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

List Price/SqFt: 395.79

Status: Active

List Date: 2026-01-23

List Price: $939,999

Current Price: $939,999

Sub Area: 0323 - Beach - South of Grand Lagoon

Community/Resort: Holiday Beach

Waterfront: No

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.

Area: 03 - Bay County - Beach

Street #: 7428

Street Name: Thomas

Street Suffix: Drive

State: FL

Zip Code: 32408

County: Bay

Subdivision: Holiday Beach Unit 16

Parcel ID: 30808-428-010

Legal Description: HOLIDAY BEACH UNIT #16 WLY 1/2 OF LOT 2 BLK 17 ORB 4706 P 443

Acreage: 0.07

Design: Beach House

Lot Size (SqFt): 2962

Apx SqFt(Htd/Cooled): 2375

Immediate Occupancy: Yes

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 3

# of Units in Bldg: 1

Pre-Const Flip: No

Lot Dimensions: 25x120

New Construction: No

Garage Y/N: No

Pool: Yes

Pool Type: Private

Sub-Type: Detached Single Family

Bedrooms: 4

Full Baths: 3

Total Baths: 4

Year Built: 2005

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: 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.

Third: 1

First: 1

Third: 1

Fenced: 1

Gunite Concrete: 1

Heated - Gas: 1

Inground: 1

Saltwater: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Tankless: 1

Breakfast Bar: 1

Ceiling - Cathedral: 1

Ceiling - Crwn Molding: 1

Fireplace: 1

Floor - Hardwood: 1

Floor - Tile: 1

Kitchen Island: 1

Lighting - Recessed: 1

Pantry: 1

Wet Bar: 1

Window - Treatment All: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Balcony: 1

Deck Covered: 1

Deck Open: 1

Double Pane Windows: 1

Fenced Back Yard: 1

Fenced Privacy: 1

Hurricane Shutters: 1

Patio Open: 1

Porch Covered: 1

Cash: 1

Conventional: 1

VA: 1

Furnished: 1

Smart Thermostat: 1

First: 1

First: 1

Near Beach Access: 1

Near Public Boat Ramp: 1

Within 1/2 Mile to Water: 1

County Road: 1

Paved Road: 1

Driveway: 1

Gravel: 1

Paver Block: 1

County: 1

Balcony: 1

Bedroom: 1

Dining Room: 1

Great Room: 1

Kitchen: 1

Living Room: 1

Primary Bathroom: 1

Primary Bedroom: 1

ShowingTime: 1

Electricity - Connected: 1

Natural Gas - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

Gulf: 1

Second: 1

First: 1

Second: 1

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Central: 1

Electric: 1

Fireplace - Gas: 1

MBath Separate Shwr: 1

MBath Tub - Jetted: 1

MBed Balcony: 1

Second: 1