7205 Thomas Drive 1206, Panama City Beach, FL 32408

New Listing
$684,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,975 Status: Active
Current Price: $684,000 List Date: 8/19/2026 Last Modified: 8/19/2026

Overview

Description

Rare Gulf-Front Corner Unit | Huge Wrap-Around Balconies | Perfect Renovation Opportunity. This is the dream property for someone who wants to put their own stamp on a true gulf-front unit. Located in the highly desirable Building E, this rare corner/end unit offers approximately 1,975 sq ft of heated living space with expansive panoramic emerald-green views. Floor-to-ceiling glass sliders open to huge wrap-around balconies from all three gulf-front bedrooms and the living room, flooding the entire unit with natural light and stunning views. The living area features a full wall of glass overlooking the Gulf, and the kitchen is positioned to enjoy the gulf views as well, allowing you to cook while watching the beach. The thoughtful split floor plan provides excellent privacy, with the master suite separated from the guest bedrooms. A flexible bonus room off the master can easily become a walk-in closet, office, or additional sleeping space. The unit comfortably sleeps 10-14 gue

Listing Details MLS# 788474

Contract Info

List Price/SqFt
346.33

Location

Area
03 – Bay County – Beach
Street #
7205
Street Name
Thomas
Street Suffix
Drive
Unit #
1206
State
FL
Zip Code
32408
County
Bay
Sub Area
0323 – Beach – South of Grand Lagoon
Subdivision
Dunes Of Panama Phase V
Community/Resort
None
Waterfront
Yes
Gulf Access
Yes
Parcel ID
30840-816-000
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
Directions
After crossing the Hathaway Bridge, continue a short distance and turn left directly onto Thomas Drive at the second traffic light. Then drive east/southeast on Thomas Drive until you reach 7205 (Dunes of Panama will be on your right or left depending on exact approach — about 2-3 miles total on Thomas Dr).
Legal Description
DUNES OF PANAMA PHASE V UNIT E-1206 & G-66 ORB 1015 P 1886 3BR 2B 1480 H&C ORB 4500 P 929

General Property Info

Sub-Type
Condominium
Floor Number
12
Design
High-Rise (8+ floors)
Apx SqFt(Htd/Cooled)
1975
SqFt Source
Owner Measured
Full Baths
2
Total Baths
2
Accessory Dwelling Unit
No
Year Built
1985
Construction Status
Construction Complete
New Construction
Yes
Garage Y/N
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Lot Dimensions
0X0
Pool
Yes
Pool Type
Community

Listing Info, Tax and Legal

HOA Fee
Yes
HOA Amount
1646
HOA Frequency
Monthly
HOA Annual Amount
19752
New Buyer Fee
No
Brokerage Interest
No Interest
Condo Doc
Yes

Remarks & Misc

Remarks
Rare Gulf-Front Corner Unit | Huge Wrap-Around Balconies | Perfect Renovation Opportunity. This is the dream property for someone who wants to put their own stamp on a true gulf-front unit. Located in the highly desirable Building E, this rare corner/end unit offers approximately 1,975 sq ft of heated living space with expansive panoramic emerald-green views. Floor-to-ceiling glass sliders open to huge wrap-around balconies from all three gulf-front bedrooms and the living room, flooding the entire unit with natural light and stunning views. The living area features a full wall of glass overlooking the Gulf, and the kitchen is positioned to enjoy the gulf views as well, allowing you to cook while watching the beach. The thoughtful split floor plan provides excellent privacy, with the master suite separated from the guest bedrooms. A flexible bonus room off the master can easily become a walk-in closet, office, or additional sleeping space. The unit comfortably sleeps 10-14 guests depending on configuration. A new outer shell has already been installed, so the expensive exterior work is complete. This unit is a true blank canvas with strong bones, incredible views, and substantial balcony space — ready for your personal finishes. Resort amenities include beachfront bar & grill, two heated pools, tennis and pickleball courts, gated security, direct beach access, and deeded covered parking. Short-term rentals are allowed, making this an excellent candidate for a high-performing vacation rental once updated, or a spectacular second home you can fully customize.

Pool Features

Heated – Electric
Yes

More Information

Appliances

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

Interior Features

Floor – Tile
Yes
Split Bedroom
Yes

Exterior

Balcony
Yes

Association Fees Include

Exercise Room
Yes
Gated Community
Yes
Ground Keeping
Yes
Pool
Yes
Security
Yes
Sewer
Yes
Tennis
Yes
Water
Yes

Financing

Cash
Yes
Conventional
Yes

Furnished

Furnished
Yes

Interior

Bonus Room
Yes
Floor – Carpet
Yes

Kitchen

First
Yes

Parking Features

Deeded
Yes

Association Amenities

Beach
Yes
Exercise Room
Yes
Pool
Yes
Tennis
Yes
Waterfront
Yes
Pickle Ball
Yes

Rooms

Bedroom
Yes
Kitchen
Yes
Primary Bedroom
Yes

Utilities

TV Cable
Yes
Electricity – Connected
Yes
Public Sewer – Connected
Yes
Public Water – Connected
Yes

Waterview

Gulf
Yes

Sale Type

As Is
Yes

Waterfront Type

Gulf
Yes

Primary Bedroom

First
Yes

Bedroom

First
Yes

Cooling

Central Air
Yes

Heating

Central
Yes

Primary Bdrm/Primary Bath

MBed Balcony
Yes
MBed Waterfront
Yes

Primary Bath/Primary Bdrm

MBath Shower/Tub Combo
Yes

Security Features

24 Hour Security
Yes

Property Features

Appliances: Cooktop – Electric; Dishwasher; Microwave; Oven – Electric; Range – Electric; Water Heater – Electric Primary Bedroom: First Bedroom: First Cooling: Central Air Heating: Central Exterior: Balcony Association Fees Include: Exercise Room; Gated Community; Ground Keeping; Pool; Security; Sewer; Tennis; Water Financing: Cash; Conventional Furnished: Furnished Interior: Bonus Room; Floor – Carpet Kitchen: First Pool Features: Heated – Electric Security Features: 24 Hour Security Parking Features: Deeded Association Amenities: Beach; Exercise Room; Pickle Ball; Pool; Tennis; Waterfront Rooms: Bedroom; Kitchen; Primary Bedroom Sale Type: As Is Utilities: TV Cable; Electricity – Connected; Public Sewer – Connected; Public Water – Connected Waterfront Type: Gulf Waterview: Gulf

Room Information

Room Name Level Dimensions Length Width Remarks
Primary Bedroom First 17 x 16 17.00 16.00 Buyer to verify/measure if deemed important
Bedroom First 15 x 13 15.00 13.00 Buyer to verify/measure if deemed important
Bedroom First 14 x 13 14.00 13.00 Buyer to verify/measure if deemed important
Kitchen First 10 x 9 10.00 9.00 Buyer to verify/measure if deemed important
Listing Office: Blue Bird Woliver Realty
Last Updated: August – 19 – 2026
Information deemed reliable but not guaranteed.