Waterhaven
Condos for Sale in Panama City Beach, FL
All 726 homes for sale in Panama City Beach, FL · median $369,000 · 686 condos for sale in Panama City Beach · 364 homes for sale in 32408 · Bay County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via CPAR MLS
As of November 2026, Waterhaven in Panama City Beach, FL has 4 homes for sale, asking from $340,000 to $549,000 (median $349,450). Over the 12 months ending 2026-11-11, 5 recorded sales closed at a median of $365,000, a median 45 days on market, sellers accepting 95% of original asking. Homes listed or recently sold were built 2007–2007; 4 of 4 report an HOA (median $835/mo); none of the 4 geocoded homes sit in a FEMA special flood hazard zone (median elevation 12 ft). At the median price and Bay County's FY2025-26 rate of 12.28 mills, annual property tax runs about $4,480 ($4,000 with the full homestead exemption).
Last 30 days in Waterhaven: 2 new listings (median asking $449,450). As of November 11, 2026, Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Waterhaven
Live MLS inventory for Waterhaven. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active · 13 daysTop listing
Active · 2 days
Active · 243 days
Active · 124 daysActive and pending Waterhaven listings as of 2026-11-11, priced high to low. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Waterhaven's current median sits at $565,000, and the number that jumps out alongside it is the pace: a median of just 5 days on market. That combination tells you pricing is being set close to what the market will bear the moment a listing goes live, not through a long negotiation. With only 9 closings in the current window, each sale carries real weight in how the next one gets priced.
Pull back further and the picture is more nuanced. Prices here are down 8.1% year over year, even as the community sits up 186% since 2012. That is a market that ran hard for a long stretch and is now cooling from a high point rather than building from a low one. A market heat score of 68 backs that up: still active, not overheated. For a seller, that argues for pricing to current conditions rather than to last year's comps. For a buyer, the fast turnaround days mean showing up prepared, not hoping for room to negotiate on days-on-market alone.
Figures in this note are as of July 28, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Waterhaven right now
🟢 Buyer-leaning market. 9.6 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of CPAR MLS records, as of November 11, 2026. Confidence: Medium (4 active and pending listings, 5 closed sales in 12 months).
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· Updated November 12, 2026 · Live data: CPAR MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Waterhaven market snapshot (as of November 11, 2026): the median sale price is about $365K, a median 45 days on market for closed sales, and 9.6 months of supply, a buyer-leaning market.
In ZIP 32408 (Panama City Beach), 205 homes closed in the last 12 months at a median of $385K, with a median 83 days on market. Right now 389 active and 47 pending listings put supply at about 22.8 months — a soft market. See the live ZIP 32408 housing market and the Bay County market.
CPAR sales records identify 20 homes in Waterhaven that have changed hands since 2011, built between 2007 and 2007 (median 2007), with a median living area of about 1,608 sq ft and a typical 3-bedroom, 2.5-bath layout; 95% 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.
Waterhaven is a Panama City Beach community in Bay County where recent activity has been thin but fast-moving, with homes clearing the market in about a week at a median price of $565,000.
The setting & the homes.
Aerial and on-site photos of Waterhaven. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
WaterhavenWaterhavenWaterhavenWaterhavenPhotos from CPAR MLS listings in Waterhaven; content deemed reliable but not guaranteed.
Who Waterhaven is best for.
Best for
- Buyers targeting a specific price point near $565,000 who are ready to act within days of a listing appearing
- Sellers wanting to test a market that, despite a recent pullback, still reflects a long-term run of value since 2012
- Buyers prioritizing the property and its location over a built-in amenity package
Probably not for
- Buyers who want a wide pool of active listings to compare side by side before deciding
- Buyers specifically seeking a community with organized shared amenities, since none are currently identified
- Sellers expecting to price purely off last year's figures without accounting for the recent year-over-year dip
Waterhaven on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from CPAR MLS. Map data © OpenStreetMap contributors.
The Waterhaven buying strategy.
If we were buying in Waterhaven 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Waterhaven.
A market thin on listings, quick on decisions
With 9 closings in the tracked window, Waterhaven is not a high-volume market, and that scarcity is part of what keeps days on market so low. When there is little to choose from, buyers who are ready tend to move immediately rather than wait and compare.
The 8.1% year-over-year pullback in price, set against a 186% gain since 2012, reads less as a reversal and more as a market catching its breath after a long run. No community amenities are currently identified from active MLS listings, so buyers evaluating Waterhaven should treat location and the home itself, not a shared amenity package, as the core of the value proposition here.
