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.
Home Trends in Paradise by The Sea, FL
Median Sale Price
$11,650,000
Median Single Family Sale Price
$3,819,500
Average Price Per Sq Ft
$886
Number of Homes for Sale
5
Last 12 months Home Sales
2
Median List Price
$6,599,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
46%