Lake Drive Heights
Homes for Sale in Panama City, FL

All 257 homes for sale in Panama City, FL · median $349,000 · 302 homes for sale in 32404 · Bay County homes for sale

Community in Panama City · Bay County · ZIP 32404
18 homesBuilt 1959–2019Median sale $230K
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Live Market Pulse
55/100
Market Heat
Near its long-run normal
2014 → 2026 · 77 at the 2022 peak
0 is Lake Drive Heights's coldest market since 2014, 100 its hottest. Today: 55. How it's scored

Photo via CPAR MLS

Built fromLive CPAR MLS data14 years of closingsFL DOR public recordsUpdated twice daily

As of October 2026, Lake Drive Heights in Panama City, FL has 1 home for sale. Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $230,000, a median 19 days on market, sellers accepting 97% of original asking (-12% versus the prior year). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $2,820 ($2,340 with the full homestead exemption).

Lake Drive Heights key facts
LocationPanama City, Bay County, FL · ZIP 32404, 32405
Homes in the community18 (FL DOR 2025 assessment roll)
Years built1959–2019 (median 1959.5)
Typical living area1,519 sq ft (median)
Sale prices, last 12 months$230,000 median across 3 closed sales · -12.0% vs the prior 12 months
Days on market (closed sales)19 median
For sale right now1 active, 0 pending · median asking $260,000
Owner-occupied (homestead) share67%

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, “Lake Drive Heights key facts,” movewithmomentum.com/neighborhoods/lake-drive-heights, data as of September 20, 2026.

Live · Lake Drive Heights Housing Pulse CPAR MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$230K ▼
Median sold · 12 mo
down 12.0% vs the prior 12 months
-12.0% ▼
1-yr price change
n = 3 and 3 sales in the two windows
97.0%
Sale vs ask
Tempo
19days
Median DOM · closed
5 days at the 2019 low
0%
Under contract
Bay: 17% (528 of 3,043)
1 · 0
For sale · pending
live counts, refreshed twice daily
3
Sold · last 12 mo
10-yr average: about 4 a year
Ownership and context
67%
Owner-occupied · Lake Drive Heights
12 of 18 parcels homesteaded (FL DOR 2025)
33%
Non-owner-occupied · Lake Drive Heights
incl. 0% trust or LLC-held · 6% out-of-state
18
Homes in the community
18 residential parcels (FL DOR 2025)
Track record · 14 years of records
Est. 1959
Community established
homes built 1959-2019, median 1960 (FL DOR 2025)
16.7%/yr
Turnover rate
about 3 of 18 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Lake Drive Heights prices around a median of $259,000, and with a year-built range stretching from 1900 to 2024, that figure is doing a lot of work covering very different kinds of houses. A median year built of 1976 tells you the core of the inventory is established, not new construction, so condition and updates — not just square footage — are what separate the top and bottom of that price spread.

A median 65 days on market is a real number to plan around: this is not a community where offers get bid up in a week. Sellers should price to the condition of the home rather than to what a neighbor's renovated listing pulled, and buyers have room to negotiate, inspect thoroughly, and take their time before writing an offer.

Lake Drive Heights Housing Pulse · Momentum Research · as of September 20, 2026

Lake Drive Heights right now

🔴 Off the recent peak. The trailing-12-month median ($230K) is down 12.0% from the prior 12 months ($262K). With about 4 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 (3 and 3 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

· Updated October 2, 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

Lake Drive Heights market snapshot (as of September 20, 2026): the median sale price is about $230K, and a median 19 days on market for closed sales. The trailing-12-month median is down 12% from the prior 12 months, computed from record-level CPAR MLS closed sales (3 closings in the current window).

In ZIP 32404 (Panama City), 1,060 homes closed in the last 12 months at a median of $290K, down 3.3% year over year, with a median 58 days on market. Right now 391 active and 146 pending listings — a balanced market. See the live ZIP 32404 housing market and the Bay County market.

Lake Drive Heights is a community of 18 homes in Panama City, Bay County, built between 1959 and 2019 (median 1959.5), with a median living area of about 1,519 square feet. 67% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

This is an established Panama City pocket of 361 homes with a wide build-year range, from homes dating to 1900 up through 2024 construction, giving the area more architectural variety than a typical single-era subdivision.

