Water Views
Address
7428 Thomas Drive, Panama City Beach, FL
Price
$ 929,500
Property Attributes
- MLS#784109
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City Beach
- Area03 - Bay County - Beach
- NeighborhoodHoliday Beach Unit 16
- Zip32408
- Style
- Year Built2005
- Taxes$ 7589
- Price$ 929,500
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage2375
- Lot Size0.07 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Located directly across Thomas Drive from Rick Seltzer Park, this fully furnished three-story beach home offers exceptional short-term rental appeal in one of the most desirable areas of Panama City Beach. Positioned just steps from dedicated public beach frontage with lifeguards, showers, parking, and convenient Gulf access, the property is ideally suited for vacationers seeking walkability, beach convenience, and accommodations for large groups. Gulf views are protected by the park frontage, enhancing long-term value and guest appeal. Designed with income-producing potential in mind, this 4-bedroom, 3.5-bath property features a flexible multi-level layout capable of accommodating up to 16 guests comfortably. Popular rental features include multiple custom-built bunk areas, spacious entertainment zone, private outdoor spaces, and a heated saltwater pool, amenities consistently sought after by vacation renters in the Panama City Beach market. The first floor includes custom-built queen-over-queen bunk beds with integrated lighting and USB charging stations adjacent to a full bath. The second-floor primary suite features a king bed, private balcony with Gulf views, jacuzzi tub, walk-in closet, and ensuite bath. An additional second-floor suite includes more custom queen-over-queen bunks with its own full bath. The third-floor entertainment level offers vaulted ceilings, wet bar with sink and mini fridge, sleeper sofa, half bath, custom full-size bunk beds, and direct access to a large rooftop-style deck with Gulf views and abundant lounge space. The main living area offers 10-foot ceilings, crown molding, tile flooring, fireplace, abundant natural light, and an open-concept design ideal for gathering large groups. The kitchen features granite countertops, stainless steel appliances, wood cabinetry, breakfast bar seating, and a walk-in pantry. Outdoor amenities continue to enhance the property's rental desirability with a private fenced backyard, heated saltwater pool, multiple balconies, and a 25-foot rooftop observation deck overlooking the Gulf. Pool equipment includes a Wi-Fi-controlled Circupool salt generator, Hayward 2500 heater, and sand filter system. Additional upgrades and features include over $50,000 in recent improvements, brand-new composite decking, new roof section beneath the decking, Navien gas tankless water heater, aluminum hurricane shutters, laundry room with washer and dryer, and parking for 4 vehicles. Previously operated as a short-term vacation rental with strong historical income potential, this turnkey property offers an excellent opportunity for investors seeking a high-capacity beach rental in a prime location near Panama City Beach attractions, dining, shopping, and entertainment.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 2/24/2026 | Listed $949,999 |
| 4/22/2026 | 1$939,999 |
| 7/19/2026 | 1$929,500 |
General Features
| Sewer | PublicSewer |
|---|---|
| Utilities | ElectricityAvailable |
| Property Subtype | SingleFamilyResidence |
| Tax Year | 2025 |
| Community Features | ShortTermRentalAllowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | Holiday Beach Unit 16 |
| Status | Active |
| Directions | Home is located on Thomas Drive across the street from Rick Seltzer Park. House number is on arbor over the driveway. |
| High School | Arnold |
| City | Panama City Beach |
| Zoning Description | County |
| MLS Area | 03 - Bay County - Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 2962 |
| Elementary School | Patronis |
| Tax Annual Amount | 7589 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0323 - Beach - South of Grand Lagoon |
| Standard Status | Active |
| Property Sub Type Additional | SingleFamilyResidence |
| Occupancy Type | Tenant |
| Year Built | 2005 |
| Heating | Central,Electric,Fireplaces |
| Cooling | CentralAir,CeilingFans |
| Appliances | ElectricOven,ElectricRange,TanklessWaterHeater |
| Patio/Porch Features | Deck,Patio,Balcony,Covered,Porch |
| Construction Materials | HardiplankType |
| View | Gulf |
| Attached Garage | false |
| Garage Y/N | false |
| Total Rooms | 9 |
| Full Baths | 3 |
| Architectural Style | Coastal |
| Stories Count | 3 |
| Levels | ThreeOrMore |
| Pool Features | Fenced,Gunite,GasHeat,InGround,SaltWater,Private |
| New Construction | false |
| Number Of Units Total | 1 |
| Roof | Metal |
Interior Features
| Total Baths | 4 |
|---|---|
| Interior Amenities | Balcony,JettedTub,SeparateShower,SmartThermostat,UpperLevelPrimary |
| Furnished Units | AllUnits |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Total Bedrooms | 4 |
| LivingAreaSource | Appraiser |
| Window Features | DoublePaneWindows |
| Half Baths | 1 |
| Total Stories | 3 |
| Fireplace Features | Gas |
Exterior Features
| Lot Features | Paved |
|---|---|
| Lot Size Area | 0.07 |
| Lot Dimensions | 25x120 |
| Lot Size Acres | 0.07 |
| Parking Features | Gravel |
| Building Area Total | 2375 |
| Waterfront Y/N | false |
| Exterior Amenities | CoveredPatio,Deck,Patio |
| Fencing | Fenced,Privacy |
| Private Pool | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32408
Price
Taxes
Year Built
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
