Dunes Of Panama
Condos for Sale in Panama City Beach, FL
All 731 homes for sale in Panama City Beach, FL · median $365,000 · 694 condos for sale in Panama City Beach · 397 homes for sale in 32407 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of October 2026, Dunes Of Panama in Panama City Beach, FL has 9 homes for sale and 3 pending, asking from $449,990 to $889,000 (median $485,000). Over the 12 months ending 2026-09-20, 9 recorded sales closed at a median of $459,183, a median 24 days on market, sellers accepting 93% of original asking (-2% versus the prior year). Homes listed or recently sold were built 1974–1985; 12 of 12 report an HOA (median $1,089/mo); 9 of the 12 geocoded homes sit in a FEMA special flood hazard zone (median elevation 12 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $5,640 ($5,150 with the full homestead exemption).
Last 30 days in Dunes Of Panama: 1 new listing (median asking $449,990), 3 under contract right now. 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 Dunes Of Panama
Live MLS inventory for Dunes Of Panama. 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 Dunes Of Panama 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.
Dunes Of Panama sits at a median of $457,541.50, with homes moving in a median of just under 20 days once listed. That pace says buyers are still acting quickly when a well-priced, well-condition unit hits — but the year-over-year figure is down 4.1%, so the fast turnover is happening at softer prices than a year ago, not stronger ones.
The market heat score of 45 reflects that split: enough activity to keep days-on-market low, not enough pricing pressure to push values up right now. Long-run, the community has appreciated 158% since 2012, so the current pullback reads as a pause within a much longer climb rather than a reversal of it.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Dunes Of Panama right now
🟡 Off the recent peak. The trailing-12-month median ($459K) is down 1.8% from the prior 12 months ($468K) and up 162% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Low (9 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 20, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Dunes Of Panama market snapshot (as of September 20, 2026): the median sale price is about $459K, and a median 24 days on market for closed sales. The trailing-12-month median is down 2% from the prior 12 months and up 162% since 2012, computed from record-level CPAR MLS closed sales (9 closings in the current window).
In ZIP 32407 (Panama City Beach), 1,458 homes closed in the last 12 months at a median of $398K ($183/sq ft), down 1.6% year over year, with a median 80 days on market. Right now 1,101 active and 151 pending listings put supply at about 6.7 months — a buyer's market. See the live ZIP 32407 housing market and the Bay County market.
CPAR sales records identify 34 homes in Dunes Of Panama that have changed hands since 2006, built between 1974 and 1987 (median 1985), with a median living area of about 1,100 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.
Flood zones in Dunes Of Panama: of 9 listing addresses checked against the FEMA National Flood Hazard Layer, 11% sit outside the FEMA Special Flood Hazard Area (Zone X); 89% are in a V-series coastal high-hazard zone. Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City Beach.
Dunes Of Panama is a Panama City Beach community in Bay County where recent MLS activity shows quick contract times but a median price that has eased over the past year — a combination that typically favors buyers willing to move decisively on the right listing.
The setting & the homes.
Aerial and on-site photos of Dunes Of Panama. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Dunes Of PanamaPhotos from CPAR MLS listings in Dunes Of Panama; content deemed reliable but not guaranteed.
Who Dunes Of Panama is best for.
Best for
- Buyers targeting a purchase near the current median price who can move quickly once a listing matches their criteria.
- Buyers comfortable evaluating condition-driven pricing rather than relying on a fixed price range.
- Buyers taking a long view on appreciation, given the multi-year gain since 2012, and not chasing short-term price momentum.
Probably not for
- Buyers who require confirmed, in-place community amenities before making an offer — none are currently identified in MLS data.
- Buyers expecting continued year-over-year price gains matching the recent past, given the current 4.1% pullback.
- Buyers who need a slow, low-pressure shopping timeline — the median 19.5-day contract pace argues against a leisurely search.
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 ($459K) IS the median in the snapshot above, and the move from 2025 ($468K) IS the -1.8% one-year change.
Windows contain 4 to 31 sales each (9 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.
