Gulf Crest
Condos for Sale in Panama City, FL
All 257 homes for sale in Panama City, FL · median $349,000 · 235 condos for sale in Panama City · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of October 2026, Gulf Crest Condo in Panama City, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 9 recorded sales closed at a median of $615,000, a median 134 days on market, sellers accepting 92% of original asking (-4% versus the prior year). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $7,550 ($7,070 with the full homestead exemption).
| Location | Panama City, Bay County, FL · ZIP 32407, 32408 |
|---|---|
| Sale prices, last 12 months | $615,000 median across 9 closed sales · -3.9% vs the prior 12 months |
| Days on market (closed sales) | 134 median |
| For sale right now | 2 active, 0 pending · median asking $649,450 |
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. Market figures describe homes, not residents. Cite as: Momentum Realty, “Gulf Crest Condo key facts,” movewithmomentum.com/neighborhoods/gulf-crest-condo, data as of September 20, 2026.
Gulf Crest is a thin-volume condo market — nine closings in the window we track — so price is set less by broad demand curves and more by what one or two sellers decide their unit is worth and how long they're willing to sit with it. At a $615,000 median, this is a higher-price-point Gulf-front stack, and the number moves more on unit condition and view line than on any seasonal pattern.
A median of 134 days on market tells you this is not a bidding-war building. Sellers who price against the last comparable close and hold firm tend to wait; the ones who move price to match current buyer appetite close faster. For a buyer, that gap is where the negotiating room lives.
Gulf Crest Condo right now
🟡 Off the recent peak. The trailing-12-month median ($615K) is down 3.9% from the prior 12 months ($640K) and up 91% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level CPAR MLS closed sales, 12-month windows ending September 20. Confidence: Low (9 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 1, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Gulf Crest Condo market snapshot (as of September 20, 2026): the median sale price is about $615K, and a median 134 days on market for closed sales. The trailing-12-month median is down 4% from the prior 12 months and up 91% since 2012, computed from record-level CPAR MLS closed sales (9 closings in the current window).
In ZIP 32407 (Panama City), 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 10 homes in Gulf Crest Condo that have changed hands since 2016, built between 2004 and 2004 (median 2004), with a median living area of about 1,310 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.
Gulf Crest is a Panama City Gulf-front condo community where pricing runs on individual unit condition and view rather than a tight, uniform band, and where deals take longer to close than a typical single-family market.
Who Gulf Crest Condo is best for.
Best for
- Buyers targeting a Gulf-front condo purchase near the mid-$600s median who can be patient through a longer closing timeline
- Sellers with a renovated, higher-floor unit who can price accurately against thin comparable data
- Buyers comfortable evaluating unit-by-unit condition rather than relying on a building-wide amenity package
Probably not for
- Buyers who need a fast, high-certainty close on a set schedule
- Sellers expecting quick multiple-offer activity in a low-volume building
- Buyers prioritizing a defined amenity package, since none is currently identified from MLS listings
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($615K) IS the median in the snapshot above, and the move from 2025 ($640K) IS the -3.9% one-year change.
Windows contain 3 to 19 sales each (9 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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.
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.
11% of homes for sale in ZIP 32408 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 (2026-09-21).
Gulf Crest Condo Market Scorecard
Gulf Crest Condo is currently a balanced market., a median asking price of $649,450, and homes go under contract in about 409 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: CPAR MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Gulf Crest Condo, 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.
Homes For Sale Right Now in Gulf Crest Condo
Live MLS inventory for Gulf Crest Condo. 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 Crest Condo 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 Crest Condo Right Now (2)
All 2 active and pending Gulf Crest Condo listings with a detail page, newest first, refreshed twice a day from the MLS.
- 8715 Surf Drive 1606, Panama City, Fl 32408 · $658,900 · 2 bd / 2 ba · listed Jul 2, 2026 · listed by Superior Of Florida, LLC.
- 8715 Surf Drive 1702B, Panama City Beach, Fl 32408 · $640,000 · 2 bd / 2 ba · listed Jul 2, 2026 · listed by Superior Of Florida, LLC.
The Gulf Crest Condo buying strategy.
If we were buying in Gulf Crest Condo 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 Crest Condo.
A slow clock and a wide condition spread
The 134-day median days-on-market is the number that should shape how a buyer or seller approaches Gulf Crest. It's not a distressed-market signal — it's a low-volume building where the right buyer for a given unit takes time to show up. Sellers should expect a longer runway between listing and contract, and buyers who are willing to be patient often gain leverage on price and terms.
With only nine closings in the current window, comparable sales are sparse, and no single MLS-listed community amenity set is attached to the building in current records — pricing here leans on unit-specific factors: floor, renovation level, and direct Gulf exposure. Since 2012, the community has posted a 91% price gain, a long-term trend line worth noting, but it says nothing about any single year or any specific unit going forward.
The location and the amenities are priced into every listing in Gulf Crest Condo. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Gulf Crest Condo buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (5.4). Basis: Long-Term Appreciation +91% since 2012; Recent Direction -3.9% year-over-year; Pricing Power 91.9% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a building with this few closings, pricing a unit correctly — and reading which comparable actually applies — takes local transaction history, not a formula. We track Gulf Crest's closings as they happen, not on a quarterly lag, so sellers price to the current 134-day reality instead of last year's, and buyers know where actual room to negotiate exists.
Gulf Crest Condo in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $965/month (about $11,580/yr) · median of 47 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $965 per month ($11,580 a year) — the median AssociationFee across 47 MLS records, normalised to a monthly figure; most are billed quarterly. 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.
Tools for a Gulf Crest Condo 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 Crest Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Gulf Crest Condo, 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 Crest Condo home worth?
Get a no-obligation home value based on real comparable sales in Gulf Crest Condo, 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 Crest Condo
Homes in Gulf Crest Condo 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. 3 on record.
- 8715 Surf Drive 1404 · off market
- 8715 Surf Drive 1601A · off market
- 8715 Surf Drive 2002B · off market
Frequently Asked Questions
What is the median home price in Gulf Crest Condo?
How long do homes in Gulf Crest Condo take to sell?
Have Gulf Crest Condo home prices gone up?
Who is the best real estate agent for Gulf Crest Condo?
How do I find a top Panama City real estate agent who knows Gulf Crest Condo?
Can Momentum Realty connect me with an agent for Gulf Crest Condo?
Where is Gulf Crest, and what county is it in?
Should you buy in Gulf Crest Condo?
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) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (152 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 Crest Condo fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Gulf CrestCondos for Sale in Panama City
- Home values · What homes in Gulf CrestCondos for Sale in Panama City actually sell for
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