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For sale
  • $889,500

    5405 Thomas Dr, Panama City Beach, FL 32408

    4beds
    2,801sqft
    : 
    $5,656/mo
    Get pre-qualified
    Single Family Residence
    Built in 2005
    3,049 Square Feet Lot
    $839,200 Zestimate®
    $318/sqft
    $-- HOA

    What's special

    Versatile loft areaThree bedroomsConvenient laundry areaBeautiful hardwood floorsStainless steel appliancesSecond-floor balconyOpen kitchen
    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 Schooner's 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!
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    Zillow last checked:

    Listing updated:

    Listed by:

    Craig Duran 850-290-0417,

    Berkshire Hathaway HomeServices Beach Properties of Florida

    Source: CPAR,MLS#: 794319MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bedroom, Family Room, Kitchen, Loft, Primary Bedroom
      Primary bedroom
      • Level: Second
      • Dimensions: 15 x 11
      Bedroom
      • Level: First
      • Dimensions: 12 x 12
      Bedroom
      • Level: First
      • Dimensions: 11 x 10
      Bedroom
      • Level: First
      • Dimensions: 10 x 10
      Family room
      • Level: Second
      • Dimensions: 18 x 18
      Kitchen
      • Level: Second
      • Dimensions: 10 x 10
      Loft
      • Level: Third
      • Dimensions: 18 x 18
      Heating
      • Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Electric Oven, Electric Range, Electric Water Heater, Ice Maker
      Features
      • Double Vanity, Smart Home, Upper Level Primary, Walk-In Closet(s), Loft
      • Doors: Storm Door(s)
      Interior area
      • Total structure area: 2,801
      • Total interior livable area: 2,801 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage
      • Garage spaces: 1
      Features
      • Patio & porch: Balcony, Covered, Porch
      • Exterior features: Outdoor Shower
      • Fencing: Fenced
      Lot
      • Size: 3,049 Square Feet
      • Dimensions: 25.0 ft x 115.0 ft
      Details
      • Parcel number: 32303000000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence
      Materials
      • Stucco
      Condition
      • New construction: No
      • Year built: 2005

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Security: Security System
      • Subdivision: Gulf Lagoon Beach
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $318/sqft
      • Tax assessed value: $599,401
      • Annual tax amount: $6,317
      • Date on market: 8/19/2026
      • Cumulative days on market: 2 days
      • Electric utility on property: Yes

        Estimated market value

        $839,200

        $797,000 - $881,000

        $3,316/mo

        Price history

        DateEventPrice
        8/19/2026Listed for sale$889,500-11%$318/sqft
        Source: CPAR #794319 Report a problem
        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$357/sqft
        Source: BHHS broker feed #765210 Report a problem
        4/22/2025Price change$999,000-13.1%$357/sqft
        Source: CPAR #765210 Report a problem
        11/18/2024Listed for sale$1,150,000-10.9%$411/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%$461/sqft
        Source: CPAR #747122 Report a problem
        9/26/2023Listed for sale$1,080,000+20%$386/sqft
        Source: CPAR #747122 Report a problem
        4/20/2022Sold$900,000+339%$321/sqft
        Source: Public Record Report a problem
        6/29/2009Sold$205,000-7.2%$73/sqft
        Source: Public Record Report a problem
        5/15/2009Listed for sale$220,900-6%$79/sqft
        Source: foreclosure.com Report a problem
        4/9/2009Listing removed$235,000$84/sqft
        Source: foreclosure.com Report a problem
        3/29/2009Price change$235,000-4.1%$84/sqft
        Source: foreclosure.com Report a problem
        3/13/2009Price change$245,000-12.5%$87/sqft
        Source: foreclosure.com Report a problem
        2/23/2009Listed for sale$280,000-5.8%$100/sqft
        Source: foreclosure.com Report a problem
        12/23/2008Listing removed$297,200$106/sqft
        Source: foreclosure.com Report a problem
        12/11/2008Listed for sale$297,200-55%$106/sqft
        Source: foreclosure.com Report a problem
        5/24/2007Sold$660,000$236/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

        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.

        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        49 / 100
        Car-Dependent
        43 / 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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