resort homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in Gulf Highlands Beach Resort.
In short
  • HOA dues reported around $374/month (about $4,488/yr) · median of 842 MLS listings, most billed quarterly
  • Any club/amenity membership is billed separately

Listings in this community report association dues of about $374 per month ($4,488 a year) — the median AssociationFee across 842 MLS records, normalised to a monthly figure; most are billed quarterly. 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, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Gulf Highlands Beach Resort sales matched to your home.

What is your Gulf Highlands Beach Resort home worth?

Get a no-obligation home value based on real comparable sales in Gulf Highlands Beach Resort, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

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Real comps, not an automated estimate.

Recently off market in Gulf Highlands Beach Resort

Homes in Gulf Highlands Beach Resort 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. 9 on record.

Frequently Asked Questions

What is the median home price in Gulf Highlands Beach Resort?
The median sale price in Gulf Highlands Beach Resort was $295K over the 12 months ending September 20, 2026 (72 closed sales, CPAR MLS).
How long do homes in Gulf Highlands Beach Resort take to sell?
Homes that closed in the 12 months ending September 20, 2026 took a median 51 days on market (72 sales, CPAR MLS).
How many homes are in Gulf Highlands Beach Resort?
The Florida DOR 2025 assessment roll shows 660 homes in Gulf Highlands Beach Resort (public records).
What share of Gulf Highlands Beach Resort is owner-occupied?
10% of Gulf Highlands Beach Resort parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Gulf Highlands Beach Resort built?
Homes in Gulf Highlands Beach Resort were built between 1968 and 1997, with a median year built of 1987 (FL DOR 2025 roll).
Have Gulf Highlands Beach Resort home prices gone up?
The trailing-12-month median is up 154% since 2012, from $116K to $295K (CPAR MLS closed records).
Who is the best real estate agent for Gulf Highlands Beach Resort?
The best agent for Gulf Highlands Beach Resort is one who actively works Panama City Beach and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Gulf Highlands Beach Resort.
How do I find a top Panama City Beach real estate agent who knows Gulf Highlands Beach Resort?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Gulf Highlands Beach Resort and the wider Panama City Beach area.
Can Momentum Realty connect me with an agent for Gulf Highlands Beach Resort?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Gulf Highlands Beach Resort purchase or sale - no call center and no pressure.
Where is Gulf Highlands Beach Resort, and what county is it in?
Gulf Highlands Beach Resort is in Panama City Beach, Bay County, FL, ZIP codes 32407, 32408. The community's center is about 51 miles northwest of the center of Panama City Beach (straight-line).
Is Gulf Highlands Beach Resort in a flood zone?
Partly. Of 43 homes we sampled in Gulf Highlands Beach Resort, 60% sit outside a FEMA Special Flood Hazard Area (Zone X) and 40% are inside one (Zone A or AE), where a lender requires flood insurance. Flood zones are drawn parcel by parcel, so check the exact address on FEMA's flood map before you close; the flood section on this page shows the community's mix.
Is Gulf Highlands Beach Resort a good place to live?
That depends on your budget, commute and what you want in a home, so here is what the data says about Gulf Highlands Beach Resort: the median sale price over the last 12 months was $295K (72 sales), 31% below the Panama City Beach median of $425K; homes took a median 50 days to go under contract; the assessment roll counts 660 homes, 10% of them homesteaded (owner-occupied). The full numbers, price history and the flood and school sections are above.
Buyers looking for a second home or vacation property in an established Panama City Beach settingExcellent fit
Investors comfortable underwriting an older-inventory rental market with no listed on-site amenity packageExcellent fit
Buyers with flexible timelines who can negotiate on price and terms in a slower-moving marketExcellent fit
Buyers who want confirmed resort amenities as part of the purchase decisionProbably not
Buyers seeking new or recently built construction, given the 1968-1997 build rangeProbably not
Buyers who need a quick sale or fast turnaround, given the extended median days on marketProbably not

Data sources & freshness

Live listingsCPAR MLS, refreshed twice daily (last: September 26, 2026)
Community market statsCPAR MLS closed sales, 12-month windows ending September 20, 2026
Housing stock & ownershipFlorida DOR assessment roll (street-list match (11 streets, ZIP 32407/32408))
Under-contract sharesCPAR MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 2012 (864 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

Explore more neighborhoods near Gulf Highlands Beach Resort with Momentum Realty’s local guides.

Majestic Beach Tower0.2 mi away · median $445K, 15 sales/12 moMarisol Condo0.3 mi away · 2 for saleGrandview East At Long Beach0.3 mi away · median $535K, 3 sales/12 moLong Beach0.3 mi away · 49 homes, built 1937–24, 4 for saleOcean Villa0.4 mi away · median $438K, 10 sales/12 moOcean Ritz0.4 mi away · median $852K, 5 sales/12 moEdgewater Beach (Bay)0.4 mi away · 2 for saleTwin Palms Resort0.4 mi away · median $435K, 9 sales/12 mo

Browse all neighborhood guides →

Thinking of selling in Gulf Highlands Beach Resort? 72 recorded closings; median 50 days on market (window ending 2026-09-20). See the Bay County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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