Greentree
Homes for Sale in Panama City, FL
All 245 homes for sale in Panama City, FL · median $349,900 · 276 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 October 2026, Greentree Unit-1 in Panama City, FL has 1 home for sale. As of October 2026, the MLS records 13 closed sales in Greentree Unit-1 in Panama City, FL since 2013, the most recent in September 2024.
Greentree Unit-1 is showing zero closings in the current MLS window, which means there is no active price signal to point to right now. That is not unusual for smaller, established sections of Panama City, but it does mean anyone pricing a listing or shaping an offer here is working without a fresh comparable inside the community itself.
In a data gap like this, the honest move is to widen the lens to the surrounding Bay County market and adjust for condition, lot, and any updates rather than lean on a Greentree-specific number that does not exist yet. Sellers should expect buyers to ask for that context, and buyers should expect to build their own case rather than point to a recent sale next door.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
Greentree Unit-1 sits within Panama City in Bay County, and the current MLS feed shows no closings and no listed community amenities in the snapshot period, so this is a market where the property itself has to carry the conversation rather than a stream of recent sales or a clubhouse brochure.
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 Greentree is best for.
Best for
- Buyers who want a no-frills residential section without shared amenity fees
- Buyers willing to price a home using broader Bay County comparables rather than in-community sales
- Sellers prepared to build a pricing case from condition and location rather than a recent neighborhood sale
Probably not for
- Buyers who want to weigh a purchase against clubhouse, pool, or similar community amenities
- Anyone who needs a recent local closing to validate an offer price before moving forward
- Sellers expecting a quick, comparable-driven listing strategy based on current neighborhood activity
The market around Greentree
Greentree is too small for its own price trend, so here is the market around it.
In ZIP 32408, 757 homes are on the market and 11% 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 32408 (Panama City), 1,792 homes closed in the last 12 months at a median of $400K, down 0.6% year over year, with a median 75 days on market. Right now 1,195 active and 202 pending listings — a buyer's market. See the live ZIP 32408 housing market and the Bay County market.
ZIP and county figures describe the wider market, not Greentree specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Greentree
Live MLS inventory for Greentree. 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 Greentree listings as of 2026-10-19, 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.
The Greentree buying strategy.
If we were buying in Greentree 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 Greentree.
A quiet stretch on the data
With no closings recorded in this window, there is no median, no pace-of-market read, and no way to say whether this pocket of Panama City is moving fast or slow right now. That should not be read as a negative on the community itself, only as a signal that activity has been thin enough that the MLS has nothing to show for this specific period.
No community amenities are identified in the current listings either, which suggests Greentree Unit-1 is a straightforward residential section without a shared clubhouse, pool, or similar draw driving the pitch. That puts the emphasis back on the individual lot, home condition, and proximity to whatever the buyer actually needs day to day.
The location and the amenities are priced into every listing in Greentree. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
When a community has no recent closings to lean on, the value of a broker who will do the comparable work outside the neighborhood, not just inside it, goes up. We will tell you plainly when Greentree Unit-1 has too little current data to support a number, and we will build the case from the wider Bay County market instead of guessing.
Greentree 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 Greentree 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 Greentree sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Greentree, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Greentree home worth?
Get a no-obligation home value based on real comparable sales in Greentree, 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 →
Should you buy in Greentree?
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: October 19, 2026) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2013 (13 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.
Recent Developments in Greentree Unit 1
Development, infrastructure, retail, and school activity affecting Greentree Unit 1, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- 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 9 miles southwest of Greentree Unit 1.
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 11 miles west of Greentree Unit 1, 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 project is about 10 miles northwest of Greentree Unit 1, elsewhere in Bay County.
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 11 miles west of Greentree Unit 1, 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 9 miles northwest of Greentree Unit 1, elsewhere in Bay County.
Source: WJHG News Channel 7 - 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 12 miles west of Greentree Unit 1, 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.
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Common questions about Greentree
Where is Greentree?
Greentree is a community in Panama City, Bay County, Florida, ZIP 32408.
Are there homes for sale in Greentree right now?
Yes — 1 active and 0 pending listings as of the last feed refresh (twice daily). They are listed on this page.
Does Greentree have an HOA or CDD?
No HOA is on record for Greentree 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.
Housing distress & ownership in Greentree Unit-1, 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.
Every Home for Sale in Greentree Unit 1 Right Now (1)
All 1 active and pending Greentree Unit 1 listings with a detail page, newest first, refreshed twice a day from the MLS.
- 2113 Pebble Beach Place, Panama City Beach, Fl 32408 · $474,000 · 3 bd / 2 ba · listed Aug 18, 2026 · listed by Home Sold Realty LLC
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Panama City guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Home insurance cost
- New construction
- ZIP codes
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
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Nearby Communities
Explore more neighborhoods near Greentree with Momentum Realty’s local guides.
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.