5231-5233 Thomas Drive, Panama City Beach, FL 32408 (MLS# 787168)

5231-5233 Thomas Drive, Panama City Beach, FL 32408

$1,823,900

Property Type: Residential Bedrooms: 8 Baths: 10 Square Footage: 4,690 Status: Active

Current Price: $1,823,900 List Date: 3/22/2026 Last Modified: 4/17/2026

Overview

Description

NO RENTAL RESTRICTIONS!!! This limited collection of vacation homes offers an exceptional opportunity to own in one of the area’s most sought-after locations — literally across the street from the sugar-white sands and shimmering Gulf waters. Each home showcases spacious, open-concept designs with 4 bedrooms, 4.5 baths, and a bunk room. Enjoy high-end finishes, stylish coastal architecture, and your own private pool — the ultimate spot for relaxing or entertaining after a day at the beach. Expansive covered porches invite you to take in stunning sunrises and sunsets in true coastal style. Close to popular restaurants (walk to Schooner’s), shops, golf courses, and water activities, this community also offers convenient access to Panama City proper and the Northwest Florida Beaches International Airport.

Listing Details MLS# 787168

Contract Info

List Price/SqFt: 388.89

Location

Area: 03 – Bay County – Beach
Street #: 5231-5233
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Gulf Lagoon Beach
Community/Resort: None
Waterfront: No
Parcel ID: 40001-803-002 & 40001-803-001
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Just north of Schooner's restaurant on Thomas Dr
Legal Description: 5233 THOMAS DRIVE, A LAND CONDOMINIUM UNIT A ORB 4954 P 1896 LAND 2750 SF & 5233 THOMAS DRIVE, A LAND CONDOMINIUM UNIT B ORB 4954 P 1896 LAND 2750 SF

General Property Info

Sub-Type: Duplex Multi-Units
Design: Duplex
Apx SqFt(Htd/Cooled): 4690
SqFt Source: Builders Plans
Full Baths: 8
Half Baths: 2
Total Baths: 10
# of Stories in Building: 3
# of Units in Bldg: 2
Year Built: 2026
Construction Status: Under Construction
New Construction: Yes
Garage Y/N: No
Lot Dimensions: 60 x 220
Pool: Yes
Pool Type: Private

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 377
HOA Frequency: Quarterly
HOA Annual Amount: 1508
New Buyer Fee: Yes
New Buyer Fee Amt: 2000
Brokerage Interest: No Interest

Remarks & Misc

Remarks: NO RENTAL RESTRICTIONS!!! This limited collection of vacation homes offers an exceptional opportunity to own in one of the area's most sought-after locations — literally across the street from the sugar-white sands and shimmering Gulf waters. Each home showcases spacious, open-concept designs with 4 bedrooms, 4.5 baths, and a bunk room. Enjoy high-end finishes, stylish coastal architecture, and your own private pool — the ultimate spot for relaxing or entertaining after a day at the beach. Expansive covered porches invite you to take in stunning sunrises and sunsets in true coastal style. Close to popular restaurants (walk to Schooner's), shops, golf courses, and water activities, this community also offers convenient access to Panama City proper and the Northwest Florida Beaches International Airport.

Covered Porch

Third: Yes

More Information

Dining Room

First: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Oven – Electric: Yes
Range – Electric: Yes

Interior Features

Floor – Vinyl Plank: Yes
Stairs: Yes

Construction/Siding

Roof – Metal: Yes

Exterior

Balcony: Yes
Deck Covered: Yes
Double Pane Windows: Yes

Association Fees Include

Ground Keeping: Yes

Financing

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Furnished

Unfurnished: Yes

Interior

Bunk Room: Yes

Living Room

First: Yes

Lot Access

City Street: Yes

Rooms

Covered Porch: Yes
Dining Room: Yes
Living Room: Yes
Master Bedroom: Yes

Utilities

Garbage: Yes

Master Bedroom

Third: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Property Features

Appliances: Dishwasher; Disposal; Microwave; Oven – Electric; Range – Electric Master Bedroom: Third Cooling: Central Air Heating: Central Exterior: Balcony; Deck Covered; Double Pane Windows Association Fees Include: Ground Keeping Financing: Cash; Conventional; FHA; VA Furnished: Unfurnished Interior: Bunk Room Living Room: First Lot Access: City Street Covered Porch: Third Dining Room: First Rooms: Covered Porch; Dining Room; Living Room; Master Bedroom Utilities: Garbage

Room Information

Room Name	Level	Dimensions	Length	Width
Dining Room	First	15.1 x 14.9	15.10	14.90
Living Room	First	18.11 x 13.5	18.11	13.50
Master Bedroom	Third	11.1 x 16.4	11.10	16.40
Covered Porch	Third	18.8 x 11.3	18.80	11.30
Dining Room	First	15.1 x 14.9	15.10	14.90
Living Room	First	18.11 x 13.5	18.11	13.50
Master Bedroom	Third	11.1 x 16.4	11.10	16.40
Covered Porch	Third	18.8 x 11.3	18.80	11.30

Listing Office: TH Coastal Realty

Last Updated: April – 17 – 2026

Information deemed reliable but not guaranteed.