Best for

  • Buyers targeting a purchase near the $259,000 median who are willing to weigh condition carefully against price.
  • Buyers who want a full-size home footprint (median 1,821 sq ft) rather than a compact or oversized outlier.
  • Buyers comfortable taking extra time on inspections given the longer median days-on-market pace here.

Probably not for

  • Buyers who want a defined amenity package, since none are identified in current MLS listings.
  • Buyers who need a single-era, architecturally uniform subdivision rather than a mixed 1900–2024 build range.
  • Sellers expecting a fast turnaround — the median 65-day timeline calls for realistic, condition-based pricing.

Windows contain 1 to 8 sales each (3 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.

Median sale price · trailing 12 mo
$100K$200K20122014201620182020202220242026
Down 12.0% year over year.
Median days on market · closed sales
05010020122014201620182020202220242026
5 days at the 2019 low; 19 now.
Sale price vs original ask · median
80%90%100%20122014201620182020202220242026
97.0% now.
Homes sold per 12-mo window
025820122014201620182020202220242026
1 to 8 a year; 3 in the current window.
Market Heat · 0 coldest, 100 hottest in the record
20406080seller-leaningbuyer-leaning201420162018202020222026
77 at the 2022 peak, 20 in the troughs, 55 now. Same score as the hero card, full history.

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.

$2,121/mo
Bay County typical true cost to own
$161/mo
Bay County typical home insurance
Check CDD
Confirm before you offer

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.

How much local inventory is already under contract

24% of homes for sale in ZIP 32404 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 (2026-10-02).

Lake Drive Heights Market Scorecard

Balanced

Lake Drive Heights is currently a balanced market., a median asking price of $260,000, and homes go under contract in about 90 days.

$260,000
Median list
$230,000
Median sold
90
Days on mkt
1/0/0
Active/Pend/Sold

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 Lake Drive Heights, Panama City

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 16 listings
Distress share trend — 0.0% now (2026-09-14 → 2026-09-19)

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 Lake Drive Heights

Live MLS inventory for Lake Drive Heights. 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 Lake Drive Heights 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 Lake Drive Heights Right Now (1)

All 1 active and pending Lake Drive Heights listings with a detail page, newest first, refreshed twice a day from the MLS.

If we were buying in Lake Drive Heights today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Lake Drive Heights.

Best Buy
Buyers comfortable evaluating a wide range of home ages and conditions rather than shopping a uniform, single-era subdivision.
Biggest Risk
The 1900–2024 build range means condition and system age can vary enormously from one listing to the next.
Sweet Spot
Buyers targeting a full-size home near the median 1,821 square feet who plan to evaluate each property on its own merits.
Avoid If
You want a planned community with defined shared amenities — none are identified in current MLS listings here.

An established footprint, not a planned subdivision

The build-year spread here — 1900 to 2024 — means Lake Drive Heights reads less like a single-phase subdivision and more like an accumulated neighborhood, where a decades-old home can sit near recent construction. A median living area of 1,821 square feet suggests a solid baseline of full-size homes rather than a market dominated by starter cottages or oversized new builds, though buyers should expect that number to swing meaningfully depending on a given home's era.

A homestead share just above half (52.3%) points to a market with a meaningful owner-occupied base rather than one dominated by short-term rental or transient ownership, which tends to support more consistent upkeep across the area's older housing stock. No community amenities are identified in current MLS listings, so this is a location and housing-stock story rather than an amenity-package one — worth knowing going in.

“

The location and the amenities are priced into every listing in Lake Drive Heights. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
5.9C+ · Buy Score
Recent Direction3.0/10
Owner Commitment6.7/10
Pricing Power8.0/10

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 (5.9). Basis: Recent Direction -12.0% year-over-year; Owner Commitment 67% owner-occupied; Pricing Power 97.0% sale-to-list. Refreshed with each data update.

