235 Saint Katherine Blvd · Panama City Beach, FL 32407

$320,000

2 bd · 2.0 ba · 1,260 sqft · Townhouse public records · 353 Days on market

Built 1992 $254/sqft · 29% below area Est $451k · 29% under · waterfront

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Why this score? — see what drove the D+ 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
• Cash flow +11.0/30.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• DSCR +3.2/10.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully Updated Glass-Back Canal Unit on St. Catherine Boulevard. This stunning 2-bedroom, 2.5-bath townhome on the canal is perfectly updated and ready for you to enjoy--whether as a vacation escape, a second home, or your full-time residence. The glass-back design offers peaceful water views and a bright, open feel throughout. Located just a short walk to popular attractions, restaurants, shopping, the post office, and Walmart, you'll have everything you need right at your fingertips. As part of a vibrant, amenity-rich community, you'll enjoy access to 11 pools (5 heated), tennis courts, pickleball, two fitness centers, an 18-hole mini-golf course, two playgrounds, shuffleboard, a conference center, and a private beachfront clubhouse with a snack bar. Come see everything this exceptional unit has to offer and fall in love. Call your favorite Realtor today to schedule a showing and explore all the available options! VA approved community!

Key facts

• Access to 11 pools
• Pickleball
• Peaceful water views

Tags

• GLASS-BACK CANAL UNIT
• PEACEFUL WATER VIEWS
• ACCESS TO 11 POOLS
• TENNIS COURTS
• PICKLEBALL
• TWO FITNESS CENTERS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $320k.

Deal economics

• At list price, monthly cash flow is $-132 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $297k (7.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $256k (20.0% below list).
• Recommended offer: $256k (20.0% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 2.6% in Panama City Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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.
• Zoned schools: Hutchison Beach Elementary School (math 55% / reading 45%, grade D+, #1,070 of 2,144 statewide, top 51%, 621 students, 59% FRL); Surfside Middle School (math 58% / reading 59%, grade B, #148 of 571 statewide, top 26%, 843 students, 48% FRL); J.R. Arnold High School (math 41% / reading 54%, grade D, #204 of 667 statewide, top 31%, 1,617 students, 36% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: Rents soft (-0.2%/yr); 705 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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).
• This rent runs 38% of the median local income ($81k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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 353 days — a 12% lower offer ($282k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 28y ago; this cycle's ask has dropped $25k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $255,896 (20.0% 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 353 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 5.80%
• Cash-on-cash: -1.77%
• DSCR: 0.92
• GRM: 10.4

CMA / ARV

• ARV (median comp): $450,654
• List price: $320,000
• Delta: -28.99%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
157 Kimberly Dr	0.19mi	2/2.5	1,248 (-1%)	0mo	$315,000	$252	88
106 Tonya Ln	0.10mi	2/2.5	1,188 (-6%)	1mo	$316,000	$266	84
10625 Front Beach Rd #901	0.18mi	2/2.0	1,174 (-7%)	0mo	$465,000	$396	80
112 Robin Ln	0.24mi	3/2.5 (+1)	1,293 (+3%)	1mo	$370,000	$286	77
10515 Front Beach Rd #603	0.30mi	2/2.0	1,326 (+5%)	1mo	$580,000	$437	77
10519 Front Beach Rd Unit 1802B	0.21mi	2/2.0	1,147 (-9%)	1mo	$475,000	$414	74
9860 S Thomas Dr #1923	0.63mi	2/2.0	1,262 (+0%)	1mo	$279,900	$222	70
9902 S Thomas Dr #1928	0.55mi	3/2.0 (+1)	1,262 (+0%)	0mo	$241,500	$191	69
105 Linda Marie Ln	0.17mi	2/1.5	1,080 (-14%)	0mo	$288,000	$267	66
9900 S Thomas Dr #2003	0.49mi	2/2.5	1,131 (-10%)	1mo	$520,000	$460	58
520 Richard Jackson Blvd #1212	0.61mi	2/2.0	1,137 (-10%)	1mo	$230,000	$202	54
9900 S Thomas Dr #1301	0.49mi	3/3.0 (+1)	1,416 (+12%)	1mo	$595,000	$420	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -22.5%
• Equity multiple: 0.24×
• Total profit: $-67,775
• Equity at exit: $47,713

