Callaway Corners
Homes for Sale in Panama City, FL
All 268 homes for sale in Panama City, FL · median $349,900 · 413 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 November 2026, Callaway Corners in Panama City, FL has 5 homes for sale and 1 pending, asking from $235,000 to $274,999 (median $248,900). Homes listed or recently sold were built 2010–2021; 6 of 6 report an HOA (median $72/mo); none of the 6 geocoded homes sit in a FEMA special flood hazard zone (median elevation 31 ft).
Last 30 days in Callaway Corners: 4 new listings (median asking $244,450), 1 under contract right now. As of November 11, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Callaway Corners
Live MLS inventory for Callaway Corners. 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 · 71 daysTop listing
Active · 26 days
Active · 20 days
Active · 3 days
Active · 1 daysActive and pending Callaway Corners listings as of 2026-11-12, 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.
Callaway Corners is a condition-and-vintage story, not a floor-plan story. With homes built anywhere from 1942 to 2024 and a median year built around 2006, price here is set less by the neighborhood and more by which end of that spectrum a given house sits on — how it's been maintained, updated, or rebuilt. The single number to anchor on is the median living area of roughly 1,660 square feet; expect a wide spread on either side.
For buyers, that spread is the opportunity: this is a market where doing your homework on a specific house pays off, because two homes a block apart can be decades and a renovation apart. For sellers, it means condition and honest presentation carry the day — the pool of 280 homes is varied enough that comparables must be chosen carefully, and pricing off a superficial match will mislead you.
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
Callaway Corners is an established, mixed-vintage pocket of Panama City in Bay County, where the housing stock runs from mid-century originals to new construction. Just over half the homes carry a homestead exemption, which points to a core of owner-occupants rather than a purely investor-driven block.
CPAR sales records identify 27 homes in Callaway Corners that have changed hands since 2018, built between 2008 and 2021 (median 2018), with a median living area of about 1,535 sq ft and a typical 3-bedroom, 2.5-bath layout; 67% are single-family homes. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 17 qualified sales in Callaway Corners across 2024–2025 (13 in 2024, 4 in 2025), median $272,900 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
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.
The setting & the homes.
Aerial and on-site photos of Callaway Corners. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Callaway CornersPhotos from CPAR MLS listings in Callaway Corners; content deemed reliable but not guaranteed.
Who Callaway Corners is best for.
Best for
- Buyers with a renovation budget and the appetite to add value to an older home
- Owner-occupants seeking a mid-sized home who plan to homestead and stay
- Value hunters comfortable inspecting closely and negotiating on condition
Probably not for
- Buyers who want an HOA and shared amenities baked into the deal
- Buyers expecting uniform, same-era construction with predictable pricing
- Anyone who wants a hands-off, turnkey purchase with no condition risk
The market around Callaway Corners
Callaway Corners is too small for its own price trend, so here is the market around it.
In ZIP 32404, 408 homes are on the market and 21% are under contract — a steady corner of Panama City.
Across Bay County, 2,406 homes are active and 434 pending (15% under contract).
In ZIP 32404 (Panama City), 223 homes closed in the last 12 months at a median of $275K, with a median 90 days on market. Right now 203 active and 64 pending listings put supply at about 10.9 months — a soft market. See the live ZIP 32404 housing market and the Bay County market.
ZIP and county figures describe the wider market, not Callaway Corners specifically. Momentum Research analysis of MLS records.
Callaway Corners on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from CPAR MLS. Map data © OpenStreetMap contributors.
The Callaway Corners buying strategy.
If we were buying in Callaway Corners 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 Corners.
A wide-vintage market where the house matters more than the map
The defining fact here is the range of construction years — 1942 through 2024. A community that has been building and rebuilding for that long doesn't have a single "type" of home; it has layers. The median year built near 2006 tells you the middle of the pack is a generation newer than the oldest stock, but averages hide the extremes, and in Callaway Corners the extremes are the whole point. Budget your inspection dollars accordingly.
Amenities are not the draw. Current MLS listings identify no community amenities, so value here comes from the individual property, the lot, and location within Panama City rather than shared facilities or an HOA package. With a homestead share just above half, this reads as a lived-in neighborhood rather than a rental-heavy one — useful context if you're weighing owner-occupant stability against turnover.
The location and the amenities are priced into every listing in Callaway Corners. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a neighborhood where a house can be a 1940s original or a 2024 build, the comp you pull matters more than the average you read. We select comparables by vintage and condition, not just proximity, so you're not paying new-construction money for deferred maintenance — or underpricing a renovated home against a tired one. That discipline is where we earn our keep in Callaway Corners.
Callaway Corners in 15 seconds.
Tools for a Callaway Corners 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 Corners sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Callaway Corners, 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 Corners home worth?
Get a no-obligation home value based on real comparable sales in Callaway Corners, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in Callaway Corners
Homes in Callaway Corners 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. 2 on record.
