Address
5522 Thomas Drive, Panama City, FL
Price
$ 989,000
Property Attributes
- MLS#786911
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City
- Area03 - Bay County - Beach
- NeighborhoodGulf Lagoon Beach
- Zip32408
- Style
- Year Built2019
- Taxes$ 7430
- Price$ 989,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage2095
- Lot Size0.13 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Gulf-View Coastal Retreat | Prime Investment + Luxury Living Welcome to your private tropical oasis--this beautifully updated and professionally designed home offers stunning Gulf views, exceptional indoor-outdoor living, and outstanding short-term rental potential in one of the most desirable areas along Thomas Drive. Thoughtfully curated with high-end finishes, lush landscaping, and inviting entertaining spaces, this property is built to impress both owners and guests alike. The open-concept living, dining, and kitchen area on the second floor is filled with natural light and flows seamlessly onto a spacious balcony--perfect for taking in Gulf views and coastal breezes. With two master suites plus two additional generously sized bedrooms, this home comfortably accommodates large groups, maximizing occupancy and rental income. The first-floor master suite features a private entrance and lock-out capability, creating the ideal setup for a separate rental unit or flexible guest quarters--an investor's dream for dual-income potential. Step outside to your own fenced backyard retreat, complete with a 7-person hot tub, designed for relaxation and memorable guest experiences that drive repeat bookings and top-tier reviews. Located just steps from the beach and minutes from dining, entertainment, and outdoor adventure--including St. Andrews State Park--this home offers the perfect balance of privacy and accessibility in a high-demand vacation market. Investment Highlights: • Strong Airbnb / VRBO income potential • Flexible lock-out floor plan for multiple revenue streams • Gulf views + walkable beach access (premium nightly rates) • Turnkey condition--ideal for immediate rental or personal use • Located in a proven high-demand vacation rental corridor. Whether you're looking for a high-performing investment or a luxurious coastal escape, this property truly offers the best of both worlds. (Buyer to verify all information and dimensions deemed important.)
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 3/17/2026 | Listed $999,000 |
| 8/18/2026 | 1$989,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | Gulf Lagoon Beach |
| Status | Active |
| Directions | Heading South on Thomas Drive from 98, cross the Grand Lagoon bridge by Captain Andersons. Follow Thomas Drive around to the West. |
| High School | Arnold |
| City | Panama City |
| MLS Area | 03 - Bay County - Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 5663 |
| Elementary School | Patronis |
| Tax Annual Amount | 7430 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0323 - Beach - South of Grand Lagoon |
| Standard Status | Active |
| Property Sub Type Additional | Single Family Residence |
| Occupancy Type | Tenant |
| Year Built | 2019 |
| Appliances | Bar Fridge,Electric Cooktop,Electric Oven |
| Patio/Porch Features | Deck,Patio,Balcony |
| View | Gulf |
| Garage Y/N | false |
| Total Rooms | 4 |
| Full Baths | 3 |
| Architectural Style | Coastal |
| New Construction | false |
Interior Features
| Total Baths | 4 |
|---|---|
| Interior Amenities | Main Level Primary |
| Furnished Units | All Units |
| Total Bedrooms | 4 |
| LivingAreaSource | Appraiser |
| Half Baths | 1 |
Exterior Features
| Lot Features | Paved |
|---|---|
| Lot Size Area | 0.13 |
| Lot Dimensions | 50 x 110 |
| Lot Size Acres | 0.13 |
| Building Area Total | 2095 |
| Waterfront Y/N | false |
| Exterior Amenities | Deck,Patio,Outdoor Shower |
| Fencing | Fenced |
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
In The Neighborhood
Panama City Beach
$ 889,500
5405 Thomas Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 2,801 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City
$ 1,499,000
5516 Gulf Drive
Panama City, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City
$ 1,499,000
5500 Gulf Drive
Panama City, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City Beach
$ 1,155,500
5416 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 2,453 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City
$ 1,399,000
5518 Gulf Drive
Panama City, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City Beach
$ 1,399,000
5518 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 2,414 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Panama City Beach
$ 1,899,000
5903 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 1,296 SqFt
- Rooms
- 3 Beds + 2 Baths
Panama City Beach
$ 1,899,000
5903 Gulf Drive
Panama City Beach, FL 32408
- Type
- Single Family
- Size
- 1,296 SqFt
- Rooms
- 3 Beds + 2 Baths
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
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.
