Gulf Highlands
Homes for Sale in Panama City Beach, FL
All 785 homes for sale in Panama City Beach, FL · median $369,000 · 407 homes for sale in 32407 · 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 Highlands Unit-2 in Panama City Beach, FL has 5 homes for sale and 2 pending, asking from $299,000 to $750,000 (median $425,000). Over the 12 months ending 2026-09-20, 4 recorded sales closed at a median of $370,000, a median 62 days on market, sellers accepting 95% of original asking (+16% versus the prior year). Homes listed or recently sold were built 1978–2026 with 1 new construction; none of the 7 geocoded homes sit in a FEMA special flood hazard zone (median elevation 36 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $4,540 ($4,060 with the full homestead exemption).
| Location | Panama City Beach, Bay County, FL · ZIP 32407, 32413 |
|---|---|
| Homes in the community | 127 (FL DOR 2025 assessment roll) |
| Years built | 1950–2023 (median 1984) |
| Typical living area | 1,646 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 100% |
| Sale prices, last 12 months | $370,000 median across 4 closed sales · +16.4% vs the prior 12 months |
| Days on market (closed sales) | 62 median |
| For sale right now | 4 active, 1 pending · median asking $444,500 |
| Owner-occupied (homestead) share | 72% |
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 Highlands Unit-2 key facts,” movewithmomentum.com/neighborhoods/gulf-highlands-unit-2, data as of September 20, 2026.
Last 30 days in Gulf Highlands: 4 new listings (median asking $462,500), 2 under contract right now. As of September 30, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Gulf Highlands
Live MLS inventory for Gulf Highlands. 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 Highlands 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 Highlands Unit 2 Right Now (7)
All 7 active and pending Gulf Highlands Unit 2 listings with a detail page, newest first, refreshed twice a day from the MLS.
- 124 Coral Drive, Panama City Beach, Fl 32413 · $425,000 · 3 bd / 2 ba · listed Sep 28, 2026 · listed by Keller Williams Success Realty
- 152 Manistee Drive, Panama City Beach, Fl 32413 · $424,900 · 3 bd / 2 ba · listed Sep 23, 2026 · listed by Counts Real Estate Group Inc
- 105 Heather Drive, Panama City Beach, Fl 32413 · $750,000 · 4 bd / 3 ba · listed Sep 18, 2026 · listed by Realty One Group Emerald Coast
- 130 Heather Drive, Panama City Beach, Fl 32413 · $499,999 · 3 bd / 3 ba · listed Aug 19, 2026 · listed by Beach King Realty
- 140 Manistee Drive, Panama City, Fl 32413 · $350,000 · 3 bd / 2 ba · pending · listed Jul 12, 2026 · listed by Beachy Beach Real Estate
- 137 Heather Drive, Panama City Beach, Fl 32413 · $299,000 · 3 bd / 2 ba · listed Jul 2, 2026 · listed by Paradise Properties of NW Florida
- 113 Cape Circle, Panama City Beach, Fl 32413 · $389,000 · 3 bd / 2 ba · pending · listed Jul 2, 2026 · listed by Coldwell Banker Realty
Gulf Highlands Unit-2 is a mid-$300s market on paper (median price $315,500), but the real story is age spread: homes here date from 1950 to 2024 with a median year built of 1988, so buyers are choosing between older stock that needs a clear-eyed condition assessment and newer or renovated homes competing in the same price band. That range does more to set price than square footage does, since median living area sits around 1,629 square feet, a size that shows up across both eras of construction.
With a market heat score of 28 and median days on market just over 62, this is not a bidding-war environment. Pricing has also slipped slightly year over year (-1.4%), which tells sellers to price at or near recent comparables rather than testing the market, and tells buyers there is room to negotiate on condition and terms rather than racing a clock.
Gulf Highlands right now
🟢 Still climbing. The trailing-12-month median ($370K) is up 16.4% from the prior 12 months ($318K) and up 252% 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 (4 and 8 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 Highlands market snapshot (as of September 20, 2026): the median sale price is about $370K, and a median 63 days on market for closed sales. The trailing-12-month median is up 16% from the prior 12 months and up 252% since 2012, computed from record-level CPAR MLS closed sales (4 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.
