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Dream Destin Realty

Panama City Beach · Neighborhood

Margaritaville Cottages Homes for Sale

Margaritaville Cottages is a neighborhood of homes built in 2023 off Front Beach Road in Panama City Beach. Phase 1 holds single-family homes of 4,230 to 5,425 square feet on lots of 8,059 to 9,322 square feet, while Phases 2 and 3 sit on lots of 2,396 to 3,136 square feet with 2,150 to 3,571 square feet of living area. Phase decides a great deal here: all 15 Phase 1 parcels intersect FEMA's coastal zone VE at a 15-foot base flood elevation, while Phases 2 and 3 map as zone X.

Updated

  • Short-Term Rental Eligible

Short-term rentals: allowed. Confirm the current minimum stay and registration with the association.

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Living in Margaritaville Cottages

The county's platted-subdivision layer carries three outlines named Panama City Beach Resort Margaritaville Cottages: Phase 1 at Plat Book 28, page 91, Phase 2 at Plat Book 28, page 94 and Phase 3 at Plat Book 30, page 1. Together they enclose roughly 11 acres along Front Beach Road in ZIP 32413, and the county's municipal layer puts the interior point of all 72 parcels inside the City of Panama City Beach. The state tax roll files each of those parcels under the legal description Panama City Beach Resort.

Phase 1 is 15 parcels at odd Front Beach Road numbers 13635 through 13661: 14 single-family lots of 8,059 to 9,322 square feet, carrying 4,230 to 5,425 square feet of living area on the roll, plus one common-area parcel. Phase 2 is 17 parcels, with Front Beach Road numbers 13632 through 13664 on the even side and a common-area parcel on Sandy Toes Way: 8 single-family lots of 2,570 to 3,136 square feet and 8 parcels the county still classes as vacant, each with a PCB Marg Development owner line. Phase 3 is 40 parcels along Paradise Found Circle, Banana Wind Way and Sandy Toes Way: 37 dwelling-coded lots of 2,396 to 2,657 square feet and three parcels that are not homes.

All 59 dwelling-coded parcels show a 2023 improvement year, so build date does not separate one Margaritaville Cottages home from another. The roll also lists 43 unit parcels at 140 Paradise Found Circle under a legal description beginning Surf Bungalow at, with parcel numbers starting 40001-605. Their interior points fall outside the three plat outlines, which makes them a different record group.

On FEMA's national flood layer, map panel 12005C0303J effective October 24, 2024, all 15 Phase 1 parcels intersect the coastal high-hazard zone VE with a base flood elevation of 15 feet (NAVD88), and the 57 parcels of Phases 2 and 3 map as zone X, minimal flood hazard. Bay County's own flood layer shows VE at 11 and 13 feet for Phase 1 and no zone for the other two phases, so this page follows the FEMA layer.

A Phase 1 house on its large Front Beach Road lot and a Phase 3 house on Banana Wind Way or Paradise Found Circle rarely belong in one comparison, so sort sales by phase before reading the Margaritaville Cottages market analytics. Inventory from the rest of the city is under Panama City Beach real estate, and the index of more Panama City Beach neighborhoods carries guides to plats in unincorporated Bay County as well as inside the city.

HOA & Fees

What is the HOA fee at Margaritaville Cottages?

As of November 13, 2026, Margaritaville Cottages homes for sale that report a fee on the MLS list these HOA fees:

  • Single-family homes: $100 to $742 a month, median $592 (5 listings)

Fees vary by home type and section. Some homes also belong to a sub-association for their section, and a listing's fee may cover only one association, so confirm every association a home belongs to and what each one charges.

Based on 5 active MLS listings that report an HOA fee. Fees billed quarterly, twice a year or yearly are shown as a monthly equivalent.

Live Inventory

Homes for Sale in Margaritaville Cottages

5

Active Listings

$1.85M

Median List Price

$699

Avg Price / Sqft

Live from today's Margaritaville Cottages MLS file. This count covers condos, townhomes and single-family homes only, the same dwelling basis the market page uses, so lots and land are left out. The median and $/sq ft beside it cover the same 5 listings.

