2 months on rocket

6505 Thomas Dr Unit 506, Panama City, FL, 32408

$850,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,400 SqFt
$607/SqFt
Condo

Location

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6505 Thomas Dr Unit 506, Panama City$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAdditional Parking, Other, Paved, Parking Lot
Year Built1985
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontGulf, Sandy Shoreline, Waterfront
ViewGulf
MLS #761914
StatusActive

About 6505 Thomas Dr Unit 506

Rarely available Summerhouse ''WRAP-A-ROUND'' Unit. Owners seldom turn loose of these coveted units. If VIEWS are important to you then there is not a better one to be found up and down the beach. You can find larger, more upscale, newer, units at a better price but you can't find a better view on Panama City Beach. Your view is not obstructed by other buildings or anything else in a Summerhouse Wrap. This is a true unobstructed 180 degree view up and down the beach, not only from the 61-foot balcony but from also inside the unit. This large unit has two master suites with two full baths with an oversizeed living area. Summerhouse has a reputation of being a family resort and has guest that have been coming for over 30-years. The unit is nicely furnished and accented. If you are interested in rental income then the WRAP units are the first choice among visitors. With normal owner usage rental income should be in the $50K-$60K plus per year. Owner said that the A/C and appliances have been replaced in the last 4-5 years including a new washer which is still under warranty. Amenities at Summerhouse include two pools, one which is heated, a kiddie pool, hot tub, gulf front gazebo, handicap ramp to the beach along with a beach friendly wheel chair, tennis, pickel ball,rachetball, and shuffleboard courts, BBQ area with commercial gas and charcoal grills, a gulf front owners lounge and meeting area, and onsite HOA and rental offices. The Thomas Dr. location makes it convenient to grocery stores, retail and souvenir stores, area restaurants, and close to most of our areas' fishing, diving, and sightseeing fleets.If you are looking for the best view on Panama City Beach you need to see the view from Wrap-A-Round Unit #706 today.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1985
  • Living Area: 1,400 SqFt

Listing Office:

  • Office Name: Counts Real Estate Group Inc

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Range Hood, Washer
  • Interior: Breakfast Bar, Elevator, Split Bedrooms

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

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

Parking Information:

  • Parking: Additional Parking, Other, Paved, Parking Lot

Lot Features

Lot Information:

  • Lot: Waterfront

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: 6505 Thomas Dr. is just about the center point on Thomas Dr. Summerhouse sits between Coral Reef Condos and Princess Condos.

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $607/SqFt

HOA Fees:

  • Amount: $1441
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

6505 Thomas Dr Unit 506 vs Panama City

83 DAYS ON ROCKET

+6 Days

$850,000

+$510.5K More

$607/SqFt

+$405 More

KEY TAKEAWAY

This property is $510.5K more than the Median Sold Price and $405/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: #761914

Listing Office:

  • Office Name: Counts Real Estate Group Inc

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: 11/22/2024, 1:20:51 AM 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

$5,751

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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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-485022
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.31 miles

  • Public District Grades KG-5

school-card-donut-485023
3
/10
  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.28 miles

  • Public District Grades PK-5

school-card-donut-485024
1
/10
  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.81 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $68,601. The most common annual income of people living in Panama City, FL is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 6505 Thomas Dr Unit 506

What is the listing price of this property?

The listing price of 6505 Thomas Dr Unit 506 property is $850,000.

What type of property is this?

The property 6505 Thomas Dr Unit 506 is a condo located in Panama City, Florida, 32408.

Is this property for sale now?

Active Listing: 6505 Thomas Dr Unit 506 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 6505 Thomas Dr Unit 506 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 6505 Thomas Dr Unit 506 is 1,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 6505 Thomas Dr Unit 506 is 1985.

Rocket HomesFloridaBay CountyPanama City324086505 Thomas Dr Unit 506

This home is located at 6505 Thomas Dr Unit 506 in Panama City, FL and zip code 32408. This 1,400 square foot home was built in 1985. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $850,000.

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. The number of homes for sale in Panama City, FL decreased by 1.7% between September 2024 and October 2024. 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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