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7205 Thomas Dr Unit D505, Panama City Beach, FL, 32408

$685,000

Home List Price

$8,134*

Closing Credit

2 Bedrooms
2 Full Baths
1,050 SqFt
$652/SqFt
Condo

Location

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7205 Thomas Dr Unit D505, Panama City$685,000

Buyer Closing Credits

$8,134*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Lot
Year Built1982
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontGulf
ViewGulf
MLS #761836
StatusActive

About 7205 Thomas Dr Unit D505

Dunes of Panama D505 - Immaculate beachfront condo that is updated, remodeled and ready for a new owner! Has been a great rental machine or it can make a great second home! Everything has been meticulously designed and renovated by a custom high end luxury home builder from Nashville. All you need are your beach chairs and a cooler and you are ready to move in, everything conveys and fully furnished! The Milestone Report and repairs have been completed AND all Assessments have been PAID! The Dunes of Panama Resort has 1500 linear feet of sugar white sand, 3 gulf front pools (one heated), tennis courts, basketball, free WI-FI, fitness room, volleyball, shuffleboard, outdoor BBQ grills, Stingray's restaurant and gift shop and the Sneaky Tiki poolside.

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 1982
  • Living Area: 1,050 SqFt

Listing Office:

  • Office Name: Bright Realty Solutions

Interior Features

Interior Information:

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Gulf
  • View: Gulf
  • Exterior: Balcony

Parking Information:

  • Parking: Parking Lot

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From the corner of Joan Avenue and Thomas Drive, go East (Left) on Thomas Drive for approximately one mile. Turn right into Dunes of Panama after you pass Rick Seltzer Public Park. Check in with Security at the entrance. Follow road to the left and building 'D' will be on the right. Park in the parking lot.

Price Information

Listing Price Info

Price Summary:

  • List Price: $685,000
  • Price Per SqFt: $652/SqFt

HOA Fees:

  • Amount: $696
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $2,821
  • 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

7205 Thomas Dr Unit D505 vs Panama City

52 DAYS ON ROCKET

-25 Days

$685,000

+$345.5K More

$652/SqFt

+$450 More

KEY TAKEAWAY

This property is $345.5K more than the Median Sold Price and $450/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: #761836

Listing Office:

  • Office Name: Bright Realty Solutions

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: 11/21/2024, 11:55:52 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 17, 2021Home Sold
$440,000
Apr 18, 2011Home Sold
$155,000
Dec 02, 2004Home Sold
$440,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,821$233,750
2018$2,354$184,875
2017$2,370$184,875

History based on county public records data.

Payment Calculator

$4,182

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,120

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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-467514
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.10 miles

  • Public District Grades KG-5

school-card-donut-467515
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.46 miles

  • Public District Grades PK-5

school-card-donut-467516
5
/10

  • Hutchison Beach Elementary School

  • 12900 Hutchison Blvd

  • 4.67 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,268. Typical income of Panama City, FL residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7205 Thomas Dr Unit D505

What is the listing price of this property?

The listing price of 7205 Thomas Dr Unit D505 property is $685,000.

What type of property is this?

The property 7205 Thomas Dr Unit D505 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 7205 Thomas Dr Unit D505 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 $2,821 (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 17, 2021 for $440,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7205 Thomas Dr Unit D505 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 7205 Thomas Dr Unit D505 is 1,050 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7205 Thomas Dr Unit D505 is 1982.

Rocket Homes›Florida›Bay County›Panama City›32408›7205 Thomas Dr Unit D505

This home is located at 7205 Thomas Dr Unit D505 in Panama City Beach, FL and zip code 32408. This 1,050 square foot home was built in 1982. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $685,000.

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. In October 2024 in Panama City, FL there were 1.7% less homes for sale than in September 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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