Skip main navigation
Off market
  • $879,000

    5405 Thomas Dr, Panama City Beach, FL 32408

    4beds
    2,537sqft
    Townhouse
    Built in 2005
    -- sqft lot
    $879,000 Zestimate®
    $346/sqft
    $3,274 Estimated rent

    Home value

    $879,000

    $809,000 - $949,000

    $3,274/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $3,274/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $3,274/mo

    Rent Zestimate®

    Refinance and save

    $5,697/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $5,697/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Located just steps from the sugar-white sands of Panama City Beach's quiet east end, this beach home combines the best of location, functionality, and flexibility. With no HOA and the freedom to offer short-term rentals, this property is ideal for a serene retreat, full-time residence, or vacation rental. The thoughtfully designed layout spans multiple levels, ensuring both privacy and spaces for gathering. The first floor features three bedrooms, two full baths with granite countertops, and a convenient laundry area. Ascend to the second floor to a spacious great room with cathedral ceilings, beautiful hardwood floors, and an open kitchen. Stainless steel appliances, a kitchen island and breakfast bar make this space functional and inviting - perfect for hosting or enjoying casual meals. Step out onto the second-floor balcony to enjoy a morning coffee or the evening breezes. The master suite on this level creates a private sanctuary, complete with a well-appointed bathroom featuring a walk-in shower and separate water closet. On the third floor, you will find another balcony and a versatile loft area that can be transformed according to your needs - whether as an additional bedroom, game room, or entertainment hub. Outside, the fenced yard and patio area provide a private space for relaxation or gatherings. Located just a short stroll from local favorites like Schooners and a quick drive to St Andrews State Park, marinas, golf, shopping and dining, this home offers the perfect blend of peaceful seclusion and convenient access to attractions. If versatile design, spacious living, and steps-to-the-beach convenience are on your wish list, make it a point to see this home. Call to schedule a private tour today!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Source: BHHS broker feed,MLS#: 765210

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Refrigerator, Washer
    Interior area
    • Total structure area: 2,537
    • Total interior livable area: 2,537 sqft

    Property

    Parking
    • Parking features: GarageAttached
    • Has attached garage: Yes
    Details
    • Parcel number: 32303000000

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse
    Condition
    • Year built: 2005

    Community & HOA

    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $346/sqft
    • Tax assessed value: $599,401
    • Annual tax amount: $7,406
    • Date on market: 11/19/2024
    • Lease term: Contact For Details
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    11/5/2025Listing removed$4,500$2/sqft
    Source: CPAR #779831 Report a problem
    10/2/2025Listed for rent$4,500$2/sqft
    Source: CPAR #779831 Report a problem
    7/1/2025Listing removed$999,000$394/sqft
    Source: BHHS broker feed #765210 Report a problem
    4/22/2025Price change$999,000-13.1%$394/sqft
    Source: CPAR #765210 Report a problem
    11/18/2024Listed for sale$1,150,000-10.9%$453/sqft
    Source: CPAR #765210 Report a problem
    2/27/2024Listing removed--
    Source: CPAR #747122 Report a problem
    10/13/2023Price change$1,290,000+19.4%$508/sqft
    Source: CPAR #747122 Report a problem
    9/26/2023Listed for sale$1,080,000+20%$426/sqft
    Source: CPAR #747122 Report a problem
    4/20/2022Sold$900,000+339%$355/sqft
    Source: Public Record Report a problem
    6/29/2009Sold$205,000-7.2%$81/sqft
    Source: Public Record Report a problem
    5/15/2009Listed for sale$220,900-6%$87/sqft
    Source: foreclosure.com Report a problem
    4/9/2009Listing removed$235,000$93/sqft
    Source: foreclosure.com Report a problem
    3/29/2009Price change$235,000-4.1%$93/sqft
    Source: foreclosure.com Report a problem
    3/13/2009Price change$245,000-12.5%$97/sqft
    Source: foreclosure.com Report a problem
    2/23/2009Listed for sale$280,000-5.8%$110/sqft
    Source: foreclosure.com Report a problem
    12/23/2008Listing removed$297,200$117/sqft
    Source: foreclosure.com Report a problem
    12/11/2008Listed for sale$297,200-55%$117/sqft
    Source: foreclosure.com Report a problem
    5/24/2007Sold$660,000$260/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,406 -20.3%$599,401 -19%
    2023$9,288 +318.1%$739,723 +226.3%
    2022$2,222 $226,729
    2021-- --
    2020$2,222 +5.3%$217,086 +5.4%
    2019$2,111 $206,027 -5.7%
    2018$2,111 -8.3%$218,480 -0.3%
    2017$2,302 -1.3%$219,243 -1.2%
    2016$2,331 -7.3%$221,802 -1.1%
    2015$2,514 $224,360 -1.7%
    2014$2,514 $228,179 -1.1%
    2013-- $230,737 -0.3%
    2012-- $231,465 -3.5%
    2011-- $239,976 -20.9%
    2010-- $303,546 -10.3%
    2009-- $338,329 -35.2%
    2008-- $521,852 +53.9%
    2007-- $339,175 -37.4%
    2006-- $541,574
    Find assessor info on the county website

    Neighborhood: Lower Grand Lagoon

    Nearby schools

    GreatSchools rating
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $879,000
    2% more
    +$17,580
    With Zillow Showcase(estimated)
    $896,580