Waterhaven
Condos for Sale in Panama City Beach, FL
All 791 homes for sale in Panama City Beach, FL · median $369,900 · 751 condos for sale in Panama City Beach · 373 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 September 2026, Waterhaven in Panama City Beach, FL has 4 homes for sale, asking from $345,000 to $549,000 (median $349,450). Over the 12 months ending 2026-09-20, 9 recorded sales closed at a median of $580,000, a median 45 days on market, sellers accepting 94% of original asking (-1% versus the prior year). Homes listed or recently sold were built 2007–2007; 4 of 4 report an HOA (median $835/mo); none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 12 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $7,120 ($6,640 with the full homestead exemption).
| Location | Panama City Beach, Bay County, FL · ZIP 32408 |
|---|---|
| Sale prices, last 12 months | $580,000 median across 9 closed sales · -0.9% vs the prior 12 months |
| Days on market (closed sales) | 45 median |
| For sale right now | 4 active, 0 pending · median asking $349,950 |
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, “Waterhaven key facts,” movewithmomentum.com/neighborhoods/waterhaven, data as of September 20, 2026.
Last 30 days in Waterhaven: 2 new listings (median asking $449,450). 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 Waterhaven
Live MLS inventory for Waterhaven. 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 Waterhaven 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 Waterhaven Right Now (4)
All 4 active and pending Waterhaven listings with a detail page, newest first, refreshed twice a day from the MLS.
- 4138 Cobalt Circle Ro12, Panama City Beach, Fl 32408 · $549,000 · 4 bd / 5 ba · listed Sep 12, 2026 · listed by Anchor Realty Florida
- 2601 Mystic Lane Po61, Panama City Beach, Fl 32408 · $349,900 · 2 bd / 2 ba · listed Sep 8, 2026 · listed by Counts Real Estate Group Inc
- 2604 Mystic Lane Po13, Panama City, Fl 32408 · $345,000 · 3 bd / 3 ba · listed Jul 8, 2026 · listed by Think Real Estate
- 2605 Mystic Lane Po21, Panama City Beach, Fl 32408 · $349,000 · 2 bd / 2 ba · listed Jun 27, 2026 · listed by Anchor Realty Florida
Waterhaven's current median sits at $565,000, and the number that jumps out alongside it is the pace: a median of just 5 days on market. That combination tells you pricing is being set close to what the market will bear the moment a listing goes live, not through a long negotiation. With only 9 closings in the current window, each sale carries real weight in how the next one gets priced.
Pull back further and the picture is more nuanced. Prices here are down 8.1% year over year, even as the community sits up 186% since 2012. That is a market that ran hard for a long stretch and is now cooling from a high point rather than building from a low one. A market heat score of 68 backs that up: still active, not overheated. For a seller, that argues for pricing to current conditions rather than to last year's comps. For a buyer, the fast turnaround days mean showing up prepared, not hoping for room to negotiate on days-on-market alone.
Waterhaven right now
🟡 Off the recent peak. The trailing-12-month median ($580K) is down 0.9% from the prior 12 months ($585K) and up 158% 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 (9 and 8 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
Waterhaven market snapshot (as of September 20, 2026): the median sale price is about $580K, and a median 45 days on market for closed sales. The trailing-12-month median is down 1% from the prior 12 months and up 158% since 2012, computed from record-level CPAR MLS closed sales (9 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.
CPAR sales records identify 20 homes in Waterhaven that have changed hands since 2011, built between 2007 and 2007 (median 2007), with a median living area of about 1,608 sq ft and a typical 3-bedroom, 2.5-bath layout; 95% 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.
Waterhaven is a Panama City Beach community in Bay County where recent activity has been thin but fast-moving, with homes clearing the market in about a week at a median price of $565,000.
The setting & the homes.
Aerial and on-site photos of Waterhaven. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Waterhaven
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WaterhavenPhotos from CPAR MLS listings in Waterhaven; content deemed reliable but not guaranteed.
Who Waterhaven is best for.
Best for
- Buyers targeting a specific price point near $565,000 who are ready to act within days of a listing appearing
- Sellers wanting to test a market that, despite a recent pullback, still reflects a long-term run of value since 2012
- Buyers prioritizing the property and its location over a built-in amenity package
Probably not for
- Buyers who want a wide pool of active listings to compare side by side before deciding
- Buyers specifically seeking a community with organized shared amenities, since none are currently identified
- Sellers expecting to price purely off last year's figures without accounting for the recent year-over-year dip
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 ($580K) IS the median in the snapshot above, and the move from 2025 ($585K) IS the -0.9% one-year change.
Windows contain 5 to 24 sales each (9 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.
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 (2026-09-25).
Waterhaven Market Scorecard
Waterhaven is currently a balanced market., a median asking price of $349,950, and homes go under contract in about 98 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 Waterhaven, 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.
Waterhaven 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 Waterhaven buying strategy.
If we were buying in Waterhaven 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 Waterhaven.
A market thin on listings, quick on decisions
With 9 closings in the tracked window, Waterhaven is not a high-volume market, and that scarcity is part of what keeps days on market so low. When there is little to choose from, buyers who are ready tend to move immediately rather than wait and compare.
The 8.1% year-over-year pullback in price, set against a 186% gain since 2012, reads less as a reversal and more as a market catching its breath after a long run. No community amenities are currently identified from active MLS listings, so buyers evaluating Waterhaven should treat location and the home itself, not a shared amenity package, as the core of the value proposition here.
The location and the amenities are priced into every listing in Waterhaven. 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 Waterhaven 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 (7.0). Basis: Long-Term Appreciation +158% since 2012; Recent Direction -0.9% year-over-year; Pricing Power 93.8% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market moving this fast with this few closings to compare against, pricing a listing or evaluating an offer takes current, granular data rather than instinct. We track Waterhaven's numbers as they shift so our clients are not negotiating off a stale comp.
Waterhaven in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $943/month (about $11,316/yr) · median of 70 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $943 per month ($11,316 a year) — the median AssociationFee across 70 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 Waterhaven 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 Waterhaven sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Waterhaven, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Waterhaven home worth?
Get a no-obligation home value based on real comparable sales in Waterhaven, 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 Waterhaven
Homes in Waterhaven 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. 5 on record.
- 2602 Mystic Lane Po31 · off market
- 2603 Mystic Lane Po46 · off market
- 2604 Mystic Lane Po12 · off market
- 4113 Cobalt Circle P072 · off market
- 4113 Cobalt Circle Po73 · off market
Frequently Asked Questions
What is the median home price in Waterhaven?
How long do homes in Waterhaven take to sell?
Have Waterhaven home prices gone up?
Who is the best real estate agent for Waterhaven?
How do I find a top Panama City Beach real estate agent who knows Waterhaven?
Can Momentum Realty connect me with an agent for Waterhaven?
Where is Waterhaven, and what county is it in?
Should you buy in Waterhaven?
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 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (183 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 Waterhaven fits the bigger picture — live prices, inventory, and Momentum Scores:
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