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$859,000

Beds
4
Baths
2.0
sq ft
2,260

6808 Thomas Dr, Panama City, FL 32408

6808 Thomas Dr

Panama City Beach, FL 32408

  • 47 days on market
    • Price drop $20,000↓
Charming 4-bedroom beach house on desirable Thomas Drive, just a 3-minute walk from the pristine beach! This beautifully furnished, turn-key home is ready to become your dream coastal getaway or a lucrative investment opportunity. With rental income potential exceeding $100K+ and stellar 5-star reviews, it's an ideal choice for investors seeking exceptional returns--without the burden of HOA fees or flood insurance. Gross Revenue of $73K+ already in the books for March thru August with 6 months remaining for potential bookings!Guests will be captivated by the stunning backyard, featuring a brand-new saltwater gunite pool and low-maintenance turf, perfect for relaxation and entertainment. The spacious living and dining areas offer plenty of room to gather, and the home comfortably accommodates up to 12 guests, with a maximum occupancy of 14. Newly renovated bathrooms and a cozy fireplace add an extra touch of elegance and warmth.Located within walking distance to a variety of shops and restaurants, this property is the ultimate blend of convenience and luxury. Whether you're looking for an income-generating investment or a beachside retreat, this home is a must-see!

Details

Property type

Single Family Residence

Est. home value

$923,915

Lot size

5,968 sq ft

Price per sq ft

$381

Year built

2018

Annual property taxes

$6,131.35

HOA

No

Price History

02/17/2025
CentralPanhandle

CentralPanhandle #766871

Price change
$859,000
-2.28%
01/05/2025
CentralPanhandle

CentralPanhandle #766871

Listed
$879,000
-4.97%
06/14/2024
CentralPanhandle

CentralPanhandle #756250

Sold
$925,000
-5.76%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Sidewalks

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

$393,057
Asking price
$859,000
Closing costs (~8% of asking)
-$68,720
Est. remaining loan balance
-$397,223
Cash to seller
$393,057

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

September 2019

Original loan amount

$445,500

Est. remaining balance

$397,223

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Dylan Lucas

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?

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Status: Active

Tomo last checked: 02/23/2025 at 1:05 AM

Listing updated: 02/17/2025 at 4:49 PM

Listed by: Kelli Lazidis, RE Florida Homes Phone #: (954) 589-7099

MLS: CentralPanhandle #766871

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