The Preserve Homes for Sale in Panama City Beach
A gated single-family waterfront community on Preserve Bay Boulevard in the Lower Grand Lagoon corridor, the same east-end pocket as Bay Point, Venture Out, and Treasure Cove.
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The Preserve Homes Currently for Sale
10 listings are currently for sale at The Preserve, priced from $180,900 to $8,475,000.
Opportunity
Brokerage: Century 21 AllPoints Realty, licensed real estate broker.
About The Preserve
The Preserve sits on Preserve Bay Boulevard, zip 32408 — the same Lower Grand Lagoon / east-end corridor as Bay Point, Venture Out, Treasure Cove, Magnolia Bay, and the Grand Lagoon area page.
The MLS lists this community across two phase-specific subdivision names, Preserve On The Bay Ph I and Preserve On The Bay Ph III-A. Searching "The Preserve" alone returns unrelated developments, most of them in the 30A/Walton County market, so use the phase names when cross-referencing. The search on this page already covers both phases.
Delwood Point at The Preserve
Delwood Point at The Preserve is a separate plat from Preserve on the Bay, recorded in the MLS as Delwood Point at The Preserve Phase I and sitting about eight-tenths of a mile away on Delwood View Boulevard and Delwood Park Boulevard. Despite sharing 'The Preserve' in its marketing name, it has its own street network and its own plat.
Treat it as a sibling community rather than a phase of the main Preserve. If you're comparing the two, confirm the HOA structure for each rather than assuming the shared name means shared governance — that's the detail most likely to differ.
What to Know About Buying at The Preserve
Confirm which phase a specific listing is in (Ph I vs. Ph III-A can differ in age and finish level), and confirm current HOA dues and what they cover. As with any water-adjacent property in this corridor, check flood zone and insurance costs early.