Thomas Dr, Panama City Beach, Home For Sale

house for sale

Listed: 06/25/24

5300 Thomas Dr, Panama City Beach, Florida, 32408

10 Bed:

8.5 Bath:

4,652 Sq Ft Living Area:

Save

Price

$ 1,99M

Show 5 more

About This House

Embark on an investment journey with this eye-catching duplex, where the allure of Panama City Beach comes to life. This property offers breathtaking water vistas from its upper level and a spacious layout with five bedrooms on each side, plus additional bunk rooms, totaling 10 rooms alongside two bunk areas. Perfect for accommodating various group sizes, it ensures a comfortable and memorable stay for all guests. Step outside to enjoy the exclusive pool, a serene oasis just moments from your living space. With rental income projections ranging from$260, 000to$280, 000,this duplex stands out as a premier investment opportunity in a coveted locale. Positioned merely a block from several beach accesses and two blocks from the famed Schooners seafood restaurant, the location is unbeatable.

Protect Yourself From Rental Scams

While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow expert tips to reduce the risk of fraud when renting a new apartment.

Houses for sale in Panama City Beach

Original listing

Panama City Beach Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
May 2024	$440,576 (-5.5%)
Apr 2024	$466,153 (0%)
Mar 2024	$466,153 (0%)
Feb 2024	$466,153 (0%)
Jan 2024	$466,153 (-6.5%)
Dec 2023	$498,709 (+24.1%)

In May 2024, the asking price for 2 bed houses for sale in/near Panama City Beach, United States averaged $440,576, a decrease of 5.5% from 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.

Panama City houses for sale

Upper Grand Lagoon houses for sale

Lower Grand Lagoon houses for sale