8730 Thomas Drive 409, Panama City, FL 32408 (MLS# 788796)

8730 Thomas Drive 409, Panama City, FL 32408

$425,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,322 Status: Active

Current Price: $425,000 List Date: 4/23/2026 Last Modified: 7/11/2026

Overview

Description

Investor Alert – Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach–legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features include private balcony, modern kitchen with washer/dryer, smart thermostat, smart TVs, fresh paint, and updated fixtures. Community amenities: pool, tennis, clubhouse, sauna, BBQ. Low HOA + unincorporated Bay County = favorable STR taxes. Seller offering 3 months of complimentary management. Largest + best decor + best situated unit in complex! Walkable to beaches, dining, and entertainment

Listing Details MLS# 788796

Contract Info

List Price/SqFt: 321.48

Location

Area: 03 – Bay County – Beach
Street #: 8730
Street Name: Thomas
Street Suffix: Drive
Unit #: 409
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Villas Of St. Thomas 4
Community/Resort: St. Thomas Square
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 30473-057-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: From Front Beach Road, head east on Thomas Drive. Turn left onto Joan Avenue, then take an immediate right into the gated entrance of St. Thomas Square. Proceed through the gate–Building 400 will be ahead. Unit 409 is located on the second floor, accessible via the left-side stairwell.
Legal Description: VILLAS OF ST THOMAS IV UNIT 409 TYPE E ORB 972 P 1550 3BR 3B 1322 H&C ORB 4687 P 1947

General Property Info

Sub-Type: Condominium
Floor Number: Yes
Design: Low-Rise (1-3 floors)
Apx SqFt(Htd/Cooled): 1322
SqFt Source: Builders Plans
Full Baths: 3
Total Baths: 3
Year Built: 1984
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: IRR
Pool: Yes
Pool Type: Community

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 2878
HOA Frequency: Quarterly
HOA Annual Amount: 11512
New Buyer Fee: No
Last Taxes: 3982
Last Tax Year: 2025
Brokerage Interest: No Interest
Condo Doc: Yes

Remarks & Misc

Remarks: Investor Alert – Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach–legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features include private balcony, modern kitchen with washer/dryer, smart thermostat, smart TVs, fresh paint, and updated fixtures. Community amenities: pool, tennis, clubhouse, sauna, BBQ. Low HOA + unincorporated Bay County = favorable STR taxes. Seller offering 3 months of complimentary management. Largest + best decor + best situated unit in complex! Walkable to beaches, dining, and entertainment

Association Fees Include

Community Room: Yes
Dock: Yes
Dumpster: Yes
Ground Keeping: Yes
Pool: Yes
Sauna/Steam Room: Yes

More Information

Furnished

Negotiable: Yes

Kitchen

First: Yes

Living Room

First: Yes

Lot Features

Waterfront: Yes

Lot Access

Private Road: Yes

Association Amenities

Community Room: Yes
Dock: Yes
Pool: Yes
Waterfront: Yes

Rooms

Balcony: Yes
Bedroom: Yes
Kitchen: Yes
Living Room: Yes
Primary Bedroom: Yes

Utilities

Electricity – Connected: Yes
Public Water – Available: Yes

Waterfront Type

Bay/Harbor: Yes

Primary Bedroom

Second: Yes

Bedroom

First: Yes
Second: Yes

Property Features

Primary Bedroom: Second Bedroom: First; Second Association Fees Include: Community Room; Dock; Dumpster; Ground Keeping; Pool; Sauna/Steam Room Furnished: Negotiable Kitchen: First Living Room: First Lot Features: Waterfront Lot Access: Private Road Association Amenities: Community Room; Dock; Pool; Waterfront Rooms: Balcony; Bedroom; Kitchen; Living Room; Primary Bedroom Utilities: Electricity – Connected; Public Water – Available Waterfront Type: Bay/Harbor

Room Information

Room Name	Level	Dimensions	Length	Width
Primary Bedroom	Second	20 x 15	20.00	15.00
Kitchen	First	20 x 15	20.00	15.00
Living Room	First	17 x 15	17.00	15.00
Bedroom	Second	12 x 12	12.00	12.00
Bedroom	First	12 x 12	12.00	12.00
Balcony

Listing Office: Engel & Voelkers 30A Beaches

Last Updated: July – 11 – 2026

Information deemed reliable but not guaranteed.