Panama City Beach Condo Market Overview - September 2026

Condo sales volume is 25% higher than last year’s 20-year record low. Average condo prices have dropped 2.7% from 2025’s annual average. These figures vary significantly depending on the buildings and floor plans sold this quarter. Examples follow below.

Recent Sales

Ocean Ritz 4 BR sells at $558 Per Square Foot

A 1,637 sq ft, 4-bedroom condo at Ocean Ritz Condominium in Panama City Beach Florida with a 493 sq ft balcony sold for $915K.
The third floor unit lives more like a house than a typical condo, with tasteful upgrades throughout. Two master bedrooms overlook the water, and the… pic.twitter.com/zBJbsebRA6

— Christopher Arnold (@panamabeachreal) September 11, 2026

Palazzo 2 BR + Bunk sells at $509 Per Square Foot

A 1345 sq ft 2 bedroom plus bunk room condo at Palazzo Condominium in Panama City Beach Florida sold for 685k.
Three of this floorplan have sold this year and there are none left on the market. Palazzo is not showing any signs of distress in the current condo market. Days on… pic.twitter.com/ElQybizntV

— Christopher Arnold (@panamabeachreal) September 11, 2026

Sunrise Beach 2BR + Bunk Room sells at $422 Per Square Foot

This is the sixth Sunrise Beach condo sale of that floor plan this year, one more than the five sold last year.

A 2-bedroom + bunk room unit (1,242 sq ft) at Sunrise Beach Condominium in Panama City Beach, Florida, just sold for $525K.
This is the sixth sale of that floor plan this year, one more than the five sold last year.

Sold Price Per SqFt: $422
Association Dues: $1,225 per Month… pic.twitter.com/lC6GUhriYm

— Christopher Arnold (@panamabeachreal) September 12, 2026

Twin Palms 2 BR sells at $326 Per Square Foot

A 2BR (1,183 sq ft) condo at Twin Palms Condominium in Panama City Beach Florida sold for $386K.

The unit needed a lot of work and featured mixed tile, yellow paint, and wicker furniture. This is the third Twin Palms condo to sell below $400K this year. It listed in February… pic.twitter.com/WJXIl7eBAW

— Christopher Arnold (@panamabeachreal) September 11, 2026

Condo Sales Volume

Sales volume has recovered 25% from last year’s record low. Before a weak August, activity was running 36% ahead of the prior year.

2026 Condo Budgets and Special Assessments

Panama City Beach Florida Condo Special Assessments 2026
Special assessments at Panama City Beach condominiums kept coming in 2026. Florida's Milestone Inspection and Structural Integrity Reserve Study (SIRS) requirements, enacted following the 2021 Surfside collapse, pushed… pic.twitter.com/Y62RH7yXy2

— Christopher Arnold (@panamabeachreal) September 11, 2026

In Panama City Beach, fears of large special assessments are generally unfounded when buyers work with a knowledgeable agent. Condo operating budgets have largely stabilized.

A number of older buildings are now facing higher dues and special assessments to fund Milestone Inspection repairs and to bring SIRS reserve budgets into balance. Several of these properties should have addressed the underlying issues well before the inspection reports forced the issue. At the same time, other well-maintained older buildings show no signs of major special assessments over the next decade. Click here for the 2026 Panama City Beach Condo Special Assessments article.

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.

Condos Outperforming The Broader Market

Premium buildings are generally holding values better than the broader market, though their absorption rates remain much lower. Aqua  and Palazzo Condominium are clear examples of this.

Here is the full article for Aqua Condominium Panama City Beach - Sales History & Prices.

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.

Panama City Beach Condo News

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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 when looking for Panama City Beach condos for sale. 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.

If you’d like a more straightforward conversation than you’ve had with other agents, feel free to reach out.

Christopher Arnold
850-625-5113