2 months on rocket

5801 Thomas Dr Unit 1404, Panama City Beach, FL, 32408

$989,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
2,155 SqFt
$459/SqFt
Condo

Location

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5801 Thomas Dr Unit 1404, Panama City$989,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1982
CoolingCentral Air
WaterfrontGulf
MLS #958364
StatusActive

About 5801 Thomas Dr Unit 1404

STUNNING!! SPACIOUS!! GULF FRONT!! PENTHOUSE!! If youve ever dreamed of owning a second home on the Gulf that also generates passive income, this is an incredible opportunity. A recent appraisal valued the property at $1,070,000, with rental income projections EXCEEDING $120,000. This means you can make a sound investment while enjoying INSTANT EQUITY. Welcome to Regency Towers 1404, situated on The Worlds Most Beautiful Beach! This impressive penthouse features FOUR spacious bedrooms PLUS an office, making it an ideal retreat for families or groups. The expansive balcony offers breathtaking, direct views of the Gulf, accessible from both the living room and the master bedroom. With the capacity to accommodate up to 15 guests, this residence is perfect for entertaining. Experience luxury with high-end finishes, including Luxury Vinyl Plank flooring, Quartz countertops, a mini bar with a wine fridge, and a stunning floor-to-ceiling electric fireplace. Regency Towers fantastic amenities include two olympic size pools- one heated year round, full service tiki bar & grill, 10 person hot tub, kiddie pool, fitness center, billiards room, community room with kitchen for hosting events, multiple picnic areas with grills, and plenty of engaging in house activities are offered year round! Beach chair rentals, jet ski rentals, and parasailing offered right here on the beach! Located just minutes from St. Andrews state park, multiple boat launches, arcades, Go kart tracks, golf cart/scooter rental, bike rental, mini golf, amusement rides, Shipwreck Island Waterpark, favorite restaurants, clothing boutiques, jet ski/boat rental, Pier Park, and engaging Nightlife!!! All this & more at the Worlds Most Beautiful Beach! Penthouses like this rarely become available, so seize this unique chance to make Regency Towers 1404 your primary residence, vacation getaway, or short-term rental investment. Dont miss out on this extraordinary opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: N/A
  • Year Built: 1982
  • Living Area: 2,155 SqFt

Listing Office:

  • Office Name: Engel & Volkers 30A Beaches
  • Office Email: libby.metz@evrealestate.com
  • Listing Agent: Larell Paradise

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Washer

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Gulf

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: Traveling East on Hwy 98 turn right onto Moylan Rd, left onto Front Beach Rd, Right onto Joan Ave, left onto Thomas Dr, in approximately 2 miles you will arrive at Regency Towers large condominium complex on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $989,000
  • Price Per SqFt: $459/SqFt

HOA Fees:

  • Amount: $3996
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $2,601
  • 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

5801 Thomas Dr Unit 1404 vs Panama City

79 DAYS ON ROCKET

+2 Days

$989,000

+$649.5K More

$459/SqFt

+$257 More

KEY TAKEAWAY

This property is $649.5K 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: #958364

Listing Office:

  • Office Name: Engel & Volkers 30A Beaches
  • Office Email: libby.metz@evrealestate.com
  • Listing Agent: Larell Paradise

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, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,601$224,219
2018$2,681$211,030
2017$2,622$204,880

History based on county public records data.

Payment Calculator

$6,336

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,032

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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.

Nearby Schools

school-card-donut-467334
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.60 miles

  • Public District Grades KG-5

school-card-donut-467335
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.05 miles

  • Public District Grades PK-5

school-card-donut-467336
1
/10

  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.45 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 $42,841. 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 majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5801 Thomas Dr Unit 1404

What is the listing price of this property?

The listing price of 5801 Thomas Dr Unit 1404 property is $989,000.

What type of property is this?

The property 5801 Thomas Dr Unit 1404 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 5801 Thomas Dr Unit 1404 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 $2,601 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5801 Thomas Dr Unit 1404 has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5801 Thomas Dr Unit 1404 is 2,155 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5801 Thomas Dr Unit 1404 is 1982.

Rocket Homes›Florida›Bay County›Panama City›32408›5801 Thomas Dr Unit 1404

This home is located at 5801 Thomas Dr Unit 1404 in Panama City Beach, FL and zip code 32408. This 2,155 square foot home was built in 1982. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $989,000.

In October 2024 more than 16 listings in Panama City, FL were sold above the asking price. During the same period more than 40 listings were sold at asking price, while more than 138 were sold below. In October 2024 in Panama City, FL there were 1.7% less homes for sale than in September 2024. In October 2024, listings were on the market for 77 days. During the same period, the median list price in this real estate market was $339,477.

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

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