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7420 Thomas Drive
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PRICED AT ONLY: $1,000,000

Address: 7420 Thomas Drive, Panama City, FL 32408

Description

If you're looking to own and profit on Panama City Beach, this three story turn key vacation home has no HOAs, and rent inclome of $76,711 for 2024. Thomas Drive is a tried and true vacation spot for visitors year after year. Many vacationers will only stay on the East End of Panama City Beach. 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 equipped with 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 and a lifeguard. It 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.

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More Like This
  • MLS#: 765183 ( Residential )
  • Street Address: 7420 Thomas Drive
  • Viewed: 1
  • Price: $1,000,000
  • Price sqft: $421
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Gulf
  • Year Built: 2005
  • Bldg sqft: 2375
  • Bedrooms: 3
  • Total Baths: 4
  • Full Baths: 3
  • 1/2 Baths: 1
  • Days On Market: 308

Description

If you're looking to own and profit on Panama City Beach, this three story turn key vacation home has no HOAs, and rent inclome of $76,711 for 2024. Thomas Drive is a tried and true vacation spot for visitors year after year. Many vacationers will only stay on the East End of Panama City Beach. 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 equipped with 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 and a lifeguard. It 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony
  • Fencing: Fenced
  • Flooring: Hardwood, Tile
  • Living Area: 0.00
Land Information
  • Lot Features: Landscaped
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Patronis
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Driveway, Gravel
Eco-Communities
  • Pool Features: Fenced, InGround, SaltWater
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir
  • Road Frontage Type: CountyRoad
  • Sewer: SepticTank
  • Utilities: SepticAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2023
  • Trash Expense: 0.00
Other Features
  • Appliances: BarFridge, Dryer, Dishwasher, Refrigerator, TrashCompactor, WarmingDrawer, Washer
  • Interior Features: WetBar, BreakfastBar, CrownMolding, CathedralCeilings, CofferedCeilings, Fireplace, HighCeilings, KitchenIsland, Pantry, RecessedLighting, VaultedCeilings
  • Legal Description: HOLIDAY BEACH UNIT #16 W 1/2 LOT 4 (4.02) BLK 17 ORB 3697 P 1331
  • Levels: ThreeOrMore
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Tenant
  • Parcel Number: 30808-431-010
  • Style: Coastal
  • The Range: 0.00
  • View: Gulf
Nearby Subdivisions
[no Recorded Subdiv]   A W Pledger Panama City Beach   Baltimore Beach   Banyan Beach   Bay Point Unit 1   Bel Air   Biltmore Beach   Biltmore Beach 1st Add   Bonita Point   Crescent Beach Unit 1   Cresent Bch Unit 1   Delwood Beach   Dragon's Ridge Corrctd   Emerald Pointe Resort   Finisterre   Gates At Sterling Cove   Grand Lagoon Banks   Grand Lagoon Pointe   Grand Lagoon Shores 2   Grand Lagoon Shores 7   Grand Lagoon Shores11   Grand Lagoon Shores12   Grand Lagoon Villa   Greentree Unit-1   Gulf Lagoon Beach   Gulf Pines U-3   Hadley's Beach   Hampton Harbor   Hidden Lagoon   Hidden Lagoon Villas   Hidden Pines Phase Ii   Hidden Pines Phase Vi   Holiday Beach On The Gulf   Holiday Beach Un 14   Holiday Beach Unit 1   Holiday Beach Unit 11   Holiday Beach Unit 12   Holiday Beach Unit 13   Holiday Beach Unit 14   Holiday Beach Unit 15   Holiday Beach Unit 16   Holiday Beach Unit 3   Holiday Beach Unit 6   Holiday Beach Unit 7   Holiday Beach Unit 8   Lagoon Estates   Lagoon Heights   Lagoon Manor   Lagoon Oaks   Landward Townhouses   Leeward Tower Townhouse   Legend Lakes   Magnolia Bay Club   Magnolia Beach   Marlin Place   Martinique   Martinique Phase Ii   Martinique Phase Iii   Merglewski Retreats   Mimosa Place   Misty Harbour Condo.   No Named Subdivision   North Lagoon Heights   North Lagoon Oaks   North Lagoon Oaks 2nd   North Lagoon Oaks 6th Add   North Lagoon Oaks 7th Add   Northwood Estates   Northwoods Estates 1st Add   Palm Bay Unit 4   Panama Dunes   Pelican Bay   Pines 4th Add   Pines 5th Add   Pines Subdivision   Point Royal Homes Unit 1   Preserve On The Bay Ph I   Preserve On The Bay Ph Ii   Preserve On The Bay Ph Iii-a   Sago Park Townhomes   Sanctuary Beach   Silver Sands Beach   Silver Sands Unit 1   Silver Sands Unit 2   Sugar Shack Condo   Summerplace Townhouses   Thomas Drive Park U-1   Treasure Cove   Treasure Cove Unit 1   Treasure Cove Unit 2   Treasure Island   Treasure Palms   Venture Out   Venture Out Travel Trail   Villas Of Panama   Whispering Pines  
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