4 months on rocket

6505 Thomas Dr Unit 515, Panama City, FL, 32408

$825,000

Home List Price

$9,797*

Closing Credit

2 Bedrooms
2 Full Baths
1,470 SqFt
$561/SqFt
Condo

Location

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6505 Thomas Dr Unit 515, Panama City$825,000

Buyer Closing Credits

$9,797*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOther, Parking Lot
Year Built1987
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontGulf, Sandy Shoreline, Waterfront
MLS #759763
StatusActive

About 6505 Thomas Dr Unit 515

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 on the beach. You can find larger, newer, more upscale units at a better price but you can't find a better view on Panama City Beach THAN A SUMMERHOUSE WRAP 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 oversized living area. All windows have 3'wood Plantation Shutters. THIS IS A PERFECT OPPORTUNITY FOR SOMEONE TO COME IN AND START WITH A BLANK CANVAS AN DO A COMPLETE UPDATE OVERHAUL AND TURN THIS UNIT BACK INTO A CROWN JEWEL. Summerhouse has a reputation of being a family resort and has guest that have been coming for over 30-years. If you are interested in rental income then the WRAP units are the first choice among visitors. The entire balcony is tiled. Amenities at Summerhouse include two pools, one which is heated, a kiddie pool, hot tub, gulf front gazebo, handicap ramp to the beach, 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.The owner may consider paying the 2025 condo fees with an acceptable offer.If you are looking for the best view on Panama City Beach you need to see the view from Wrap-A-Round Unit #515 today.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1987
  • Living Area: 1,470 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
  • Exterior: Balcony

Parking Information:

  • Parking: Other, 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. Summerhouse sits between the Coral Reef Condo and The Princess Condo.

Price Information

Listing Price Info

Price Summary:

  • List Price: $825,000
  • Price Per SqFt: $561/SqFt

HOA Fees:

  • Amount: $1467
  • Frequency: Monthly
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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

6505 Thomas Dr Unit 515 vs Panama City

132 DAYS ON ROCKET

+55 Days

$825,000

+$485.5K More

$561/SqFt

+$359 More

KEY TAKEAWAY

This property is $485.5K more than the Median Sold Price and $359/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: #759763

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, 6:20:52 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

$5,652

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,540

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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-538155
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.31 miles

  • Public District Grades KG-5

school-card-donut-538156
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.28 miles

  • Public District Grades PK-5

school-card-donut-538157
1
/10

  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 4.81 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 $68,601. Typical income of Panama City, FL residents is between $35k-100k annually. Residents typically live in single, no kids family. 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 515

What is the listing price of this property?

The listing price of 6505 Thomas Dr Unit 515 property is $825,000.

What type of property is this?

The property 6505 Thomas Dr Unit 515 is a condo located in Panama City, Florida, 32408.

Is this property for sale now?

Active Listing: 6505 Thomas Dr Unit 515 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 515 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 6505 Thomas Dr Unit 515 is 1,470 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 6505 Thomas Dr Unit 515 is 1987.

Rocket Homes›Florida›Bay County›Panama City›32408›6505 Thomas Dr Unit 515

This home is located at 6505 Thomas Dr Unit 515 in Panama City, FL and zip code 32408. This 1,470 square foot home was built in 1987. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 12, 2024 and is currently priced at $825,000.

While more than 16 listings in Panama City, FL in October 2024 were sold above asking price, there were more than 40 listings sold at asking price, and more than 138 were sold below. The number of homes for sale in Panama City, FL decreased by 1.7% between September 2024 and October 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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