Callaway Bayou Estates
Homes for Sale in Panama City, FL
All 245 homes for sale in Panama City, FL · median $349,900 · 308 homes for sale in 32404 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Callaway Bayou Estates in Panama City, FL has 1 home for sale. Over the 12 months ending 2026-09-20, 4 recorded sales closed at a median of $417,250, a median 76 days on market, sellers accepting 89% of original asking. At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $5,120 ($4,640 with the full homestead exemption).
Last 30 days in Callaway Bayou Estates: 1 new listing (median asking $349,800). As of October 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.
The 60-Second Overview
Callaway Bayou Estates market snapshot (as of September 20, 2026): the median sale price is about $417K, and a median 76 days on market for closed sales.
In ZIP 32404 (Panama City), 1,060 homes closed in the last 12 months at a median of $290K, down 3.3% year over year, with a median 58 days on market. Right now 391 active and 146 pending listings — a balanced market. See the live ZIP 32404 housing market and the Bay County market.
County records show 5 qualified sales in Callaway Bayou Estates across 2025–2025, median $339,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Callaway Bayou Estates is a community of 78 homes in Panama City, Bay County, built between 1977 and 2024 (median 1983.0), with a median living area of about 2,569 square feet. 74% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
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 ($417K) IS the median in the snapshot above.
Windows contain 0 to 4 sales each (4 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.
23% of homes for sale in ZIP 32404 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 (2026-10-20).
Callaway Bayou Estates Market Scorecard
Callaway Bayou Estates is currently a balanced market., a median asking price of $989,500, and homes go under contract in about 342 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.
Homes For Sale Right Now in Callaway Bayou Estates
Live MLS inventory for Callaway Bayou 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 Callaway Bayou 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 Callaway Bayou Estates buying strategy.
If we were buying in Callaway Bayou 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 Callaway Bayou Estates.
A closer look at the Callaway Bayou Estates market
Homes in Callaway Bayou Estates trade around a median of $417K, where condition and lot do more to set the final number than the asking price does.
The housing stock is 78 homes built between 1977 and 2024, and 74% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.
The location and the amenities are priced into every listing in Callaway Bayou Estates. The deal is won or lost on condition, the comps, and the renovation math.
What it really costs to own in Callaway Bayou Estates
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $2,922/yr across 4 listings here (MLS tax records, 2026-10-20). |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Bay County is $1,928/yr (1,264 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 1975 across 4 listings. An original roof here would be about 51 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
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 Callaway Bayou 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 Callaway Bayou Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Callaway Bayou 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 Callaway Bayou Estates home worth?
Get a no-obligation home value based on real comparable sales in Callaway Bayou 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 Panama City →
Recently off market in Callaway Bayou Estates
Homes in Callaway Bayou Estates 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. 3 on record.
- 249 Hugh Thomas Drive · off market
- 7027 Yellow Bluff Road · off market
- 7033 Yellow Bluff Road · off market
| Location | Panama City, Bay County, FL · ZIP 32404 |
|---|---|
| Homes in the community | 78 (FL DOR 2025 assessment roll) |
| Years built | 1977–2024 (median 1983.0) |
| Typical living area | 2,569 sq ft (median) |
| Sale prices, last 12 months | $417,250 median across 4 closed sales |
| Days on market (closed sales) | 76 median |
| For sale right now | 1 active, 1 pending · median asking $989,500 |
| Owner-occupied (homestead) share | 74% |
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; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Callaway Bayou Estates key facts,” movewithmomentum.com/neighborhoods/callaway-bayou-estates, data as of September 20, 2026.
Housing distress & ownership in Callaway Bayou Estates, Panama City
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.
Just listed in Callaway Bayou Estates
The newest homes for sale in Callaway Bayou Estates right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 7205 Hiawatha Street, Panama City, FL 32404 $349,800 · 3 bd · 2 ba · new today Courtesy of Coldwell Banker Realty
- 808 Plantation Drive, Panama City, FL 32404 $989,500 · 3 bd · 3 ba · 342 days on market Courtesy of Counts Real Estate Group
Checked against the MLS Oct 20, 2026. All new listings in this market.
Every Home for Sale in Callaway Bayou Estates Right Now (2)
All 2 active and pending Callaway Bayou Estates listings with a detail page, newest first, refreshed twice a day from the MLS.
- 7205 Hiawatha Street, Panama City, Fl 32404 · $349,800 · 3 bd / 2 ba · listed Oct 17, 2026 · listed by Coldwell Banker Realty
- 808 Plantation Drive, Panama City, Fl 32404 · $989,500 · 3 bd / 3 ba · listed Jul 22, 2026 · listed by Counts Real Estate Group
More Panama City home searches
- All homes for sale in Panama City, FL
- Homes for sale in Bay County, FL
- Homes under $300K in Panama City
- Homes from $300K to $500K in Panama City
- 4-bedroom homes for sale in Panama City
- Panama City home values: what is my house worth?
- ZIP 32404 housing scorecard
- 3 coming-soon communities in Bay County
Panama City guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Home insurance cost
- New construction
- ZIP codes
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
Real estate agent in Panama City? Join Momentum in Panama City: 100% commission, one $12K cap.
Email me new listings in Callaway Bayou Estates
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Callaway Bayou Estates
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Callaway Bayou Estates will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
What is the median home price in Callaway Bayou Estates?
How long do homes in Callaway Bayou Estates take to sell?
How many homes are in Callaway Bayou Estates?
What share of Callaway Bayou Estates is owner-occupied?
When were the homes in Callaway Bayou Estates built?
Who is the best real estate agent for Callaway Bayou Estates?
How do I find a top Panama City real estate agent who knows Callaway Bayou Estates?
Can Momentum Realty connect me with an agent for Callaway Bayou Estates?
Where is Callaway Bayou Estates, and what county is it in?
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: October 19, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32404)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (28 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 →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Callaway Bayou Estates fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Callaway Bayou Estates
- Home values · What homes in Callaway Bayou Estates actually sell for
Nearby Communities
Explore more neighborhoods near Callaway Bayou Estates with Momentum Realty’s local guides.