10 months on rocket

5801 Thomas Dr Unit 325, Panama City Beach, FL, 32408

$515,000

Home List Price

$6,116*

Closing Credit

3 Bedrooms
2 Full Baths
1,456 SqFt
$354/SqFt
Condo
Schools Nearby

Location

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5801 Thomas Dr Unit 325, Panama City$515,000

Buyer Closing Credits

$6,116*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingPaved, Parking Lot
Year Built1975
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s)
WaterfrontSandy Shoreline
ViewGulf, Lagoon
Private PoolYes
MLS #742619
StatusActive

About 5801 Thomas Dr Unit 325

This 3 bedroom 2 bath unit in the much desired Regency Towers and is a must see unit. This unit is loaded with upgrades: Sliders to balcony and windows replaced with hurricane/impact grade 2019Beadboard and chair rail in entry hall, crown molding throughout. Dryer vented to exterior 2022 (most Regency units are not vented outside)HVAC is 7 years old, Dishwasher and microwave 2 years old.Rental income 2022 - $49,000 gross booking per VRBO, payout was $47,500. That was with seller blocking out 3 weeks each spring and 3 each fall.4.8 star rating on VRBO This complex features two large swimming pools one of which is heated during the winter months. The complex is located near fine restaurants and the St Andrews State Park and Panama City Beach Newest Sports park. Thomas Drive is a four lane street. All information is believed to be correct but should be verified by the Buyer. The following art work are excluded from the sale: The table and umbrella in the small bedroom, The kids art in the master,The framed fish painting in the master.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1975
  • Living Area: 1,456 SqFt

Listing Office:

  • Office Name: Jim Free Realty LLC

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator
  • Flooring Type: Tile
  • Interior: Breakfast Bar, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Sandy Shoreline
  • View: Gulf, Lagoon
  • Exterior: Balcony, Hot Tub/Spa, Outdoor Grill, Outdoor Shower, Pool, Patio

Parking Information:

  • Parking: Paved, Parking Lot

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s)

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: From the Hathaway Bridge turn left onto Thomas Dr. Stay right at the curve in Thomas Dr. and Regency Towers will be on the Gulf side of Thomas Dr.

Price Information

Listing Price Info

Price Summary:

  • List Price: $515,000
  • Price Per SqFt: $354/SqFt

HOA Fees:

  • Amount: $2999
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $2,214
  • Tax Year: 2020
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Housing Market Comparison

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

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Panama City, FL

City

Med. Sold Price

$347.6K

Med. Price/SqFt

$204

Avg. Days On Market

61

# of Sold Homes

211

5801 Thomas Dr Unit 325 vs Panama City

326 DAYS ON ROCKET

+265 Days

$515,000

+$167.3K More

$354/SqFt

+$149 More

KEY TAKEAWAY

This property is $167.3K more than the Median Sold Price and $149/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #742619

Listing Office:

  • Office Name: Jim Free Realty LLC

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© 2024 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: 5/3/2024, 1:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 09, 2003Home Sold
$234,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,214$186,619
2018$2,330$182,960
2017$2,236$174,250

History based on county public records data.

Payment Calculator

$3,637

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,610

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5344671
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.56 miles

  • Public District Grades PK-5

Middle School

school-card-donut-5344672
5
/10

  • Surfside Middle School

  • 300 Nautilus St

  • 6.92 miles

  • Public District Grades 6-8

High School

school-card-donut-5344673
5
/10

  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 5.03 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,841. Typical income of Panama City, FL residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5801 Thomas Dr Unit 325

What is the listing price of this property?

The listing price of 5801 Thomas Dr Unit 325 property is $515,000.

What type of property is this?

The property 5801 Thomas Dr Unit 325 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 5801 Thomas Dr Unit 325 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5801 Thomas Dr Unit 325 are:
Patronis Elementary School: GreatSchools Rating 7/10
Surfside Middle School: GreatSchools Rating 5/10
J.R. Arnold High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,214 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 9, 2003 for $234,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5801 Thomas Dr Unit 325 has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5801 Thomas Dr Unit 325 is 1,456 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5801 Thomas Dr Unit 325 is 1975.

Rocket Homes›Florida›Bay County›Panama City›32408›5801 Thomas Dr Unit 325

This home is located at 5801 Thomas Dr Unit 325 in Panama City Beach, FL and zip code 32408. This 1,456 square foot home was built in 1975. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 12, 2023 and is currently priced at $515,000.

In April 2024 more than 30 listings in Panama City, FL were sold above the asking price. During the same period more than 51 listings were sold at asking price, while more than 130 were sold below. In April 2024 in Panama City, FL there were 4.7% more homes for sale than in March 2024. Listings spent 61 days on the market in April 2024, and had a median list price of $347,653 during the same period.

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

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