Reflections
Condos for Sale in Panama City, FL
All 253 homes for sale in Panama City, FL · median $349,900 · 232 condos for sale in Panama City · 277 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, Reflections in Panama City, FL has 10 homes for sale and 1 pending, asking from $320,000 to $669,000 (median $464,000). Over the 12 months ending 2026-09-20, 6 recorded sales closed at a median of $412,500, a median 54 days on market, sellers accepting 91% of original asking (-18% versus the prior year). Homes listed or recently sold were built 2007–2007; 11 of 11 report an HOA (median $1,115/mo); 1 of the 11 geocoded homes sit in a FEMA special flood hazard zone (median elevation 9 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $5,060 ($4,580 with the full homestead exemption).
Last 30 days in Reflections: 3 new listings (median asking $499,999), 1 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 Reflections
Live MLS inventory for Reflections. 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 Reflections 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.
Reflections is a small pool to draw conclusions from — with only four closings in the current window, any single sale can swing the median, so treat the $424,750 figure as directional rather than exact. What we can say with more confidence is the pace: a median 76.5 days on market and a heat score of 40 point to a community where buyers are taking their time and sellers need to price with that in mind, not against it.
The year-over-year pull-back of 15% looks sharp in isolation, but it sits against a longer run of about 61% appreciation since 2012, so this reads more like a cooling-off from a strong multi-year climb than a structural decline. For sellers, that means pricing to today's slower pace rather than last year's number. For buyers, it means there's room to negotiate on terms and timeline without assuming the community is in distress.
Reflections right now
🔴 Off the recent peak. The trailing-12-month median ($412K) is down 17.5% from the prior 12 months ($500K) and up 74% 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 20. Confidence: Medium (6 and 6 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
Reflections market snapshot (as of September 20, 2026): the median sale price is about $412K, and a median 54 days on market for closed sales. The trailing-12-month median is down 18% from the prior 12 months and up 74% since 2012, computed from record-level CPAR MLS closed sales (6 closings in the current window).
In ZIP 32408 (Panama City), 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.
CPAR sales records identify 18 homes in Reflections that have changed hands since 2012, built between 2006 and 2007 (median 2007), with a median living area of about 1,458 sq ft and a typical 2-bedroom, 2-bath layout; 100% 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.
Flood zones in Reflections: of 8 listing addresses checked against the FEMA National Flood Hazard Layer, 88% sit outside the FEMA Special Flood Hazard Area (Zone X); 12% are in a V-series coastal high-hazard zone. Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City.
Reflections is a Panama City community built out mostly between 2007 and 2017, with a median build year of 2007 and homes running a modest median 1,458 square feet — a profile that skews toward smaller, single-story or moderate-footprint construction rather than large-format newer builds.
The setting & the homes.
Aerial and on-site photos of Reflections. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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ReflectionsPhotos from CPAR MLS listings in Reflections; content deemed reliable but not guaranteed.
Who Reflections is best for.
Best for
- Buyers prioritizing a specific Panama City location over community amenities.
- Buyers comfortable evaluating homes individually on condition, given the mixed owner-occupancy profile.
- Buyers working with a moderate budget near the community's median price point who can be patient through a slower-paced market.
Probably not for
- Buyers who want on-site amenities like a pool, clubhouse, or organized recreation included in the purchase.
- Buyers needing a fast close in a high-competition, low-inventory environment — the current pace here runs slower.
- Buyers who want a large, consistent sample of recent comparable sales to lean on before making an offer.
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 ($412K) IS the median in the snapshot above, and the move from 2025 ($500K) IS the -17.5% one-year change.
Windows contain 4 to 13 sales each (6 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.
9% of homes for sale in Reflections 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).
Reflections Market Scorecard
Reflections is currently a balanced market., a median asking price of $439,999, and homes go under contract in about 102 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.
Reflections 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 Reflections buying strategy.
If we were buying in Reflections 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 Reflections.
A compact, condition-driven market
With 114 homes total and a homestead share of just 27.2%, Reflections has a meaningful share of non-owner-occupied or investment-held inventory relative to primary residences. That mix matters for how a buyer should shop here: expect variation in upkeep and finish level from one listing to the next, since the community isn't dominated by long-tenured owner-occupants maintaining a consistent standard.
No community amenities are identified from current MLS listings, so whatever draws a buyer to Reflections is likely the home itself, the price point, or the Panama City location — not a clubhouse, pool, or shared recreational draw. That's worth factoring into any comparison against nearby Bay County communities that do market amenities as part of the value proposition.