County records show 8 qualified sales in Gulf Highlands across 2024–2025 (6 in 2024, 2 in 2025), median $375,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Gulf Highlands is a community of 127 homes in Panama City Beach, Bay County, built between 1950 and 2023 (median 1984), with a median living area of about 1,646 square feet. 72% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Gulf Highlands Unit-2 is an established Panama City Beach community of 412 homes spanning seven decades of construction, where price is driven more by individual home condition and vintage than by any single defining feature.
The setting & the homes.
Aerial and on-site photos of Gulf Highlands. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Gulf HighlandsPhotos from CPAR MLS listings in Gulf Highlands; content deemed reliable but not guaranteed.
Who Gulf Highlands is best for.
Best for
- Buyers targeting a mid-$300s price point who are willing to inspect thoroughly given the wide build-year range
- Buyers seeking a slower-paced negotiation with more time to evaluate, given days on market running past two months
- Investors or second-home buyers comfortable operating in a market where close to half of homes are already non-homestead
Probably not for
- Buyers who want a defined, amenity-driven community, since none is currently listed
- Buyers seeking newer construction exclusively, given the median year built sits near 1988
- Sellers expecting rapid appreciation, given a slight year-over-year price decline and low current market heat
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 ($370K) IS the median in the snapshot above, and the move from 2025 ($318K) IS the +16.4% one-year change.
Windows contain 4 to 18 sales each (4 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.
14% of homes for sale in ZIP 32413 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).
Gulf Highlands Market Scorecard
Gulf Highlands is currently a balanced market., a median asking price of $444,500, and homes go under contract in about 11 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 Highlands Unit-2, Panama City Beach
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 Highlands 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 Highlands buying strategy.
If we were buying in Gulf Highlands 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 Highlands.
A Market Priced on Condition, Not Consensus
A 1950-2024 build range inside one community means Gulf Highlands Unit-2 doesn't behave like a tract of similar houses. Two homes near the same median size can sit worlds apart in mechanical age, layout, and finish, and that's exactly what a median year built of 1988 signals: this is a true mid-century-through-modern mix, not a single-era subdivision. Buyers need to treat every listing here as its own case, and sellers need to be specific about what separates their home from the pack, whether that's a recent renovation or simply well-kept original systems.
The homestead share sits at 51.6%, meaning roughly half of these properties are owner-occupied and half are held as second homes, rentals, or investment property, a common pattern for Panama City Beach. That mix affects how a home shows and how motivated a given seller may be, and it's worth confirming occupancy status early in any offer strategy. No community amenities are listed in current MLS data, so any appeal here is about the home and its location, not a shared facility package.
The location and the amenities are priced into every listing in Gulf Highlands. 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 Highlands 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 4 factors (8.5). Basis: Long-Term Appreciation +252% since 2012; Recent Direction +16.4% year-over-year; Owner Commitment 72% owner-occupied; Pricing Power 95.3% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a community with this much variation in home age and condition, generic comps don't work. We pull the specific closings that match a home's era and finish level, not just its address, and we read the homestead-versus-investment mix on a given street before advising on price or terms.
Gulf Highlands 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 Highlands 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 Highlands sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Gulf Highlands, 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 Highlands home worth?
Get a no-obligation home value based on real comparable sales in Gulf Highlands, 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 Beach →
Recently off market in Gulf Highlands Unit-2
Homes in Gulf Highlands Unit-2 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.
- 201 Armstrong Circle · off market
Frequently Asked Questions
What is the median home price in Gulf Highlands?
How long do homes in Gulf Highlands take to sell?
How many homes are in Gulf Highlands?
What share of Gulf Highlands is owner-occupied?
When were the homes in Gulf Highlands built?
Have Gulf Highlands home prices gone up?
Who is the best real estate agent for Gulf Highlands?
How do I find a top Panama City Beach real estate agent who knows Gulf Highlands?
Can Momentum Realty connect me with an agent for Gulf Highlands?
Where is Gulf Highlands, and what county is it in?
Should you buy in Gulf Highlands?
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 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32407/32413)) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (138 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 Highlands Unit-2 fits the bigger picture — live prices, inventory, and Momentum Scores:
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