Cove
Condos for Sale in Panama City, FL
All 245 homes for sale in Panama City, FL · median $349,900 · 224 condos for sale in Panama City · 117 homes for sale in 32401 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Cove Condominium in Panama City, FL has 1 home for sale. Over the 12 months ending 2026-09-20, 6 recorded sales closed at a median of $259,750, a median 226 days on market, sellers accepting 82% of original asking. Homes listed or recently sold were built 1975–1975; 3 of 3 report an HOA (median $930/mo); 3 of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 5 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,190 ($2,700 with the full homestead exemption).
Last 30 days in Cove: 2 new listings (median asking $299,500). 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.
Homes For Sale Right Now in Cove Condominium
Live MLS inventory for Cove Condominium. 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 Cove Condominium 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 number that matters most at Cove Condominium isn't the median price, it's the median days on market: just over 226 days. That's a slow-moving book of business, and with only 6 closings in the current window, pricing here is set by a handful of transactions rather than a deep, liquid market. A single unusual unit can swing the median in either direction.
For sellers, that pace means pricing has to be realistic from day one; overpricing in a market this thin doesn't just cost time, it can stall a listing for the better part of a year. For buyers, the same slowness is leverage — there's room to negotiate on price and terms when a unit has already sat, and less competitive pressure to move fast.
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
Cove Condominium market snapshot (as of September 20, 2026): the median sale price is about $260K, and a median 227 days on market for closed sales.
In ZIP 32401 (Panama City), 337 homes closed in the last 12 months at a median of $307K, up 0.5% year over year, with a median 62 days on market. Right now 166 active and 29 pending listings — a buyer's market. See the live ZIP 32401 housing market and the Bay County market.
CPAR sales records identify 5 homes in Cove Condominium that have changed hands since 2024, built between 1975 and 1975 (median 1975), with a median living area of about 1,250 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.
Cove Condominium in Panama City has posted a median sale price of $259,750 on a small sample of recent closings, with no community amenities identified in current MLS listings — buyers should confirm what, if anything, the association offers directly.
The setting & the homes.
Aerial and on-site photos of Cove Condominium. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Cove Condominium
Cove Condominium
Cove CondominiumPhotos from CPAR MLS listings in Cove Condominium; content deemed reliable but not guaranteed.
Who Cove Condominium is best for.
Best for
- A buyer with flexible timing who can wait through a longer listing and negotiation period
- A buyer prioritizing unit condition and price over building amenities
- An investor comfortable pricing off a thin comp set rather than a tight market band
Probably not for
- A buyer who needs a fast, predictable closing timeline
- A buyer who wants confirmed on-site amenities as part of the purchase
- A buyer relying on a tight, high-volume comp set to validate price
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 ($260K) IS the median in the snapshot above.
Windows contain 1 to 8 sales each (6 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.
14% of homes for sale in ZIP 32401 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).
Cove Condominium Market Scorecard
Cove Condominium is currently a balanced market., a median asking price of $399,000, and homes go under contract in about 0 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.
Cove Condominium 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 Cove Condominium buying strategy.
If we were buying in Cove Condominium 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 Cove Condominium.
A thin market, priced accordingly
Six closings is not enough volume to establish a tight, confident price band. The $259,750 median should be read as a general marker rather than a precise valuation tool — the actual spread between units, depending on condition, floor, and view, can be wide in a building this size and this lightly traded.
The 226.5-day median days-on-market figure is the more telling data point. It suggests listings here typically require patience on both sides of the table — sellers waiting for the right buyer, buyers waiting out a seller's initial asking price. Anyone transacting at Cove should plan a timeline in months, not weeks.
The location and the amenities are priced into every listing in Cove Condominium. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thin, the value of local, current data goes up, not down — a handful of comps can mislead if you don't know which ones are outliers. We track what's actually closing at Cove Condominium and price or negotiate against that reality, not a stale estimate.
Cove Condominium in 15 seconds.
What it really costs to own in Cove Condos for Sale
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 $4,425/yr across 6 listings here (MLS tax records, 2026-10-20). |
|---|---|
| HOA dues | Median $930/month across 3 MLS listings (most billed quarterly; 2026-10-20). 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 1975 across 6 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. |
Estimated carrying cost at the median asking price, before the mortgage: about $1,459/month (tax $369, HOA $930, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Cove Condos for Sale
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 Cove Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Cove Condos for Sale will answer, and the answer is published on this page for the next buyer.
HOA, CDD & Fees
- HOA dues reported around $930/month (about $11,160/yr) · median of 3 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $930 per month ($11,160 a year) — the median AssociationFee across 3 MLS records, normalised to a monthly figure; most are billed quarterly. 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.
Tools for a Cove Condominium 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 Cove Condominium sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Cove Condominium, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Cove Condominium home worth?
Get a no-obligation home value based on real comparable sales in Cove Condominium, 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 →
| Location | Panama City, Bay County, FL · ZIP 32401 |
|---|---|
| Sale prices, last 12 months | $259,750 median across 6 closed sales |
| Days on market (closed sales) | 226 median |
| For sale right now | 1 active, 0 pending · median asking $399,000 |
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. Market figures describe homes, not residents. Cite as: Momentum Realty, “Cove key facts,” movewithmomentum.com/neighborhoods/cove-condominium, data as of September 20, 2026.
Housing distress & ownership in Cove Condominium, 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 Cove
The newest homes for sale in Cove right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 100 Cherry Street 501, Panama City, FL 32401 $310,000 · 2 bd · 2 ba · new today Courtesy of Coldwell Banker Realty
- 100 Cherry Street 406, Panama City, FL 32401 $289,000 · 2 bd · 2 ba · new today Courtesy of Realty One Group Emerald Coast
- 100 Cherry Street 604, Panama City, FL 32401 $399,000 · 3 bd · 3 ba · 252 days on market Courtesy of Corcoran Reverie
Checked against the MLS Oct 20, 2026. All new listings in this market.
Every Home for Sale in Cove Condominium Right Now (3)
All 3 active and pending Cove Condominium listings with a detail page, newest first, refreshed twice a day from the MLS.
- 100 Cherry Street 406, Panama City, Fl 32401 · $289,000 · 2 bd / 2 ba · listed Oct 14, 2026 · listed by Realty One Group Emerald Coast
- 100 Cherry Street 501, Panama City, Fl 32401 · $310,000 · 2 bd / 2 ba · listed Oct 7, 2026 · listed by Coldwell Banker Realty
- 100 Cherry Street 604, Panama City, Fl 32401 · $399,000 · 3 bd / 3 ba · listed Jul 22, 2026 · listed by Corcoran Reverie
More Panama City home searches
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- Panama City home values: what is my house worth?
- ZIP 32401 housing scorecard
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Panama City guides & data
- Market data
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- Flood zones
- Home insurance cost
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- 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
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Recent Developments in Cove Condominium
Development, infrastructure, retail, and school activity affecting Cove Condominium, 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 9 miles southeast of Cove Condominium.
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 site is about 1 mile north of Cove Condominium.
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 site is about 1 mile south of Cove Condominium.
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 1 mile west of Cove Condominium.
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 site is about 7 miles northeast of Cove Condominium.
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 site is about 1 mile south of Cove Condominium.
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
What is the median home price in Cove Condominium?
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Where is Cove, and what county is it in?
Should you buy in Cove Condominium?
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) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (46 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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More on Cove Condos for Sale in Panama City
- Home values · What homes in Cove Condos for Sale in Panama City actually sell for
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