Plazas Of St.Thomas
Condos for Sale in Panama City Beach, FL

Plazas Of St.Thomas market snapshot (as of September 20, 2026): the median sale price is about $165K, and a median 33 days on market for closed sales.

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 9 homes in Plazas Of St.Thomas that have changed hands since 2019, built between 1985 and 1985 (median 1985), with a median living area of about 697 sq ft and a typical 1-bedroom, 1-bath layout; 89% 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.

Plazas Of St.Thomas is a lower-priced entry point into Panama City Beach's condo market, with pricing and pace shaped by a small, closely watched pool of recent sales rather than a broad, liquid market.

The appreciation story here is real: values have climbed 216% since 2012, which reflects a long runway of gains for anyone who bought in early and held. But that figure spans over a decade, and it says nothing about month-to-month volatility along the way. Treat it as a long-term trendline, not a promise about next year.

Recent activity has been tracked across a window of six closings, which is a thin sample by any standard. That is not a knock on the community, but it means each individual sale carries more weight in the data than it would in a larger complex. Anyone relying on comparable sales here should pull the actual closed listings rather than lean on averages alone, and community amenities are not confirmed in current MLS data, so verify directly with the HOA or property records before assuming what is or is not included.

In a community with only a handful of recent closings, the sale price you should expect depends heavily on which specific units sold and in what condition, information that does not show up in a median. We pull the actual closed comps, not just the summary number, and price or negotiate from there, whether you are trying to sell a unit that stands out from the pack or buy one without overpaying against a thin, small-sample market.

Listings in this community report association dues of about $430 per month ($5,160 a year) — the median AssociationFee across 103 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.