Lake Marin
Homes for Sale in Panama City, FL

Lake Marin is a Panama City community in Bay County built out gradually over more than six decades, resulting in a housing stock that ranges from older, established construction to homes finished as recently as 2023.

CPAR sales records identify 8 homes in Lake Marin that have changed hands since 2021, built between 1986 and 2017 (median 2004), with a median living area of about 1,658 sq ft and a typical 3-bedroom, 2-bath layout. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

County records show 10 qualified sales in Lake Marin across 2024–2025 (5 in 2024, 5 in 2025), median $349,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Lake Marin is too small for its own price trend, so here is the market around it.

In ZIP 32401, 145 homes are on the market and 15% are under contract — a slower corner of Panama City.

Across Bay County, 2,515 homes are active and 528 pending (17% under contract).

In ZIP 32401 (Panama City), 337 homes closed in the last 12 months at a median of $307K, up 0.5% year over year, with a median 62 days on market. Right now 166 active and 29 pending listings — a buyer's market. See the live ZIP 32401 housing market and the Bay County market.

ZIP and county figures describe the wider market, not Lake Marin specifically. Momentum Research analysis of MLS records.

The build timeline at Lake Marin, 1959 to 2023 with a median year of 1999, tells you this is not a single-phase subdivision. Buyers will find a mix of legacy construction and newer builds within the same 184-home footprint, which means due diligence on age-related systems, like roofs and mechanicals, matters more here than in a community built in one contiguous run.

At a median living area of 1953 square feet, homes here sit in a moderate size range rather than skewing toward very small or very large footprints. Combined with the high owner-occupancy share, the pattern suggests a community used for longer-term living rather than quick resale or rental turnover. No community amenities are currently identified from active MLS listings, so buyers evaluating lifestyle features should verify directly rather than assume shared recreational infrastructure.

In a community with this much construction-era variation, the difference between a fair offer and an overpay often comes down to reading a specific home's condition and update history correctly. We walk that history with you, home by home, rather than pricing off broad averages.

Listings in this community report association dues of about $1,056 a year ($88 a month) — the median AssociationFee across 135 MLS records, normalised to a monthly figure; most are billed annually. 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.