Home For Sale In Panama City Beach, Florida

house for sale

Listed: 02/21/24

5306 Thomas Drive, Biltmore Beach, Panama City Beach, FL 32408, USA

10 Bed:

8.5 Bath:

4,652 Sq Ft Living Area:

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Price

$ 2,49M

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About This House

Looking for a profitable short term rental in Panama City Beach, Florida? Look no further than this stunning duplex at 5300 Thomas Drive! With water views from the top floor, this property boast 5 bedrooms on each side plus a bunk room (making it 10 total rooms plus 2 bunk rooms in the whole unit), making it ideal for groups of all sizes. There is also a private pool for the duplex steps from the back door. Best of all, our rental projections for this property are between$260, 000-$280, 000-making it a truly lucrative investment opportunity. Don't miss out on the chance to own a slice of paradise in this highly sought-after location. You are a block away from multiple beach access points as well as 2 blocks from Schooners seafood restaurant. Comes fully furnished as seen in pics!

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Houses for sale in Panama City Beach

Original listing

Panama City Beach Housing & Living

Average sale prices for houses

3 bed

Show as List Show as Graph

Month	Median Price
May 2024	$636,171 (0%)
Apr 2024	$636,171 (+16.6%)
Mar 2024	$545,579 (0%)
Feb 2024	$545,579 (0%)
Jan 2024	$545,579 (-8.1%)
Dec 2023	$593,541 (-5.8%)

In May 2024, the asking price for 3 bed houses for sale in/near Panama City Beach, United States averaged $636,171, staying on the same level compared to the previous month.

Median price trends for properties for sale in Panama City Beach, United States as of May 2024.

Household Income

Median household income: $58,619

Number of households: 5,332

The average household income in Panama City Beach, FL grew from $53,251 to $58,619 in the past year. This data is an estimate based upon 5,332 households in Panama City Beach, FL.
The chart below presents how household income is distributed in Panama City Beach, FL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Panama City Beach, FL compared to median property taxes around the country. The prevalent amount of property taxes in Panama City Beach, FL equals $800-$1,500 , which is less than the national average.