10-year hold

• IRR: -26.6%
• Equity multiple: -0.10×
• Total profit: $-98,834
• Equity at exit: $27,668

Cash invested: $89,600 (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: 705
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,559 high
• Mortgage (P&I): −$1,678
• Tax from tax record: −$342 /mo · $4,109/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$537
• Net cashflow: $-132

Break-even live

Break-even rent $2,726

Max offer price $296,632

Occupancy floor —

Sensitivity live

Price	-10% $49	-5% $-42	+0% $-132	+5% $-223	+10% $-313
Rent	-10% $-334	-5% $-233	+0% $-132	+5% $-31	+10% $70
Rate	-1.0pp $29	-0.5pp $-51	base $-132	+0.5pp $-215	+1.0pp $-300

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: $80,000
• Closing costs: $9,600
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
135 Grande Island Blvd Unit 1355007P Panama City Beach, FL	3.0	3.5	1797	$2,759	$1.54	23d	1	0.13mi
10625 Front Beach Rd Unit 1354975P Panama City Beach, FL	2.0	2.0	1140	$3,166	$2.78	15d	1	0.14mi
10811 Front Beach Rd Unit 1354928P Panama City Beach, FL	3.0	2.0	1194	$3,463	$2.90	15d	1	0.16mi
133 W Leslie Ln Unit 1 Panama City Beach, FL	2.0	1.5	950	$2,200	$2.32	23d	1	0.24mi
136 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,750	$1.80	15d	1	0.37mi
138 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,599	$1.65	15d	1	0.37mi
104 Gulfside Ct Unit 1523320P Panama City Beach, FL	3.0	3.0	1496	$5,020	$3.36	15d	1	0.40mi
998 Gulfside Ct Unit 1523366P Panama City Beach, FL	2.0	2.0	1065	$4,124	$3.87	15d	1	0.40mi
9815 S Thomas Dr Unit 1523339P Panama City, FL	3.0	2.0	1259	$4,018	$3.19	23d	1	0.45mi
9902 S Thomas Dr Unit 1354966P Panama City Beach, FL	2.0	2.0	1259	$1,970	$1.56	15d	1	0.54mi
204 Potters Bluff Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1035	$1,651	$1.60	15d	12	0.55mi
98 Paddock Club Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1093	$1,751	$1.60	15d	19	0.60mi
520 N Richard Jackson Blvd #1912 Panama City Beach, FL	2.0	2.0	1200	$2,375	$1.98	15d	1	0.67mi
11222 Hutchison Blvd Unit 1523347P Panama City Beach, FL	2.0	2.0	1194	$3,907	$3.27	23d	1	0.74mi
104 White Cap Way Panama City Beach, FL	3.0	2.0	1146	$2,700	$2.36	23d	1	0.79mi
175 White Cap Way Unit 1 Panama City Beach, FL	3.0	2.5	1432	$1,750	$1.22	15d	1	0.84mi
11709 Seashore Ln Panama City Beach, FL	3.0	2.0	1269	$2,300	$1.81	15d	1	1.03mi
800 Grand Panama Blvd Panama City Beach, FL	3.0	1.0–2.0	978	$2,299	$2.35	15d	30	1.04mi
10400 Panama City Beach Pkwy Panama City Beach, FL	1.0–3.0	1.0–2.0	1151	$1,890	$1.64	15d	20	1.06mi
12011 Front Beach Rd Unit 1523327P Panama City Beach, FL	2.0	2.0	1076	$3,796	$3.53	15d	1	1.15mi
335 Madison Cir Panama City Beach, FL	3.0	3.0	1682	$2,599	$1.55	23d	1	1.40mi
302 Cabana Blvd Panama City Beach, FL	1.0–3.0	1.0–2.0	1184	$1,550	$1.31	15d	15	1.43mi
410 Foxtail Way Panama City Beach, FL	3.0	2.0	1676	$2,750	$1.64	23d	1	1.46mi

Listing history 48 events

1. 2026-06-21
   days on market $320,000 Active 353 DOM
2. 2026-06-19
   days on market $320,000 Active 351 DOM
3. 2026-06-18
   days on market $320,000 Active 350 DOM
4. 2026-06-17
   days on market $320,000 Active 349 DOM
5. 2026-06-16
   days on market $320,000 Active 348 DOM
6. 2026-06-15
   days on market $320,000 Active 347 DOM
7. 2026-06-14
   days on market $320,000 Active 345 DOM
8. 2026-06-13
   days on market $320,000 Active 344 DOM
9. 2026-06-10
   days on market $320,000 Active 342 DOM
10. 2026-06-09
    days on market $320,000 Active 341 DOM
11. 2026-06-08
    days on market $320,000 Active 340 DOM
12. 2026-06-07
    days on market $320,000 Active 339 DOM
13. 2026-06-05
    days on market $320,000 Active 336 DOM
14. 2026-06-03
    days on market $320,000 Active 335 DOM
15. 2026-06-02
    days on market $320,000 Active 334 DOM
16. 2026-06-01
    days on market $320,000 Active 333 DOM
17. 2026-05-31
    days on market $320,000 Active 332 DOM
18. 2026-05-30
    days on market $320,000 Active 331 DOM
19. 2026-05-15
    price $320,000 960-char remark

    Show marketing remark (960 chars)

    Beautifully Updated Glass-Back Canal Unit on St. Catherine Boulevard. This stunning 2-bedroom, 2.5-bath townhome on the canal is perfectly updated and ready for you to enjoy--whether as a vacation escape, a second home, or your full-time residence. The glass-back design offers peaceful water views and a bright, open feel throughout. Located just a short walk to popular attractions, restaurants, shopping, the post office, and Walmart, you'll have everything you need right at your fingertips. As part of a vibrant, amenity-rich community, you'll enjoy access to 11 pools (5 heated), tennis courts, pickleball, two fitness centers, an 18-hole mini-golf course, two playgrounds, shuffleboard, a conference center, and a private beachfront clubhouse with a snack bar. Come see everything this exceptional unit has to offer and fall in love. Call your favorite Realtor today to schedule a showing and explore all the available options! VA approved community!

20. 2026-05-02
    status Active 960-char remark

    Show marketing remark (960 chars)

    Beautifully Updated Glass-Back Canal Unit on St. Catherine Boulevard. This stunning 2-bedroom, 2.5-bath townhome on the canal is perfectly updated and ready for you to enjoy--whether as a vacation escape, a second home, or your full-time residence. The glass-back design offers peaceful water views and a bright, open feel throughout. Located just a short walk to popular attractions, restaurants, shopping, the post office, and Walmart, you'll have everything you need right at your fingertips. As part of a vibrant, amenity-rich community, you'll enjoy access to 11 pools (5 heated), tennis courts, pickleball, two fitness centers, an 18-hole mini-golf course, two playgrounds, shuffleboard, a conference center, and a private beachfront clubhouse with a snack bar. Come see everything this exceptional unit has to offer and fall in love. Call your favorite Realtor today to schedule a showing and explore all the available options! VA approved community!

21. 2026-04-30
    historical 960-char remark

    Show marketing remark (960 chars)

    Beautifully Updated Glass-Back Canal Unit on St. Catherine Boulevard. This stunning 2-bedroom, 2.5-bath townhome on the canal is perfectly updated and ready for you to enjoy--whether as a vacation escape, a second home, or your full-time residence. The glass-back design offers peaceful water views and a bright, open feel throughout. Located just a short walk to popular attractions, restaurants, shopping, the post office, and Walmart, you'll have everything you need right at your fingertips. As part of a vibrant, amenity-rich community, you'll enjoy access to 11 pools (5 heated), tennis courts, pickleball, two fitness centers, an 18-hole mini-golf course, two playgrounds, shuffleboard, a conference center, and a private beachfront clubhouse with a snack bar. Come see everything this exceptional unit has to offer and fall in love. Call your favorite Realtor today to schedule a showing and explore all the available options! VA approved community!

