7420 Thomas Drive

Panama City, FL 32408

$999,999
Price
3
Beds
2,375 Sq. Ft.
$421 / Sq. Ft.
2,375
Sq. Ft.
$421
per Sq. Ft.

Description

If you're looking to own and profit on Panama City Beach, this three-story turn-key vacation home has no HOAs and a projected rental income of over $100,000 a year and is priced to sell. You and your up to 16 guests will enjoy Gulf views, a private fenced-in pool, and the convenience of being only steps from the sandy beach. Take in the Gulf views from the 3rd story 25' x 18' Balcony. Located across the street from Rick Seltzer Park, your views will never change. Enter through the front door from...If you're looking to own and profit on Panama City Beach, this three-story turn-key vacation home has no HOAs and a projected rental income of over $100,000 a year and is priced to sell. You and your up to 16 guests will enjoy Gulf views, a private fenced-in pool, and the convenience of being only steps from the sandy beach. Take in the Gulf views from the 3rd story 25' x 18' Balcony. Located across the street from Rick Seltzer Park, your views will never change. Enter through the front door from the front covered porch to find the open-concept first-story living room, dining, and kitchen with a fireplace, 11' ceilings, crown molding, and tile floors. The kitchen has granite countertops, an island with a breakfast bar, solid wood cabinets, stainless steel appliances, and a large walk in pantry. As you continue walking to the back of the first floor you will find a full sized laundry room, a full bathroom with granite countertops and a shower/tub combo, and a bedroom with a large walk-in closet with private access to the full sized bathroom. A side door at the foot of the stairs leads to your private walkway to the gated, fully fenced private backyard with a pool, excellent for vacationers who love to swim in a pool as well as the Gulf. As you return inside, start up to the 2nd floor, turn to your right, and you will find the master bedroom with two closets, a private balcony with Gulf views, and an ensuite with granite countertops, a soaking/jetted jacuzzi tub, and a walk-in shower with glass doors. An additional bedroom on the second floor has an owner's closet, a full-sized bathroom with granite countertops, and a shower-tub combo. Continue to the 3rd floor to find a second living room with 11' ceilings, tile floors, a wet bar with granite countertops, a half bath with granite countertops, two large sofas (one is a sleeper sofa), and a bunk bed, making this a hub of entertainment for your guest. From this room, you can access the large 25' x 18' deck with beautiful never, changing Gulf views; this deck has a weather-resistant table and chairs for those sunset dining sessions. The exterior is equipt weatherproof decking and Hardie Board siding to keep the exterior maintenance low for years to come. This property is a beautiful unit inside and out, fully furnished and turn-key. The park across the street allows access to the beach and is equipped with restrooms/showers, a lifeguard, and is accessed from the crosswalk a few feet from this beach house, so traffic will stop for you when you are ready to get to the beach and listen to the waves. Enjoy being conveniently located close to many attractions, including many restaurants, amusement parks, shopping, boating, marinas, bike rentals, St. Andrews State Park, and much more. With this reasonably priced three-story beach house investment property, you can have it all in Panama City Beach.
  1. Listed by Melany Hathcock • CENTURY 21 Ryan Realty Inc

Property Details for 7420 Thomas Drive

Architectural Style
Coastal
Waterfront
No
Parking Features
Driveway, Gravel
Subdivision Name
Holiday Beach Unit 16
View
Gulf
Zoning Description
Resid Single Family
View
Yes
LISTING UPDATED: 01/30/2025 11:58 AM

Property Details for 7420 Thomas Drive

StatusActive
MLS #765183
Days on Market73
Taxes$6,160 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Detached / Detached
Year Built2005
Lot Size0.07 AC / 3,049 SF
CountyBay County

Building Information for 7420 Thomas Drive

Stories3Year Built2005Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 7420 Thomas Drive

