116 Damon Cir Unit O · Panama City Beach, FL 32407

$185,000

1 bd · 1.0 ba · 651 sqft · Condo public records · 506 Days on market

Built 1989 $284/sqft · 45% below area Est $337k · 45% under

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• 1% rule +4.7/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Cash flow +2.0/30.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

REDUCED PRICE TO SELL!!!! This awesome unit comes fully furnished, which makes it perfect to live in or have as an excellent Investment Property, Rental Ready/Turn Key on day one of ownership. This One BedroomI/ One Full Bath Condo unit has plenty of storage which is a plus. The Kitchen layout that is unique and not typically found in these units which is another plus to have that full size kitchen. With a built in microwave, cook top electric stove, recessed lighting over the bar and kitchen area, Luxury Vinyl Plank flooring through out, custom owner's storage closets, and laundry inside the unit makes this unit a smart choice. Step out onto the balcony and relax a bit before heading off to the Private Beach House with Cafe, private beach side pool, and private beach access. New Windows and Sliding Door rated 200 mph were replaced in 4-2022, and building roof replaced 2019, Exterior building painted 2021. Building has open and golf cart parking steps away from the unit. This gated community has lots of amenities for you or your guests to use. There are Pickleball/Tennis/Shuffleboard courts to play on, an 18 hole mini golf course, 11 pools (5 heated). .. and more. Located in the sought after Gulf Highlands Beach Resort sit in the hub of Panama City Beach. Gulf Highlands is surrounded by restaurants, shopping, grocery stores, entertainment, waterpark, public pier, public beach access, banks, post office, storage units, and more all in walking distance. A wonderful community to be apart of. If Age, SF, dimensions, etc. are approximate. .. If important, please verify.

Key facts

• Built in microwave
• Beautiful kitchen
• Cabinet space

Tags

• BEAUTIFUL KITCHEN
• CABINET SPACE
• BUILT IN MICROWAVE
• ELECTRIC STOVE
• RECESSED LIGHTING
• LUXURY VINYL PLANK FLOORING

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $185k.

Deal economics

• At list price, monthly cash flow is $-685 ($-8k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (2.9% below list).
• Recommended offer: $163k (12.0% below list) — sets the bar for market timing.
• Cap rate 1.8% vs local median 2.6% in Panama City Beach — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 78/100 on livability (#172 in FL, #2,624 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D-, commute F.
• Bay (suburban): math 51% / reading 51% proficiency, ranked #29 of 73 in FL (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.2%/yr); 702 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Bay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 506 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 29y ago; this cycle's ask has dropped $30k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 47% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $162,800 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 506 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.97% ✗
• Cap rate: 1.85%
• Cash-on-cash: -15.88%
• DSCR: 0.29
• GRM: 8.6

CMA / ARV

• ARV (median comp): $337,057
• List price: $185,000
• Delta: -45.11%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -54.0%
• Equity multiple: -0.51×
• Total profit: $-78,357
• Equity at exit: $27,584

10-year hold

• IRR: —
• Equity multiple: -1.75×
• Total profit: $-142,613
• Equity at exit: $15,995

Cash invested: $51,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32407

• Home prices YoY: -29.5%
• Rents YoY: -0.2%
• Active inventory: 702
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,797 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$207 /mo · $2,490/yr
• Insurance: −$77
• HOA est. from 2 same-building comps: −$850
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $-685

Break-even live

Break-even rent $2,664

Max offer price $63,934

Occupancy floor —

Sensitivity live

Price	-10% $-581	-5% $-633	+0% $-685	+5% $-738	+10% $-790
Rent	-10% $-827	-5% $-756	+0% $-685	+5% $-614	+10% $-543
Rate	-1.0pp $-592	-0.5pp $-638	base $-685	+0.5pp $-733	+1.0pp $-782