The location and the amenities are priced into every listing in Reflections. 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 Reflections 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 (4.0). Basis: Long-Term Appreciation +74% since 2012; Recent Direction -17.5% year-over-year; Pricing Power 91.5% sale-to-list. Refreshed with each data update.
Why work with Momentum here
A market this thin — four closings in the tracked window, a wide 76.5-day median hold, and no listed amenities to anchor comparisons — rewards a broker who reads recent comps closely rather than relying on defaults. We price and negotiate Reflections listings against its own small, specific sales history, not a generic Panama City average.
Reflections in 15 seconds.
What it really costs to own in Reflections Condos 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 $5,305/yr across 16 listings here (MLS tax records, 2026-10-18). |
|---|---|
| HOA dues | Median $1,115/month across 454 MLS listings (most billed monthly; 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. Flood: of 8 listing addresses checked against the FEMA flood map, 88% sit outside the high-risk zone and 12% inside one, where flood insurance is required with a federally backed mortgage. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes). |
| Roof and age | Median build year 2007 across 22 listings. An original roof here would be about 19 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 $1,718/month (tax $442, HOA $1,115, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Reflections Condos 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 Reflections Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Reflections Condos for Sale will answer, and the answer is published on this page for the next buyer.
HOA, CDD & Fees
- HOA dues reported around $1,115/month (about $13,380/yr) · median of 454 MLS listings, most billed monthly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $1,115 per month ($13,380 a year) — the median AssociationFee across 454 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, 2026-10.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Flood & Insurance Context
Of 8 sampled listing addresses in this community: 88% outside the FEMA Special Flood Hazard Area (Zone X/B/C); 12% in a V-series coastal high-hazard zone.
Address-sampled; individual parcels vary - verify any specific address at msc.fema.gov. Check any address at FEMA's Flood Map Service Center, and see average home-insurance costs by Florida county.
Source: FEMA National Flood Hazard Layer, address-level lookups (n=8) · as of 2026-10
Tools for a Reflections 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 Reflections sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Reflections, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Reflections home worth?
Get a no-obligation home value based on real comparable sales in Reflections, 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 Reflections
Homes in Reflections 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. 6 on record.
- 4100 Marriott Drive 111 · off market
- 4100 Marriott Drive 203 · off market
- 4100 Marriott Drive 412 · off market
- 4100 Marriott Drive 511 · off market
- 4100 Marriott Drive 703 · off market
- 4100 Marriott Drive 706 · off market
| Location | Panama City, Bay County, FL · ZIP 32408 |
|---|---|
| Home types (current listings and sales) | condos 100% |
| Sale prices, last 12 months | $412,500 median across 6 closed sales · -17.5% vs the prior 12 months |
| Days on market (closed sales) | 54 median |
| For sale right now | 9 active, 0 pending · median asking $439,999 |
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, “Reflections key facts,” movewithmomentum.com/neighborhoods/reflections--bay, data as of September 20, 2026.
Just listed in Reflections
The newest homes for sale in Reflections right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 4100 Marriott Drive 210, Panama City, FL 32408 $449,000 · 2 bd · 2 ba · new today Courtesy of Dalton Wade Inc
- 4100 Marriott Drive 809, Panama City, FL 32408 $669,000 · 2 bd · 2 ba · 1 day on market Courtesy of Anchor Realty Florida
- 4100 Marriott Drive 204, Panama City, FL 32408 $499,999 · 2 bd · 2 ba · 27 days on market Courtesy of Realty One Group Emerald Coast
- 4100 Marriott Drive 108, Panama City, FL 32408 $429,900 · 2 bd · 2 ba · 32 days on market Courtesy of Beach House Sales and Development
- 4100 Marriott Drive 207, Panama City Beach, FL 32408 $320,000 · 1 bd · 1 ba · 68 days on market Courtesy of Corcoran Reverie
- 4100 Marriott 808 Drive 808, Panama City, FL 32408 $649,000 · 2 bd · 2 ba · 102 days on market Courtesy of Anchor Realty Florida
Checked against the MLS Oct 18, 2026. All new listings in this market.
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Frequently Asked Questions
What is the median home price in Reflections?
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Have Reflections home prices gone up?
Who is the best real estate agent for Reflections?
How do I find a top Panama City real estate agent who knows Reflections?
Can Momentum Realty connect me with an agent for Reflections?
Where is Reflections, and what county is it in?
Should you buy in Reflections?
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 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (123 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 Reflections fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
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More on Reflections Condos for Sale in Panama City
- Home values · What homes in Reflections Condos for Sale in Panama City actually sell for