7205 Thomas Drive B406, Panama City Beach, FL 32408 (MLS# 787455)

List Price/SqFt: 452.38

Status: Sold

List Date: 2026-03-23

List Price: $475,000

Current Price: $455,900

Unit #: B406

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: From the corner of Joan Avenue and Thomas Drive, go East (Left) on Thomas Drive for approximately one mile. Turn right into Dunes of Panama after you pass Rick Seltzer Public Park. Check in with Security at the entrance.

Area: 03 - Bay County - Beach

Street #: 7205

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Dunes Of Panama Phase II

Parcel ID: 30840-220-000

Legal Description: DUNES OF PANAMA PHASE 11 UNIT #B-406 2BR 2B 1190 H&C ORB 2065 PG 208 and Storage S-16

Floor Number: 4

Design: Mid-Rise (4-7 floors)

Apx SqFt(Htd/Cooled): 1050

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Builders Plans

# of Stories in Building: 5

# of Units in Bldg: 40

Lot Dimensions: 0x0

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Community

Sub-Type: Condominium

Bedrooms: 2

Full Baths: 2

Total Baths: 2

Year Built: 1980

Homestead: No

HOA Fee: Yes

HOA Amount: 1033

HOA Frequency: Monthly

HOA Annual Amount: 12396

Senior Community: No

Is Subject Leased: No

New Buyer Fee: No

Last Taxes: 4549.8

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Condo Doc: Yes

Remarks: Dunes of Panama B406 is a beautiful 2 Bedroom, 2 Bath Condo with 1,050 sq ft of space to unwind, relax and enjoy direct Gulf views! Beach front living awaits and it is ready to be utilized as a turnkey vacation rental or a second home. Currently on the UMB Vacations Rental Program and includes a set of beach chairs already paid in full for the season! The Dunes of Panama Resort has 1500 linear feet of sugar white sand, 3 gulf front pools (one heated), four pickle ball courts, one tennis court, free WI-FI, DirecTV streaming, fitness room, shuffleboard, outdoor BBQ grills, Stingray's restaurant and gift shop and the Sneaky Tiki poolside. All Milestone report repairs are completed and ALL assessments have been paid! All dimensions and information herein are deemed reliable but should be verified by buyer.

Sold Price/SqFt: 434.19

Under Contract Date: 2026-03-27

Sold Date: 2026-05-08

Sold Price: $455,900

First: 1

Heated - Electric: 1

Inground: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Floor - Tile: 1

Lock Out Closet: 1

Pantry: 1

Window - Treatment All: 1

Concrete: 1

Siding - Stucco: 1

Balcony: 1

Shore - Beach: 1

Tennis Court(s): 1

BBQ Pit/Grill: 1

Beach: 1

Community Room: 1

Conference Center: 1

Exercise Room: 1

Gated Community: 1

Ground Keeping: 1

Internet-WiFi: 1

Master Association: 1

Pest Control: 1

Picnic Area: 1

Pool: 1

Security: 1

Sewer: 1

Tennis: 1

Trash Disposal: 1

TV Cable: 1

Water: 1

Cash: 1

Conventional: 1

Furnished: 1

Floor - Carpet: 1

First: 1

City Street: 1

Parking Lot: 1

MBath Shower Only: 1

MBed Balcony: 1

MBed Walk-in Closet: 1

MBed Waterfront: 1

Basketball Court: 1

BBQ Pit/Grill: 1

Beach: 1

Community Room: 1

Conference Center: 1

Elevators: 1

Exercise Room: 1

Gated Community: 1

Picnic Area: 1

Pool: 1

Security-24 hour: 1

Tennis: 1

Waterfront: 1

Pickle Ball: 1

Shuffleboard Court: 1

Living Room: 1

Master Bathroom: 1

Electricity - Connected: 1

Garbage: 1

Internet - Broadband Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

Accessible Entrance: 1

As Is: 1

Gulf: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1