5 months on rocket

7426 Thomas Dr, Panama City Beach, FL, 32408

$979,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
2,375 SqFt
$412/SqFt
House

Location

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7426 Thomas Dr, Panama City$979,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built2005
HeatingCentral
CoolingCentral Air
FireplaceFireplace
ViewGulf
Private PoolYes
MLS #953058
Lot Size0.06 Acres
StatusActive

About 7426 Thomas Dr

Welcome to 7426 Thomas Drive, a luxurious retreat nestled just steps away from the pristine white sands of Panama City Beach and waters edge. This spectacular, fully furnished beach house offers the ultimate coastal living experience, boasting an inground private pool and almost 2400 sq ft. of living space spread over three bedrooms and three and a half bathrooms. The top loft level is currently utilized as an additional living area and a fourth bedroom, offering versatile space for guests. The spacious living room, featuring a cozy fireplace, seamlessly flows into the chefs kitchen, creating an inviting atmosphere for relaxation and entertainment. A charming entryway cabinet off the secondary entrance on the first floor provides convenient storage for guests shoes and belongings. There is also a spare bedroom equipped with a queen bed and private ensuite bathroom on the first level. The primary bedroom, located on the second level, includes a private balcony and a lavish ensuite bathroom with granite countertops, a walk-in tiled shower, and a jetted tub. Also on the second floor, an additional bedroom features two double bunk beds and an ensuite bathroom, making it ideal for children and additional guests. The third level contains two double bunk beds and a pull-out couch for added sleeping space, a wet bar with a sink and dishwasher, and a half bath. The top deck offers unobstructed views of the Gulf of Mexico and Rick Selzer Park, where you can enjoy easy access to Panama City Beach. This meticulously maintained beach house comfortably accommodates 15 guests with 10 beds, making it a lucrative option for vacation rentals or a personal getaway. Recent updates include two newer HVAC units, luxury vinyl plank flooring in the bedrooms, three hurricane rated exterior doors, new refrigerator and interior paint (2024), durable washer and dryer (2021), full metal roof replacement (2020) along with new deck boards on the third story sundeck, pool resurfaced and new plaster (2022), and new tankless water heater (2023). Enjoy the freedom of no homeowner association (HOA) fees. Located in flood zone X, this property does not require flood insurance. Dont miss the opportunity to experience this exquisite property. Schedule your private viewing today and embrace the luxury of coastal living at 7426 Thomas Drive.

Property Details

Property Features

Property Information:

  • Architectural Style: Beach House
  • Year Built: 2005
  • Stories: 3
  • Living Area: 2,375 SqFt

Listing Office:

  • Office Name: ERA Neubauer Commercial
  • Office Email: tom.neubauer@era.com
  • Listing Agent: Kaci A Hawes

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Microwave, Refrigerator, Refrigerator, Ice Maker, Electric Oven
  • Flooring Type: Tile
  • Interior: Breakfast Bar, Fireplace, Recessed Lighting, Newly Painted, Washer/Dryer Hookups
  • Fireplace: Fireplace

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Gulf
  • Exterior: Fenced Back Yard, Fenced Lot-All, Fenced Privacy, Patio Covered, Pool - In-Ground, Porch

Virtual/3D Tour

  • 3D Tour: 7426 Thomas Dr
3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Publix on Thomas Drive, continue south on Thomas Drive for approximately 1.6 miles. Use the right two lanes to turn right and stay on Thomas Dr. Continue approximately 2.2 miles and the destination will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $979,000
  • Price Per SqFt: $412/SqFt

Tax Information:

  • Annual Amount: $2,683
  • 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

7426 Thomas Dr vs Panama City

151 DAYS ON ROCKET

+74 Days

$979,000

+$639.5K More

$412/SqFt

+$210 More

KEY TAKEAWAY

This property is $639.5K more than the Median Sold Price and $210/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Emerald Coast Association of REALTORS®
  • MLS Number: #953058

Listing Office:

  • Office Name: ERA Neubauer Commercial
  • Office Email: tom.neubauer@era.com
  • Listing Agent: Kaci A Hawes

IDX Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. 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, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,683$255,006
2018$2,629$244,625
2017$2,661$245,379

History based on county public records data.

Payment Calculator

$4,954

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,002

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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-472324
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.06 miles

  • Public District Grades KG-5

school-card-donut-472325
5
/10

  • Hutchison Beach Elementary School

  • 12900 Hutchison Blvd

  • 4.46 miles

  • Public District Grades KG-5

school-card-donut-472326
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 4.50 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 $73,465. Typical income of Panama City, FL residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7426 Thomas Dr

What is the listing price of this property?

The listing price of 7426 Thomas Dr property is $979,000.

What type of property is this?

The property 7426 Thomas Dr is a house located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 7426 Thomas Dr 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 $2,683 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7426 Thomas Dr has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 7426 Thomas Dr is 2,375 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7426 Thomas Dr is 2005.

Rocket Homes›Florida›Bay County›Panama City›32408›7426 Thomas Dr

This home is located at 7426 Thomas Dr in Panama City Beach, FL and zip code 32408 in the Holiday Beach neighborhood. This 2,375 square foot home, which was built in 2005, sits on a 0.06 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $979,000.

In October 2024 more than 16 listings in Panama City, FL were sold above the asking price. During the same period more than 40 listings were sold at asking price, while more than 138 were sold below. Between September 2024 and October 2024, Panama City, FL real estate market has seen decrease in the number of listings by 1.7%. 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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