Aqua
Condos for Sale in Panama City Beach, FL

Aqua market snapshot (as of September 20, 2026): the median sale price is about $910K, and a median 109 days on market for closed sales. The trailing-12-month median is up 43% from the prior 12 months and up 132% since 2012, computed from record-level CPAR MLS closed sales (5 closings in the current window).

In ZIP 32407 (Panama City Beach), 1,458 homes closed in the last 12 months at a median of $398K ($183/sq ft), down 1.6% year over year, with a median 80 days on market. Right now 1,101 active and 151 pending listings put supply at about 6.7 months — a buyer's market. See the live ZIP 32407 housing market and the Bay County market.

CPAR sales records identify 29 homes in Aqua that have changed hands since 2007, built between 2007 and 2007 (median 2007), with a median living area of about 1,368 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.

Flood zones in Aqua: of 11 listing addresses checked against the FEMA National Flood Hazard Layer, 100% are in a V-series coastal high-hazard zone. Individual parcels vary — verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City Beach.

Aqua is a Panama City Beach community in Bay County where prices have climbed 63% since 2012, but the current market heat score of 25 signals a slow, buyer-patient stretch rather than competitive bidding.

A market heat score of 25 combined with a 100-day median days-on-market tells the real story here: listings are not moving on urgency, they are moving on merit. Buyers have room to inspect, negotiate, and wait for the right unit rather than compete for the first one available.

The long-run appreciation figure — up 63% since 2012 — shows this is not a community that has stalled, it is one that has simply leveled off after a sustained run. Flat year-over-year pricing at this stage reads as consolidation, not weakness. No community amenities are listed in current MLS data, so any recreational or building features should be verified unit-by-unit rather than assumed from the community name.

With only 8 closings feeding the current snapshot and no amenities confirmed in MLS records, this is a community where the fine print matters more than the headline number. We pull the actual comparable sales, verify what each listing does and does not include, and price against real closed data instead of a thin, easily-skewed average.

Listings in this community report association dues of about $776 per month ($9,312 a year) — the median AssociationFee across 367 MLS records, normalised to a monthly figure; most are billed monthly. 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.