Grand Lagoon Cove
Condos for Sale in Panama City, FL
All 268 homes for sale in Panama City, FL · median $349,900 · 233 condos for sale in Panama City · 302 homes for sale in 32408 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of November 2026, Grand Lagoon Cove Condominium in Panama City, FL has 3 homes for sale. Over the 12 months ending 2026-11-11, 3 recorded sales closed at a median of $214,950, a median 102 days on market, sellers accepting 88% of original asking. Homes listed or recently sold were built 1979–1979; 3 of 3 report an HOA (median $418/mo); none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 11 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $2,640 ($2,150 with the full homestead exemption).
Last 30 days in Grand Lagoon Cove: 1 new listing (median asking $299,800). 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.
Homes For Sale Right Now in Grand Lagoon Cove Condominium
Live MLS inventory for Grand Lagoon 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 · 4 daysTop listing
Active · 160 days
Active · 255 daysActive and pending Grand Lagoon Cove Condominium listings as of 2026-11-11, 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.
Grand Lagoon Cove Condominium is not a community where the MLS gives us much to work with right now. With only two closings in the current window, there is not enough transaction volume to speak to price trend, days on market, or condition mix with any confidence. What we can say is that the data set is thin enough that any buyer or seller should treat pricing here as a case-by-case conversation, not a market-average one.
For a seller, that thin volume can actually work in your favor if you price a unit correctly and it stands out as one of the only active comparables in the building. For a buyer, it means you should not lean on a headline number to negotiate — pull the specific unit's history and the building's condition documents before you form an opinion on value.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Grand Lagoon Cove Condominium right now
🟢 Buyer-leaning market. 12.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of CPAR MLS records, as of November 11, 2026. Confidence: Medium (3 active and pending listings, 3 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated November 12, 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
Grand Lagoon Cove Condominium market snapshot (as of November 11, 2026): the median sale price is about $215K, a median 102 days on market for closed sales, and 12.0 months of supply, a buyer-leaning market.
In ZIP 32408 (Panama City), 205 homes closed in the last 12 months at a median of $385K, with a median 83 days on market. Right now 389 active and 47 pending listings put supply at about 22.8 months — a soft market. See the live ZIP 32408 housing market and the Bay County market.
CPAR sales records identify 6 homes in Grand Lagoon Cove Condominium that have changed hands since 2025, built between 1979 and 1979 (median 1979), with a median living area of about 1,040 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.
Grand Lagoon Cove Condominium sits in Panama City, Bay County, and current MLS activity here is limited enough that we are working from a small sample rather than a broad trend line.
The setting & the homes.
Aerial and on-site photos of Grand Lagoon Cove Condominium. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Grand Lagoon Cove CondominiumGrand Lagoon Cove CondominiumGrand Lagoon Cove CondominiumPhotos from CPAR MLS listings in Grand Lagoon Cove Condominium; content deemed reliable but not guaranteed.
Who Grand Lagoon Cove Condominium is best for.
Best for
- A buyer willing to request condo association documents and recent sales history directly, rather than relying on a public market summary
- A seller with a well-maintained unit who is comfortable pricing based on individual condition rather than a broad comparable set
- An investor or second-home buyer targeting Panama City specifically and prepared to do unit-level diligence
Probably not for
- A buyer who wants a well-established price trend or years of closing data to benchmark against
- Someone relying on listed community amenities to make a decision, since none are currently identified in MLS data
- A buyer or seller who wants a fast, data-driven pricing conversation without additional research
Grand Lagoon Cove Condominium 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 Grand Lagoon Cove Condominium buying strategy.
If we were buying in Grand Lagoon 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Grand Lagoon Cove Condominium.
A market with too few data points to trend
Two closings in the current reporting window is not enough to establish a reliable median, a pricing pattern, or a typical days-on-market figure for Grand Lagoon Cove. Any number pulled from a sample that small can swing hard with the next closing, so we are intentionally not presenting a market average here.
Current MLS listings also do not identify specific building or community amenities, so we cannot speak to what is or is not offered on site. Anyone evaluating a unit here should confirm amenities, condo association details, and any fees directly through the building's documents rather than assuming anything from listing data alone.
The location and the amenities are priced into every listing in Grand Lagoon Cove Condominium. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a building with this little recent transaction data, the value of a broker is in pulling the right comparables from outside the immediate MLS window, reading the condo association's financials and rules, and pricing or negotiating off unit-specific facts rather than a market average that does not really exist yet. That is the work we do before you sign anything.
Grand Lagoon Cove Condominium in 15 seconds.
Tools for a Grand Lagoon 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 Grand Lagoon 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 Grand Lagoon 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 Grand Lagoon Cove Condominium home worth?
Get a no-obligation home value based on real comparable sales in Grand Lagoon 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.
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Recently off market in Grand Lagoon Cove Condominium
Homes in Grand Lagoon 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. 2 on record.
