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Sold for $430,000
  • $430,000

    5801 Thomas Dr Unit 1020, Panama City Beach, FL 32408

    2beds
    1,144sqft
    Condominium
    Built in 1975
    -- sqft lot
    $426,800 Zestimate®
    $376/sqft
    $2,286 Estimated rent

    Home value

    $426,800

    $388,000 - $469,000

    $2,286/mo

    Zestimate® history
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    What's special

    Hot tubSpacious guest bedroomBreakfast barFull updated bathGated beachfront communityOpen-concept layoutGrilling and picnic areas
    UNDER CONTRACT. SELLER ACCEPTING BACKUP OFFERS. Regency Towers Unit 1020 is a Gulf-front 2-bedroom, 2-bath condo located on the desirable east end of Panama City Beach, Florida. Positioned on the 10th floor with one of the best views in the complex, this beachfront residence offers panoramic Gulf of America views and direct access to the sugar-white sand beaches of the Emerald Coast. The open-concept layout features large storm resistant sliding glass doors leading to a private Gulf-front balcony, creating seamless indoor-outdoor living; showcasing stunning shoreline views and accented with nautical decor throughout. The Master suite includes balcony access and an updated en-suite bathroom with a newly tiled walk-in shower. A spacious guest bedroom and full updated bath provide comfortable accommodations for family and guests. The kitchen features stainless steel appliances, a breakfast bar, and adjacent dining space, while the living area offers comfortable seating and a queen sleeper sofa. The guest bedroom includes two full beds, allowing the condo to comfortably host 8 guests and support strong short-term rental demand. Regency Towers is a gated beachfront community offering resort-style amenities including two Gulf-front pools (one heated), hot tub, fitness center, billiards room, grilling and picnic areas, high speed elevators, ample parking, Sand Bar Grill and Bar and direct beach access with 24-hour security. Located near St. Andrews State Park, Grand Lagoon marinas, fishing charters, waterfront dining, and popular Panama City Beach attractions, this Gulf-front condo offers the ideal combination of coastal living, convenience, and rental income potential along Florida's Emerald Coast.

    Zillow last checked:

    Listing updated:

    Listed by:

    Rachel N Warrell 850-896-5899,

    eXp Realty, LLC

    Bought with:

    January Johnson, SL3368469

    EXP Realty LLC

    Source: CPAR,MLS#: 786398MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Bedroom, Kitchen, Living Room, Primary Bedroom
    Primary bedroom
    • Level: First
    • Dimensions: 14 x 12
    Bedroom
    • Level: First
    • Dimensions: 12 x 14
    Kitchen
    • Level: First
    • Dimensions: 14 x 8
    Living room
    • Level: First
    • Dimensions: 23 x 12
    Heating
    • Electric
    Cooling
    • Central Air, Ceiling Fan(s), Varies by Unit
    Appliances
    • Included: Washer/Dryer Stacked, Electric Oven, Electric Range, Electric Water Heater
    • Laundry: Stacked
    Interior area
    • Total structure area: 1,144
    • Total interior livable area: 1,144 sqft

    Property

    Parking
    • Parking features: Additional Parking, Gated, Paved, Parking Lot
    Features
    • Patio & porch: Balcony
    • Pool features: Electric Heat, In Ground, Community
    • Spa features: Community
    • Has view: Yes
    • View description: Gulf
    • Has water view: Yes
    • Water view: Gulf
    • Waterfront features: Gulf, Shoreline - Sand
    Lot
    • Features: Paved
    Details
    • Parcel number: 32382120000
    • Zoning description: Resort

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: High Rise
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1975

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected, Electricity Available, High Speed Internet Available, Sewer Available, Underground Utilities

    Community & HOA

    Community
    • Features: Barbecue, Beach, Clubhouse, Conference/Meeting Room, Elevator, Fitness Center, Game Room, Laundry Facilities, Playground, Park, Pool, Waterfront, Community Pool, Gated, Short Term Rental Allowed
    • Security: Building Security, Gated with Guard, Gated Community, 24 Hour Security, Security Guard, Security Gate, Security Service
    • Subdivision: Regency Towers
    HOA
    • Has HOA: Yes
    • Amenities included: Beach Rights, Gated, Gazebo, Barbecue, Picnic Area
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $376/sqft
    • Tax assessed value: $411,825
    • Annual tax amount: $3,868
    • Date on market: 3/6/2026
    • Cumulative days on market: 14 days
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    4/22/2026Sold$430,000-2.3%$376/sqft
    Source: CPAR #786398 Report a problem
    4/2/2026Pending sale$440,000$385/sqft
    Source: CPAR #786398 Report a problem
    3/6/2026Listed for sale$440,000+88.1%$385/sqft
    Source: CPAR #786398 Report a problem
    4/20/2018Sold$233,900+11.9%$204/sqft
    Source: CPAR #670444 Report a problem
    10/8/2008Sold$209,000-42.7%$183/sqft
    Source: Public Record Report a problem
    6/25/2008Sold$364,500-10%$319/sqft
    Source: Public Record Report a problem
    1/3/2005Sold$405,000$354/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,999 +2.1%$253,875 +10%
    2023$3,918 +32.8%$230,795 +10%
    2022$2,949 $209,814
    2021-- --
    2020$2,149 +18.1%$173,400 +20%
    2019$1,820 $144,500 -15%
    2018$1,820 -16%$170,000 +4.7%
    2017$2,168 +3.9%$162,350 +0.5%
    2016$2,086 -1.3%$161,500 +2.8%
    2015$2,113 $157,038
    2014$2,113 $157,038 +7.1%
    2013-- $146,625 +5.5%
    2012-- $138,975 -4.1%
    2011-- $144,925 -11.4%
    2010-- $163,625 -2.7%
    2009-- $168,168 -24.7%
    2008-- $223,275 -13.6%
    2007-- $258,529 -23%
    2006-- $335,751 +63%
    2005-- $206,001
    2004-- $206,001 +22.6%
    2003-- $168,001
    2002-- $168,001
    2001-- $168,001 +52.7%
    2000-- $110,000
    Find assessor info on the county website

    Neighborhood: Lower Grand Lagoon

    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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