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For sale
  • Price cut: $10.5K (7/19)
    $929,500

    7428 Thomas Dr, Panama City Beach, FL 32408

    4beds
    2,375sqft
    : 
    $5,910/mo
    Get pre-qualified
    Single Family Residence
    Built in 2005
    3,049 Square Feet Lot
    $890,200 Zestimate®
    $391/sqft
    $-- HOA

    What's special

    Heated saltwater poolHalf bathPrivate outdoor spacesEnsuite bathBrand-new composite deckingMultiple custom-built bunk areasJacuzzi tub
    Located directly across Thomas Drive from Rick Seltzer Park, this fully furnished three-story beach home offers exceptional short-term rental appeal in one of the most desirable areas of Panama City Beach. Positioned just steps from dedicated public beach frontage with lifeguards, showers, parking, and convenient Gulf access, the property is ideally suited for vacationers seeking walkability, beach convenience, and accommodations for large groups. Gulf views are protected by the park frontage, enhancing long-term value and guest appeal. Designed with income-producing potential in mind, this 4-bedroom, 3.5-bath property features a flexible multi-level layout capable of accommodating up to 16 guests comfortably. Popular rental features include multiple custom-built bunk areas, spacious entertainment zone, private outdoor spaces, and a heated saltwater pool, amenities consistently sought after by vacation renters in the Panama City Beach market. The first floor includes custom-built queen-over-queen bunk beds with integrated lighting and USB charging stations adjacent to a full bath. The second-floor primary suite features a king bed, private balcony with Gulf views, jacuzzi tub, walk-in closet, and ensuite bath. An additional second-floor suite includes more custom queen-over-queen bunks with its own full bath. The third-floor entertainment level offers vaulted ceilings, wet bar with sink and mini fridge, sleeper sofa, half bath, custom full-size bunk beds, and direct access to a large rooftop-style deck with Gulf views and abundant lounge space. The main living area offers 10-foot ceilings, crown molding, tile flooring, fireplace, abundant natural light, and an open-concept design ideal for gathering large groups. The kitchen features granite countertops, stainless steel appliances, wood cabinetry, breakfast bar seating, and a walk-in pantry. Outdoor amenities continue to enhance the property's rental desirability with a private fenced backyard, heated saltwater pool, multiple balconies, and a 25-foot rooftop observation deck overlooking the Gulf. Pool equipment includes a Wi-Fi-controlled Circupool salt generator, Hayward 2500 heater, and sand filter system. Additional upgrades and features include over $50,000 in recent improvements, brand-new composite decking, new roof section beneath the decking, Navien gas tankless water heater, aluminum hurricane shutters, laundry room with washer and dryer, and parking for 4 vehicles. Previously operated as a short-term vacation rental with strong historical income potential, this turnkey property offers an excellent opportunity for investors seeking a high-capacity beach rental in a prime location near Panama City Beach attractions, dining, shopping, and entertainment.
    211 days
    |
    295
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dennis M Dunnigan 850-258-3880,

    Coastal Choice Realty LLC,

    Ashley Dunnigan 850-527-9744,

    Coastal Choice Realty LLC

    Source: CPAR,MLS#: 784109MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bedroom, Dining Room, Great Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Other
      Primary bedroom
      • Level: Second
      • Dimensions: 16 x 14
      Bedroom
      • Level: First
      • Dimensions: 12 x 11
      Bedroom
      • Level: Second
      • Dimensions: 17 x 12
      Primary bathroom
      • Level: Second
      • Dimensions: 14 x 9
      Dining room
      • Level: First
      • Dimensions: 13 x 7
      Great room
      • Level: Third
      • Dimensions: 25 x 18
      Kitchen
      • Level: First
      • Dimensions: 13 x 11
      Living room
      • Level: First
      • Dimensions: 18 x 13
      Other
      • Features: Balcony
      • Level: Third
      • Dimensions: 23 x 18
      Heating
      • Central, Electric, Fireplace(s)
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Electric Oven, Electric Range, Tankless Water Heater
      Features
      • Balcony, Jetted Tub, Separate Shower, Smart Thermostat, Upper Level Primary
      • Windows: Double Pane Windows
      • Has fireplace: Yes
      • Fireplace features: Gas
      Interior area
      • Total structure area: 2,375
      • Total interior livable area: 2,375 sqft

