Forest Hills Tennis Villas
Homes for Sale in Panama City Beach, FL
All 726 homes for sale in Panama City Beach, FL · median $369,000 · 686 condos for sale in Panama City Beach · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Forest Hills Tennis Villas is a community in Panama City Beach, Bay County, FL. Across Panama City Beach as a whole, 613 homes closed in the last 12 months at a median of $442,250, 74 median days on market, with 898 homes for sale today. At that median and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $5,430 ($4,940 with the full homestead exemption).
Forest Hills Tennis Villas is a small, thinly traded corner of the Panama City Beach market, and the numbers reflect that. With only three closings in the current window, the $240,000 median price is a real data point but not a statistically deep one — one unusual sale can move it more than it would in a larger community.
A median of 30 days on market says pricing here is tracking close to what buyers are actually willing to pay right now. For sellers, that means realistic list prices move; for buyers, it means there is not a lot of room to lowball and expect a quick response given how few units are transacting at any given time.
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 Forest Hills Tennis 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
Forest Hills Tennis Villas is a compact villa-style community in Panama City Beach, Bay County, where sales volume is low enough that each closing carries more weight in reading the market than it would in a larger subdivision.
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 Forest Hills Tennis Villas is best for.
Best for
- A buyer looking for a villa-style property in Panama City Beach around the mid-$240,000 range.
- A seller comfortable pricing against a thin but current comparable set.
- A buyer or investor who will independently confirm unit-specific features and any community amenities before writing an offer.
Probably not for
- A buyer who wants a deep, multi-year sales history to lean on before deciding.
- Someone who assumes tennis or other amenities are included based on the community name alone.
- A buyer who needs a wide range of active listings to compare before committing.
The market around Forest Hills Tennis Villas
Forest Hills Tennis Villas is too small for its own price trend, so here is the market around it.
Across Bay County, 2,406 homes are active and 434 pending (15% under contract).
ZIP and county figures describe the wider market, not Forest Hills Tennis Villas specifically. Momentum Research analysis of MLS records.
The Forest Hills Tennis Villas buying strategy.
If we were buying in Forest Hills Tennis Villas 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 Forest Hills Tennis Villas.
A small sample, read carefully
With just three closings in the tracked window, this is not a community where you can lean on trend lines or month-over-month comparisons. The $240,000 median gives a snapshot of where recent transactions landed, but buyers and sellers should treat it as a reference point rather than a firm ceiling or floor — condition, unit size, and location within the community can all shift an individual sale meaningfully.
Current MLS listings for the community do not identify specific shared amenities, so buyers evaluating a unit here should confirm directly what, if anything, is included with ownership rather than assuming based on the community name. That kind of verification matters more in a low-volume market like this one, where there is less public transaction history to cross-reference against.
The location and the amenities are priced into every listing in Forest Hills Tennis Villas. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with this little transaction volume, pricing a listing or evaluating an offer takes more than pulling a median — it takes knowing which of the three recent closings are actually comparable to the unit in question. We do that work directly rather than relying on automated estimates that were never built for markets this thin.
Forest Hills Tennis Villas in 15 seconds.
Tools for a Forest Hills Tennis Villas 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 Forest Hills Tennis Villas sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Forest Hills Tennis Villas, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Forest Hills Tennis Villas home worth?
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Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: November 6, 2026) |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
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.
Recent Developments in Forest Hills Tennis Villas
Development, infrastructure, retail, and school activity affecting Forest Hills Tennis Villas, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Development
Panama City rejects marina bids and will rebuild West Basin in phases
The city rejected all bids earlier this month for the 49-slip West Basin and will rebid in phases focused on wet slips. The boat ramp has been redesigned and will come later. Phase One construction could start within 90 days of selecting a contractor.
What it may mean for the marketA slower, phased marina rebuild delays new downtown waterfront boating capacity but keeps the project moving toward construction. The site is about 2 miles south of Forest Hills Tennis Villas.
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 northwest of Forest Hills Tennis Villas.
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 2 miles south of Forest Hills Tennis Villas.
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 2 miles west of Forest Hills Tennis Villas.
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 6 miles northeast of Forest Hills Tennis Villas.
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 2 miles south of Forest Hills Tennis Villas.
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.
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