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New Luxury Community Launches on Panama City Beach’s East End

New Luxury Community Launches on Panama City Beach’s East End

PANAMA CITY BEACH, Fla., May 15, 2023 ( – Corcoran Reverie, a high-end real estate brokerage in Northwest Florida, is pleased to announce the marketing launch of the BelMar, a low-density gated community that will offer 22 single-family homes. Bel Mar means beautiful sea in Italian, and for Panama City Beach’s east end, and is the epitome of modern, coastal design.

Northwest Florida residential luxury home builder Cobalt Builders wanted BelMar homes to exude the 30A style of light, white, bright interiors, flat smooth stucco exteriors, and expansive covered patios, making it desirable for those who wish to invest in a beach community with new construction and incredible returns.

“BelMar is about living a relaxed and active coastal lifestyle,” says Carly Sosthiem of The Sostheim Group, “the impressive rental potential creates a compelling opportunity for investors.” As the exclusive listing agents on the development, The Sostheim Group believes that this allows the savvy investor to double the value added to the investment by being able to enjoy the luxurious coastal lifestyle as a second home while bringing in income

Located off Joan Avenue, close to the Grand Lagoon, BelMar is a quick three-minute ride to the beach on a golf cart, where owners and their guests can enjoy yoga at sunrise and cocktails at sunset on the World’s Most Beautiful Beaches. Signal Hill Golf Course is adjacent to the community, bringing the desirable active lifestyle to reality, and BelMar is convenient to area restaurants, entertainment venues like Ripley’s Believe It Or Not, and fun for the whole family like putt-putt golf and go-cart riding. In addition, the newly constructed Publix Sports Park is nearby, which offers a state-of-the-art experience for traveling sports teams all over the world.

The onsite sales office will open Monday, May 15, 2023, where potential new homebuyers can discuss the available homesites and floor plans at BelMar with the New Home Sales Consultants. BelMar will start accepting contracts immediately, with construction set to begin in the next few weeks on the model home. For more information, please visit

About Corcoran Reverie

Corcoran Reverie, an affiliate of Corcoran Group LLC – a leading residential real estate brokerage firm headquartered in New York City – is a locally owned high-end brokerage specializing in the luxury home market in the greater Nashville area and across Northwest Florida from Destin to Panama City and the coastal communities along 30A. With a 190+ agent team led by broker and owner Hilary Farnum-Fasth and partner Jacob Watkins with offices in 30A, Destin, Panama City, and Nashville, Corcoran Reverie was ranked the #1 office in Northwest Florida based on closed office sales volume with over $750 million in its first year as a Corcoran affiliate and has continued to exceed $1B in closed sales volume each year since affiliating. For more information on Corcoran Reverie, visit

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