Panama City Beach, FL Luxury Real Estate

Looking for luxury real estate and homes for sale in the stunning coastal town of Panama City Beach, FL? The Carly Sostheim Group specializes in helping buyers find their dream homes. With our extensive knowledge of the local market and a wide range of listings, we can guide you through the process of finding the perfect luxury home in Panama City Beach. Start your search with us today and embrace the coastal lifestyle and natural beauty that this area has to offer.

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Map of Panama City Beach Luxury


Luxury homes in Panama City Beach typically feature high-end finishes, premium appliances, spacious layouts, and often come with amenities such as private pools, beachfront access, panoramic views of the Gulf of Mexico, and smart home technology. They are characterized by superior craftsmanship and attention to detail, offering a luxurious living experience.

Some of the most popular areas for luxury homes in Panama City Beach include Carillon Beach, Wild Heron, and Bay Point. These communities offer exclusive waterfront properties, gated access, and proximity to both the beach and upscale amenities, making them highly sought after by buyers looking for a luxurious lifestyle.

 The average price range for luxury homes in Panama City Beach can vary widely based on factors such as location, size, and features. Generally, luxury homes in this area start from around $1 million and can go well into the multi-million dollar range, especially for expansive beachfront estates or properties with exceptional amenities.  

Luxury homes in Panama City Beach often come with a range of amenities, including private beach access, infinity pools, spa facilities, gourmet kitchens with top-of-the-line appliances, home theaters, wine cellars, and smart home automation systems. Many luxury homes also feature spacious outdoor living areas, such as covered patios, outdoor kitchens, and fire pits.

To find luxury homes for sale in Panama City Beach, it's advisable to work with experienced local real estate agents who specialize in high-end properties. They have access to exclusive listings and can provide you with personalized recommendations based on your preferences. Additionally, luxury real estate websites and high-end property magazines often showcase available luxury homes in the area.

Panama City Beach Housing Market Trends

Florida's Panama City Beach housing market demonstrates a competitive environment with notable price changes. Homes in Panama City Beach typically receive an average of 2 offers and sell within approximately 64 days. In May 2023, the median sale price of homes in Panama City Beach was $435,000, indicating a decrease of 8.9% compared to the previous year. Additionally, the median sale price per square foot in Panama City Beach is $438, showing a slight decrease of 0.11% since last year.

During May 2023, the housing market in Panama City Beach experienced a decline in median home prices, with an 8.9% decrease compared to the previous year. Homes in this area typically spend an average of 64 days on the market, increasing from 30 days last year. The number of homes sold in May this year was 137, representing a decrease of 27.1% compared to the same month the previous year.

The recent data suggests that the Panama City Beach housing market is experiencing a downward trend in median prices while homes take longer to sell. It remains competitive, with homes typically selling within 56 days.

Overview for Panama City Beach, FL

20,941 people live in Panama City Beach, where the median age is 48.4 and the average individual income is $39,507. Data provided by the U.S. Census Bureau.


Total Population

48.4 years

Median Age


Population Density


Average Individual Income

Panama City Beach, FL

A Guide to Living In

Panama City Beach, FL

Welcome to Panama City Beach, on Florida’s Emerald Coast. One of the world’s most beautiful beaches, the area gets its name from its emerald-colored water and sugary white sand. One of the best things about living in Panama City Beach is the incredible weather. With over 300 days of sunshine every year, there’s lots of time to get outside and have fun. The Panama City Beach real estate market offers residences at all different price points, including single-family homes and condominiums in an area filled with golf courses, marinas, and local attractions. Panama City Beach is also a top-rated tourist destination, so it offers excellent parks, activities, shopping, and entertainment venues.

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