Treasure Island
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, Treasure Island in Panama City Beach, FL has 6 homes for sale and 2 pending, asking from $329,000 to $1,200,000 (median $500,000). Over the 12 months ending 2026-09-20, 10 recorded sales closed at a median of $462,500, a median 49 days on market, sellers accepting 94% of original asking (-4% versus the prior year). Homes listed or recently sold were built 1972–2005; 1 of the 8 geocoded homes sit in a FEMA special flood hazard zone (median elevation 10 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $5,680 ($5,190 with the full homestead exemption).
Last 30 days in Treasure Island: 2 new listings (median asking $575,000), 2 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 Treasure Island
Live MLS inventory for Treasure Island. 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 Treasure Island 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.
Treasure Island's numbers tell a market that has cooled hard from a longer run-up. Prices are down 21.7% year over year against a median of $425,000, even though values here are still up 325% since 2012. That combination — a sharp recent pullback layered on top of a long structural gain — is typical of a beach-adjacent market that ran well ahead of itself and is now giving some of it back. With only 9 closings in the current window, treat any single data point as directional, not precise.
A market heat score of 25 and a median 60 days on market both point to a buyer's market right now: homes are sitting, and sellers who priced for last year's numbers are getting corrected. With homestead share at just 25.1%, a large share of ownership here is non-primary — which tends to mean more properties come to market as condition or lifestyle plays rather than as forced sales, and pricing can vary widely by how well a given unit has been maintained.
Treasure Island right now
🟡 Off the recent peak. The trailing-12-month median ($462K) is down 3.6% from the prior 12 months ($480K) and up 189% 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 (10 and 11 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
Treasure Island market snapshot (as of September 20, 2026): the median sale price is about $462K, and a median 50 days on market for closed sales. The trailing-12-month median is down 4% from the prior 12 months and up 189% since 2012, computed from record-level CPAR MLS closed sales (10 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 4 qualified sales in Treasure Island across 2024–2025 (2 in 2024, 2 in 2025), median $619,900 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Treasure Island is a community of 71 homes in Panama City Beach, Bay County, built between 1963 and 2024 (median 1989.5), with a median living area of about 1,792 square feet. 34% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Treasure Island is a smaller pocket of 311 homes with a wide build era — from 1947 through 2024 — and a median year built of 1983, so buyers are looking at a real mix of older stock and newer or renovated construction rather than a single-generation neighborhood.
The setting & the homes.
Aerial and on-site photos of Treasure Island. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Treasure IslandPhotos from CPAR MLS listings in Treasure Island; content deemed reliable but not guaranteed.
Who Treasure Island is best for.
Best for
- Buyers looking for a non-primary or occasional-use property in a market where prices have recently pulled back
- Buyers willing to renovate or evaluate older construction (homes here date back to 1947) for long-term value
- Buyers with flexible timelines who can wait through a median 60-day sale process without urgency
Probably not for
- Buyers who want a move-in-ready home in a narrow, consistent build era
- Buyers who expect built-in community amenities as part of the purchase
- Buyers needing fast, predictable comps in a market with only 9 recent closings
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 ($462K) IS the median in the snapshot above, and the move from 2025 ($480K) IS the -3.6% one-year change.
Windows contain 3 to 16 sales each (10 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.
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 (2026-10-18).
Treasure Island Market Scorecard
Treasure Island is currently a balanced market., a median asking price of $569,500, and homes go under contract in about 101 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.
Treasure Island 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 Treasure Island buying strategy.
If we were buying in Treasure Island 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 Treasure Island.
A market resetting after a long climb
The headline here is the gap between the long-term trend and the current one. Since 2012, values in Treasure Island are up 325%, which is a substantial run. But the most recent year shows a 21.7% pullback, and days on market have stretched to a median of 60 — meaning listings are taking roughly two months to find a contract, longer than a tight market would allow. Sellers still anchored to peak pricing are likely the ones sitting longest.
The median living area is 1,805 square feet, and with build years spanning from 1947 to 2024, condition and vintage will drive price far more than square footage alone. No community amenities are currently identified from active MLS listings, so this is a market to evaluate on the home and lot itself, not on a shared amenity package. The low homestead share (25.1%) also suggests a meaningful share of buyers here are not moving in as a primary residence, which is worth factoring into how you read comparable sales.
