Park Place
Homes for Sale in Panama City, FL
All 258 homes for sale in Panama City, FL · median $349,600 · 299 homes for sale in 32404 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of September 2026, Park Place in Panama City, FL has 4 homes for sale and 2 pending, asking from $264,900 to $313,900 (median $289,450). Over the 12 months ending 2026-09-20, 38 recorded sales closed at a median of $304,400, a median 74 days on market, sellers accepting 97% of original asking (-2% versus the prior year). Homes listed or recently sold were built 2023–2026 with 5 new construction; 6 of 6 report an HOA (median $77/mo); none of the 5 geocoded homes sit in a FEMA special flood hazard zone (median elevation 35 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,740 ($3,250 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32404, 32405 |
|---|---|
| Homes in the community | 92 (FL DOR 2025 assessment roll) |
| Years built | 2020–2024 (median 2023.0) |
| Typical living area | 2,086 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 100% |
| Sale prices, last 12 months | $304,400 median across 38 closed sales · -1.8% vs the prior 12 months |
| Days on market (closed sales) | 74 median |
| For sale right now | 4 active, 1 pending · median asking $291,900 |
| Owner-occupied (homestead) share | 44% |
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, “Park Place key facts,” movewithmomentum.com/neighborhoods/park-place--bay, data as of September 20, 2026.
Last 30 days in Park Place: 1 new listing (median asking $298,900), 2 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.
Homes For Sale Right Now in Park Place
Live MLS inventory for Park Place. 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 Park Place 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 Park Place Bay Right Now (6)
All 6 active and pending Park Place Bay listings with a detail page, newest first, refreshed twice a day from the MLS.
- 218 Reddy Creek Drive, Panama City, Fl 32404 · $298,900 · 4 bd / 3 ba · listed Sep 21, 2026 · listed by DR Horton Realty of Emerald Coast, LLC
- 222 Reddy Creek Drive, Panama City, Fl 32404 · $313,900 · 4 bd / 2 ba · listed Aug 30, 2026 · listed by DR Horton Realty of Emerald Coast, LLC
- 226 Reddy Creek Drive, Panama City, Fl 32404 · $264,900 · 3 bd / 2 ba · listed Aug 30, 2026 · listed by DR Horton Realty of Emerald Coast, LLC
- 230 Reddy Creek Drive, Panama City, Fl 32404 · $289,900 · 4 bd / 2 ba · pending · listed Aug 20, 2026 · listed by DR Horton Realty of Emerald Coast, LLC
- 234 Reddy Creek Drive, Panama City, Fl 32404 · $264,900 · 3 bd / 2 ba · pending · listed Aug 20, 2026 · listed by DR Horton Realty of Emerald Coast, LLC
- 270 Boggy Creek Way, Callaway, Fl 32404 · $280,000 · 4 bd / 2 ba · listed Jun 27, 2026 · listed by Beachy Beach Real Estate
Price here is condition- and vintage-driven, not amenity-driven. Park Place spans a remarkably wide build range, from turn-of-the-century structures through 2024 construction, but the median year built lands at 2021 and the median home runs about 2,096 square feet. That means the typical transaction is newer, mid-sized product, and the median sits at $312,900. Expect a wide spread around that number depending on whether you're looking at a recently built home or something much older.
The market posture is flat and unhurried. Year-over-year is essentially unchanged at 0.9%, and the median home takes 42 days to sell — enough time that buyers can be deliberate and sellers should price to the comps rather than reach. With no identified community amenities carrying the value, the house itself has to do the work on both sides of the table.
Park Place right now
🟡 Off the recent peak. The trailing-12-month median ($304K) is down 1.8% from the prior 12 months ($310K).Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Very High (38 and 45 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
Park Place market snapshot (as of September 20, 2026): the median sale price is about $304K, and a median 74 days on market for closed sales. The trailing-12-month median is down 2% from the prior 12 months, computed from record-level CPAR MLS closed sales (38 closings in the current window).
In ZIP 32404 (Panama City), 1,060 homes closed in the last 12 months at a median of $290K, down 3.3% year over year, with a median 58 days on market. Right now 391 active and 146 pending listings — a balanced market. See the live ZIP 32404 housing market and the Bay County market.
