Green Gables
Homes for Sale in Panama City, FL

All 257 homes for sale in Panama City, FL · median $349,000 · 120 homes for sale in 32401 · Bay County homes for sale

Community in Panama City · Bay County · ZIP 32401
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Photo via CPAR MLS

Built fromLive CPAR MLS data10 years of closingsUpdated twice daily

As of October 2026, Green Gables Amended in Panama City, FL has 1 home for sale. As of October 2026, the MLS records 3 closed sales in Green Gables Amended in Panama City, FL since 2016, the most recent in February 2025.

Live · Green Gables Housing Pulse CPAR MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Tempo
0%
Under contract
Bay: 17% (528 of 3,043)
1 · 0
For sale · pending
live counts, refreshed twice daily
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Green Gables Amended is a small, established pocket of Panama City in Bay County, and the current MLS picture shows no community amenities tied to the listings we track — no clubhouse, pool, or HOA-run feature set driving buyer interest here. That means value in this community is set almost entirely by the individual home: lot, square footage, condition, and location within the neighborhood, not by shared infrastructure.

For a seller, that puts the burden on presentation and pricing the specific property rather than leaning on a community brand. For a buyer, it means you are evaluating each listing largely on its own merits — this is not a place where an amenity package inflates or anchors price across the board.

The 60-Second Overview

Green Gables Amended sits within Panama City proper in Bay County, an established, amenity-light neighborhood where home value is driven by the individual property rather than shared community features.

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.

Best for

  • A buyer focused on a specific home's condition and lot rather than a shared amenity package
  • A buyer prioritizing a Panama City, Bay County location over community-level features
  • A buyer comfortable evaluating each listing independently without leaning on neighborhood-wide perks

Probably not for

  • A buyer who wants a clubhouse, pool, or other maintained community amenity as part of the purchase
  • A buyer who wants an HOA to handle common-area upkeep and cannot confirm one exists here
  • A buyer who wants a community brand or amenity story to support future resale marketing

The market around Green Gables

Green Gables is too small for its own price trend, so here is the market around it.

In ZIP 32401, 145 homes are on the market and 15% are under contract — a slower corner of Panama City.

Across Bay County, 2,515 homes are active and 528 pending (17% under contract).

In ZIP 32401 (Panama City), 337 homes closed in the last 12 months at a median of $307K, up 0.5% year over year, with a median 62 days on market. Right now 166 active and 29 pending listings — a buyer's market. See the live ZIP 32401 housing market and the Bay County market.

ZIP and county figures describe the wider market, not Green Gables specifically. Momentum Research analysis of MLS records.

Housing distress & ownership in Green Gables Amended, Panama City

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 44 listings
Distress share trend — 0.0% now (2026-09-14 → 2026-09-19)

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.

Homes For Sale Right Now in Green Gables

Live MLS inventory for Green Gables. 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 Green Gables listings as of 2026-10-01, 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.

Every Home for Sale in Green Gables Amended Right Now (1)

All 1 active and pending Green Gables Amended listings with a detail page, newest first, refreshed twice a day from the MLS.

Recent Developments in Green Gables Amended

Development, infrastructure, retail, and school activity affecting Green Gables Amended, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.

Dev Momentum70/100 · High
  1. July 2026
    Civic

    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 4 miles west of Green Gables Amended.

    Source: WJHG News Channel 7
  2. July 2026
    Parks & 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 21 miles northwest of Green Gables Amended, elsewhere in Bay County.

    Source: WJHG News Channel 7
  3. June 2026
    Retail & 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 27 miles northwest of Green Gables Amended, elsewhere in Bay County.

    Source: The St. Joe Company
  4. June 2026
    Infrastructure

    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 4 miles west of Green Gables Amended, elsewhere in Bay County.

    Source: WJHG News Channel 7
  5. June 2026
    Development

    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 north of Green Gables Amended, elsewhere in Bay County.

    Source: WJHG News Channel 7

Development alerts for Green Gables AmendedGet a short monthly email when something new is approved, funded, or opens near Green Gables Amended.

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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.

If we were buying in Green Gables today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Green Gables.

