Horizon South
Condos for Sale in Panama City Beach, FL

Horizon South market snapshot (as of September 20, 2026): the median sale price is about $195K, and a median 324 days on market for closed sales. The trailing-12-month median is down 19% from the prior 12 months and up 147% since 2012, computed from record-level CPAR MLS closed sales (5 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.

CPAR sales records identify 45 homes in Horizon South that have changed hands since 2011, built between 1983 and 1999 (median 1985), with a median living area of about 910 sq ft and a typical 2-bedroom, 2-bath layout; 93% 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.

Flood zones in Horizon South: of 13 listing addresses checked against the FEMA National Flood Hazard Layer, 100% sit outside the FEMA Special Flood Hazard Area (Zone X). Individual parcels vary — verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City Beach.

Horizon South is a Panama City Beach community in Bay County where pricing has pulled back meaningfully from its recent peak while remaining well above 2012 levels, and where the current pace favors buyers willing to negotiate on time and terms rather than chase a moving market.

The math here is straightforward: a 161% gain since 2012 built in a lot of cushion, and the 14.6% pullback over the past year is best read as a give-back within that longer trend rather than a collapse. At a $222,000 median, this remains an entry point well below many coastal Bay County communities, which is part of why the long-run appreciation number is so large relative to the current base.

The low closings count (16 in this window) combined with a market heat score of 23 means the data is thin and the market itself is quiet. That combination cuts both ways for a buyer — less competition and more negotiating room, but also fewer comps to lean on when it comes time to make an offer. Because no specific community amenities are currently identified from MLS listings, buyers should verify directly what, if anything, comes with a given listing rather than assume shared amenities are part of the package.

In a community running only 16 closings and a heat score in the low 20s, pricing accuracy depends on reading each transaction individually rather than trusting a broad trend line. We track Horizon South closing by closing so you are negotiating off what is actually happening on the ground, not a stale year-ago comp.

Listings in this community report association dues of about $630 per month ($7,560 a year) — the median AssociationFee across 379 MLS records, normalised to a monthly figure; most are billed monthly. 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.