5300 Thomas Drive, Panama City Beach, FL 32408

$1,610,000
Property Type: Residential Bedrooms: 10 Baths: 10 Square Footage: 4,652 Status: Sold
Current Price: $1,610,000 List Date: 6/21/2024 Last Modified: 10/17/2024

Overview

Description

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 $260,000 to $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. The interior boasts tasteful designs and high-end finishes curated by a local interior designer, featuring durable LVP flooring, sleek stainless steel appliances, a washer/dryer set, elegant quartz co

Listing Details MLS# 755937

Contract Info

List Price/SqFt
384.78

Location

Area
03 – Bay County – Beach
Street #
5300
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
32376-020-000
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
Directions
If coming from the Halfway bridge turn onto Thomas Drive and all the way until it almost runs into the water and keep following it to the right at the light. It will be on the right hand side right after Irwin street.
Legal Description
GULF LAGOON BEACH LOT 4 & PART OF LOT 5 BLK 18 (6.02) ORB 4496 P 994

General Property Info

Sub-Type
Duplex Multi-Units
Floor Number
3
Design
Duplex
Apx SqFt(Htd/Cooled)
4652
SqFt Source
Builders Plans
Full Baths
8
Half Baths
2
Total Baths
10
# of Stories in Building
3
Year Built
2024
Immediate Occupancy
Yes
Construction Status
Construction Complete
New Construction
Yes
Garage Y/N
No
Driveway Spaces
4
Lot Dimensions
74X110

Status Change Info

Under Contract Date
2024-08-09
Sold Date
2024-10-16
Sold Price/SqFt
346.09

Listing Info, Tax and Legal

HOA Fee
No
New Buyer Fee
No
Last Taxes
2520
Last Tax Year
2023
Brokerage Interest
Familial Interest – Listing Broker/Licensee related to owner.
As Is
Yes

Remarks & Misc

Remarks
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 $260,000 to $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. The interior boasts tasteful designs and high-end finishes curated by a local interior designer, featuring durable LVP flooring, sleek stainless steel appliances, a washer/dryer set, elegant quartz countertops, smooth soft-close cabinetry, stylish tile showers, and more. Offered fully furnished as depicted, this duplex is on a rental program and already earning income!

More Information

Bunk Room

Second
Yes

Appliances

Cooktop – Electric
Yes
Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Oven – Electric
Yes
Range – Electric
Yes
Refrigerator
Yes
Water Heater – Electric
Yes

Interior Features

Floor – Vinyl Plank
Yes
Kitchen Island
Yes
Newly Painted
Yes

Construction/Siding

Foundation – Slab on Grade
Yes
Roof – Metal
Yes
Siding – Hardie Board
Yes
Trim – Hardie Board
Yes

Exterior

Balcony
Yes
Fenced Back Yard
Yes
Patio Covered
Yes
Pool
Yes
Porch Covered
Yes
Sprinkler System
Yes
Storm Windows
Yes

Financing

Cash
Yes
Conventional
Yes

Furnished

Furnished
Yes

Interior

Bunk Room
Yes

Lot Access

City Street
Yes

Parking Features

Driveway
Yes

Present Zoning

Commercial
Yes

Rooms

Bedroom
Yes
Bunk Room
Yes
Master Bedroom
Yes

Utilities

Public Sewer – Connected
Yes
Water Connected
Yes

Waterview

Gulf
Yes

Sale Type

As Is
Yes

Master Bedroom

Second
Yes

Bedroom

Second
Yes
Third
Yes

Cooling

Central Air
Yes

Heating

Central
Yes
Electric
Yes

Security Features

Fire Sprinkler System
Yes
Smoke Detector(s)
Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Disposal; Microwave; Oven – Electric; Range – Electric; Refrigerator; Water Heater – Electric Master Bedroom: Second Bedroom: Second; Third Cooling: Central Air Heating: Central; Electric Exterior: Balcony; Fenced Back Yard; Patio Covered; Pool; Porch Covered; Sprinkler System; Storm Windows Financing: Cash; Conventional Furnished: Furnished Interior: Bunk Room Lot Access: City Street Bunk Room: Second Security Features: Fire Sprinkler System; Smoke Detector(s) Parking Features: Driveway Rooms: Bedroom; Bunk Room; Master Bedroom Sale Type: As Is Utilities: Public Sewer – Connected; Water Connected Waterview: Gulf Present Zoning: Commercial

Room Information

Room Name Level Dimensions Length Width
Master Bedroom Second 12.1 x 13.9 12.10 13.90
Bedroom Second 14.3 x 9.2 14.30 9.20
Bunk Room Second 7 x 9 7.00 9.00
Bedroom Third 15.5 x 12.5 15.50 12.50
Bedroom Third 10.2 x 10.7 10.20 10.70
Bedroom Third 10.2 x 10.7 10.20 10.70
Master Bedroom Second 12.1 x 13.9 12.10 13.90
Bedroom Second 14.3 x 9.2 14.30 9.20
Bunk Room Second 7 x 9 7.00 9.00
Bedroom Third 15.5 x 12.5 15.50 12.50
Bedroom Third 10.2 x 10.7 10.20 10.70
Bedroom Third 10.2 x 10.7 10.20 10.70
Listing Office: Scenic Sotheby's International Realty
Last Updated: October – 17 – 2024
Information deemed reliable but not guaranteed.