25% of homes for sale in Dunes Of Panama 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 (2026-10-18).
Dunes Of Panama Market Scorecard
Dunes Of Panama is currently a balanced market., a median asking price of $497,000, and homes go under contract in about 76 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.
Dunes Of Panama 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 Dunes Of Panama buying strategy.
If we were buying in Dunes Of Panama 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 Dunes Of Panama.
Fast Contracts, Softer Comps
A median of 19.5 days on market is brisk for any beach-area community, and it means pricing a listing accurately still matters more than pricing it aggressively. Sellers here are not waiting out a stale market — they're competing on condition and presentation within a compressed window.
The 4.1% year-over-year decline is the number to sit with before setting expectations. It doesn't erase the 158% gain built up since 2012, but it does mean recent closings have trended below where the market stood a year ago. Buyers negotiating right now have more room than the fast DOM figure alone would suggest; sellers should anchor to recent closed data, not last year's numbers.
The location and the amenities are priced into every listing in Dunes Of Panama. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Dunes Of Panama buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (6.8). Basis: Long-Term Appreciation +162% since 2012; Recent Direction -1.8% year-over-year; Pricing Power 93.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Current MLS records show no community amenities documented for Dunes Of Panama, which means amenity claims in a listing description need to be verified directly against HOA documents and recorded plats before they factor into an offer. We pull that paperwork early, cross-check it against the closed-sales pattern, and price the negotiation around what the data actually supports — not what a listing implies.
Dunes Of Panama in 15 seconds.
Tools for a Dunes Of Panama 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 Dunes Of Panama sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Dunes Of Panama, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Dunes Of Panama home worth?
Get a no-obligation home value based on real comparable sales in Dunes Of Panama, 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 Dunes Of Panama
Homes in Dunes Of Panama 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. 7 on record.
- 7205 S Thomas Drive D704 · off market
- 7205 Thomas Drive 1103 · off market
- 7205 Thomas Drive 1206 · off market
- 7205 Thomas Drive E1701 · off market
- 7205 Thomas Drive E1904 · off market
- 7205 Thomas Drive E704 · off market
- 7205 Thomas Drive E706 · off market
| Location | Panama City Beach, Bay County, FL · ZIP 32407, 32408 |
|---|---|
| Home types (current listings and sales) | condos 100% |
| Sale prices, last 12 months | $459,183 median across 9 closed sales · -1.8% vs the prior 12 months |
| Days on market (closed sales) | 24 median |
| For sale right now | 10 active, 3 pending · median asking $497,000 |
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, “Dunes Of Panama key facts,” movewithmomentum.com/neighborhoods/dunes-of-panama, data as of September 20, 2026.
Housing distress & ownership in Dunes Of Panama, Panama City Beach
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 Dunes Of Panama
The newest homes for sale in Dunes Of Panama right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 7205 Thomas Drive D404, Panama City, FL 32408 $449,990 · 2 bd · 2 ba · 11 days on market Courtesy of Counts Real Estate Group Inc
- 7205 Thomas Drive 1504, Panama City, FL 32408 $499,000 · 2 bd · 2 ba · 46 days on market Courtesy of Counts Real Estate Group Inc
- 7205 Thomas Drive 1205, Panama City Beach, FL 32408 $469,000 · 2 bd · 2 ba · 57 days on market Courtesy of Allison James Estates & Homes
- 7205 Thomas Drive A604, Panama City, FL 32408 $460,000 · 2 bd · 2 ba · 72 days on market Courtesy of Counts Real Estate Group
- 7205 Thomas Drive C305, Panama City Beach, FL 32408 $470,000 · 2 bd · 2 ba · 76 days on market Courtesy of Bright Realty Solutions
- 7205 Thomas Drive E601, Panama City Beach, FL 32408 $889,000 · 3 bd · 2 ba · 110 days on market Courtesy of Bright Realty Solutions
Checked against the MLS Oct 20, 2026. All new listings in this market.
Every Home for Sale in Dunes Of Panama Right Now (12)
All 12 active and pending Dunes Of Panama listings with a detail page, newest first, refreshed twice a day from the MLS.
