Downtown Homes for Sale

Q: What are the best public schools in Downtown?

The best public schools that serve Downtown are:Bay High School has a B Niche grade, a student teacher ratio of 20:1 and an average review score of 3.8.Jinks Middle School has a B- Niche grade and a student teacher ratio of 18:1.Merriam Cherry Street Elementary School has a C Niche grade and a student teacher ratio of 13:1.

Q: What are the best private schools in Downtown?

The best private schools that serve Downtown are:St. John Catholic Academy has a student teacher ratio of 7:1.Holy Nativity Episcopal School has a student teacher ratio of 10:1.

/23
$378,000

New Construction $103K PRICE INCREASE
- 1 Bath
- 656 Sq Ft
436 Harrison Ave Unit 6, Panama City, FL 32401

*The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

Kristen Barr Counts Real Estate Group Inc

436 Harrison Ave Unit 6, Panama City, FL 32401
Explore Downtown
/13
$1,750,000

$250K PRICE DROP
- Land
- 20,037 Sq Ft
- $3,804,348 per Acre
0 Panama City Beach Pkwy Unit 778573, Panama City Beach, FL

Exceptional opportunity to own a high-visibility corner lots at Hwy 98 and Malaga Place on the highly desirable west end of Panama City Beach. Zoned Plaza Commercial, this property is ideal for retail, office, restaurant, or mixed-use development. Located in the #2 fastest-growing metro in the United States, the site offers strong traffic exposure on busy Panama City Beach Parkway and is

Kelly Stiles EXP Realty LLC

0 Panama City Beach Pkwy Unit 778573, Panama City Beach, FL
/29
$379,000

New Construction $6K PRICE DROP
- 1 Bath
- 656 Sq Ft
436 Harrison Ave Unit 13, Panama City, FL 32401

*The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

Kristen Barr Counts Real Estate Group Inc

436 Harrison Ave Unit 13, Panama City, FL 32401
/3
$45,000
- Land
- 3,484 Sq Ft
- $562,500 per Acre
622 Harmon Ave, Panama City, FL 32401

622 Harmon Ave is all about 'location' near downtown Panama City. Situated near the heart of the growth to the downtown area, this property is perfect for either a residential or commercial investor, a private owner, or a business professional looking for an extra piece of land. This piece of vacant land is cleared and is zoned 'commercial DTD'-which has many allowable commercial uses; OR it is

Elaine Fenster Coastal Palms Real Estate

622 Harmon Ave, Panama City, FL 32401
/6
$900,000
- Land
- 80 Acres
- $11,250 per Acre
000 U S 231, Callaway, FL 32404

Approximately 80 acres with +/- 3,700 feet fronting U.S. Highway 231 with a median-cut on the north end. This property is currently zoned AG-1. Located in Bay County and just 1/2 mile north of the main entrance to Port Panama City's Intermodal Distribution Center. (Commerce Boulevard. With land use change to industrial and incorporation into Panama City limits, the property would make ideal

Chris McCall Counts Real Estate Group Inc

000 U S 231, Callaway, FL 32404
/16
$449,000

$176K PRICE DROP
- Land
- 30,492 Sq Ft
- $641,429 per Acre
612 Mckenzie Ave, Panama City, FL 32401

PRICE REDUCTION on this beautiful piece of property near downtown Panama City! PRICE includes bonus lot on Harmon Ave. 612 McKenzie Ave is a large valuable commercial investment property located inside the downtown district of Panama City. Zoned commercial DTD, which aligns with the vision of redevelopment and vitality in the downtown area and allows for many different commercial or residential

Elaine Fenster Coastal Palms Real Estate

612 Mckenzie Ave, Panama City, FL 32401
/6
$524,750

New Construction
- 1 Bed
- 1 Bath
- 1,100 Sq Ft
436 Harrison Ave Unit A, Panama City, FL 32401

*The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

Kristen Barr Counts Real Estate Group Inc

436 Harrison Ave Unit A, Panama City, FL 32401
/11
$55,000
- Land
- 0 Sq Ft
448 Harrison Ave Unit A, Panama City, FL 32401

Business Only! Can't Hide Pretty, a chic coastal women's boutique located in the heart of Historic Downtown Panama City, Florida, benefiting from a prime, high-visibility storefront and strong foot traffic--especially during peak tourist season. The business offers a standout customer experience both in-store and online, pairing a beautifully curated retail space with an easy-to-shop,

Matthew Jones Coastal Heritage Real Estate LLC

448 Harrison Ave Unit A, Panama City, FL 32401
/23
$299,000

New Construction $24K PRICE INCREASE
- 1 Bath
- 437 Sq Ft
436 Harrison Ave Unit 14, Panama City, FL 32401

