7205 Thomas Drive 1206, Panama City Beach, FL 32408 (MLS# 788474)

HOA Fee: Yes

HOA Amount: 1646

HOA Frequency: Monthly

HOA Annual Amount: 19752

New Buyer Fee: No

Brokerage Interest: No Interest

Condo Doc: Yes

List Price/SqFt: 353.92

Status: Active

List Date: 2026-04-16

List Price: $699,000

Current Price: $699,000

Unit #: 1206

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: None

Waterfront: Yes

Gulf Access: Yes

Elementary School: Patronis

Middle School: Surfside

High School: Arnold

Directions: After crossing the Hathaway Bridge, continue a short distance and turn left directly onto Thomas Drive at the second traffic light. Then drive east/southeast on Thomas Drive until you reach 7205 (Dunes of Panama will be on your right or left depending on exact approach -- about 2-3 miles total on Thomas Dr).

Area: 03 - Bay County - Beach

Street #: 7205

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Dunes Of Panama Phase V

Parcel ID: 30840-816-000

Legal Description: DUNES OF PANAMA PHASE V UNIT E-1206 & G-66 ORB 1015 P 1886 3BR 2B 1480 H&C ORB 4500 P 929

Floor Number: 12

Design: High-Rise (8+ floors)

Apx SqFt(Htd/Cooled): 1975

Construction Status: Construction Complete

SqFt Source: Owner Measured

Lot Dimensions: 0X0

New Construction: Yes

Garage Y/N: Yes

Garage Spaces: 1

Covered Spaces: 1

Pool: Yes

Pool Type: Community

Sub-Type: Condominium

Bedrooms: 3

Full Baths: 2

Total Baths: 2

Year Built: 1985

Remarks: Priced to Sell! Rare Corner Unit with Wrap-Around Balcony and panoramic views! Gulf-Front 3-Bedroom + Bunk Room Condo with a deeded covered parking space! This spacious corner/end-unit in the highly desired Building E offers approximately 1,975 sq ft of heated and cooled living space with an oversized wrap-around balcony. Floor-to-ceiling glass sliders open from all three gulf-front bedrooms directly onto the balcony, delivering stunning emerald-green views from every room. The dramatic living area features a full wall of glass doors overlooking the Gulf, with the dining space positioned perfectly for emerald views. The kitchen sits just behind, offering ample cabinet and countertop space--so you can cook while enjoying the beach scenery. A thoughtful split floor plan provides excellent privacy: the master suite (with gulf views and two closets) is separated from the guest bedrooms. The master also includes a flexible bonus room that currently serves as a sleeping room but can easily convert into a walk-in closet, office or bunk room! Along the second hallway, you'll find two generous guest bedrooms--one with its own private balcony and the other comfortably accommodating two queen beds and glass sliders leading to the balcony. This flexible layout sleeps 10 guests comfortably, or up to 12-14 when using the bonus room as bunk space. There is also a full bathroom along this hallway. Additional features include: A convenient walk-in laundry room near the entry Deeded covered parking space in the garage Resort amenities are excellent: a beachfront café, beach bar, two heated pools (including one large pool), tennis court, pickleball court, gated security, and direct beach access. Short-term rentals are allowed, making this an outstanding investment property or second home. Priced extremely well with plenty of room to personalize and update to your taste, this rare gulf-front corner unit offers expansive views and endless possibilities on the beautiful Emerald Coast.

Heated - Electric: 1

Cooktop - Electric: 1

Dishwasher: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Water Heater - Electric: 1

Floor - Tile: 1

Split Bedroom: 1

Balcony: 1

Exercise Room: 1

Gated Community: 1

Ground Keeping: 1

Pool: 1

Security: 1

Sewer: 1

Tennis: 1

Water: 1

Cash: 1

Conventional: 1

Furnished: 1

Bonus Room: 1

Floor - Carpet: 1

First: 1

Deeded: 1

MBed Balcony: 1

MBed Waterfront: 1

MBath Shower/Tub Combo: 1

Beach: 1

Exercise Room: 1

Pool: 1

Tennis: 1

Waterfront: 1

Pickle Ball: 1

Bedroom: 1

Kitchen: 1

Master Bedroom: 1

TV Cable: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

As Is: 1

Gulf: 1

First: 1

First: 1

Central Air: 1

Central: 1

24 Hour Security: 1