5300 Thomas Drive

Panama City, FL 32408

$2,199,000
Price
10
Beds
8
Baths
2
1/2 Baths
4,652 Sq. Ft.
$473 / Sq. Ft.
4,652
Sq. Ft.
$473
per Sq. Ft.

Description

Embark on an investment journey with this eye-catching duplex, where the allure of Panama City Beach comes to life. This property offers breathtaking water vistas from its upper level and a spacious layout with five bedrooms on each side, plus additional bunk rooms, totaling 10 rooms alongside two bunk areas. Perfect for accommodating various group sizes, it ensures a comfortable and memorable stay for all guests. Step outside to enjoy the exclusive pool, a serene oasis just moments from your living...Embark on an investment journey with this eye-catching duplex, where the allure of Panama City Beach comes to life. This property offers breathtaking water vistas from its upper level and a spacious layout with five bedrooms on each side, plus additional bunk rooms, totaling 10 rooms alongside two bunk areas. Perfect for accommodating various group sizes, it ensures a comfortable and memorable stay for all guests. Step outside to enjoy the exclusive pool, a serene oasis just moments from your living space. With rental income projections ranging from $260,000 to $280,000, this duplex stands out as a premier investment opportunity in a coveted locale. Positioned merely a block from several beach accesses and two blocks from the famed Schooners seafood restaurant, the location is unbeatable. The interior boasts tasteful designs and high-end finishes curated by a local interior designer, featuring durable LVP flooring, sleek stainless steel appliances, a washer/dryer set, elegant quartz countertops, smooth soft-close cabinetry, stylish tile showers, and more. Offered fully furnished as depicted, this duplex is ready to start generating income from day one.

Property Details for 5300 Thomas Drive

Architectural Style
Duplex
Waterfront
No
Parking Features
Driveway
Subdivision Name
Gulf Lagoon Beach
View
Gulf
Zoning Description
Commercial
View
Yes
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LISTING UPDATED: 04/22/2024 09:29 AM

Property Details for 5300 Thomas Drive

StatusActive
MLS #755937
Days on Market80
Taxes$2,520 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Duplex / Duplex
Year Built2024
Lot Size0.19 AC / 8,140 SF
CountyBay County
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Building Information for 5300 Thomas Drive

