8 months on rocket

7420 Thomas Dr, Panama City Beach, FL, 32408

$999,900

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
2,375 SqFt
$421/SqFt
House
Schools Nearby

Location

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7420 Thomas Dr, Panama City$999,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCovered
Year Built2005
HeatingCentral
CoolingCentral Air
FireplaceFireplace
Private PoolYes
MLS #931423
StatusActive

About 7420 Thomas Dr

INVESTMENT PROPERTY PRICED TO SELL. If youre looking to own and profit on Panama City Beach, this three-story turn-key vacation home has no HOAs and a projected rental income of over $100,000 a year and is priced to sell. You and your up to 16 guests will enjoy Gulf views, a private fenced-in pool, and the convenience of being only steps from the sandy beach. Take in the Gulf views from the 3rd story 25 x 18 Balcony. Located across the street from Rick Seltzer Park, your views will never change. Enter through the front door from the front covered porch to find the open-concept first-story living room, dining, and kitchen with a fireplace, 11 ceilings, crown molding, and tile floors. The kitchen has granite countertops, an island with a breakfast bar, solid wood cabinets, stainless steel appliances, and a large walk in pantry. As you continue walking to the back of the first floor you will find a full sized laundry room, a full bathroom with granite countertops and a shower/tub combo, and a bedroom with a large walk-in closet with private access to the full sized bathroom. A side door at the foot of the stairs leads to your private walkway to the gated, fully fenced private backyard with a pool, excellent for vacationers who love to swim in a pool as well as the Gulf. As you return inside, start up to the 2nd floor, turn to your right, and you will find the master bedroom with two closets, a private balcony with Gulf views, and an ensuite with granite countertops, a soaking/jetted jacuzzi tub, and a walk-in shower with glass doors. An additional bedroom on the second floor has an owners closet, a full-sized bathroom with granite countertops, and a shower-tub combo. Continue to the 3rd floor to find a second living room with 11 ceilings, tile floors, a wet bar with granite countertops, a half bath with granite countertops, two large sofas (one is a sleeper sofa), and a bunk bed, making this a hub of entertainment for your guest. From this room, you can access the large 25 x 18 deck with beautiful never, changing Gulf views; this deck has a weather-resistant table and chairs for those sunset dining sessions. The exterior is equipt weatherproof decking and Hardie Board siding to keep the exterior maintenance low for years to come. This property is a beautiful unit inside and out, fully furnished and turn-key. The park across the street allows access to the beach and is equipped with restrooms/showers, a lifeguard, and is accessed from the crosswalk a few feet from this beach house, so traffic will stop for you when you are ready to get to the beach and listen to the waves. Enjoy being conveniently located close to many attractions, including many restaurants, amusement parks, shopping, boating, marinas, bike rentals, St. Andrews State Park, and much more. With this reasonably priced three-story beach house investment property, you can have it all in Panama City Beach.

Property Details

Property Features

Property Information:

  • Architectural Style: Beach House
  • Year Built: 2005
  • Stories: 3
  • Living Area: 2,375 SqFt

Listing Office:

  • Office Name: Century 21 Ryan Realty
  • Office Email: c21ryan@gmail.com
  • Listing Agent: Katie L Patronis

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Dryer, Self Cleaning Oven, Refrigerator, Trash Compactor, Washer
  • Flooring Type: Hardwood, Tile
  • Interior: Breakfast Bar, Cathedral Ceiling(s), Ceiling Crown Molding, Tray/Cofferd Ceiling, Vaulted Ceilings, Fireplace, Kitchen Island, Recessed Lighting, Owners Closet, Pantry, Wet Bar, Window Bay
  • Fireplace: Fireplace

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Private Pool: Yes

Parking Information:

  • Attached Garage: No
  • Parking: Covered

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

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: From Hwy 98 left on Moylan, right on Joan Ave, onto Thomas Drive, drive 1.1 miles make a U-turn at Walnut Street, 7420 Thomas is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $999,900
  • Price Per SqFt: $421/SqFt

Tax Information:

  • Annual Amount: $4,191
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$347.1K

Med. Price/SqFt

$204

Avg. Days On Market

82

# of Sold Homes

196

7420 Thomas Dr vs Panama City

240 DAYS ON ROCKET

+158 Days

$999,900

+$652.7K More

$421/SqFt

+$217 More

KEY TAKEAWAY

This property is $652.7K more than the Median Sold Price and $217/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: #931423

Listing Office:

  • Office Name: Century 21 Ryan Realty
  • Office Email: c21ryan@gmail.com
  • Listing Agent: Katie L Patronis

IDX 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: 4/29/2024, 12:20:22 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 08, 2015Home Sold
$415,000
Mar 15, 2005Home Sold
$470,800

Tax History

YEARPROP. TAXASSESSMENT
2020$4,191$341,246
2018$3,831$302,890
2017$3,873$304,136

History based on county public records data.

Payment Calculator

$5,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,064

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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-2743600
6
/10
  • Breakfast Point Academy

  • 601 North Richard Jackson Blvd

  • 2.99 miles

  • Public District Grades PK-8

High School

school-card-donut-2743601
5
/10
  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 3.70 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,465. The majority of Panama City, FL residents have income between $35k-100k annually. Most families are 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 7420 Thomas Dr

What is the listing price of this property?

The listing price of 7420 Thomas Dr property is $999,900.

What type of property is this?

The property 7420 Thomas Dr is a house located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 7420 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 7420 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 $4,191 (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 8, 2015 for $415,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7420 Thomas Dr has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 7420 Thomas Dr is 2,375 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7420 Thomas Dr is 2005.

Rocket Homes›Florida›Bay County›Panama City›32408›7420 Thomas Dr

This home is located at 7420 Thomas Dr in Panama City Beach, FL and zip code 32408 in the Holiday Beach neighborhood. This 2,375 square foot home was built in 2005. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 01, 2023 and is currently priced at $999,900.

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. In March 2024 in Panama City, FL there were 3.2% more homes for sale than in February 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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