Looking for a ready-to-go vacation rental or a low-maintenance seasonal home? This furnished 1-bed, 1.5-bath condo in the gated Villas of St. Thomas community offers everything you need for comfortable coastal living with strong rental appeal. Located on the ground floor with a covered patio overlooking the lagoon, this unit provides easy access and a relaxing waterfront setting that renters and seasonal residents appreciate.
The practical interior layout features tile flooring throughout, a functional kitchen with pantry storage, and a private washer and dryer — all valuable perks for longer stays. The full bedroom connects to the main bath, while the extra half bath and sleeper sofa allow guests to stay comfortably, increasing rental flexibility and occupancy potential.
Villas of St. Thomas provides amenities that enhance guest experience, including a lagoon-front pool, tennis courts, clubhouse, sauna, and a community dock with direct access to Grand Lagoon for boating, fishing, and kayaking. Short-term rentals are allowed, making this an income-producing opportunity from day one.
Located on the east end of Panama City Beach, the condo sits close to the shoreline, local restaurants, marinas, and popular attractions — a convenient spot that keeps renters returning year after year. A turnkey beach property with amenities, location, and rental demand, this unit is ideal for anyone seeking a coastal getaway that can also serve as an investment.
For sale
$240,000
8730 Thomas Dr Unit 102, Panama City Beach, FL 32408
1beds
680sqft
Condominium
Built in 1984
-- sqft lot
$220,900 Zestimate®
$353/sqft
$488/mo HOA
What's special
Tennis courtsExtra half bathLagoon-front poolPrivate washer and dryerSleeper sofa
- 266 days
- 35
- 4
Zillow last checked:
Listing updated:
Listed by:
Kelsey Payne 850-541-5382,
Simply South Realty,
Amber C Enfinger 850-520-7739,
Simply South Realty
Source: CPAR,MLS#: 782480
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Family Room, Kitchen, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 12 x 11
Family room
- Description: Combo
- Level: First
- Dimensions: 15 x 13
Kitchen
- Level: First
- Dimensions: 12 x 7
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Electric Water Heater
- Laundry: Stacked
Features
- Main Level Primary, Tub Shower
Interior area
- Total structure area: 680
- Total interior livable area: 680 sqft
Property
Parking
- Parking features: Gated, Parking Lot
Features
- Patio & porch: Covered, Porch
- Pool features: Fenced, In Ground, Community
- Has view: Yes
- View description: Lagoon
- Has water view: Yes
- Water view: Lagoon
- Waterfront features: Lagoon
Lot
- Features: Paved
Details
- Parcel number: 30473002000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: Low Rise
- Property subtype: Condominium
Materials
- Stucco
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Barbecue, Clubhouse, Dock, Park, Sauna, Shopping, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed
- Security: Gated Community, Security Gate, Smoke Detector(s), Security Service
- Subdivision: Villas Of St. Thomas 1
HOA
- Has HOA: Yes
- Amenities included: Other, See Remarks, Dock, Gated, Barbecue, Picnic Area, Boat Slip, Sauna
- Services included: Clubhouse, Fishing Rights, Insurance, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Recreation Facilities, Sewer, Tennis Courts, Trash
- HOA fee: $1,463 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $353/sqft
- Tax assessed value: $191,250
- Annual tax amount: $2,300
- Date on market: 12/8/2025
- Cumulative days on market: 213 days
Estimated market value
$220,900
$210,000 - $232,000
