Luxury Homes for Sale in Panama City, FL
The luxury market in Panama City starts at $1,000,000. This page is every active listing at that level, refreshed nightly from the MLS, with what has actually closed, where the inventory sits and how long it takes to sell. For the wider picture see luxury communities in Bay County.
38 luxury homes are for sale in Panama City, FL at $1,000,000 and up — median asking $1,447,000, the top listing at $8,475,000. 21% is new construction. Median days on market: 101.
Newest luxury listings in Panama City
The most expensive homes for sale in Panama City
| Listing | Asking | Sq ft | $ / sq ft | Community |
|---|---|---|---|---|
| 3730 Preserve Bay Boulevard, Panama City, Fl 32408 | $8,475,000 | — | — | Preserve On The Bay |
| 5935 Gulf Drive, Panama City, Fl 32408 | $5,795,000 | — | — | bay county |
| 9708 Beach Boulevard, Panama City, Fl 32408 | $4,997,000 | — | — | bay county |
| 5944 Gulf Drive, Panama City, Fl 32408 | $3,299,000 | — | — | Crescent Beach |
| 518 Bunkers Cove Road, Panama City, Fl 32401 | $2,850,000 | — | — | bay county |
| 8205 Surf Drive, Panama City, Fl 32408 | $2,825,000 | — | — | bay county |
| 6806 Thomas Drive, Panama City, Fl 32408 | $2,000,000 | — | — | bay county |
| 13310 Front Beach Road, Panama City, Fl 32407 | $1,749,000 | — | — | bay county |
| 4109 Choctaw Street, Panama City, Fl 32408 | $1,695,999 | — | — | Silver Sands Beach |
| 401 & 405 Massalina Drive, Panama City, Fl 32401 | $1,658,000 | — | — | bay county |
Where the luxury inventory is
| Community | Luxury listings | Median asking |
|---|---|---|
| Bay Point | 4 | $1,296,500 |
| Gulf Lagoon Beach | 2 | $1,499,000 |
| St. Andrews Park Place | 2 | $1,542,000 |
| Preserve On The Bay | 1 | $8,475,000 |
| Silver Sands Beach | 1 | $1,695,999 |
| Long Beach | 1 | $1,199,999 |
| Hidden Dunes Condo | 1 | $1,349,900 |
| Grand Lagoon Pointe | 1 | $1,650,000 |
| Crescent Beach | 1 | $3,299,000 |
| Treasure Island | 1 | $1,200,000 |
| Bayview Heights | 1 | $1,195,000 |
| Martinique | 1 | $1,070,000 |
Luxury inventory by price
| Band | For sale | Share |
|---|---|---|
| $1,000,000–$1,500,000 | 23 | 61% |
| $1,500,000–$2,000,000 | 8 | 21% |
| $2,000,000–$3,000,000 | 3 | 8% |
| $3,000,000–$5,000,000 | 2 | 5% |
| $5,000,000+ | 2 | 5% |
How to read this
Luxury is defined here as asking prices at or above $1,000,000. Counts, medians and closings come from active and closed MLS listings as of November 3, 2026; closings are the trailing 12 months. Listings appear courtesy of the listing brokerage under IDX rules; information deemed reliable but not guaranteed. See also all 236 homes for sale in Panama City.