7 months on rocket

6505 Thomas Dr Unit 705, Panama City Beach, FL, 32408

$479,000

Home List Price

$5,688*

Closing Credit

2 Bedrooms
2 Full Baths
1,075 SqFt
$446/SqFt
Condo
Schools Nearby

Location

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6505 Thomas Dr Unit 705, Panama City$479,000

Buyer Closing Credits

$5,688*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAdditional Parking, Gated, Paved, Permit Required, Parking Lot
Year Built1984
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s)
WaterfrontGulf, Natural Shoreline, Waterfront
ViewGulf
MLS #746669
StatusActive

About 6505 Thomas Dr Unit 705

Adorable condo on the 7th floor of The Summerhouse located on Thomas Dr. for a great view of the gulf! Summerhouse is a family friendly property with beautifully landscaped grounds on the quieter east end of the beach. This home sleeps 8. There are 2 bedrooms (1 king/1 queen bed plus bunk beds. 2 baths (one has been upgraded), and a queen sleeper sofa. There are 3 flat screen TVs, cable and Wi-Fi. are provided. A washer/dryer combo, refrigerator, dishwasher, microwave, new glass top stove less than 3 months old. and full kitchen set up are included. The complex has 2 pools, (1 heated seasonally), hot tub, kiddie pool, shuffleboard, tennis courts, and video games and pool tables in the newly renovated common area. There's also a grilling area, as well as a large gazebo with picnic tables right on the beach. Beach chairs and umbrella are available to purchase seasonally. Summerhouse has a large parking lot with a covered area for loading and unloading. This condo could be a primary or secondary residence, or could be rented by owner or through a rental management company of owner's choice. Summerhouse has its own rental program, as well as its own maintenance and housekeeping team available to owners. Be sure to view this unit before buying!

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1984
  • Living Area: 1,075 SqFt

Listing Office:

  • Office Name: CitiStar Realty

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Microwave, Washer
  • Flooring Type: Tile
  • Interior: Breakfast Bar, Natural Woodwork, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Gulf, Natural Shoreline, Waterfront
  • View: Gulf
  • Exterior: Balcony, Deck, Hot Tub/Spa, Outdoor Grill

Parking Information:

  • Parking: Additional Parking, Gated, Paved, Permit Required, Parking Lot

Virtual/3D Tour

  • Virtual Tour: 6505 Thomas Dr Unit 705

Virtual Tour

Lot Features

Lot Information:

  • Lot: Level, Subdivision, Waterfront, Zero Lot Line

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 ''Ripley's Believe it or not'' go East to Thomas Drive. turn left and travel East. Summerhouse Condominiums will be on the right next to the ''Princess''.

Price Information

Listing Price Info

Price Summary:

  • List Price: $479,000
  • Price Per SqFt: $446/SqFt

HOA Fees:

  • Amount: $1467
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $2,685
  • 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

6505 Thomas Dr Unit 705 vs Panama City

231 DAYS ON ROCKET

+170 Days

$479,000

+$131.3K More

$446/SqFt

+$241 More

KEY TAKEAWAY

This property is $131.3K more than the Median Sold Price and $241/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: #746669

Listing Office:

  • Office Name: CitiStar Realty

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: 5/5/2024, 5:20:35 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

Jul 16, 2015Home Sold
$236,000
Aug 29, 2014Home Sold
$327,000
Aug 29, 2014Home Sold
$229,000
Jan 23, 2006Home Sold
$469,900
Sep 04, 2002Home Sold
$217,500
May 04, 1998Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,685$217,387
2018$2,731$215,050
2017$2,611$204,000

History based on county public records data.

Payment Calculator

$3,925

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,503

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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-6326961
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.26 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6326962
5
/10

  • Surfside Middle School

  • 300 Nautilus St

  • 6.34 miles

  • Public District Grades 6-8

High School

school-card-donut-6326963
5
/10

  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 4.48 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 $68,601. Residents of Panama City, FL typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 6505 Thomas Dr Unit 705

What is the listing price of this property?

The listing price of 6505 Thomas Dr Unit 705 property is $479,000.

What type of property is this?

The property 6505 Thomas Dr Unit 705 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 6505 Thomas Dr Unit 705 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 6505 Thomas Dr Unit 705 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 $2,685 (source: MLS/based on county public records data).

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

The last sale was on July 16, 2015 for $236,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 6505 Thomas Dr Unit 705 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 6505 Thomas Dr Unit 705 is 1,075 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 6505 Thomas Dr Unit 705 is 1984.

Rocket Homes›Florida›Bay County›Panama City›32408›6505 Thomas Dr Unit 705

This home is located at 6505 Thomas Dr Unit 705 in Panama City Beach, FL and zip code 32408. This 1,075 square foot home was built in 1984. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 16, 2023 and is currently priced at $479,000.

In April 2024, from all listings sold in Panama City, FL there were more than 30 sold above asking price, over 130 sold below and more than 51 were sold right at the asked price. The inventory of homes for sale in Panama City, FL between March 2024 and April 2024 increased by 4.7%. The median list price of listings available in April 2024 was $347,653, while the average time on the real estate market was 61 days.

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

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