- 6903 N Lagoon Drive 35 · off market
- 6903 N Lagoon Drive 48 · off market
| Location | Panama City, Bay County, FL · ZIP 32408 |
|---|---|
| Sale prices, last 12 months | $214,950 median across 3 closed sales |
| Days on market (closed sales) | 102 median |
| For sale right now | 3 active, 0 pending · median asking $289,900 · 12.0 months of supply |
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. Market figures describe homes, not residents. Cite as: Momentum Realty, “Grand Lagoon Cove key facts,” movewithmomentum.com/neighborhoods/grand-lagoon-cove-condominium, data as of November 11, 2026.
Housing distress & ownership in Grand Lagoon 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.
Just listed in Grand Lagoon Cove
The newest homes for sale in Grand Lagoon Cove right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 6903 N Lagoon Drive 54, Panama City Beach, FL 32408 $299,800 · 2 bd · 2 ba · listed Nov 8, 2026 Courtesy of Dalton Wade Inc
- 6903 N Lagoon Drive 51, Panama City Beach, FL 32408 $289,900 · 2 bd · 2 ba · listed Jun 5, 2026 Courtesy of Local Insight Realty
- 6903 N Lagoon Drive 52, Panama City, FL 32408 $225,900 · 2 bd · 2 ba · listed Feb 27, 2026 Courtesy of Counts Real Estate Group Inc
Checked against the MLS nightly. All new listings in this market.
Every Home for Sale in Grand Lagoon Cove Condominium Right Now (3)
All 3 active and pending Grand Lagoon Cove Condominium listings with a detail page, newest first, refreshed twice a day from the MLS.
- 6903 N Lagoon Drive 54, Panama City Beach, Fl 32408 · $299,800 · 2 bd / 2 ba · listed Oct 28, 2026 · listed by Dalton Wade Inc
- 6903 N Lagoon Drive 51, Panama City Beach, Fl 32408 · $289,900 · 2 bd / 2 ba · listed Aug 13, 2026 · listed by Local Insight Realty
- 6903 N Lagoon Drive 52, Panama City, Fl 32408 · $225,900 · 2 bd / 2 ba · listed Aug 13, 2026 · listed by Counts Real Estate Group Inc
More Panama City home searches
- All homes for sale in Panama City, FL
- Homes for sale in Bay County, FL
- Panama City home values: what is my house worth?
- ZIP 32408 housing scorecard
- 5 coming-soon communities in Bay County
Panama City guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Home insurance cost
- New construction
- ZIP codes
Florida buyer guides
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- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
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- Florida documentary stamp tax, explained
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Recent Developments in Grand Lagoon Cove Condominium
Development, infrastructure, retail, and school activity affecting Grand Lagoon Cove Condominium, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Parks & Amenities
Zollie Young Park off Mill Bayou Road nears completion after $300K+ county investment
Bay County is finishing Zollie Young Park with a walking trail, two pavilions, a playground, a kayak launch on Mill Bayou and an enclosed dog park, paid from the general fund. No firm finish date was given. A commissioner also said $1.2 million of grant-funded work at High Point Landing should wrap up in December.
What it may mean for the marketA new water-access park adds walking, paddling and dog-park amenities for nearby residents of east Bay County. The project is about 10 miles northwest of Grand Lagoon Cove Condominium, elsewhere in Bay County.
Source: WJHG - October 2026Development
Tyndall Air Force Base rebuild continues with about 140 new facilities
WJHG reports Tyndall AFB is rebuilding with roughly 140 new hurricane-resistant facilities after Hurricane Michael in 2018, and now hosts F-35 squadrons. Most current projects are expected to finish by 2027, while other buildings await congressional funding and the work has faced labor and budget constraints.
What it may mean for the marketContinued base construction and F-35 operations sustain military and contractor employment and construction activity in the eastern Bay County area. The site is about 8 miles southwest of Grand Lagoon Cove Condominium.
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 project is about 9 miles west of Grand Lagoon Cove Condominium, elsewhere in Bay County.
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 9 miles northwest of Grand Lagoon Cove Condominium.
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 project is about 10 miles west of Grand Lagoon Cove Condominium, 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 7 miles northwest of Grand Lagoon Cove Condominium, 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.
10% of homes for sale in ZIP 32408 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 (2026-11-12).
What it really costs to own in Grand Lagoon Cove
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 $2,861/yr across 4 listings here (MLS tax records, 2026-11-12). |
|---|---|
| HOA dues | Median $418/month across 3 MLS listings (most billed monthly; 2026-11-12). 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. |
| Roof and age | Median build year 1979 across 6 listings. An original roof here would be about 47 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 $817/month (tax $238, HOA $418, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Grand Lagoon Cove
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Ask an agent about Grand Lagoon Cove Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Grand Lagoon Cove Condos for Sale will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
What is the median home price in Grand Lagoon Cove Condominium?
How long do homes in Grand Lagoon Cove Condominium take to sell?
Is Grand Lagoon Cove Condominium a buyer's or seller's market right now?
Who is the best real estate agent for Grand Lagoon Cove Condominium?
How do I find a top Panama City real estate agent who knows Grand Lagoon Cove Condominium?
Can Momentum Realty connect me with an agent for Grand Lagoon Cove Condominium?
Where is Grand Lagoon Cove, and what county is it in?
Should you buy in Grand Lagoon 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: November 11, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending November 11, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (3 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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See how Grand Lagoon Cove Condominium fits the bigger picture — live prices, inventory, and Momentum Scores: