The Commodore
Homes for Sale in Panama City Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
The Commodore is a single-vintage building — every unit dates to 1985 — so what separates one listing from the next is almost entirely condition and how recently the interior has been updated. At a median of just over 1,000 square feet, these are compact, efficient floor plans, and pricing reflects renovation work more than location or view differences within the property.
With a median days-on-market around 85, this is not a building where units move quickly, and the market heat score in the low 30s confirms a slower, more negotiated pace. That gives buyers real room to inspect and price-shop, while sellers need to price to condition rather than to the neighbor's ask and expect the process to take time.
The Commodore right now
🟢 Still climbing. The trailing-12-month median ($515K) is up 8.4% from the prior 12 months ($475K) and up 214% since 2012. With about a dozen 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 cpar closed sales, 12-month windows ending July 28. Confidence: Medium (12 and 22 sales in the two windows).
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Updated July 28, 2026 · Live data: cpar, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
The Commodore market snapshot (as of July 28, 2026): the median sale price is about $515K, and a median 85 days on market for closed sales. The trailing-12-month median is up 8% from the prior 12 months and up 214% since 2012, computed from record-level cpar closed sales (12 closings in the current window).
The Commodore is a community of 134 homes in Panama City Beach, Bay County, built between 1985 and 1985 (median 1985), with a median living area of about 1,056 square feet. 7% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Built out in a single year — 1985 — The Commodore is a fixed inventory of 134 homes in Panama City Beach, so supply here doesn't grow; it only turns over as owners sell.
Who The Commodore is best for.
Best for
- Buyers targeting a Panama City Beach condo purchase in the mid-$500s who prioritize location over building amenities
- Investment-minded buyers comfortable with a building where the large majority of units are already non-homestead
- Buyers willing to fund updates in a 1985-built unit in exchange for entry at established pricing
Probably not for
- Buyers who want move-in-ready with zero renovation risk across the board
- Sellers who need a fast turnaround, given a median days-on-market near 85
- Buyers specifically shopping for on-site community amenities, since none are identified from current listings
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 28 of each year, from record-level cpar closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($515K) IS the median in the snapshot above, and the move from 2025 ($475K) IS the +8.4% one-year change.
Windows contain 0 to 26 sales each (12 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The The Commodore buying strategy.
If we were buying in The Commodore 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.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
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 The Commodore.
One building, one story
The homestead share here sits at just 6.7%, a strong signal that most owners are not living here as a primary residence. That points to a building used predominantly for investment or secondary-home purposes, which shapes everything from HOA rhythms to how often units cycle onto the market.
Price has moved with real conviction over time — up 214% since 2012 and 8.4% in the past year alone — even as current velocity has slowed. That combination, strong long-run appreciation against a cooler present-day heat score, suggests a property that has already re-rated meaningfully and is now trading at a more measured, condition-sensitive pace rather than a rapid one.
The location and the amenities are priced into every listing in The Commodore. 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 The Commodore 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 (5.9). Basis: Long-Term Appreciation +214% since 2012; Recent Direction +8.4% year-over-year; Owner Commitment 7% owner-occupied; Pricing Power 92.4% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a single-vintage building where every unit shares the same 1985 bones, the deal is won or lost on what's been updated and what hasn't. We track recent closings inside The Commodore specifically, so you're pricing against real comparable sales and real renovation scope, not a building-wide average that hides which units are worth the ask.
The Commodore 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 The Commodore 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 The Commodore sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in The Commodore, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your The Commodore home worth?
Get a no-obligation home value based on real comparable sales in The Commodore, 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 The Commodore on the map →
Frequently Asked Questions
What is the median home price in The Commodore?
How long do homes in The Commodore take to sell?
How many homes are in The Commodore?
What share of The Commodore is owner-occupied?
When were the homes in The Commodore built?
Do cash buyers compete in The Commodore?
Have The Commodore home prices gone up?
Who is the best real estate agent for The Commodore?
How do I find a top Panama City Beach real estate agent who knows The Commodore?
Can Momentum Realty connect me with an agent for The Commodore?
Should you buy in The Commodore?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | cpar closed sales, 12-month windows ending July 28, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (community parcel extract) |
| Historical depth | Closed-sale records back to 2012 (126 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 cpar 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?
You just read the data. Now see what your home is worth.
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 cpar member average and 8 days faster, and we’ll price yours against live your area comps.
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