All Forum Posts by: Justin Allen

I own two condos in PCB. Both  in the shores of panama.  There are a three things that I dislike about PCB compared to other gulf coast towns.

#1. The seasonality is extreme.  A condo making 400-500 a night in peak plummets to 80-90 night in the off season.  Even at that low rate there is substantial vacancy.

#2. The partying. Despite what your realtor may tell you about the decrease in partying, it's not true.  There are numerous facebook groups dedicated to PCB condo owners that are rife with discussion about major party events geared toward college kids.  Do a google search on Panamaniac part 2.

#3. The HOA's...if you buy a condo with a poorly managed HOA, it does not matter how great an experience you provide in your unit, if the association does not manage the basic facility amenities well (ie elevators, pools, parking garage) your reviews will suffer.

If you are sold on PCB, try to stay out of the condos.  Another option to consider is going a bit further west to Destin, or even as far as Biloxi.  We own two in Biloxi and while they don't command as high a rate, the vacancy is less, prices are lower and the crowd more genteel.  Biloxi was also listed in Air DNA's top 10 upcoming markets.