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.
  1. Listed by Larell Paradise • Engel & Volkers 30A Beaches

Property Details for 5801 Thomas Drive, Unit 1404

Subdivision
REGENCY TOWERS CONDO
MLS Sub Area
2723 - Beach - South of Grand Lagoon
Waterfront Type
Gulf
LISTING UPDATED: 11/23/2024 10:40 AM

Property Details for 5801 Thomas Drive, Unit 1404

StatusActive
MLS #958364
Days on Market82
Taxes-
HOA Fees$3,997 / quarter
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / 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
  • Absolute Longitude: 85.761814
  • Directions: Traveling East on Hwy 98 turn right onto Moylan Rd, left onto Front Beach Rd, Right onto Joan Ave, left onto Thomas Dr, in approximately 2 miles you will arrive at Regency Towers large condominium complex on your right.
  • Longitude: -85.761814
  • Latitude: 30.146757
Taxes and HOA Information
  • Assessment Fees: Yes
  • Assessment Paid: Quarterly
  • Fees Include: Accounting,Ground Keeping,Insurance,Internet Service,Management,Security,Sewer,Trash,TV Cable,Water
  • Assessment Amount: $3,997
School Information
  • Elementary School: Patronis
  • High School: Arnold
  • Middle School: Surfside
Utilities
  • Utilities: Electric
Parking
  • Garage YN: No
Property
Parking
  • Carport YN: No
Lot Information
  • Area: 27 - Bay County
  • Building Design: N/A
Property and Assessments
  • Project Facilities: BBQ Pit/Grill,Beach,Community Room,Exercise Room,Game Room,Greenhouse,Pets Allowed,Picnic Area,Pool,Short Term Rental - Allowed,Waterfront
  • Property Type: Residential
Interior and Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Type: Community
Interior Features
  • Appliances: Dishwasher,Dryer,Washer
  • Energy: AC - Central Elect
Room Information
Room Information
  • Bedroom: First
  • Master Bedroom: First
  • Rooms: Bedroom,Bunk Room,Great Room,Kitchen,Master Bedroom
Kitchen
  • Kitchen: First
Room 1
  • Dimensions: 16 x 16
  • Length: 16.0
  • Width: 16.0
  • Level: 1
  • Area: 256.0
Room 2
  • Dimensions: 30 x 20
  • Length: 30.0
  • Width: 20.0
  • Level: 1
  • Area: 600.0
Room 3
  • Dimensions: 15 x 13
  • Length: 15.0
  • Width: 13.0
  • Level: 1
  • Area: 195.0
Room 4
  • Dimensions: 17 x 15
  • Length: 17.0
  • Width: 15.0
  • Level: 1
  • Area: 255.0
Room 5
  • Dimensions: 12 x 13
  • Length: 12.0
  • Width: 13.0
  • Level: 1
  • Area: 156.0
Room 6
  • Dimensions: 12 x 9
  • Length: 12.0
  • Width: 9.0
  • Level: 1
  • Area: 108.0
Multi Family
Unit Information
  • Stories In Unit: 1
Rental
Rental Information
  • Is Subject Leased: No

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 September 3, 2024 by Engel & Volkers 30A Beaches, it's currently listed at $989,000. It has been on the market for a total of 82 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.