$7,469

closing credit¹

4715 Thomas Dr Unit 605D Panama City Beach, FL 32408

$629,000
3 beds
3 full
1,404 sqft
$448 / sqft
Condo

Property details

About 4715 Thomas Dr Unit 605D

Investor alert! This 3-bedroom, 3-bathroom Gulf-front condo at The Commodore is a rare opportunity to own a prime income-producing property on the far east end of Panama City Beach. Featuring a separate lock-out unit, this condo offers unparalleled flexibility--rent the entire unit or split it into two rentals to maximize occupancy and income potential.Designed with rental appeal in mind, this condo offers two Gulf-facing primary bedrooms with balcony access and en-suite bathrooms, ensuring every guest enjoys breathtaking water views. The spacious third bedroom is perfect for families, featuring two sets of bunk beds to accommodate multiple guests comfortably. The large living area flows seamlessly into the open kitchen, which boasts granite countertops, a coastal white design with white appliances, and a convenient bar area for entertaining.Guests will also appreciate the private balcony for sunset views and the outside storage lock-out closet for all their beach gear. With low condo assessments, The Commodore offers outstanding amenities, including a seasonally heated pool, hot tub, and direct beach access, making it a top choice for vacationers.Located on the desirable far east end of the beach near St. Andrews State Park and local attractions, this property has strong rental income potential and is a fantastic addition to any investment portfolio. Don't miss this opportunity--schedule your private tour today!

Highlights

Home typeCondominium
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric
Size1,404 sqft
Year built1985
ParkingGated, No Garage, Parking Lot
MLS #766190
WaterfrontGulf
ViewGulf

Summary

  • MLS Number: 766190
  • MLS Name: BCAR
  • Office Name: EXP Realty LLC

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 8:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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living room featuring a textured ceiling, light hardwood / wood-style floors, and ceiling fan

$629,000

4715 Thomas Dr Unit 605D

$7,469

closing credit¹

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Price information

Property sales

DateEventPrice
Jan 09, 2023
Home Sold
$620,000
Aug 13, 2019
Home Sold
$375,000
Feb 05, 2018
Home Sold
$345,000
Sep 21, 2007
Home Sold
$410,000
Oct 22, 2002
Home Sold
$273,000

Tax history

YearAssessmentProperty Tax
2023$465,630$5,003
2022$388,025$4,068
2021$362,950$4,068
2020$257,975$3,178
2018$257,975$3,269
2017$274,550$3,500

History based on county public records data.

Nearby schools

7

Patronis Elementary School

Public District KG-5

2.5 mi

7400 Patronis Dr

3

Lucille Moore Elementary School

Public District PK-5

4.1 mi

1900 Michigan Ave

1

St. Andrew School at Oakland Terrace

Public District PK-5

4.2 mi

2010 W 12th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $41,776. Typical income of Panama City Beach, FL residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

37%
<35k
49%
35k-100k
8%
100k-200k
6%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

57%
Single, No Kids
6%
Single, with Kids
28%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
4%
12-17 yrs old
23%
18-34 yrs old
44%
35-64 yrs old
21%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • Pro WrestlingPro Wrestling
  • College FootballCollege Football

Where do the neighbors shop?

  • KmartKmart
  • Family DollarFamily Dollar
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • Dominos PizzaDominos Pizza
  • SonicSonic

What do the neighbors drive?

  • BuickBuick
  • FordFord
  • KiaKia

What do the neighbors listen to?

  • OldiesOldies
  • New CountryNew Country
  • News/Talk/InformationNews/Talk/Information
All data provided by Home Junction and Claritas

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Frequently asked questions

About 4715 Thomas Dr Unit 605D

This home is located at 4715 Thomas Dr Unit 605D in Panama City Beach, FL and zip code 32408. This 1,404 square foot home was built in 1985. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 13, 2024 and is currently priced at $629,000.

Over 10 listings were sold over their listed price in January 2025 in Panama City Beach, FL. In the same period over 87 listings were sold below the listed price and 34 listings were sold for the listed price. The number of homes for sale in Panama City Beach, FL increased by 1.1% between December and January 2025. In January 2025 median list price was $337,558 and the average listing age was 84 days.

From Rocket Homes Real Estate and based on county public records data.

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