Plazas Of St.Thomas
Condos for Sale in Panama City Beach, FL
All 733 homes for sale in Panama City Beach, FL · median $368,500 · 696 condos for sale in Panama City Beach · 395 homes for sale in 32407 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Plazas Of St.Thomas in Panama City Beach, FL has 5 homes for sale, asking from $159,000 to $199,900 (median $198,999). Over the 12 months ending 2026-09-20, 4 recorded sales closed at a median of $165,000, a median 32 days on market, sellers accepting 89% of original asking. Homes listed or recently sold were built 1985–1985; 5 of 5 report an HOA (median $430/mo); 4 of the 5 geocoded homes sit in a FEMA special flood hazard zone (median elevation 6 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $2,030 ($1,540 with the full homestead exemption).
Last 30 days in Plazas Of St.Thomas: 1 new listing (median asking $159,000). 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 Plazas Of St.Thomas
Live MLS inventory for Plazas Of St.Thomas. 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 Plazas Of St.Thomas listings as of 2026-10-14, 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.
Plazas Of St.Thomas sits at a price point most of Panama City Beach has left behind. A median of $155,000 puts this community well below the broader beach-market conversation, and at this level, condition and unit size do more to set price than location or view ever will. Two units a few doors apart can price very differently once you factor in updates, floor level, and how the space has been maintained.
With a median of just over 43 days on market, this is not a community where listings move overnight, but it is not sitting stagnant either. For sellers, that means pricing to the unit's actual condition matters more than chasing a number from a different part of the beach market. For buyers, there is room to negotiate, but only if you come in with a clear read on what recent closings actually looked like.
The 60-Second Overview
Plazas Of St.Thomas market snapshot (as of September 20, 2026): the median sale price is about $165K, and a median 33 days on market for closed sales.
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.
CPAR sales records identify 9 homes in Plazas Of St.Thomas that have changed hands since 2019, built between 1985 and 1985 (median 1985), with a median living area of about 697 sq ft and a typical 1-bedroom, 1-bath layout; 89% are condominiums. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Plazas Of St.Thomas is a lower-priced entry point into Panama City Beach's condo market, with pricing and pace shaped by a small, closely watched pool of recent sales rather than a broad, liquid market.
The setting & the homes.
Aerial and on-site photos of Plazas Of St.Thomas. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Plazas Of St.Thomas
Plazas Of St.ThomasPhotos from CPAR MLS listings in Plazas Of St.Thomas; content deemed reliable but not guaranteed.
Who Plazas Of St.Thomas is best for.
Best for
- A buyer prioritizing a lower purchase price over amenities or a beach view.
- An investor comfortable evaluating a small, thinly-traded market unit by unit.
- A buyer with flexible timing who can wait through a market that moves in roughly six weeks, not days.
Probably not for
- A buyer who wants confirmed on-site amenities spelled out before making an offer.
- Anyone relying on broad market averages instead of pulling individual closed comps.
- A buyer expecting a fast, high-volume resale market with abundant recent sales data.
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 ($165K) IS the median in the snapshot above.
Windows contain 0 to 16 sales each (4 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.
12% of homes for sale in ZIP 32408 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 (2026-10-13).
Plazas Of St.Thomas Market Scorecard
Plazas Of St.Thomas is currently a balanced market., a median asking price of $199,000, and homes go under contract in about 63 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.
Plazas Of St.Thomas 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 Plazas Of St.Thomas buying strategy.
If we were buying in Plazas Of St.Thomas 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 Plazas Of St.Thomas.
A Small Market, Read Carefully
The appreciation story here is real: values have climbed 216% since 2012, which reflects a long runway of gains for anyone who bought in early and held. But that figure spans over a decade, and it says nothing about month-to-month volatility along the way. Treat it as a long-term trendline, not a promise about next year.
Recent activity has been tracked across a window of six closings, which is a thin sample by any standard. That is not a knock on the community, but it means each individual sale carries more weight in the data than it would in a larger complex. Anyone relying on comparable sales here should pull the actual closed listings rather than lean on averages alone, and community amenities are not confirmed in current MLS data, so verify directly with the HOA or property records before assuming what is or is not included.
The location and the amenities are priced into every listing in Plazas Of St.Thomas. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with only a handful of recent closings, the sale price you should expect depends heavily on which specific units sold and in what condition, information that does not show up in a median. We pull the actual closed comps, not just the summary number, and price or negotiate from there, whether you are trying to sell a unit that stands out from the pack or buy one without overpaying against a thin, small-sample market.
Plazas Of St.Thomas in 15 seconds.
What it really costs to own in Plazas Of St.ThomasCondos for Sale
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 $1,845/yr across 8 listings here (MLS tax records, 2026-10-16). |
|---|---|
| HOA dues | Median $430/month across 227 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 1985 across 10 listings. An original roof here would be about 41 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 $744/month (tax $154, HOA $430, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Plazas Of St.ThomasCondos for Sale
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 Plazas Of St.ThomasCondos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Plazas Of St.ThomasCondos for Sale will answer, and the answer is published on this page for the next buyer.
HOA, CDD & Fees
- HOA dues reported around $430/month (about $5,160/yr) · median of 227 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $430 per month ($5,160 a year) — the median AssociationFee across 227 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 Plazas Of St.Thomas 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 Plazas Of St.Thomas sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Plazas Of St.Thomas, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Plazas Of St.Thomas home worth?
Get a no-obligation home value based on real comparable sales in Plazas Of St.Thomas, 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 Plazas Of St.Thomas
Homes in Plazas Of St.Thomas 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. 2 on record.
