Panama Gardens
Homes for Sale in Jacksonville, FL
All 4,448 homes for sale in Jacksonville, FL · median $299,900 · 181 homes for sale in 32208 · Duval County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo courtesy of FLORIDA HOMES REALTY & MTG LLC · via realMLS
As of November 2026, Panama Gardens in Jacksonville, FL has 2 homes for sale. Over the 12 months ending 2026-11-11, 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. 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
🟢 Buyer-leaning market. 8.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.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 November 11, 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 72.0% from the prior 12 months ($221K). 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 November 11. Confidence: Low (3 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated November 12, 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 November 11, 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 8.0 months of supply, a buyer-leaning market. The trailing-12-month median is down 72% from the prior 12 months, computed from record-level realMLS closed sales (3 closings in the current window).
In ZIP 32208 (Jacksonville), 342 homes closed in the last 12 months at a median of $164K ($124/sq ft), down 1.6% year over year, with a median 41 days on market. Right now 93 active and 22 pending listings put supply at about 3.3 months — a balanced 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.
Swipe or use the arrows → tap any photo to enlarge
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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 November 11 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 ($221K) IS the -72.0% 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.
21% 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 (2026-11-12).
Panama Gardens Market Scorecard
Panama Gardens is currently a buyer-leaning market. About 8.0 months of supply, a median asking price of $236,500, and homes go under contract in about 145 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 2026-11-11, 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 (1.4). Basis: Recent Direction -72.0% year-over-year; Liquidity & Demand 8.0 months of supply; Owner Commitment 36% owner-occupied; Pricing Power 82.2% 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 · -72.0% vs the prior 12 months |
| Days on market (closed sales) | 35 median |
| For sale right now | 2 active, 0 pending · median asking $236,500 · 8.0 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 November 11, 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 November 11, 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.
Just listed in Panama Gardens
The newest homes for sale in Panama Gardens right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 81 56Th Street $345,000 · 4 bd · 3 ba · 1,505 sq ft · listed Aug 30, 2026 Courtesy of WATSON REALTY CORP
- 6946 Oakwood Street $128,000 · 2 bd · 1 ba · 1,250 sq ft · listed Jun 20, 2026 Courtesy of FLORIDA HOMES REALTY & MTG LLC
Checked against the MLS nightly. All new listings in this market.
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 · $128,000 · 2 bd / 1 ba · listed Aug 13, 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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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 59Th Street (2 homes on record)
- E 56Th 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 November 2026.
- October 2026Development
Downtown board backs $49M incentive for 31-story Fleet Landing Riverside tower
The Downtown Investment Authority voted 7-0 on Oct. 21 to advance a $49.27 million, 20-year, 75% Recapture Enhanced Value Grant for Fleet Landing Riverside. The 31-story senior living tower is proposed at 111 Riverside Ave., the former Haskell headquarters site in Brooklyn. The item now goes to City Council.
What it may mean for the marketA large residential tower on the Riverside Avenue corridor would add construction activity and daily foot traffic to Brooklyn and the nearby Northbank, supporting nearby retail and dining demand. The site is about 5 miles southeast of Panama Gardens.
Source: Jacksonville Today - October 2026Civic
Sheriff's Office moves into new Brooklyn headquarters, leaving East Bay Street building's future open
The Jacksonville Sheriff's Office showed its new headquarters at 532 Riverside Ave., a former Florida Blue building. It occupies about 346,000 square feet on 11 of 19 floors, and leasing plus renovation cost more than $20 million per the mayor. The 1974 Police Memorial Building at 501 E. Bay St. is left for the city to reuse or demolish.
What it may mean for the marketA large public tenant anchoring Riverside Avenue adds weekday activity in Brooklyn, while the vacated Bay Street building raises a redevelopment question for the east end of downtown. The site is about 5 miles south of Panama Gardens.
Source: Jacksonville Today - October 2026Market
Northeast Florida home sales dip in September as inventory tightens
Closed sales across the six-county Northeast Florida Association of Realtors area fell 7.7% year over year to 1,608, with the median price at $398,566, up 2.8%. Active inventory dropped 18.4% to 6,348 homes. Median prices were $344,000 in Duval, $575,000 in St. Johns, $355,000 in Clay and $496,500 in Nassau.
What it may mean for the marketLower inventory with softer sales volume points to a thinner supply of listings across all four counties, with Clay the only one of the four showing a year-over-year price decline. The site is about 5 miles southeast of Panama Gardens.
Source: Clay Today - October 2026Development
FSCJ opens large automated semiconductor training lab, a first for Florida
Florida State College at Jacksonville has built a fully automated lab it describes as the first of its kind in Florida for its size. Students train on electrical, robotics, mechatronics, AI inspection and control systems used in chip manufacturing. The college says it aims to help draw semiconductor companies to Northeast Florida and prepare workers for local manufacturers.
What it may mean for the marketA regional technical-training pipeline can support recruitment of advanced manufacturers, which would widen the local employment base. The site is about 5 miles southeast of Panama Gardens.
Source: News4JAX - 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 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
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.
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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: November 11, 2026) |
| Community market stats | realMLS closed sales, 12-month windows ending November 11, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32208)) |
| Under-contract shares | realMLS records, as of 2026-11-11 |
| Schools | 2025-26 district assignments + FLDOE school grades; verify with the district |
| Historical depth | Closed-sale records back to 2011 (49 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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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 listings in Northeast Florida sold at 99.1% of final list price vs. 98.6% for the market, in a median 31 days vs. 41 (realMLS, 12 months to Nov 2026). A Momentum agent can price yours against live local comps.
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