Why Live in Paradise by The Sea
Paradise by the Sea in Panama City Beach is a gated community known for its privacy and exclusivity. This nonrental neighborhood features around 50 homes, each designed to blend seamlessly with the sandy terrain and offer ocean views. Homes often include luxurious amenities such as guesthouses, elevators, saltwater pools, and bocce courts. The community has a private beach accessible only to beachfront property owners, with security ensuring that tourists do not encroach on residents' spaces. The area is safer than the national average, adding to its appeal. Local schools, including Dune Lakes Elementary, Emerald Coast Middle School, South Walton High, and the private Ohana Institute, are highly rated. Residents enjoy proximity to the Alys Beach Nature Trail and the 19-mile Timpoochee Trail for outdoor activities. Dining and shopping options are abundant, with popular spots like 3rd Cup, Fonville Press, Pescado's rooftop, and Cowgirl Kitchen nearby. The upcoming bike and pedestrian tunnel under Highway 98 will enhance access to 30Avenue's shops and restaurants. While beach bikes are the primary mode of transport, golf carts are also used, though parking restrictions apply in neighboring areas. The community experiences some congestion on 30A during peak times, but Highway 98 offers a faster route for longer trips. The Northwest Florida Beaches International Airport is within a 20-mile drive. Homeowners should note that hurricane requirements may affect insurance rates, and ongoing construction is common due to flexible building covenants.
Frequently Asked Questions
Is Paradise by The Sea a good place to live?
Paradise by The Sea is a good place to live. Paradise by The Sea is considered car-dependent and somewhat bikeable. It has a median age of 57. The average household income is $132,583 which is above the national average. College graduates make up 72.7% of residents. A majority of residents in Paradise by The Sea are home owners, with 20% of residents renting and 80% of residents owning their home. A
local real estate agent serving Paradise by The Sea can help you decide if this neighborhood is the right one for you. Learn more on our
Paradise by The Sea neighborhood guide.
How much do you need to make to afford a house in Paradise by The Sea?
The median home price in Paradise by The Sea is $491,970. If you put a 20% down payment of $98,400 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,550 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $109K a year to afford the median home price in Paradise by The Sea. The average household income in Paradise by The Sea is $133K.
What are the best public schools in Paradise by The Sea?
The best public schools that serve Paradise by The Sea are:
What are the best private schools in Paradise by The Sea?
The best private schools that serve Paradise by The Sea are:
- Ohana Institute has an A Niche grade, a student teacher ratio of 7:1 and an average review score of 3.6.
What are the most popular zip codes in Paradise by The Sea, Panama City Beach, FL?
What are the most popular neighborhoods near Paradise by The Sea, Panama City Beach, FL?
Home Trends in Paradise by The Sea, FL
On average, homes in Paradise by The Sea, Panama City Beach sell after 158 days on the market compared to the national average of 70 days. The median sale price for homes in Paradise by The Sea, Panama City Beach over the last 12 months is $478,000.
Median Sale Price
$478,000
Median Single Family Sale Price
$478,000
Average Price Per Sq Ft
$315
Number of Homes for Sale
0
Last 12 months Home Sales
1
Median List Price
$491,970
Median Change From 1st List Price
3%