*The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

Kristen Barr Counts Real Estate Group Inc

436 Harrison Ave Unit 14, Panama City, FL 32401
/15
$357,150
- 1 Bath
- 706 Sq Ft
436 Harrison Ave Unit 5, Panama City, FL 32401

*The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

Kristen Barr Counts Real Estate Group Inc

436 Harrison Ave Unit 5, Panama City, FL 32401
/23
$384,000

New Construction $9K PRICE DROP
- 1 Bath
- 651 Sq Ft
436 Harrison Ave Unit 7, Panama City, FL 32401

*The Mashburn Building | Historic Downtown Panama City* Experience a new chapter in Historic Downtown Panama City with The Mashburn Building--a signature four-story development designed to elevate urban living while honoring the character of downtown. This landmark project brings together modern luxury, industrial design, and the energy of a walkable city lifestyle. The third and fourth floors

Kristen Barr Counts Real Estate Group Inc

436 Harrison Ave Unit 7, Panama City, FL 32401

Florida Bay County Panama City

Why Live in Downtown

Downtown Panama City is a historic neighborhood characterized by its brick and stucco storefronts, tall glass windows, and a mix of restaurants, boutiques, and offices. The area is known for its walkability, making it easy to explore various dining options such as House of Henry, an authentic Irish pub, and Lone Star Boil House & Sports Bar, which offers regional seafood dishes. History Class Brewing Company, located in a 1930s building, provides a unique experience with local artifacts. Tarpon Dock Seafood Market is another highlight, offering a wide selection of fresh seafood. McKenzie Park, the oldest park in Bay County, hosts a weekly farmers market and annual events like the Fourth of July celebration. Housing in Downtown is limited but growing, with developments like the Mashburn Building being converted into condos. The Bay District school system serves the area, with Bay High receiving a B-plus rating and offering specialized programs in digital design and engineering. U.S. Route 98 runs through the neighborhood, providing easy access to Panama City Beach, less than 10 miles away. The Bayway bus system also has multiple stops in the area. Downtown Panama City is safer than the national average, making it a practical choice for potential residents.

Learn more about living in Downtown

Downtown Home Prices vs. Nearby Panama City, FL Neighborhoods

	Downtown	Upper Grand Lagoon	Cedar Grove	Parker
Median Home Price	$385,000	$440,950	$269,900	$289,500
Median Sale Price	$487,500	$411,000 +5% YoY	$256,000 -13% YoY	$275,000 +5% YoY
Median Single Family Price	--	$475,000	$267,000	$285,895
Median Condo Price	$379,000	$326,250	--	$240,000
Total Active Listings	6 listings	320 listings	11 listings	41 listings
Market Conditions	24 Months of Supply Buyer's Market	7 Months of Supply Buyer's Market	10 Months of Supply Buyer's Market	6 Months of Supply Buyer's Market

Frequently Asked Questions

Is Downtown a good place to live?

Downtown is a good place to live. Downtown is considered somewhat walkable and somewhat bikeable with some transit options. Downtown is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Downtown has 1 park for recreational activities. It is fairly sparse in population with 3.0 people per acre and a median age of 44. The average household income is $31,763 which is below the national average. College graduates make up 15.1% of residents. A majority of residents in Downtown are renters, with 58% of residents renting and 42% of residents owning their home. A local real estate agent serving Downtown can help you decide if this neighborhood is the right one for you. Learn more on our Downtown neighborhood guide.

Is Downtown, FL a safe neighborhood?

Downtown, FL is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.

How much do you need to make to afford a house in Downtown?

The median home price in Downtown is $385,000. If you put a 20% down payment of $77,000 and had a 30-year fixed mortgage with an interest rate of 6.67%, your estimated principal and interest payment would be $1,980 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $85K a year to afford the median home price in Downtown. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Downtown is $32K.

What are the best public schools in Downtown?

The best public schools that serve Downtown are:

Bay High School has a B Niche grade, a student teacher ratio of 20:1 and an average review score of 3.8.
Jinks Middle School has a B- Niche grade and a student teacher ratio of 18:1.
Merriam Cherry Street Elementary School has a C Niche grade and a student teacher ratio of 13:1.

What are the best private schools in Downtown?

The best private schools that serve Downtown are:

St. John Catholic Academy has a student teacher ratio of 7:1.
Holy Nativity Episcopal School has a student teacher ratio of 10:1.

What are the most popular zip codes in Downtown, Panama City, FL?

The most popular zip codes in Downtown, Panama City, FL include 32401, 32404, 32444, 32405 and 32408.

What are the most popular neighborhoods near Downtown, Panama City, FL?

The most popular neighborhoods near Downtown, Panama City, FL are Downtown North, South Panama City, Millville, Saint Andrews and East Panama City.

How to Buy a Home How to Finance a Home How to Sell a Home

Downtown Types of Homes for Sale

Downtown Real Estate

More About Living in Downtown

Homes for Sale in Nearby Neighborhoods

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