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

Grand Panama Beach Resort market snapshot (as of September 20, 2026): the median sale price is about $398K, and a median 105 days on market for closed sales. The trailing-12-month median is down 32% from the prior 12 months and up 66% since 2012, computed from record-level CPAR MLS closed sales (22 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 31 homes in Grand Panama Beach Resort that have changed hands since 2019, built between 2007 and 2007 (median 2007), with a median living area of about 1,135 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 Grand Panama Beach Resort: of 18 listing addresses checked against the FEMA National Flood Hazard Layer, 67% sit outside the FEMA Special Flood Hazard Area (Zone X); 33% 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.

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.

Listings in this community report association dues of about $840 per month ($10,080 a year) — the median AssociationFee across 461 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.