Address

5312 Thomas Drive, Panama City Beach, FL

Listing Type

Active

Price

$ 945,000

Property Attributes

MLS#778899
TypeSingle Family
Listing Status Active
CountyBay
CityPanama City Beach
Area03 - Bay County - Beach
NeighborhoodGulf Lagoon Beach
Zip32408
Style
Year Built2006
Taxes$ 8192
Price$ 945,000
Bedrooms4
Full Bathrooms3
Half Bathrooms2
Sqr Footage2396
Lot Size0.08 Acres

Data Source:

Central Panhandle Association of REALTORS® (CPAR)

Property Description

Luxury 3-Story GULF VIEW BEACH HOME with Heated Saltwater Pool | STR | No HOA | No Flood | Turnkey | Vacation-Lifestyle Ready - PLUS a $10,000 BUYER CREDIT at Closing! HIGH-YIELD INCOME POTENTIAL + TAX BENEFITS SAVINGS for this one or both properties for Sale SIDE-BY-SIDE. Attention Investors, Beach & Pool Lovers! This 3-story Retreat is fully furnished, turnkey, and short-term rental ready with NO HOA or Flood. Just steps from the Emerald Beach, sand, local dining, attractions and Rick Seltzer Park, this property offers a rare blend of luxury living and strong rental potential. Featuring 4 bedrooms including a bonus bunk/wet bar/game room, 3 ensuite baths & 2 half baths, the home comfortably sleeps 14 guests (or up to 29 when purchased with the side-by-side ''sister'' home for sale). Guests will love the multiple balconies with Gulf Views, private heated saltwater pool, outdoor shower, 2 grills, and matching patio & dining sets -- an entertaining masterpiece. Inside, enjoy an open-concept main level with living, dining, kitchen & laundry room featuring stainless appliances, and LVP floors. The primary poolside 1st master bedroom with double vanity en-suite bath and private, large walk-in closet with a twin bunk are on the 1st floor. On the 2nd floor, you'll find 2 bedrooms. The 2nd master with double vanity en-suite bath, private balcony & sitting area and the 3rd bedroom with 2 queens, double vanity en-suite Bath + private balcony await. The 3rd floor offers the 4th, including bonus room & Gulf View balcony, bunks, queen bed, wet bar, and arcade games. With 10' ceilings, LVP & Hardwood floors, Hurricane Windows, Hardie siding, Metal Roof, and parking for 4 vehicles + golf cart, this home was designed for both comfort and durability. Steps from dining, marinas, and attractions--this is a prime investment and luxury retreat in one! An Entertaining & Vacation MASTERPIECE! $$$ INVESTORS $$$ HIGH-YIELD INCOME POTENTIAL for this one or both properties! BONUS: The sister property next door (also for sale) sleeps 15. Together, both homes host 29 guests total, each with identical layouts, pools, and furnishings. Unmatched portfolio or multi-home investor package opportunity! Schedule your showing today! GRI: Rental Revenue for 2024 & 2025 are available upon request.

Elementary School	Middle School	High School
Patronis Elementary School	Surfside Middle School	Arnold High School

Price History
10/25/2025	Listed $967,500
4/13/2026	2$949,900
5/19/2026	1$945,000

General Features

Sewer	Public Sewer
Utilities	Natural Gas Available,High Speed Internet Available
Property Subtype	Single Family Residence
Tax Year	2025
Community Features	Barbecue,Short Term Rental Allowed
County	Bay
Property Type	Residential
HOA	false
Subdivision Name	Gulf Lagoon Beach
Special Listing Conditions	Listed As-Is
Status	Active
Buyer Financing	Other
Directions	Take Thomas Drive West from the Signal Light at Alvin's Island after the Marinas for about 1/2 mile. House is on the right in Blue.
High School	Arnold
City	Panama City Beach
Zoning Description	Resid Single Family
MLS Area	03 - Bay County - Beach
Lot Size Units	Acres
Lot Size Square Feet	3485
Elementary School	Patronis
Tax Annual Amount	8192
Middle/Junior High School	Surfside
MLS Area Minor	0323 - Beach - South of Grand Lagoon
Standard Status	Active
Property Sub Type Additional	Single Family Residence
Occupancy Type	Tenant
Year Built	2006
Cooling	Central Air,Ceiling Fan(s),ENERGY STAR Qualified Equipment
Appliances	Electric Cooktop,Electric Oven,Electric Range,Electric Water Heater,Ice Maker
Patio/Porch Features	Balcony,Deck,Covered,Patio
Construction Materials	HardiPlank Type
View	Gulf
Attached Garage	false
Garage Y/N	false
Total Rooms	7
Full Baths	3
Architectural Style	Coastal
Stories Count	3
Levels	Three Or More
Pool Features	Fenced,Electric Heat,In Ground,Salt Water,Private
Security Features	Fire Sprinkler System,Fire Alarm,Smoke Detector(s)
New Construction	false
Number Of Units Total	1
Roof	Metal

Interior Features

Total Baths	5
Interior Amenities	Balcony,Double Vanity,Main Level Primary,Separate Shower,Walk-In Closet(s)
Furnished Units	All Units
Air Conditioning Y/N	true
Total Bedrooms	4
LivingAreaSource	Appraiser
Half Baths	2
Total Stories	3

Exterior Features

Lot Size Area	0.08
Lot Dimensions	33 x110
Lot Size Acres	0.08
Building Area Total	2396
Waterfront Y/N	false
Exterior Amenities	Barbecue,Covered Patio,Deck,Patio,Outdoor Shower
Fencing	Fenced,Privacy
Foundation Details	Slab
Private Pool	true