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

Villas Of St. Thomas is a small attached-home community in Panama City, Bay County, where current MLS activity is too limited to support a reliable price or pace narrative — the honest read is that data here is thin rather than telling.

CPAR sales records identify 16 homes in Villas Of St. Thomas that have changed hands since 2021, built between 1984 and 1985 (median 1984), with a median living area of about 846 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 Villas Of St. Thomas: of 9 listing addresses checked against the FEMA National Flood Hazard Layer, 100% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage. Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Panama City.

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.

Villas Of St. Thomas is too small for its own price trend, so here is the market around it.

In ZIP 32408, 757 homes are on the market and 11% are under contract — a slower corner of Panama City.

Across Bay County, 2,515 homes are active and 528 pending (17% under contract).

In ZIP 32408 (Panama City), 1,792 homes closed in the last 12 months at a median of $400K, down 0.6% year over year, with a median 75 days on market. Right now 1,195 active and 202 pending listings — a buyer's market. See the live ZIP 32408 housing market and the Bay County market.

ZIP and county figures describe the wider market, not Villas Of St. Thomas specifically. Momentum Research analysis of MLS records.

When a community shows only one closing in the tracked window, standard market metrics — median price, days on market, price trend — stop being meaningful. One sale can reflect a distressed exit, a premium renovation, or simply the only unit that happened to trade; it does not describe the community.

No community amenities were identified from current MLS listings either, which is common for smaller attached-home communities where shared features are managed outside the listing description rather than marketed as a selling point. If amenities matter to your decision, that is a question for the HOA documents and management, not the listing sheet.

In a community with this little current transaction data, the value we bring is pulling the right comparables from beyond the immediate snapshot, reading the HOA and condition specifics unit by unit, and making sure you are not pricing off a single, possibly unrepresentative sale.

Listings in this community report association dues of about $624 per month ($7,488 a year) — the median AssociationFee across 11 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.