Basswood Estates
Homes for Sale in Southport, FL
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
Basswood Estates is a condition-driven market, not a floor-plan market. With a build range spanning from 1930 all the way to 2024, and a median year built of 2001, what a buyer pays here tracks far more to the age, updates, and shape of the specific home than to any community standard. The single reference point we have is the median, and around it the spread is wide by nature: a mid-century structure and a recent build sit under the same community name.
The homestead share sits just above 60%, which points to a base of longer-hold ownership rather than a churn of investor product. For a seller, that means comparable sales can be uneven and dated, so pricing off a clean, current read matters. For a buyer, it means each listing deserves to be underwritten on its own condition and lot rather than assumed off the community label.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
Basswood Estates is a 131-home community in Southport with a build history running from 1930 to 2024 — a mix of eras under one name, where the individual home tells you far more than the averages do.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Basswood Estates is best for.
Best for
- Buyers who will inspect and price a home on its individual age and updates
- Those open to a renovation or older structure at a condition-adjusted number
- Owner-occupants seeking a longer hold in a majority-homestead community
Probably not for
- Buyers who want new-construction uniformity across the street
- Those expecting pools, clubhouses, or other shared amenities
- Short-horizon buyers relying on tidy, comparable resale comps
The market around Basswood Estates
Basswood Estates is too small for its own price trend, so here is the market around it.
In ZIP 32409, 103 homes are on the market and 28% are under contract — a steady corner of Southport.
Across Bay County, 2,515 homes are active and 528 pending (17% under contract).
In ZIP 32409 (Southport), 126 homes closed in the last 12 months at a median of $440K, up 0.4% year over year, with a median 64 days on market. Right now 80 active and 35 pending listings — a balanced market. See the live ZIP 32409 housing market and the Bay County market.
ZIP and county figures describe the wider market, not Basswood Estates specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Basswood Estates
Live MLS inventory for Basswood Estates. 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 Basswood Estates listings as of 2026-10-19, 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.
The Basswood Estates buying strategy.
If we were buying in Basswood Estates 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 Basswood Estates.
A wide-vintage market with no shared amenities
The defining feature here is age spread. A median year built of 2001 hides a nearly century-wide range, so two homes a street apart can differ in construction era, systems, and renovation history. Median living space lands near 1,752 square feet, but treat that as a midpoint and not a norm — plan to evaluate each home's footprint, updates, and structural age directly.
No community amenities were identified from current MLS listings. That is not a knock; it means value lives in the house and the lot, not in shared facilities or association-driven features. Buyers who want the home itself to carry the deal will read this market more accurately than those expecting a managed, amenity-anchored setting.
The location and the amenities are priced into every listing in Basswood Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this varied by vintage and condition, the community average is a poor guide to any single home. We price and evaluate each property on its own age, updates, and lot rather than leaning on a blanket comp, which is exactly the discipline a wide-range market like Basswood Estates demands.
Basswood Estates in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
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 Basswood Estates 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 Basswood Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Basswood Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Basswood Estates home worth?
Get a no-obligation home value based on real comparable sales in Basswood Estates, 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 Southport →
Should you buy in Basswood Estates?
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 19, 2026) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (37 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.
Recent Developments in Basswood Estates
Development, infrastructure, retail, and school activity affecting Basswood Estates, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Development
Tyndall Air Force Base rebuild continues with about 140 new facilities
WJHG reports Tyndall AFB is rebuilding with roughly 140 new hurricane-resistant facilities after Hurricane Michael in 2018, and now hosts F-35 squadrons. Most current projects are expected to finish by 2027, while other buildings await congressional funding and the work has faced labor and budget constraints.
What it may mean for the marketContinued base construction and F-35 operations sustain military and contractor employment and construction activity in the eastern Bay County area. The site is about 7 miles east of Basswood Estates.