The location and the amenities are priced into every listing in Treasure Island. 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 Treasure Island 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 (6.1). Basis: Long-Term Appreciation +189% since 2012; Recent Direction -3.6% year-over-year; Owner Commitment 34% owner-occupied; Pricing Power 93.8% sale-to-list. Refreshed with each data update.
Why work with Momentum here
With only 9 recent closings and a wide range of build years, generic comps do not hold up in Treasure Island — you need someone pulling the right handful of true matches and reading them against a market that is actively repricing. We track the DOM trend and the heat score in real time so buyers do not overpay into a softening market and sellers do not underprice against the longer 2012 baseline.
Treasure Island in 15 seconds.
What it really costs to own in Treasure Island
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 $3,626/yr across 14 listings here (MLS tax records, 2026-10-18). |
|---|---|
| HOA dues | Median $700/month across 45 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 1987 across 16 listings. An original roof here would be about 39 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 $1,163/month (tax $302, HOA $700, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Treasure Island
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 Treasure Island
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Treasure Island will answer, and the answer is published on this page for the next buyer.
HOA, CDD & Fees
- HOA dues reported around $700/month (about $8,400/yr) · median of 45 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $700 per month ($8,400 a year) — the median AssociationFee across 45 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 Treasure Island 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 Treasure Island sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Treasure Island, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Treasure Island home worth?
Get a no-obligation home value based on real comparable sales in Treasure Island, 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 Treasure Island
Homes in Treasure Island 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.
- 2911 Treasure Circle · off market
| Location | Panama City Beach, Bay County, FL · ZIP 32408 |
|---|---|
| Homes in the community | 71 (FL DOR 2025 assessment roll) |
| Years built | 1963–2024 (median 1989.5) |
| Typical living area | 1,792 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 75%, condos 12%, duplexes 12% |
| Sale prices, last 12 months | $462,500 median across 10 closed sales · -3.6% vs the prior 12 months |
| Days on market (closed sales) | 49 median |
| For sale right now | 6 active, 1 pending · median asking $569,500 |
| Owner-occupied (homestead) share | 34% |
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, “Treasure Island key facts,” movewithmomentum.com/neighborhoods/treasure-island--bay, data as of September 20, 2026.
Housing distress & ownership in Treasure Island, 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 Treasure Island
The newest homes for sale in Treasure Island right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 3704 Long John Drive, Panama City, FL 32408 $500,000 · 3 bd · 2 ba · new today Courtesy of Coldwell Banker Realty
- 3710 Benbow Street, Panama City, FL 32408 $650,000 · 3 bd · 3 ba · 22 days on market Courtesy of Hitchcock Real Estate LLC
- 4804 Hispaniola Street, Panama City, FL 32408 $1,200,000 · 3 bd · 4 ba · 75 days on market Courtesy of Counts Real Estate Group Inc
- 3321 Treasure Circle, Panama City Beach, FL 32408 $329,000 · 3 bd · 2 ba · 101 days on market Courtesy of Pineapple Properties
- 3211 Treasure Circle, Panama City Beach, FL 32408 $399,900 · 2 bd · 2 ba · 210 days on market Courtesy of Coastal Palms Real Estate
- 2910 Treasure Circle A & B, Panama City, FL 32408 $500,000 · 4 bd · 4 ba · 390 days on market Courtesy of Coastal Property Services, Inc
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
- 3 coming-soon communities in Bay County
Frequently Asked Questions
What is the median home price in Treasure Island?
How long do homes in Treasure Island take to sell?
How many homes are in Treasure Island?
What share of Treasure Island is owner-occupied?
When were the homes in Treasure Island built?
Have Treasure Island home prices gone up?
Who is the best real estate agent for Treasure Island?
How do I find a top Panama City Beach real estate agent who knows Treasure Island?
Can Momentum Realty connect me with an agent for Treasure Island?
Where is Treasure Island, and what county is it in?
Is Treasure Island a good place to live?
Should you buy in Treasure Island?
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 (1 streets, ZIP 32408)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (147 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 Treasure Island fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Treasure Island with Momentum Realty’s local guides.
More on Treasure Island
- Home values · What homes in Treasure Island actually sell for