7428 Thomas Drive, Panama City Beach, FL 32408 (MLS# 784109)

7428 Thomas Drive, Panama City Beach, FL 32408

$939,999

Three story home with two balconies. Gulf Views!!

Right across from Rick Seltzer Park, one of the nicest public beach accesses.

Massive 25' x 18' rooftop observation deck on third floor

3rd Floor with Bunks and living area with kitchenet.

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,375 Lot Size (sq. ft.): 2,962 Status: Active

Current Price: $939,999 List Date: 1/24/2026 Last Modified: 6/13/2026

Overview

Description

Located directly across Thomas Drive from Rick Seltzer Park, this fully furnished three-story beach home offers exceptional short-term rental appeal in one of the most desirable areas of Panama City Beach. Positioned just steps from dedicated public beach frontage with lifeguards, showers, parking, and convenient Gulf access, the property is ideally suited for vacationers seeking walkability, beach convenience, and accommodations for large groups. Gulf views are protected by the park frontage, enhancing long-term value and guest appeal. Designed with income-producing potential in mind, this 4-bedroom, 3.5-bath property features a flexible multi-level layout capable of accommodating up to 16 guests comfortably. Popular rental features include multiple custom-built bunk areas, spacious entertainment zone, private outdoor spaces, and a heated saltwater pool, amenities consistently sought after by vacation renters in the Panama City Beach market. The first floor includes custom-built … (Read more) Located directly across Thomas Drive from Rick Seltzer Park, this fully furnished three-story beach home offers exceptional short-term rental appeal in one of the most desirable areas of Panama City Beach. Positioned just steps from dedicated public beach frontage with lifeguards, showers, parking, and convenient Gulf access, the property is ideally suited for vacationers seeking walkability, beach convenience, and accommodations for large groups. Gulf views are protected by the park frontage, enhancing long-term value and guest appeal. Designed with income-producing potential in mind, this 4-bedroom, 3.5-bath property features a flexible multi-level layout capable of accommodating up to 16 guests comfortably. Popular rental features include multiple custom-built bunk areas, spacious entertainment zone, private outdoor spaces, and a heated saltwater pool, amenities consistently sought after by vacation renters in the Panama City Beach market. The first floor includes custom-built queen-over-queen bunk beds with integrated lighting and USB charging stations adjacent to a full bath. The second-floor primary suite features a king bed, private balcony with Gulf views, jacuzzi tub, walk-in closet, and ensuite bath. An additional second-floor suite includes more custom queen-over-queen bunks with its own full bath. The third-floor entertainment level offers vaulted ceilings, wet bar with sink and mini fridge, sleeper sofa, half bath, custom full-size bunk beds, and direct access to a large rooftop-style deck with Gulf views and abundant lounge space. The main living area offers 10-foot ceilings, crown molding, tile flooring, fireplace, abundant natural light, and an open-concept design ideal for gathering large groups. The kitchen features granite countertops, stainless steel appliances, wood cabinetry, breakfast bar seating, and a walk-in pantry. Outdoor amenities continue to enhance the property’s rental desirability with a private fenced backyard, heated saltwater pool, multiple balconies, and a 25-foot rooftop observation deck overlooking the Gulf. Pool equipment includes a Wi-Fi-controlled Circupool salt generator, Hayward 2500 heater, and sand filter system. Additional upgrades and features include over $50,000 in recent improvements, brand-new composite decking, new roof section beneath the decking, Navien gas tankless water heater, aluminum hurricane shutters, laundry room with washer and dryer, and parking for 4 vehicles. Previously operated as a short-term vacation rental with strong historical income potential, this turnkey property offers an excellent opportunity for investors seeking a high-capacity beach rental in a prime location near Panama City Beach attractions, dining, shopping, and entertainment.

Listing Details MLS# 784109

Contract Info

List Price/SqFt: 395.79

Location

Area: 03 – Bay County – Beach
Street #: 7428
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Holiday Beach Unit 16
Community/Resort: Holiday Beach
Waterfront: No
Parcel ID: 30808-428-010
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Home is located on Thomas Drive across the street from Rick Seltzer Park. House number is on arbor over the driveway.
Legal Description: HOLIDAY BEACH UNIT #16 WLY 1/2 OF LOT 2 BLK 17 ORB 4706 P 443

General Property Info

Sub-Type: Detached Single Family
Design: Beach House
Apx SqFt(Htd/Cooled): 2375
SqFt Source: Prop App Site
Full Baths: 3
Half Baths: Yes
Total Baths: 4
# of Stories in Building: 3
# of Units in Bldg: Yes
Year Built: 2005
Immediate Occupancy: Yes
Pre-Const Flip: No
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: 25×120
Acreage: 0.07
Lot Size (SqFt): 2962
Pool: Yes
Pool Type: Private

Listing Info, Tax and Legal

HOA Fee: No
New Buyer Fee: No
Last Taxes: 7589
Last Tax Year: 2025
Block: 17
Brokerage Interest: No Interest
Section: 8
Range: 15W

