Palmetto Trace
Homes for Sale in Panama City Beach, FL
All 733 homes for sale in Panama City Beach, FL · median $368,500 · 350 homes for sale in 32408 · 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, Palmetto Trace in Panama City Beach, FL has 8 homes for sale and 3 pending, asking from $330,000 to $654,800 (median $472,450). Over the 12 months ending 2026-09-20, 15 recorded sales closed at a median of $460,500, a median 77 days on market, sellers accepting 92% of original asking (+10% versus the prior year). Homes listed or recently sold were built 2002–2006; 11 of 11 report an HOA (median $83/mo); none of the 11 geocoded homes sit in a FEMA special flood hazard zone (median elevation 28 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $5,650 ($5,170 with the full homestead exemption).
Last 30 days in Palmetto Trace: 2 new listings (median asking $399,950), 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 Palmetto Trace
Live MLS inventory for Palmetto Trace. 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 Palmetto Trace 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.
Palmetto Trace prices around a median of $435,000, and the story here is age and size, not amenities. With a median year built of 2003 and a median living area just over 2,000 square feet, buyers are paying for established construction and workable floor plans rather than a clubhouse or gate — MLS data shows no community amenities tied to this neighborhood.
A market heat score of 51 puts this squarely in balanced territory, and a median 42 days on market backs that up: homes here move at a normal pace, not on urgency. With 19 closings in the most recent window against a base of 210 homes, there's enough turnover to read the market clearly, but not so much that pricing gets bid up. Year-over-year movement of 3.6% is modest, steady appreciation — not a spike, not a stall.
Palmetto Trace right now
🟢 Still climbing. The trailing-12-month median ($460K) is up 9.9% from the prior 12 months ($419K) and up 95% since 2012. With about 30 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: High (15 and 23 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
Palmetto Trace market snapshot (as of September 20, 2026): the median sale price is about $460K, and a median 77 days on market for closed sales. The trailing-12-month median is up 10% from the prior 12 months and up 95% since 2012, computed from record-level CPAR MLS closed sales (15 closings in the current window).
In ZIP 32408 (Panama City Beach), 1,792 homes closed in the last 12 months at a median of $400K, down 0.6% year over year, with a median 75 days on market. Right now 1,195 active and 202 pending listings — a buyer's market. See the live ZIP 32408 housing market and the Bay County market.
County records show 27 qualified sales in Palmetto Trace across 2024–2025 (15 in 2024, 12 in 2025), median $419,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Palmetto Trace is a community of 322 homes in Panama City Beach, Bay County, built between 2002 and 2010 (median 2005.0), with a median living area of about 1,968 square feet. 57% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Built out mainly between 2002 and 2007, Palmetto Trace is a Panama City Beach community of 210 homes where the housing stock has settled into a consistent, mid-2000s profile rather than a mix of eras.
The setting & the homes.
Aerial and on-site photos of Palmetto Trace. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Palmetto TracePhotos from CPAR MLS listings in Palmetto Trace; content deemed reliable but not guaranteed.
Who Palmetto Trace is best for.
Best for
- Buyers targeting a home built in the early-to-mid 2000s with a straightforward, single-era construction profile
- Buyers comfortable with a no-frills community and willing to invest in updates rather than shared amenities
- Buyers working with a budget centered near the $435,000 median who want steady, moderate market pace rather than competitive bidding
Probably not for
- Buyers who require resort-style or gated amenities as part of the purchase decision
- Buyers looking for brand-new construction or a wide range of build years to choose from
- Buyers expecting rapid turnover or high competitive urgency, given the 42-day median time on 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 ($460K) IS the median in the snapshot above, and the move from 2025 ($419K) IS the +9.9% one-year change.
Windows contain 15 to 46 sales each (15 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.
27% of homes for sale in Palmetto Trace 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).
Palmetto Trace Market Scorecard
Palmetto Trace is currently a balanced market., a median asking price of $467,450, and homes go under contract in about 159 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.
Palmetto Trace 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 Palmetto Trace buying strategy.
If we were buying in Palmetto Trace 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 Palmetto Trace.
Consistent Construction Era, Steady Demand
The tight build window — 2002 to 2007 — means most homes in Palmetto Trace share similar construction standards, layouts, and age-related maintenance profiles. That consistency simplifies comparisons for buyers: fewer wildcards on roof age, systems, or era-specific finishes than you'd find in a neighborhood built across three decades.
The 55.2% homestead share tells you that just over half of these homes are owner-occupied as primary residences, with the rest split among non-homestead use. That mix, combined with a balanced heat score and a 42-day median market time, suggests a community where pricing is driven by individual home condition and updates more than by competitive bidding pressure.
