5237 Thomas Drive A & B, Panama City, FL 32408 (MLS# 791806)

5237 Thomas Drive A & B, Panama City, FL 32408

New Listing

$2,230,000

Property Type: Residential Bedrooms: 10 Baths: 10 Square Footage: 5,156 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $2,230,000 List Date: 6/24/2026 Last Modified: 6/24/2026

Overview

Description

This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors — and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control — a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstai … (Read more) This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach’s most desirable corridors — and it’s priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control — a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms — one featuring built-in bunk beds perfect for families — plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill — the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

Listing Details MLS# 791806

Contract Info

List Price/SqFt: 432.51

Location

Area: 03 – Bay County – Beach
Street #: 5237
Street Name: Thomas
Street Suffix: Drive
Unit #: A & B
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 32375-000-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Please take south off HWY 98 onto Thomas Drive toward the beach. On junction with South Thomas drive make a right and drive about 1 mile. House located on the right side of the road.
Legal Description: GULF LAGOON BEACH LOT 3 BLK 18 ORB 4705 P 2250

General Property Info

Sub-Type: Duplex Multi-Units
Design: Duplex
Apx SqFt(Htd/Cooled): 5156
SqFt Source: An Appraiser
Full Baths: 8
Half Baths: 2
Total Baths: 10
# of Stories in Building: 3
# of Units in Bldg: 2
Year Built: 2025
Construction Status: Construction Complete
New Construction: Yes
Garage Y/N: No
Driveway Spaces: 4
Lot Dimensions: 50.0 ft x 110.0 ft
Acreage: 0.13
Lot Size (SqFt): 5227
Pool: Yes
Pool Type: Private

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes

Remarks & Misc

Remarks: This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors — and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control — a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms — one featuring built-in bunk beds perfect for families — plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill — the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

Pool Features

Inground: Yes
Saltwater: Yes

More Information

Appliances

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes

Interior Features

Floor – Tile: Yes

Construction/Siding

Wood/Frame: Yes
Roof – Metal: Yes
Siding – Other: Yes

Exterior

Balcony: Yes
Built-in Barbecue/Grill: Yes
Deck Covered: Yes
Fenced Back Yard: Yes
Shower: Yes
Patio Covered: Yes
Porch Covered: Yes
Sprinkler System: Yes

Financing

Cash: Yes
Conventional: Yes

Furnished

Furnished: Yes

Interior

Bunk Room: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Landscaped: Yes

Lot Access

City Street: Yes

Parking Features

Driveway: Yes

Present Zoning

City: Yes
Commercial: Yes
Mixed Use: Yes

Rooms

Half Bathroom: Yes
Kitchen: Yes
Living Room: Yes
Primary Bathroom: Yes
Primary Bedroom: Yes

Utilities

Cable – Available: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Sale Type

As Is: Yes

Half Bathroom

First: Yes

Primary Bedroom

Second: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
ENERGY STAR Qualified Equipment: Yes

Heating

Central: Yes
Electric: Yes
Fireplace – Electric: Yes

Primary Bathroom

Second: Yes

Security Features

Carbon Monoxide Detector: Yes
Fire Sprinkler System: Yes

Property Features

Appliances: Dishwasher; Microwave; Refrigerator Half Bathroom: First Primary Bedroom: Second Cooling: Ceiling Fan(s); Central Air; ENERGY STAR Qualified Equipment Heating: Central; Electric; Fireplace – Electric Exterior: Balcony; Built-in Barbecue/Grill; Deck Covered; Fenced Back Yard; Shower; Patio Covered; Porch Covered; Sprinkler System Financing: Cash; Conventional Furnished: Furnished Interior: Bunk Room Kitchen: First Living Room: First Lot Features: Landscaped Lot Access: City Street Primary Bathroom: Second Pool Features: Inground; Saltwater Security Features: Carbon Monoxide Detector; Fire Sprinkler System Parking Features: Driveway Rooms: Half Bathroom; Kitchen; Living Room; Primary Bathroom; Primary Bedroom Sale Type: As Is Utilities: Cable – Available; Public Sewer – Connected; Public Water – Connected Waterview: Gulf Present Zoning: Commercial; Mixed Use

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Primary Bedroom	Second	12.6 x 13.4	12.60	13.40	Side A
Primary Bedroom	Second	12.6 x 13.4	12.60	13.40	Side B
Living Room	First	22 x 20	22.00	20.00	Side A
Living Room	First	22 x 20	22.00	20.00	Side B
Kitchen	First	18 x 20	18.00	20.00	Side A
Kitchen	First	18 x 20	18.00	20.00	Side B
Half Bathroom	First	8.5 x 3.3	8.50	3.30	Side A
Half Bathroom	First	8.5 x 3.3	8.50	3.30	Side B
Primary Bathroom	Second	16.1 x 6.1	16.10	6.10	Side A
Primary Bathroom	Second	16.1 x 6.1	16.10	6.10	Side B

Listing Office: CENTURY 21 AllPoints Realty

Last Updated: June – 24 – 2026

Information deemed reliable but not guaranteed.