Where coastal ease meets everyday comfort, and gross rental history exceeded $27K for 2025, Villa 504 at The Villas at St. Thomas captures the best of lagoon-front living.
Perfectly positioned on the ground level, this residence allows you to step effortlessly from your screened patio to the water's edge. Life here feels private yet connected, surrounded by resort-style amenities including a sparkling pool off the lagoon, tennis courts, sauna, grilling area, community dock, and dry -boat storage, with on-site dining, entertainment, and the Gulf just moments from your door.
Inside, the one-bedroom plus bunk alcove layout balances function and flow with an open concept design, granite countertops, and a casual breakfast bar that anchors the kitchen. Wood-tone plank and tile flooring add warmth and durability throughout, complemented by an updated bath and in-unit washer and dryer for convenience.
Whether enjoyed as a personal retreat or a smart investment, Villa 504 embodies effortless coastal living -- blending relaxed luxury, thoughtful updates, and unbeatable proximity to the Gulf beaches, local dining, and shopping that define Panama City Beach.
For sale
$225,000
8730 Thomas Dr Unit 504, Panama City Beach, FL 32408
1beds
680sqft
Condominium
Built in 1985
-- sqft lot
$209,000 Zestimate®
$331/sqft
$531/mo HOA
What's special
Tennis courtsCasual breakfast barCommunity dockUpdated bathGranite countertopsLagoon-front livingIn-unit washer and dryer
- 167 days
- 172
- 10
Zillow last checked:
Listing updated:
Listed by:
Abigail E Davis 423-321-2590,
Corcoran Reverie
Source: CPAR,MLS#: 786837
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: Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 12 x 11
Kitchen
- Level: First
- Dimensions: 10 x 7
Living room
- Level: First
- Dimensions: 15 x 13
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: Additional Parking, Gated, Paved
Features
- Patio & porch: Covered, Patio
- Pool features: 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: 30473068000
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: Condo
- Architectural style: Low Rise
- Property subtype: Condominium
Materials
- Stucco
- Roof: Tile
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, Clubhouse, Elevator, Fishing, Pool, Sauna, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed
- Security: Security Gate, Secured Garage/Parking, Gated Community, Security Fence, Security Lights
- Subdivision: Villas Of St. Thomas 5
HOA
- Has HOA: Yes
- Amenities included: Dock, Gated, Barbecue, Sauna
- Services included: Association Management, Clubhouse, Cable TV, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Recreation Facilities, Sewer, Tennis Courts, Trash, Water
- HOA fee: $1,593 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $331/sqft
- Tax assessed value: $191,250
- Annual tax amount: $2,548
- Date on market: 3/15/2026
- Cumulative days on market: 107 days
- Electric utility on property: Yes
Estimated market value
$209,000
$199,000 - $219,000
$1,499/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/15/2026 | Listed for sale | $225,000-1.3%$331/sqft |
Source:  CPAR #786837 Report a problem | ||
| 2/5/2026 | Listing removed | $228,000$335/sqft |
Source: CPAR #779770 Report a problem | ||
| 1/7/2026 | Price change | $228,000-3%$335/sqft |
Source: CPAR #779770 Report a problem | ||
| 12/3/2025 | Price change | $235,000-1.7%$346/sqft |
Source: CPAR #779770 Report a problem | ||
| 10/1/2025 | Listed for sale | $239,000-7.7%$351/sqft |
Source: CPAR #779770 Report a problem | ||
| 5/25/2025 | Listing removed | $259,000$381/sqft |
Source: CPAR #768429 Report a problem | ||
| 2/7/2025 | Listed for sale | $259,000+13.6%$381/sqft |
Source: CPAR #768429 Report a problem | ||
| 1/3/2023 | Sold | $228,000-8.8%$335/sqft |
Source: Public Record Report a problem | ||
| 9/17/2022 | Contingent | $249,900$368/sqft |
Source: CPAR #731289 Report a problem | ||
| 9/4/2022 | Price change | $249,900-16.6%$368/sqft |
Source: CPAR #731289 Report a problem | ||
| 8/24/2022 | Listed for sale | $299,500+71%$440/sqft |
Source: CPAR #731289 Report a problem | ||
| 7/12/2021 | Sold | $175,100+3%$258/sqft |
Source: CPAR #711402 Report a problem | ||
| 7/8/2021 | Pending sale | $170,000$250/sqft |
Source: CPAR #711402 Report a problem | ||
| 5/21/2021 | Contingent | $170,000$250/sqft |
Source: CPAR #711402 Report a problem | ||
| 5/19/2021 | Listed for sale | $170,000+13.3%$250/sqft |
Source: CPAR #711402 Report a problem | ||
| 5/13/2021 | Contingent | $150,000$221/sqft |
Source: CPAR #711402 Report a problem | ||
| 5/10/2021 | Listed for sale | $150,000+42.9%$221/sqft |
Source: CPAR #711402 Report a problem | ||
| 1/2/2018 | Sold | $105,000-31.1%$154/sqft |
Source: Public Record Report a problem | ||
| 2/20/2006 | Sold | $152,500$224/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,390 -3% | $191,250 -1.3% |
| 2023 | $2,463 +27.4% | $193,800 +18.4% |
| 2022 | $1,933 | $163,625 |
| 2021 | -- | -- |
| 2020 | $432 -0.5% | $64,748 +0.4% |
| 2019 | $434 | $64,495 +1.9% |
| 2018 | $434 0% | $63,292 +9.5% |
| 2017 | $434 -55.1% | $57,783 +10% |
| 2016 | $968 +35.7% | $52,530 +3% |
| 2015 | $713 | $51,000 -18.9% |
| 2014 | $713 | $62,900 -1.3% |
| 2013 | -- | $63,750 +8.7% |
| 2012 | -- | $58,650 -12.9% |
| 2011 | -- | $67,320 -13.9% |
| 2010 | -- | $78,200 |
| 2009 | -- | $78,200 -2.6% |
| 2008 | -- | $80,302 -13% |
| 2007 | -- | $92,301 +30% |
| 2006 | -- | $71,001 |
| 2005 | -- | $71,001 +42.8% |
| 2004 | -- | $49,710 |
| 2003 | -- | $49,710 |
| 2002 | -- | $49,710 |
| 2001 | -- | $49,710 |
| 2000 | -- | $49,710 |
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.Climate risks
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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