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Pending
  • $619,950

    5801 Thomas Dr Unit 1021, Panama City Beach, FL 32408

    3beds
    1,372sqft
    : 
    $4,874/mo
    Get pre-qualified
    Condominium
    Built in 1975
    -- sqft lot
    $586,500 Zestimate®
    $452/sqft
    $849/mo HOA

    What's special

    Direct beach accessRenovated bathroomsBeautifully remodeled kitchenUpdated lightingFresh interior paintPanoramic emerald-water viewsQuartz countertops
    Rare Front-Stack Gulf-Front Opportunity at Regency Towers! Experience breathtaking, unobstructed Gulf views from this highly sought-after front-stack 3-bedroom, 2-bath residence in Regency Towers. Rarely available, this spacious beachfront condo has been extensively updated with more than $61,000 in renovations, creating a truly move-in-ready retreat that's equally suited as a primary residence, second home, or income-producing short-term rental. The beautifully remodeled kitchen features custom cabinetry, quartz countertops, a tile backsplash, updated tile flooring, new appliances, sink, faucet, lighting, and garbage disposal, blending timeless style with everyday functionality. Throughout the home you'll also find new flooring, fresh interior paint, updated trim and doors, renovated bathrooms, a new front entry door, and updated lighting. Significant improvements include all new windows and sliding glass doors, a new 40-gallon water heater (2026), and numerous plumbing and electrical upgrades, providing lasting value and peace of mind. The spacious living and dining areas open to a private Gulf-front balcony where you'll enjoy panoramic emerald-water views, unforgettable sunsets, and the relaxing sounds of the Gulf. Regency Towers offers outstanding resort-style amenities, including two beachfront pools, the popular Sandbar, fitness facilities, billiards room, family movie nights, and direct beach access, all just minutes from Panama City Beach's premier dining, shopping, and entertainment. Front-stack 3-bedroom residences of this caliber are exceptionally rare, especially with this level of renovation already completed. This is a unique opportunity to own one of Regency Towers' most desirable floor plans without the expense or hassle of future updates. As an added bonus, two beach chair service memberships are included through the end of the 2026 beach season, so you can start enjoying the beach from day one. This condo was a successful short-term rental through 2024 before becoming the owners' private home for the past two years. It has now been placed back on the rental market and is being offered fully furnished and completely turnkey, including furnishings, linens, towels, kitchen essentials, and décor. Whether you're looking for a personal beachfront retreat or an investment property, everything is already in place for you to start enjoying it or generating rental income immediately.
    47 days
    335
    26

    Zillow last checked:

    Listing updated:

    Listed by:

    Leigh A Carr 816-810-9742,

    SimpliHOM

    Source: CPAR,MLS#: 792707MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom, Primary Bedroom
      Primary bedroom
      • Description: Gulf Front Master Bedroom, Access to Balcony
      • Dimensions: 14 x 12
      Bedroom
      • Description: Large Secondary Bedroom with two queen beds
      • Dimensions: 13 x 13
      Bedroom
      • Description: Large Secondary Bedroom, King Size Bed
      • Dimensions: 12 x 8
      Heating
      • Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Washer/Dryer Stacked, Electric Cooktop, Electric Water Heater, Ice Maker
      • Laundry: Stacked
      Features
      • Balcony, Shower Only
      Interior area
      • Total structure area: 1,372
      • Total interior livable area: 1,372 sqft

      Property

      Parking
      • Parking features: Gated, Parking Lot
      Accessibility
      • Accessibility features: Accessible Entrance
      Features
      • Stories: 14
      • Patio & porch: Balcony
      • Pool features: Electric Heat, In Ground, Community
      • Spa features: Community
      • Has view: Yes
      • View description: Gulf, Water
      • Has water view: Yes
      • Water view: Gulf,Water
      • Waterfront features: Gulf, Shoreline - Sand
      Details
      • Parcel number: 32382121000
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: High Rise
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Block, Concrete
      • Foundation: Pillar/Post/Pier
      • Roof: Flat
      Condition
      • New construction: No
      • Year built: 1975

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Connected

      Community & HOA

      Community
      • Features: Barbecue, Business Center, Clubhouse, Elevator, Fitness Center, Park, Pool, Sauna, Waterfront, Community Pool, Gated, Short Term Rental Allowed
      • Security: Building Security, Security Gate, Gated with Guard, Gated Community, 24 Hour Security, Security Guard, Fire Alarm, Smoke Detector(s), Security Service
      • Subdivision: Regency Towers
      HOA
      • Has HOA: Yes
      • Amenities included: Other, See Remarks, Gated, Barbecue, Spa/Hot Tub
      • Services included: Association Management, Clubhouse, Cable TV, Fitness Facility, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Trash, Water
      • HOA fee: $2,546 quarterly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $452/sqft
      • Tax assessed value: $484,500
      • Annual tax amount: $4,666
      • Date on market: 7/16/2026
      • Cumulative days on market: 47 days

        Estimated market value

        $586,500

        $557,000 - $616,000

        $2,676/mo

        Price history

        DateEventPrice
        8/30/2026Pending sale$619,950$452/sqft
        Source: CPAR #792707 Report a problem
        7/16/2026Listed for sale$619,950+74.6%$452/sqft
        Source: CPAR #792707 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        8/26/2020Sold$355,000$259/sqft
        Source: Public Record Report a problem
        8/7/2020Pending sale$355,000$259/sqft
        Source: Owner Report a problem
        7/29/2020Listed for sale$355,000+40.3%$259/sqft
        Source: Owner Report a problem
        10/3/2017Sold$253,000-4.5%$184/sqft
        Source: CPAR #659208 Report a problem
        8/27/2017Pending sale$265,000$193/sqft
        Source: Jim Free Realty LLC #659208 Report a problem
        5/27/2017Listed for sale$265,000$193/sqft
        Source: Jim Free Realty LLC #659208 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,514 +3.1%$415,771 +10%
        2023$5,350 +13.9%$377,974 +10%
        2022$4,696 $343,613
        2021-- --
        2020$2,500 +10.4%$198,688 +10%
        2019$2,265 $180,625 -15%
        2018$2,265 -16.1%$212,500 -0.8%
        2017$2,700 -1.4%$214,200 -0.8%
        2016$2,739 -3.2%$215,985 +10%
        2015$2,829 $196,350 +10%
        2014$2,829 $178,500 +9.5%
        2013-- $163,079 -6.9%
        2012-- $175,100 +9.9%
        2011-- $159,330
        2010-- $159,330 -21%
        2009-- $201,684 -10.6%
        2008-- $225,570 -13.6%
        2007-- $261,186 -23%
        2006-- $339,202 +60%
        2005-- $212,001
        2004-- $212,001 +5.8%
        2003-- $200,301
        2002-- $200,301
        2001-- $200,301 +75.7%
        2000-- $114,000
        Find assessor info on the county website

        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

        45 / 100
        Car-Dependent
        48 / 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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