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Sold for $470,000
    • $470,000

    7205 Thomas Dr Unit B505, Panama City Beach, FL 32408

    2beds
    1,190sqft
    Condominium
    Built in 1980
    -- sqft lot
    $468,600 Zestimate®
    $395/sqft
    $2,204 Estimated rent

    Home value

    $468,600

    $445,000 - $492,000

    $2,204/mo

    Zestimate® history
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    What's special

    Tennis courtsTop-floor gulf-front condoOutdoor bbq grillsPanoramic vistasOffered fully furnishedFitness roomRemodeled kitchen
    Welcome to Dunes of Panama B505, a beautifully remodeled and updated top-floor Gulf-front condo in the highly desirable low-density ''B'' building with only 40 total units. This stunning 2 bedroom, 2 bath residence includes a deeded parking space and an indoor climate-controlled storage unit, offering exceptional convenience and value. Enjoy breathtaking Gulf views from the living room, dining area, kitchen, and master suite, with panoramic vistas that truly do not get any better. The interior features a remodeled kitchen, beautifully tiled bathroom showers, and wood grain luxury vinyl plank flooring throughout, creating a clean, coastal, and move-in-ready feel. Offered fully furnished, this condo is ideal as a second home or rental investment property that is sure to please. Located directly on the sugar white sands, Dunes of Panama offers 1,500 linear feet of beachfront along with three Gulf-front pools (one heated), tennis courts, basketball, fitness room, volleyball, shuffleboard, outdoor BBQ grills, free Wi-Fi, Stingray's restaurant and gift shop, and the popular Sneaky Tiki poolside bar. Relax, unwind, and enjoy resort-style living with strong rental potential in one of Panama City Beach's most established beachfront communities.

    Zillow last checked:

    Listing updated:

    Listed by:

    Beth Mulvey 256-566-5482,

    Beach House Sales and Development

    Bought with:

    Beth Mulvey, 3390217

    Beach House Sales and Development

    Source: CPAR,MLS#: 785278MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Bedroom, Living Room, Primary Bedroom
    Primary bedroom
    • Level: First
    • Dimensions: 16 x 12
    Bedroom
    • Level: First
    • Dimensions: 13 x 13
    Living room
    • Level: First
    • Dimensions: 26 x 14
    Heating
    • Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Electric Oven, Electric Range, Electric Water Heater
    Interior area
    • Total structure area: 1,190
    • Total interior livable area: 1,190 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Paved, Parking Lot
    • Covered spaces: 1
    Features
    • Patio & porch: Balcony
    • Pool features: Gunite, In Ground, Community
    • Has view: Yes
    • View description: Gulf
    • Has water view: Yes
    • Water view: Gulf
    • Waterfront features: Gulf, Shoreline - Sand
    Lot
    • Features: Paved
    Details
    • Additional structures: Tennis Court(s)
    • Parcel number: 30840255000

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Mid Rise
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1980

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Electricity Available

    Community & HOA

    Community
    • Features: Barbecue, Beach, Elevator, Fitness Center, Park, Pool, Storage Facilities, Tennis Court(s), Waterfront, Community Pool, Short Term Rental Allowed
    • Security: Security Lights, Fire Alarm, Smoke Detector(s)
    • Subdivision: Dunes Of Panama Phase II
    HOA
    • Has HOA: Yes
    • Amenities included: Barbecue, Picnic Area
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $395/sqft
    • Tax assessed value: $450,853
    • Annual tax amount: $5,472
    • Date on market: 2/14/2026
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    3/10/2026Sold$470,000-1.1%$395/sqft
    Source: CPAR #785278 Report a problem
    2/14/2026Pending sale$475,000$399/sqft
    Source: CPAR #785278 Report a problem
    2/14/2026Listed for sale$475,000-11.2%$399/sqft
    Source: CPAR #785278 Report a problem
    4/19/2024Sold$535,000-2.7%$450/sqft
    Source: CPAR #746500 Report a problem
    3/5/2024Contingent$550,000$462/sqft
    Source: CPAR #746500 Report a problem
    10/22/2023Price change$550,000-2.7%$462/sqft
    Source: CPAR #746500 Report a problem
    9/12/2023Listed for sale$565,000+151.1%$475/sqft
    Source: CPAR #746500 Report a problem
    6/10/2016Sold$225,000$189/sqft
    Source: CPAR #639299 Report a problem
    5/20/2016Pending sale$225,000$189/sqft
    Source: Berkshire Hathaway HomeService #749308 Report a problem
    5/20/2016Listed for sale$225,000$189/sqft
    Source: Berkshire Hathaway HomeService #749308 Report a problem
    4/12/2016Listing removed$225,000$189/sqft
    Source: Berkshire Hathaway Home Servic #749308 Report a problem
    8/7/2015Listed for sale$225,000$189/sqft
    Source: Prudential Shimmering Sands Realty Inc #635025 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,619 +5.4%$313,091 +10%
    2023$4,384 +44.6%$284,628 +10%
    2022$3,033 $258,753
    2021-- --
    2020$3,170 +12.5%$243,668 +10%
    2019$2,819 $221,516 +10%
    2018$2,819 +10.1%$201,378 +3.3%
    2017$2,561 +2.5%$195,003 +18.3%
    2016$2,498 +12.7%$164,828
    2015$2,215 $164,828 +0.3%
    2014$2,215 $164,403 +6.6%
    2013-- $154,277 +10%
    2012-- $140,252 -1.9%
    2011-- $142,902 -15.1%
    2010-- $168,402 -4.6%
    2009-- $176,571 -22.9%
    2008-- $229,066 -18%
    2007-- $279,515 -19.8%
    2006-- $348,496 +86.2%
    2005-- $187,121
    2004-- $187,121 +54.9%
    2003-- $120,820
    2002-- $120,820
    2001-- $120,820
    2000-- $120,820
    Find assessor info on the county website

    Neighborhood: Lower Grand Lagoon

    Nearby homes

    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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