$10,000

closing credit¹

7420 Thomas Dr Panama City, FL 32408

$999,999
3 beds
3 full, 1 partial
2,375 sqft
0.07 acres
$421 / sqft
House

Property details

About 7420 Thomas Dr

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.

Highlights

Home typeSingle Family Residence
StatusActive
CoolingCentral Air
Size2,375 sqft
Lot size0.07 Acres
Year built2005
ParkingDriveway, Gravel
MLS #765183
ViewGulf

Summary

  • MLS Number: 765183
  • MLS Name: BCAR
  • Office Name: CENTURY 21 Ryan Realty 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, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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bird's eye view featuring a water view and a view of the beach

$999,999

7420 Thomas Dr

$10,000

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

7

Patronis Elementary School

Public District KG-5

1.1 mi

7400 Patronis Dr

5

Hutchison Beach Elementary School

Public District KG-5

4.5 mi

12900 Hutchison Blvd

3

Lucille Moore Elementary School

Public District PK-5

4.5 mi

1900 Michigan Ave

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 $73,465. The most common annual income of people living in Panama City, FL is between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

18%
<35k
44%
35k-100k
36%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

59%
Single, No Kids
8%
Single, with Kids
24%
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
25%
18-34 yrs old
47%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Continuing Education CoursesContinuing Education Courses
  • SoccerSoccer
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • Forever 21Forever 21
  • Chico'sChico's

Where do the neighbors go to eat?

  • QdobaQdoba
  • Dominos PizzaDominos Pizza
  • Bob EvansBob Evans

What do the neighbors drive?

  • VolkswagenVolkswagen
  • MazdaMazda
  • OldsmobileOldsmobile

What do the neighbors listen to?

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

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Frequently asked questions

About 7420 Thomas Dr

This home is located at 7420 Thomas Dr in Panama City, FL and zip code 32408 in the Holiday Beach neighborhood. This 2,375 square foot home, which was built in 2005, sits on a 0.07 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 23, 2024 and is currently priced at $999,999.

In December 2024 more than 11 listings in Panama City, FL were sold above the asking price. During the same period more than 39 listings were sold at asking price, while more than 146 were sold below. The number of listings in Panama City, FL decreased by 1.4% between November and December 2024. While the average time on the market in December 2024 was 79 days, the median list price was $339,456.

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

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