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
800 Grand Panama Blvd Panama City Beach, FL	3.0	1.0–2.0	978	$1,900	$1.94	14d	30	0.69mi
10517 Front Beach Rd Unit 1354971P Panama City Beach, FL	—	1.0	419	$1,715	$4.09	14d	1	0.70mi
204 Potters Bluff Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1035	$1,355	$1.31	14d	12	0.71mi
9850 S Thomas Dr Unit 1355022P Panama City Beach, FL	1.0	1.0	602	$1,639	$2.72	14d	1	1.00mi
9850 S Thomas Dr Unit 1 Panama City Beach, FL	1.0	1.0	700	$2,750	$3.93	21d	1	1.00mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: waterelectricpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 47 events

1. 2026-06-19
   days on market $185,000 Active 506 DOM
2. 2026-06-18
   days on market $185,000 Active 505 DOM
3. 2026-06-17
   days on market $185,000 Active 504 DOM
4. 2026-06-16
   days on market $185,000 Active 503 DOM
5. 2026-06-15
   days on market $185,000 Active 502 DOM
6. 2026-06-14
   days on market $185,000 Active 500 DOM
7. 2026-06-13
   days on market $185,000 Active 499 DOM
8. 2026-06-10
   days on market $185,000 Active 497 DOM
9. 2026-06-09
   days on market $185,000 Active 496 DOM
10. 2026-06-08
    days on market $185,000 Active 495 DOM
11. 2026-06-07
    days on market $185,000 Active 494 DOM
12. 2026-06-05
    days on market $185,000 Active 491 DOM
13. 2026-06-03
    days on market $185,000 Active 490 DOM
14. 2026-06-02
    days on market $185,000 Active 489 DOM
15. 2026-06-01
    days on market $185,000 Active 488 DOM
16. 2026-05-31
    days on market $185,000 Active 487 DOM
17. 2026-05-30
    days on market $185,000 Active 486 DOM
18. 2025-11-27
    price $185,000 1593-char remark

    Show marketing remark (1593 chars)

    REDUCED PRICE TO SELL!!!! This awesome unit comes fully furnished, which makes it perfect to live in or have as an excellent Investment Property, Rental Ready/Turn Key on day one of ownership. This One BedroomI/ One Full Bath Condo unit has plenty of storage which is a plus. The Kitchen layout that is unique and not typically found in these units which is another plus to have that full size kitchen. With a built in microwave, cook top electric stove, recessed lighting over the bar and kitchen area, Luxury Vinyl Plank flooring through out, custom owner's storage closets, and laundry inside the unit makes this unit a smart choice. Step out onto the balcony and relax a bit before heading off to the Private Beach House with Cafe, private beach side pool, and private beach access. New Windows and Sliding Door rated 200 mph were replaced in 4-2022, and building roof replaced 2019, Exterior building painted 2021. Building has open and golf cart parking steps away from the unit. This gated community has lots of amenities for you or your guests to use. There are Pickleball/Tennis/Shuffleboard courts to play on, an 18 hole mini golf course, 11 pools (5 heated). .. and more. Located in the sought after Gulf Highlands Beach Resort sit in the hub of Panama City Beach. Gulf Highlands is surrounded by restaurants, shopping, grocery stores, entertainment, waterpark, public pier, public beach access, banks, post office, storage units, and more all in walking distance. A wonderful community to be apart of. If Age, SF, dimensions, etc. are approximate. .. If important, please verify.

19. 2025-05-26
    price $190,000 1593-char remark

    Show marketing remark (1593 chars)

