active Listed As-Is

5509 Thomas Drive, Panama City, FL 32408

$1,349,900

Reduced $100,000 from the original list price of $1,449,900

4Beds
3.5Baths
2,561Sq Ft
0.13Acres
2020Year Built
—/moHOA
On site 0 days

Details

Coastal style · Short-term rental allowed

Nearby Schools

ElementaryPatronis
MiddleBreakfast Point
HighArnold

Property Details

Gulf view · fiber cement siding construction · Currently tenant-occupied

About This Home

Live the Panama City Beach lifestyle you've been dreaming of--just steps from the Gulf of America! Originally built as the developer's personal residence, this distinctive coastal home is ideally positioned on a desirable corner lot and offers 4 bedrooms and 3.5 bathrooms, including two spacious master suites with plenty of room and privacy for family and guests. Expansive wraparound balconies finished with beautiful brick pavers create an inviting extension of the living space--perfect for entertaining, relaxing in the coastal breeze, or taking in the Gulf views. A large inground pool provides your own private retreat for sunny Florida days and gatherings with family and friends. Located in a golf cart-friendly community near marinas, St. Andrews State Park, popular restaurants, shopping, and the beach, the location puts the best of Panama City Beach within easy reach. Short-term rentals are allowed, adding excellent flexibility for buyers seeking a primary residence, second home, or investment property. Rental projections indicate potential gross rental income upwards of $130,000 annually, subject to rental management, occupancy, rates, and market conditions. With its prime location, generous outdoor living spaces, private pool, Gulf views, and strong rental potential, this property offers an exciting opportunity to own a piece of the Panama City Beach lifestyle.

Interior, Amenities & More

Interior Features: Double Vanity, Main Level Primary, Separate Shower, Walk In Closets

Appliances: Electric Cooktop, Electric Oven, Electric Water Heater

Pool: Fenced, In Ground, Private

Heating: Central

Cooling: Central Air, Ceiling Fans

Square Footage Source: Plans

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Ask About This Home

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Call (850) 866-1149

Listed by DJ T Janovyak, Emerald Coast Realty Group · djanovyak@me.com

Equal Housing Opportunity
Equal Housing
Opportunity
Listing data provided by: Central Panhandle Association of Realtors (CPAR) Information deemed reliable but not guaranteed. The 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.
Brokerage: Century 21 AllPoints Realty, licensed real estate broker.