Check Availability
$889,500
● House - For Sale

5405 Thomas Drive

Panama City Beach, FL 32408
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
$4,895
Est. Monthly

About This Property

Located just steps from the sugar-white sands of Panama City Beach's quiet east end, this beach home combines the best of location, functionality, and flexibility.

With no HOA and the freedom to offer short-term rentals, this property is ideal for a serene retreat, full-time residence, or vacation rental. The thoughtfully designed layout spans multiple levels, ensuring both privacy and spaces for gathering.

The first floor features three bedrooms, two full baths with granite countertops, and a convenient laundry area.

Ascend to the second floor to a spacious great room with cathedral ceilings, beautiful hardwood floors, and an open kitchen. Stainless steel appliances, a kitchen island and breakfast bar make this space functional and inviting - perfect for hosting or enjoying casual meals. Step out onto the second-floor balcony to enjoy a morning coffee or the evening breezes. The master suite on this level creates a private sanctuary, complete with a well-appointed bathroom featuring a walk-in shower and separate water closet.

On the third floor, you will find another balcony and a versatile loft area that can be transformed according to your needs - whether as an additional bedroom, game room, or entertainment hub.

Outside, the fenced yard and patio area provide a private space for relaxation or gatherings.

Located just a short stroll from local favorites like Schooner's and a quick drive to St Andrews State Park, marinas, golf, shopping and dining, this home offers the perfect blend of peaceful seclusion and convenient access to attractions.

If versatile design, spacious living, and steps-to-the-beach convenience are on your wish list, make it a point to see this home. Call to schedule a private tour today!
Unit Size
-
Days on Market
40 days
Land Size
0.07 acres
Price per sqft
-
Property Type
House
Property Taxes
$526
HOA Dues
-
Year Built
2005

Listed By

Craig Duran
Berkshire Hathaway HomeServices Beach Properties of Florida

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago ( #794319)

Price History

Date / Event Date Event Price
Aug 17, 2026 Listed by Berkshire Hathaway HomeServices Beach Properties of Florida $889,500
Listed by Berkshire Hathaway HomeServices Beach Properties of Florida
Apr 20, 2022 Sold
Sold
Jun 29, 2009 Sold
Sold
May 24, 2007 Sold
Sold

Property Highlights

Air Conditioning
Parking Details
Has Garage
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Double Vanity, Smart Home, Walk-In Closet(s), UpperLevelPrimary, Loft
Appliances: Electric Oven, Electric Range, Electric Water Heater, Ice Maker
Door Features: Storm Door(s)
Rooms: 7
Exterior Details
Square Footage Source: $0
Security Features: Security System
Architectural Style: Coastal
Year Built: 2005
Building Area Total: 2801
Construction Materials: Stucco
Patio and Porch Features: Covered, Porch, Balcony
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Lot Size Square Feet: 25115
Lot Size Dimensions: 25.0 ft x 115.0 ft
Financial Details
Tax Annual Amount: $6,318
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Electric
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 260
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,874
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,797
  • Gross Building Area: 2,797
  • Building Area: 2,537
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,537
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GULF LAGOON BEACH
  • Land Acres: 0000000066
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: GULF LAGOON BEACH PT OF LOT 22 BLK 7 DESC AS: COM AT THE NWLY COR LOT 22 TH SELY 25 FOR POB TH SWLY 60.30 SELY 2.04 SWLY 11.90 NWLY 4 SWLY 11.90 SELY 1.97 SWLY 30.90 SELY 25 NELY 115 NWLY 25 TO POB ORB 4553 P 95

Neighborhood

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

Zoning

  • Zoning: BC23

Geography

  • Parcel: 32303-000-000
  • Block: 7
  • Lot: 22
  • Meridian: SEC 16 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1437
  • Longitude: -85.7564

    Address

  • Full Address: 5405 Thomas Dr
  • Address - House Number: 5405
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C009
  • 4-Digit Zip Code: 6709
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 2,802
  • Tax Year: 2023
  • Tax Amount: $928,846
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.0983
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 90
  • Final Value: 1,265,031
  • High Value: 1,389,468
  • Low Value: 1,140,594

    Market Valuation

  • Market Total Value: $739,723
  • Market Land Value: $56,133
  • Market Improvement Value: $683,590

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $739,723
  • Assessed Land Value: $56,133
  • Assessed Improvements Value: $683,590

    Sales

  • Current Sale Contract Date: Apr 15, 2022
  • Current Sale Recording Date: Apr 20, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29428
  • Previous Sale Recording Date: Jun 29, 2009
  • Previous Sale Contract Date: Jun 05, 2009
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: 68
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


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 5405 Thomas Drive built and last sold?
The property at 5405 Thomas Drive was built in 2005 and last sold on Apr 15, 2022 for $900,000.
How much is this home worth?
The estimated value of the home located at 5405 Thomas Drive is $898,395.
What are some comparable homes to 5405 Thomas Drive?
There are currently no comparable homes to 5405 Thomas Drive.