Gulf Highlands
Homes for Sale in Panama City Beach, FL
All 726 homes for sale in Panama City Beach, FL · median $369,000 · 667 homes for sale in 32413 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of November 2026, Gulf Highlands Unit-2 in Panama City Beach, FL has 6 homes for sale and 1 pending, asking from $399,000 to $800,000 (median $514,750). Over the 12 months ending 2026-11-11, 4 recorded sales closed at a median of $342,500, a median 92 days on market, sellers accepting 92% of original asking. 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 $4,200 ($3,720 with the full homestead exemption).
Last 30 days in Gulf Highlands: 3 new listings (median asking $529,500), 1 under contract right now. As of November 11, 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 · 11 daysTop listing
Active · 54 days
Active · 7 days
Active · 69 days
Active · 0 days
Active · 31 daysActive and pending Gulf Highlands listings as of 2026-11-11, 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.
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.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Gulf Highlands right now
🟢 Buyer-leaning market. 18.0 months of supply and 14% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of CPAR MLS records, as of November 11, 2026. Confidence: Medium (7 active and pending listings, 4 closed sales in 12 months).
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· Updated November 12, 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 November 11, 2026): the median sale price is about $342K, a median 92 days on market for closed sales, and 18.0 months of supply, a buyer-leaning market.
In ZIP 32413 (Panama City Beach), 262 homes closed in the last 12 months at a median of $499K, with a median 71 days on market. Right now 336 active and 61 pending listings put supply at about 15.4 months — a soft market. See the live ZIP 32413 housing market and the Bay County market.
County records show 8 qualified sales in Gulf Highlands across 2024–2025 (7 in 2024, 1 in 2025), median $425,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Gulf Highlands is a community of 120 homes in Panama City Beach, Bay County, built between 1950 and 2023 (median 1984.0), with a median living area of about 1,676 square feet. 57% 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
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 contributors.
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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 3 factors (3.4). Basis: Liquidity & Demand 18.0 months of supply; Owner Commitment 57% owner-occupied; Pricing Power 91.6% 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.
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.
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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. 3 on record.
- 113 Cape Circle · off market
- 140 Manistee Drive · off market
- 201 Armstrong Circle · off market
| Location | Panama City Beach, Bay County, FL · ZIP 32413 |
|---|---|
| Homes in the community | 120 (FL DOR 2025 assessment roll) |
| Years built | 1950–2023 (median 1984.0) |
| Typical living area | 1,676 sq ft (median) |
| Home types (current listings and sales) | singlefamilyresidence 100% |
| Sale prices, last 12 months | $342,500 median across 4 closed sales |
| Days on market (closed sales) | 92 median |
| For sale right now | 6 active, 1 pending · median asking $514,750 · 18.0 months of supply |
| Owner-occupied (homestead) share | 57% |
Data as of November 11, 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 key facts,” movewithmomentum.com/neighborhoods/gulf-highlands-unit-2, data as of November 11, 2026.
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.
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.
- 510 Burnham Avenue, Panama City Beach, Fl 32413 · $800,000 · 3 bd / 3 ba · listed Oct 29, 2026 · listed by Legacy Premier Agency
- 131 Coral Drive, Panama City Beach, Fl 32413 · $529,500 · 3 bd / 2 ba · listed Oct 23, 2026 · listed by Regional Trust Corporation
- 124 Coral Drive, Panama City Beach, Fl 32413 · $399,000 · 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 · $739,000 · 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
- 137 Heather Drive, Panama City Beach, Fl 32413 · $289,000 · 3 bd / 2 ba · pending · listed Aug 13, 2026 · listed by Paradise Properties of NW Florida
More Panama City Beach home searches
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- Panama City Beach home values: what is my house worth?
- ZIP 32413 housing scorecard
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13% 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 (2026-11-12).
What it really costs to own in Gulf Highlands
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $1,974/yr across 14 listings here (MLS tax records, 2026-11-12). |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Bay County is $1,928/yr (1,264 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 1984 across 14 listings. An original roof here would be about 42 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Email me new listings in Gulf Highlands
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Gulf Highlands
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Gulf Highlands will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
What is the median home price in Gulf Highlands?
How long do homes in Gulf Highlands take to sell?
Is Gulf Highlands a buyer's or seller's market right now?
How many homes are in Gulf Highlands?
What share of Gulf Highlands is owner-occupied?
When were the homes in Gulf Highlands built?
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: November 11, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending November 11, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32413)) |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (4 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.
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See how Gulf Highlands Unit-2 fits the bigger picture — live prices, inventory, and Momentum Scores: