#765183, Listing office: CENTURY 21 Ryan Realty Inc
$985,000 List price
7428 Thomas Dr Panama City, FL 32408
3 beds
3 full, 1 partial
2,375 sqft
0.07 acres
$415 / sqft
House
Property details
About 7428 Thomas Dr
High-Yield Investment Opportunity - Proven $100K+ Annual Income Potential | Fully Furnished | Prime Gulf LocationInvestor-ready and income-producing! This fully furnished 3BR/3.5BA, 2,375 sq ft property offers a rare opportunity to acquire a high-performing vacation rental with a proven track record of generating $100,000+ annually in gross rental income (2021 & 2022). Located directly across from the Gulf of Mexico and Rick Seltzer Park, this turnkey property is positioned for strong future returns.Key Investment Highlights:Over $50,000 in recent capital improvements (2024), including:oNew composite deckingoNew roof under upper deckoUpgraded pool systemsPrime location: Steps from beach access and a popular public parkSleeps 18-20 guests - perfect for large group bookingsLow maintenance landscaping and exteriorPrivate heated saltwater pool - year-round rental appealParking for 4+ vehicles - a major advantage in beach communitiesInterior Features:Coastal-modern furnishings included in sale10' and 11' ceilings, crown molding, abundant natural lightGourmet kitchen with stainless-steel appliances and granite countertopsMultiple living areas and a third-floor loft with built-in bunkbeds, wet bar, and access to a 25' x 18' Gulf-view rooftop deckSystems & Amenities:Navien gas tankless water heaterWi-Fi-enabled Circupool salt generatorHayward 2500 pool heater and sand filterAluminum hurricane shuttersLaundry room with full-size washer/dryerStrong Short-Term Rental AppealThis property's layout, location, and amenities are optimized for the vacation rental market. With large group capacity, year-round pool use, and direct Gulf views, it's primed for immediate income generation.Use it personally and rent selectively, or operate as a full-time short-term rental. Either way, you'll be investing in one of the Gulf Coast's most lucrative markets.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric, Fireplace(s)
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Size2,375 sqft
Lot size0.07 Acres
Year built2005
ParkingDriveway, Gravel
MLS #773451
FireplaceGas
ViewGulf
Private poolYes
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Tankless Water Heater, Washer
- Interior: Wet Bar, Breakfast Bar, Cathedral Ceiling(s), Fireplace, Kitchen Island, Pantry, Recessed Lighting, Smart Thermostat
- Fireplace: Gas
- Total Bedroom Count: 3
- Private Pool: Yes
- Parking: Driveway, Gravel
- View: Gulf
- Exterior: Balcony, Patio, Storm/Security Shutters
- Architectural Style: Contemporary
- Heating: Central, Electric, Fireplace(s)
- Cooling: Central Air, Ceiling Fan(s), Electric
- List Price: $985,000
- Price/SqFt: $414
- Directions: Home is located on Thomas Drive across the street from Rick Seltzer Park. House number is on arbor over the driveway.
- Year Built: 2005
- Living Area: 2,375 SqFt
- Lot Size: 0.07 Acres
- MLS Number: 773451
- MLS Name: BCAR
- Office Name: Coastal Choice Realty LLC
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: 7/24/2025, 4:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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
1.1 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. Residents of Panama City, FL typically earn between $35k-100k each year. Typical family type is single, no kids. Typical level of education for residents 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 Courses
Soccer
Figure Skating
Where do the neighbors shop?
Express/Express For Men
Forever 21
Chico's
Where do the neighbors go to eat?
Qdoba
Dominos Pizza
Bob Evans
What do the neighbors drive?
Volkswagen
Mazda
Oldsmobile
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7428 Thomas Dr
The listing price of 7428 Thomas Dr property is $985,000.
The property 7428 Thomas Dr is a house located in Panama City, Florida, 32408.
Active Listing: 7428 Thomas Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7428 Thomas Dr are: Patronis Elementary School (GreatSchools Rating 7/10), Hutchison Beach Elementary School (GreatSchools Rating 7/10), Lucille Moore Elementary School (GreatSchools Rating 5/10), Breakfast Point Academy (GreatSchools Rating 6/10), Surfside Middle School (GreatSchools Rating 6/10), University Academy Sabl Inc (GreatSchools Rating 10/10), J.R. Arnold High School (GreatSchools Rating 5/10), Rising Leaders Academy (GreatSchools Rating 5/10), Central High School (GreatSchools Rating 2/10).
The property at 7428 Thomas Dr has 3 bedrooms and 3 full and 1 half bathrooms.
The property 7428 Thomas Dr is 2,375 SqFt (source: MLS/tax record).
The year of construction for 7428 Thomas Dr is 2005.
This home is located at 7428 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 June 18, 2025 and is currently priced at $985,000.
While more than 26 listings in Panama City, FL in June 2025 were sold above asking price, there were more than 47 listings sold at asking price, and more than 144 were sold below. The inventory of homes for sale in Panama City, FL between May and June 2025 decreased by 2.4%. In June 2025 median list price was $330,871 and the average listing age was 78 days.
From Rocket Homes Real Estate and based on county public records data.