Source: WJHG - September 2026Retail & Dining
Panama City meets Houston developer interested in part of Panama City Mall site
Panama City officials met a Houston developer interested in buying a portion of the largely vacant Panama City Mall, owned by Hendon Properties, with a retail focus. Discussions covered rezoning, possible CRA participation and plan submittal. The mayor called the FDOT US 231 widening, planned to six lanes from US 98 to SR 20, the biggest holdup.
What it may mean for the marketPossible retail redevelopment of a large vacant site could add shopping options near the US 231 corridor, with timing tied to road widening and rezoning. The project is about 10 miles north of Basswood Estates, elsewhere in Bay County.
Source: WJHG - August 2026Development
Deal reached to redevelop historic Panama City Grammar School into apartments and townhomes
Panama City reached a deal for developer Zachary Seymour to buy the 1914 Panama City Grammar School on East Seventh Street and convert it to apartments and townhomes. The city would waive about $375,000 in code fines and a $100,000 CRA grant is pending approval. Seymour has one year to finish structural repairs to roofs, windows and doors.
What it may mean for the marketReuse of a vacant historic building would add downtown-area residential units and remove a long-standing vacant property. The project is about 7 miles north of Basswood Estates, elsewhere in Bay County.
Source: WJHG - August 2026Infrastructure
HCA Florida Gulf Coast Hospital announces $125 million expansion
HCA Florida Gulf Coast Hospital announced a $125 million expansion on its 23rd Street campus, including a new patient tower with 34 additional beds, a 16-bed orthopedic and spine unit, a fourth cath lab, an expanded women's center and a 5,000-square-foot outpatient entrance expansion. The project is in design, with construction of 24 to 36 months and completion targeted for 2029.
What it may mean for the marketAdded hospital capacity and specialty services would improve local healthcare access and add medical-sector employment along the 23rd Street corridor. The site is about 8 miles north of Basswood Estates.
Source: WJHG - July 2026Civic
Panama City approves 12-month moratorium on AI data centers
Panama City commissioners unanimously approved a 12-month pause on AI data centers in certain areas, following a six-month restriction adopted by Bay County the prior week. The city said it will use the period to study data center operations and revisit how they fit into local zoning and land-use rules.
What it may mean for the marketA temporary pause shapes where data centers can locate while the city reviews zoning and land-use standards. The project is about 7 miles north of Basswood Estates, elsewhere in Bay County.
Source: WJHG News Channel 7 - June 2026Infrastructure
Panama City moves downtown marina slip construction to bid, ends City Marina Partners deal
Panama City put the first 50 boat slips at the Downtown Marina out for contractor bids, with construction expected to begin shortly after a contract is awarded and the bid window closing June 16. Commissioners also ended their working relationship with City Marina Partners and budgeted payment for work already completed.
What it may mean for the marketProgress on downtown marina slip construction advances waterfront infrastructure in the Panama City core. The project is about 7 miles north of Basswood Estates, elsewhere in Bay County.
Source: WJHG News Channel 7
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
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Common questions about Basswood Estates
Where is Basswood Estates?
Basswood Estates is a community in Southport, Bay County, Florida, ZIP 32409 / 32410 / 32466.
Are there homes for sale in Basswood Estates right now?
Yes — 0 active and 1 pending listings as of the last feed refresh (twice daily). They are listed on this page.
Does Basswood Estates have an HOA or CDD?
No HOA is on record for Basswood Estates in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
Housing distress & ownership in Basswood Estates, Southport
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.
Every Home for Sale in Basswood Estates Right Now (1)
All 1 active and pending Basswood Estates listings with a detail page, newest first, refreshed twice a day from the MLS.
- 9307 Gobbler Circle, Southport, Fl 32409 · $110,000 · 3 bd / 2 ba · pending · listed Sep 2, 2026 · listed by Salty Marlin Realty LLC
More Southport home searches
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- ZIP 32409 housing scorecard
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Southport guides & data
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Nearby Communities
Explore more neighborhoods near Basswood Estates with Momentum Realty’s local guides.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Bay County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Bay County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.