#762251, Listing Office: Own It Real Estate LLC
7420 Thomas Dr Panama City, FL 32408
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 rent inclome of $76,711 for 2024. Thomas Drive is a tried and true vacation spot for visitors year after year. Many vacationers will only stay on the East End of Panama City Beach. 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 equipped with 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 and a lifeguard. It 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
Summary
- MLS Number: 765183
- MLS Name: BCAR
- Office Name: CENTURY 21 Ryan Realty Inc
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Last updated on: 3/4/2025, 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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$999,999
7420 Thomas Dr
$10,000
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Price information
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Nearby schools
7
Patronis Elementary School
Public District KG-5
1.1 mi
•7400 Patronis Dr
7
Hutchison Beach Elementary School
Public District KG-5
4.5 mi
•12900 Hutchison Blvd
5
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.
Neighborhood
The neighbors living near this home have an average income of $73,465. Most Panama City, FL residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
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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 February 2025 more than 5 listings in Panama City, FL were sold above the asking price. During the same period more than 36 listings were sold at asking price, while more than 98 were sold below. Between January and February 2025, Panama City, FL real estate market has seen increase in the number of listings by 6.1%. The median list price of listings available in February 2025 was $337,016, while the average time on the real estate market was 87 days.