Callaway Heights
Homes for Sale in Panama City, FL

Callaway Heights is a Panama City community of 219 homes spanning construction from 1950 to 2024, with a median year built of 1976 and median living area of 1,655 square feet — a profile that points to established, moderately sized housing stock rather than new construction.

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.

Callaway Heights is too small for its own price trend, so here is the market around it.

In ZIP 32404, 428 homes are on the market and 30% are under contract — a fast-moving corner of Panama City.

Across Bay County, 2,515 homes are active and 528 pending (17% under contract).

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.

ZIP and county figures describe the wider market, not Callaway Heights specifically. Momentum Research analysis of MLS records.

The age range in Callaway Heights — homes built anywhere from 1950 to 2024 — means this is not a subdivision with a single architectural era or a predictable build quality. Some homes will carry original systems and finishes; others will have been substantially updated or rebuilt. At a median living area of 1,655 square feet, most houses here fall into a comfortable mid-size range, suitable for buyers who want established construction without an oversized footprint to maintain.

No community amenities are identified from current MLS listings, which tells buyers this is a housing-first community rather than one organized around shared recreational infrastructure. That's a straightforward trade: what you're buying is the home and its lot, not access to a clubhouse or pool system. With just over half of homes under homestead exemption, there's a solid core of longer-term occupancy, which typically translates to steadier upkeep patterns across the community, though individual condition still needs to be verified home by home.

In a community spanning more than seventy years of construction, the difference between a sound purchase and a costly one often comes down to reading a property's specific history — permits, prior updates, and how it compares to what else is on the market. We walk buyers through that condition-by-condition, and help sellers position a home's age and upkeep honestly rather than let it get lumped in with the rest of the inventory.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.