For sale

Price cut: $20K (8/22)

$525,000

7205 Thomas Dr Unit E904, Panama City Beach, FL 32408

2beds

1,286sqft

$4,570/mo

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Condominium

Built in 1985

-- sqft lot

$503,600 Zestimate^®

$408/sqft

$1,163/mo HOA

What's special

Freshly paintedBedrooms have carpetUpdated cabinetsGulf front viewsPlace to grillRetextured ceilingsTile flooring throughout

'Gulf Front'' Beautiful Large Deluxe 2BR 2BA 1286 sq. ft. fully furnished condominium added bonus comes Garage Space. Tile flooring throughout and bedrooms have carpet. Fully equipped Kitchen w/breakfast bar. Wonderful Gulf Front views from large balcony, you can see the beach and 1 of 3 pools, great for *Relaxation*. Condo has updated cabinets, counters, closet doors, freshly painted including retextured ceilings, new shower in Master Bedroom, sliding doors and windows just to mention a few. Rental ready for investment or great second home. Dunes of Panama has 3 pools, clubhouse, tennis, pickleball, shuffleboard, fitness room, Snack shop and a place to grill. All dimensions are approx.

122 days
139
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Rooms

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

Primary bedroom

Level: First
Dimensions: 20 x 16

Bedroom

Level: First
Dimensions: 11 x 10

Kitchen

Level: First
Dimensions: 11 x 8

Living room

Description: Liiving/dining room
Level: First
Dimensions: 24 x 21

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Washer/Dryer Stacked, Electric Oven, Electric Water Heater
Laundry: Stacked

Features

Balcony, Main Level Primary, Shower Only

Interior area

Total structure area: 1,286
Total interior livable area: 1,286 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 1
Parking features: Parking Lot
Garage spaces: 1

Features

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

Details

Additional structures: Tennis Court(s)
Parcel number: 30840796000
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

Condition

New construction: No
Year built: 1985

Utilities & green energy

Utilities for property: Cable Connected, Electricity Available, High Speed Internet Available

Community & HOA

Community

Features: Barbecue, Clubhouse, Fitness Center, Park, Pool, Waterfront, Community Pool, Gated, Short Term Rental Allowed
Security: Gated with Guard, Gated Community, Smoke Detector(s)
Subdivision: Dunes Of Panama Phase V

HOA

Has HOA: Yes
Amenities included: Gated
Services included: Association Management, Cable TV, Insurance, Internet, Legal/Accounting, Pest Control, Pool(s), Recreation Facilities, Sewer, Tennis Courts, Trash, Water
HOA fee: $1,163 monthly

Location

Region: Panama City Beach

Financial & listing details

Price per square foot: $408/sqft
Tax assessed value: $453,867
Annual tax amount: $4,938
Date on market: 4/29/2026
Cumulative days on market: 404 days
Electric utility on property: Yes

Estimated market value

$503,600

$478,000 - $529,000

$2,287/mo

Price history

Date	Event	Price
8/22/2026	Price change	$525,000-3.7%$408/sqft
Source: CPAR #789096 Report a problem
4/29/2026	Listed for sale	$545,000$424/sqft
Source: CPAR #789096 Report a problem
1/7/2026	Listing removed	$545,000$424/sqft
Source: BHHS broker feed #973319 Report a problem
4/1/2025	Listed for sale	$545,000+109.7%$424/sqft
Source: CPAR #771279 Report a problem
8/31/2017	Sold	$259,900$202/sqft
Source: CPAR #660288 Report a problem
7/5/2017	Pending sale	$259,900$202/sqft
Source: Berkshire Hathaway Beach Properties of Florida #660288 Report a problem
6/26/2017	Listed for sale	$259,900$202/sqft
Source: Berkshire Hathaway Beach Properties of Florida #660288 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,938 +0.9%	$356,497 +10%
2023	$4,892 +25.3%	$324,088 +10%
2022	$3,903	$294,625
2021	--	--
2020	$3,002 -3.8%	$243,492 +6.1%
2019	$3,119	$229,506 +10%
2018	$3,119 +17.6%	$208,642 +7.2%
2017	$2,652 +6.4%	$194,617 -4.2%
2016	$2,493 -5.5%	$203,117 +3.2%
2015	$2,637	$196,742 +1.6%
2014	$2,637	$193,555 +39.9%
2013	--	$138,367 -11.2%
2012	--	$155,904 -6.7%
2011	--	$167,166 -11.7%
2010	--	$189,395
2009	--	$189,395 -22.9%
2008	--	$245,701 -18%
2007	--	$299,814 -19.7%
2006	--	$373,251 +62%
2005	--	$230,376
2004	--	$230,376 +25.4%
2003	--	$183,676
2002	--	$183,676
2001	--	$183,676 +29.6%
2000	--	$141,675