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Greenwood Estates III

7813 N Lagoon Dr, Panama City Beach, FL 32407-5256 · Bay County, Florida

Records checked against state databases: October 12, 2026 · auto-refreshed weekly
🌊 Flood zone X (shaded) — moderate risk

✅ SIRS filing found in the state database

We found 2 different SIRS filings (2 submissions in all) matching this building's name in DBPR's public SIRS reporting database (submitted July 2025 or later), as retrieved October 12, 2026. The state's list only shows that a filing was made, not what the study found or how well the reserves are funded. Records are matched by name and county; verify details against the official database.

State Registration Record

Official condominium nameGREENWOOD ESTATES III, A CONDO
DBPR project numberPR1M004747
Declared units4
First recorded12/07/1983
Registration statusApproved Recorded
Managing entityGREENWOOD ESTATES MASTER CONDO ASSN INC
Filed asGREENWOOD ESTATES VI A CONDO (Panama City Beach) — July 2025 or later
Filed asGREENWOOD ESTATES VII A CONDO (Panama City Beach) — July 2025 or later

Questions about Greenwood Estates III

Has Greenwood Estates III filed its structural integrity reserve study (SIRS)?

Yes. As of October 12, 2026, we found 2 different SIRS filings (2 submissions in all) matching Greenwood Estates III in the Florida DBPR's public SIRS reporting database. Matches are made by name and county, so confirm the details with the association or in the official database.

What flood zone is Greenwood Estates III in?

FEMA's flood map places Greenwood Estates III in zone X, a moderate-risk area (the shaded X zone, outside the 100-year floodplain). The zone is matched to the building's mapped location; an elevation certificate or FEMA's Flood Map Service Center can confirm it for a specific unit.

How many units does Greenwood Estates III have?

The Florida condominium registry lists 4 declared units for Greenwood Estates III, first recorded on 12/07/1983.

Does Greenwood Estates III need a milestone inspection?

Florida requires a milestone inspection of condominium buildings three habitable stories or more by December 31 of the year a building turns 30 (25 where the local building department requires it), then every 10 years. The condominium declaration for Greenwood Estates III was first recorded in 1983, so if its buildings are three or more stories they reached the 30-year mark around 2013. The building itself can be older, for example after an apartment conversion. The association must give owners the inspector's summary, and a seller must give it to a buyer.

Who manages Greenwood Estates III?

The Florida DBPR registry lists Greenwood Estates Master Condo Assn Inc as the managing entity.

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Sources

Florida DBPR Condominium Registry extracts and SIRS Reporting Database, retrieved October 12, 2026. What is a SIRS? Official DBPR explanation.