Marina Bay
Condos for Sale in Panama City, FL
All 245 homes for sale in Panama City, FL · median $349,900 · 224 condos for sale in Panama City · 42 homes for sale in 32409 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via CPAR MLS
As of October 2026, Marina Bay Condo in Panama City, FL has 4 homes for sale and 1 pending, asking from $434,990 to $675,000 (median $547,500). Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $425,000, a median 46 days on market, sellers accepting 97% of original asking (-9% versus the prior year). Homes listed or recently sold were built 2001–2001; 5 of 5 report an HOA (median $556/mo); 4 of the 4 geocoded homes sit in a FEMA special flood hazard zone (median elevation 7 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $5,220 ($4,730 with the full homestead exemption).
Last 30 days in Marina Bay: 1 new listing (median asking $660,000), 1 under contract right now. As of October 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.
Homes For Sale Right Now in Marina Bay Condo
Live MLS inventory for Marina Bay Condo. 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 Marina Bay Condo listings as of 2026-10-20, 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.
Marina Bay Condo is a single-vintage building — every unit on record was built in 2001 — so the pricing story here is about condition and updates within a consistent floor plan era, not a mix of old and new construction. The median price of $425,000 reflects a fairly uniform product: similar square footage, similar age, similar systems, which narrows the usual spread you see in more varied condo stock.
Median days on market sits at 46, which points to a measured pace rather than a rush. With 77 homes tracked in the current snapshot, there's enough inventory turnover for buyers to compare units and for sellers to need a clean listing — updated finishes and a fair asking price still do the work of moving a unit inside that window.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Marina Bay Condo right now
🔴 Off the recent peak. The trailing-12-month median ($425K) is down 9.4% from the prior 12 months ($469K). 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 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 20, 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
Marina Bay Condo market snapshot (as of September 20, 2026): the median sale price is about $425K, and a median 46 days on market for closed sales. The trailing-12-month median is down 9% from the prior 12 months, computed from record-level CPAR MLS closed sales (3 closings in the current window).
In ZIP 32409 (Panama City), 126 homes closed in the last 12 months at a median of $440K, up 0.4% year over year, with a median 64 days on market. Right now 80 active and 35 pending listings — a balanced market. See the live ZIP 32409 housing market and the Bay County market.
CPAR sales records identify 6 homes in Marina Bay Condo that have changed hands since 2017, built between 2001 and 2001 (median 2001), with a median living area of about 1,570 sq ft and a typical 2-bedroom, 2-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.
Marina Bay Condo is a 2001-built community in Panama City with a median living area of 1,525 square feet, giving buyers a consistent unit size to plan around rather than a wide range of layouts.
The setting & the homes.
Aerial and on-site photos of Marina Bay Condo. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Marina Bay Condo
Marina Bay Condo
Marina Bay Condo
Marina Bay Condo
Marina Bay CondoPhotos from CPAR MLS listings in Marina Bay Condo; content deemed reliable but not guaranteed.
Who Marina Bay Condo is best for.
Best for
- Buyers who want the predictability of a single build-year condo and are comfortable evaluating unit-by-unit condition rather than era.
- Buyers targeting a purchase near the $425,000 median who want a straightforward, non-renovated-to-luxury comparison set.
- Investors or second-home buyers comfortable with a building where roughly half the units are non-homestead.
Probably not for
- Buyers who need confirmed on-site amenities like a pool, fitness room, or clubhouse spelled out before they'll consider a building.
- Buyers wanting a wide range of unit ages or architectural styles to choose from within one community.
- Buyers expecting a fast, high-volume turnover market rather than a median 46-day sales pace.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level CPAR MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($425K) IS the median in the snapshot above, and the move from 2025 ($469K) IS the -9.4% one-year change.
Windows contain 1 to 6 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.
28% of homes for sale in ZIP 32409 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 (2026-10-20).
Marina Bay Condo Market Scorecard
Marina Bay Condo is currently a balanced market., a median asking price of $434,995, and homes go under contract in about 114 days.
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.
Marina Bay Condo on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from CPAR MLS. Map data © OpenStreetMap contributors.
The Marina Bay Condo buying strategy.
If we were buying in Marina Bay Condo today, this is the order of operations we would run for our clients.
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.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
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 Marina Bay Condo.
One building era, one price story
Because every unit shares a 2001 build year, the usual age-driven price gaps you see in older or mixed-era condo buildings largely disappear here. What separates one listing from another is upkeep, interior updates, and view or floor position — not decade of construction. That makes it easier for a buyer to evaluate value unit-to-unit, and it puts real weight on a seller's renovation history when setting an asking price.
The homestead share sits at roughly 48%, meaning close to half of the units are owner-occupied as a primary residence and the rest are held as second homes or investment property. That mix is worth knowing going in — it shapes how much of the building's activity is turnover-driven versus long-term hold, and it's a reasonable question to ask an HOA directly when reviewing a specific unit.
