Pelican Walk
Homes for Sale in Panama City Beach, FL

Pelican Walk market snapshot (as of September 20, 2026): the median sale price is about $420K, and a median 76 days on market for closed sales. The trailing-12-month median is up 8% from the prior 12 months and up 223% since 2012, computed from record-level CPAR MLS closed sales (3 closings in the current window).

In ZIP 32407 (Panama City Beach), 1,458 homes closed in the last 12 months at a median of $398K ($183/sq ft), down 1.6% year over year, with a median 80 days on market. Right now 1,101 active and 151 pending listings put supply at about 6.7 months — a buyer's market. See the live ZIP 32407 housing market and the Bay County market.

CPAR sales records identify 5 homes in Pelican Walk that have changed hands since 2013, built between 1983 and 1983 (median 1983), with a median living area of about 835 sq ft and a typical 1-bedroom, 2-bath layout; 100% are condominiums. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pelican Walk is a Panama City Beach community in Bay County where recent activity has been limited to a small number of closings, making each transaction a meaningful data point rather than one of many.

The defining fact about Pelican Walk right now is scale: three closings is not enough to draw firm conclusions about price bands or negotiating room, and buyers or sellers should ask their agent to pull the underlying comparables directly rather than lean on the aggregate median alone. What the aggregate does tell you is that the appreciation story here is real and long-standing — up 227% since 2012 — which suggests this has been a steadily appreciating pocket of the beach market over more than a decade, not a recent discovery.

The current 90-day median time on market and a heat score of 46 both describe a slower-moving, more negotiable environment than the appreciation numbers alone would imply. That combination — long-term price growth paired with a patient current market — is common in smaller or lower-turnover communities, and it rewards buyers willing to do their homework and sellers willing to price realistically rather than to the headline trend.

With only a handful of closings feeding the current snapshot, generic market reports will not tell you much about Pelican Walk specifically. We pull the actual recent sales and current listings ourselves, so pricing conversations here are grounded in what has really transacted, not in an average built from too few data points.

Listings in this community report association dues of about $638 per month ($7,656 a year) — the median AssociationFee across 24 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.