Panama Gardens
Homes for Sale in Jacksonville, FL
All 4,477 homes for sale in Jacksonville, FL · median $299,999 · 163 homes for sale in 32208 · Duval County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo courtesy of FLORIDA HOMES REALTY & MTG LLC · via realMLS
As of October 2026, Panama Gardens in Jacksonville, FL has 1 home for sale. Over the 12 months ending 2026-10-20, 3 recorded sales closed at a median of $62,000, $63 per square foot, a median 35 days on market, sellers accepting 82% of original asking (-68% versus the prior year). Homes listed or recently sold were built 1926–1947; none of the 5 geocoded homes sit in a FEMA special flood hazard zone (median elevation 17 ft). At the median price and Duval County's FY2025-26 rate of 17.86 mills, annual property tax runs about $1,110.
Panama Gardens is an older, established pocket of Duval County housing stock — homes here range from as early as 1908 up through as recent as 2024, with a median year built of 1940. That kind of spread means pricing and product are driven far more by individual condition and construction era than by a uniform housing type: a 1908 original sits within the same footprint as infill built in 2024, and the two are not interchangeable. Median living area lands at 1,298 square feet, so the baseline home here is compact by design, not a size play.
Right now the market is thin. Only 1 active listing sits against a base of 307 homes, and the trailing window shows just 2 closings — there is not much fresh transaction data to lean on. Months of supply reads at 6.0, landing this in balanced territory, but with inventory this scarce, any single listing can swing the read. For a seller, that scarcity is leverage; for a buyer, it means being ready to move the moment the rare listing appears rather than waiting for a deep bench of comparables.
Figures in this note are as of July 15, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Panama Gardens right now
🟡 Balanced market. 4.0 months of supply and 50% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of realMLS records, as of October 20, 2026. Confidence: Low (2 active and pending listings, 3 closed sales in 12 months).
🔴 Off the recent peak. The trailing-12-month median ($62K) is down 67.8% from the prior 12 months ($192K). 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 realMLS closed sales, 12-month windows ending October 20. Confidence: Low (3 and 5 sales in the two windows).
What's unique here: the median sale price is about 80% below the typical Duval County sale ($62K vs $310K, trailing 12 months, realMLS records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 20, 2026 · Live data: realMLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Panama Gardens market snapshot (as of October 20, 2026): the median sale price is about $62K ($63 per sq ft over the trailing 12 months of closed sales), a median 35 days on market for closed sales, and 4.0 months of supply, a balanced market. The trailing-12-month median is down 68% from the prior 12 months, computed from record-level realMLS closed sales (3 closings in the current window).
In ZIP 32208 (Jacksonville), 363 homes closed in the last 12 months at a median of $168K ($124/sq ft), down 1.0% year over year, with a median 41 days on market. Right now 95 active and 15 pending listings put supply at about 7.0 months — a buyer's market. See the live ZIP 32208 housing market and the Duval County market.
County records show 23 qualified sales in Panama Gardens across 2024–2025 (16 in 2024, 7 in 2025), median $170,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Panama Gardens is a community of 307 homes in Jacksonville, Duval County, built between 1908 and 2024 (median 1940), with a median living area of about 1,298 square feet. 36% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Panama Gardens homes date back to 1908 and run as recent as 2024, with a median year built of 1940 — inside a 307-home base where homestead exemptions cover 36.1% of properties, pointing to a market split between owner-occupied and non-owner-occupied inventory.
The setting & the homes.
Aerial and on-site photos of Panama Gardens. Swipe to explore the community.
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Panama GardensPhotos from realMLS listings in Panama Gardens; content deemed reliable but not guaranteed.
Who Panama Gardens is best for.
Best for
- Buyers open to a mix of century-old and newer-built homes rather than a single construction era.
- Buyers targeting a compact living footprint near the 1,298-square-foot median rather than a larger home.
- Investors comfortable with a market where homestead (owner-occupied) exemptions cover only 36.1% of homes.
Probably not for
- Buyers who want a large selection of active listings to compare before deciding — only 1 is currently on the market.
- Buyers prioritizing listed community amenities — current MLS data does not identify any for Panama Gardens.
- Buyers relying on a deep set of recent closed comparables — the window shows only 2 closings.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending October 20 of each year, from record-level realMLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($62K) IS the median in the snapshot above, and the move from 2025 ($192K) IS the -67.8% one-year change.
Windows contain 0 to 6 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
24% of homes for sale in ZIP 32208 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).
Panama Gardens Market Scorecard
Panama Gardens is currently a balanced market. About 4.0 months of supply, a median asking price of $345,000, and homes go under contract in about 52 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Panama Gardens
Live MLS inventory for Panama Gardens. 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 Panama Gardens listings as of 2026-10-20, priced high to low. Source: Data provided by realMLS. Tap any home to ask about it.
Panama Gardens on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from realMLS. Map data © OpenStreetMap contributors.
Schools
- Duval County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- William M. Raines High School (Duval County Public Schools); verify by address · High
- Matthew W. Gilbert Middle School; verify by address · Middle
- Sallye B. Mathis Elementary School; verify by address · Elementary
Zoned schools reflect the assignments reported on recent Panama Gardens listings and can change; always confirm with Duval County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Panama Gardens address.
The Panama Gardens buying strategy.
If we were buying in Panama Gardens 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 Panama Gardens.
A Century-Plus of Construction, a Modest Footprint
The 307 homes that make up Panama Gardens were built anywhere from 1908 to 2024, with a median year built of 1940. That is an unusually wide construction window for a single community, and it shows up in the products buyers will actually see: older, original-era housing stock alongside pockets of newer infill. The median living area of 1,298 square feet confirms this is not a big-lot, big-house market — most homes here are modestly scaled, whatever their build year.
Ownership structure is also mixed. Homestead exemptions — Florida's marker for owner-occupied, primary-residence status — cover 36.1% of homes in Panama Gardens, meaning a meaningful share of the stock is held as rentals or investment property rather than owner-occupied primary residences. Combined with a market showing only 1 active listing and 2 closings in the current window against 6.0 months of supply, this reads as a quiet, low-transaction corner of Duval County rather than a high-turnover corridor. Current MLS data does not identify community amenities here.
The location and the amenities are priced into every listing in Panama Gardens. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Panama Gardens buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (2.4). Basis: Recent Direction -67.8% year-over-year; Liquidity & Demand 4.0 months of supply; Owner Commitment 36% owner-occupied; Pricing Power 81.6% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Working an area with this much construction-era range and this little active inventory takes local, transaction-level knowledge — knowing which blocks carry original 1908-era housing stock versus newer infill, and being positioned to act the moment one of Panama Gardens' rare listings hits the market. Momentum tracks Duval County inventory in real time and can help buyers move decisively in a 307-home community where there is currently just 1 active listing to work with.
Panama Gardens in 15 seconds.
Tools for a Panama Gardens 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 Panama Gardens sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Panama Gardens, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Panama Gardens home worth?
Get a no-obligation home value based on real comparable sales in Panama Gardens, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in Panama Gardens
Homes in Panama Gardens that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 4 on record.
- 120 56Th Street · off market
- 29 56Th Street · off market
- 75 E 61St Street · off market
- 81 E 61St Street · off market
| Location | Jacksonville, Duval County, FL · ZIP 32208 |
|---|---|
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Carbon Monoxide Detector(s), Security System Leased |
| Sale prices, last 12 months | $62,000 median across 3 closed sales · $63 per sq ft · -67.8% vs the prior 12 months |
| Days on market (closed sales) | 35 median |
| For sale right now | 1 active, 1 pending · median asking $345,000 · 4.0 months of supply |
| Zoned public schools | William M. Raines High School (Duval County Public Schools); verify by address; Matthew W. Gilbert Middle School; verify by address; Sallye B. Mathis Elementary School; verify by address |
Data as of October 20, 2026. Data provided by realMLS. Market figures describe homes, not residents. Cite as: Momentum Realty, “Panama Gardens key facts,” movewithmomentum.com/neighborhoods/panama-gardens-jacksonville, data as of October 20, 2026.
Housing distress & ownership in Panama Gardens, Jacksonville
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. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
Every Home for Sale in Panama Gardens Jacksonville Right Now (2)
All 2 active and pending Panama Gardens Jacksonville listings with a detail page, newest first, refreshed twice a day from the MLS.
- 81 56th Street · $345,000 · 4 bd / 3 ba · listed Aug 30, 2026 · listed by Watson Realty Corp
- 6946 Oakwood Street · $134,000 · 2 bd / 1 ba · pending · listed Jul 22, 2026 · listed by Florida Homes Realty & Mtg Llc
Recently sold in Panama Gardens Jacksonville
- 120 56Th Street · sold $65,000
- 75 E 61St Street · sold $62,000
- 81 E 61St Street · sold $40,000
Closed sales from the MLS; each page shows the sold price, taxes and value history.
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Jacksonville guides & data
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- Property taxes (Duval County)
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Florida buyer guides
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- Florida flood insurance calculator
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Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- Oakwood Street (19 homes on record)
- Oakwood Street (12 homes on record)
- E 56Th Street (7 homes on record)
- E 59Th Street (6 homes on record)
- E 56Th Street (2 homes on record)
- E 59Th Street (2 homes on record)
- Remler Drive S (1 homes on record)
Recent Developments in Panama Gardens
Development, infrastructure, retail, and school activity affecting Panama Gardens, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Retail & Dining
Council committee defers vote on incentives for Downtown Publix at 119 W. Beaver St.
The Finance Committee deferred a $49.65 million incentive package for Gateway Jax's $140.15 million high-rise anchored by a Publix at 119 W. Beaver St. The tower is planned with 259 apartments and about 400 parking spaces. The committee is scheduled to revisit the bill Nov. 4, the day after the Amendment 3 vote.