Best Buy
Buyers looking for an established Panama City address without a shared amenity package or association overhead to factor in.
Biggest Risk
With no amenities identified in current listings, there is little to cushion resale appeal beyond the home and lot themselves.
Sweet Spot
A buyer prioritizing location within Panama City and a specific home's condition over community programming.
Avoid If
You are specifically shopping for a neighborhood with a clubhouse, pool, or other maintained shared amenity.

A neighborhood without a marketed amenity

Current MLS data for Green Gables Amended does not surface any identified community amenities — no clubhouse, recreational facility, or maintained common area tied to active or recent listings. For an established Panama City neighborhood, that is not unusual; it simply means the appeal of this community rests on its location within the city and on the individual homes themselves, not on a package of shared perks.

That has practical implications for both sides of a transaction. Sellers should not expect an amenity story to help move a listing — the property itself, its condition, and its price positioning have to do the work. Buyers evaluating Green Gables Amended should approach it as a location-and-home decision, and confirm any deed restrictions, association obligations, or lack thereof directly, since none are evident from the current MLS feed.

“

The location and the amenities are priced into every listing in Green Gables. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a neighborhood like Green Gables Amended, where the MLS shows no packaged amenities to lean on, pricing and positioning come down to comparable homes and current conditions inside Bay County — not a community brochure. We track what is actually listed and sold in this specific footprint so you are pricing or offering against real, current data rather than assumptions carried over from larger, amenity-driven communities nearby.

Green Gables in 15 seconds.

Best forBuyers looking for an established Panama City address without a shared amenity package or association overhead to factor in.
Biggest advantageValue here is property-specific rather than propped up by community features, which can work in a buyer's favor on the right home.
Biggest riskWith no amenities identified in current listings, there is little to cushion resale appeal beyond the home and lot themselves.
Sweet spotA buyer prioritizing location within Panama City and a specific home's condition over community programming.
Avoid ifYou are specifically shopping for a neighborhood with a clubhouse, pool, or other maintained shared amenity.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the Green Gables homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in Green Gables.
In short
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Green Gables sales matched to your home.

What is your Green Gables home worth?

Get a no-obligation home value based on real comparable sales in Green Gables, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See all homes for sale in Panama City →

Real comps, not an automated estimate.
A buyer focused on a specific home's condition and lot rather than a shared amenity packageExcellent fit
A buyer prioritizing a Panama City, Bay County location over community-level featuresExcellent fit
A buyer comfortable evaluating each listing independently without leaning on neighborhood-wide perksExcellent fit
A buyer who wants a clubhouse, pool, or other maintained community amenity as part of the purchaseProbably not
A buyer who wants an HOA to handle common-area upkeep and cannot confirm one exists hereProbably not
A buyer who wants a community brand or amenity story to support future resale marketingProbably not

Data sources & freshness

Live listingsCPAR MLS, refreshed twice daily (last: October 1, 2026)
Under-contract sharesCPAR MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 2016 (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.

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.

Looking to buy here? Search homes for sale →

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Common questions about Green Gables

Where is Green Gables?

Green Gables is a community in Panama City, Bay County, Florida, ZIP 32401.

Are there homes for sale in Green Gables right now?

Yes — 1 active and 0 pending listings as of the last feed refresh (twice daily). They are listed on this page.

Does Green Gables have an HOA or CDD?

No HOA is on record for Green Gables in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.

Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.

Nearby Communities

Explore more neighborhoods near Green Gables with Momentum Realty’s local guides.

Sunny South0.2 mi away · 1 for salePine View0.2 mi awayM N Kneece0.3 mi away · 1 for saleGulf Coast0.3 mi away · 65 homes, built 1917–23, 3 for saleSegler0.3 mi away · 2 for saleGulf Coast Co0.5 mi away · 1 for saleKeiths0.5 mi away · 1 for saleN Highland0.5 mi away · 24 homes, built 1935–00, 3 for sale

Browse all neighborhood guides →

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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.

$2,121/mo
Bay County typical true cost to own
$161/mo
Bay County typical home insurance
Check CDD
Confirm before you offer

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.