The location and the amenities are priced into every listing in Palmetto Trace. 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 Palmetto Trace 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 4 factors (6.5). Basis: Long-Term Appreciation +95% since 2012; Recent Direction +9.9% year-over-year; Owner Commitment 57% owner-occupied; Pricing Power 92.4% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a neighborhood with a narrow build window and no shared amenities to lean on, the differentiators are all in the details — condition, updates, and how a given closing compares to the 19 recent sales in this range. We track those specifics closely so pricing conversations start from real comparables, not guesswork.
Palmetto Trace in 15 seconds.
What it really costs to own in Palmetto Trace
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 $3,447/yr across 20 listings here (MLS tax records, 2026-10-18). |
|---|---|
| HOA dues | Median $83/month across 516 MLS listings (most billed quarterly; 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. |
| Roof and age | Median build year 2005 across 22 listings. An original roof here would be about 21 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 $531/month (tax $287, HOA $83, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Palmetto Trace
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 Palmetto Trace
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Palmetto Trace will answer, and the answer is published on this page for the next buyer.
HOA, CDD & Fees
- HOA dues reported around $83/month (about $996/yr) · median of 516 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $83 per month ($996 a year) — the median AssociationFee across 516 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, 2026-10.
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 Palmetto Trace 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 Palmetto Trace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palmetto Trace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palmetto Trace home worth?
Get a no-obligation home value based on real comparable sales in Palmetto Trace, 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 Palmetto Trace
Homes in Palmetto Trace 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. 8 on record.
- 103 Park Place · off market
- 105 Amherst Way · off market
- 204 Middleburg Drive · off market
- 205 Windsor Way · off market
- 206 Middleburg Drive · off market
- 223 Middleburg Drive · off market
- 231 Middleburg Drive · off market
- 70 Park Place · off market
| Location | Panama City Beach, Bay County, FL · ZIP 32408, 32413 |
|---|---|
| Homes in the community | 322 (FL DOR 2025 assessment roll) |
| Years built | 2002–2010 (median 2005.0) |
| Typical living area | 1,968 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 73%, attached 27% |
| Sale prices, last 12 months | $460,500 median across 15 closed sales · +9.9% vs the prior 12 months |
| Days on market (closed sales) | 77 median |
| For sale right now | 10 active, 4 pending · median asking $467,450 |
| Owner-occupied (homestead) share | 57% |
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, “Palmetto Trace key facts,” movewithmomentum.com/neighborhoods/palmetto-trace--bay, data as of September 20, 2026.
Housing distress & ownership in Palmetto Trace, 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 Palmetto Trace
The newest homes for sale in Palmetto Trace right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 1 Park Place, Panama City Beach, FL 32413 $330,000 · 2 bd · 2 ba · new today Courtesy of Anchor Realty Florida
- 222 Middleburg Drive, Panama City Beach, FL 32413 $469,900 · 3 bd · 2 ba · 7 days on market Courtesy of Top Producers Real Estate Group
- 513 Bainbridge Street, Panama City Beach, FL 32413 $475,000 · 4 bd · 3 ba · 33 days on market Courtesy of World Impact Real Estate
- 249 Oxford Avenue, Panama City Beach, FL 32413 $505,500 · 3 bd · 2 ba · 70 days on market Courtesy of Counts Real Estate Group Inc
- 120 Covington Street, Panama City Beach, FL 32413 $654,800 · 3 bd · 2 ba · 159 days on market Courtesy of Berkshire Hathaway HomeServices PenFed
- 232 Middleburg Drive, Panama City Beach, FL 32413 $454,500 · 3 bd · 2 ba · 177 days on market Courtesy of eXp Realty, LLC
Checked against the MLS Oct 18, 2026. All new listings in this market.
More Panama City Beach home searches
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- Panama City Beach home values: what is my house worth?
- ZIP 32408 housing scorecard
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Frequently Asked Questions
What is the median home price in Palmetto Trace?
How long do homes in Palmetto Trace take to sell?
How many homes are in Palmetto Trace?
What share of Palmetto Trace is owner-occupied?
When were the homes in Palmetto Trace built?
Have Palmetto Trace home prices gone up?
Who is the best real estate agent for Palmetto Trace?
How do I find a top Panama City Beach real estate agent who knows Palmetto Trace?
Can Momentum Realty connect me with an agent for Palmetto Trace?
Where is Palmetto Trace, and what county is it in?
Is Palmetto Trace a good place to live?
Should you buy in Palmetto Trace?
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 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32408/32413)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (443 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.
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See how Palmetto Trace fits the bigger picture — live prices, inventory, and Momentum Scores:
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More on Palmetto Trace
- Home values · What homes in Palmetto Trace actually sell for