- 8730 Thomas Drive 1201-B · off market
- 8730 Thomas Drive 1302A · off market
| Location | Panama City Beach, Bay County, FL · ZIP 32407, 32408 |
|---|---|
| Home types (current listings and sales) | condos 100% |
| Sale prices, last 12 months | $165,000 median across 4 closed sales |
| Days on market (closed sales) | 32 median |
| For sale right now | 5 active, 0 pending · median asking $199,000 |
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. Market figures describe homes, not residents. Cite as: Momentum Realty, “Plazas Of St.Thomas key facts,” movewithmomentum.com/neighborhoods/plazas-of-st-thomas, data as of September 20, 2026.
Housing distress & ownership in Plazas Of St.Thomas, 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 Plazas Of St.Thomas
The newest homes for sale in Plazas Of St.Thomas right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 8730 Thomas Drive 1301C, Panama City Beach, FL 32408 $159,000 · 1 bd · 1 ba · new today Courtesy of Berkshire Hathaway HomeServices Beach Properties of Florida
- 8730 Thomas Drive 1309A, Panama City Beach, FL 32408 $174,888 · 1 bd · 1 ba · 54 days on market Courtesy of Coastal Living Realty & Associates
- 8730 Thomas Drive 1306B, Panama City Beach, FL 32408 $198,999 · 1 bd · 1 ba · 63 days on market Courtesy of CENTURY 21 Ryan Realty Inc
- 8730 Thomas Drive 1207B, Panama City Beach, FL 32408 $199,900 · 1 bd · 1 ba · 178 days on market Courtesy of Counts Real Estate Group Inc
- 8730 Thomas Drive 1203 B, Panama City, FL 32408 $199,000 · 1 bd · 1 ba · 461 days on market Courtesy of Beach Haven Realty
Checked against the MLS Oct 16, 2026. All new listings in this market.
Every Home for Sale in Plazas Of St Thomas Right Now (5)
All 5 active and pending Plazas Of St Thomas listings with a detail page, newest first, refreshed twice a day from the MLS.
- 8730 Thomas Drive 1301C, Panama City Beach, Fl 32408 · $159,000 · 1 bd / 1 ba · listed Sep 11, 2026 · listed by Berkshire Hathaway HomeServices Beach Properties of Florida
- 8730 Thomas Drive 1306B, Panama City Beach, Fl 32408 · $198,999 · 1 bd / 1 ba · listed Sep 10, 2026 · listed by CENTURY 21 Ryan Realty Inc
- 8730 Thomas Drive 1309A, Panama City Beach, Fl 32408 · $174,888 · 1 bd / 1 ba · listed Jul 18, 2026 · listed by Coastal Living Realty & Associates
- 8730 Thomas Drive 1207B, Panama City Beach, Fl 32408 · $199,900 · 1 bd / 1 ba · listed Jul 16, 2026 · listed by Counts Real Estate Group Inc
- 8730 Thomas Drive 1203 B, Panama City, Fl 32408 · $199,000 · 1 bd / 1 ba · listed Jul 16, 2026 · listed by Beach Haven Realty
More Panama City Beach home searches
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- Panama City Beach home values: what is my house worth?
- ZIP 32407 housing scorecard
- 3 coming-soon communities in Bay County
Recent Developments in Plazas Of St Thomas
Development, infrastructure, retail, and school activity affecting Plazas Of St Thomas, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- 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 project is about 9 miles east of Plazas Of St Thomas, elsewhere in Bay County.
Source: WJHG - September 2026Development
Panama City Beach council upholds approval of Palmhaven development on Front Beach Road
The Panama City Beach City Council voted to uphold the Planning Board approval of Palmhaven, about 160 homes by Fischer Homes at 12610 Front Beach Road, with added conditions. The developer must build a multi-use trail, public park area and 40 public golf cart parking spaces, and a final development order is required before construction.
What it may mean for the marketAdds roughly 160 homes of new housing supply on the west Front Beach Road corridor, along with a new public park, trail and parking amenities. The site is about 1 mile south of Plazas Of St Thomas.
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 8 miles east of Plazas Of St Thomas.
Source: WJHG - July 2026Parks & Amenities
Panama City Beach approves $1.25 million to rehabilitate Conservation Park boardwalks
The Panama City Beach city council approved a budget of $1.25 million to rehabilitate more than one mile of boardwalks at Conservation Park. The funding covers rehabilitation of the park's boardwalk system.
What it may mean for the marketInvestment in Conservation Park boardwalks upgrades a recreational amenity in Panama City Beach. The project is about 9 miles northwest of Plazas Of St Thomas, elsewhere in Bay County.
Source: WJHG News Channel 7 - 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 project is about 9 miles east of Plazas Of St Thomas, elsewhere in Bay County.
Source: WJHG News Channel 7 - June 2026Infrastructure
Panama City moves downtown marina slip construction to bid, ends City Marina Partners deal
Panama City put the first 50 boat slips at the Downtown Marina out for contractor bids, with construction expected to begin shortly after a contract is awarded and the bid window closing June 16. Commissioners also ended their working relationship with City Marina Partners and budgeted payment for work already completed.
What it may mean for the marketProgress on downtown marina slip construction advances waterfront infrastructure in the Panama City core. The project is about 9 miles east of Plazas Of St Thomas, elsewhere in Bay County.
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
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Should you buy in Plazas Of St.Thomas?
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 14, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (80 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 Plazas Of St.ThomasCondos for Sale in Panama City Beach
- Home values · What homes in Plazas Of St.ThomasCondos for Sale in Panama City Beach actually sell for
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