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Condos For Sale In Panama City, FL

Condos

Panama City is in the heart of Northwest Florida and is the main city between Pensacola and Tallahassee. Panama City condos for sale come in all shapes and sizes, from cozy studios in low-rise complexes to amenities-filled penthouses with scenic views of Saint Andrew Bay. If you're looking to invest in Florida real estate, take a look at some of our Panama City condo listings and see which looks good to you.

9860 S Thomas Drive # 806

Panama City, FL 32408

Condo For Sale

New Listing - 16 hours on Site

5505 Sun Harbour 149 Road # 149

Panama City, FL 32401

Condo For Sale

New Listing - yesterday

Panama City, FL 32408

Condo For Sale

Open House - Sun, May 5

Panama City, FL 32408

Condo For Sale

New Listing - 4 days on Site

6505 Thomas Drive # 311

Panama City, FL 32408

Condo For Sale

New Listing - 4 days on Site

Panama City, FL 32408

Condo For Sale

New Listing - 5 days on Site

9450 S Thomas Drive # 1108B

Panama City, FL 32408

Condo For Sale

New Listing - 6 days on Site

9902 S Thomas Drive # 2132

Panama City, FL 32408

Condo For Sale

New Listing - 6 days on Site

4715 Thomas Drive # 1004C

Panama City, FL 32408

Condo For Sale

New Listing - 6 days on Site

9900 S Thomas Drive # 1431

Panama City, FL 32408

Condo For Sale

New Listing - 7 days on Site

2400 Grandiflora Boulevard # 601

Panama City, FL 32408

Condo For Sale

New Listing - 7 days on Site

9900 S Thomas Drive # 2123

Panama City, FL 32408

Condo For Sale

New Listing - a week on Site

324 E Beach Drive # 100

Panama City, FL 32401

Condo For Sale

New Listing - a week on Site

6505 S Thomas Drive # 314

Panama City, FL 32408

Condo For Sale

New Listing - a week on Site

6505 Thomas Drive # 812

Panama City, FL 32408

Condo For Sale

New Listing - a week on Site

9902 S Thomas Drive # 234

Panama City, FL 32408

Condo For Sale

New Listing - a week on Site

8743 Thomas Drive # 515

Panama City, FL 32408

Condo For Sale

New Listing - a week on Site

7505 Thomas Drive # 1312B

Panama City, FL 32408

Condo For Sale

New Listing - a week on Site

9450 S Thomas Drive # 2110B

Panama City, FL 32408

Condo For Sale

New Listing - 2 weeks on Site

9850 S Thomas Drive # 308E

Panama City, FL 32408

Condo For Sale

New Listing - 2 weeks on Site

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Panama City, FL Condo Market

Panama City condos for sale are a great investment in the Florida panhandle. In 2021, six coastal cities in the Sunshine State made it to realtor.com's top ten list for price increase, and Panama City earned second place with a staggering 58% growth.

This trend continues to rule the market, but despite the fast-moving prices, condos for sale in Panama City are still affordable: median sale prices in the area is $274K, up 17.6% over the past year. Units remain around 65 days listed before going pending.

Most of the condos for sale in Panama City, Florida, are located on mid or low-rise buildings, but there are a few highrises on the City's western side, on the shores of Saint Andrew Bay. Condominiums make up 22% of the housing stock in Panama City (the rest are Panama City homes for sale), and finding two, and three-bedroom condos is the standard.

Panama City, FL Neighborhoods For Condos

Historic St. Andrews

A classic Panama City neighborhood for condo buyers, this enclave mixes historical buildings with modern condo highrises whose units range from $439K to $779K. Historic St. Andrew is on the City's west side, offering a charming waterfront space with marina activity and tantalizing your taste buds with the area's superior culinary offerings and happening nightlife.

When purchasing Panama City condos for sale in this neighborhood, you'll be able to explore a variety of waterfront eateries and nightlife options and enjoy live music performances while browsing through an enticing weekend farmer's market. You can also admire the stunning bay views in-between your daily activities.

Downtown Panama City

Panama City's downtown core is a vibrant business district that radiates the old-world charm of a historic city center, infused with unique character. Harrison Ave, the heart of downtown Panama City's historic district, is a mecca for delicious local eateries and eclectic shops. Restoring its former grandeur, the stunning art deco building of Martin Theater is undergoing a major renovation as well as modern amenities. Furthermore, Panama City Marina is also receiving upgrades with an exquisite waterside hotel. Downtown Panama City condos for sale provide a great opportunity to get away from it all.

Glenwood

If you're looking for Panama City condos for sale, you'll be pleasantly surprised by all that Glenwood offers. This neighborhood has a lot of charm and personality, and it features an active recreation center that is enhanced with the upcoming addition of cutting-edge facilities. Located near Sacred Heart Hospital, Panama City's renowned medical center, Glenwood, offers unparalleled access to top-tier health services. Most Panama City condos for sale in Glenwood are mid-size two-bedroom units, and prices range between $171K and $900K.

Millville

Millville is a quaint area packed with local charm and delightful attractions. From cozy eateries to scenic marinas, there are plenty of activities for everyone! Not only that, but Millville also has numerous industries leading the way in terms of employment opportunities – plus, its proximity to the city's port expansion makes it even more desirable. This vibrant City offers unbeatable convenience without sacrificing a laid-back lifestyle. The median listing price for Millville condos for sale is $250K, a year-over-year increase of around 28.9%.

