Leisure #1
Condos for Sale in Panama City Beach, FL

Leisure #1 Condo is a small condo association in Panama City Beach where sales activity is limited enough that pricing and timeline expectations should be set on a unit-by-unit basis rather than assumed from broader market trends.

CPAR sales records identify 7 homes in Leisure #1 Condo that have changed hands since 2014, built between 1972 and 1973 (median 1972), with a median living area of about 1,200 sq ft and a typical 2-bedroom, 1-bath layout; 100% 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.

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.

Leisure #1 Condo is too small for its own price trend, so here is the market around it.

In ZIP 32407, 462 homes are on the market and 16% are under contract — a slower corner of Panama City Beach.

Across Bay County, 2,406 homes are active and 434 pending (15% under contract).

In ZIP 32407 (Panama City Beach), 198 homes closed in the last 12 months at a median of $376K ($183/sq ft), down 15.4% year over year, with a median 65 days on market. Right now 207 active and 61 pending listings put supply at about 12.5 months — a soft market. See the live ZIP 32407 housing market and the Bay County market.

ZIP and county figures describe the wider market, not Leisure #1 Condo specifically. Momentum Research analysis of MLS records.

With just 5 closings in the current window, Leisure #1 Condo does not generate the transaction volume of larger complexes nearby. That is not necessarily a flaw — some buildings simply turn over slowly — but it does mean the median price of $170,000 and the 196-day median DOM should be read as directional signals, not statistical certainties. A single unit closing at an unusual price or condition can shift both numbers noticeably.

No community amenities are identified from current MLS listings, which means buyers should verify directly what the association offers — pool, storage, parking, or otherwise — rather than assuming standard condo features. This is a building where due diligence on the condo docs, association financials, and unit condition carries more weight than in higher-volume communities where comparable sales are easy to find.

In a low-volume building like this, pricing a listing or evaluating an offer requires pulling comparables from a wider radius and reading between the lines of a thin sales history. We do that work directly, and we tell clients plainly when the data supports a number and when it is a judgment call.