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7420 Thomas Dr, Panama City, FL, 32408

$1,000,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
2,375 SqFt
$421/SqFt
House

Location

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7420 Thomas Dr, Panama City$1,000,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Gravel
Year Built2005
CoolingCentral Air
ViewGulf
MLS #765183
Lot Size0.07 Acres
StatusActive

About 7420 Thomas Dr

INVESTMENT PROPERTY PRICED TO SELL. If you're looking to own and profit on Panama City Beach, this three-story turn-key vacation home has no HOAs and a projected rental income of over $100,000 a year and is priced to sell. You and your up to 16 guests will enjoy Gulf views, a private fenced-in pool, and the convenience of being only steps from the sandy beach. Take in the Gulf views from the 3rd story 25' x 18' Balcony. Located across the street from Rick Seltzer Park, your views will never change. Enter through the front door from the front covered porch to find the open-concept first-story living room, dining, and kitchen with a fireplace, 11' ceilings, crown molding, and tile floors. The kitchen has granite countertops, an island with a breakfast bar, solid wood cabinets, stainless steel appliances, and a large walk in pantry. As you continue walking to the back of the first floor you will find a full sized laundry room, a full bathroom with granite countertops and a shower/tub combo, and a bedroom with a large walk-in closet with private access to the full sized bathroom. A side door at the foot of the stairs leads to your private walkway to the gated, fully fenced private backyard with a pool, excellent for vacationers who love to swim in a pool as well as the Gulf. As you return inside, start up to the 2nd floor, turn to your right, and you will find the master bedroom with two closets, a private balcony with Gulf views, and an ensuite with granite countertops, a soaking/jetted jacuzzi tub, and a walk-in shower with glass doors. An additional bedroom on the second floor has an owner's closet, a full-sized bathroom with granite countertops, and a shower-tub combo. Continue to the 3rd floor to find a second living room with 11' ceilings, tile floors, a wet bar with granite countertops, a half bath with granite countertops, two large sofas (one is a sleeper sofa), and a bunk bed, making this a hub of entertainment for your guest. From this room, you can access the large 25' x 18' deck with beautiful never, changing Gulf views; this deck has a weather-resistant table and chairs for those sunset dining sessions. The exterior is equipt weatherproof decking and Hardie Board siding to keep the exterior maintenance low for years to come. This property is a beautiful unit inside and out, fully furnished and turn-key. The park across the street allows access to the beach and is equipped with restrooms/showers, a lifeguard, and is accessed from the crosswalk a few feet from this beach house, so traffic will stop for you when you are ready to get to the beach and listen to the waves. Enjoy being conveniently located close to many attractions, including many restaurants, amusement parks, shopping, boating, marinas, bike rentals, St. Andrews State Park, and much more. With this reasonably priced three-story beach house investment property, you can have it all in Panama City Beach.

Property Details

Property Features

Property Information:

  • Architectural Style: Coastal
  • Year Built: 2005
  • Living Area: 2,375 SqFt

Listing Office:

  • Office Name: CENTURY 21 Ryan Realty Inc

Interior Features

Interior Information:

  • Appliances: Bar Fridge, Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator, Trash Compactor, Warming Drawer, Washer
  • Interior: Wet Bar, Breakfast Bar, Cathedral Ceiling(s), Fireplace, High Ceilings, Kitchen Island, Pantry, Recessed Lighting, Vaulted Ceiling(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Gulf

Parking Information:

  • Parking: Driveway, Gravel

Lot Features

Lot Information:

  • Lot: Landscaped
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Joan Ave turn left onto Thomas Drive, drive 1.1 miles make a U-turn at Walnut Street, 7420 Thomas is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,000,000
  • Price Per SqFt: $421/SqFt
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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

7420 Thomas Dr vs Panama City

1 DAY ON ROCKET

-76 Days

$1,000,000

+$660.5K More

$421/SqFt

+$219 More

KEY TAKEAWAY

This property is $660.5K more than the Median Sold Price and $219/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: #765183

Listing Office:

  • Office Name: CENTURY 21 Ryan Realty 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: 11/23/2024, 8:20:52 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

$5,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,065

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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-967953
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.06 miles

  • Public District Grades KG-5

school-card-donut-967954
5
/10
  • Hutchison Beach Elementary School

  • 12900 Hutchison Blvd

  • 4.47 miles

  • Public District Grades KG-5

school-card-donut-967955
3
/10
  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.50 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,465. Typical income of Panama City, FL residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7420 Thomas Dr

What is the listing price of this property?

The listing price of 7420 Thomas Dr property is $1,000,000.

What type of property is this?

The property 7420 Thomas Dr is a house located in Panama City, Florida, 32408.

Is this property for sale now?

Active Listing: 7420 Thomas Dr is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 7420 Thomas Dr has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 7420 Thomas Dr is 2,375 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7420 Thomas Dr is 2005.

Rocket HomesFloridaBay CountyPanama City324087420 Thomas Dr

This home is located at 7420 Thomas Dr in Panama City, FL and zip code 32408 in the Holiday Beach neighborhood. This 2,375 square foot home, which was built in 2005, sits on a 0.07 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 23, 2024 and is currently priced at $1,000,000.

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 inventory of homes for sale in Panama City, FL between September 2024 and October 2024 decreased by 1.7%. Listings spent 77 days on the market in October 2024, and had a median list price of $339,477 during the same period.

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

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