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Downtown North Townhomes for Sale

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  • 1116 Mercedes Ave Unit C, Panama City, FL 32401
    1116 Mercedes Ave Unit C, Panama City, FL 32401
    1116 Mercedes Ave Unit C, Panama City, FL 32401
    /3

    $190,000 New Construction

    • 2 Beds
    • 2 Baths
    • 933 Sq Ft

    1116 Mercedes Ave Unit C, Panama City, FL 32401

    Step inside this brand-new townhome at 1116 Mercedes Ave in Panama City and enjoy modern living just minutes from the coast. Offering nearly 1,000 square feet of thoughtfully designed space, this home features a bright living and dining area, a contemporary kitchen, two bedrooms, two full bathrooms, and a convenient laundry area. A private driveway provides dedicated parking, and the fresh

    JAMIE KITZMILLER Think Real Estate

    1116 Mercedes Ave Unit C, Panama City, FL 32401
  • 1116 Mercedes Ave Unit B, Panama City, FL 32401
    1116 Mercedes Ave Unit B, Panama City, FL 32401
    1116 Mercedes Ave Unit B, Panama City, FL 32401
    /3

    $190,000 New Construction

    • 2 Beds
    • 2 Baths
    • 933 Sq Ft

    1116 Mercedes Ave Unit B, Panama City, FL 32401

    Step inside this brand-new townhome at 1116 Mercedes Ave in Panama City and enjoy modern living just minutes from the coast. Offering nearly 1,000 square feet of thoughtfully designed space, this home features a bright living and dining area, a contemporary kitchen, two bedrooms, two full bathrooms, and a convenient laundry area. A private driveway provides dedicated parking, and the fresh

    JAMIE KITZMILLER Think Real Estate

    1116 Mercedes Ave Unit B, Panama City, FL 32401
  • 1116 Mercedes Ave Unit A, Panama City, FL 32401
    1116 Mercedes Ave Unit A, Panama City, FL 32401
    1116 Mercedes Ave Unit A, Panama City, FL 32401
    /3

    $190,000 New Construction

    • 2 Beds
    • 2 Baths
    • 933 Sq Ft

    1116 Mercedes Ave Unit A, Panama City, FL 32401

    Step inside this brand-new townhome at 1116 Mercedes Ave in Panama City and enjoy modern living just minutes from the coast. Offering nearly 1,000 square feet of thoughtfully designed space, this home features a bright living and dining area, a contemporary kitchen, two bedrooms, two full bathrooms, and a convenient laundry area. A private driveway provides dedicated parking, and the fresh

    JAMIE KITZMILLER Think Real Estate

    1116 Mercedes Ave Unit A, Panama City, FL 32401
Florida Bay County Panama City Downtown North

Townhomes for Sale in Downtown North, Panama City

Why Live in Downtown North
Downtown North in Panama City is a neighborhood experiencing significant growth, largely due to the nearby Tyndall Air Force Base's extensive rebuild following Hurricane Michael in 2018. This area features a mix of early 20th-century homes and new constructions, with Craftsman-style architecture being prevalent. Homes typically range from 900 to 2,000 square feet and sit on lots between one-tenth and one-fifth of an acre. The Bay District school system serves the area, with Bay High offering various programs and receiving high ratings. Residents have convenient access to U.S. Route 98, connecting them to Panama City Beach and Tyndall Air Force Base, both about 10 miles away. Public transportation is available via the Bayway bus system. Local features include Al Helms Dog Park and Asbell Park, which offers a sandy beach and relaxing beach chairs. Harrison Avenue and Martin Luther King Jr. Boulevard are the main commercial streets, home to eateries like Downtown Slice House and Josiah's Southern Cooking. For more extensive shopping, 23rd Street provides big-box retailers and chain restaurants. The neighborhood remains a focal point for community events, with McKenzie Park in nearby Downtown Panama City hosting a weekly farmers market and annual Fourth of July celebrations.
Learn more about living in Downtown North

Home Trends in Downtown North, FL

On average, homes in Downtown North, Panama City sell after 57 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown North, Panama City over the last 12 months is $208,500, up 28% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$208,500
Median Single Family Sale Price
$229,000
Median Townhouse Sale Price
$190,000
Average Price Per Sq Ft
$188
Number of Homes for Sale
30
Last 12 months Home Sales
34
Months of Supply
10.60
Median List Price
$242,450
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
28%
How to Buy a Home How to Finance a Home How to Sell a Home

In Downtown North, there are currently 3 townhouses for sale, offering a variety of options for potential buyers. With townhouses ranging from $190,000 to $190,000, there's something for every budget. As of September, 2025 the median home price in Downtown North, Panama City is $242,450, while the average sale price is $212,005, providing insight into local market trends. On average, townhouses spend 57 days on the market before being sold. Whether you're interested in modern townhouses, small townhomes, or traditional rowhouses, there are options available to suit your needs. Browse properties and townhomes for sale in Downtown North, Panama City, and discover the ideal residence to fit your needs.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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