5509 Thomas Drive, Panama City, FL 32408

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List Price
$1,349,900
Price Change
▼ $100,000 1790820036
MLS#
796073
Bedrooms
4
Bathrooms
4
Full-baths
3
Half-baths
1
Acres
0.13
Lot Size
5,663
Subdivision
Beachside
Year Built
2020

Property Description

Live the Panama City Beach lifestyle you've been dreaming of--just steps from the Gulf of America! Originally built as the developer's personal residence, this distinctive coastal home is ideally positioned on a desirable corner lot and offers 4 bedrooms and 3.5 bathrooms, including two spacious master suites with plenty of room and privacy for family and guests. Expansive wraparound balconies finished with beautiful brick pavers create an inviting extension of the living space--perfect for entertaining, relaxing in the coastal breeze, or taking in the Gulf views. A large inground pool provides your own private retreat for sunny Florida days and gatherings with family and friends. Located in a golf cart-friendly community near marinas, St. Andrews State Park, popular restaurants, shopping, and the beach, the location puts the best of Panama City Beach within easy reach. Short-term rentals are allowed, adding excellent flexibility for buyers seeking a primary residence, second home, or investment property. Rental projections indicate potential gross rental income upwards of $130,000 annually, subject to rental management, occupancy, rates, and market conditions. With its prime location, generous outdoor living spaces, private pool, Gulf views, and strong rental potential, this property offers an exciting opportunity to own a piece of the Panama City Beach lifestyle.

Additional Information

Waterview
Gulf
Pool
Yes
Stories
2
Interior Features
Double Vanity, Main Level Primary, Separate Shower, Walk-In Closet(s)
Exterior Features
Patio, Outdoor Shower
Lot Dimensions
50.0 ft x 115.0 ft
Appliances
Electric Cooktop, Electric Oven, Electric Water Heater
Elementary School
Patronis
Middle School
Breakfast Point
High School
Arnold

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Calculator source: Real Geeks

Listing courtesy of Emerald Coast Realty Group.