- 306 Brooke Court · off market
- 315 Gabrielle Lane · off market
| Location | Panama City, Bay County, FL · ZIP 32404 |
|---|---|
| Homes in the community | 120 (FL DOR 2025 assessment roll) |
| Years built | 1989–2021 (median 2019.0) |
| Typical living area | 1,655 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 100% |
| For sale right now | 5 active, 1 pending · median asking $248,900 |
| Owner-occupied (homestead) share | 46% |
Data as of November 11, 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 Corners key facts,” movewithmomentum.com/neighborhoods/callaway-corners, data as of November 11, 2026.
Housing distress & ownership in Callaway Corners, 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.
Every Home for Sale in Callaway Corners Right Now (6)
All 6 active and pending Callaway Corners listings with a detail page, newest first, refreshed twice a day from the MLS.
- 405 Raven Lane, Panama City, Fl 32404 · $235,000 · 3 bd / 2 ba · listed Nov 7, 2026 · listed by CENTURY 21 Commander Realty
- 336 Raven Lane, Panama City, Fl 32404 · $248,900 · 3 bd / 3 ba · listed Oct 16, 2026 · listed by Think Real Estate
- 406 Raven Lane, Panama City, Fl 32404 · $260,000 · 3 bd / 3 ba · listed Oct 7, 2026 · listed by Beachy Beach Real Estate
- 311 Brooke Court, Panama City, Fl 32404 · $240,000 · 3 bd / 2 ba · listed Oct 3, 2026 · listed by Keller Williams Success Realty
- 309 Raven Lane, Panama City, Fl 32404 · $249,000 · 4 bd / 3 ba · pending · listed Sep 10, 2026 · listed by EXP Realty LLC
- 311 N Gay Avenue, Panama City, Fl 32404 · $274,999 · 4 bd / 3 ba · listed Aug 30, 2026 · listed by Beachy Beach Real Estate
More Panama City home searches
- All homes for sale in Panama City, FL
- Homes for sale in Bay County, FL
- Panama City home values: what is my house worth?
- ZIP 32404 housing scorecard
- 5 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
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
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20% 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 (2026-11-12).
What it really costs to own in Callaway Corners
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 $2,846/yr across 12 listings here (MLS tax records, 2026-11-12). |
|---|---|
| HOA dues | Median $72/month across 6 MLS listings (most billed monthly; 2026-11-12). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| 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 2019 across 12 listings. Newer roofs and current wind-mitigation features usually mean the lower end of insurance quotes. |
Estimated carrying cost at the median asking price, before the mortgage: about $470/month (tax $237, HOA $72, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Callaway Corners
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 Corners
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Callaway Corners will answer, and the answer is published on this page for the next buyer.
Recent Developments in Callaway Corners
Development, infrastructure, retail, and school activity affecting Callaway Corners, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Parks & Amenities
Zollie Young Park off Mill Bayou Road nears completion after $300K+ county investment
Bay County is finishing Zollie Young Park with a walking trail, two pavilions, a playground, a kayak launch on Mill Bayou and an enclosed dog park, paid from the general fund. No firm finish date was given. A commissioner also said $1.2 million of grant-funded work at High Point Landing should wrap up in December.
What it may mean for the marketA new water-access park adds walking, paddling and dog-park amenities for nearby residents of east Bay County. The project is about 10 miles northwest of Callaway Corners, elsewhere in Bay County.
Source: WJHG - 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 9 miles southwest of Callaway Corners.
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 11 miles west of Callaway Corners, elsewhere in Bay County.
Source: WJHG - August 2026Infrastructure
Bay County approves $13.5 million water treatment plant expansion
Bay County commissioners approved a $13.5 million contract with NCMC Construction to add three large sand filters (30 by 50 feet each) to the county water treatment plant, which now runs 11 filters. Construction is expected to start soon and take about a year, and officials say water bills should not rise because of it.
What it may mean for the marketAdded filtration and backup capacity supports water service reliability for a county where demand has more than doubled in 15 years. The project is about 10 miles northwest of Callaway Corners, elsewhere in Bay County.
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 11 miles west of Callaway Corners, elsewhere in Bay County.
Source: WJHG News Channel 7 - June 2026Development
Panama City commissioners approve Community Development District for 1,800-home neighborhood
Panama City commissioners approved a Community Development District for a planned neighborhood of about 1,800 homes east of John Pitts Road in north Panama City. Under the CDD, road maintenance within the neighborhood stays with the district rather than transferring to the city.
What it may mean for the marketA new large-scale residential district adds housing supply and internally maintained streets to the north Panama City market. The project is about 9 miles northwest of Callaway Corners, 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.
Frequently Asked Questions
How many homes are in Callaway Corners?
What share of Callaway Corners is owner-occupied?
When were the homes in Callaway Corners built?
Who is the best real estate agent for Callaway Corners?
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Where is Callaway Corners, and what county is it in?
Should you buy in Callaway Corners?
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: November 12, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32404)) |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (1 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.
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