Cove
Condos for Sale in Panama City, FL
All 257 homes for sale in Panama City, FL · median $349,000 · 235 condos for sale in Panama City · 120 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. 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).
| 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 Condominium key facts,” movewithmomentum.com/neighborhoods/cove-condominium, data as of September 20, 2026.
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.
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.
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.
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.
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.
13% 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 (2026-10-01).
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 224 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.
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.
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 2026-10-01, 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.
Every Home for Sale in Cove Condominium Right Now (1)
All 1 active and pending Cove Condominium listings with a detail page, newest first, refreshed twice a day from the MLS.
- 100 Cherry Street 604, Panama City, Fl 32401 · $399,000 · 3 bd / 3 ba · listed Jul 2, 2026 · listed by Corcoran Reverie
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.
HOA, CDD & Fees
- HOA dues reported around $1,643/month (about $19,716/yr) · median of 20 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $1,643 per month ($19,716 a year) — the median AssociationFee across 20 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 →
Recently off market in Cove Condominium
Homes in Cove Condominium 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. 1 on record.
- 100 Cherry Street 406 · off market
Frequently Asked Questions
What is the median home price in Cove Condominium?
How long do homes in Cove Condominium take to sell?
Who is the best real estate agent for Cove Condominium?
How do I find a top Panama City real estate agent who knows Cove Condominium?
Can Momentum Realty connect me with an agent for Cove Condominium?
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 1, 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.
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 Cove Condominium fits the bigger picture — live prices, inventory, and Momentum Scores:
More on CoveCondos for Sale in Panama City
- Home values · What homes in CoveCondos for Sale in Panama City actually sell for
Nearby Communities
Explore more neighborhoods near Cove with Momentum Realty’s local guides.