    REDUCED PRICE TO SELL!!!! This awesome unit comes fully furnished, which makes it perfect to live in or have as an excellent Investment Property, Rental Ready/Turn Key on day one of ownership. This One BedroomI/ One Full Bath Condo unit has plenty of storage which is a plus. The Kitchen layout that is unique and not typically found in these units which is another plus to have that full size kitchen. With a built in microwave, cook top electric stove, recessed lighting over the bar and kitchen area, Luxury Vinyl Plank flooring through out, custom owner's storage closets, and laundry inside the unit makes this unit a smart choice. Step out onto the balcony and relax a bit before heading off to the Private Beach House with Cafe, private beach side pool, and private beach access. New Windows and Sliding Door rated 200 mph were replaced in 4-2022, and building roof replaced 2019, Exterior building painted 2021. Building has open and golf cart parking steps away from the unit. This gated community has lots of amenities for you or your guests to use. There are Pickleball/Tennis/Shuffleboard courts to play on, an 18 hole mini golf course, 11 pools (5 heated). .. and more. Located in the sought after Gulf Highlands Beach Resort sit in the hub of Panama City Beach. Gulf Highlands is surrounded by restaurants, shopping, grocery stores, entertainment, waterpark, public pier, public beach access, banks, post office, storage units, and more all in walking distance. A wonderful community to be apart of. If Age, SF, dimensions, etc. are approximate. .. If important, please verify.

20. 2025-05-09
    price $205,000 1593-char remark

    Show marketing remark (1593 chars)

    REDUCED PRICE TO SELL!!!! This awesome unit comes fully furnished, which makes it perfect to live in or have as an excellent Investment Property, Rental Ready/Turn Key on day one of ownership. This One BedroomI/ One Full Bath Condo unit has plenty of storage which is a plus. The Kitchen layout that is unique and not typically found in these units which is another plus to have that full size kitchen. With a built in microwave, cook top electric stove, recessed lighting over the bar and kitchen area, Luxury Vinyl Plank flooring through out, custom owner's storage closets, and laundry inside the unit makes this unit a smart choice. Step out onto the balcony and relax a bit before heading off to the Private Beach House with Cafe, private beach side pool, and private beach access. New Windows and Sliding Door rated 200 mph were replaced in 4-2022, and building roof replaced 2019, Exterior building painted 2021. Building has open and golf cart parking steps away from the unit. This gated community has lots of amenities for you or your guests to use. There are Pickleball/Tennis/Shuffleboard courts to play on, an 18 hole mini golf course, 11 pools (5 heated). .. and more. Located in the sought after Gulf Highlands Beach Resort sit in the hub of Panama City Beach. Gulf Highlands is surrounded by restaurants, shopping, grocery stores, entertainment, waterpark, public pier, public beach access, banks, post office, storage units, and more all in walking distance. A wonderful community to be apart of. If Age, SF, dimensions, etc. are approximate. .. If important, please verify.

21. 2025-01-29
    listed $215,000 Active 1593-char remark

    Show marketing remark (1593 chars)

    REDUCED PRICE TO SELL!!!! This awesome unit comes fully furnished, which makes it perfect to live in or have as an excellent Investment Property, Rental Ready/Turn Key on day one of ownership. This One BedroomI/ One Full Bath Condo unit has plenty of storage which is a plus. The Kitchen layout that is unique and not typically found in these units which is another plus to have that full size kitchen. With a built in microwave, cook top electric stove, recessed lighting over the bar and kitchen area, Luxury Vinyl Plank flooring through out, custom owner's storage closets, and laundry inside the unit makes this unit a smart choice. Step out onto the balcony and relax a bit before heading off to the Private Beach House with Cafe, private beach side pool, and private beach access. New Windows and Sliding Door rated 200 mph were replaced in 4-2022, and building roof replaced 2019, Exterior building painted 2021. Building has open and golf cart parking steps away from the unit. This gated community has lots of amenities for you or your guests to use. There are Pickleball/Tennis/Shuffleboard courts to play on, an 18 hole mini golf course, 11 pools (5 heated). .. and more. Located in the sought after Gulf Highlands Beach Resort sit in the hub of Panama City Beach. Gulf Highlands is surrounded by restaurants, shopping, grocery stores, entertainment, waterpark, public pier, public beach access, banks, post office, storage units, and more all in walking distance. A wonderful community to be apart of. If Age, SF, dimensions, etc. are approximate. .. If important, please verify.

