Address

5237 Thomas Drive A & B, Panama City, FL

Listing Type

Active

Price

$ 2,185,000

Property Attributes

MLS#791806
TypeMulti-Family
Listing Status Active
CountyBay
CityPanama City
Area03 - Bay County - Beach
NeighborhoodNo Named Subdivision
Zip32408
Style
Year Built2025
Price$ 2,185,000
Bedrooms10
Full Bathrooms8
Half Bathrooms2
Sqr Footage5156
Lot Size0.13 Acres

Data Source:

Central Panhandle Association of REALTORS® (CPAR)

Property Description

This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors -- and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control -- a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms -- one featuring built-in bunk beds perfect for families -- plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill -- the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

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

Price History
6/24/2026	Listed $2,230,000
8/8/2026	1$2,199,000
9/13/2026	1$2,185,000

General Features

Sewer	Public Sewer
Property Subtype	Duplex
Tax Year	2025
Community Features	Barbecue,Short Term Rental Allowed
County	Bay
Property Type	Residential
HOA	false
Subdivision Name	No Named Subdivision
Special Listing Conditions	Listed As-Is
Status	Active
Directions	Please take south off HWY 98 onto Thomas Drive toward the beach. On junction with South Thomas drive make a right and drive about 1 mile. House located on the right side of the road.
High School	Arnold
City	Panama City
Zoning Description	City, Commercial
MLS Area	03 - Bay County - Beach
Lot Size Units	Acres
Lot Size Square Feet	5227
Elementary School	Patronis
Middle/Junior High School	Surfside
MLS Area Minor	0323 - Beach - South of Grand Lagoon
Standard Status	Active
Property Sub Type Additional	Duplex
Occupancy Type	Tenant
Year Built	2025
Heating	Central,Electric,Fireplace(s)
Cooling	Central Air,Ceiling Fan(s),ENERGY STAR Qualified Equipment
Patio/Porch Features	Balcony,Deck,Covered,Patio,Porch
Construction Materials	Other,Wood Frame
View	Gulf
Attached Garage	false
Garage Y/N	false
Total Rooms	10
Full Baths	8
Architectural Style	Duplex
Stories Count	3
Levels	Three Or More
Pool Features	In Ground,Salt Water,Private
Security Features	Carbon Monoxide Detector(s),Fire Sprinkler System
Unit Number	A & B
New Construction	true
Structure Type	Duplex
Number Of Units Total	2
Roof	Metal

Interior Features

Total Baths	10
Interior Amenities	Upper Level Primary
Furnished Units	All Units
Air Conditioning Y/N	true
Heating Y/N	true
Fireplace Y/N	true
Total Bedrooms	10
LivingAreaSource	Appraiser
Half Baths	2
Total Stories	3
Fireplace Features	Electric

Exterior Features

Lot Features	Sprinkler System
Lot Size Area	0.13
Lot Dimensions	50.0 ft x 110.0 ft
Lot Size Acres	0.13
Road Frontage Type	City Street
Building Area Total	5156
Waterfront Y/N	false
Exterior Amenities	Barbecue,Covered Patio,Outdoor Shower
Road Responsibility	Public Maintained Road
Fencing	Fenced
Private Pool	true