Ocean Terrace
Condos for Sale in Panama City, FL
All 257 homes for sale in Panama City, FL · median $349,000 · 235 condos for sale in Panama City · 286 homes for sale in 32408 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of October 2026, Ocean Terr. Condo. in Panama City, FL has 4 homes for sale, asking from $198,000 to $279,900 (median $259,450). Homes listed or recently sold were built 1982–1985; 4 of 4 report an HOA (median $420/mo); 2 of the 4 geocoded homes sit in a FEMA special flood hazard zone (median elevation 16 ft).
Last 30 days in Ocean Terrace: 3 new listings (median asking $269,000). As of October 2, 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 Ocean Terrace Condo
Live MLS inventory for Ocean Terrace 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 Ocean Terrace Condo listings as of 2026-10-01, 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.
Every Home for Sale in Ocean Terr Condo Right Now (4)
All 4 active and pending Ocean Terr Condo listings with a detail page, newest first, refreshed twice a day from the MLS.
- 8618 Surf Drive 208, Panama City Beach, Fl 32408 · $249,900 · 1 bd / 1 ba · listed Sep 11, 2026 · listed by RC Real Estate Group
- 8618 Surf Drive 111, Panama City Beach, Fl 32408 · $269,000 · 2 bd / 1 ba · listed Sep 5, 2026 · listed by Coastal Heritage Real Estate LLC
- 8618 Surf Drive 206, Panama City Beach, Fl 32408 · $279,900 · 1 bd / 1 ba · listed Aug 29, 2026 · listed by RC Real Estate Group
- 8618 Surf Drive 117, Panama City, Fl 32408 · $198,000 · 1 ba · listed Jul 2, 2026 · listed by Counts Real Estate Group Inc
Ocean Terr. Condo. in Panama City doesn't give us much to work with on the numbers side right now. The trailing closing count sits at a single sale, which means there isn't a reliable price benchmark to point to for this building at the moment — any pricing conversation here has to be built from the ground up, unit by unit, rather than pulled from a market trend line.
That thin transaction history cuts both ways. A seller can't lean on recent comps to justify a number, and a buyer can't assume a discount just because volume is low. It just means pricing gets negotiated on the merits of the specific unit — condition, floor, view, and whatever the HOA docs say — rather than on momentum.
The 60-Second Overview
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.
The setting & the homes.
Aerial and on-site photos of Ocean Terrace Condo. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Ocean Terrace Condo
Ocean Terrace Condo
Ocean Terrace Condo
Ocean Terrace CondoPhotos from CPAR MLS listings in Ocean Terrace Condo; content deemed reliable but not guaranteed.
Who Ocean Terrace Condo is best for.
Best for
- A buyer targeting a specific unit in this building who is comfortable pricing it on condition and HOA review rather than recent comps
- An investor or owner who has already done homework on the association's financials and reserve position
- A buyer who wants a Panama City condo and is willing to move without a deep trailing sales history to reference
Probably not for
- A buyer who wants to compare several recent sales in the same building before writing an offer
- Anyone assuming a defined amenity package without confirming it directly with the association
- A buyer uncomfortable pricing a purchase with limited market data to lean on
The market around Ocean Terrace Condo
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.
Housing distress & ownership in Ocean Terr. 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.
Ocean Terrace 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, tiles © CARTO.
The Ocean Terrace Condo buying strategy.
If we were buying in Ocean Terrace 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 Ocean Terrace Condo.
A building with too little data to trend
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.
The location and the amenities are priced into every listing in Ocean Terrace Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
Ocean Terrace Condo in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $420/month (about $5,040/yr) · median of 80 MLS listings, most billed quarterly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $420 per month ($5,040 a year) — the median AssociationFee across 80 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.
Tools for a Ocean Terrace 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 Ocean Terrace Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Ocean Terrace 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 Ocean Terrace Condo home worth?
Get a no-obligation home value based on real comparable sales in Ocean Terrace 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 →
Should you buy in Ocean Terrace 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 1, 2026) |
| Under-contract shares | CPAR MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (15 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 Ocean Terr. Condo. fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Ocean Terrace
Where is Ocean Terrace?
Ocean Terrace is a community in Panama City, Bay County, Florida, ZIP 32408.
Are there homes for sale in Ocean Terrace right now?
Yes — 4 active and 0 pending listings as of the last feed refresh (twice daily). They are listed on this page.
Does Ocean Terrace have an HOA or CDD?
No HOA is on record for Ocean Terrace in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
Nearby Communities
Explore more neighborhoods near Ocean Terrace with Momentum Realty’s local guides.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Bay County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Bay County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.