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$390,949Estimated home value

Beds
3
Baths
2.5
sq ft
1,620

8730 Thomas Dr Unit 512, Panama City, FL 32408

8730 Thomas Dr Unit 512

Panama City Beach, FL 32408

  • Sold On 9/13/2021
    • Price drop $10,000↓
NEW PRICE! UNIQUE: Complex and Condo. St Thomas Square is one block from the World's most beautiful beaches and the Gulf of Mexico. Grand Lagoon runs along its northern side. It has a boat dock and you can be to the bay and Gulf in 20 minutes by boat! Gated community. This condo is one of only 2 like this in St Thomas Square. Huge at 1620 sq ft. can make for a comfortable home at the beach enjoying boating and beaching, or second home. As a vacation rental you can make money to offset many of the costs of second home ownership. Own this unique beach get away and enjoy coastal living in Panama City Beach. Air conditioner and air handler replaced in 2018 $4797, water heater in 2016 $895, 2106 washer and dryer $1050.

Details

Property type

Condominium

Est. home value

$390,949

Lot size

Unknown

Price per sq ft

$155

Year built

1985

Annual property taxes

$2,006

Monthly HOA fee

$729.04

Price History

03/02/2025
CentralPanhandle

CentralPanhandle #757353

Removed
$379,000
09/20/2024
CentralPanhandle

CentralPanhandle #757353

Price change
$379,000
+2.71%
08/27/2024
CentralPanhandle

CentralPanhandle #757353

Price change
$369,000
-5.14%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Gated

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

-$163,979
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$393,979
Cash to seller
-$163,979

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

Seller’s Loan History

Lender

First Fsla Of Central Illinois

Loan start date

January 2024

Original loan amount

$405,000

Est. remaining balance

$393,979

Interest rate

7.22%

Loan type

Not Provided, 20 year

Seller

Vip Premier Properties Llc

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: Off Market

Tomo last checked: 04/02/2025 at 5:40 AM

Listing updated: 09/21/2024 at 11:30 PM

Listed by: Scott Pope, Nautical Properties, LLC Phone #: (850) 329-5910

MLS: CentralPanhandle #700023

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