#766750, Listing Office: Coastal Living Realty & Associates
$10,000
closing credit¹
6505 Thomas Dr Unit 506 Panama City, FL 32408
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
Summary
- MLS Number: 761914
- MLS Name: BCAR
- Office Name: Counts Real Estate Group Inc
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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.
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$850,000
6505 Thomas Dr Unit 506
$10,000
closing credit¹
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Price information
Property sales
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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.
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.
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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.