tomo logo

$744,999

Beds
3
Baths
2.5
sq ft
1,707

7822 Thomas Dr, Panama City, FL 32408

7822 Thomas Dr

Panama City Beach, FL 32408

  • 75 days on market
    • Price drop $5,000↓
GULF OF AMERICA AWAITS YOU! Beach-FUN- Bliss on Thomas Drive - Steps away from the GULF OF AMERICA! Located directly across from the beach! Make lasting family memories while enjoying breathtaking sunsets and the refreshing salt in the air. This beautifully remodeled 3-bedroom, 2.5-bath single-family home is a coastal gem that combines luxury and convenience, all just steps away from the Gulf. Very AFFORDADLE HOA ( only $600 a quarter) covers pool maintenance and landscaping upkeep.Perfectly designed for relaxation and entertaining, the home features an open, airy layout with modern decor. The spacious kitchen is a chef's dream, complete with new cabinets, elegant granite countertops, and sleek stainless steel appliances, ideal for both gourmet cooking and casual meals.Relax and unwind as the living room opens up to a shared pool, offering a serene space to cool off and enjoy the beautiful surroundings. The attached garage provides added convenience, and this home's prime location makes it a fantastic opportunity for short-term rentals.

Details

Property type

Single Family Residence

Est. home value

$602,159

Lot size

2,614 sq ft

Price per sq ft

$437

Year built

2005

Annual property taxes

$6,131

Monthly HOA fee

$200

Price History

03/28/2025
CentralPanhandle

CentralPanhandle #767290

Price change
$744,999
-0.67%
01/14/2025
CentralPanhandle

CentralPanhandle #767290

Listed
$749,999
+20%
08/12/2022
CentralPanhandle

CentralPanhandle #728806

Sold
$625,000
+73.61%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool

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

$232,791
Asking price
$744,999
Closing costs (~8% of asking)
-$59,600
Est. remaining loan balance
-$452,608
Cash to seller
$232,791

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2022

Original loan amount

$468,750

Est. remaining balance

$452,608

Interest rate

5.81%

Loan type

New Conventional, 30 year

Seller

Megha Patel

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?

Similar Homes Nearby

Price drop
CentralPanhandle
$499,999
3 bd
|
3 ba
|
1,800 sq ft
|
House

6607 Sunset Ave, Panama City, FL 32408

CentralPanhandle
$640,000
3 bd
|
2.5 ba
|
1,784 sq ft
|
House

7009 N Lagoon Dr Unit 106, Panama City, FL 32408

CentralPanhandle
$700,000
3 bd
|
2.5 ba
|
2,070 sq ft
|
House

2705 Lagoon Manor Dr, Panama City, FL 32408

Status: Active

Tomo last checked: 03/31/2025 at 8:45 PM

Listing updated: 03/28/2025 at 10:40 AM

Listed by: Danny Burnett, Keller Williams Success Realty Phone #: (850) 249-0313

MLS: CentralPanhandle #767290

CentralPanhandle logo

Recently listed in Panama City Beach