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Off market
  • $555,100

    5801 Thomas Dr Unit 601, Panama City Beach, FL 32408

    3beds
    1,560sqft
    Single Family Residence
    Built in 1982
    -- sqft lot
    $555,100 Zestimate®
    $356/sqft
    $3,736 Estimated rent

    Home value

    $555,100

    $511,000 - $605,000

    $3,736/mo

    Zestimate® history
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    Rent Zestimate®

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    $3,602/mo

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    What's special

    Stylish decor throughoutGulf-facing balconyPrivate beach accessIndoor hot tubOpen airy floorplanBreathtaking sunsets every eveningStunning condo

    WELCOME TO PARADISE! This RENTAL MACHINE is almost fully booked for the summer already, and the existing reservations can be transferred to you - making it the perfect investment opportunity! Located on the 6th floor, the views from this stunning condo are nothing short of spectacular. Step out onto the gulf-facing balcony to enjoy breathtaking sunsets every evening. With 1,560 square feet of space, this condo boasts an open, airy floorplan that's perfect for relaxation and entertaining. The master suite features a private deck entrance, allowing you to enjoy even more of the serene coastal atmosphere. Recent updates include new shiplap, dining and patio furniture, a new washer & dryer, new stove, and stylish decor throughout, ensuring this home is both beautiful and functional. Enjoy all the amenities this gated community has to offer, including private beach access, 24-hour security services, and ample parking. Relax in one of the two large beachfront pools (one heated), unwind in the indoor hot tub, or grab a bite at Bikini Bob's Grill & Bar by the pool. Stay active at the fitness center, play a game of billiards, or have a picnic with family and friends in the designated area. Don't miss your chance to own a slice of paradise and take advantage of the lucrative rental potential! *Measurements are approximate & should be verified.*

    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#: 768082

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Electric
    Cooling
    • Central Air
    Features
    • Has basement: No
    Interior area
    • Total structure area: 1,560
    • Total interior livable area: 1,560 sqft

    Property

    Features
    • Patio & porch: Patio
    • On waterfront: Yes
    • Waterfront features: Waterfront
    • Frontage type: Waterfront
    Details
    • Parcel number: 32382233000

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1982

    Community & HOA

    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $356/sqft
    • Tax assessed value: $446,250
    • Annual tax amount: $5,524
    • Date on market: 2/2/2025
    • Lease term: Contact For Details
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    2/7/2026Listing removed$589,000$378/sqft
    Source: BHHS broker feed #768082 Report a problem
    7/22/2025Price change$589,000-1.7%$378/sqft
    Source: CPAR #768082 Report a problem
    4/18/2025Price change$599,000-4.8%$384/sqft
    Source: CPAR #768082 Report a problem
    2/1/2025Listed for sale$629,000+17.6%$403/sqft
    Source: CPAR #768082 Report a problem
    4/21/2023Sold$535,000-2.7%$343/sqft
    Source: Public Record Report a problem
    3/13/2023Pending sale$549,900$353/sqft
    Source: CPAR #736282 Report a problem
    1/12/2023Listed for sale$549,900-3.5%$353/sqft
    Source: CPAR #736282 Report a problem
    6/10/2022Sold$570,000+3.8%$365/sqft
    Source: CPAR #723579 Report a problem
    4/28/2022Contingent$549,000$352/sqft
    Source: CPAR #723579 Report a problem
    4/25/2022Pending sale$549,000$352/sqft
    Source: ECAOR #893307 Report a problem
    4/12/2022Price change$549,000-3.5%$352/sqft
    Source: ECAOR #893307 Report a problem
    3/13/2022Listed for sale$569,000+24%$365/sqft
    Source: CPAR #723579 Report a problem
    2/28/2022Sold$459,000$294/sqft
    Source: CPAR #722219 Report a problem
    2/26/2022Pending sale$459,000$294/sqft
    Source: CPAR #722219 Report a problem
    2/19/2022Contingent$459,000$294/sqft
    Source: CPAR #722219 Report a problem
    2/19/2022Listed for sale$459,000+45.7%$294/sqft
    Source: CPAR #722219 Report a problem
    4/14/2004Sold$315,000+30.8%$202/sqft
    Source: Public Record Report a problem
    8/4/2003Sold$240,900+4.7%$154/sqft
    Source: Public Record Report a problem
    6/6/2001Sold$230,000+11.1%$147/sqft
    Source: Public Record Report a problem
    2/15/2001Sold$207,000$133/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,524 -1.7%$446,250
    2023$5,619 +87.3%$446,250 +102.3%
    2022$3,001 $220,614
    2021-- --
    2020$2,740 +14.7%$206,273 +8.2%
    2019$2,388 $190,561 -5%
    2018$2,388 -11.4%$200,558 +10%
    2017$2,695 +15.3%$182,325 -6.1%
    2016$2,338 -5.1%$194,225 +7.9%
    2015$2,464 $179,988 +10%
    2014$2,464 $163,625 +0.5%
    2013-- $162,800 +10%
    2012-- $148,000 -5.1%
    2011-- $155,975 -8.3%
    2010-- $170,000 -25.9%
    2009-- $229,320 -1.1%
    2008-- $231,754 -13.6%
    2007-- $268,346 -23%
    2006-- $348,501 +69.2%
    2005-- $206,001
    2004-- $206,001 +15.1%
    2003-- $178,901
    2002-- $178,901
    2001-- $178,901 +51.6%
    2000-- $118,000
    Find assessor info on the county website

    Neighborhood: Lower Grand Lagoon

    Nearby schools

    GreatSchools rating
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    $555,100
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    $566,202