Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features include private balcony, modern kitchen with washer/dryer, smart thermostat, smart TVs, fresh paint, and updated fixtures. Community amenities: pool, tennis, clubhouse, sauna, BBQ. Low HOA + unincorporated Bay County = favorable STR taxes. Seller offering 3 months of complimentary management. Largest + best decor + best situated unit in complex! Walkable to beaches, dining, and entertainment
For sale
$425,000
8730 Thomas Dr Unit 409, Panama City Beach, FL 32408
3beds
1,322sqft
Condominium
Built in 1984
-- sqft lot
$402,100 Zestimate®
$321/sqft
$959/mo HOA
What's special
Boat dockPrivate balconyFresh paintUpdated fixturesModern kitchenSmart thermostatSmart tvs
- 128 days
- 160
- 11
Zillow last checked:
Listing updated:
Listed by:
Robert Weil 850-714-1935,
Engel & Voelkers 30A Beaches
Source: CPAR,MLS#: 788796
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bedroom, Kitchen, Living Room, Primary Bedroom, Other
Primary bedroom
- Level: Second
- Dimensions: 20 x 15
Bedroom
- Level: Second
- Dimensions: 12 x 12
Bedroom
- Level: First
- Dimensions: 12 x 12
Kitchen
- Level: First
- Dimensions: 20 x 15
Living room
- Level: First
- Dimensions: 17 x 15
Other
- Features: Balcony
Features
- Upper Level Primary
Interior area
- Total structure area: 1,322
- Total interior livable area: 1,322 sqft
Property
Features
- Patio & porch: Balcony
- Pool features: Community
- On waterfront: Yes
- Waterfront features: Bayfront
Details
- Parcel number: 30473057000
Construction
Type & style
- Home type: Condo
- Architectural style: Low Rise
- Property subtype: Condominium
Condition
- New construction: No
- Year built: 1984
Community & HOA
Community
- Features: Clubhouse, Dock, Pool, Waterfront, Community Pool, Short Term Rental Allowed
- Subdivision: Villas Of St. Thomas 4
HOA
- Has HOA: Yes
- Amenities included: Dock, Sauna
- Services included: Clubhouse, Maintenance Grounds, Pool(s), Trash
- HOA fee: $2,878 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $320,663
- Annual tax amount: $3,982
- Date on market: 4/23/2026
- Cumulative days on market: 99 days
Estimated market value
$402,100
$382,000 - $422,000
$2,771/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Listed for sale | $425,000$321/sqft |
Source:  ECAOR #1000290 Report a problem | ||
| 4/7/2026 | Listing removed | $425,000$321/sqft |
Source:  MIAMI #A11868763 Report a problem | ||
| 8/30/2025 | Listing removed | $3,500$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/29/2025 | Listed for sale | $425,000+1.2%$321/sqft |
Source: MIAMI #A11868763 Report a problem | ||
| 8/14/2025 | Price change | $3,500-6.7%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/18/2025 | Price change | $3,750-3.8%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/24/2025 | Price change | $3,900-2.5%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/4/2025 | Price change | $4,000+27%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/26/2025 | Listed for rent | $3,150$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/23/2024 | Listing removed | $3,150$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/17/2024 | Price change | $3,150+6.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/7/2024 | Price change | $2,950-1.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/14/2024 | Price change | $3,000-7.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/30/2024 | Price change | $3,250-12.2%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/16/2024 | Price change | $3,700-1.3%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/8/2024 | Listed for rent | $3,750+36.4%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/28/2024 | Listing removed | -- |
Source:  CPAR #751373 Report a problem | ||
| 2/13/2024 | Price change | $419,999-1.2%$318/sqft |
Source: CPAR #751373 Report a problem | ||
| 1/16/2024 | Listed for sale | $425,000-3.2%$321/sqft |
Source: CPAR #751373 Report a problem | ||
| 12/30/2023 | Listing removed | -- |
Source: ECAOR #935760 Report a problem | ||
| 11/2/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/1/2023 | Listed for sale | $439,000+9.9%$332/sqft |
Source: ECAOR #935760 Report a problem | ||
| 10/27/2023 | Listed for rent | $2,750$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/5/2023 | Sold | $399,500+37.3%$302/sqft |
Source:  PAR #623815 Report a problem | ||
| 4/30/2021 | Sold | $291,000+33.8%$220/sqft |
Source: CPAR #707487 Report a problem | ||
| 4/12/2019 | Sold | $217,500+17.6%$165/sqft |
Source: Public Record Report a problem | ||
| 10/2/2008 | Sold | $185,000+5.7%$140/sqft |
Source: Public Record Report a problem | ||
| 9/24/2004 | Sold | $175,000$132/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,981 +14.3% | $320,663 +30.9% |
| 2023 | $3,484 +33.2% | $244,970 +10% |
| 2022 | $2,616 | $222,700 |
| 2021 | -- | -- |
| 2020 | $2,289 +14.1% | $184,875 +27.7% |
| 2019 | $2,006 | $144,813 +10% |
| 2018 | $2,006 +12.9% | $131,648 +10% |
| 2017 | $1,777 +11.4% | $119,680 +10% |
| 2016 | $1,595 +8.1% | $108,800 |
| 2015 | $1,476 | $108,800 -5.2% |
| 2014 | $1,476 | $114,750 +3.8% |
| 2013 | -- | $110,519 +10% |
| 2012 | -- | $100,472 -9.5% |
| 2011 | -- | $111,048 -27% |
| 2010 | -- | $152,030 |
| 2009 | -- | $152,030 -9.8% |
| 2008 | -- | $168,520 -13% |
| 2007 | -- | $193,701 +30% |
| 2006 | -- | $149,001 |
| 2005 | -- | $149,001 +113.8% |
| 2004 | -- | $69,692 |
| 2003 | -- | $69,692 |
| 2002 | -- | $69,692 |
| 2001 | -- | $69,692 |
| 2000 | -- | $69,692 |
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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