22. 2024-06-26
    soldstatus $200,000
23. 2024-06-25
    soldstatus $200,000 Closed 1221-char remark

    Show marketing remark (1221 chars)

    CURRENTLY UNDER CONTRACY. SELLER'S WILL CONSIDER BACK UP OFFERS. FIRM! All furniture except outside furniture. Beautiful condo that has been refurbished. Unit has Luxury Vinyl Plank flooring throughout. Beachy interior theme. The gas stove has been replaced with a glass top electric stove. Built in microwave replacing the stove hood. Hot water heater, 2 yrs. old. Recessed lighting in the kitchen and bar area. 2 upgraded sofa sleepers in the Living room , replacing the daybed. Upgraded furniture throughout and a practically new washer and dryer which is full size. This unit is immaculate and ready to move in. It also features a balcony which is shaded in the evenings. There is plenty of closet and storage space. Dues include the Insurance water and Sewage , Pest control and cable. This is cheaper than if you had to buy it separately. The complex is as a gated community with 11 swimming pools, (5 heated), and one on the Gulf side behind the clubhouse and restaurant. 4 tennis courts(2 lighted at night). A 2 acre miniature golf course. Owner's pets allowed. This is one of the least expensive condos you can buy in Panama City Beach which is walking distance to the beach. Must see this one before you buy!

24. 2024-05-27
    historical Active Under Contract 1221-char remark

    Show marketing remark (1221 chars)

    CURRENTLY UNDER CONTRACY. SELLER'S WILL CONSIDER BACK UP OFFERS. FIRM! All furniture except outside furniture. Beautiful condo that has been refurbished. Unit has Luxury Vinyl Plank flooring throughout. Beachy interior theme. The gas stove has been replaced with a glass top electric stove. Built in microwave replacing the stove hood. Hot water heater, 2 yrs. old. Recessed lighting in the kitchen and bar area. 2 upgraded sofa sleepers in the Living room , replacing the daybed. Upgraded furniture throughout and a practically new washer and dryer which is full size. This unit is immaculate and ready to move in. It also features a balcony which is shaded in the evenings. There is plenty of closet and storage space. Dues include the Insurance water and Sewage , Pest control and cable. This is cheaper than if you had to buy it separately. The complex is as a gated community with 11 swimming pools, (5 heated), and one on the Gulf side behind the clubhouse and restaurant. 4 tennis courts(2 lighted at night). A 2 acre miniature golf course. Owner's pets allowed. This is one of the least expensive condos you can buy in Panama City Beach which is walking distance to the beach. Must see this one before you buy!

25. 2024-05-25
    price $212,000 1221-char remark

    Show marketing remark (1221 chars)

    CURRENTLY UNDER CONTRACY. SELLER'S WILL CONSIDER BACK UP OFFERS. FIRM! All furniture except outside furniture. Beautiful condo that has been refurbished. Unit has Luxury Vinyl Plank flooring throughout. Beachy interior theme. The gas stove has been replaced with a glass top electric stove. Built in microwave replacing the stove hood. Hot water heater, 2 yrs. old. Recessed lighting in the kitchen and bar area. 2 upgraded sofa sleepers in the Living room , replacing the daybed. Upgraded furniture throughout and a practically new washer and dryer which is full size. This unit is immaculate and ready to move in. It also features a balcony which is shaded in the evenings. There is plenty of closet and storage space. Dues include the Insurance water and Sewage , Pest control and cable. This is cheaper than if you had to buy it separately. The complex is as a gated community with 11 swimming pools, (5 heated), and one on the Gulf side behind the clubhouse and restaurant. 4 tennis courts(2 lighted at night). A 2 acre miniature golf course. Owner's pets allowed. This is one of the least expensive condos you can buy in Panama City Beach which is walking distance to the beach. Must see this one before you buy!