LuxuryShort-Term Rental Eligible

$2,200,000

13650 Front Beach Road

Panama City Beach, FL 32413

5 bd 4.5 ba 3,176 sqft
LuxuryShort-Term Rental Eligible

$1,850,000

13662 Front Beach Road

Panama City Beach, FL 32413

5 bd 4.5 ba 2,943 sqft
Price ReducedLuxuryShort-Term Rental Eligible

$1,500,000

105 Paradise Found Circle

Panama City Beach, FL 32413

5 bd 4.5 ba 2,770 sqft
Short-Term Rental Eligible

$574,900

140 Paradise Found Circle Unit 25

Panama City Beach, FL 32413

1 bd 2 ba 816 sqft
LuxuryShort-Term Rental Eligible

$3,695,000

13657 Front Beach Road

Panama City Beach, FL 32413

6 bd 6.5 ba 3,990 sqft

The short-term rental badge above is not a permission of record. It reflects the MLS short-term-rental field where a listing discloses one, and otherwise where the home sits. Confirm the association's current rules and the local registration requirement before relying on it.

Local Answers

Margaritaville Cottages FAQ

How much is the HOA fee at Margaritaville Cottages?

As of November 13, 2026, Margaritaville Cottages homes for sale that report a fee on the MLS list these HOA fees: single-family homes, $100 to $742 a month, median $592 (5 listings). Fees vary by home type and section. Some homes also belong to a sub-association for their section, and a listing's fee may cover only one association, so confirm every association a home belongs to and what each one charges.

Who governs the Margaritaville Cottages common areas, and where are the rules recorded?

Phase 1 and Phase 2 each include a common-area parcel, the Phase 2 one on Sandy Toes Way, but the tax roll does not show who governs them or what private rules apply. The plats are recorded at Plat Book 28, page 91 for Phase 1, Plat Book 28, page 94 for Phase 2 and Plat Book 30, page 1 for Phase 3, holding 15, 17 and 40 parcels. Ask the Bay County clerk for those plats and any declaration recorded against them.

Which Margaritaville Cottages homes sit in the FEMA VE flood zone?

The 14 Phase 1 homes at Front Beach Road numbers 13635 through 13661, along with the Phase 1 common-area parcel. On FEMA's layer they intersect zone VE at a 15-foot base flood elevation, while Phases 2 and 3 map as zone X. A parcel result is a map reading and does not replace an elevation certificate.

Are the vacant lots between 13632 and 13646 Front Beach Road part of Margaritaville Cottages?

They fall inside the Phase 2 outline. The county classes all 8 as vacant, and the roll shows PCB Marg Development, LLC as owner on each one today. Ownership changes with every recorded sale, so check the current roll line before relying on it. The state roll gives the 13646 parcel a 2023 improvement year while the county class still reads vacant, so only a site visit settles what stands there.

Are the Surf Bungalows on Paradise Found Circle part of Margaritaville Cottages?

The county files them separately. Forty-three unit parcels numbered 40001-605 share the address 140 Paradise Found Circle, and their interior points lie outside the three plat outlines. The roll alone cannot say which of the two names a given listing carries.

How do Margaritaville Cottages lot sizes compare from Phase 1 to Phase 3?

Phase 1 lots measure 8,059 to 9,322 square feet. Phase 2 lots measure 2,570 to 3,136 square feet, and Phase 3 lots measure 2,396 to 2,657 square feet. That gap is the reason the three phases need separate comparison sets.

Can a home in Margaritaville Cottages be rented, and which rules apply?

Rentals go unmentioned in the tax roll and the plat layer. All 72 parcels sit inside the City of Panama City Beach on the county's municipal layer, which makes the city's planning office the place to ask about zoning; private limits, if any, would be in documents recorded against the plats in Plat Book 28 and Plat Book 30.

Explore the Area

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Sources

Margaritaville Cottages Market Analytics

Sale prices, trends, days on market, and inventory - refreshed monthly from MLS data.

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