County records show 40 qualified sales in Park Place across 2024–2025 (36 in 2024, 4 in 2025), median $319,900 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Park Place is a community of 92 homes in Panama City, Bay County, built between 2020 and 2024 (median 2023.0), with a median living area of about 2,086 square feet. 44% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Park Place in Panama City is a newer-leaning pocket by median vintage, but its housing stock stretches back more than a century, so two listings at the same price can be very different homes. Under half of the homes carry a homestead exemption, so this is not a uniformly owner-occupied street.
The setting & the homes.
Aerial and on-site photos of Park Place. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Park PlacePhotos from CPAR MLS listings in Park Place; content deemed reliable but not guaranteed.
Who Park Place is best for.
Best for
- Buyers targeting newer construction around the mid-$300s who want mid-sized square footage
- Deliberate buyers who value a 40-plus-day market where there's room to inspect and negotiate
- Owner-occupants comfortable in a mix-use street rather than a uniformly owner-occupied one
Probably not for
- Buyers who need community amenities like a pool or gated entry
- Investors chasing fast appreciation, given the essentially flat year-over-year movement
- Buyers unwilling to scrutinize a home's age and condition against the right comps
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 ($304K) IS the median in the snapshot above, and the move from 2025 ($310K) IS the -1.8% one-year change.
Windows contain 0 to 52 sales each (38 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.
29% of homes for sale in ZIP 32404 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).
Park Place Market Scorecard
Park Place is currently a balanced market., a median asking price of $291,900, and homes go under contract in about 39 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.
Housing distress & ownership in Park Place, 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.
Park Place 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 Park Place buying strategy.
If we were buying in Park Place 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 Park Place.
A wide-vintage market that trades on the house itself
The headline tension in Park Place is age. A build range from 1900 to 2024 against a 2021 median tells you the recent construction dominates the middle of the market, but the older tail is real and it matters to price. Because no community amenities were identified from current MLS listings, there's no pool, gate, or shared feature propping up values — condition, square footage, and vintage carry the number.
With 318 homes and a closings window of 37 recent sales, there's enough turnover to read comps but not so much that any single sale defines the market. A 42-day median days-on-market gives buyers room to inspect and negotiate, and it tells sellers that mispriced listings will sit. The homestead share below half suggests a mix of uses, which is worth understanding before you assume everyone around you is a long-term owner-occupant.
The location and the amenities are priced into every listing in Park Place. 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 Park Place 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 (6.1). Basis: Recent Direction -1.8% year-over-year; Owner Commitment 44% owner-occupied; Pricing Power 97.5% sale-to-list. Refreshed with each data update.
Why work with Momentum here
The value question in Park Place is almost entirely about matching a specific home's age and condition to the right comp — a 1900-era structure and a 2024 build should never be priced off the same list. We read the closings individually rather than leaning on the median, and with a 42-day typical selling pace, we'll tell you when a listing is priced to move and when it's priced to sit.
Park Place in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $77/month (about $924/yr) · median of 94 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $77 per month ($924 a year) — the median AssociationFee across 94 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.
Tools for a Park Place 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 Park Place sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Park Place, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Park Place home worth?
Get a no-obligation home value based on real comparable sales in Park Place, 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 →
Recently off market in Park Place
Homes in Park Place 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.
- 238 Reddy Creek Drive · off market
- 242 Reddy Creek Drive · off market
- 247 Bayou Bend Lane · off market
- 250 Reddy Creek Drive · off market
- 254 Reddy Creek Drive · off market
- 258 Reddy Creek Drive · off market
- 270 Reddy Creek Drive · off market
- 279 Bayou Bend Lane · off market
Frequently Asked Questions
What is the median home price in Park Place?
How long do homes in Park Place take to sell?
How many homes are in Park Place?
What share of Park Place is owner-occupied?
When were the homes in Park Place built?
Who is the best real estate agent for Park Place?
How do I find a top Panama City real estate agent who knows Park Place?
Can Momentum Realty connect me with an agent for Park Place?
Where is Park Place, and what county is it in?
Is Park Place a good place to live?
Should you buy in Park Place?
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 26, 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 (3 streets, ZIP 32404/32405)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2020 (213 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 Park Place fits the bigger picture — live prices, inventory, and Momentum Scores:
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