Why work with Momentum here

With a median 65 days on market and a build-year range spanning more than a century, pricing and evaluating a specific house in Lake Drive Heights takes more than a comp pull — it takes someone who can weigh a 1900s structure against a 2020s one on the same street. We walk buyers through condition trade-offs house by house and help sellers price to what their specific home's era and updates actually support, not the neighborhood median.

Lake Drive Heights in 15 seconds.

Best forBuyers comfortable evaluating a wide range of home ages and conditions rather than shopping a uniform, single-era subdivision.
Biggest advantageA median 65 days on market gives buyers real room to negotiate and inspect before committing.
Biggest riskThe 1900–2024 build range means condition and system age can vary enormously from one listing to the next.
Sweet spotBuyers targeting a full-size home near the median 1,821 square feet who plan to evaluate each property on its own merits.
Avoid ifYou want a planned community with defined shared amenities — none are identified in current MLS listings here.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the Lake Drive Heights homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in Lake Drive Heights.
In short
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Lake Drive Heights sales matched to your home.

What is your Lake Drive Heights home worth?

Get a no-obligation home value based on real comparable sales in Lake Drive Heights, 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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Real comps, not an automated estimate.

Recently off market in Lake Drive Heights

Homes in Lake Drive Heights 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.

Frequently Asked Questions

What is the median home price in Lake Drive Heights?
The median sale price in Lake Drive Heights was $230K over the 12 months ending September 20, 2026 (3 closed sales, CPAR MLS).
How long do homes in Lake Drive Heights take to sell?
Homes that closed in the 12 months ending September 20, 2026 took a median 19 days on market (3 sales, CPAR MLS).
How many homes are in Lake Drive Heights?
The Florida DOR 2025 assessment roll shows 18 homes in Lake Drive Heights (public records).
What share of Lake Drive Heights is owner-occupied?
67% of Lake Drive Heights parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Lake Drive Heights built?
Homes in Lake Drive Heights were built between 1959 and 2019, with a median year built of 1959.5 (FL DOR 2025 roll).
Who is the best real estate agent for Lake Drive Heights?
The best agent for Lake Drive Heights is one who actively works Panama City and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Lake Drive Heights.
How do I find a top Panama City real estate agent who knows Lake Drive Heights?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Lake Drive Heights and the wider Panama City area.
Can Momentum Realty connect me with an agent for Lake Drive Heights?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Lake Drive Heights purchase or sale - no call center and no pressure.
Where is Lake Drive Heights, and what county is it in?
Lake Drive Heights is in Panama City, Bay County, FL, ZIP codes 32404, 32405. The community's center is about 4 miles northwest of the center of Panama City (straight-line).
Buyers targeting a purchase near the $259,000 median who are willing to weigh condition carefully against price.Excellent fit
Buyers who want a full-size home footprint (median 1,821 sq ft) rather than a compact or oversized outlier.Excellent fit
Buyers comfortable taking extra time on inspections given the longer median days-on-market pace here.Excellent fit
Buyers who want a defined amenity package, since none are identified in current MLS listings.Probably not
Buyers who need a single-era, architecturally uniform subdivision rather than a mixed 1900–2024 build range.Probably not
Sellers expecting a fast turnaround — the median 65-day timeline calls for realistic, condition-based pricing.Probably not

Data sources & freshness

Live listingsCPAR MLS, refreshed twice daily (last: October 1, 2026)
Community market statsCPAR MLS closed sales, 12-month windows ending September 20, 2026
Housing stock & ownershipFlorida DOR assessment roll (street-list match (1 streets, ZIP 32404/32405))
Under-contract sharesCPAR MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 2012 (66 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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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.

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More on Lake Drive Heights

Thinking of selling in Lake Drive Heights? 3 recorded closings; median 19 days on market (window ending 2026-09-20). See the Bay County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.

Nearby Communities

Explore more neighborhoods near Lake Drive Heights with Momentum Realty’s local guides.

Lakewood (Bay)0.2 mi awayBlack Oak Ridge0.2 mi awayHickory Park0.3 mi away · median $285K, 3 sales/12 moSycamore Heights0.4 mi awayWh Parker0.4 mi away · 1 for saleParker0.4 mi away · 3 for saleRobins Court0.5 mi away

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