Panama City Beach has experienced a makeover in the past five years, turning older, smaller buildings into beautiful, amenity-filled resort communities and peaceful, tree-lined neighborhoods. Real estate has become a valuable commodity here on the beach, with many styles of dwellings for singles, couples, families and empty nesters. The City of Panama City Beach is roughly 13 square miles with:
• 11,651 permanent residents
• 16,802 housing units
• 4,200 single family units
• 12,382 multi units
• 220 mobile homes
A growing trend in Panama City Beach is the concept of Splitters - people having two primary residences. More and more visitors who discover the beauty and charm of Panama City Beach while on vacation have decided to make this their home, or second home. Another buzzword is "Attainable Housing," deŽscribing housing that is affordable to moderate-income individuals as opposed to the stigma of low-income associated with "affordable housing." Panama City Beach offers many new real estate choices under $250,000. As of March 2008 there were 700 homes with prices starting at $144,900 in Panama City Beach, with a minimum of 3 bed/2 bath, not older than 1980, and at least 1,200 square feet of heated and air conŽditioned living area. Numerous subdivisions all over Panama City Beach have quick and easy access to the beach, the new airport and Pier Park.