$539,900
- 3 Beds
- 2 Baths
- 1,750 Sq Ft
117 Nautical Way, Panama City Beach, FL 32413
Dana Ford
Scenic Sotheby's International Realty
(850) 706-4550
Frequently Asked Questions
Is Panama City Beach a good place to live?
Panama City Beach is a good place to live. Panama City Beach is considered very car-dependent and bikeable with minimal transit options. Panama City Beach has 11 parks for recreational activities. It has a median age of 48. The average household income is $88,653 which is below the national average. College graduates make up 28.5% of residents. A majority of residents in Panama City Beach are home owners, with 38% of residents renting and 62% of residents owning their home. A local real estate agent serving Panama City Beach can help you decide if this neighborhood is the right one for you. Learn more on our Panama City Beach neighborhood guide.
How much do you need to make to afford a house in Panama City Beach?
The median home price in Panama City Beach is $419,900. If you put a 20% down payment of $84,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,170 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $93K a year to afford the median home price in Panama City Beach. The average household income in Panama City Beach is $89K.
What are the most popular zip codes in Panama City Beach, Panama City Beach, FL?
What are the most popular neighborhoods near Panama City Beach, Panama City Beach, FL?
The most popular neighborhoods near Panama City Beach, Panama City Beach, FL are Latitude Margaritaville, Watersound Origins, Seacrest Beach, Saint Andrews and Paradise by The Sea.
Are home prices dropping in Panama City Beach?
Yes, home prices in Panama City Beach are down 24% in the last 12 months.
