Forest Hills Tennis Villas
Homes for Sale in Panama City Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of September 2026, Forest Hills Tennis Villas in Panama City Beach, FL has 1 home for sale. As of September 2026, the MLS records 22 closed sales in Forest Hills Tennis Villas in Panama City Beach, FL since 2012, the most recent in March 2026.
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.
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.
In ZIP 32407, 494 homes are on the market and 16% are under contract — a slower corner of Panama City Beach.
Across Bay County, 2,576 homes are active and 585 pending (18% under contract).
ZIP and county figures describe the wider market, not Forest Hills Tennis Villas specifically. Momentum Research analysis of MLS records.
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.
Forest Hills Tennis Villas Market Scorecard
Forest Hills Tennis Villas is currently a thin data market. Limited supply, a median asking price of $299,000, and homes go under contract in about 14 days.
Typical home value in the 32407 ZIP is $393,967, right around the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Forest Hills Tennis Villas
Live MLS inventory for Forest Hills Tennis Villas. 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 Forest Hills Tennis Villas listings as of 2026-09-12, 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.
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 August 2026.
- 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 - July 2026Parks & Amenities
Panama City Beach approves $1.25 million to rehabilitate Conservation Park boardwalks
The Panama City Beach city council approved a budget of $1.25 million to rehabilitate more than one mile of boardwalks at Conservation Park. The funding covers rehabilitation of the park's boardwalk system.
What it may mean for the marketInvestment in Conservation Park boardwalks upgrades a recreational amenity in Panama City Beach. The project is about 17 miles northwest of Forest Hills Tennis Villas, elsewhere in Bay County.
Source: WJHG News Channel 7 - June 2026Retail & Dining
New retailers open at Watersound Town Center as construction continues
Watersound Town Center in the Panama City Beach area reported new store openings including FP Movement, Hemline, Monkee's, and Sunset Shoes and Lifestyles, with Johnnie-O expected later in the summer. St. Joe said two additional buildings are planned to break ground this year at the center.
What it may mean for the marketGrowing retail and dining space plus additional buildings expand the commercial center along the State Road 79 corridor. The project is about 23 miles northwest of Forest Hills Tennis Villas, elsewhere in Bay County.
Source: The St. Joe Company - June 2026Infrastructure
Panama City moves downtown marina slip construction to bid, ends City Marina Partners deal
Panama City put the first 50 boat slips at the Downtown Marina out for contractor bids, with construction expected to begin shortly after a contract is awarded and the bid window closing June 16. Commissioners also ended their working relationship with City Marina Partners and budgeted payment for work already completed.
What it may mean for the marketProgress on downtown marina slip construction advances waterfront infrastructure in the Panama City core. The project is about 2 miles south of Forest Hills Tennis Villas, elsewhere in Bay County.
Source: WJHG News Channel 7 - June 2026Development
Panama City commissioners approve Community Development District for 1,800-home neighborhood
Panama City commissioners approved a Community Development District for a planned neighborhood of about 1,800 homes east of John Pitts Road in north Panama City. Under the CDD, road maintenance within the neighborhood stays with the district rather than transferring to the city.
What it may mean for the marketA new large-scale residential district adds housing supply and internally maintained streets to the north Panama City market. The project is about 5 miles northeast of Forest Hills Tennis Villas, elsewhere in Bay County.
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.
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.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
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 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?
Get a no-obligation home value based on real comparable sales in Forest Hills Tennis Villas, 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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Should you buy in Forest Hills Tennis Villas?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Forest Hills Tennis Villas with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: September 12, 2026) |
| Under-contract shares | CPAR MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2012 (22 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.
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See how Forest Hills Tennis Villas fits the bigger picture — live prices, inventory, and Momentum Scores: