Panama City Beach Condo Market Overview - May 2026
Condo sales volume is 43% higher than last year’s 20-year record low. Average condo prices have dropped 3.7% from 2025’s annual average. These figures vary significantly depending on the buildings and floor plans sold this quarter. Examples follow below.
Recent 2-Bedroom Sales
En Soleil 2 BR sells at $545 Per Square Foot
The most expensive sale in Panama City Beach, Florida in April was $545 per square foot at En Soleil Condominium. It sold for $925k. There is currently no inventory for sale at En Soleil.
— Christopher Arnold (@panamabeachreal) April 30, 2026
2025 (April) Listed for $1.2 Million
2025 (May) Reduced to $1.15 Million
2025 (October)… pic.twitter.com/92tSuRxkDj
Ocean Villa 2 BR sells at $397 Per Square Foot
Nothing illustrates the Panama City Beach Florida condo market better than comparing identical two-bedroom floor plans built by the same developer. Ocean Villa, Emerald Isle, Ocean Reef, Tropic Winds, and Twin Palms all share the exact same 2BR layout.
— Christopher Arnold (@panamabeachreal) May 4, 2026
A consistent pattern shows… pic.twitter.com/oijfhXABUa
Shores of Panama 2 BR + Bunk Area Sells at $291 Per Square Foot
The lowest price-per-square-foot sale of a 2-bedroom condo in Panama City Beach, Florida, for the month of April goes to Shores of Panama.
— Christopher Arnold (@panamabeachreal) April 30, 2026
A 1,148 square foot 2-bedroom sold for $335k. It was one of the remaining bulk owner units from when the bulk buyer purchased all of the… pic.twitter.com/5DFanKHV61
Condo Sales Volume
In 2026, condo sales volume is 43% higher than last year’s 20-year record low. High interest rates continue to challenge the market, although secondary market and DSCR loans for Gulf-front condos are returning.
Condo ownership costs have stabilized. We have not seen a large number of excessive special assessments. Rental income was down for most buildings in 2025 compared to 2024, and several popular buildings have run out of inventory for specific floor plans.
Stay Updated on the Market
As you can see from the tweets above, we regularly share the latest Panama City Beach condo news, recent sales, and market insights directly on X. The same fresh content is also posted in our active Facebook Group.
Condo Market Faces Over Supply Amid Low Demand
I have narrowed the graph criteria since my last update. This data covers Gulf-front condos in Panama City Beach. While the graph can still be deceptive, the number of active listings is improving. Not all listings are priced to sell, although pricing realism has improved significantly compared to 2025.
Over 75% of condo owners who purchased before the 2021 price surge are either mortgage-free or largely shielded from high interest rates. Many post-2021 buyers are reselling at notable losses. Strict lending standards have resulted in virtually no short sales and only rare foreclosures in 2026. You can see more details on the strict lending requirements here: Condo Loans in Panama City Beach.
Notable Buildings Now Out of Inventory
A 3-bedroom condo at En Soleil in Panama City Beach Florida, just sold for $1.325 million after 24 days on the market. We are now completely out of inventory at the En Soleil condominium.
— Christopher Arnold (@panamabeachreal) April 21, 2026
Square Feet: 2,316
Sold Price Per SqFt: $572
Association Dues: $2,139 per Month pic.twitter.com/3tXsd5w4p2
While the overall Panama City Beach condo market still shows elevated inventory in many buildings, we are seeing a different story in several higher-end properties. Specific floor plans and larger units have sold out completely.
Concerns Over Special Assessments and Insurance Costs
In Panama City Beach, fears of major special assessments are generally unwarranted when working with a knowledgeable buyer’s agent. While we still have several older condominiums working through special assessments to bring their buildings up to current standards after milestone inspections, these are typically manageable and easy to identify in advance. A recent example is Dunes of Panama Building A, which completed a sizable special assessment.
In March 2025, Building A at the Dunes of Panama condominium in Panama City Beach Florida, approved a $1.6 million special assessment. Condo owners were given the following payment options:
— Christopher Arnold (@panamabeachreal) January 5, 2026
Option 1: Pay in full
- Small 2-bedroom: $22,000
- Large 2-bedroom: $36,000
-… pic.twitter.com/vs4HJFRLDO
This situation is very different from the more severe and ongoing issues affecting primary residence condos in southern Florida.
For a real-world example of a condo that successfully navigated a sizable special assessment, see: Ramsgate Harbour: How a Panama City Beach Condo Navigated $139k in Special Assessments.
Insurance costs have decreased for two consecutive years, but this year rates have remained roughly flat overall.
In-Depth Articles on This Topic
- Panama City Beach Florida 2024 condo insurance
- Panama City Beach Florida Condo Association Dues 2025
Tips for Buyers & Sellers
Buyers: Focus on choosing the right building for your needs. Work with a knowledgeable agent who truly knows all the buildings in Panama City Beach. They can help you evaluate association stability, determine the likelihood of future special assessments, and use actual rental histories instead of projections to calculate realistic CAP rates.
Sellers: Work with experienced agents who understand the value of upgrades, know the current market well, and carefully review offers to help ensure the deal closes smoothly.
Have questions? Feel free to contact me.
Christopher Arnold
850-625-5113
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