Gulf Coast
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
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Gulf Coast Second Addition in Panama City, FL has 3 homes for sale. Homes listed or recently sold were built 2026–2026 with 3 new construction; none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 32 ft).
| Location | Panama City, Bay County, FL · ZIP 32401 |
|---|---|
| Homes in the community | 65 (FL DOR 2025 assessment roll) |
| Years built | 1917–2023 (median 1940) |
| Typical living area | 1,547 sq ft (median) |
| For sale right now | 3 active, 0 pending · median asking $299,900 |
| Owner-occupied (homestead) share | 33% |
Data as of September 20, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Gulf Coast Second Addition key facts,” movewithmomentum.com/neighborhoods/gulf-coast-second-addition, data as of September 20, 2026.
Homes For Sale Right Now in Gulf Coast
Live MLS inventory for Gulf Coast. 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 Gulf Coast 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 Gulf Coast Second Addition Right Now (3)
All 3 active and pending Gulf Coast Second Addition listings with a detail page, newest first, refreshed twice a day from the MLS.
- 827 Grace Avenue, Panama City, Fl 32401 · $299,900 · 3 bd / 3 ba · listed Jul 2, 2026 · listed by eXp Realty LLC
- 829 Grace Avenue, Panama City, Fl 32401 · $299,900 · 3 bd / 3 ba · listed Jul 2, 2026 · listed by eXp Realty LLC
- 825 Grace Avenue, Panama City, Fl 32401 · $289,900 · 3 bd / 3 ba · listed Jul 2, 2026 · listed by eXp Realty LLC
There is not enough active listing data in the current MLS feed for Gulf Coast Second Addition to point to a median price, days-on-market pattern, or inventory trend right now. That itself is the read: this is a small, quiet pocket of Panama City rather than a high-turnover subdivision, and pricing here gets set home-by-home based on lot, condition, and proximity to the water rather than by a visible comparable set.
For a buyer or seller, that means the usual playbook of leaning on community-wide stats does not apply. Any offer or listing price needs to be built from a tighter, hand-picked comp set pulled from the immediate area rather than from this platted community alone, and that is exactly the kind of legwork worth having an agent do before you commit to a number.
The 60-Second Overview
Gulf Coast Second Addition is a platted residential section in Panama City, Bay County, with no community amenities currently identified from MLS listings, meaning it reads as a straightforward in-town neighborhood rather than an amenitized development.
County records show 5 qualified sales in Gulf Coast across 2024–2025 (3 in 2024, 2 in 2025), median $200,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
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.
The setting & the homes.
Aerial and on-site photos of Gulf Coast. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Gulf Coast
Gulf Coast
Gulf CoastPhotos from CPAR MLS listings in Gulf Coast; content deemed reliable but not guaranteed.
Who Gulf Coast is best for.
Best for
- A buyer focused on a specific in-town Panama City address rather than a packaged subdivision experience
- A buyer comfortable pricing a home off individual comps rather than a well-documented neighborhood trend
- A buyer who wants to own the lot outright without factoring in HOA-run shared amenities
Probably not for
- A buyer whose search criteria require an on-site clubhouse, pool, or other maintained shared amenity
- A buyer who wants to lean heavily on published median price and days-on-market trends before writing an offer
- A buyer unwilling to commission independent comp research given the limited current listing data
The market around Gulf Coast
Gulf Coast 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 Gulf Coast specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Gulf Coast Second Addition, 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.
Gulf Coast 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, tiles © CARTO.
The Gulf Coast buying strategy.
If we were buying in Gulf Coast 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 Gulf Coast.
A name on the plat map, not a marketed community
Some Bay County neighborhoods are built and marketed as a package — gated entry, a clubhouse, a shared dock. Gulf Coast Second Addition is not that. Current MLS data shows no listed amenities tied to the name, which tells us this is an older platted addition where the value proposition is the individual lot and structure, not a homeowners' association package.
That has practical implications. There is no HOA fee structure to underwrite here (at least none surfaced in current listings), and there is no shared amenity to inspect or budget for. What you are buying is the house and the parcel, full stop — which puts more weight on a standard home inspection, flood zone verification, and a direct look at the specific lot rather than on community-level due diligence.
The location and the amenities are priced into every listing in Gulf Coast. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
When a community has thin or no current MLS statistics, the work shifts from reading a dashboard to doing manual comp research on the surrounding blocks. That is the kind of unglamorous groundwork Momentum agents do before a number ever gets attached to a listing agreement or an offer — pulling the closest true comparables, checking permit and flood history, and pricing the actual house instead of a category average.
Gulf Coast 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 Gulf Coast 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 Gulf Coast sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Gulf Coast, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Gulf Coast home worth?
Get a no-obligation home value based on real comparable sales in Gulf Coast, 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 →
Recently off market in Gulf Coast Second Addition
Homes in Gulf Coast Second Addition 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. 1 on record.
- 808 1/2 Mulberry Avenue · off market
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.
13% of homes for sale in ZIP 32401 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 (2026-10-01).
Frequently Asked Questions
How many homes are in Gulf Coast?
What share of Gulf Coast is owner-occupied?
When were the homes in Gulf Coast built?
Who is the best real estate agent for Gulf Coast?
How do I find a top Panama City real estate agent who knows Gulf Coast?
Can Momentum Realty connect me with an agent for Gulf Coast?
Where is Gulf Coast, and what county is it in?
Should you buy in Gulf Coast?
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 1, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32401)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2015 (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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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Gulf Coast Second Addition fits the bigger picture — live prices, inventory, and Momentum Scores:
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