2 months on rocket

5801 Thomas Dr Unit 501, Panama City, FL, 32408

$699,000

Home List Price

$8,301*

Closing Credit

3 Bedrooms
2 Full Baths
1,560 SqFt
$448/SqFt
Condo

Location

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5801 Thomas Dr Unit 501, Panama City$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Lot
Year Built1982
HeatingCentral, Electric, Fireplace(s)
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontGulf, Sandy Shoreline, Waterfront
FireplaceElectric
ViewGulf
MLS #763986
StatusActive

About 5801 Thomas Dr Unit 501

You HAVE TO SEE this stunning 3-bedroom, 2-bath Gulf view condo with over 1,500 sq. ft.! Completely renovated and turnkey, it comes furnished to easily accommodate plenty of guests. With its open layout and modernistic coastal vibes, this is one of the NICEST condos at Regency Towers! Investment property doing over $60k a year, or a beach getaway for your family, it features a fully renovated kitchen, completely renovated bathrooms, new quartz countertops, new luxury vinyl plank flooring, new durable paint, new custom tiled showers, and the addition of a fireplace that adds to its homely feel. Priced as one of the most cost efficient, updated 3-bedroom condos on the beach, this is a MUST SEE. Panama City Beach is famed for its white-sand beaches and emerald waters of the Gulf of Mexico. Regency Towers is a private, gated resort located on the family friendly East end and the resort offers two large pools (heated in winter), a hot tub, Bikini Bob's bar and grill, fitness room, boardwalk, easy beach access, and a truly welcoming feeling! All measurements are appox, and should be verified by agent/buyer.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1982
  • Living Area: 1,560 SqFt

Listing Office:

  • Office Name: Coastal Heritage Real Estate LLC

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Interior: Breakfast Bar, Fireplace, Recessed Lighting
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

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

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot: Waterfront

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Take Thomas Drive East, Regency Towers is on the Right, after Watercrest.

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $448/SqFt

HOA Fees:

  • Amount: $2993
  • Frequency: Quarterly
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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

$339.2K

Med. Price/SqFt

$201

Avg. Days On Market

79

# of Sold Homes

166

5801 Thomas Dr Unit 501 vs Panama City

65 DAYS ON ROCKET

-14 Days

$699,000

+$359.7K More

$448/SqFt

+$247 More

KEY TAKEAWAY

This property is $359.7K more than the Median Sold Price and $247/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #763986

Listing Office:

  • Office Name: Coastal Heritage Real Estate LLC

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: 12/22/2024, 4:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,553

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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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-1019089
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.60 miles

  • Public District Grades KG-5

school-card-donut-1019090
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.05 miles

  • Public District Grades PK-5

school-card-donut-1019091
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. Most 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 501

What is the listing price of this property?

The listing price of 5801 Thomas Dr Unit 501 property is $699,000.

What type of property is this?

The property 5801 Thomas Dr Unit 501 is a condo located in Panama City, Florida, 32408.

Is this property for sale now?

Active Listing: 5801 Thomas Dr Unit 501 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5801 Thomas Dr Unit 501 has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5801 Thomas Dr Unit 501 is 1,560 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5801 Thomas Dr Unit 501 is 1982.

Rocket Homes›Florida›Bay County›Panama City›32408›5801 Thomas Dr Unit 501

This home is located at 5801 Thomas Dr Unit 501 in Panama City, FL and zip code 32408. This 1,560 square foot home was built in 1982. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $699,000.

Over 13 listings were sold over their listed price in November 2024 in Panama City, FL. In the same period over 120 listings were sold below the listed price and 33 listings were sold for the listed price. The number of homes for sale in Panama City, FL decreased by 3.9% between October 2024 and November 2024. While the average time on the market in November 2024 was 79 days, the median list price was $339,223.

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

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