7420 Thomas Drive Panama City, FL 32408

Single Family Detached MLS #: 765183 Listed By CENTURY 21 Ryan Realty

$1,000,000

3 beds | 3 baths | 1 half baths | 2,375 sq ft
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Est. Property Tax: $6,160
Estimated monthly payments: $4,885/mo.* (recalculate)

Property InformationDescription

INVESTMENT PROPERTY PRICED TO SELL. If you're looking to own and profit on Panama City Beach, this three-story turn-key vacation home has no HOAs and a projected rental income of over $100,000 a year and is priced to sell. You and your up to 16 guests will enjoy Gulf views, a private fenced-in pool, and the convenience of being only steps from the sandy beach. Take in the Gulf views from the 3rd story 25' x 18' Balcony. Located across the street from Rick Seltzer Park, your views will never change. Enter through the front door from the front covered porch to find the open-concept first-story living room, dining, and kitchen with a fireplace, 11' ceilings, crown molding, and tile floors. The kitchen has granite countertops, an island with a breakfast bar, solid wood cabinets, stainless steel appliances, and a large walk in pantry. As you continue walking to the back of the first floor you will find a full sized laundry room, a full bathroom with granite countertops and a shower/tub combo, and a bedroom with a large walk-in closet with private access to the full sized bathroom. A side door at the foot of the stairs leads to your private walkway to the gated, fully fenced private backyard with a pool, excellent for vacationers who love to swim in a pool as well as the Gulf. As you return inside, start up to the 2nd floor, turn to your right, and you will find the master bedroom with two closets, a private balcony with Gulf views, and an ensuite with granite countertops, a soaking/jetted jacuzzi tub, and a walk-in shower with glass doors. An additional bedroom on the second floor has an owner's closet, a full-sized bathroom with granite countertops, and a shower-tub combo. Continue to the 3rd floor to find a second living room with 11' ceilings, tile floors, a wet bar with granite countertops, a half bath with granite countertops, two large sofas (one is a sleeper sofa), and a bunk bed, making this a hub of entertainment for your guest. From this room, you can access the large 25' x 18' deck with beautiful never, changing Gulf views; this deck has a weather-resistant table and chairs for those sunset dining sessions. The exterior is equipt weatherproof decking and Hardie Board siding to keep the exterior maintenance low for years to come. This property is a beautiful unit inside and out, fully furnished and turn-key. The park across the street allows access to the beach and is equipped with restrooms/showers, a lifeguard, and is accessed from the crosswalk a few feet from this beach house, so traffic will stop for you when you are ready to get to the beach and listen to the waves. Enjoy being conveniently located close to many attractions, including many restaurants, amusement parks, shopping, boating, marinas, bike rentals, St. Andrews State Park, and much more. With this reasonably priced three-story beach house investment property, you can have it all in Panama City Beach.

Features

  • Appliances: Dishwasher, Dryer, Range / Oven, Refrigerator, Trash Compactor, Washer
  • Cooling: Central A/C
  • Exterior Description: Other
  • Fireplace Description: Fireplace
  • Interior: Vaulted Ceilings, Wet Bar
  • Lot Size: 0.07 Acres
  • Roof: Metal Roof
  • Style: Other Style

MAP & DIRECTIONS

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7420 Thomas Drive, Panama City, FL 32408
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School Information

7420 Thomas Drive, Panama City, FL 32408

Elementary School
Grades KG-5 | Public School
PATRONIS ELEMENTARY SCHOOL
Panama City, FL 32408
7400 Patronis Dr
850.­767.5075
Distance: 1.1 mi
School Rating
B
Student:Teacher Ratio
15:1
Total Students
650
Middle School
Grades 6-8 | Public School
SURFSIDE MIDDLE SCHOOL
Panama City Beach, FL 32413
300 Nautilus St
850.­767.5180
Distance: 5.6 mi
School Rating
B-
Student:Teacher Ratio
20:1
Total Students
762
High School
Grades 9-12 | Public School
J.R. ARNOLD HIGH SCHOOL
Panama City Beach, FL 32407
550 N Alf Coleman Rd
850.­767.3700
Distance: 3.7 mi
School Rating
C+
Student:Teacher Ratio
26:1
Total Students
1563
Other Nearby Schools Distance Type Grades School Rating
Breakfast Point Academy 3.4 mi Public KG-8 B
Hutchison Beach Elementary School 4.5 mi Public KG-5 C+
Lucille Moore Elementary School 4.5 mi Public PK-5 D+
Gulf Coast School For Autism 5.3 mi Private KG-12
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Panama City, FL 32408

Median Age: 43.1
Married: 50%
Number of Households: 7,537
Households with Children: 27.2%
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    • 0 Rented
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