$550,000
Panama City Beach, FL 32408
MLS# 787521
Status: Under Contract - Taking Backups
4 beds | 4 baths | 2367 sqft
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Property Description
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Turnkey short-term rental just steps from the beach! This fully furnished 4-bedroom, 4-bath beach home is ideally positioned near Beach Access 12, offering strong rental potential in one of Panama City Beach's most sought-after locations. With multiple levels, spacious layouts, and sleeping capacity for larger groups, this property is designed to maximize occupancy and guest appeal. A standout feature is the first-floor studio suite with its own living area, kitchenette, and full bath--perfect for added rental flexibility, lockout capability, or hosting multiple groups. The main living area features an open-concept design with granite countertops, stainless appliances, and generous gathering space, along with covered decks on multiple levels to enhance the guest experience. The oversized primary suite includes a jetted tub, double vanities, and a separate shower, while additional bedrooms and baths provide ample accommodations for high guest turnover. A rare two-car garage adds extra value for owners and guests alike. Located in the Panama Dunes area with short-term rentals allowed, this property is minutes from restaurants, shopping, and St. Andrews State Park--ensuring consistent year-round demand. Low-maintenance construction, a community pool, and proximity to the beach make this a strong addition to any portfolio. High occupancy potential, flexible layout, and prime location--makes this a great income-producing beach investment.
Details
Maps
Contract Info
List Price/SqFt: 232.36
Status: Under Contract - Taking Backups
List Date: 2026-03-27
List Price: $550,000
Current Price: $550,000
Location
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From Hathaway Bridge go Left on Thomas Drive, Follow Thomas Drive to curve and take Right at Light on Thomas Drive, Property on right.
Area: 03 - Bay County - Beach
Street #: 6216
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Panama Dunes
Parcel ID: 30880-070-000
Legal Description: CRESCENT BEACH UNIT #1 (1.06) COM S MOST COR LOT 10 TH NW 37.92' NELY 38.99' FOR POB TH NWLY 45.60' NELY 23.60' SELY 45.60' SWLY 23.60' TO POB BLK 15 ORB 4724 P 190
General Property Info
Acreage: 0.03
Design: Beach House
Lot Size (SqFt): 1307
Apx SqFt(Htd/Cooled): 2367
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Source: Prop App Site
# of Stories in Building: 3
Lot Dimensions: 26x46
New Construction: No
Garage Y/N: Yes
Garage Spaces: 2
Pool: Yes
Pool Type: Community
Sub-Type: Detached Single Family
Bedrooms: 4
Full Baths: 4
Total Baths: 4
Year Built: 2006
Listing Info, Tax and Legal
HOA Fee: Yes
HOA Amount: 1175
HOA Frequency: Quarterly
HOA Annual Amount: 4700
New Buyer Fee: No
Last Taxes: 5914
Last Tax Year: 2025
Brokerage Interest: No Interest
Remarks & Misc
Remarks: CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS
Turnkey short-term rental just steps from the beach! This fully furnished 4-bedroom, 4-bath beach home is ideally positioned near Beach Access 12, offering strong rental potential in one of Panama City Beach's most sought-after locations. With multiple levels, spacious layouts, and sleeping capacity for larger groups, this property is designed to maximize occupancy and guest appeal.
A standout feature is the first-floor studio suite with its own living area, kitchenette, and full bath--perfect for added rental flexibility, lockout capability, or hosting multiple groups. The main living area features an open-concept design with granite countertops, stainless appliances, and generous gathering space, along with covered decks on multiple levels to enhance the guest experience.
The oversized primary suite includes a jetted tub, double vanities, and a separate shower, while additional bedrooms and baths provide ample accommodations for high guest turnover. A rare two-car garage adds extra value for owners and guests alike.
Located in the Panama Dunes area with short-term rentals allowed, this property is minutes from restaurants, shopping, and St. Andrews State Park--ensuring consistent year-round demand. Low-maintenance construction, a community pool, and proximity to the beach make this a strong addition to any portfolio.
High occupancy potential, flexible layout, and prime location--makes this a great income-producing beach investment.
Master Bathroom
Third: 1
Pool Features
Inground: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Oven - Electric: 1
Refrigerator: 1
Washer: 1
Water Heater - Electric: 1
Interior Features
Ceiling - Coffered: 1
Ceiling - Crwn Molding: 1
Ceiling - Raised: 1
Floor - Hardwood: 1
Floor - Tile: 1
Lighting - Recessed: 1
Lock Out Unit: 1
Construction/Siding
Roof - Metal: 1
Siding - Hardie Board: 1
Exterior
Balcony: 1
Patio Covered: 1
Association Fees Include
Accounting: 1
Ground Keeping: 1
Legal: 1
Pool: 1
Financing
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Furnished
Furnished: 1
Kitchen
Second: 1
Living Room
Second: 1
Lot Features
Within 1/2 Mile to Water: 1
Parking Features
Assigned: 1
Garage Attached: 1
Mstr Bath / Mstr Bdrm
MBath Double Vanity: 1
MBath Separate Shwr: 1
MBath Whirlpool: 1
MBed Balcony: 1
Present Zoning
Resid Single Family: 1
Association Amenities
Pool: 1
Rooms
Kitchen: 1
Living Room: 1
Master Bathroom: 1
Master Bedroom: 1
Utilities
Electricity - Connected: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Sale Type
As Is: 1
Master Bedroom
Third: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heating
Central: 1
Status Change Info
Under Contract Date: 2026-05-08
Property Features
Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven - Electric; Refrigerator; Washer; Water Heater - Electric
Master Bedroom: Third
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central
Exterior: Balcony; Patio Covered
Association Fees Include: Accounting; Legal; Ground Keeping; Pool
Financing: Cash; Conventional; FHA; VA
Furnished: Furnished
Kitchen: Second
Living Room: Second
Lot Features: Within 1/2 Mile to Water
Master Bathroom: Third
Pool Features: Inground
Parking Features: Assigned; Garage Attached
Association Amenities: Pool
Rooms: Kitchen; Living Room; Master Bathroom; Master Bedroom
Sale Type: As Is
Utilities: Electricity - Connected; Public Sewer - Connected; Public Water - Connected
Present Zoning: Resid Single Family
Room Information
| Room Name | Level | Dimensions | Length | Width |
| Master Bedroom | Third | 18 x 14 | 18.00 | 14.00 |
| Living Room | Second | 22 x 14 | 22.00 | 14.00 |
| Kitchen | Second | 11 x 10 | 11.00 | 10.00 |
| Master Bathroom | Third | 14 x 9 | 14.00 | 9.00 |
Listing Office: EXP Realty LLC
Last Updated: May - 09 - 2026
Information deemed reliable but not guaranteed.
