Skip to main content
Back to Search Results
|

7420 Thomas Drive, Panama City, FL 32408

Show All 67 Photos
For Sale

$999,999

3 beds • 3 baths • 1 half baths • 2,375 sqft

Estimated Payment

$ 5,755 /mo. †

6.85% APR for 30 yrs.
$6,160 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • 2005
    Year built

  • $421.05
    Price per square foot

  • Fireplace
    Fireplace Description

Explore this Property

If you're 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 owner's 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.
MLS# 765183

Listed By CENTURY 21 Ryan Realty

Property Features

  • Appliances
    Dishwasher, Dryer, Range / Oven, Refrigerator, Trash Compactor, Washer
  • Cooling
    Central A/C
  • Fireplace Description
    Fireplace
  • Heating - Fuel Type
    Other
  • Interior
    Vaulted Ceilings, Wet Bar
  • Lot Size
    0.07 Acres
  • Roof
    Metal Roof
  • Style
    Other Style

Map and Directions

Directions to 7420 Thomas Drive, Panama City, FL 32408

Home seller Meet the Agent,
Melany Hathcock

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Melany Hathcock

of CENTURY 21 Ryan Realty

(850) 628-0253
Learn More About Me

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $5,242
  • Property Taxes
    $513
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $5,755

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Patronis Elementary School

Grades KG-5 Public School

Panama City, FL 32408 1.1 miles
7400 patronis dr

650 total students
15:1 Student teacher ratio

School Rating: B

School Details

Surfside Middle School

Grades 6-8 Public School

Panama City Beach, FL 32413 5.6 miles
300 nautilus st

762 total students
20:1 Student teacher ratio

School Rating: B-

School Details

J.r. Arnold High School

Grades 9-12 Public School

Panama City Beach, FL 32407 3.7 miles
550 n alf coleman rd

1563 total students
26:1 Student teacher ratio

School Rating: C+

School Details
Other Nearby Schools Distance Type Grades School Rating
Breakfast Point Academy 3.5 miles Public KG-8 B
Hutchison Beach Elementary School 4.5 miles Public KG-5 B+
Lucille Moore Elementary School 4.5 miles Public PK-5 C+
Gulf Coast School For Autism 5.3 miles Private KG-12

Breakfast Point Academy

Distance: 3.5 miles

Type Public

Grades: KG-8

B

Hutchison Beach Elementary School

Distance: 4.5 miles

Type Public

Grades: KG-5

B+

Lucille Moore Elementary School

Distance: 4.5 miles

Type Public

Grades: PK-5

C+

Gulf Coast School For Autism

Distance: 5.3 miles

Type Private

Grades: KG-12

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Panama City, FL 32408

Tour the area

Schedule a
tour with a
personal guide

Panama City, FL 32408

This community’s employment is highest in the food and sales industries. The area’s overall household expenses are above the national average.

90° July
Hottest Average Month
43° January
Coldest Average Month
7,537 Total Households in Area
4.9% Increase in population since the year 2010
27.2%
of households
have children
21 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Panama City, FL 32408

Panama City, FL 32408 has a population of 15,982 people in 7,537 households with a median age of 43.1 years old.

4.9%
Increase in population
since the year 2010
Population is Trending up
6,836
Total households as of 2010
9.6%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 43.1 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 81%
Hispanic 7%
Black 4%
Other 3%
Asian 2%
Native American <1%
The most prevalent ethnicity is White at 81%, followed by Hispanic at 7%, Black at 4%, and Other at 3%.

Economics
for Panama City, FL 32408

1,394 /sq mi
Population Density
$72,603 /yr
Median Household Income
$417,500
Median Sales Price
21 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 21.96% of the households.

Transportation to Work

  • Drive 90%
  • Work from Home 6%
  • Walk or Bike 2%
  • Public Transit 1%

Occupancy by Type

Vacant 7,061 48%
Owned 5,489 38%
Rented 2,048 14%

White vs Blue Collar Jobs







White Collar 76%
Blue Collar 24%

Family & Education Facts
for Panama City, FL 32408

43.1 Median Age

Average Household Size

2.1
persons per
household

50.4%

Married Households

Community Population By Education

Bachelors Degree 26%
Some College 22%
High School Graduate 20%
Associates Degree 17%
Graduate Degree 11%
Some High School 5%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 26.01% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
27.2% of households have children

Weather
for Panama City, FL 32408

The weather for this area ranges from a high of 90° F in July to a low of 43° F in January

90° July
Hottest Average Month
43° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
43°
63°
Feb
45°
66°
Mar
51°
71°
Apr
57°
78°
May
65°
84°
Jun
71°
89°
Jul
74°
90°
Aug
73°
90°
Sep
70°
88°
Oct
60°
81°
Nov
51°
72°
Dec
45°
65°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Tour the area

Schedule a
tour with a
personal guide

There's more to learn about Panama City, FL 32408!
Explore more local area information

An Equal Opportunity Company

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Loading