5300 Thomas Dr, Panama City Beach, FL, 32408

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

5300 Thomas Dr, Panama City$2,199,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeTownhouse

Year Built2024

HeatingCentral

CoolingCentral Air

ViewGulf

Private PoolYes

MLS #947821

Lot Size0.19 Acres

StatusActive

About 5300 Thomas Dr

Embark on an investment journey with this eye-catching duplex, where the allure of Panama City Beach comes to life. This property offers breathtaking water vistas from its upper level and a spacious layout with five bedrooms on each side, plus additional bunk rooms, totaling 10 rooms alongside two bunk areas. Perfect for accommodating various group sizes, it ensures a comfortable and memorable stay for all guests. Step outside to enjoy the exclusive pool, a serene oasis just moments from your living space. With rental income projections ranging from $260,000 to $280,000, this duplex stands out as a premier investment opportunity in a coveted locale. Positioned merely a block from several beach accesses and two blocks from the famed Schooners seafood restaurant, the location is unbeatable.

View More

Property Details

Property Features

Property Information:

• Architectural Style: Duplex
• Year Built: 2024
• Stories: 3
• Living Area: 4,652 SqFt

Listing Office:

• Office Name: Scenic Sothebys International Realty
• Office Email: blake@scenicsir.com
• Listing Agent: Christina M Knox

Interior Features

Interior Information:

• Appliances: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer
• Flooring Type: Laminate
• Interior: Kitchen Island, Newly Painted, Washer/Dryer Hookups

Bedroom and Bathroom Information:

• Partial Bathrooms: 2
• Full Bathrooms: 8
• Total Bedroom Count: 10

Exterior Features

Exterior Information:

• Private Pool: Yes
• View: Gulf
• Exterior: Balcony, Pool - In-Ground, Porch

Lot Features

Lot Information:

• Lot Size: 0.19 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

School Info

Assigned Schools Information:

• J.R. Arnold High School, Public District Grades 9-12
• Surfside Middle School, Public District Grades 6-8
• Patronis Elementary School, Public District Grades PK-5

Other

Directions Information:

• Directions: If coming from the Halfway bridge turn onto Thomas Drive and all the way until it almost runs into the water and keep following it to the right at the light. It will be on the right hand side right after Irwin street.

Price Information

Listing Price Info

Price Summary:

• List Price: $2,199,000
• Price Per SqFt: $473/SqFt

Tax Information:

• Annual Amount: $1,043
• Tax Year: 2020

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Panama City, FL.

Panama City, FL

City

Med. Sold Price

$347.1K

Med. Price/SqFt

$204

Avg. Days On Market

82

# of Sold Homes

196

5300 Thomas Dr vs Panama City

8 DAYS ON ROCKET

-74 Days

$2,199,000

+$1.8M More

$473/SqFt

+$269 More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price and $269/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: Emerald Coast Association of REALTORS®
• MLS Number: #947821

Listing Office:

• Office Name: Scenic Sothebys International Realty
• Office Email: blake@scenicsir.com
• Listing Agent: Christina M Knox

Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. 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: 4/28/2024, 12:50:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,043	$91,330
2018	$831	$66,422
2017	$837	$66,422

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$11K

Per Month

Principal & Interest

$10.9K

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,659

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Florida›Bay County›Panama City›32408›5300 Thomas Dr

This home is located at 5300 Thomas Dr in Panama City Beach, FL and zip code 32408 in the Gulf Lagoon Beach neighborhood. This 4,652 square foot home, which was built in 2024, sits on a 0.19 acre lot. Features: 10 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $2,199,000.

While more than 13 listings in Panama City, FL in March 2024 were sold above asking price, there were more than 63 listings sold at asking price, and more than 120 were sold below. In March 2024 in Panama City, FL there were 3.2% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $347,126, while the average time on the real estate market was 82 days.

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