The location and the amenities are priced into every listing in Waterhaven. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market moving this fast with this few closings to compare against, pricing a listing or evaluating an offer takes current, granular data rather than instinct. We track Waterhaven's numbers as they shift so our clients are not negotiating off a stale comp.
Waterhaven in 15 seconds.
Tools for a Waterhaven 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 Waterhaven sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Waterhaven, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Waterhaven home worth?
Get a no-obligation home value based on real comparable sales in Waterhaven, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in Waterhaven
Homes in Waterhaven that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 5 on record.
- 2602 Mystic Lane Po31 · off market
- 2603 Mystic Lane Po46 · off market
- 2604 Mystic Lane Po12 · off market
- 4113 Cobalt Circle P072 · off market
- 4113 Cobalt Circle Po73 · off market
| Location | Panama City Beach, Bay County, FL · ZIP 32408 |
|---|---|
| Sale prices, last 12 months | $365,000 median across 5 closed sales |
| Days on market (closed sales) | 45 median |
| For sale right now | 4 active, 0 pending · median asking $349,450 · 9.6 months of supply |
Data as of November 11, 2026. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Market figures describe homes, not residents. Cite as: Momentum Realty, “Waterhaven key facts,” movewithmomentum.com/neighborhoods/waterhaven, data as of November 11, 2026.
Housing distress & ownership in Waterhaven, Panama City Beach
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. 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.
Every Home for Sale in Waterhaven Right Now (4)
All 4 active and pending Waterhaven listings with a detail page, newest first, refreshed twice a day from the MLS.
- 4138 Cobalt Circle Ro12, Panama City Beach, Fl 32408 · $549,000 · 4 bd / 5 ba · listed Sep 12, 2026 · listed by Anchor Realty Florida
- 2601 Mystic Lane Po61, Panama City Beach, Fl 32408 · $349,900 · 2 bd / 2 ba · listed Sep 8, 2026 · listed by Counts Real Estate Group Inc
- 2605 Mystic Lane Po21, Panama City Beach, Fl 32408 · $349,000 · 2 bd / 2 ba · listed Aug 13, 2026 · listed by Anchor Realty Florida
- 2604 Mystic Lane Po13, Panama City, Fl 32408 · $340,000 · 3 bd / 3 ba · listed Aug 13, 2026 · listed by Think Real Estate
More Panama City Beach home searches
- All homes for sale in Panama City Beach, FL
- Homes for sale in Bay County, FL
- Homes under $300K in Panama City Beach
- Panama City Beach home values: what is my house worth?
- ZIP 32408 housing scorecard
- 5 coming-soon communities in Bay County
Panama City Beach guides & data
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Florida buyer guides
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10% of homes for sale in ZIP 32408 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-11-12).
What it really costs to own in Waterhaven
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $3,668/yr across 6 listings here (MLS tax records, 2026-11-12). |
|---|---|
| HOA dues | Median $835/month across 4 MLS listings (most billed quarterly; 2026-11-12). Dues cover what the documents say they cover; ask for the budget and reserve study. |
| Home and flood insurance | The average Citizens Property Insurance premium in Bay County is $1,928/yr (1,264 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 2007 across 8 listings. An original roof here would be about 19 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Estimated carrying cost at the median asking price, before the mortgage: about $1,301/month (tax $306, HOA $835, insurance $161). An estimate from the sources above, not a quote.
Email me new listings in Waterhaven
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Waterhaven Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Waterhaven Condos for Sale will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
What is the median home price in Waterhaven?
How long do homes in Waterhaven take to sell?
Is Waterhaven a buyer's or seller's market right now?
Who is the best real estate agent for Waterhaven?
How do I find a top Panama City Beach real estate agent who knows Waterhaven?
Can Momentum Realty connect me with an agent for Waterhaven?
Where is Waterhaven, and what county is it in?
Is Waterhaven a good place to live?
Should you buy in Waterhaven?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | CPAR MLS, refreshed twice daily (last: November 11, 2026) |
| Community market stats | CPAR MLS closed sales, 12-month windows ending November 11, 2026 |
| Under-contract shares | CPAR MLS records, as of 2026-11-11 |
| Historical depth | Closed-sale records back to 2026 (5 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 MLS 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.
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See how Waterhaven fits the bigger picture — live prices, inventory, and Momentum Scores: