Shores Of Panama
Condos for Sale in Panama City Beach, FL

Shores Of Panama market snapshot (as of September 20, 2026): the median sale price is about $344K, and a median 90 days on market for closed sales. The trailing-12-month median is up 2% from the prior 12 months and up 97% since 2012, computed from record-level CPAR MLS closed sales (55 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 164 homes in Shores Of Panama that have changed hands since 2007, built between 2006 and 2007 (median 2007), with a median living area of about 980 sq ft and a typical 2-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.

Flood zones in Shores Of Panama: of 43 listing addresses checked against the FEMA National Flood Hazard Layer, 19% sit outside the FEMA Special Flood Hazard Area (Zone X); 81% are in a V-series coastal high-hazard zone. Individual parcels vary — verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City Beach.

This is a beachfront condo community in Panama City Beach, where value tracks view and condition more than anything else. The longer-run trend since 2012 is up 78%, but the current market is patient and gives buyers time to be selective.

No community amenities surfaced from current MLS listings, so underwrite this as a beachfront condo purchase and confirm what the building itself carries — HOA structure, reserves, assessments, and rental rules matter far more here than any marketing amenity list. Ask for the current budget and any pending special assessments before you fall for a view.

The 93-day median days on market is the number to respect. In a market moving this deliberately, overpricing gets punished with stale listing time, and buyers who come in patient and well-informed tend to do best. A unit that photographs well but has deferred interior work will sit; a clean, correctly priced unit still moves, just not overnight.

Beachfront condos live and die on the details buyers don't see in photos: the HOA budget, assessment history, rental restrictions, and how a specific stack and view compare to what's closed recently. We read the comps at the unit level, not the building average, and we'll tell you when a listing's asking price is chasing a view the market isn't paying for.

Listings in this community report association dues of about $1,169 per month ($14,028 a year) — the median AssociationFee across 1405 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.