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$975,000

Beds
4
Baths
4.0
sq ft
2,396

5312 Thomas Dr, Panama City, FL 32408

5312 Thomas Dr

Panama City Beach, FL 32408

  • <1 day on market
Welcome to Panama City Beach! This impressive three-story rental property offers breathtaking views of the Gulf and is ideally situated in the highly desirable East End of Panama City Beach. It is one of two units available for purchase together or separately. Together, both units will accommodate up to 29 guests, which is perfect for large groups of various kinds. 5312 Thomas Drive is a highly rated unit that can host up to 16 guests and features stunning Gulf views, private balconies, and a heated backyard pool. The first floor boasts an open-concept layout that includes a living area, dining area, kitchen, a full-sized laundry room, a half bath, and two entrances to the pool area. A primary poolside bedroom has a king-size bed and a separate private twin bed, complete with an ensuite bathroom featuring double sinks and a custom walk-in shower. On the second floor, you'll find two spacious balconies on both the front and back of the second floor, providing perfect spots to enjoy views of the Gulf or the pool area. This level has a bedroom with a king bed and a private seating area, a four-piece ensuite bathroom with a double vanity, and another bedroom furnished with two queen beds and an ensuite bathroom. The property showcases hardwood and tile flooring, granite countertops, and a fully equipped laundry room. Both the first and second floors feature 10-foot high ceilings. The third floor includes a balcony with Gulf views, arcade games, a queen bed, a bunk bed, a smart TV, a wet bar, and a half bath. The building is constructed with hardwood floors, solid wood cabinets, Hardie board siding, a metal roof, and brick pavers for the driveway, enhancing its overall charm. It is just a short walk away from several restaurants and gift shops. Additionally, nearby marinas provide opportunities for boat or jet ski rentals, parasailing, and pirate cruises. Call your favorite Realtor today to schedule a tour; 2024 Rental totals are available upon request.

Details

Property type

Single Family Residence

Est. home value

$936,910

Lot size

3,485 sq ft

Price per sq ft

$407

Year built

2006

Annual property taxes

$8,426

HOA

No

Price History

03/09/2025
CentralPanhandle

CentralPanhandle #770278

Listed
$975,000
+34.48%
08/20/2021
CentralPanhandle

CentralPanhandle #714197

Sold
$725,000
+59.34%
01/05/2017
CentralPanhandle

CentralPanhandle #651695

Sold
$455,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Sidewalks

Number of units in community: 

1

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$394,644
Asking price
$975,000
Closing costs (~8% of asking)
-$78,000
Est. remaining loan balance
-$502,356
Cash to seller
$394,644

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bayway Mortgage Group

Loan start date

August 2021

Original loan amount

$543,750

Est. remaining balance

$502,356

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Bich N Pham

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/14/2025 at 1:50 AM

Listing updated: 03/13/2025 at 2:00 PM

Listed by: Melany Hathcock, CENTURY 21 Ryan Realty Inc Phone #: (850) 233-7926

MLS: CentralPanhandle #770278

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