Stories3Residences-Year Built2024Building Size-Lot Size0.19 AC / 8,140 SF

Payment Calculator

$12,211 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,001

Property Taxes

$210

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5300 Thomas Drive

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: If coming from the Halfway bridge turn onto Thomas Drive and all the way until it almost runs into the water and keep following it to the right at the light. It will be on the right hand side right after Irwin street.
  • Postal Code: 32408
  • Latitude: 30.143047
  • Longitude: -85.75456
  • State Or Province: FL
  • Road Frontage Type: City Street
  • MLS Area Major: 03 - Bay County - Beach
  • MLS Area Minor: 0323 - Beach - South of Grand Lagoon
Taxes and HOA Information
  • Parcel Number: 32376-020-000
  • Association: No
  • Tax Annual Amount: $2,520.00
  • Tax Legal Description: GULF LAGOON BEACH LOT 4 & PART OF LOT 5 BLK 18 (6.02) ORB 4496 P 994
  • 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 Size Dimensions: 74X110
  • Living Area: 4652.0
  • Living Area Source: Plans
  • Structure Type: Duplex
Property and Assessments
  • Year Built: 2024
  • Human Modified: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Fence, Sprinkler Irrigation, Pool, Porch
  • Pool Features: Private, Pool
  • Community Features: Short Term Rental Allowed
  • Construction Materials: Hardi Plank Type
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony, Covered, Patio, Porch
  • Pool Private: Yes
  • Security Features: Fire Sprinkler System, Smoke Detectors
  • Roof: Metal
Interior Features
  • Stories Total: 3
  • Flooring: Plank, Vinyl
  • Bathrooms Full: 8
  • Bathrooms Half: 2
  • Bathrooms Total: 10
  • Bedrooms Total: 10
  • Cooling: Yes
  • Cooling: Central Air
  • Heating: Yes
  • Heating: Central, Electric
  • Furnished: Furnished
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Interior Features: Kitchen Island, New Paint
  • Window Features: Storm Windows
Room Information
Room 1
  • Room Area: 109.14
  • Room Dimensions: 10.2 x 10.7
  • Room Length: 10.2
  • Room Level: Third
  • Room Type: Bedroom
  • Room Width: 10.7
Room 2
  • Room Area: 109.14
  • Room Dimensions: 10.2 x 10.7
  • Room Length: 10.2
  • Room Level: Third
  • Room Type: Bedroom
  • Room Width: 10.7
Room 3
  • Room Area: 193.75
  • Room Dimensions: 15.5 x 12.5
  • Room Length: 15.5
  • Room Level: Third
  • Room Type: Bedroom
  • Room Width: 12.5
Room 4
  • Room Area: 63.0
  • Room Dimensions: 7 x 9
  • Room Length: 7.0
  • Room Level: Second
  • Room Width: 9.0
Room 5
  • Room Area: 131.56
  • Room Dimensions: 14.3 x 9.2
  • Room Length: 14.3
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 9.2
Room 6
  • Room Area: 168.19
  • Room Dimensions: 12.1 x 13.9
  • Room Length: 12.1
  • Room Level: Second
  • Room Type: Primary Bedroom
  • Room Width: 13.9
Room 7
  • Room Area: 109.14
  • Room Dimensions: 10.2 x 10.7
  • Room Length: 10.2
  • Room Level: Third
  • Room Type: Bedroom
  • Room Width: 10.7
Room 8
  • Room Area: 109.14
  • Room Dimensions: 10.2 x 10.7
  • Room Length: 10.2
  • Room Level: Third
  • Room Type: Bedroom
  • Room Width: 10.7
Room 9
  • Room Area: 193.75
  • Room Dimensions: 15.5 x 12.5
  • Room Length: 15.5
  • Room Level: Third
  • Room Type: Bedroom
  • Room Width: 12.5
Room 10
  • Room Area: 63.0
  • Room Dimensions: 7 x 9
  • Room Length: 7.0
  • Room Level: Second
  • Room Width: 9.0
Room 11
  • Room Area: 131.56
  • Room Dimensions: 14.3 x 9.2
  • Room Length: 14.3
  • Room Level: Second
  • Room Type: Bedroom
  • Room Width: 9.2
Room 12
  • Room Area: 168.19
  • Room Dimensions: 12.1 x 13.9
  • Room Length: 12.1
  • Room Level: Second
  • Room Type: Primary Bedroom
  • Room Width: 13.9
Rental
Rental Information
  • Occupant Type: Vacant

Property History for 5300 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 5300 Thomas Drive

Taxable ValueLand$201,546Additions-Total$201,546
Tax Record2023$2,520 ($210 / month)
Home Facts
Beds2Stories2Lot Size8,140 SqFtStyleMiscellaneous Vacant LandZoningBC03CountyBAYAPN32376-020-000

Schools near 5300 Thomas Drive

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

J.R. Arnold High School
PublicPK to 12

Surfside Middle School
Public6 to 8

St. Andrew School
PublicPK to 5

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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5300 Thomas Drive is a multi-family home for sale in Panama City, FL 32408. This property was listed for sale on April 19, 2024, it's currently listed at $2,199,000. It has been on the market for a total of 80 days and was last sold on December 2, 2021. This listing's school district is Bay. Nearby schools include Patronis Elementary School, J.R. Arnold High School and Surfside Middle School. 5300 Thomas Drive is a 10-bed, 9-bath, 4,652 sqft multi-family home built in 2024.

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. No financial or legal advice provided. Equal Housing Opportunity.

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.