7 months on rocket

7028 Thomas Dr, Panama City Beach, FL, 32408

$1,695,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths, 1 Partial
3,058 SqFt
$554/SqFt
House
Schools Nearby

Location

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7028 Thomas Dr, Panama City$1,695,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Carport, Additional Parking
Year Built2023
HeatingCentral, Electric
CoolingCentral Air, Electric
ViewGulf
Private PoolYes
MLS #746831
Lot Size0.14 Acres
StatusActive

About 7028 Thomas Dr

Calling all beach lovers! Perfect investment! New Construction! This custom home is conveniently located just steps from our white sugary beaches and beautiful emerald waters. Enjoy beautiful sunsets from open sundeck right off of the 2nd floor family room including wet bar with sink, ice maker and beverage cooler. Also featured on second floor you will find bunk room with full over full custom built in bunks along with 2 additional bedrooms and bath rooms. The 3rd floor bedroom is perfect for bunk room, already with 3 twin built in beds with storage and additional living space for seating area or game room. Downstairs level invites you to the main dining/living combination space, leading you to the covered back patio and pool. The outside shower allows for a quick rinse off before entering house. The kitchen features granite countertops with large island to include extra seating, stainless steel appliances including built in wine cooler. The abundance of kitchen cabinets feature built in lighting beautiful elevated hardware with additional cabinet storage under island. The walk in pantry with granite counter top is the perfect spot for a coffee bar and and additional appliances. Featured on the first level is the large master suite looking out over pool. Master bath includes double vanity, large tub for plenty of relaxation, walk in shower. and walk in closet. Rental projections from $135,000 to $160,000/year!

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 2023
  • Living Area: 3,058 SqFt

Listing Office:

  • Office Name: Corcoran Reverie

Interior Features

Interior Information:

  • Appliances: Bar Fridge, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Range Hood, Wine Cooler
  • Flooring Type: Laminate, Plank, Vinyl
  • Interior: Wet Bar, Breakfast Bar, High Ceilings, Kitchen Island, Other, Pantry, Recessed Lighting, Vaulted Ceiling(s), Natural Woodwork

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Gulf
  • Exterior: Balcony, Deck, Fence, Outdoor Shower, Pool, Porch

Parking Information:

  • Parking: Attached Carport, Additional Parking

Lot Features

Lot Information:

  • Lot: Landscaped
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • J.R. Arnold High School, Public District Grades 9-12
  • Breakfast Point Academy, Public District Grades PK-8

Other

Directions Information:

  • Directions: Heading West on Thomas Drive, on the right hand side of the road across from Hidden Dunes Condo.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,695,000
  • Price Per SqFt: $554/SqFt

Tax Information:

  • Annual Amount: $774
  • 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

7028 Thomas Dr vs Panama City

219 DAYS ON ROCKET

+137 Days

$1,695,000

+$1.3M More

$554/SqFt

+$350 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $350/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: #746831

Listing Office:

  • Office Name: Corcoran Reverie

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: 4/27/2024, 3:25:19 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

Jul 23, 2021Home Sold
$450,000
Jan 23, 2018Home Sold
$60,000
Feb 03, 2015Home Sold
$610,000
Jun 18, 1997Home Sold
$45,000
Jan 28, 1997Home Sold
$29,371

Tax History

YEARPROP. TAXASSESSMENT
2020$774$67,671
2018$617$49,311
2017$1,156$91,731

History based on county public records data.

Payment Calculator

$8,527

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,148

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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.

Middle School

school-card-donut-1354598
6
/10

  • Breakfast Point Academy

  • 601 North Richard Jackson Blvd

  • 3.31 miles

  • Public District Grades PK-8

High School

school-card-donut-1354599
5
/10

  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 4.01 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 $54,268. The most common annual income of people living in Panama City, FL is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7028 Thomas Dr

What is the listing price of this property?

The listing price of 7028 Thomas Dr property is $1,695,000.

What type of property is this?

The property 7028 Thomas Dr is a house located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 7028 Thomas Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7028 Thomas Dr are:
Breakfast Point Academy: GreatSchools Rating 6/10
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 $774 (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 23, 2021 for $450,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7028 Thomas Dr has 5 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 7028 Thomas Dr is 3,058 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7028 Thomas Dr is 2023.

Rocket Homes›Florida›Bay County›Panama City›32408›7028 Thomas Dr

This home is located at 7028 Thomas Dr in Panama City Beach, FL and zip code 32408 in the Holiday Beach neighborhood. This 3,058 square foot home, which was built in 2023, sits on a 0.14 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 21, 2023 and is currently priced at $1,695,000.

Panama City, FL housing market in March 2024 saw over 13 listings sold above listed price, more than 63 sold at listed price and over 120 sold below. The number of homes for sale in Panama City, FL increased by 3.2% between February 2024 and March 2024. In March 2024 median list price was $347,126 and the average listing age was 82 days.

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

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