Palazzo
Condos for Sale in Panama City Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of September 2026, Palazzo in Panama City Beach, FL has 3 homes for sale. Over the 12 months ending 2026-09-12, 12 recorded sales closed at a median of $815,000, a median 99 days on market, sellers accepting 94% of original asking (+59% versus the prior year). Homes listed or recently sold were built 2008–2008; 3 of 3 report an HOA (median $1,192/mo); 3 of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 20 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $10,010 ($9,520 with the full homestead exemption).
Palazzo's numbers this cycle read as a small, low-volume market where a handful of closings can swing the averages hard. A 72.3% year-over-year jump on a 12-sale window is the kind of move you get from a shift in which units happened to trade, not necessarily a broad repricing of the community. The median of $815,000 should be read as a snapshot of this particular mix of closings rather than a stable benchmark for every unit in the building.
A median days-on-market of 99 tells the more grounded story: this is not a market where units move quickly regardless of price. A market heat score of 45 backs that up — this sits in mid-range territory, neither a bidding-war environment nor a distressed one. For sellers, that means pricing to the specific unit and condition matters more than chasing the last headline number. For buyers, there's room to negotiate on timeline and terms rather than racing a clock.
Palazzo right now
🟢 Still climbing. The trailing-12-month median ($815K) is up 58.6% from the prior 12 months ($514K) and up 169% since 2012. With about a dozen 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 12. Confidence: Low (12 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 19, 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
Palazzo market snapshot (as of September 12, 2026): the median sale price is about $815K, and a median 99 days on market for closed sales. The trailing-12-month median is up 59% from the prior 12 months and up 169% since 2012, computed from record-level CPAR MLS closed sales (12 closings in the current window).
In ZIP 32413 (Panama City Beach), 1,591 homes closed in the last 12 months at a median of $445K, up 1.4% year over year, with a median 80 days on market. Right now 1,084 active and 187 pending listings put supply at about 6.8 months — a buyer's market. See the live ZIP 32413 housing market and the Bay County market.
Palazzo is a Panama City Beach condominium community in Bay County where recent closing activity has been thin enough that price swings should be read with some caution rather than taken as a market-wide trend.
The setting & the homes.
Aerial and on-site photos of Palazzo. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Palazzo
Palazzo
PalazzoPhotos from CPAR MLS listings in Palazzo; content deemed reliable but not guaranteed.
Who Palazzo is best for.
Best for
- Buyers seeking a Panama City Beach condominium and comfortable evaluating each unit on its own condition and comps
- Sellers with a well-maintained or upgraded unit who can support pricing near or above the current median with unit-specific evidence
- Buyers with a flexible closing timeline who don't need a fast transaction in a market averaging around 99 days on market
Probably not for
- Buyers who need confirmed shared amenities as part of the purchase decision, since none are currently identified in MLS data
- Sellers expecting the last reported median to apply automatically to a lower-condition or smaller unit
- Buyers who need a quick, high-certainty closing timeline in a market currently running well past 90 days
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($815K) IS the median in the snapshot above, and the move from 2025 ($514K) IS the +58.6% one-year change.
Windows contain 4 to 16 sales each (12 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.
16% of homes for sale in ZIP 32413 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 (2026-09-19).
Palazzo Market Scorecard
Palazzo is currently a thin data market. Limited supply, a median asking price of $977,500, and homes go under contract in about 180 days.
Typical home value in the 32413 ZIP is $470,917, about 24.3% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Palazzo, 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.
Homes For Sale Right Now in Palazzo
Live MLS inventory for Palazzo. 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 Palazzo listings as of 2026-09-17, 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.
Palazzo 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, tiles © CARTO.
The Palazzo buying strategy.
If we were buying in Palazzo 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 Palazzo.
Reading a low-volume market correctly
With only 12 closings in the window used for these figures, Palazzo's stats behave differently than a high-volume community. A single high-end penthouse or gulf-front unit trading in the same period as a smaller interior unit can move the median by a wide margin without reflecting an actual shift in demand. That's almost certainly part of what's behind the jump from typical pricing to the current $815,000 median, and it's also consistent with a 134% climb since 2012 — a long-run trend line, not a single-year event.
The 99-day median days-on-market is the number that deserves the most weight for anyone actually transacting. It says buyers here are not moving fast, and sellers who price against the headline median without accounting for their specific unit's condition and view are likely to sit. Current MLS listings show no confirmed amenity package for the community, so any amenities should be verified unit-by-unit and building-by-building before assuming shared facilities exist.
The location and the amenities are priced into every listing in Palazzo. 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 Palazzo 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 (8.7). Basis: Long-Term Appreciation +169% since 2012; Recent Direction +58.6% year-over-year; Pricing Power 94.4% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a low-volume, mixed-signal market like Palazzo, the raw stats can mislead as easily as they inform. We pull the actual comparable closings behind the median, not just the headline number, so pricing and offer strategy reflect the specific unit and its condition rather than a market-wide average built on a small sample.
Palazzo in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $1,192/month (about $14,304/yr) · median of 21 MLS listings, most billed monthly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $1,192 per month ($14,304 a year) — the median AssociationFee across 21 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, 2026-09.
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 Palazzo 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 Palazzo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palazzo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palazzo home worth?
Get a no-obligation home value based on real comparable sales in Palazzo, 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 homes for sale in Palazzo on the map →
Recently off market in Palazzo
Homes in Palazzo 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. 1 on record.
- 17281 Front Beach Road 306 · off market
Frequently Asked Questions
What is the median home price in Palazzo?
How long do homes in Palazzo take to sell?
Have Palazzo home prices gone up?
Who is the best real estate agent for Palazzo?
How do I find a top Panama City Beach real estate agent who knows Palazzo?
Can Momentum Realty connect me with an agent for Palazzo?
Where is Palazzo, and what county is it in?
Should you buy in Palazzo?
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: September 17, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2012 (158 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.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the CPAR MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Palazzo fits the bigger picture — live prices, inventory, and Momentum Scores:
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