New Construction Homes in Panama City, FL
Panama City is in Bay County, Florida (ZIP codes 32408, 32401, 32404, 32409). Not Panama City, Panama. · Homes for sale in Panama City · Bay County
179 new-construction homes are listed for sale in Panama City right now, across 27 communities and 4 builders. Most list between $264K to $450K; the median new build is $331,790. Everything on this page is from Momentum’s MLS record as of 2026-09-06 and refreshes as homes list and sell.
Newest new-construction listings in Panama City
The most recently listed new homes in Panama City, with photos. Each card opens the full listing with every photo, the community’s data, and a tour request.
New-home communities in Panama City
Every Panama City community with new construction actively listed, the builder where the listing identifies one, how many homes are available, and the lowest current list price. Community names link to that community’s guide with its sales history and live inventory.
| Community | Builder | New homes | From |
|---|---|---|---|
| Parkbrook | Adams Homes | 31 | $295,900 |
| Titus Park | D.R. Horton | 24 | $304,900 |
| Liberty | D.R. Horton | 22 | $249,900 |
| College Station | Adams Homes | 16 | $306,980 |
| Hodges Bayou Plantation | D.R. Horton | 15 | $289,900 |
| Sunrise At East Bay | Adams Homes | 14 | $267,925 |
| Morningside | D.R. Horton | 8 | $274,900 |
| Magnolia Ridge | Lennar | 8 | $241,990 |
| Springfield | — | 6 | $134,997 |
| Sweetbay | — | 6 | $399,473 |
| Lake Merial | Holiday Builders | 5 | $449,990 |
| Kings Point | — | 4 | $541,000 |
| Park Place | D.R. Horton | 4 | $264,900 |
| Highland City | — | 3 | $289,900 |
| Shermans | — | 1 | $229,000 |
| North Lagoon Oaks | — | 1 | $659,000 |
| Game Farm | — | 1 | $354,900 |
| Cherry Hill | — | 1 | $360,000 |
| Fox Lake | — | 1 | $415,000 |
| Rachels Landing | — | 1 | $399,900 |
| Cedar Creek At Deerpoint Lake | Adams Homes | 1 | $534,400 |
| Keiths Bay Harbor | — | 1 | $275,000 |
| Kirkland Manor | — | 1 | $599,900 |
| Magnolia Beach | — | 1 | $1.02M |
| Shadow Bay Unt 3 & | — | 1 | $290,000 |
Builders building in Panama City right now
Counted by homes currently listed in Momentum’s MLS record, so this reflects who has inventory today rather than who has ever built here.
- D.R. Horton — 73 new homes in Hodges Bayou Plantation, Liberty, Morningside, Park Place and more
- Adams Homes — 54 new homes in Cedar Creek At Deerpoint Lake, College Station, Parkbrook, Sunrise At East Bay
- Lennar — 8 new homes in Magnolia Ridge
- Holiday Builders — 5 new homes in Lake Merial
New construction in Panama City by price
- Under $300K: 56 homes
- $300K – $400K: 82 homes
- $400K – $500K: 26 homes
- $500K – $750K: 12 homes
- $750K – $1M: 1 home
- $1M and up: 2 homes
What a new build in Panama City costs to own
Take the median $331,790 new home with 20% down at today’s 6.71% 30-year rate: principal and interest run about $1,715/month. Bay County’s typical millage of 12.28 puts property tax near $3,459/year after the $50,000 homestead exemption — and on a new build there is no seller’s capped bill to be misled by; the first-year bill is on the land alone and the full bill arrives the year after. Citizens’ average premium in Bay County is about $1,928/year; a new roof and current code usually earn a better private quote than that average. Where an HOA is listed the median is $54/month. All in, plan on roughly $2,217/month, plus any CDD assessment — most master-planned communities finance their infrastructure with a district bond that appears on the tax bill for years, and it is the number builders’ sales offices mention last.
How to buy new construction the smart way
The agent in the model home works for the builder. Bringing your own Momentum agent costs you nothing — the builder pays the commission either way — and gets you representation on the contract (builder contracts are one-sided by design), the upgrade pricing, the lender comparison (the builder’s preferred lender incentive is real but not always the best deal), an independent inspection at pre-drywall and at completion, and the walkthrough. Register your agent on your first visit; most builders will not honor representation after that.
Builders rarely cut list price on a to-be-built home, but completed inventory homes at the end of a quarter are a different negotiation: closing-cost credits, rate buydowns, and included upgrades are common, and the cards above show which homes have been sitting.
Explore Panama City
- Moving to Panama City: the data guide
- All new-construction builders in Florida
- Search every Panama City community
Common questions
How many new construction homes are for sale in Panama City?
Who is building new homes in Panama City?
What does a new construction home cost in Panama City?
What is the monthly cost of a $331,790 new build in Panama City?
Should I use my own agent to buy new construction?
Do builders negotiate on price?
<a href="https://movewithmomentum.com/new-construction-homes-panama-city">New Construction Homes in Panama City, FL: 179 New Homes from $264K (September 2026) — Momentum Realty</a>Counts, prices and photos are from Momentum Realty’s MLS record of active listings in Panama City communities as of 2026-09-06; a home is counted as new construction when the listing shows it as built this year or later or when a production builder is the listing office. Builder names come from listing data. Estimates are not guarantees. Equal Housing Opportunity.