Panama Gardens
Homes for Sale in Jacksonville, FL
True comps, carrying-cost math, and listings before the portals.
Photo courtesy of FLORIDA HOMES REALTY & MTG LLC · via realMLS
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.
Panama Gardens right now
🟢 Buyer-leaning market. 12.0 months of supply and 33% 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 August 20, 2026. Confidence: Low (3 active and pending listings, 2 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated August 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 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.
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 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.
The market around Panama Gardens
Panama Gardens is too small for its own price trend, so here is the market around it.
In ZIP 32208, 201 homes are on the market and 27% are under contract — a steady corner of Jacksonville.
Across Duval County, 3,861 homes are active and 1,760 pending (31% under contract).
ZIP and county figures describe the wider market, not Panama Gardens specifically. Momentum Research analysis of MLS records.
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.
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 · 22 daysTop listingActive · 62 days
Pending · 0 daysActive and pending Panama Gardens listings as of 2026-08-20, 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, tiles © CARTO.
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.
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.
HOA, CDD & Fees
- Mandatory HOA. Confirm current dues
- Any club/amenity membership is billed separately
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 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.
See homes for sale in Panama Gardens on the map →
Frequently Asked Questions
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?
Should you buy in Panama Gardens?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Panama Gardens with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | realMLS, refreshed twice daily (last: August 20, 2026) |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (2 streets, ZIP 32208)) |
| Under-contract shares | realMLS records, as of 2026-08-18 |
| Schools | 2025-26 district assignments + FLDOE school grades; verify with the district |
| Historical depth | Closed-sale records back to 2003 (60 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.
Own a home here?
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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 sells for 1.25% above the realMLS member average and 8 days faster, and we’ll price yours against live your area comps.
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See how Panama Gardens fits the bigger picture — live prices, inventory, and Momentum Scores: