7205 Thomas Drive E206, Panama City, FL 32408 (MLS# 789996)

7205 Thomas Drive E206, Panama City, FL 32408

New Listing

$839,500

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,480 Status: Active

Current Price: $839,500 List Date: 5/17/2026 Last Modified: 5/17/2026

Overview

Description

Experience Gulf-front living at Unit E206 at Dunes of Panama, a fully furnished and turnkey condo perfectly positioned on the white sands of Panama City Beach. This beautifully maintained unit offers spacious living areas, a private balcony, and strong vacation rental potential, making it ideal as a primary residence, second home, or income-producing investment. The property is being sold fully turnkey with established rental management already in place for a seamless transition for the next owner. An added bonus is the inclusion of a separate deeded garage space with the purchase — a rare and highly desirable feature in Panama City Beach. Residents and guests enjoy resort-style amenities including beachfront pools, tennis courts, fitness facilities, on-site dining, and direct beach access, all conveniently located near shopping, restaurants, and local attractions. Seller is offering 1% concessions with an acceptable offer.

Listing Details MLS# 789996

Contract Info

List Price/SqFt: 567.23

Location

Area: 03 – Bay County – Beach
Street #: 7205
Street Name: Thomas
Street Suffix: Drive
Unit #: E206
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: 30840-756-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From Panama City Beach Parkway (Back Beach Rd), head south on Richard Jackson Boulevard and turn left onto Front Beach Road. Continue east on Front Beach Road, then turn right onto Thomas Drive. Proceed approximately 1.5 miles, and the property will be located on the left at 7205 Thomas Dr, Panama City Beach, FL 32408.
Legal Description: DUNES OF PANAMA PHASE V UNIT E-206 ORB 1015 P 1886 3BR 2B 1480 H&C ORB 3798 P 58 GARAGE UNIT G-64

General Property Info

Sub-Type: Condominium
Floor Number: 2
Design: Low-Rise (1-3 floors)
Apx SqFt(Htd/Cooled): 1480
SqFt Source: Prop App Site
Full Baths: 3
Total Baths: 3
Year Built: 1985
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 1480 sq ft
Pool: Yes
Pool Type: Community

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 1249.39
HOA Frequency: Monthly
HOA Annual Amount: 14992.68
New Buyer Fee: No
Last Taxes: 6818
Last Tax Year: 2025
Brokerage Interest: No Interest
Township: Lynn Haven
Condo Doc: Yes

Remarks & Misc

Remarks: Experience Gulf-front living at Unit E206 at Dunes of Panama, a fully furnished and turnkey condo perfectly positioned on the white sands of Panama City Beach. This beautifully maintained unit offers spacious living areas, a private balcony, and strong vacation rental potential, making it ideal as a primary residence, second home, or income-producing investment. The property is being sold fully turnkey with established rental management already in place for a seamless transition for the next owner. An added bonus is the inclusion of a separate deeded garage space with the purchase — a rare and highly desirable feature in Panama City Beach. Residents and guests enjoy resort-style amenities including beachfront pools, tennis courts, fitness facilities, on-site dining, and direct beach access, all conveniently located near shopping, restaurants, and local attractions. Seller is offering 1% concessions with an acceptable offer.

Appliances

Cooktop – Electric: Yes
Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer: Yes

More Information

Interior Features

Handicap Provisions: Yes

Exterior

Balcony: Yes

Association Fees Include

BBQ Pit/Grill: Yes
Exercise Room: Yes
Ground Keeping: Yes
Pool: Yes
Recreational Faclty: Yes
Tennis: Yes

Financing

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

Furnished

Furnished: Yes

Parking Features

Assigned: Yes

Mstr Bath / Mstr Bdrm

MBed Balcony: Yes
MBed Waterfront: Yes

Association Amenities

BBQ Pit/Grill: Yes

Rooms

Bedroom: Yes
Master Bedroom: Yes

Utilities

Cable – Available: Yes
TV Cable: Yes
Electricity – Availabile: Yes
Garbage: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Accessibility Features

Adaptable For Elevator: Yes

Waterfront Type

Gulf: Yes

Master Bedroom

First: Yes

Bedroom

First: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Security Features

24 Hour Security: Yes
Security Gate: Yes
Security Guard: Yes

Property Features

Accessibility Features: Adaptable For Elevator Appliances: Cooktop – Electric; Dishwasher; Dryer; Microwave; Range – Electric; Refrigerator; Washer Master Bedroom: First Bedroom: First Cooling: Central Air Heating: Central Exterior: Balcony Association Fees Include: BBQ Pit/Grill; Exercise Room; Ground Keeping; Pool; Recreational Faclty; Tennis Financing: Cash; Conventional; FHA; VA Furnished: Furnished Security Features: 24 Hour Security; Security Gate; Security Guard Parking Features: Assigned Association Amenities: BBQ Pit/Grill Rooms: Bedroom; Master Bedroom Utilities: Cable – Available; TV Cable; Electricity – Availabile; Garbage; Public Sewer – Connected; Public Water – Connected Waterfront Type: Gulf Waterview: Gulf

Room Information

Room Name	Level	Dimensions	Length	Width
Master Bedroom	First	15 x 16	15.00	16.00
Bedroom	First	12 x 16	12.00	16.00
Bedroom	First	12 x 15	12.00	15.00

Listing Office: EXP Realty LLC

Last Updated: May – 17 – 2026

Information deemed reliable but not guaranteed.