Address

5405 Thomas Drive, Panama City Beach, FL

Listing Type

Active

Price

$ 889,500

Your Agent

Mark Cowart

Managing Partner-Luxury Home Marketing Specialist

850-832-6000

Property Attributes

MLS#794319
TypeSingle Family
Listing Status Active
CountyBay
CityPanama City Beach
Area03 - Bay County - Beach
NeighborhoodGulf Lagoon Beach
Zip32408
Style
Year Built2005
Taxes$ 6317
Price$ 889,500
Bedrooms4
Full Bathrooms3
Half Bathrooms1
Sqr Footage2801
Lot Size0.07 Acres

Data Source:

Central Panhandle Association of REALTORS® (CPAR)

Property Description

Located just steps from the sugar-white sands of Panama City Beach's quiet east end, this beach home combines the best of location, functionality, and flexibility. With no HOA and the freedom to offer short-term rentals, this property is ideal for a serene retreat, full-time residence, or vacation rental. The thoughtfully designed layout spans multiple levels, ensuring both privacy and spaces for gathering. The first floor features three bedrooms, two full baths with granite countertops, and a convenient laundry area. Ascend to the second floor to a spacious great room with cathedral ceilings, beautiful hardwood floors, and an open kitchen. Stainless steel appliances, a kitchen island and breakfast bar make this space functional and inviting - perfect for hosting or enjoying casual meals. Step out onto the second-floor balcony to enjoy a morning coffee or the evening breezes. The master suite on this level creates a private sanctuary, complete with a well-appointed bathroom featuring a walk-in shower and separate water closet. On the third floor, you will find another balcony and a versatile loft area that can be transformed according to your needs - whether as an additional bedroom, game room, or entertainment hub. Outside, the fenced yard and patio area provide a private space for relaxation or gatherings. Located just a short stroll from local favorites like Schooner's and a quick drive to St Andrews State Park, marinas, golf, shopping and dining, this home offers the perfect blend of peaceful seclusion and convenient access to attractions. If versatile design, spacious living, and steps-to-the-beach convenience are on your wish list, make it a point to see this home. Call to schedule a private tour today!

Elementary School	Middle School	High School
Patronis Elementary School	Surfside Middle School	Arnold High School

Price History
8/19/2026	Listed $889,500

General Features

Sewer	Public Sewer
Utilities	Electricity Available
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	Travel east on Thomas Dr towards State Park. Property on right between Biltmore and Hurt Street.
High School	Arnold
City	Panama City Beach
MLS Area	03 - Bay County - Beach
Lot Size Units	Acres
Lot Size Square Feet	25115
Elementary School	Patronis
Tax Annual Amount	6317.89
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	2005
Heating	Electric
Cooling	Central Air,Ceiling Fan(s)
Appliances	Electric Oven,Electric Range,Electric Water Heater,Ice Maker
Patio/Porch Features	Balcony,Covered,Porch
Construction Materials	Stucco
Attached Garage	false
Garage Y/N	true
Total Rooms	7
Full Baths	3
Garage Spaces	1
Architectural Style	Coastal
Security Features	Security System
New Construction	false

Interior Features

Total Baths	4
Interior Amenities	Double Vanity,Smart Home,Upper Level Primary,Walk-In Closet(s),Loft
Furnished Units	All Units
Air Conditioning Y/N	true
Heating Y/N	true
Total Bedrooms	4
LivingAreaSource	Appraiser
Half Baths	1

Exterior Features

Lot Size Area	0.07
Lot Dimensions	25.0 ft x 115.0 ft
Lot Size Acres	0.07
Building Area Total	2801
Waterfront Y/N	false
Exterior Amenities	Outdoor Shower
Fencing	Fenced
Door Features	Storm Door(s)