      Property

      Parking
      • Parking features: Gravel
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Deck, Patio, Balcony, Covered, Porch
      • Exterior features: Covered Patio, Deck, Patio
      • Has private pool: Yes
      • Pool features: Fenced, Gunite, Gas Heat, In Ground, Salt Water, Private
      • Has spa: Yes
      • Fencing: Fenced,Privacy
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      Lot
      • Size: 3,049 Square Feet
      • Dimensions: 25 x 120
      • Features: Paved
      Details
      • Parcel number: 30808428010
      • Zoning description: County

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Coastal
      • Property subtype: Single Family Residence
      Materials
      • HardiPlank Type
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2005

      Utilities & green energy

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

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Subdivision: Holiday Beach Unit 16
      HOA
      • Has HOA: No
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $391/sqft
      • Tax assessed value: $537,889
      • Annual tax amount: $7,589
      • Date on market: 1/24/2026
      • Cumulative days on market: 212 days
      • Electric utility on property: Yes

        Estimated market value

        $890,200

        $846,000 - $935,000

        $4,398/mo

        Price history

        DateEventPrice
        7/19/2026Price change$929,500-1.1%$391/sqft
        Source: CPAR #784109 Report a problem
        4/22/2026Price change$939,999-1.1%$396/sqft
        Source: CPAR #784109 Report a problem
        1/24/2026Listed for sale$949,999-2.6%$400/sqft
        Source: CPAR #784109 Report a problem
        8/28/2025Listing removed$975,000$411/sqft
        Source: CPAR #773451 Report a problem
        8/11/2025Price change$975,000-1%$411/sqft
        Source: CPAR #773451 Report a problem
        7/24/2025Price change$985,000-1%$415/sqft
        Source: CPAR #773451 Report a problem
        5/14/2025Listed for sale$995,000-11.6%$419/sqft
        Source: CPAR #773451 Report a problem
        7/22/2024Listing removed--
        Source: CPAR #758999 Report a problem
        6/22/2024Listed for sale$1,125,000+3.7%$474/sqft
        Source: CPAR #758999 Report a problem
        6/30/2023Sold$1,084,707-7.7%$457/sqft
        Source: ECAOR #923415 Report a problem
        5/24/2023Pending sale$1,175,000$495/sqft
        Source: ECAOR #923415 Report a problem
        5/24/2023Contingent$1,175,000$495/sqft
        Source: CPAR #741265 Report a problem
        5/10/2023Listed for sale$1,175,000+102.9%$495/sqft
        Source: CPAR #741265 Report a problem
        2/26/2021Sold$579,000$244/sqft
        Source: CPAR #705205 Report a problem
        12/3/2020Listed for sale$579,000+52.4%$244/sqft
        Source: Kingdom Companies #705205 Report a problem
        1/23/2019Sold$380,000+4.1%$160/sqft
        Source: Public Record Report a problem
        12/17/2012Sold$365,000+40.4%$154/sqft
        Source: CPAR #600576 Report a problem
        12/10/2009Sold$260,000-45.8%$109/sqft
        Source: Public Record Report a problem
        11/1/2005Sold$480,000$202/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$6,650 -1.7%$537,889 0%
        2023$6,766 +18.3%$537,953 +9.6%
        2022$5,719 $491,016
        2021-- --
        2020$4,067 +59.1%$331,018 +22.8%
        2019$2,556 $269,482 +1.9%
        2018$2,556 +0.6%$264,457 -0.3%
        2017$2,540 -1.3%$265,289 -2.1%
        2016$2,575 -16.5%$270,972 +2.1%
        2015$3,084 $265,400 -0.5%
        2014$3,084 $266,666 -0.8%
        2013-- $268,910 +7.5%
        2012-- $250,107 -2.3%
        2011-- $255,992 -1.3%
        2010-- $259,366 -4.4%
        2009-- $271,297 -9.7%
        2008-- $300,374 -0.3%
        2007-- $301,244 -24.9%
        2006-- $401,367
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lower Grand Lagoon

        Getting around

        40 / 100
        Car-Dependent
        53 / 100
        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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