For sale

Price cut: $20K (8/5)

$813,000

7205 Thomas Dr Unit E206, Panama City Beach, FL 32408

3beds

1,480sqft

$6,469/mo

Get pre-qualified

Condominium

Built in 1985

-- sqft lot

$780,400 Zestimate^®

$549/sqft

$1,249/mo HOA

What's special

Experience Gulf-front living at Unit E206 at Dunes of Panama, a fully furnished and turnkey condo perfectly positioned on the white sands of Panama City Beach. This beautifully maintained unit offers spacious living areas, a private balcony, and strong vacation rental potential, making it ideal as a primary residence, second home, or income-producing investment. The property is being sold fully turnkey with established rental management already in place for a seamless transition for the next owner. An added bonus is the inclusion of a separate deeded garage space with the purchase -- a rare and highly desirable feature in Panama City Beach. Residents and guests enjoy resort-style amenities including beachfront pools, tennis courts, fitness facilities, on-site dining, and direct beach access, all conveniently located near shopping, restaurants, and local attractions..

104 days
84
3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Rooms

Room types: Bedroom, Primary Bedroom

Primary bedroom

Level: First
Dimensions: 15 x 16

Bedroom

Level: First
Dimensions: 12 x 16

Bedroom

Level: First
Dimensions: 12 x 15

Heating

Central

Cooling

Central Air

Appliances

Included: Electric Cooktop, Electric Range

Features

Balcony, Handicap Access, Main Level Primary

Interior area

Total structure area: 1,480
Total interior livable area: 1,480 sqft

Property

Accessibility

Accessibility features: Adaptable For Elevator

Features

Patio & porch: Balcony
Pool features: Community
Has view: Yes
View description: Gulf, Water
Has water view: Yes
Water view: Gulf,Water
Waterfront features: Gulf

Lot

Size: 1,976 Square Feet
Dimensions: 1976 sq ft

Details

Parcel number: 30840756000

Construction

Type & style

Home type: Condo
Architectural style: Low Rise
Property subtype: Condominium

Condition

New construction: No
Year built: 1985

Utilities & green energy

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

Community & HOA

Community

Features: Barbecue, Community Pool, Short Term Rental Allowed
Security: Security Gate, 24 Hour Security, Security Guard
Subdivision: Dunes Of Panama Phase V

HOA

Has HOA: Yes
Amenities included: Barbecue
Services included: Fitness Facility, Maintenance Grounds, Pool(s), Recreation Facilities, Tennis Courts
HOA fee: $1,249 monthly

Location

Region: Panama City Beach

Financial & listing details

Price per square foot: $549/sqft
Tax assessed value: $622,750
Annual tax amount: $6,818
Date on market: 5/17/2026
Cumulative days on market: 104 days
Electric utility on property: Yes

Estimated market value

$780,400

$741,000 - $819,000

$3,088/mo

Price history

Date	Event	Price
8/5/2026	Price change	$813,000-2.4%$549/sqft
Source: CPAR #789996 Report a problem
7/18/2026	Price change	$833,000-0.6%$563/sqft
Source: CPAR #789996 Report a problem
6/8/2026	Price change	$838,000-0.2%$566/sqft
Source: CPAR #789996 Report a problem
5/17/2026	Listed for sale	$839,500-1.2%$567/sqft
Source: CPAR #789996 Report a problem
6/1/2025	Listing removed	$850,000$574/sqft
Source: ECAOR #967664 Report a problem
2/3/2025	Listed for sale	$850,000-10.4%$574/sqft
Source: ECAOR #967664 Report a problem
1/9/2024	Listing removed	--
Source: CPAR #736160 Report a problem
8/17/2023	Price change	$949,000-2.1%$641/sqft
Source: CPAR #736160 Report a problem
1/9/2023	Listed for sale	$969,000+99.8%$655/sqft
Source: CPAR #736160 Report a problem
7/3/2007	Sold	$485,000+19%$328/sqft
Source: Public Record Report a problem
11/12/2003	Sold	$407,500+23.5%$275/sqft
Source: Public Record Report a problem
1/3/2001	Sold	$330,000$223/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,158 -1.6%	$546,084 +10%
2023	$7,277 +15.2%	$496,440 +10%
2022	$6,316	$451,309
2021	--	--
2020	$4,747 +10.3%	$372,983 +10%
2019	$4,303	$339,075 +10%
2018	$4,303 +10.4%	$308,250 -7%
2017	$3,898 -7.6%	$331,625 +7.5%
2016	$4,219 +12.7%	$308,620 +10%
2015	$3,743	$280,564 +4.3%
2014	$3,743	$268,950 +10%
2013	--	$244,500 -9.7%
2012	--	$270,654 -15.7%
2011	--	$321,016 -1.5%
2010	--	$325,888 +0.7%
2009	--	$323,622 -22.9%
2008	--	$419,833 -18%
2007	--	$512,296 -18%
2006	--	$624,751 +98.3%
2005	--	$315,001
2004	--	$315,001 +12%
2003	--	$281,301
2002	--	$281,301
2001	--	$281,301 +50.8%
2000	--	$186,500