5 months on rocket

8815 Thomas Dr Unit 201, Panama City Beach, FL, 32408

$475,000

Home List Price

$5,641*

Closing Credit

2 Bedrooms
2 Full Baths
1,083 SqFt
$439/SqFt
Condo
Schools Nearby

Location

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8815 Thomas Dr Unit 201, Panama City Beach$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGuest, Oversized, Paved, Parking Lot
Year Built1982
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
WaterfrontGulf, Waterfront
ViewGulf
MLS #749429
StatusActive

About 8815 Thomas Dr Unit 201

Why is this Moondrifter unit more special than most? (answer: THE BALCONY!) This is the most private balcony one can imagine with nothing but the Gulf of Mexico and the sandy beach as permanent fixtures in front of you - You do not see any other balconies from yours. Incredibly the size of the ''01'' stack balcony is close to 35 feet long x 8 feet wide. The unit itself has over 1000 square feet of heated and cooled space inside as well which includes 2 bedrooms, 2 baths, a kitchen, a dining section and a living room. Although this would be a great rental investment, it is the perfect residence as well if you want to be living a beach dream that is too good to be true. The complex has a pool, a picnic area, shuffleboard, and a tennis court. Although nothing has been set in stone, there was a news story that broke saying Tootsie's Orchid Lounge (same name as in Pier Park) would be going in the old Spinnaker Beach Club. An updated version was announced in August saying the deal was not yet finalized. Nothing is apparently concrete as of this date, but imagine the rental potential if Tootsie's (which is famous in Nashville) opens in such close proximity to this condo! Don't let this BIG FISH get away - See it to believe it! Rental Projections on previous listings claim to be over $60K if managed correctly. HOA Fees will change to 975.48 monthly in 2024-

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1982
  • Living Area: 1,083 SqFt

Listing Office:

  • Office Name: ERA Neubauer Real Estate Inc

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Interior: Breakfast Bar, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

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

Parking Information:

  • Parking: Guest, Oversized, Paved, Parking Lot

Lot Features

Lot Information:

  • Lot: Waterfront

Utilities

Utilities Information:

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

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 the intersection of Front Beach and Thomas Drive (at Walgreens and Ripley's), travel South. After the traffic light and just past Alvin's Island store, take the curve to the left and an immediate right into the Moondrifter parking lot. 8815 S Thomas Drive---

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $439/SqFt

HOA Fees:

  • Amount: $900
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $2,169
  • Tax Year: 2020
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Housing Market Comparison

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

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Panama City Beach, FL

City

Med. Sold Price

$479.9K

Med. Price/SqFt

$352

Avg. Days On Market

95

# of Sold Homes

114

8815 Thomas Dr Unit 201 vs Panama City Beach

160 DAYS ON ROCKET

+65 Days

$475,000

-$4.9K Less

$439/SqFt

+$86 More

KEY TAKEAWAY

This property is $4.9K less than the Median Sold Price and $86/SqFt more than other homes in Panama City Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #749429

Listing Office:

  • Office Name: ERA Neubauer Real Estate Inc

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, 6:25:18 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

Feb 28, 2019Home Sold
$288,000
Sep 29, 2011Home Sold
$135,000
Aug 22, 2005Home Sold
$365,000
Apr 19, 2004Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,169$205,275
2018$1,568$119,790
2017$1,289$111,115

History based on county public records data.

Payment Calculator

$3,338

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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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-1056536
6
/10

  • Breakfast Point Academy

  • 601 North Richard Jackson Blvd

  • 1.74 miles

  • Public District Grades PK-8

High School

school-card-donut-1056537
5
/10

  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 2.55 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 $37,561. Residents of Panama City Beach, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8815 Thomas Dr Unit 201

What is the listing price of this property?

The listing price of 8815 Thomas Dr Unit 201 property is $475,000.

What type of property is this?

The property 8815 Thomas Dr Unit 201 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 8815 Thomas Dr Unit 201 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8815 Thomas Dr Unit 201 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 $2,169 (source: MLS/based on county public records data).

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

The last sale was on February 28, 2019 for $288,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8815 Thomas Dr Unit 201 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 8815 Thomas Dr Unit 201 is 1,083 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8815 Thomas Dr Unit 201 is 1982.

Rocket Homes›Florida›Bay County›Panama City Beach›32408›8815 Thomas Dr Unit 201

This home is located at 8815 Thomas Dr Unit 201 in Panama City Beach, FL and zip code 32408. This 1,083 square foot home was built in 1982. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 19, 2023 and is currently priced at $475,000.

In March 2024, from all listings sold in Panama City Beach, FL there were more than 7 sold above asking price, over 85 sold below and more than 22 were sold right at the asked price. The number of listings in Panama City Beach, FL increased by 9.3% between February 2024 and March 2024. While the average time on the market in March 2024 was 95 days, the median list price was $479,991.

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

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