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

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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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1 (855) 200-2001

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.

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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.

Panama City, FL

City

Med. Sold Price

$339.2K

Med. Price/SqFt

$201

Avg. Days On Market

79

# of Sold Homes

166

7205 Thomas Dr Unit D505 vs Panama City

83 DAYS ON ROCKET

+4 Days

$685,000

+$345.7K More

$652/SqFt

+$451 More

KEY TAKEAWAY

This property is $345.7K more than the Median Sold Price and $451/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

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: 12/23/2024, 4:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Jun 17, 2021	Jun 17, 2021Home Sold	$440,000
Apr 18, 2011	Apr 18, 2011Home Sold	$155,000
Dec 02, 2004	Dec 02, 2004Home Sold	$440,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$2,821	$233,750
2018	$2,354	$184,875
2017	$2,370	$184,875

History based on county public records data.

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**Disclosures

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.

In November 2024 more than 13 listings in Panama City, FL were sold above the asking price. During the same period more than 33 listings were sold at asking price, while more than 120 were sold below. The number of homes for sale in Panama City, FL decreased by 3.9% between October 2024 and November 2024. The median list price of listings available in November 2024 was $339,223, while the average time on the real estate market was 79 days.

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