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5801 Thomas Dr Unit 422, Panama City Beach, FL, 32408

$394,950

Home List Price

$4,690*

Closing Credit

1 Bedroom
2 Full Baths
916 SqFt
$431/SqFt
Condo
Schools Nearby

Location

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5801 Thomas Dr Unit 422, Panama City$394,950

Buyer Closing Credits

$4,690*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGated, Parking Lot
Year Built1975
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontGulf
ViewGulf
MLS #753401
StatusActive

About 5801 Thomas Dr Unit 422

25K Price Reduction! Motivated Seller. Turnkey Rental Ready END unit at the beautiful Regency Towers. This unit offers views of the Gulf Of Mexico from the Front master bedroom and living room, both with access to a private balcony. The balcony offers unobstructed views of the Gulf of Mexico and the white sugar sands and emerald green waters. No high-rise blocking your endless views! Interior has been completely updated with new Kitchen Cabinets, porcelain tile, backsplash and counter tops. Bathrooms have been updated to match. NEW hurricane sliders and widows a HUGE energy saver. This unit is tastefully decorated and rental ready. Gross Income for 2023 was 40k. Bookings for 2025 already! This is a rental machine! Unit comes fully furnished and includes original artwork by Sharon Kator a well known seaside artist. Regency Towers Amenities include: a gated entry with 24 hour security services. 2 beachfront saltwater pools, one heated seasonally, a beachfront tiki bar open seasonally with wonderful food and drinks, dedicated kiddie pool, indoor hot tub, billiards room, fitness room, a party room that can be rented out, outdoor picnic area with grills, large grass area to play, dog area for owner pets only.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1975
  • Living Area: 916 SqFt

Listing Office:

  • Office Name: Emerald Coast Real Estate & Vacations LLC

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Washer
  • Flooring Type: Tile
  • Interior: Breakfast Bar, Remodeled, Natural Woodwork, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Gulf
  • View: Gulf
  • Exterior: Balcony

Parking Information:

  • Parking: Gated, Parking Lot

Utilities

Utilities Information:

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

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: Regency Towers is located on the East end of Thomas Drive across the street from Dollar General and next to Watercrest Condo. Regency Towers unit 422 is on the East Ocean facing side of the tower.

Price Information

Listing Price Info

Price Summary:

  • List Price: $394,950
  • Price Per SqFt: $431/SqFt

HOA Fees:

  • Amount: $2997
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $1,957
  • 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

$347.1K

Med. Price/SqFt

$204

Avg. Days On Market

82

# of Sold Homes

196

5801 Thomas Dr Unit 422 vs Panama City

59 DAYS ON ROCKET

-23 Days

$394,950

+$47.8K More

$431/SqFt

+$227 More

KEY TAKEAWAY

This property is $47.8K more than the Median Sold Price and $227/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: #753401

Listing Office:

  • Office Name: Emerald Coast Real Estate & Vacations 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: 4/28/2024, 3:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 31, 2017Home Sold
$150,000
Apr 04, 2000Home Sold
$170,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,957$157,590
2018$1,683$131,325
2017$1,593$123,250

History based on county public records data.

Payment Calculator

$3,038

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,251

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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-1882748
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.56 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1882749
5
/10

  • Surfside Middle School

  • 300 Nautilus St

  • 6.92 miles

  • Public District Grades 6-8

High School

school-card-donut-1882750
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. Residents of Panama City, FL typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5801 Thomas Dr Unit 422

What is the listing price of this property?

The listing price of 5801 Thomas Dr Unit 422 property is $394,950.

What type of property is this?

The property 5801 Thomas Dr Unit 422 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 5801 Thomas Dr Unit 422 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 422 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 $1,957 (source: MLS/based on county public records data).

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

The last sale was on May 31, 2017 for $150,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5801 Thomas Dr Unit 422 has 1 bedroom and 2 bathrooms.

What is the square footage of this property?

The property 5801 Thomas Dr Unit 422 is 916 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5801 Thomas Dr Unit 422 is 1975.

Rocket Homes›Florida›Bay County›Panama City›32408›5801 Thomas Dr Unit 422

This home is located at 5801 Thomas Dr Unit 422 in Panama City Beach, FL and zip code 32408. This 916 square foot home was built in 1975. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since February 28, 2024 and is currently priced at $394,950.

In March 2024, from all listings sold in Panama City, FL there were more than 13 sold above asking price, over 120 sold below and more than 63 were sold right at the asked price. Between February 2024 and March 2024, Panama City, FL real estate market has seen increase in the number of listings by 3.2%. In March 2024, listings were on the market for 82 days. During the same period, the median list price in this real estate market was $347,126.

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

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