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.
39 luxury homes are for sale in Panama City, FL at $1,000,000 and up — median asking $1,450,000, the top listing at $8,475,000. 21% is new construction. Median days on market: 95.
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 | $5,900,000 | — | — | Hadley'S Beach |
| 9708 Beach Boulevard, Panama City, Fl 32408 | $4,998,500 | — | — | A W Pledger Panama City Beach |
| 5936 Gulf Drive, Panama City, Fl 32408 | $3,150,000 | — | — | Crescent Beach |
| 518 Bunkers Cove Road, Panama City, Fl 32401 | $2,850,000 | — | — | Sudduths |
| 8205 Surf Drive, Panama City, Fl 32408 | $2,825,000 | — | — | Bel Air |
| 4120 Nancee Drive, Panama City, Fl 32408 | $2,050,000 | — | — | Holiday Beach On The Gulf |
| 6806 Thomas Drive, Panama City, Fl 32408 | $2,000,000 | — | — | Holiday Beach |
| 3030 W 27Th Court, Panama City, Fl 32405 | $1,991,100 | — | — | Kings Point |
| 1522 Trout Lane, Panama City, Fl 32408 | $1,749,000 | — | — | Bay Point |
Where the luxury inventory is
| Community | Luxury listings | Median asking |
|---|---|---|
| Gulf Lagoon Beach | 3 | $1,499,000 |
| Bay Point | 3 | $1,444,000 |
| Hidden Dunes Condo | 2 | $1,249,950 |
| St. Andrews Park Place | 2 | $1,542,000 |
| Kings Point | 2 | $1,715,050 |
| Holiday Beach | 2 | $1,545,300 |
| Sterling Beach Condo | 2 | $1,300,000 |
| Bel Air | 2 | $2,125,000 |
| Preserve On The Bay | 1 | $8,475,000 |
| Treasure Cove | 1 | $1,024,000 |
| Silver Sands Beach | 1 | $1,730,000 |
| Long Beach | 1 | $1,199,999 |
Luxury inventory by price
| Band | For sale | Share |
|---|---|---|
| $1,000,000–$1,500,000 | 23 | 59% |
| $1,500,000–$2,000,000 | 8 | 21% |
| $2,000,000–$3,000,000 | 4 | 10% |
| $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 September 24, 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 257 homes for sale in Panama City.