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

Leisure #1 Condo market snapshot (as of September 20, 2026): the median sale price is about $170K, and a median 196 days on market for closed sales.

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 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.

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.

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.

Listings in this community report association dues of about $386 per month ($4,632 a year) — the median AssociationFee across 38 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, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.