What it may mean for the marketThe timing of the first full-size grocery store in the Downtown core depends on the incentive vote, affecting nearby retail access. The site is about 5 miles southeast of Panama Gardens.
Source: Jacksonville Today - September 2026Infrastructure
JEA advances about $690 million in infrastructure projects including Fulton Cut transmission line raise near JAXPORT
JEA is moving forward with three water reclamation projects (Blacks Ford in northwest St. Johns County, over $220 million; near Jacksonville International Airport, about $193 million; East Arlington, just under $165 million) and the $117 million Fulton Cut transmission line clearance over the St. Johns River near Blount Island. Fulton Cut, shared with JAXPORT and the city, is expected to finish in summer 2027 and all four projects by 2030.
What it may mean for the marketRaised power lines support larger ship access to port terminals, and new reclamation capacity supports growth in surrounding areas. The site is about 11 miles east of Panama Gardens.
Source: News4JAX - September 2026Development
Gateway Jax seeks more than $70 million in city incentives for Riverfront Plaza tower and Hotel Merrydelle
Gateway Jax is requesting about $55.4 million in incentives for a 17-story, roughly $271.5 million Riverfront Plaza tower with 130 to 170 hotel rooms and 50 to 150 residences on Independent Drive. It also seeks a $15 million loan for the nearly $50 million renovation of the former Ambassador Hotel at 420 Julia Street. The Downtown Investment Authority board votes Sept. 16 and City Council has the final say.
What it may mean for the marketIf approved, the projects would add hotel rooms, residences and restaurants along the Downtown riverfront. The site is about 5 miles southeast of Panama Gardens.
Source: Jacksonville Today - September 2026Development
Downtown review board approves concept for first new University of Florida graduate campus building in LaVilla
The Downtown Development Review Board voted 7-0 on Sept. 10 for a six to eight story, roughly 185,000 square foot academic building on a 2.34-acre site bounded by West Bay, Forsyth and North Lee streets. It is the first new building in a multiphase UF graduate and semiconductor institute campus estimated at $345 million. UF hopes to break ground in December, pending final design review and permitting.
What it may mean for the marketA large graduate campus adds education and technology jobs and daytime foot traffic to the western Downtown core. The site is about 5 miles south of Panama Gardens.
Source: Jacksonville Today - July 2026Development
JWB secures funding for 108 affordable housing units in Jacksonville
Jacksonville Today reported that JWB Real Estate Capital secured about $28.59 million in gap funding for 108 income-restricted units across three Westside sites on Tracy, Justina and Ricker roads. Plans include 38 townhome-style units and two sets of 35 efficiency units, priced at or below 60% of area median income for 50 years. Groundbreaking is expected by September 2026 with completion in 2027.
What it may mean for the marketAdds new income-restricted rental and townhome housing supply on the Westside, increasing the stock of long-term affordable units and drawing public and tax-credit investment into three infill sites. The project is about 10 miles south of Panama Gardens, elsewhere in Duval County.
Source: Jacksonville Today - July 2026Development
Culinary Institute of America selects Jacksonville for Southeast campus
News4Jax reported that the Culinary Institute of America chose downtown Jacksonville for its Southeast hub, to be located at 330 E. Bay Street on the Northbank riverfront. The campus would anchor a $160.5 million hotel and convention center development. The city previously approved up to $35 million in incentives, and the Downtown Investment Authority is finalizing agreements on design and property details.
What it may mean for the marketAnchors a major downtown riverfront redevelopment that pairs an educational campus with hotel and convention space, adding institutional and commercial investment to the urban core alongside Riverfront Plaza and Pearl Square. The project is about 5 miles southeast of Panama Gardens, elsewhere in Duval County.
Source: News4Jax
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
What it really costs to own in Panama Gardens
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 $1,518/yr across 3 listings here (MLS tax records, 2026-10-20). |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Duval County is $1,315/yr (2,001 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 1947 across 3 listings. An original roof here would be about 79 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. |
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Ask an agent about Panama Gardens
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Frequently Asked Questions
What is the median home price in Panama Gardens?
How long do homes in Panama Gardens take to sell?
Is Panama Gardens a buyer's or seller's market right now?
How many homes are in Panama Gardens?
What share of Panama Gardens is owner-occupied?
When were the homes in Panama Gardens built?
What schools serve Panama Gardens?
Who is the best real estate agent for Panama Gardens?
How do I find a top Jacksonville real estate agent who knows Panama Gardens?
Can Momentum Realty connect me with an agent for Panama Gardens?
Where is Panama Gardens, and what county is it in?
How far is Panama Gardens from downtown Jacksonville and the beach?
Should you buy in Panama Gardens?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | realMLS, refreshed twice daily (last: October 20, 2026) |
| Community market stats | realMLS closed sales, 12-month windows ending October 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32208)) |
| Under-contract shares | realMLS records, as of 2026-10-20 |
| Schools | 2025-26 district assignments + FLDOE school grades; verify with the district |
| Historical depth | Closed-sale records back to 2003 (61 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 realMLS 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.
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