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New construction
  • Price cut: $31K (8/8)
    $2,199,000

    5237 Thomas Dr #A & B, Panama City, FL 32408

    10beds
    5,156sqft
    : 
    $14,227/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 2025
    -- sqft lot
    $2,087,600 Zestimate®
    $426/sqft
    $-- HOA

    What's special

    Sleek modern kitchenDedicated laundry room
    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.
    49 days
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    183
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    9
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    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher C Jennings 850-532-9449,

    CENTURY 21 AllPoints Realty

    Source: CPAR,MLS#: 791806MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 10
      • Full bathrooms: 8
      • 1/2 bathrooms: 2
      Rooms
      • Room types: Half Bath, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
      Primary bedroom
      • Description: Side A
      • Level: Second
      • Dimensions: 12.6 x 13.4
      Primary bedroom
      • Description: Side B
      • Level: Second
      • Dimensions: 12.6 x 13.4
      Primary bathroom
      • Description: Side A
      • Level: Second
      • Dimensions: 16.1 x 6.1
      Primary bathroom
      • Description: Side B
      • Level: Second
      • Dimensions: 16.1 x 6.1
      Half bath
      • Description: Side A
      • Level: First
      • Dimensions: 8.5 x 3.3
      Half bath
      • Description: Side B
      • Level: First
      • Dimensions: 8.5 x 3.3
      Kitchen
      • Description: Side A
      • Level: First
      • Dimensions: 18 x 20
      Kitchen
      • Description: Side B
      • Level: First
      • Dimensions: 18 x 20
      Living room
      • Description: Side A
      • Level: First
      • Dimensions: 22 x 20
      Living room
      • Description: Side B
      • Level: First
      • Dimensions: 22 x 20
      Heating
      • Central, Electric, Fireplace(s)
      Cooling
      • Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment
      Features
      • Upper Level Primary
      • Has fireplace: Yes
      • Fireplace features: Electric
      Interior area
      • Total structure area: 5,156
      • Total interior livable area: 5,156 sqft

      Property

      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Balcony, Deck, Covered, Patio, Porch
      • Exterior features: Barbecue, Covered Patio, Outdoor Shower
      • Has private pool: Yes
      • Pool features: In Ground, Salt Water, Private
      • Fencing: Fenced
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      Lot
      • Size: 5,662 Square Feet
      • Dimensions: 50.0 ft x 110.0 ft
      • Features: Sprinkler System
      Details
      • Parcel number: 32375000000
      • Zoning description: City, Commercial
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Duplex
      • Property subtype: Duplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Other, Wood Frame
      • Roof: Metal
      Condition
      • New construction: Yes
      • Year built: 2025

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

      Community
      • Features: Barbecue, Short Term Rental Allowed
      • Security: Carbon Monoxide Detector(s), Fire Sprinkler System
      • Subdivision: No Named Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $426/sqft
      • Date on market: 6/24/2026
      • Cumulative days on market: 469 days

        Estimated market value

        $2,087,600

        $1.98M - $2.19M

        $1,951/mo

        Price history

        DateEventPrice
        8/8/2026Price change$2,199,000-1.4%$426/sqft
        Source: CPAR #791806 Report a problem
        6/24/2026Listed for sale$2,230,000$433/sqft
        Source: CPAR #791806 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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.

        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        48 / 100
        Car-Dependent
        20 / 100
        Minimal Transit
        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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