See Home Value
$1,112,500
● House - Off Market

7028 Thomas Drive

Panama City Beach, FL 32408
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,048 Ft²
$6,464
Est. Monthly

About This Property

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS - A premier investment and luxury coastal retreat, this custom beach home is positioned just a short 5-minute walk from Public Beach Access 15 and the iconic emerald waters of Panama City Beach. Purposefully designed to host large groups, it sleeps up to 19 guests and delivers impressive rental projections exceeding $130,000 annually. The open main level showcases a gourmet kitchen with granite countertops, stainless steel appliances, and walk-in pantry flowing seamlessly to the covered patio, private pool, and outdoor shower. The primary suite provides resort-style comfort with a soaking tub, walk-in shower, and spacious closet, while multiple bunk rooms including a third-floor bunk suite with lounge area enhance rental versatility. A second-floor family room with a wet bar opens to a sunset-view sundeck ideal for entertaining. Perfectly located on the desirable East End near local favorites like Schooners and FINNS Barista Bar & Snack Shack, this fully furnished property offers superior guest appeal and proven performance in one of PCB's strongest rental corridors.
Unit Size
3,048 Ft²
Days on Market
58 days
Land Size
0.14 acres
Price per sqft
$387
Property Type
House
Property Taxes
$675
HOA Dues
-
Year Built
-

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Last updated: 4 months ago (ECAR #988441)

Price History

Date / Event Date Event Price
Jun 12, 2026 Sold
Sold
May 13, 2026 In contract -
In contract
Apr 21, 2026 Price Decreased $1,179,000
↓ $60K (4.8%)
Price Decreased
Mar 3, 2026 Price Decreased $1,239,000
↓ $60K (4.6%)
Price Decreased
Feb 6, 2026 Price Decreased $1,299,000
↓ $55K (4.1%)
Price Decreased
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 5,967
  • Lot Size Depth Feet: 1,200
  • 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: HOLIDAY BEACH
  • Land Acres: 0000000137
  • Standard Land Use Code: 8001
  • County Land Use Code: 000070
  • State Land Use Code: 10
  • Legal Description 1: HOLIDAY BEACH UNIT #12 LOT 3 BLK U ORB 4605 P 1069

Neighborhood

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

Zoning

  • Zoning: BC03

Geography

  • Parcel: 30804-000-000
  • Block: U
  • Lot: 3
  • Meridian: SEC 08 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1577
  • Longitude: -85.7731

    Address

  • Full Address: 7028 Thomas Dr
  • Legal Unit: 12
  • Address - House Number: 7028
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Zip Code: 32408

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $185,740
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 056

    Market Valuation

  • Market Total Value: $148,561
  • Market Land Value: $148,560
  • Market Improvement Value: $1

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $148,561
  • Assessed Land Value: $148,560
  • Assessed Improvements Value: $1

    Sales

  • Current Sale Contract Date: Aug 22, 2022
  • Current Sale Recording Date: Aug 31, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 64974
  • Previous Sale Recording Date: Jul 23, 2021
  • Previous Sale Contract Date: Jul 23, 2021
  • Previous Sale Amount: $450,000
  • 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

About Holiday Beach


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Frequently Asked Questions

When was property at 7028 Thomas Drive built and last sold?
The property at 7028 Thomas Drive was built in and last sold on Aug 22, 2022 for $250,000.
How much is this home worth?
The estimated value of the home located at 7028 Thomas Drive is $0.
What are some comparable homes to 7028 Thomas Drive?
There are currently no comparable homes to 7028 Thomas Drive.