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: From Joan Ave turn left onto Thomas Drive, drive 1.1 miles make a U-turn at Walnut Street, 7420 Thomas is on the right.
  • Postal Code: 32408
  • Latitude: 30.160386
  • Longitude: -85.777574
  • 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: 30808-431-010
  • Association: No
  • Tax Annual Amount: $6,160.00
  • Tax Legal Description: HOLIDAY BEACH UNIT #16 W 1/2 LOT 4 (4.02) BLK 17 ORB 3697 P 1331
  • Tax Year: 2023
School Information
  • Elementary School: Patronis
  • High School: Arnold
  • Middle Or Junior School: Surfside
Parking
  • Garage: No
  • Other Parking: Driveway Spaces:4.00
Property
Lot Information
  • Lot Features: Landscaped
  • Lot Size Acres: 0.07
  • Lot Size Dimensions: 116 x 24
  • Lot Size Square Feet: 2962.0
  • Living Area: 2375.0
  • Living Area Source: Appraiser
Property and Assessments
  • Year Built: 2005
  • Property Attached: No
  • Human Modified: No
Utilities
  • Sewer: Septic Tank
  • Utilities: Septic Available
Interior and Exterior Features
Exterior Features
  • Fencing: Fenced
  • Pool Features: Fenced, In Ground, Salt Water
  • Community Features: Short Term Rental Allowed
  • Construction Materials: Hardiplank Type, Metal Siding
  • Patio And Porch Features: Balcony
Interior Features
  • Stories Total: 3
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total: 4
  • Bedrooms Total: 3
  • Cooling: Yes
  • Cooling: Central Air
  • Furnished: Partially
  • Appliances: Bar Fridge, Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator, Trash Compactor, Warming Drawer, Washer
  • Fireplace: Yes
  • Interior Features: Wet Bar, Breakfast Bar, Cathedral Ceilings, Coffered Ceilings, Fireplace, High Ceilings, Kitchen Island, Pantry, Recessed Lighting, Vaulted Ceilings
Room Information
Room 1
  • Room Area: 414.0
  • Room Dimensions: 23 x 18
  • Room Length: 23.0
  • Room Level: Third
  • Room Width: 18.0
Room 2
  • Room Area: 306.0
  • Room Dimensions: 18 x 17
  • Room Length: 18.0
  • Room Level: Third
  • Room Type: Bonus Room
  • Room Width: 17.0
Room 3
  • Room Area: 132.0
  • Room Dimensions: 12 x 11
  • Room Length: 12.0
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 11.0
Room 4
  • Room Area: 224.0
  • Room Dimensions: 16 x 14
  • Room Length: 16.0
  • Room Level: Second
  • Room Type: Primary Bedroom
  • Room Width: 14.0
Room 5
  • Room Area: 243.0
  • Room Dimensions: 18 x 13.5
  • Room Length: 18.0
  • Room Level: Second
  • Room Type: Primary Bathroom
  • Room Width: 13.5
Room 6
  • Room Area: 132.0
  • Room Dimensions: 12 x 11
  • Room Length: 12.0
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 11.0
Room 7
  • Room Area: 216.0
  • Room Description: Kitchen and Dinning Room Combo
  • Room Dimensions: 18 x 12
  • Room Length: 18.0
  • Room Level: First
  • Room Type: Kitchen
  • Room Width: 12.0
Room 8
  • Room Area: 450.0
  • Room Dimensions: 25 x 18
  • Room Length: 25.0
  • Room Level: First
  • Room Type: Living Room
  • Room Width: 18.0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 1
Rental
Rental Information
  • Occupant Type: Tenant

Property History for 7420 Thomas Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7420 Thomas Drive

Taxable ValueLand$76,337Additions$457,824Total$534,161
Tax Record2024$6,373 ($531 / month)
Home Facts
Beds3Total Finished SqFt2,375 SqFtAbove Grade Finished SqFt2,375 SqFtStories3Lot Size2,962 SqFtStyleSingle Family ResidenceYear Built2005Year Renovated2015CountyBAYAPN30808-431-010

Schools near 7420 Thomas Drive

This home is within Bay.
Rating
School
Type
Grades
Distance
Patronis Elementary School
Public - K to 5
Surfside Middle School
Public - 6 to 8
J.R. Arnold High School
Public - 9 to 12
A. Gary Walsingham Academy
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.

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More information about 7420 Thomas Drive, Panama City, FL 32408

7420 Thomas Drive is a single family home for sale in Panama City, FL 32408. This property was listed for sale on November 18, 2024 by CENTURY 21 Ryan Realty Inc, it's currently listed at $999,999. It has been on the market for a total of 73 days and was last sold on May 1, 2015. This listing's school district is Bay. Nearby schools include Patronis Elementary School, Surfside Middle School and J.R. Arnold High School. 7420 Thomas Drive is a 3-bed, 3.5-bath, 2,375 sqft single family home built in 2005.

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.

Listing Courtesy of CENTURY 21 Ryan Realty Inc

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© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.