- 7205 Thomas Drive D404, Panama City, Fl 32408 · $449,990 · 2 bd / 2 ba · listed Oct 5, 2026 · listed by Counts Real Estate Group Inc
- 7205 Thomas Drive C305, Panama City Beach, Fl 32408 · $470,000 · 2 bd / 2 ba · listed Sep 11, 2026 · listed by Bright Realty Solutions
- 7205 Thomas Drive E1704, Panama City Beach, Fl 32408 · $495,000 · 2 bd / 2 ba · pending · listed Sep 10, 2026 · listed by Bright Realty Solutions
- 7205 Thomas Drive E1206, Panama City Beach, Fl 32408 · $667,500 · 3 bd / 2 ba · pending · listed Sep 6, 2026 · listed by Counts Real Estate Group Inc
- 7205 Thomas Drive 1205, Panama City Beach, Fl 32408 · $469,000 · 2 bd / 2 ba · listed Aug 24, 2026 · listed by Allison James Estates & Homes
- 7205 Thomas Drive E303, Panama City Beach, Fl 32408 · $459,000 · 2 bd / 2 ba · pending · listed Aug 12, 2026 · listed by Bright Realty Solutions
- 7205 Thomas Drive A604, Panama City, Fl 32408 · $460,000 · 2 bd / 2 ba · listed Aug 5, 2026 · listed by Counts Real Estate Group
- 7205 Thomas Drive 1504, Panama City, Fl 32408 · $499,000 · 2 bd / 2 ba · listed Jul 26, 2026 · listed by Counts Real Estate Group Inc
- 7205 Thomas Drive E601, Panama City Beach, Fl 32408 · $889,000 · 3 bd / 2 ba · listed Jul 22, 2026 · listed by Bright Realty Solutions
- 7205 Thomas Drive E206, Panama City, Fl 32408 · $813,000 · 3 bd / 3 ba · listed Jul 22, 2026 · listed by EXP Realty LLC
- 7205 Thomas Drive E904, Panama City Beach, Fl 32408 · $525,000 · 2 bd / 2 ba · listed Jul 22, 2026 · listed by Berkshire Hathaway HomeServices Beach Properties of Florida
- 7205 Thomas Drive D303, Panama City Beach, Fl 32408 · $485,000 · 2 bd / 2 ba · listed Jul 22, 2026 · listed by Bright Realty Solutions
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Panama City Beach 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
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Email me new listings in Dunes Of Panama Condos for Sale
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Ask an agent about Dunes Of Panama Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Dunes Of Panama Condos for Sale will answer, and the answer is published on this page for the next buyer.
What it really costs to own in Dunes Of Panama 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 $4,499/yr across 20 listings here (MLS tax records, 2026-10-20). |
|---|---|
| HOA dues | Median $1,089/month across 12 MLS listings (most billed monthly; 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. Flood: of 9 listing addresses checked against the FEMA flood map, 11% sit outside the high-risk zone and 89% inside one, where flood insurance is required with a federally backed mortgage. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes). |
| Roof and age | Median build year 1985 across 24 listings. An original roof here would be about 41 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 $1,625/month (tax $375, HOA $1,089, insurance $161). An estimate from the sources above, not a quote.
Frequently Asked Questions
What is the median home price in Dunes Of Panama?
How long do homes in Dunes Of Panama take to sell?
Have Dunes Of Panama home prices gone up?
Who is the best real estate agent for Dunes Of Panama?
How do I find a top Panama City Beach real estate agent who knows Dunes Of Panama?
Can Momentum Realty connect me with an agent for Dunes Of Panama?
Where is Dunes Of Panama, and what county is it in?
Should you buy in Dunes Of Panama?
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 (225 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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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.
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See how Dunes Of Panama fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Dunes Of Panama Condos for Sale in Panama City Beach
- Home values · What homes in Dunes Of Panama Condos for Sale in Panama City Beach actually sell for
- Find an agent · How to choose the best real estate agent in Dunes Of Panama Condos for Sale in Panama City Beach
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