$10,000

closing credit¹

6505 Thomas Dr Unit 506 Panama City, FL 32408

$850,000
2 beds
2 full
1,400 sqft
$607 / sqft
Condo

Property details

About 6505 Thomas Dr Unit 506

Rarely available Summerhouse ''WRAP-A-ROUND'' Unit. Owners seldom turn loose of these coveted units. If VIEWS are important to you then there is not a better one to be found up and down the beach. You can find larger, more upscale, newer, units at a better price but you can't find a better view on Panama City Beach. Your view is not obstructed by other buildings or anything else in a Summerhouse Wrap. This is a true unobstructed 180 degree view up and down the beach, not only from the 61-foot balcony but from also inside the unit. This large unit has two master suites with two full baths with an oversizeed living area. Summerhouse has a reputation of being a family resort and has guest that have been coming for over 30-years. The unit is nicely furnished and accented. If you are interested in rental income then the WRAP units are the first choice among visitors. With normal owner usage rental income should be in the $50K-$60K plus per year. Owner said that the A/C and appliances have been replaced in the last 4-5 years including a new washer which is still under warranty. Amenities at Summerhouse include two pools, one which is heated, a kiddie pool, hot tub, gulf front gazebo, handicap ramp to the beach along with a beach friendly wheel chair, tennis, pickel ball,rachetball, and shuffleboard courts, BBQ area with commercial gas and charcoal grills, a gulf front owners lounge and meeting area, and onsite HOA and rental offices. The Thomas Dr. location makes it convenient to grocery stores, retail and souvenir stores, area restaurants, and close to most of our areas' fishing, diving, and sightseeing fleets.If you are looking for the best view on Panama City Beach you need to see the view from Wrap-A-Round Unit #706 today.

Highlights

Home typeCondominium
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Size1,400 sqft
Year built1985
ParkingAdditional Parking, Other, Paved, Parking Lot
MLS #761914
WaterfrontGulf, Sandy Shoreline, Waterfront
ViewGulf

Summary

  • MLS Number: 761914
  • MLS Name: BCAR
  • Office Name: Counts Real Estate Group Inc

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: 1/31/2025, 2:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of building exterior

$850,000

6505 Thomas Dr Unit 506

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

We're sorry, we currently don't have tax history data for this listing.

Nearby schools

7

Patronis Elementary School

Public District KG-5

1.3 mi

7400 Patronis Dr

3

Lucille Moore Elementary School

Public District PK-5

4.3 mi

1900 Michigan Ave

1

St. Andrew School at Oakland Terrace

Public District PK-5

4.8 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 $68,601. Typical income of Panama City, FL residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

24%
<35k
43%
35k-100k
28%
100k-200k
5%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

54%
Single, No Kids
10%
Single, with Kids
28%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
5%
12-17 yrs old
26%
18-34 yrs old
46%
35-64 yrs old
13%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • Continuing Education CoursesContinuing Education Courses
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Forever 21Forever 21
  • Express/Express For MenExpress/Express For Men
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • QdobaQdoba
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • MazdaMazda
  • VolkswagenVolkswagen
  • BuickBuick

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban ContemporaryUrban Contemporary
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 6505 Thomas Dr Unit 506

This home is located at 6505 Thomas Dr Unit 506 in Panama City, FL and zip code 32408. This 1,400 square foot home was built in 1985. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $850,000.

While more than 11 listings in Panama City, FL in December 2024 were sold above asking price, there were more than 39 listings sold at asking price, and more than 146 were sold below. The inventory of homes for sale in Panama City, FL between November and December 2024 decreased by 1.4%. In December 2024, listings were on the market for 79 days. During the same period, the median list price in this real estate market was $339,456.

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

More resources