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New construction
    • Price cut: $75K (8/11)
    $1,875,000

    5231-5233 Thomas Dr, Panama City Beach, FL 32408

    8beds
    4,690sqft
    : 
    $11,556/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 2026
    -- sqft lot
    $1,810,000 Zestimate®
    $400/sqft
    $126/mo HOA

    What's special

    High-end finishesStunning sunrises and sunsetsExpansive covered porchesStylish coastal architectureSpacious open-concept designs
    NO RENTAL RESTRICTIONS!!! This limited collection of vacation homes offers an exceptional opportunity to own in one of the area's most sought-after locations -- literally across the street from the sugar-white sands and shimmering Gulf waters. This home showcases spacious, open-concept designs with 4 bedrooms, 4.5 baths, and a bunk room. Enjoy high-end finishes, stylish coastal architecture, and your own private pool with a temperature control system -- the ultimate spot for relaxing or entertaining after a day at the beach. Expansive covered porches invite you to take in stunning sunrises and sunsets in true coastal style. Close to popular restaurants (walk to Schooner's), shops, golf courses, and water activities, this community also offers convenient access to Panama City proper and the Northwest Florida Beaches International Airport.
    24 days
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    224
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    11
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    Zillow last checked:

    Listing updated:

    Listed by:

    Whitney Moore 801-499-2661,

    TH Coastal Realty,

    Steven E Thew 815-979-0663,

    TH Coastal Realty

    Source: CPAR,MLS#: 793352MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 10
      • Full bathrooms: 8
      • 1/2 bathrooms: 2
      Rooms
      • Room types: Dining Room, Living Room, Primary Bedroom, Porch
      Primary bedroom
      • Level: Third
      • Dimensions: 11.1 x 16.4
      Primary bedroom
      • Level: Third
      • Dimensions: 11.1 x 16.4
      Dining room
      • Level: First
      • Dimensions: 15.1 x 14.9
      Dining room
      • Level: First
      • Dimensions: 15.1 x 14.9
      Living room
      • Level: First
      • Dimensions: 18.11 x 13.5
      Living room
      • Level: First
      • Dimensions: 18.11 x 13.5
      Porch
      • Level: Third
      • Dimensions: 18.8 x 11.3
      Porch
      • Level: Third
      • Dimensions: 18.8 x 11.3
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Electric Oven, Electric Range
      Features
      • Interior Steps
      • Windows: Double Pane Windows
      Interior area
      • Total structure area: 4,690
      • Total interior livable area: 4,690 sqft

      Property

      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Balcony, Deck
      • Exterior features: Covered Patio
      • Has private pool: Yes
      • Pool features: Fenced, Electric Heat, In Ground, Salt Water, Private
      Lot
      • Size: 0.3 Acres
      • Dimensions: 60 x 220
      Details
      • Parcel number: 40001803002

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Duplex
      • Property subtype: Duplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Roof: Metal
      Condition
      • New construction: Yes
      • Year built: 2026

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Subdivision: Gulf Lagoon Beach
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds
      • HOA fee: $377 quarterly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $400/sqft
      • Date on market: 7/30/2026
      • Cumulative days on market: 150 days

        Estimated market value

        $1,810,000

        $1.72M - $1.90M

        $1,852/mo

        Price history

        DateEventPrice
        8/11/2026Price change$1,875,000-3.8%$400/sqft
        Source: CPAR #793352 Report a problem
        7/30/2026Listed for sale$1,950,000+6.9%$416/sqft
        Source: CPAR #793352 Report a problem
        7/24/2026Listing removed$1,823,900$389/sqft
        Source: CPAR #787168 Report a problem
        5/1/2026Pending sale$1,823,900$389/sqft
        Source: CPAR #787168 Report a problem
        3/22/2026Listed for sale$1,823,900$389/sqft
        Source: CPAR #787168 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        48 / 100
        Car-Dependent
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Patronis
        • Middle: Surfside
        • High: Arnold

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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        A local lender can help you make sure your offer is ready when you are.

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