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Lower Grand Lagoon 32408 Crescent Beach
6727 Thomas Drive
Photo of 6727 Thomas Drive

23

Map

Photo of 6727 Thomas Drive
Photo of 6727 Thomas Drive
$495,000
● Land - For Sale

6727 Thomas Drive

Panama City Beach, FL 32408
bedrooms
Studio
bathrooms
0 Bath
$2,648
Est. Monthly
5.03%
Cap Rate

About This Property

Great vacant lot on the south side of Thomas Dr that allows short term rentals. Just a short walk to the beach, this cleared lot is ready to build either your dream home or a cash producing income investment. The lot measures 50' x 109' and is less than 500 feet from the crystal quartz sands of the Gulf of Mexico. Possible Gulf views with a 2 or 3 story home, this site is ready to build with power, public water and sewer hookups. The lot is zoned SR-2 which is seasonal resort, perfect for short term seasonal rentals. Just a short drive away is beautiful St. Andrews St Park which has camping, fishing, snorkeling, surfing, and boat launch. Restaurants, entertainment, and shopping are all within close proximity as well.
Unit Size
-
Days on Market
45 days
Land Size
0.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$217
HOA Dues
-
Year Built
-

Listed By

Robert G Stalvey
[email protected]
Superior Of Florida, LLC.

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago ( #795981)

Price History

Date / Event Date Event Price
Sep 29, 2026 Listed by Superior Of Florida, LLC. $495,000
Listed by Superior Of Florida, LLC.
Sep 29, 2023 No longer available -
No longer available
Sep 28, 2023 Sold
Premium
Sold
Aug 10, 2023 In contract -
In contract
Jun 26, 2023 Listed by Superior Of Florida, LLC. $398,900
Listed by Superior Of Florida, LLC.
Show More

Property Highlights

Exterior Details
Lot Features: Paved
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5227
Lot Size Dimensions: 50.0 ft x 109.0 ft
Financial Details
Tax Annual Amount: $2,607
Utilities Details
Sewer : Public Sewer

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,445
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: CRESCENT BEACH
  • Land Acres: 0000000125
  • Standard Land Use Code: 8000
  • County Land Use Code: 000000
  • Legal Description 1: CRESCENT BEACH UNIT # 1 LOT 1 BLK 12 ORB 4735 P 1257

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002606

Zoning

  • Zoning: BC23

Geography

  • Parcel: 30853-000-000
  • Block: 12
  • Lot: 1
  • Meridian: SEC 08 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1548
  • Longitude: -85.7703

    Address

  • Full Address: 6727 Thomas Dr
  • Legal Unit: 1
  • Address - House Number: 6727
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C088
  • 4-Digit Zip Code: 6141
  • Zip Code: 32408

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $183,025
  • Tax Rate Code Area: 056

    Market Valuation

  • Market Total Value: $171,555
  • Market Land Value: $171,555

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $126,732

    Sales

  • Current Sale Contract Date: Sep 27, 2023
  • Current Sale Recording Date: Sep 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 61791
  • Previous Sale Recording Date: Sep 03, 2019
  • Previous Sale Contract Date: Aug 23, 2019
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Crescent Beach

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$232

Below Asking

0.07%

Average Days on Market

83

Average Home Size

2737 ft²

Average Home Age

35.5 years

Currently For Sale

4 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 6727 Thomas Drive built and last sold?
The property at 6727 Thomas Drive was built in and last sold on Sep 27, 2023 for $375,000.
How much is this home worth?
The estimated value of the home located at 6727 Thomas Drive is $499,950.
What are some comparable homes to 6727 Thomas Drive?
There are currently no comparable homes to 6727 Thomas Drive.
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