Donalson Point
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.
As of November 2026, the MLS records 1 closed sale in Donalson Point in Panama City, FL, the most recent in October 2026. Across Panama City as a whole, 371 homes closed in the last 12 months at a median of $300,000, 84 median days on market. At that median and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $3,680 ($3,200 with the full homestead exemption).
Donalson Point's pricing is driven almost entirely by the age spread in the housing stock. With homes built anywhere from 1936 to 2024 and a median year built of 1966, condition and updates do more to set value here than lot or square footage. The median price of $397,500 sits against a median living area of 2,167 square feet, so buyers are paying for a range of renovation states rather than a uniform product.
A median of just over 30 days on market and a heat score of 69 point to a market that is active but not frantic. Prices are down 3.6% year-over-year, which gives buyers some room to negotiate on condition and timeline rather than competing purely on speed. Sellers with updated homes still have leverage; sellers with deferred maintenance should expect that to show up in offers.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Donalson Point right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Donalson Point in Panama City, Bay County, mixes homes built across nearly nine decades, which means the market here is really several micro-markets sorted by renovation level rather than one consistent price band.
CPAR sales records identify 8 homes in Donalson Point that have changed hands since 2020, built between 1950 and 1997 (median 1977), with a median living area of about 2,600 sq ft and a typical 4-bedroom, 2.5-bath layout. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
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.
Who Donalson Point is best for.
Best for
- Buyers planning to renovate or willing to take on an older home in exchange for more negotiating room
- Buyers targeting a mid-$390s price point with flexibility on finish level
- Owner-occupant buyers comfortable in a market with a solid base of homestead-exempt owners rather than heavy investor turnover
Probably not for
- Buyers who want a single consistent build era or architectural style throughout the area
- Buyers expecting formal community amenities as part of the purchase
- Buyers unwilling to budget for condition-related repairs on an older home
The market around Donalson Point
Donalson Point 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 Donalson Point specifically. Momentum Research analysis of MLS records.
The Donalson Point buying strategy.
If we were buying in Donalson Point 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 Donalson Point.
A market shaped by age and condition
The 153 homes that make up this snapshot span original construction from 1936 through new builds completed in 2024, with a median year built of 1966. That spread matters more than any other single factor in how a given property is priced. Two homes with the same square footage can land in very different price territory depending on whether systems, roof, and finishes have been brought current.
Just over 62% of homes here carry a homestead exemption, indicating a market with a solid base of owner-occupied properties rather than one dominated by transient or investment turnover. No formal community amenities are identified from current MLS listings, so value here is tied to the individual home and its lot rather than shared recreational infrastructure.
The location and the amenities are priced into every listing in Donalson Point. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this age-diverse, pricing a home correctly means reading condition and updates against comparable sales, not just square footage. We track what is actually closing in Donalson Point and help buyers and sellers separate a fair price for a well-maintained property from a discount that should come with a dated one.
Donalson Point in 15 seconds.
Tools for a Donalson Point 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 Donalson Point sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Donalson Point, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
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Recently off market in Donalson Point
Homes in Donalson Point 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.
- 1440 Dover Road · off market
- 5007 Donalson Road · off market
| Location | Panama City, Bay County, FL · ZIP 32404 |
|---|---|
| Homes in the community | 37 (FL DOR 2025 assessment roll) |
| Years built | 1947–2024 (median 1959) |
| Typical living area | 2,170 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 77% |
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, “Donalson Point key facts,” movewithmomentum.com/neighborhoods/donalson-point, data as of November 11, 2026.
Housing distress & ownership in Donalson Point, 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.
More Panama City home searches
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- ZIP 32404 housing scorecard
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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 11, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 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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