Panama City, FL Condo Sampler

Cove Harbor Condominiums

With a breathtaking view of Massalina Bayou, Shell Island, and St. Andrews Bay, Cove Harbor Condos is conveniently located near Downtown Panama City, The Panama City Mall, and the Panama City Marina. Situated only a few steps away from the award-winning Downtown Redevelopment Area, by buying Panama City condos for sale in this complex, you'll have easy access to eateries and shops and top-notch amenities such as swimming pool, covered parking, dock, gazebo, well-kept common areas, Beach Drive sidewalks on the Bay, coned entry, and more.

Landmark on St Andrews Bay

Nestled in the heart of Panama City, Florida is Landmark on St. Andrews Condos - a reimagined apartment community located at 2100 W Beach Dr. Located on the famous St. Andrew Bay, these units have been reimagined and redesigned into stunning Panama City condominiums. You'll need between $200K and $400K, a conveniently-priced alternative to most Panama City gulf-front units. On-site amenities include a tennis court, bbq area, indoor heated swimming pool, water views, clubhouse, fitness center, and much more.

Harbour Village

The lovely neighborhood of Historic St. Andrews is home to this sought-after condo complex that offers spacious units with expansive bayfront views from the master bedroom, dining room, and living room. Some of the best condos for sale in Harbor Village are three bedrooms with three and a half bathrooms and wrap-around balconies. Some amenities include a swimming pool, private community garden, grilling pavilion, and more. Condo buyers interested in a unit in this development should be able to afford the median price range of $489K.

Distances To Other Cities From Panama City

10 miles to Panama City Beach, FL
64 miles to Fort Walton Beach, FL
98 miles to Pensacola Beach, FL
103 miles to Tallahassee, FL
140 miles to Pensacola, FL
186 miles to Mobile, AL

FAQs About Panama City, FL Condos For Sale

How Much Do You Need To Make To Live In Panama City, Florida?

A livable salary in Panama City, Florida, depends on your unique lifestyle, comfort level, and desired Panama City condos for sale. To establish yourself in Panama City and take advantage of everything it offers, a salary between $30,000 - $45,000 may be sufficient.

Panama City is considered one of the most affordable areas in the Sunshine State. The cost of living index in Panama City is 88.4, below both Florida and the US average.

Is Panama City A Good Place To Invest In Real Estate?

Panama City condos for sale offer affordable waterfront units with remarkable return on investments and boast generous rental incomes, not far from Pensacola, Tallahassee (the state capital), and even cities in Alabama and Georgia. This makes Panama City a great option for investors looking to diversify their portfolios. Panama City is well known in Florida's panhandle for its gorgeous beaches and renowned nightlife, which makes it an attractive destination to renters and visitors alike.

How Far Is Panama City From Panama City Beach, Florida?

Panama City and Panama City Beach are located close together but are technically two different cities. Panama City is around 10 miles (or 21 minutes) from Panama City Beach, an easy drive along US-98 for anyone looking for Panama City condos for sale.

Is Panama City Beach A Good Place To Retire?

Panama City is a popular destination for retirees in the panhandle of Florida, with more and more Panama City condos for sale being snapped up by those looking to escape the hustle and bustle of city life.

Panama City delivers everything a retiree could possibly want: miles of beautiful beaches, safe coastal communities both waterfront and inland, an abundance of outdoor activities, and plenty of sunshine. Plus, with the growth in Panama City's real estate market offering potential retirees a range of units that fit any budget.

What Are The Average Condo Association Fees In Panama City, Florida?

Panama City condos for sale come with an average condo association fee that varies depending on the building's size, age, and amenities. Generally speaking, Panama City condo association fees can range from $100 to $800 per month, often including amenities like common areas, pools, and access to a hot tub or exercise room. When purchasing Panama City condos for sale, it's essential to ask what the monthly association fee is before deciding.

Living In Panama City, FL Condos

Beaches In Or Near Panama City, Florida

With miles of stunning white sand and calm turquoise waters, Panama City beaches are sure to take your breath away. Plus, Panama City condos for sale offer an affordable option for those looking to call Panama City their new home and enjoy this incredible scenery every day. To help get you started on your ocean exploration, we have compiled a list highlighting some of the best beaches in or near the city:

Panama City Beach & Pier
Shell Island Beach
Carl Gray Park
Camp Helen State Park Beach
St. Andrews State Park Beach

Fishing And Boating In Panama City, Florida

Panama City, Florida, is a well-known paradise for fishing and boating enthusiasts in the panhandle. For those looking to experience the area more permanently, there are Panama City condos for sale located right on the bay so you can enjoy the financial benefits of owning a property with easy access to some of the best places in Panama City to catch fish or take to a boat in the balmy waters of St. Andrew Bay and Grand Lagoon. Just a short distance from their condos, fishing, and boating fans have plenty of businesses to live their passion, such as fishing charters, coast excursions, and marinas.

Shopping & Dining In Panama City, Florida

Shopping for necessities like groceries, beauty products, home décor, and more is a breeze at the bustling retail corridors of 15th & 23rd Streets. You'll find everything from fashion to everyday essentials in one convenient location here. 23rd street, a bustling center of commerce and activity, is home to Publix grocery store, Wal-Mart, TJ Maxx, Homegoods, Ulta, Burlington, Coat Factory, and an array of other stores and eateries. It also has the esteemed Gulf Coast Regional Medical Center in its vicinity. 15th street, on the other hand, is the perfect place to find unique and one-of-a-kind shops, consignment stores, and fantastic dining and shopping options.