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For sale
  • Price cut: $10K (8/18)
    $989,000

    5522 Thomas Dr, Panama City Beach, FL 32408

    4beds
    2,095sqft
    : 
    $6,215/mo
    Get pre-qualified
    Single Family Residence
    Built in 2019
    5,662 Square Feet Lot
    $940,600 Zestimate®
    $472/sqft
    $-- HOA

    What's special

    Two master suitesGenerously sized bedroomsStunning gulf viewsHigh-end finishesSpacious balconyNatural lightFenced backyard retreat
    Gulf-View Coastal Retreat | Prime Investment + Luxury Living Welcome to your private tropical oasis--this beautifully updated and professionally designed home offers stunning Gulf views, exceptional indoor-outdoor living, and outstanding short-term rental potential in one of the most desirable areas along Thomas Drive. Thoughtfully curated with high-end finishes, lush landscaping, and inviting entertaining spaces, this property is built to impress both owners and guests alike. The open-concept living, dining, and kitchen area on the second floor is filled with natural light and flows seamlessly onto a spacious balcony--perfect for taking in Gulf views and coastal breezes. With two master suites plus two additional generously sized bedrooms, this home comfortably accommodates large groups, maximizing occupancy and rental income. The first-floor master suite features a private entrance and lock-out capability, creating the ideal setup for a separate rental unit or flexible guest quarters--an investor's dream for dual-income potential. Step outside to your own fenced backyard retreat, complete with a 7-person hot tub, designed for relaxation and memorable guest experiences that drive repeat bookings and top-tier reviews. Located just steps from the beach and minutes from dining, entertainment, and outdoor adventure--including St. Andrews State Park--this home offers the perfect balance of privacy and accessibility in a high-demand vacation market. Investment Highlights: • Strong Airbnb / VRBO income potential • Flexible lock-out floor plan for multiple revenue streams • Gulf views + walkable beach access (premium nightly rates) • Turnkey condition--ideal for immediate rental or personal use • Located in a proven high-demand vacation rental corridor. Whether you're looking for a high-performing investment or a luxurious coastal escape, this property truly offers the best of both worlds. (Buyer to verify all information and dimensions deemed important.)
    154 days
    |
    225
    |
    11
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    Zillow last checked:

    Listing updated:

    Listed by:

    Lynn Wardlaw 404-867-4332,

    Beachy Beach Real Estate

    Source: CPAR,MLS#: 786911MLS 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: Great Room, Primary Bedroom, Other
      Primary bedroom
      • Level: First
      • Dimensions: 17 x 15
      Primary bedroom
      • Level: Second
      • Dimensions: 15 x 12
      Great room
      • Level: Second
      • Dimensions: 14 x 24
      Other
      • Features: Balcony
      • Level: Second
      • Dimensions: 24 x 10
      Appliances
      • Included: Bar Fridge, Electric Cooktop, Electric Oven
      Features
      • Main Level Primary
      Interior area
      • Total structure area: 2,095
      • Total interior livable area: 2,095 sqft

      Property

      Features
      • Patio & porch: Deck, Patio, Balcony
      • Exterior features: Deck, Patio, Outdoor Shower
      • Fencing: Fenced
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      Lot
      • Size: 5,662 Square Feet
      • Dimensions: 50 x 110
      • Features: Paved
      Details
      • Parcel number: 32363000000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 2019

      Utilities & green energy

      • Sewer: Public Sewer

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $472/sqft
      • Tax assessed value: $589,214
      • Annual tax amount: $7,430
      • Date on market: 3/17/2026
      • Cumulative days on market: 155 days

        Estimated market value

        $940,600

        $894,000 - $988,000

        $3,158/mo

        Price history

        DateEventPrice
        8/18/2026Price change$989,000-1%$472/sqft
        Source: CPAR #786911 Report a problem
        3/17/2026Listed for sale$999,000+9.2%$477/sqft
        Source: CPAR #786911 Report a problem
        9/23/2022Sold$915,000-1.1%$437/sqft
        Source: CPAR #728944 Report a problem
        8/22/2022Pending sale$925,000$442/sqft
        Source: CPAR #728944 Report a problem
        7/1/2022Listed for sale$925,000+55.5%$442/sqft
        Source: CPAR #728944 Report a problem
        12/18/2020Sold$595,000$284/sqft
        Source: CPAR #700858 Report a problem
        10/26/2020Price change$595,000-0.7%$284/sqft
        Source: Century 21 Commander Realty #700858 Report a problem
        8/13/2020Price change$599,000+1.5%$286/sqft
        Source: Century 21 Commander Realty #700858 Report a problem
        7/3/2020Price change$590,000-0.8%$282/sqft
        Source: Nations Best Realty, Inc. #698206 Report a problem
        6/9/2020Listed for sale$595,000+310.3%$284/sqft
        Source: Nations Best Realty, Inc. #698206 Report a problem
        12/21/2017Sold$145,000+31.8%$69/sqft
        Source: Public Record Report a problem
        5/7/2015Sold$110,000$53/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$7,281 0%$589,214 +1.7%
        2023$7,281 +22.5%$579,149 +13.5%
        2022$5,944 $510,481
        2021-- --
        2020$2,918 +419.7%$234,152 +413.8%
        2019$562 $45,574 +0.2%
        2018$562 -1.4%$45,481
        2017$569 -0.7%$45,481 -48.1%
        2016$573 -49.3%$87,551 +2.2%
        2015$1,131 $85,681 +1.4%
        2014$1,131 $84,480
        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

        50 / 100
        Car-Dependent
        47 / 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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