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For sale
  • Price cut: $10K (8/12)
    $439,000

    6505 Thomas Dr Unit 503, Panama City Beach, FL 32408

    2beds
    1,075sqft
    : 
    $4,031/mo
    Get pre-qualified
    Condominium
    Built in 1984
    -- sqft lot
    $420,500 Zestimate®
    $408/sqft
    $1,212/mo HOA

    What's special

    Modern dining setNew lightingTennis courtsHot tubModern coastal designGulf-front condoNew roof hvac system
    This gulf-front condo was fully renovated in 2025! It provides a highly-desired, modern, coastal design as a turnkey, vacation rental. This 2 bedroom, 2 bath unit at Summerhouse is a favorite of owners and guests alike. With over $75,000 in renovations, this unit has remarkable upgrades with 20-mil LVP flooring throughout, beautiful tiled showers, marble countertops, new lighting, vanities, water heater and new roof HVAC system. Pair that with new modern, coastal furnishings and you'll see why this gulf-front condo unit rents so well on the desired on the east end of Panama City Beach. This unit is spacious at just under 1,100 square feet, has a beachfront primary suite and offers breathtaking direct Gulf views from your balcony, the pools and the most perfect sunsets. As you enter the unit, you're greeted with a light, bright corridor with wainscoting-clad walls and LVP that flows seamlessly through the unit. Both bathrooms have been completely modernized with stunning vertical tile in green hues that mirror the turquoise waters of the Gulf of America. Ample storage in new vanities and lighting make for a picture-perfect coastal design. The gulf-front primary suite offers incredible views and you'll wake up to the waves every morning from your bed. The guest suite offers multiple bedding options to maximize your rental, as well. The kitchen features a breakfast bar, marble countertops, stainless appliances and white cabinetry. You'll enjoy ample seating with a modern dining set and 4 counter stools at the breakfast bar. Thoughtfully designed with shiplap-clad walls, fun wooden surfboard decor and plenty of seating in the neutral, yet modern, coastal living room. Step out of the living room onto the spacious patio and let the indoor-outdoor experience of Florida we all love soak in. The primary suite offers a king bed where you'll actually get to relax at the beach. In-unit laundry is also a great convenience at the beach. Summerhouse is a top-rated, gulf-front resort in Panama City Beach and guests come back year after year because of the amenities. Summerhouse offers two beachfront pools, including one heated seasonally, a kiddie pool area, hot tub, tennis courts, pickle ball courts, game room with billiards and arcade, owners lounge, gazebo by the beachfront pool and plenty of parking. Step out of your unit and enjoy coffee and the seabreezes in the mornings then head to the beach for a day by the turquoise waters and sugar white sands. Summerhouse is positioned just right on the east end of the beach on Thomas Drive, just minutes from St. Andrews State Park, multiple marinas including dry boat storage, many waterfront dining establishments, local fishing charters, pontoon boat rentals, and shopping. If you're looking for a turn-key, short-term vacation rental and maximizing your income, this is the unit for you! No deferred maintenance, just income in your pocket. Not looking to rent? Owners love Summerhouse, as well, and there are many owners that utilize their condos as second homes and places for their families to getaway to the beach.
    36 days
    505
    42

    Zillow last checked:

    Listing updated:

    Listed by:

    Sostheim Group 850-814-4560,

    Corcoran Reverie

    Source: CPAR,MLS#: 793140MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom, Great Room, Kitchen, Primary Bedroom
      Primary bedroom
      • Level: First
      • Dimensions: 13 x 12
      Bedroom
      • Level: First
      • Dimensions: 13 x 12
      Great room
      • Level: First
      • Dimensions: 18 x 12
      Kitchen
      • Level: First
      • Dimensions: 11 x 9
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Electric Range, Electric Water Heater
      Features
      • Main Level Primary, Tub Shower
      Interior area
      • Total structure area: 1,075
      • Total interior livable area: 1,075 sqft

      Property

      Parking
      • Parking features: Parking Lot
      Features
      • Patio & porch: Balcony
      • Pool features: 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
      Lot
      • Features: Paved
      Details
      • Parcel number: 30585647000
      • Zoning description: Resort
      • Special conditions: Listed As-Is

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: High Rise
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Stucco
      Condition
      • New construction: No
      • Year built: 1984

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Connected, Electricity Available

      Community & HOA

      Community
      • Features: Barbecue, Beach, Clubhouse, Conference/Meeting Room, Fishing, Game Room, Pool, Shopping, Tennis Court(s), Waterfront, Community Pool, Short Term Rental Allowed
      • Subdivision: Summerhouse Of P.C. 1
      HOA
      • Has HOA: Yes
      • Amenities included: Beach Rights, Game Room, Barbecue
      • Services included: Association Management, Clubhouse, Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Pool(s), Sewer, Tennis Courts, Trash, Water
      • HOA fee: $1,212 monthly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $408/sqft
      • Tax assessed value: $395,250
      • Annual tax amount: $3,649
      • Date on market: 7/26/2026
      • Cumulative days on market: 36 days
      • Electric utility on property: Yes

        Estimated market value

        $420,500

        $399,000 - $442,000

        $1,890/mo

        Price history

        DateEventPrice
        8/12/2026Price change$439,000-2.2%$408/sqft
        Source: CPAR #793140 Report a problem
        7/26/2026Listed for sale$449,000+42.5%$418/sqft
        Source: CPAR #793140 Report a problem
        7/25/2025Sold$315,000-9.2%$293/sqft
        Source: Navarre Area BOR #975715 Report a problem
        7/4/2025Pending sale$346,900$323/sqft
        Source: ECAOR #975715 Report a problem
        6/24/2025Price change$346,900-1.2%$323/sqft
        Source: ECAOR #975715 Report a problem
        5/24/2025Price change$351,000+0.3%$327/sqft
        Source: ECAOR #975715 Report a problem
        5/6/2025Listed for sale$350,000$326/sqft
        Source: ECAOR #975715 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,360 +2.4%$318,277 +10%
        2023$4,257 +25.6%$289,343 +10%
        2022$3,389 $263,039
        2021-- --
        2020$2,685 +5.4%$217,387 +6.8%
        2019$2,548 $203,553 -5.3%
        2018$2,548 -6.7%$215,050 +5.4%
        2017$2,732 +4.6%$204,000 +2.1%
        2016$2,611 +0.9%$199,750 +7.1%
        2015$2,587 $186,447 +10%
        2014$2,587 $169,497 +10%
        2013-- $154,088 +10%
        2012-- $140,080 -17.6%
        2011-- $170,000 -11.5%
        2010-- $192,100 -22.1%
        2009-- $246,698 0%
        2008-- $246,699 -28.7%
        2007-- $346,001
        2006-- $346,001
        2005-- $346,001 +70.4%
        2004-- $203,001
        2003-- $203,001 +49.9%
        2002-- $135,450
        2001-- $135,450
        2000-- $135,450
        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.
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        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        29 / 100
        Car-Dependent
        46 / 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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