5801 Thomas Drive, Unit 1404

Panama City Beach, FL 32408

$989,000
Price
4
Beds
2
Baths
2,155 Sq. Ft.
$459 / Sq. Ft.
2,155
Sq. Ft.
$459
per Sq. Ft.

Description

Stunning! Spacious! Gulf front! Penthouse! If you've ever dreamed of owning a second home on the Gulf that also generates passive income, this is an incredible opportunity. A recent appraisal valued the property at $1,070,000, with rental income projections EXCEEDING $120,000. This means you can make a sound investment while enjoying INSTANT EQUITY. Welcome to Regency Towers 1404, situated on The World's Most Beautiful Beach! This impressive penthouse features FOUR spacious bedrooms PLUS an office,...Stunning! Spacious! Gulf front! Penthouse! If you've ever dreamed of owning a second home on the Gulf that also generates passive income, this is an incredible opportunity. A recent appraisal valued the property at $1,070,000, with rental income projections EXCEEDING $120,000. This means you can make a sound investment while enjoying INSTANT EQUITY. Welcome to Regency Towers 1404, situated on The World's Most Beautiful Beach! This impressive penthouse features FOUR spacious bedrooms PLUS an office, making it an ideal retreat for families or groups. The expansive balcony offers breathtaking, direct views of the Gulf, accessible from both the living room and the master bedroom. With the capacity to accommodate up to 15 guests, this residence is perfect for entertaining. Experience luxury with high-end finishes, including Luxury Vinyl Plank flooring, Quartz countertops, a mini bar with a wine fridge, and a stunning floor-to-ceiling electric fireplace. Regency Towers' fantastic amenities include two olympic size pools- one heated year round, full service tiki bar & grill, 10 person hot tub, kiddie pool, fitness center, billiards room, community room with kitchen for hosting events, multiple picnic areas with grills, and plenty of engaging in house activities are offered year round! Beach chair rentals, jet ski rentals, and parasailing offered right here on the beach! Located just minutes from St. Andrews state park, multiple boat launches, arcades, Go kart tracks, golf cart/scooter rental, bike rental, mini golf, amusement rides, Shipwreck Island Waterpark, favorite restaurants, clothing boutiques, jet ski/boat rental, Pier Park, and engaging Nightlife! All this & more at the World's Most Beautiful Beach! Penthouses like this rarely become available, so seize this unique chance to make Regency Towers 1404 your primary residence, vacation getaway, or short-term rental investment. Don't miss out on this extraordinary opportunity!
  1. Listed by Larell Paradise • Engel & Volkers 30A Beaches

Property Details for 5801 Thomas Drive, Unit 1404

Architectural Style
High Rise
Waterfront
Yes
Waterfront Features
Gulf, Waterfront
Subdivision Name
Regency Towers
LISTING UPDATED: 11/23/2024 10:39 AM

Property Details for 5801 Thomas Drive, Unit 1404

StatusActive
MLS #761729
Days on Market93
Taxes$6,667 / year
HOA Fees$3,997 / quarter
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium / Condominium
Year Built1982
CountyBay County

Building Information for 5801 Thomas Drive, Unit 1404

Building/Complex5801 Thomas DrFloor14Stories-Residences-Pet Policy-Year Built1982

Property Information for 5801 Thomas Drive, Unit 1404

Summary
Location and General Information
  • City: Panama City Beach
  • County Or Parish: Bay
  • Directions: From Hathaway bridge take Thomas Dr all the way to the beach, make a right at the light, Regency Towers is a large high rise approximately 2 miles on your left.
  • Postal Code: 32408
  • Latitude: 30.146803
  • Longitude: -85.76176
  • State Or Province: FL
  • MLS Area Major: 03 - Bay County - Beach
  • MLS Area Minor: 0323 - Beach - South of Grand Lagoon
Taxes and HOA Information
  • Parcel Number: 32382-339-000
  • Association Fee: $3,996.57
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Association Management, Clubhouse, Cable Tv, Insurance, Internet, Legal Accounting, Pest Control, Pools, Sewer, Security, Trash, Water
  • Association: Yes
  • Tax Annual Amount: $6,667.00
  • Tax Legal Description: REGENCY TOWERS CONDO UNIT P-1404 PLAN J ORB 516 P 267 3BR 2B 1576 SQ FT ORB 4699 P 1342 BALCONY 520 SQ FT
  • Tax Year: 2023
School Information
  • Elementary School: Patronis
  • High School: Arnold
  • Middle Or Junior School: Surfside
Parking
  • Garage: No
Property
Lot Information
  • Lot Features: Waterfront
  • Lot Size Dimensions: 0x0
  • Living Area: 2155.0
  • Living Area Source: Listing Agent
Property and Assessments
  • Year Built: 1982
  • Human Modified: No
Utilities
  • Utilities: Electricity Connected, Trash Collection
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony
  • Pool Features: Electric Heat, Community
  • Association Amenities: Beach Rights, Game Room, Picnic Area
  • Community Features: Barbecue, Beach, Clubhouse, Conference Meeting Room, Fitness Center, Game Room, Gated, Park, Pool, Short Term Rental Allowed, Waterfront
  • Construction Materials: Concrete
  • Patio And Porch Features: Balcony
  • Security Features: Gated With Guard, Twenty Four Hour Security, Security Service
  • Spa Features: Community
Interior Features
  • Entry Level: 14
  • Bathrooms Full: 2
  • Bathrooms Total: 2
  • Bedrooms Total: 4
  • Furnished: Furnished
Room Information
Room 1
  • Room Area: 108.0
  • Room Description: approximate
  • Room Dimensions: 12 x 9
  • Room Length: 12.0
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 9.0
Room 2
  • Room Area: 156.0
  • Room Description: approximate
  • Room Dimensions: 12 x 13
  • Room Length: 12.0
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 13.0
Room 3
  • Room Area: 255.0
  • Room Description: approximate
  • Room Dimensions: 17 x 15
  • Room Length: 17.0
  • Room Level: First
  • Room Width: 15.0
Room 4
  • Room Area: 195.0
  • Room Description: approximate
  • Room Dimensions: 15 x 13
  • Room Length: 15.0
  • Room Level: First
  • Room Type: Primary Bedroom
  • Room Width: 13.0
Rental
Rental Information
  • Occupant Type: Tenant

Property History for 5801 Thomas Drive, Unit 1404

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5801 Thomas Drive, Unit 1404

Taxable ValueLand-Additions-Total-
Tax Record2023$6,667 ($556 / month)
Home Facts
Beds3Total Finished SqFt1,576 SqFtAbove Grade Finished SqFt1,576 SqFtStories1StyleCondominiumYear Built1982CountyBAYAPN32382-339-000

Schools near 5801 Thomas Drive, Unit 1404

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
Patronis Elementary School
PublicK to 5

Surfside Middle School
Public6 to 8

J.R. Arnold High School
Public9 to 12

A. Gary Walsingham Academy
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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5801 Thomas Drive, Unit 1404 is a condo for sale in Panama City Beach, FL 32408. This property was listed for sale on August 23, 2024 by Engel & Volkers 30A Beaches, it's currently listed at $989,000. It has been on the market for a total of 93 days and was last sold on June 14, 2023. This listing's school district is Bay. Nearby schools include Patronis Elementary School, Surfside Middle School and J.R. Arnold High School. 5801 Thomas Drive, Unit 1404 is a 4-bed, 2-bath, 2,155 sqft condo built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Engel & Volkers 30A Beaches

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.