For sale

$499,000

7205 Thomas Dr #1504, Panama City Beach, FL 32408

2beds

1,000sqft

$4,280/mo

Get pre-qualified

Condominium

Built in 1985

-- sqft lot

$470,900 Zestimate^®

$499/sqft

$1,108/mo HOA

What's special

Oversized floor planPlenty of storageLarge balcony

Dunes of Panama 2 bedroom with large balcony. Located on the 15th floor this unit has outstanding views from the living room and primary bedroom. The oversized floor plan has plenty of storage and new slider doors to to view the gulf. Short term rentals are allowed and being sold furnished rental ready.

136 days
151
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Bedroom, Kitchen, Living Room, Primary Bathroom, Primary Bedroom

Primary bedroom

Level: First
Dimensions: 17 x 13

Bedroom

Level: First
Dimensions: 12 x 14

Primary bathroom

Level: First
Dimensions: 16 x 20

Kitchen

Level: First
Dimensions: 11 x 9

Living room

Level: First
Dimensions: 21 x 24

Heating

Central, Electric

Cooling

Central Air

Appliances

Included: Electric Water Heater

Interior area

Total structure area: 1,000
Total interior livable area: 1,000 sqft

Property

Features

Pool features: In Ground, Community
Has view: Yes
View description: Gulf
Has water view: Yes
Water view: Gulf
Waterfront features: Gulf

Details

Parcel number: 30840826000
Zoning description: Resid Multi-Family
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: 1985

Utilities & green energy

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

Community & HOA

Community

Features: Pool, Tennis Court(s), Waterfront, Community Pool, Short Term Rental Allowed
Security: Fire Alarm
Subdivision: Dunes Of Panama Phase V

HOA

Has HOA: Yes
Amenities included: Gated
Services included: Association Management, Cable TV, Fitness Facility, Legal/Accounting, Maintenance Grounds, Pest Control, Security, Tennis Courts, Trash, Water
HOA fee: $1,108 monthly

Location

Region: Panama City Beach

Financial & listing details

Price per square foot: $499/sqft
Tax assessed value: $450,500
Annual tax amount: $4,566
Date on market: 4/13/2026
Cumulative days on market: 64 days
Electric utility on property: Yes

Estimated market value

$470,900

$447,000 - $494,000

$1,988/mo

Price history

Date	Event	Price
4/14/2026	Listed for sale	$499,000+45.7%$499/sqft
Source: CPAR #788278 Report a problem
7/23/2020	Sold	$342,500+52.2%$343/sqft
Source: Public Record Report a problem
11/16/2016	Sold	$225,000+12.5%$225/sqft
Source: Public Record Report a problem
12/7/2011	Sold	$200,000-7%$200/sqft
Source: Public Record Report a problem
2/21/2001	Sold	$215,000$215/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,127 +1.3%	$386,074 +10%
2023	$5,062 +25.5%	$350,976 +10%
2022	$4,033	$319,069
2021	--	--
2020	$2,961 -3.7%	$240,125 +6.3%
2019	$3,076	$225,803 +10%
2018	$3,076 +17.9%	$205,275 +7.3%
2017	$2,609 +6.5%	$191,250 +6.4%
2016	$2,450	$179,685 -7.1%
2015	--	$193,375 +30.2%
2014	--	$148,500 +10%
2013	--	$135,000 -12.1%
2012	--	$153,638 -6.8%
2011	--	$164,900 -11.9%
2010	--	$187,129
2009	--	$187,129 -22.9%
2008	--	$242,761 -18%
2007	--	$296,226 -18%
2006	--	$361,251 +59.8%
2005	--	$226,001
2004	--	$226,001 +26%
2003	--	$179,301
2002	--	$179,301
2001	--	$179,301 +30.6%
2000	--	$137,300