5 months on rocket

5004 Thomas Dr Unit 1207, Panama City Beach, FL, 32408

$629,000

Home List Price

$7,469*

Closing Credit

2 Bedrooms
2 Full Baths
1,370 SqFt
$459/SqFt
Condo

Location

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5004 Thomas Dr Unit 1207, Panama City$629,000

Buyer Closing Credits

$7,469*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGarage
Garage1 space
Year Built2005
HeatingCentral
CoolingCeiling Fan(s), Central Air
WaterfrontGulf
ViewGulf
MLS #951123
StatusActive

About 5004 Thomas Dr Unit 1207

Welcome to Treasure Island, where this charming two-bedroom unit offering an exquisite coastal retreat with breathtaking gulf views awaits. This well-appointed condo features a master bedroom with a luxurious king-sized bed and private balcony access, where you can wake up to the soothing sounds of the waves and the refreshing sea breeze. Boasting a strong rental history, this unit offers stunning gulf views from the balcony, master bedroom, and living and dining rooms. The open living area is adorned with coastal decor, providing a warm and inviting ambiance. Inside, the condo features elegant granite countertops, LVP flooring in the living areas and bedrooms, and tile in the kitchen and baths. The kitchen is equipped with stainless steel appliances, and the master bathroom boasts a dual shower head for added luxury. Recent updates include a new AC unit in 2023. A bunk nook with two beds maximizes the sleeping arrangements in this unit. Treasure Island amenities include covered parking, a large heated lagoon-style pool, hot tub, four high-speed elevators, a fitness room, and a poolside café. For outdoor enthusiasts, the resort offers direct beach access and grills located on the third level of the parking deck. Ideal for investors or those seeking a vacation condo, this unit comes fully furnished and ready for immediate enjoyment. Treasure Island offers an unparalleled beachfront lifestyle, the perfect blend of comfort, style, and convenience.

Property Details

Property Features

Property Information:

  • Architectural Style: N/A
  • Year Built: 2005
  • Living Area: 1,370 SqFt

Listing Office:

  • Office Name: Scenic Sothebys International Realty
  • Office Email: mandy.cooper@scenicsir.com
  • Listing Agent: Mandy Cooper

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Self Cleaning Oven, Refrigerator, Refrigerator, Ice Maker, Range, Electric Oven, Washer
  • Flooring Type: Tile, Vinyl
  • Interior: Breakfast Bar, Window Treatment(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Gulf
  • View: Gulf
  • Exterior: Balcony

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Garage

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From the Hathaway Bridge, turn Left on Thomas Drive, Treasure Island Resort is on the South/Gulf side after the big curve.

Price Information

Listing Price Info

Price Summary:

  • List Price: $629,000
  • Price Per SqFt: $459/SqFt

HOA Fees:

  • Amount: $2575
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $4,069
  • 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

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

5004 Thomas Dr Unit 1207 vs Panama City

174 DAYS ON ROCKET

+97 Days

$629,000

+$289.5K More

$459/SqFt

+$257 More

KEY TAKEAWAY

This property is $289.5K more than the Median Sold Price and $257/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: #951123

Listing Office:

  • Office Name: Scenic Sothebys International Realty
  • Office Email: mandy.cooper@scenicsir.com
  • Listing Agent: Mandy Cooper

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: 11/21/2024, 7:20:56 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

Jun 04, 2021Home Sold
$505,000
Aug 18, 2005Home Sold
$424,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,069$335,750
2018$3,420$270,100
2017$3,425$268,600

History based on county public records data.

Payment Calculator

$4,065

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,952

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NMLS#3030

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.

Nearby Schools

school-card-donut-398819
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 2.19 miles

  • Public District Grades KG-5

school-card-donut-398820
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.06 miles

  • Public District Grades PK-5

school-card-donut-398821
1
/10

  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.26 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,776. The most common annual income of people living in Panama City, FL is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5004 Thomas Dr Unit 1207

What is the listing price of this property?

The listing price of 5004 Thomas Dr Unit 1207 property is $629,000.

What type of property is this?

The property 5004 Thomas Dr Unit 1207 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 5004 Thomas Dr Unit 1207 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,069 (source: MLS/based on county public records data).

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

The last sale was on June 4, 2021 for $505,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5004 Thomas Dr Unit 1207 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5004 Thomas Dr Unit 1207 is 1,370 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5004 Thomas Dr Unit 1207 is 2005.

Rocket Homes›Florida›Bay County›Panama City›32408›5004 Thomas Dr Unit 1207

This home is located at 5004 Thomas Dr Unit 1207 in Panama City Beach, FL and zip code 32408 in the Gulf Lagoon Beach neighborhood. This 1,370 square foot home was built in 2005. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 31, 2024 and is currently priced at $629,000.

In October 2024, from all listings sold in Panama City, FL there were more than 16 sold above asking price, over 138 sold below and more than 40 were sold right at the asked price. Between September 2024 and October 2024, Panama City, FL real estate market has seen decrease in the number of listings by 1.7%. The median list price of listings available in October 2024 was $339,477, while the average time on the real estate market was 77 days.

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

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