22. 2026-01-06
    price $325,000 960-char remark

    Show marketing remark (960 chars)

    Beautifully Updated Glass-Back Canal Unit on St. Catherine Boulevard. This stunning 2-bedroom, 2.5-bath townhome on the canal is perfectly updated and ready for you to enjoy--whether as a vacation escape, a second home, or your full-time residence. The glass-back design offers peaceful water views and a bright, open feel throughout. Located just a short walk to popular attractions, restaurants, shopping, the post office, and Walmart, you'll have everything you need right at your fingertips. As part of a vibrant, amenity-rich community, you'll enjoy access to 11 pools (5 heated), tennis courts, pickleball, two fitness centers, an 18-hole mini-golf course, two playgrounds, shuffleboard, a conference center, and a private beachfront clubhouse with a snack bar. Come see everything this exceptional unit has to offer and fall in love. Call your favorite Realtor today to schedule a showing and explore all the available options! VA approved community!

23. 2025-12-28
    status Active 960-char remark

    Show marketing remark (960 chars)

    Beautifully Updated Glass-Back Canal Unit on St. Catherine Boulevard. This stunning 2-bedroom, 2.5-bath townhome on the canal is perfectly updated and ready for you to enjoy--whether as a vacation escape, a second home, or your full-time residence. The glass-back design offers peaceful water views and a bright, open feel throughout. Located just a short walk to popular attractions, restaurants, shopping, the post office, and Walmart, you'll have everything you need right at your fingertips. As part of a vibrant, amenity-rich community, you'll enjoy access to 11 pools (5 heated), tennis courts, pickleball, two fitness centers, an 18-hole mini-golf course, two playgrounds, shuffleboard, a conference center, and a private beachfront clubhouse with a snack bar. Come see everything this exceptional unit has to offer and fall in love. Call your favorite Realtor today to schedule a showing and explore all the available options! VA approved community!

24. 2025-12-22
    historical 960-char remark

    Show marketing remark (960 chars)

    Beautifully Updated Glass-Back Canal Unit on St. Catherine Boulevard. This stunning 2-bedroom, 2.5-bath townhome on the canal is perfectly updated and ready for you to enjoy--whether as a vacation escape, a second home, or your full-time residence. The glass-back design offers peaceful water views and a bright, open feel throughout. Located just a short walk to popular attractions, restaurants, shopping, the post office, and Walmart, you'll have everything you need right at your fingertips. As part of a vibrant, amenity-rich community, you'll enjoy access to 11 pools (5 heated), tennis courts, pickleball, two fitness centers, an 18-hole mini-golf course, two playgrounds, shuffleboard, a conference center, and a private beachfront clubhouse with a snack bar. Come see everything this exceptional unit has to offer and fall in love. Call your favorite Realtor today to schedule a showing and explore all the available options! VA approved community!

25. 2025-12-11
    price $338,000 960-char remark

    Show marketing remark (960 chars)

    Beautifully Updated Glass-Back Canal Unit on St. Catherine Boulevard. This stunning 2-bedroom, 2.5-bath townhome on the canal is perfectly updated and ready for you to enjoy--whether as a vacation escape, a second home, or your full-time residence. The glass-back design offers peaceful water views and a bright, open feel throughout. Located just a short walk to popular attractions, restaurants, shopping, the post office, and Walmart, you'll have everything you need right at your fingertips. As part of a vibrant, amenity-rich community, you'll enjoy access to 11 pools (5 heated), tennis courts, pickleball, two fitness centers, an 18-hole mini-golf course, two playgrounds, shuffleboard, a conference center, and a private beachfront clubhouse with a snack bar. Come see everything this exceptional unit has to offer and fall in love. Call your favorite Realtor today to schedule a showing and explore all the available options! VA approved community!

