Aqua Condominium in Panama City Beach has held its value more consistently than other Gulf-front buildings since the market peaked in 2022, according to MLS sales data covering more than 490 closed transactions at the building since it opened in 2007.
The 22-story Gulf-front tower at 15625 Front Beach Road shows the widest gap in the 3-bedroom segment. Two Aqua 3-bedroom floor plans tracked against 3-bedroom units at Edgewater and Panama City Beach neighbor Sunrise Beach. The Aqua XX03 floor plan, at 1,594 square feet, is down 14.6% from its peak sale of $1,065,000. The XX02 floor plan, at 1,716 square feet, actually set an all-time high of $1,140,000 in March 2026. At Edgewater, the 3-bedroom floor plan has dropped 40.1% from its September 2022 peak, with a last sale of $500,000 in October 2025. Sunrise Beach’s 1,577-square-foot 3-bedroom is off 22.6%.
Aqua’s 1-bedroom units tell a similar story. Aqua’s three 1-bedroom floor plans peaked in 2023, a year later than most Gulf-front buildings, and have pulled back only 9% to 12% from those highs. Shores of Panama’s 1-bedroom floor plan is down more than 40% from its 2022 peak, with recent sales settling near $285,000 to $350,000.
Only three Aqua units have sold in 2026 so far. One 1-bedroom closed in June at $575,000. Two 3-bedrooms closed earlier in the year at $910,000 and $1,140,000. The full Aqua sales history going back to 2007 is available at Panama Beach Realty, including a breakdown of every recorded sale by floor plan. For active listings, see Panama City Beach condos for sale.
PCB-411, a Panama City Beach community news site, also covered the Aqua 2026 sales figures alongside local market context.
Christopher Arnold serves as a real estate broker and the owner of Waterview Property Group, located in Panama City Beach, Florida. He possesses extensive expertise in the local condominium market and specializes in representing both buyers and sellers while prioritizing their interests through impartial, objective guidance. He has extensive experience in condo sales, both pre-construction and resale. He is widely recognized for his exceptional understanding of all facets of condominium associations, from reserve studies and special assessments to Milestone Inspections. With extensive experience as a condo board member, board president, board treasurer, and in condo association management, Christopher delivers practical, on-the-ground market insight into Florida’s rapidly changing condominium environment.
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