2025 Special Assessments in Panama City Beach

[Christopher Arnold]

Milestone Inspections and Structural Integrity Reserve Studies Leading to Special Assessments in Panama City Beach

I wanted to shed some light on the situation with special assessments in Panama City Beach for 2025. Yes, we are experiencing some assessments here, but the scale is considerably smaller than in South Florida.

For instance, Ramsgate Harbor is currently voting on an $85,000 special assessment this month, while others are seeing assessments under $10,000. We anticipate announcements of larger assessments at some of the major resorts later this year. These assessments are part of several elements affecting the market of Panama City Beach condos for sale.
Association dues have surged by over 50% in the last five years, which has led to notable price drops in certain buildings, whereas others remain unaffected. We've even observed some capitalization rates dipping into negative territory.
Despite these changes, the condo market in Panama City Beach remains distinct from that in South Florida, where condos are predominantly owned by primary residents.

Here is a larger article covering the 2025 Special Assessments on condos in Panama City Beach.

Here is a market update showing prices falling more than 15% from the second to fourth quarter of 2024.