$1,483/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/8/2025 | Listed for sale | $240,000+6.7%$353/sqft |
Source:  CPAR #782480 Report a problem | ||
| 10/14/2025 | Listing removed | $225,000$331/sqft |
Source: CPAR #773288 Report a problem | ||
| 7/20/2025 | Price change | $225,000+4.7%$331/sqft |
Source: CPAR #773288 Report a problem | ||
| 6/29/2025 | Price change | $214,900-3.6%$316/sqft |
Source: CPAR #773288 Report a problem | ||
| 6/11/2025 | Price change | $223,000-0.9%$328/sqft |
Source: CPAR #773288 Report a problem | ||
| 5/19/2025 | Price change | $225,000-2.2%$331/sqft |
Source: CPAR #773288 Report a problem | ||
| 5/10/2025 | Listed for sale | $230,000+5%$338/sqft |
Source: CPAR #773288 Report a problem | ||
| 6/7/2024 | Sold | $219,000-4.7%$322/sqft |
Source: CPAR #752561 Report a problem | ||
| 6/4/2024 | Pending sale | $229,900$338/sqft |
Source: CPAR #752561 Report a problem | ||
| 5/14/2024 | Price change | $229,900-0.9%$338/sqft |
Source: CPAR #752561 Report a problem | ||
| 4/30/2024 | Price change | $232,000-2.5%$341/sqft |
Source:  ECAOR #942486 Report a problem | ||
| 4/8/2024 | Price change | $238,000-0.6%$350/sqft |
Source: CPAR #752561 Report a problem | ||
| 3/15/2024 | Price change | $239,500-2.4%$352/sqft |
Source: CPAR #752561 Report a problem | ||
| 3/5/2024 | Price change | $245,500-1%$361/sqft |
Source: CPAR #752561 Report a problem | ||
| 2/12/2024 | Listed for sale | $248,000+62.1%$365/sqft |
Source: CPAR #752561 Report a problem | ||
| 9/9/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/26/2021 | Listed for rent | $1,795+9.1%$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/25/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/4/2020 | Price change | $1,645-2.9%$2/sqft |
Source: Owner Report a problem | ||
| 11/23/2020 | Listed for rent | $1,695$2/sqft |
Source: Owner Report a problem | ||
| 6/19/2020 | Sold | $153,000-8.9%$225/sqft |
Source: CPAR #693834 Report a problem | ||
| 5/9/2020 | Price change | $168,000-2.3%$247/sqft |
Source: Top Producers Real Estate Ctr #693834 Report a problem | ||
| 3/14/2020 | Price change | $172,000-6.8%$253/sqft |
Source: Top Producers Real Estate Ctr #693834 Report a problem | ||
| 2/28/2020 | Price change | $184,500-2.4%$271/sqft |
Source: Top Producers Real Estate Ctr #693834 Report a problem | ||
| 2/7/2020 | Listed for sale | $189,000+215%$278/sqft |
Source: Top Producers Real Estate Ctr #693834 Report a problem | ||
| 8/5/2014 | Sold | $60,000$88/sqft |
Source: Public Record Report a problem | ||
| 10/16/2000 | Sold | $60,000$88/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,300 +2.7% | $178,301 +10% |
| 2023 | $2,240 +22.2% | $162,092 +10% |
| 2022 | $1,834 | $147,356 |
| 2021 | -- | -- |
| 2020 | $1,303 +10.7% | $76,909 +10% |
| 2019 | $1,177 | $69,917 +10% |
| 2018 | $1,177 +18.6% | $63,561 +10% |
| 2017 | $993 +2.6% | $57,783 +10% |
| 2016 | $968 +35.7% | $52,530 +3% |
| 2015 | $713 | $51,000 -18.9% |
| 2014 | $713 | $62,900 -2.5% |
| 2013 | -- | $64,515 +10% |
| 2012 | -- | $58,650 -12.9% |
| 2011 | -- | $67,320 -12.6% |
| 2010 | -- | $77,059 +2.7% |
| 2009 | -- | $75,033 +0.1% |
| 2008 | -- | $74,959 +3% |
| 2007 | -- | $72,776 +2.5% |
| 2006 | -- | $71,001 |
| 2005 | -- | $71,001 +25% |
| 2004 | -- | $56,795 |
| 2003 | -- | $56,795 |
| 2002 | -- | $56,795 |
| 2001 | -- | $56,795 |
| 2000 | -- | $56,795 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Lower Grand Lagoon
Nearby schools
Schools provided by the listing agent
- Elementary: Breakfast Point
- Middle: Breakfast Point
- 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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