Water Views
Address
5312 Thomas Drive, Panama City Beach, FL
Price
$ 945,000
Property Attributes
- MLS#778899
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City Beach
- Area03 - Bay County - Beach
- NeighborhoodGulf Lagoon Beach
- Zip32408
- Style
- Year Built2006
- Taxes$ 8192
- Price$ 945,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms2
- Sqr Footage2396
- Lot Size0.08 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Luxury 3-Story GULF VIEW BEACH HOME with Heated Saltwater Pool | STR | No HOA | No Flood | Turnkey | Vacation-Lifestyle Ready - PLUS a $10,000 BUYER CREDIT at Closing! HIGH-YIELD INCOME POTENTIAL + TAX BENEFITS SAVINGS for this one or both properties for Sale SIDE-BY-SIDE. Attention Investors, Beach & Pool Lovers! This 3-story Retreat is fully furnished, turnkey, and short-term rental ready with NO HOA or Flood. Just steps from the Emerald Beach, sand, local dining, attractions and Rick Seltzer Park, this property offers a rare blend of luxury living and strong rental potential. Featuring 4 bedrooms including a bonus bunk/wet bar/game room, 3 ensuite baths & 2 half baths, the home comfortably sleeps 14 guests (or up to 29 when purchased with the side-by-side ''sister'' home for sale). Guests will love the multiple balconies with Gulf Views, private heated saltwater pool, outdoor shower, 2 grills, and matching patio & dining sets -- an entertaining masterpiece. Inside, enjoy an open-concept main level with living, dining, kitchen & laundry room featuring stainless appliances, and LVP floors. The primary poolside 1st master bedroom with double vanity en-suite bath and private, large walk-in closet with a twin bunk are on the 1st floor. On the 2nd floor, you'll find 2 bedrooms. The 2nd master with double vanity en-suite bath, private balcony & sitting area and the 3rd bedroom with 2 queens, double vanity en-suite Bath + private balcony await. The 3rd floor offers the 4th, including bonus room & Gulf View balcony, bunks, queen bed, wet bar, and arcade games. With 10' ceilings, LVP & Hardwood floors, Hurricane Windows, Hardie siding, Metal Roof, and parking for 4 vehicles + golf cart, this home was designed for both comfort and durability. Steps from dining, marinas, and attractions--this is a prime investment and luxury retreat in one! An Entertaining & Vacation MASTERPIECE! $$$ INVESTORS $$$ HIGH-YIELD INCOME POTENTIAL for this one or both properties! BONUS: The sister property next door (also for sale) sleeps 15. Together, both homes host 29 guests total, each with identical layouts, pools, and furnishings. Unmatched portfolio or multi-home investor package opportunity! Schedule your showing today! GRI: Rental Revenue for 2024 & 2025 are available upon request.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 10/25/2025 | Listed $967,500 |
| 4/13/2026 | 2$949,900 |
| 5/19/2026 | 1$945,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Natural Gas Available,High Speed Internet Available |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Barbecue,Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | Gulf Lagoon Beach |
| Special Listing Conditions | Listed As-Is |
| Status | Active |
| Buyer Financing | Other |
| Directions | Take Thomas Drive West from the Signal Light at Alvin's Island after the Marinas for about 1/2 mile. House is on the right in Blue. |
| High School | Arnold |
| City | Panama City Beach |
| Zoning Description | Resid Single Family |
| MLS Area | 03 - Bay County - Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 3485 |
| Elementary School | Patronis |
| Tax Annual Amount | 8192 |
| 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 | 2006 |
| Cooling | Central Air,Ceiling Fan(s),ENERGY STAR Qualified Equipment |
| Appliances | Electric Cooktop,Electric Oven,Electric Range,Electric Water Heater,Ice Maker |
| Patio/Porch Features | Balcony,Deck,Covered,Patio |
| Construction Materials | HardiPlank Type |
| View | Gulf |
| Attached Garage | false |
| Garage Y/N | false |
| Total Rooms | 7 |
| Full Baths | 3 |
| Architectural Style | Coastal |
| Stories Count | 3 |
| Levels | Three Or More |
| Pool Features | Fenced,Electric Heat,In Ground,Salt Water,Private |
| Security Features | Fire Sprinkler System,Fire Alarm,Smoke Detector(s) |
| New Construction | false |
| Number Of Units Total | 1 |
| Roof | Metal |
Interior Features
| Total Baths | 5 |
|---|---|
| Interior Amenities | Balcony,Double Vanity,Main Level Primary,Separate Shower,Walk-In Closet(s) |
| Furnished Units | All Units |
| Air Conditioning Y/N | true |
| Total Bedrooms | 4 |
| LivingAreaSource | Appraiser |
| Half Baths | 2 |
| Total Stories | 3 |
Exterior Features
| Lot Size Area | 0.08 |
|---|---|
| Lot Dimensions | 33 x110 |
| Lot Size Acres | 0.08 |
| Building Area Total | 2396 |
| Waterfront Y/N | false |
| Exterior Amenities | Barbecue,Covered Patio,Deck,Patio,Outdoor Shower |
| Fencing | Fenced,Privacy |
| Foundation Details | Slab |
| Private Pool | true |
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
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.