26. 2024-04-30
    status Active 1221-char remark

    Show marketing remark (1221 chars)

    CURRENTLY UNDER CONTRACY. SELLER'S WILL CONSIDER BACK UP OFFERS. FIRM! All furniture except outside furniture. Beautiful condo that has been refurbished. Unit has Luxury Vinyl Plank flooring throughout. Beachy interior theme. The gas stove has been replaced with a glass top electric stove. Built in microwave replacing the stove hood. Hot water heater, 2 yrs. old. Recessed lighting in the kitchen and bar area. 2 upgraded sofa sleepers in the Living room , replacing the daybed. Upgraded furniture throughout and a practically new washer and dryer which is full size. This unit is immaculate and ready to move in. It also features a balcony which is shaded in the evenings. There is plenty of closet and storage space. Dues include the Insurance water and Sewage , Pest control and cable. This is cheaper than if you had to buy it separately. The complex is as a gated community with 11 swimming pools, (5 heated), and one on the Gulf side behind the clubhouse and restaurant. 4 tennis courts(2 lighted at night). A 2 acre miniature golf course. Owner's pets allowed. This is one of the least expensive condos you can buy in Panama City Beach which is walking distance to the beach. Must see this one before you buy!

27. 2024-04-30
    price $215,000 1221-char remark

    Show marketing remark (1221 chars)

    CURRENTLY UNDER CONTRACY. SELLER'S WILL CONSIDER BACK UP OFFERS. FIRM! All furniture except outside furniture. Beautiful condo that has been refurbished. Unit has Luxury Vinyl Plank flooring throughout. Beachy interior theme. The gas stove has been replaced with a glass top electric stove. Built in microwave replacing the stove hood. Hot water heater, 2 yrs. old. Recessed lighting in the kitchen and bar area. 2 upgraded sofa sleepers in the Living room , replacing the daybed. Upgraded furniture throughout and a practically new washer and dryer which is full size. This unit is immaculate and ready to move in. It also features a balcony which is shaded in the evenings. There is plenty of closet and storage space. Dues include the Insurance water and Sewage , Pest control and cable. This is cheaper than if you had to buy it separately. The complex is as a gated community with 11 swimming pools, (5 heated), and one on the Gulf side behind the clubhouse and restaurant. 4 tennis courts(2 lighted at night). A 2 acre miniature golf course. Owner's pets allowed. This is one of the least expensive condos you can buy in Panama City Beach which is walking distance to the beach. Must see this one before you buy!

28. 2023-12-19
    price $239,000 1221-char remark

    Show marketing remark (1221 chars)

    CURRENTLY UNDER CONTRACY. SELLER'S WILL CONSIDER BACK UP OFFERS. FIRM! All furniture except outside furniture. Beautiful condo that has been refurbished. Unit has Luxury Vinyl Plank flooring throughout. Beachy interior theme. The gas stove has been replaced with a glass top electric stove. Built in microwave replacing the stove hood. Hot water heater, 2 yrs. old. Recessed lighting in the kitchen and bar area. 2 upgraded sofa sleepers in the Living room , replacing the daybed. Upgraded furniture throughout and a practically new washer and dryer which is full size. This unit is immaculate and ready to move in. It also features a balcony which is shaded in the evenings. There is plenty of closet and storage space. Dues include the Insurance water and Sewage , Pest control and cable. This is cheaper than if you had to buy it separately. The complex is as a gated community with 11 swimming pools, (5 heated), and one on the Gulf side behind the clubhouse and restaurant. 4 tennis courts(2 lighted at night). A 2 acre miniature golf course. Owner's pets allowed. This is one of the least expensive condos you can buy in Panama City Beach which is walking distance to the beach. Must see this one before you buy!

29. 2023-12-11
    price $248,000 1221-char remark

    Show marketing remark (1221 chars)