26. 2025-06-25
    listed $345,000 Active 960-char remark

    Show marketing remark (960 chars)

    Beautifully Updated Glass-Back Canal Unit on St. Catherine Boulevard. This stunning 2-bedroom, 2.5-bath townhome on the canal is perfectly updated and ready for you to enjoy--whether as a vacation escape, a second home, or your full-time residence. The glass-back design offers peaceful water views and a bright, open feel throughout. Located just a short walk to popular attractions, restaurants, shopping, the post office, and Walmart, you'll have everything you need right at your fingertips. As part of a vibrant, amenity-rich community, you'll enjoy access to 11 pools (5 heated), tennis courts, pickleball, two fitness centers, an 18-hole mini-golf course, two playgrounds, shuffleboard, a conference center, and a private beachfront clubhouse with a snack bar. Come see everything this exceptional unit has to offer and fall in love. Call your favorite Realtor today to schedule a showing and explore all the available options! VA approved community!

27. 2024-12-04
    status Active
28. 2024-12-04
    historical
29. 2024-12-02
    historical
30. 2024-08-01
    price $364,900
31. 2024-07-01
    price $365,000
32. 2024-06-06
    listed $375,000 Active
33. 2023-06-03
    historical
34. 2022-05-25
    soldstatus $375,000
35. 2022-05-20
    soldstatus $375,000 Closed
36. 2022-04-19
    historical Active Under Contract
37. 2022-04-16
    listed $379,900 Active
38. 2019-08-13
    soldstatus $203,000
39. 2019-08-12
    soldstatus $203,000
40. 2019-06-12
    listed $209,900
41. 2018-02-15
    historical
42. 2018-01-02
    listed $189,000
43. 2017-05-02
    soldstatus $160,000
44. 2001-04-12
    soldstatus $86,700
45. 1998-07-20
    soldstatus $84,900
46. 1998-07-01
    soldstatus $84,900
47. 1998-04-30
    listed $86,900
48. 1992-10-01
    soldstatus $62,900

ⓘ 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: $4,109 · $342/mo
• Projected year-2 tax: $4,109 · $342/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 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: $30,708
• − Mortgage interest: −$17,925
• − Property taxes: −$4,109
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,457
• − Management: −$2,457
• − Depreciation: −$9,309
• Taxable loss: −$7,149
• Est. tax savings @ 24.0%: +$1,716
• After-tax cash flow: $128/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

+408.7% since first listed

30 events — show timeline

• 2026-05-15 Price Changed $320,000 CPARMLS
• 2026-05-02 Relisted — CPARMLS
• 2026-04-30 Listing Removed — CPARMLS
• 2026-01-06 Price Changed $325,000 CPARMLS
• 2025-12-28 Relisted — CPARMLS
• 2025-12-22 Listing Removed — CPARMLS
• 2025-12-11 Price Changed $338,000 CPARMLS
• 2025-06-25 Listed $345,000 CPARMLS
• 2024-12-04 Relisted — CPARMLS
• 2024-12-04 Listing Removed — CPARMLS
• 2024-12-02 Listing Removed — CPARMLS
• 2024-08-01 Price Changed $364,900 CPARMLS
• 2024-07-01 Price Changed $365,000 CPARMLS
• 2024-06-06 Listed $375,000 CPARMLS
• 2023-06-03 Rental Removed — RENT.
• 2022-05-25 Sold (Public Records) $375,000 Public Records
• 2022-05-20 Sold (MLS) $375,000 CPARMLS
• 2022-04-19 Contingent — CPARMLS
• 2022-04-16 Listed $379,900 CPARMLS
• 2019-08-13 Sold (Public Records) $203,000 Public Records
• 2019-08-12 Sold (MLS) $203,000 CPARMLS
• 2019-06-12 Listed $209,900 CPARMLS
• 2018-02-15 Listing Removed — CPARMLS
• 2018-01-02 Listed $189,000 CPARMLS
• 2017-05-02 Sold (Public Records) $160,000 Public Records
• 2001-04-12 Sold (Public Records) $86,700 Public Records
• 1998-07-20 Sold (MLS) $84,900 CPARMLS
• 1998-07-01 Sold (Public Records) $84,900 Public Records
• 1998-04-30 Listed $86,900 CPARMLS
• 1992-10-01 Sold (Public Records) $62,900 Public Records

Property tax history

+10.4%/yr

Latest (2025): $4,109 · +4.4% YoY. Source: county tax records.