Remarks & Misc

Remarks: Located directly across Thomas Drive from Rick Seltzer Park, this fully furnished three-story beach home offers exceptional short-term rental appeal in one of the most desirable areas of Panama City Beach. Positioned just steps from dedicated public beach frontage with lifeguards, showers, parking, and convenient Gulf access, the property is ideally suited for vacationers seeking walkability, beach convenience, and accommodations for large groups. Gulf views are protected by the park frontage, enhancing long-term value and guest appeal. Designed with income-producing potential in mind, this 4-bedroom, 3.5-bath property features a flexible multi-level layout capable of accommodating up to 16 guests comfortably. Popular rental features include multiple custom-built bunk areas, spacious entertainment zone, private outdoor spaces, and a heated saltwater pool, amenities consistently sought after by vacation renters in the Panama City Beach market. The first floor includes custom-built queen-over-queen bunk beds with integrated lighting and USB charging stations adjacent to a full bath. The second-floor primary suite features a king bed, private balcony with Gulf views, jacuzzi tub, walk-in closet, and ensuite bath. An additional second-floor suite includes more custom queen-over-queen bunks with its own full bath. The third-floor entertainment level offers vaulted ceilings, wet bar with sink and mini fridge, sleeper sofa, half bath, custom full-size bunk beds, and direct access to a large rooftop-style deck with Gulf views and abundant lounge space. The main living area offers 10-foot ceilings, crown molding, tile flooring, fireplace, abundant natural light, and an open-concept design ideal for gathering large groups. The kitchen features granite countertops, stainless steel appliances, wood cabinetry, breakfast bar seating, and a walk-in pantry. Outdoor amenities continue to enhance the property's rental desirability with a private fenced backyard, heated saltwater pool, multiple balconies, and a 25-foot rooftop observation deck overlooking the Gulf. Pool equipment includes a Wi-Fi-controlled Circupool salt generator, Hayward 2500 heater, and sand filter system. Additional upgrades and features include over $50,000 in recent improvements, brand-new composite decking, new roof section beneath the decking, Navien gas tankless water heater, aluminum hurricane shutters, laundry room with washer and dryer, and parking for 4 vehicles. Previously operated as a short-term vacation rental with strong historical income potential, this turnkey property offers an excellent opportunity for investors seeking a high-capacity beach rental in a prime location near Panama City Beach attractions, dining, shopping, and entertainment.

Balcony

Third: Yes

More Information

Dining Room

First: Yes

Great Room

Third: Yes

Pool Features

Fenced: Yes
Gunite Concrete: Yes
Heated – Gas: Yes
Inground: Yes
Saltwater: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Oven – Electric: Yes
Range – Electric: Yes
Refrigerator: Yes
Washer: Yes
Water Heater – Tankless: Yes

Interior Features

Breakfast Bar: Yes
Ceiling – Cathedral: Yes
Ceiling – Crwn Molding: Yes
Fireplace: Yes
Floor – Hardwood: Yes
Floor – Tile: Yes
Kitchen Island: Yes
Lighting – Recessed: Yes
Pantry: Yes
Wet Bar: Yes
Window – Treatment All: Yes

Construction/Siding

Roof – Metal: Yes
Siding – Hardie Board: Yes

Exterior

Balcony: Yes
Deck Covered: Yes
Deck Open: Yes
Double Pane Windows: Yes
Fenced Back Yard: Yes
Fenced Privacy: Yes
Hurricane Shutters: Yes
Patio Open: Yes
Porch Covered: Yes

Financing

Cash: Yes
Conventional: Yes
VA: Yes

Furnished

Furnished: Yes

Interior

Smart Thermostat: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Near Beach Access: Yes
Near Public Boat Ramp: Yes
Within 1/2 Mile to Water: Yes

Lot Access

County Road: Yes
Paved Road: Yes

Parking Features

Driveway: Yes
Gravel: Yes
Paver Block: Yes

Present Zoning

County: Yes

Rooms

Balcony: Yes
Bedroom: Yes
Dining Room: Yes
Great Room: Yes
Kitchen: Yes
Living Room: Yes
Primary Bathroom: Yes
Primary Bedroom: Yes

Showing

ShowingTime: Yes

Utilities

Electricity – Connected: Yes
Natural Gas – Connected: Yes
Public Sewer – Connected: Yes
Public Water – Connected: Yes

Waterview

Gulf: Yes

Primary Bedroom

Second: Yes

Bedroom

First: Yes
Second: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes
Fireplace – Gas: Yes

Primary Bdrm/Primary Bath

MBath Separate Shwr: Yes
MBath Tub – Jetted: Yes
MBed Balcony: Yes

Primary Bathroom

Second: Yes

Property Features

Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven – Electric; Range – Electric; Refrigerator; Washer; Water Heater – Tankless Primary Bedroom: Second Bedroom: First; Second Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric; Fireplace – Gas Exterior: Balcony; Deck Covered; Deck Open; Double Pane Windows; Fenced Back Yard; Fenced Privacy; Hurricane Shutters; Patio Open; Porch Covered Financing: Cash; Conventional; VA Furnished: Furnished Interior: Smart Thermostat Kitchen: First Living Room: First Lot Features: Near Beach Access; Near Public Boat Ramp; Within 1/2 Mile to Water Lot Access: County Road; Paved Road Balcony: Third Primary Bathroom: Second Dining Room: First Great Room: Third Pool Features: Fenced; Gunite Concrete; Heated – Gas; Inground; Saltwater Parking Features: Driveway; Gravel; Paver Block Rooms: Balcony; Bedroom; Dining Room; Great Room; Kitchen; Living Room; Primary Bathroom; Primary Bedroom Showing: ShowingTime Utilities: Electricity – Connected; Natural Gas – Connected; Public Sewer – Connected; Public Water – Connected Waterview: Gulf Present Zoning: County

Room Information

Room Name	Level	Dimensions	Length	Width
Living Room	First	18 x 13	18.00	13.00
Kitchen	First	13 x 11	13.00	11.00
Dining Room	First	13 x 7	13.00	7.00
Bedroom	First	12 x 11	12.00	11.00
Master Bedroom	Second	16 x 14	16.00	14.00
Master Bathroom	Second	14 x 9	14.00	9.00
Bedroom	Second	17 x 12	17.00	12.00
Great Room	Third	25 x 18	25.00	18.00
Balcony	Third	23 x 18	23.00	18.00

Listing Office: Coastal Choice Realty LLC

Last Updated: June – 13 – 2026

Information deemed reliable but not guaranteed.