6905 Thomas Drive #310
About This Property
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2025 | Sold | ||
| Sold | |||
| Aug 17, 2025 | In contract | - | |
| In contract | |||
| Feb 27, 2025 | Listed by EXP Realty LLC | $415,000 | |
| Listed by EXP Realty LLC | |||
| |||
|
Absolutely Breathtaking Gulf-Front Condo at Pelican Walk - Sold Furnished!
This is the one you've been waiting for—the most stunning condo to hit the market at Pelican Walk. A west-facing unit with unobstructed views of the Gulf of Mexico, sugar-white sands, and dazzling sunsets, this third-floor condo offers the perfect blend of luxury, comfort, and coastal charm.
From floor to ceiling, every inch of this non-rental unit has been meticulously updated with high-end finishes, ensuring a pristine, like-new condition with zero wear and tear. Beautifully decorated, the interior features hardwood and tile flooring (no carpet), large crown molding, and vibrant artwork, many signed and numbered, all in custom frames.
The spotless kitchen boasts granite counter-tops, a porcelain farmhouse sink, custom cabinetry, a spacious pantry making it both stylish and functional. The primary suite is a true retreat, featuring a top-of-the-line I-Comfort King mattress and a spa-like bathroom with a tiled shower and glass doors. A front-loading washer and dryer add convenience.
This condo is sold fully furnished, including spectacular artwork, making it completely move-in or rental-ready.
Step onto the private balcony overlooking the heated Gulf-front pool and the emerald-green waters of the Gulf, and enjoy breathtaking views. Located on the third floor, you have the option to take the stairs or the newly updated elevators for quick access.
Looking for storage? A utility closet right outside your front door provides the perfect space for all your beach chairs and toys.
Resort-Style Amenities at Pelican Walk Include:
- Two Gulf-front pools (one heated)
- Sauna and hot tub
- Racquetball court, shuffleboard, and pickle-ball/tennis courts
- Pet walk and lush landscaping with a central fountain
- Two large, well-appointed grilling areas
- Spacious community room for gatherings
Located in one of the most desirable resorts on Panama City Beach, Pelican Walk offers a quiet, Gulf-front experience while being just minutes from the area's top attractions:
- Close to restaurants, shopping, and nightlife
- A few miles from Pier Park
- Easy access to entertainment and outdoor activities
When we say there's nothing to do but bring your flip-flops and sunscreen, we mean it. Whether you're looking for a dream second home or an investment with excellent rental potential, this condo is a rare find.
Come tour today!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/27/2025
|
1 Bed
|
2 Bath
|
-
|
$425,000
1 Bed
2 Bath
|
$400,000
-5.88%
09/16/2025
|
Bubba McCants
Counts Real Estate Group Inc
| |
|
05/02/2024
|
1 Bed
|
2 Bath
|
835 ft²
|
$429,900
1 Bed
2 Bath
835 ft²
|
-
-
|
Shellie Watson
Keller Williams Success Realty
| |
|
01/23/2024
|
3 Bed
|
2 Bath
|
1550 ft²
|
$725,000
3 Bed
2 Bath
1550 ft²
|
-
-
|
Carole Lea Gilman
Counts Real Estate Group Inc
| |
|
09/27/2023
|
2 Bed
|
2 Bath
|
1430 ft²
|
$675,000
2 Bed
2 Bath
1430 ft²
|
-
-
|
Tammy Womack
Dalton Wade Inc
| |
|
09/25/2023
|
1 Bed
|
2 Bath
|
835 ft²
|
$449,900
1 Bed
2 Bath
835 ft²
|
-
-
|
Tammy Womack
Dalton Wade Inc
| |
|
08/15/2023
|
1 Bed
|
2 Bath
|
835 ft²
|
$450,000
1 Bed
2 Bath
835 ft²
|
$435,000
-3.33%
10/10/2023
|
Tammy Womack
Dalton Wade
| |
|
04/10/2023
|
2 Bed
|
2 Bath
|
1650 ft²
|
$469,900
2 Bed
2 Bath
1650 ft²
|
-
-
|
Alan W Graham
Counts Real Estate Group Inc
| |
|
07/05/2022
|
1 Bed
|
3 Bath
|
835 ft²
|
$425,000
1 Bed
3 Bath
835 ft²
|
-
-
|
Stephanie M Creel
Beachy Beach Real Estate
| |
|
03/31/2022
|
1 Bed
|
2 Bath
|
835 ft²
|
$410,000
1 Bed
2 Bath
835 ft²
|
-
-
|
Greg B Taylor
Counts Real Estate Group Inc
| |
|
08/28/2021
|
1 Bed
|
2 Bath
|
835 ft²
|
$399,900
1 Bed
2 Bath
835 ft²
|
$368,000
-7.98%
09/29/2021
|
Gabriel Stephani
Pineapple Properties
| |
|
07/16/2021
|
3 Bed
|
2 Bath
|
1550 ft²
|
$559,000
3 Bed
2 Bath
1550 ft²
|
$541,200
-3.18%
09/01/2021
|
Marla A Meyer
Shorelines Real Estate LLC
| |
|
07/03/2021
|
1 Bed
|
2 Bath
|
835 ft²
|
$329,000
1 Bed
2 Bath
835 ft²
|
-
-
|
At The Beach Team
Keller Williams Realty Destin
| |
|
04/12/2021
|
3 Bed
|
2 Bath
|
1550 ft²
|
$499,000
3 Bed
2 Bath
1550 ft²
|
$510,000
+2.20%
04/28/2021
|
Marla A Meyer
Shorelines Real Estate LLC
| |
|
07/13/2020
|
1 Bed
|
2 Bath
|
835 ft²
|
$235,000
1 Bed
2 Bath
835 ft²
|
$232,500
-1.06%
08/21/2020
|
Tricia McGrath
Sugar Shore Properties
| |
|
07/29/2019
|
3 Bed
|
2 Bath
|
1650 ft²
|
$584,900
3 Bed
2 Bath
1650 ft²
|
$510,000
-12.81%
02/19/2020
|
DJ Janovyak
| |
|
02/11/2019
|
1 Bed
|
2 Bath
|
835 ft²
|
$226,000
1 Bed
2 Bath
835 ft²
|
$220,500
-2.43%
08/12/2019
|
Harry M Tice
Top Producers Real Estate Center
| |
|
05/04/2018
|
3 Bed
|
3 Bath
|
2950 ft²
|
$695,000
3 Bed
3 Bath
2950 ft²
|
$615,000
-11.51%
08/04/2018
|
Cliff Glansen
FLATFEE.COM
| |
|
04/12/2018
|
2 Bed
|
2 Bath
|
1450 ft²
|
$385,000
2 Bed
2 Bath
1450 ft²
|
$365,750
-5.00%
05/15/2018
|
Marla A Meyer
Shorelines Real Estate LLC
| |
|
08/26/2015
|
2 Bed
|
2 Bath
|
1430 ft²
|
$269,000
2 Bed
2 Bath
1430 ft²
|
$255,000
-5.20%
04/01/2016
|
Craig Duran
Berkshire Hathaway HomeServices Beach Properties of Florida
| |
|
06/12/2012
|
2 Bed
|
2 Bath
|
1650 ft²
|
$315,000
2 Bed
2 Bath
1650 ft²
|
$259,000
-17.78%
04/30/2013
|
Jacquelyn Barnhart
East Pass Realty Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017