Check Availability
$989,000
↓ $10K (1%)
● House - For Sale

5522 Thomas Drive

Panama City, FL 32408
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,095 Ft²
$5,476
Est. Monthly

About This Property

Gulf-View Coastal Retreat | Prime Investment + Luxury Living

Welcome to your private tropical oasis--this beautifully updated and professionally designed home offers stunning Gulf views, exceptional indoor-outdoor living, and outstanding short-term rental potential in one of the most desirable areas along Thomas Drive.
Thoughtfully curated with high-end finishes, lush landscaping, and inviting entertaining spaces, this property is built to impress both owners and guests alike. The open-concept living, dining, and kitchen area on the second floor is filled with natural light and flows seamlessly onto a spacious balcony--perfect for taking in Gulf views and coastal breezes.
With two master suites plus two additional generously sized bedrooms, this home comfortably accommodates large groups, maximizing occupancy and rental income. The first-floor master suite features a private entrance and lock-out capability, creating the ideal setup for a separate rental unit or flexible guest quarters--an investor's dream for dual-income potential.
Step outside to your own fenced backyard retreat, complete with a 7-person hot tub, designed for relaxation and memorable guest experiences that drive repeat bookings and top-tier reviews.
Located just steps from the beach and minutes from dining, entertainment, and outdoor adventure--including St. Andrews State Park--this home offers the perfect balance of privacy and accessibility in a high-demand vacation market.
Investment Highlights:
• Strong Airbnb / VRBO income potential
• Flexible lock-out floor plan for multiple revenue streams
• Gulf views + walkable beach access (premium nightly rates)
• Turnkey condition--ideal for immediate rental or personal use
• Located in a proven high-demand vacation rental corridor.
Whether you're looking for a high-performing investment or a luxurious coastal escape, this property truly offers the best of both worlds.
(Buyer to verify all information and dimensions deemed important.)
Unit Size
2,095 Ft²
Days on Market
241 days
Land Size
0.13 acres
Price per sqft
$472
Property Type
House
Property Taxes
$619
HOA Dues
-
Year Built
2019

Listed By

Lynn Wardlaw
Beachy Beach Real Estate

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Last updated: 3 months ago ( #786911)

Price History

Date / Event Date Event Price
Aug 18, 2026 Price Decreased $989,000
↓ $10K (1%)
Price Decreased
Mar 17, 2026 Listed by Beachy Beach Real Estate $999,000
Listed by Beachy Beach Real Estate
Sep 29, 2022 Sold
Sold
Dec 22, 2020 Sold
Sold
Dec 21, 2017 Sold
Sold
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Property Highlights

Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: MainLevelPrimary
Appliances: Bar Fridge, Electric Cooktop, Electric Oven
Flooring Type: Plank, Vinyl
Rooms: 4
Exterior Details
Square Footage: 2095
Square Footage Source: $0
Architectural Style: Coastal
Year Built: 2019
Building Area Total: 2095
Patio and Porch Features: Deck, Patio, Balcony
Lot Features: Paved
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5663
Lot Size Dimensions: 50 x 110
Financial Details
Tax Annual Amount: $7,430
Utilities Details
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 5
  • Floor Count: 200
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,488
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,095
  • Gross Building Area: 2,095
  • Building Area: 2,095
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,095
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GULF LAGOON BEACH
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 10
  • Legal Description 1: GULF LAGOON BEACH LOT 3 BLK 16 ORB 4615 P 272

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002604

Zoning

  • Zoning: BC03

Geography

  • Parcel: 32363-000-000
  • Block: 16
  • Lot: 3
  • Meridian: SEC 16 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1454
  • Longitude: -85.7575

    Address

  • Full Address: 5522 Thomas Dr
  • Address - House Number: 5522
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 2,215
  • Tax Year: 2023
  • Tax Amount: $728,088
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2425
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 66
  • Final Value: 756,519
  • High Value: 940,004
  • Low Value: 573,035

    Market Valuation

  • Market Total Value: $579,149
  • Market Land Value: $136,800
  • Market Improvement Value: $442,349

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $579,149
  • Assessed Land Value: $136,800
  • Assessed Improvements Value: $442,349

    Sales

  • Current Sale Contract Date: Sep 22, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 71616
  • Previous Sale Recording Date: Dec 22, 2020
  • Previous Sale Contract Date: Dec 18, 2020
  • Previous Sale Amount: $595,000
  • 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

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Frequently Asked Questions

When was property at 5522 Thomas Drive built and last sold?
The property at 5522 Thomas Drive was built in 2019 and last sold on Sep 22, 2022 for $915,000.
How much is this home worth?
The estimated value of the home located at 5522 Thomas Drive is $1,000,637.
What are some comparable homes to 5522 Thomas Drive?
There are currently no comparable homes to 5522 Thomas Drive.