See Home Value
$515,000
● House - Off Market

5308 Thomas Drive

Panama City Beach, FL 32408
bedrooms
3 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
2,396 Ft²
$755,530
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Huge Income producer with upwards of $82k gross in 2019.Sleeps up to 14,

3 bedroom,  3 full baths & 2 half baths with new granite counter tops. Public beach access #6 is only 0.2 miles away. Spend your day at the beach and then walk on over to SCHOONERS (0.3 miles away) for dinner with a view of the SUNSET on the BEACH. This home has 3 MASTER SUITES with 1 on the FIRST FLOOR, 3 BALCONIES, , Exterior features include a BRICK PAVED DRIVEWAY, TROPICAL LANDSCAPING, SPRINKLER SYSTEM, a PRIVATE, IN GROUND POOL, HARDIE BOARD SIDING, and a METAL ROOF. NO HOA!! This is a great investment opportunity with a documented rental track record! Call and make an appointment today! SEE RENTAL HISTORY BELOW! # of nights booked:

2017 - 178 nights

2018 - 290 nights

2019 - 294 nights

Gross Income

2017 = $69,500

2018 = $78,400

2019 = $82,300

2020 is tracking to be higher than 2019
Unit Size
2,396 Ft²
Days on Market
129 days
Land Size
0.21 acres
Price per sqft
$227
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
2006

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Last updated: 3 months ago ( #695519)

Price History

Date / Event Date Event Price
Jul 28, 2020 Sold
Sold
Mar 18, 2020 Listed by Beach Haven Realty $544,900
Listed by Beach Haven Realty
Jul 1, 2016 Sold
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 63
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 3,615
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 330
  • Total Building Area: 2,396
  • Gross Building Area: 2,396
  • Building Area: 2,396
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,396
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GULF LAGOON BEACH
  • Land Acres: 0000000083
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: GULF LAGOON BEACH SELY 33.34 OF LOT 7 BLK 18 AKA PCL C ORB 4370 P 1765

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002607

Zoning

  • Zoning: BC03

Geography

  • Parcel: 32377-020-000
  • Block: 18
  • Lot: 7
  • Meridian: SEC 16 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1433
  • Longitude: -85.7549

    Address

  • Full Address: 5308 Thomas Dr
  • Address - House Number: 5308
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C009
  • 4-Digit Zip Code: 6708
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 2,526
  • Tax Year: 2023
  • Tax Amount: $814,494
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2339
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 875,380
  • High Value: 1,080,213
  • Low Value: 670,547

    Market Valuation

  • Market Total Value: $648,260
  • Market Land Value: $90,288
  • Market Improvement Value: $557,972

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $648,260
  • Assessed Land Value: $90,288
  • Assessed Improvements Value: $557,972

    Sales

  • Current Sale Contract Date: Jul 24, 2020
  • Current Sale Recording Date: Jul 28, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020048880
  • Previous Sale Recording Date: Jul 01, 2016
  • Previous Sale Contract Date: Jun 28, 2016
  • Previous Sale Amount: $342,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gulf Lagoon Beach


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Frequently Asked Questions

When was property at 5308 Thomas Drive built and last sold?
The property at 5308 Thomas Drive was built in 2006 and last sold on Jul 24, 2020 for $515,000.
How much is this home worth?
The estimated value of the home located at 5308 Thomas Drive is $548,246.
What are some comparable homes to 5308 Thomas Drive?
There are currently no comparable homes to 5308 Thomas Drive.