5237 Thomas Drive A & B, Panama City, FL 32408 (MLS# 791806)

List Price/SqFt: 432.51

Status: Active

List Date: 2026-06-24

List Price: $2,230,000

Current Price: $2,230,000

Unit #: A & B

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: No

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: Please take south off HWY 98 onto Thomas Drive toward the beach. On junction with South Thomas drive make a right and drive about 1 mile. House located on the right side of the road.

Area: 03 - Bay County - Beach

Street #: 5237

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: No Named Subdivision

Parcel ID: 32375-000-000

Legal Description: GULF LAGOON BEACH LOT 3 BLK 18 ORB 4705 P 2250

Acreage: 0.13

Design: Duplex

Lot Size (SqFt): 5227

Apx SqFt(Htd/Cooled): 5156

Construction Status: Construction Complete

SqFt Source: An Appraiser

Half Baths: 2

# of Stories in Building: 3

# of Units in Bldg: 2

Lot Dimensions: 50.0 ft x 110.0 ft

New Construction: Yes

Garage Y/N: No

Driveway Spaces: 4

Pool: Yes

Pool Type: Private

Sub-Type: Duplex Multi-Units

Bedrooms: 10

Full Baths: 8

Total Baths: 10

Year Built: 2025

HOA Fee: No

New Buyer Fee: No

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Remarks: This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors -- and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control -- a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms -- one featuring built-in bunk beds perfect for families -- plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill -- the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

Inground: 1

Saltwater: 1

Dishwasher: 1

Microwave: 1

Refrigerator: 1

Floor - Tile: 1

Wood/Frame: 1

Roof - Metal: 1

Siding - Other: 1

Balcony: 1

Built-in Barbecue/Grill: 1

Deck Covered: 1

Fenced Back Yard: 1

Shower: 1

Patio Covered: 1

Porch Covered: 1

Sprinkler System: 1

Cash: 1

Conventional: 1

Furnished: 1

Bunk Room: 1

First: 1

First: 1

Landscaped: 1

City Street: 1

Driveway: 1

City: 1

Commercial: 1

Mixed Use: 1

Half Bathroom: 1

Kitchen: 1

Living Room: 1

Primary Bathroom: 1

Primary Bedroom: 1

Cable - Available: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

As Is: 1

First: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

ENERGY STAR Qualified Equipment: 1

Central: 1

Electric: 1

Fireplace - Electric: 1

Second: 1

Carbon Monoxide Detector: 1

Fire Sprinkler System: 1