    CURRENTLY UNDER CONTRACY. SELLER'S WILL CONSIDER BACK UP OFFERS. FIRM! All furniture except outside furniture. Beautiful condo that has been refurbished. Unit has Luxury Vinyl Plank flooring throughout. Beachy interior theme. The gas stove has been replaced with a glass top electric stove. Built in microwave replacing the stove hood. Hot water heater, 2 yrs. old. Recessed lighting in the kitchen and bar area. 2 upgraded sofa sleepers in the Living room , replacing the daybed. Upgraded furniture throughout and a practically new washer and dryer which is full size. This unit is immaculate and ready to move in. It also features a balcony which is shaded in the evenings. There is plenty of closet and storage space. Dues include the Insurance water and Sewage , Pest control and cable. This is cheaper than if you had to buy it separately. The complex is as a gated community with 11 swimming pools, (5 heated), and one on the Gulf side behind the clubhouse and restaurant. 4 tennis courts(2 lighted at night). A 2 acre miniature golf course. Owner's pets allowed. This is one of the least expensive condos you can buy in Panama City Beach which is walking distance to the beach. Must see this one before you buy!

30. 2023-11-29
    price $252,000 1221-char remark

    Show marketing remark (1221 chars)

    CURRENTLY UNDER CONTRACY. SELLER'S WILL CONSIDER BACK UP OFFERS. FIRM! All furniture except outside furniture. Beautiful condo that has been refurbished. Unit has Luxury Vinyl Plank flooring throughout. Beachy interior theme. The gas stove has been replaced with a glass top electric stove. Built in microwave replacing the stove hood. Hot water heater, 2 yrs. old. Recessed lighting in the kitchen and bar area. 2 upgraded sofa sleepers in the Living room , replacing the daybed. Upgraded furniture throughout and a practically new washer and dryer which is full size. This unit is immaculate and ready to move in. It also features a balcony which is shaded in the evenings. There is plenty of closet and storage space. Dues include the Insurance water and Sewage , Pest control and cable. This is cheaper than if you had to buy it separately. The complex is as a gated community with 11 swimming pools, (5 heated), and one on the Gulf side behind the clubhouse and restaurant. 4 tennis courts(2 lighted at night). A 2 acre miniature golf course. Owner's pets allowed. This is one of the least expensive condos you can buy in Panama City Beach which is walking distance to the beach. Must see this one before you buy!

31. 2023-11-10
    listed $255,000 Active 1221-char remark

    Show marketing remark (1221 chars)

    CURRENTLY UNDER CONTRACY. SELLER'S WILL CONSIDER BACK UP OFFERS. FIRM! All furniture except outside furniture. Beautiful condo that has been refurbished. Unit has Luxury Vinyl Plank flooring throughout. Beachy interior theme. The gas stove has been replaced with a glass top electric stove. Built in microwave replacing the stove hood. Hot water heater, 2 yrs. old. Recessed lighting in the kitchen and bar area. 2 upgraded sofa sleepers in the Living room , replacing the daybed. Upgraded furniture throughout and a practically new washer and dryer which is full size. This unit is immaculate and ready to move in. It also features a balcony which is shaded in the evenings. There is plenty of closet and storage space. Dues include the Insurance water and Sewage , Pest control and cable. This is cheaper than if you had to buy it separately. The complex is as a gated community with 11 swimming pools, (5 heated), and one on the Gulf side behind the clubhouse and restaurant. 4 tennis courts(2 lighted at night). A 2 acre miniature golf course. Owner's pets allowed. This is one of the least expensive condos you can buy in Panama City Beach which is walking distance to the beach. Must see this one before you buy!

32. 2021-12-14
    historical
33. 2021-03-24
    soldstatus $147,500
34. 2021-03-22
    soldstatus $147,500
35. 2021-02-23
    listed $147,500
36. 2015-09-04
    soldstatus $74,500
37. 2015-08-28
    soldstatus $74,500
38. 2015-05-19
    listed $79,900
39. 2013-02-25
    soldstatus $53,100
40. 2012-10-12
    listed $49,900
41. 2007-05-04
    listed $169,900
42. 2005-01-12
    soldstatus $142,000
43. 2004-11-15
    soldstatus $142,000
44. 2004-09-28
    listed $147,900
45. 2001-10-23
    soldstatus $52,500
46. 1998-02-23
    soldstatus $43,000
47. 1997-12-25
    listed $44,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,490 · $207/mo
• Projected year-2 tax: $2,490 · $207/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,561
• − Mortgage interest: −$10,363
• − Property taxes: −$2,490
• − Insurance: −$925
• − Repairs & maintenance: −$1,725
• − Management: −$1,725
• − HOA: −$10,200
• − Depreciation: −$5,382
• Taxable loss: −$11,249
• Est. tax savings @ 24.0%: +$2,700
• After-tax cash flow: $-5,524/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bay
• NCES district ID: 1200090
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 51% ▼ -7.00%
• Median HH income: $47,740
• Composite: 43.41/100
• National rank: #3014
• State rank: #29 of 73 in FL