The location and the amenities are priced into every listing in Marina Bay Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a single-vintage building like Marina Bay Condo, the difference between a fair deal and an overpay comes down to reading recent comparable closings correctly and knowing which updates actually justify the asking price. We pull the current MLS picture — median price, days on market, and inventory count — before you write or accept an offer, so the number in front of you is grounded in what's actually happening in the building right now.
Marina Bay Condo in 15 seconds.
Tools for a Marina Bay Condo buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Marina Bay Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Marina Bay Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Marina Bay Condo home worth?
Get a no-obligation home value based on real comparable sales in Marina Bay Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Panama City →
| Location | Panama City, Bay County, FL · ZIP 32409 |
|---|---|
| Home types (current listings and sales) | condos 100% |
| Sale prices, last 12 months | $425,000 median across 3 closed sales · -9.4% vs the prior 12 months |
| Days on market (closed sales) | 46 median |
| For sale right now | 4 active, 0 pending · median asking $434,995 |
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. Market figures describe homes, not residents. Cite as: Momentum Realty, “Marina Bay key facts,” movewithmomentum.com/neighborhoods/marina-bay-condo--bay, data as of September 20, 2026.
Housing distress & ownership in Marina Bay Condo, Panama City
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
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.
Just listed in Marina Bay
The newest homes for sale in Marina Bay right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 1600 Marina Bay Drive 504, Southport, FL 32409 $660,000 · 3 bd · 3 ba · 1 day on market Courtesy of CENTURY 21 Commander Realty
- 1600 Marina Bay Drive 205, Panama City, FL 32409 $435,000 · 2 bd · 2 ba · 40 days on market Courtesy of Coastal Palms Real Estate
- 1600 Marina Bay Drive 303, Panama City, FL 32409 $434,990 · 2 bd · 2 ba · 114 days on market Courtesy of Counts Real Estate Group Inc
- 1600 Marina Bay Drive 301, Panama City, FL 32409 $675,000 · 3 bd · 3 ba · 164 days on market Courtesy of Coldwell Banker Realty
Checked against the MLS Oct 20, 2026. All new listings in this market.
Every Home for Sale in Marina Bay Condo Bay Right Now (5)
All 5 active and pending Marina Bay Condo Bay listings with a detail page, newest first, refreshed twice a day from the MLS.
- 1600 Marina Bay Drive 504, Southport, Fl 32409 · $660,000 · 3 bd / 3 ba · listed Oct 17, 2026 · listed by CENTURY 21 Commander Realty
- 1600 Marina Bay Drive 606, Southport, Fl 32409 · $425,000 · 2 bd / 2 ba · pending · listed Aug 26, 2026 · listed by Beachy Beach Real Estate
- 1600 Marina Bay Drive 205, Panama City, Fl 32409 · $435,000 · 2 bd / 2 ba · listed Aug 13, 2026 · listed by Coastal Palms Real Estate
- 1600 Marina Bay Drive 301, Panama City, Fl 32409 · $675,000 · 3 bd / 3 ba · listed Jul 22, 2026 · listed by Coldwell Banker Realty
- 1600 Marina Bay Drive 303, Panama City, Fl 32409 · $434,990 · 2 bd / 2 ba · listed Jul 22, 2026 · listed by Counts Real Estate Group Inc
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- Panama City home values: what is my house worth?
- ZIP 32409 housing scorecard
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Panama City guides & data
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- Flood zones
- Home insurance cost
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- ZIP codes
Florida buyer guides
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- Florida property tax calculator
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- The 4-point inspection, explained
- Florida flood insurance calculator
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What it really costs to own in Marina Bay Condos for Sale
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $5,681/yr across 10 listings here (MLS tax records, 2026-10-20). |
|---|---|
| HOA dues | Median $556/month across 5 MLS listings (most billed monthly; 2026-10-20). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| Home and flood insurance | The average Citizens Property Insurance premium in Bay County is $1,928/yr (1,264 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 2001 across 10 listings. An original roof here would be about 25 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Estimated carrying cost at the median asking price, before the mortgage: about $1,190/month (tax $473, HOA $556, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Marina Bay Condos for Sale
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Marina Bay Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Marina Bay Condos for Sale will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
What is the median home price in Marina Bay Condo?
How long do homes in Marina Bay Condo take to sell?
Who is the best real estate agent for Marina Bay Condo?
How do I find a top Panama City real estate agent who knows Marina Bay Condo?
Can Momentum Realty connect me with an agent for Marina Bay Condo?
Where is Marina Bay, and what county is it in?
Should you buy in Marina Bay Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: October 20, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2013 (44 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.
Own a home here?
You just read the data. Now see what your home is worth.
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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See how Marina Bay Condo fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Marina Bay with Momentum Realty’s local guides.
More on Marina Bay Condos for Sale in Panama City
- Home values · What homes in Marina Bay Condos for Sale in Panama City actually sell for