The Commodore
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, The Commodore 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 $515,000, a median 85 days on market, sellers accepting 92% of original asking (+11% versus the prior year). Homes listed or recently sold were built 1985–1985; 3 of 3 report an HOA (median $794/mo); none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 15 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $6,320 ($5,840 with the full homestead exemption).
Homes For Sale Right Now in The Commodore
Live MLS inventory for The Commodore. 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 The Commodore 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.
The Commodore is a single-vintage building — every unit dates to 1985 — so what separates one listing from the next is almost entirely condition and how recently the interior has been updated. At a median of just over 1,000 square feet, these are compact, efficient floor plans, and pricing reflects renovation work more than location or view differences within the property.
With a median days-on-market around 85, this is not a building where units move quickly, and the market heat score in the low 30s confirms a slower, more negotiated pace. That gives buyers real room to inspect and price-shop, while sellers need to price to condition rather than to the neighbor's ask and expect the process to take time.
The Commodore right now
🟢 Still climbing. The trailing-12-month median ($515K) is up 10.8% from the prior 12 months ($465K) and up 214% 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: Medium (12 and 21 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
The Commodore market snapshot (as of September 12, 2026): the median sale price is about $515K, and a median 85 days on market for closed sales. The trailing-12-month median is up 11% from the prior 12 months and up 214% since 2012, computed from record-level CPAR MLS closed sales (12 closings in the current window).
In ZIP 32408 (Panama City Beach), 1,783 homes closed in the last 12 months at a median of $412K, up 0.0% year over year, with a median 76 days on market. Right now 1,192 active and 225 pending listings — a buyer's market. See the live ZIP 32408 housing market and the Bay County market.
CPAR sales records identify 17 homes in The Commodore that have changed hands since 2004, built between 1985 and 1985 (median 1985), with a median living area of about 1,056 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.
Built out in a single year — 1985 — The Commodore is a fixed inventory of 134 homes in Panama City Beach, so supply here doesn't grow; it only turns over as owners sell.
The setting & the homes.
Aerial and on-site photos of The Commodore. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
The Commodore
The Commodore
The CommodorePhotos from CPAR MLS listings in The Commodore; content deemed reliable but not guaranteed.
Who The Commodore is best for.
Best for
- Buyers targeting a Panama City Beach condo purchase in the mid-$500s who prioritize location over building amenities
- Investment-minded buyers comfortable with a building where the large majority of units are already non-homestead
- Buyers willing to fund updates in a 1985-built unit in exchange for entry at established pricing
Probably not for
- Buyers who want move-in-ready with zero renovation risk across the board
- Sellers who need a fast turnaround, given a median days-on-market near 85
- Buyers specifically shopping for on-site community amenities, since none are identified from current listings
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 ($515K) IS the median in the snapshot above, and the move from 2025 ($465K) IS the +10.8% one-year change.
Windows contain 1 to 24 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.
11% 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 (2026-09-19).
The Commodore Market Scorecard
The Commodore is currently a thin data market. Limited supply, a median asking price of $390,000, and homes go under contract in about 113 days.
Typical home value in the 32408 ZIP is $370,292, about 2.6% 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 The Commodore, 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.
The Commodore 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 The Commodore buying strategy.
If we were buying in The Commodore 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 The Commodore.
One building, one story
The homestead share here sits at just 6.7%, a strong signal that most owners are not living here as a primary residence. That points to a building used predominantly for investment or secondary-home purposes, which shapes everything from HOA rhythms to how often units cycle onto the market.
Price has moved with real conviction over time — up 214% since 2012 and 8.4% in the past year alone — even as current velocity has slowed. That combination, strong long-run appreciation against a cooler present-day heat score, suggests a property that has already re-rated meaningfully and is now trading at a more measured, condition-sensitive pace rather than a rapid one.
The location and the amenities are priced into every listing in The Commodore. 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 The Commodore 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 (7.9). Basis: Long-Term Appreciation +214% since 2012; Recent Direction +10.8% year-over-year; Pricing Power 92.4% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a single-vintage building where every unit shares the same 1985 bones, the deal is won or lost on what's been updated and what hasn't. We track recent closings inside The Commodore specifically, so you're pricing against real comparable sales and real renovation scope, not a building-wide average that hides which units are worth the ask.
The Commodore in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $794/month (about $9,528/yr) · median of 21 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $794 per month ($9,528 a year) — the median AssociationFee across 21 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 The Commodore 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 The Commodore sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in The Commodore, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your The Commodore home worth?
Get a no-obligation home value based on real comparable sales in The Commodore, 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 The Commodore on the map →
Recently off market in The Commodore
Homes in The Commodore 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.
- 4715 Thomas Drive 808C · off market
Frequently Asked Questions
What is the median home price in The Commodore?
How long do homes in The Commodore take to sell?
Have The Commodore home prices gone up?
Who is the best real estate agent for The Commodore?
How do I find a top Panama City Beach real estate agent who knows The Commodore?
Can Momentum Realty connect me with an agent for The Commodore?
Where is The Commodore, and what county is it in?
Should you buy in The Commodore?
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 (128 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 →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how The Commodore fits the bigger picture — live prices, inventory, and Momentum Scores:
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