Livability — Panama City Beach

• Score: 78/100
• State rank: #172
• US rank: #2624

Category grades

Amenities D- Commute F Cost of living B- Crime A+ Employment A- Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Panama City Beach, FL
• County: Bay County · 163,593 people
• City population: 50,689
• Metro: Panama City, FL
• Population (ZIP): 16,404
• Household income: $80,831
• Rent vs Own: 43.6% rent · 56.4% own
• Severe rent burden: 939.0

Population outlook (Bay County) Hauer SSP2

• Today (2025): 206,264 people
• By 2030: 217,740 · +5.6%
• By 2040: 238,738 · +15.7%
• By 2050: 255,545 · +23.9%
• By 2075: 288,295 · +39.8%
• By 2100: 288,638 · +39.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 10% Two or more races 9% Hispanic / Latino 8% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Italian 3% Portuguese 2%
• Foreign-born: 12% · Canada, Jamaica, South Korea
• Languages at home: 89% English-only · Spanish 6% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Bay

• 2024 margin: Solid R (+47.4) · D 25.8% · R 73.1% · Other 1.1%
• 2008→2024 swing: -6.6pp toward R · 2008: -40.7pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+43.5 2016: R+46.3 2012: R+43.6 2008: R+40.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -116.39%
• Current HPI: 277.8875
• Rent YoY: ▼ -0.25%
• Metro: Panama City, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+312.0% since first listed

30 events — show timeline

• 2025-11-27 Price Changed $185,000 CPARMLS
• 2025-05-26 Price Changed $190,000 CPARMLS
• 2025-05-09 Price Changed $205,000 CPARMLS
• 2025-01-29 Listed $215,000 CPARMLS
• 2024-06-26 Sold (Public Records) $200,000 Public Records
• 2024-06-25 Sold (MLS) $200,000 CPARMLS
• 2024-05-27 Contingent — CPARMLS
• 2024-05-25 Price Changed $212,000 CPARMLS
• 2024-04-30 Relisted — CPARMLS
• 2024-04-30 Price Changed $215,000 CPARMLS
• 2023-12-19 Price Changed $239,000 CPARMLS
• 2023-12-11 Price Changed $248,000 CPARMLS
• 2023-11-29 Price Changed $252,000 CPARMLS
• 2023-11-10 Listed $255,000 CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2021-03-24 Sold (Public Records) $147,500 Public Records
• 2021-03-22 Sold (MLS) $147,500 CPARMLS
• 2021-02-23 Listed $147,500 CPARMLS
• 2015-09-04 Sold (Public Records) $74,500 Public Records
• 2015-08-28 Sold (MLS) $74,500 CPARMLS
• 2015-05-19 Listed $79,900 CPARMLS
• 2013-02-25 Sold (MLS) $53,100 CPARMLS
• 2012-10-12 Listed $49,900 CPARMLS
• 2007-05-04 Listed $169,900 CPARMLS
• 2005-01-12 Sold (Public Records) $142,000 Public Records
• 2004-11-15 Sold (MLS) $142,000 CPARMLS
• 2004-09-28 Listed $147,900 CPARMLS
• 2001-10-23 Sold (Public Records) $52,500 Public Records
• 1998-02-23 Sold (MLS) $43,000 CPARMLS
• 1997-12-25 Listed $44,900 CPARMLS

Property tax history

+12.5%/yr

Latest (2025): $2,490 · +3.6% YoY. Source: county tax records.