Grand Panama Beach Resort
Condos for Sale in Panama City Beach, FL

Grand Panama Beach Resort market snapshot (as of November 11, 2026): the median sale price is about $365K, a median 51 days on market for closed sales, and 17.5 months of supply, a buyer-leaning market.

This is a Gulf-front resort condo market, so what you are buying is a specific unit in a specific stack — view, floor, and condition drive value far more than any community-wide average. Over the longer arc the median is up 73% since 2012, but the last year has moved sharply the other direction.

Two numbers tell most of the story here. The median is off 26.4% from a year ago, and units are taking a median of 129 days to sell. That combination — falling prices and slow absorption — is a buyer's market, and it rewards discipline over urgency. The closings window is thin at 19 sales, so individual comps carry a lot of weight; one well-photographed high-floor sale or one distressed lower unit can skew the picture. Underwrite the specific stack, not the building average.

No community amenities are identified from the current MLS listings, so evaluate what a given unit and building actually deliver rather than assuming a resort amenity package. On the longer horizon the median is up 73% since 2012, which frames this as a market that has appreciated over time but is currently repricing. That history is context, not a forecast — nothing here guarantees where the next cycle goes.

Resort-condo pricing lives at the unit level, and with only 19 recent closings the comps demand careful reading — which stack, which floor, what condition. We will walk the actual view line, tell you when a listing is priced to a market that no longer exists, and use the 129-day median and the year-over-year decline as negotiating tools rather than talking points.