Ocean Terrace
Condos for Sale in Panama City, FL

Ocean Terr. Condo. sits in Panama City, Bay County, and current MLS activity here is light enough that the building doesn't yet show a clear amenity package or a dependable price pattern — this is a community where the due-diligence work matters more than the market snapshot.

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.

Ocean Terrace Condo is too small for its own price trend, so here is the market around it.

In ZIP 32408, 757 homes are on the market and 11% 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 32408 (Panama City), 1,792 homes closed in the last 12 months at a median of $400K, down 0.6% year over year, with a median 75 days on market. Right now 1,195 active and 202 pending listings — a buyer's market. See the live ZIP 32408 housing market and the Bay County market.

ZIP and county figures describe the wider market, not Ocean Terrace Condo specifically. Momentum Research analysis of MLS records.

Right now the MLS feed doesn't surface a defined amenities list for Ocean Terr. Condo., and with only one closing in the trailing window, there isn't enough resale activity to describe a typical price point, a typical days-on-market figure, or a typical buyer profile for the building. That's not unusual for smaller or slower-turning condo stock — it just means the public data set is not the tool to use here.

For a building like this, the real information lives in the condo association's documents, reserve study, and any special assessment history, along with a direct look at the specific unit's condition and location within the building. Anyone evaluating Ocean Terr. Condo. should treat the MLS snapshot as a starting point, not a conclusion.

In a building with this little public transaction history, the value of a broker shows up in the legwork the MLS can't do — pulling the condo docs, checking HOA financials, and pricing the specific unit against its actual condition rather than a market average that doesn't really exist yet for this address.

Listings in this community report association dues of about $420 per month ($5,045 a year) — the median AssociationFee across 4 MLS records, normalised to a monthly figure; most are billed quarterly. 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.