Price Reduction - Water Views
Address
7824 Thomas Drive, Panama City, FL
Price
$ 600,000
Property Attributes
- MLS#795058
- TypeSingle Family
- Listing Status Pending
- CountyBay
- CityPanama City
- Area03 - Bay County - Beach
- NeighborhoodVillas Of Panama
- Zip32408
- Style
- Year Built2005
- Taxes$ 5593
- Price$ 600,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage1954
- Lot Size0.05 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Just steps from the sugar-white sands of Panama City Beach, this income-producing vacation rental offers the location, amenities, and guest capacity that make a beach investment stand out. Currently operating as Palm Breeze Retreat, this 3-bedroom, 2.5-bath property is completely furnished, accommodates up to 10 guests and is positioned within the Villas of Panama, where the community pool and nearby beach access put vacation favorites within easy reach. Inside, the main living area provides plenty of room to gather after a day on the Gulf, with a comfortable living space, dining area, and fully equipped kitchen featuring stainless steel appliances, stone countertops, and ample cabinetry. The sleeping arrangements are designed with groups and families in mind, including a primary suite with a king bed and twin-over-twin bunks, two additional queen bedrooms, and a sleeper sofa in the living area. Multiple bedrooms offer balcony access, while the primary suite includes its own bath. One of the property's most memorable features is the converted garage game room, giving guests their own place to unwind with arcade games, air hockey, darts, basketball, and more. Outdoor spaces add even more appeal, with balconies, a lower-level patio and grill area, and a second-floor balcony overlooking the community pool. The location makes it easy for guests to enjoy Panama City Beach without spending the entire vacation in the car. Thomas Drive, St. Andrews Bay, dining, entertainment, and the beach are all nearby, while St. Andrews State Park is less than three miles away. Shopping, golf, charter fishing, water activities, family attractions, and the area's many restaurants provide plenty to explore beyond the shoreline. Whether you're searching for a beach property to enjoy yourself, an established vacation rental to add to your portfolio, or a combination of both, this property brings together guest-friendly amenities and a highly desirable location just a short walk from the Gulf.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 9/4/2026 | Listed $650,000 |
| 9/14/2026 | 4$625,000 |
| 9/16/2026 | 4$600,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Connected,Electricity Available |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Pool,Community Pool,Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | true |
| Subdivision Name | Villas Of Panama |
| Special Listing Conditions | Listed As-Is |
| Status | Pending |
| Buyer Financing | Seller Financing |
| Directions | Traveling South on Front Beach Rd from Hathaway Bridge, Left on Joan Avenue, Left on Thomas Drive, 7824 Thomas Drive is on the left side of the road. |
| High School | Arnold |
| City | Panama City |
| Zoning Description | Resid Single Family |
| MLS Area | 03 - Bay County - Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 2178 |
| Elementary School | Patronis |
| Tax Annual Amount | 5593.39 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0323 - Beach - South of Grand Lagoon |
| Standard Status | Pending |
| Property Sub Type Additional | Single Family Residence |
| Occupancy Type | Tenant |
| Year Built | 2005 |
| Association Fee Includes | Association Management,Maintenance Grounds,Pool(s) |
| Heating | Central,Electric |
| Cooling | Central Air,Ceiling Fan(s) |
| Appliances | Electric Range,Electric Water Heater |
| Patio/Porch Features | Balcony,Deck,Covered,Porch |
| Construction Materials | Stucco |
| View | Gulf |
| Attached Garage | false |
| Garage Y/N | true |
| Total Rooms | 5 |
| Full Baths | 2 |
| Garage Spaces | 1 |
| Architectural Style | Coastal |
| HOA Fee | 600 |
| Assoc Fee Paid Per | Quarterly |
| Pool Features | Gunite,In Ground,Community |
| New Construction | false |
| Roof | Metal |
Interior Features
| Total Baths | 3 |
|---|---|
| Interior Amenities | Balcony,Double Vanity,Jetted Tub,Sitting Area in Primary,Upper Level Primary |
| Furnished Units | All Units |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 3 |
| LivingAreaSource | Appraiser |
| Half Baths | 1 |
Exterior Features
| Lot Size Area | 0.05 |
|---|---|
| Lot Dimensions | 23.0 ft x 96.0 ft |
| Lot Size Acres | 0.05 |
| Parking Features | Garage,Garage Door Opener |
| Building Area Total | 1954 |
| Waterfront Y/N | false |
| Exterior Amenities | Covered Patio |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32408
Price
Taxes
Year Built
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The 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.
