$425,000
Panama City, FL 32408
MLS# 788796
3 beds | 3 baths | 1322 sqft
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Property 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
Details
Maps
Contract Info
List Price/SqFt: 321.48
Status: Active
List Date: 2026-04-23
List Price: $425,000
Current Price: $425,000
Location
Unit #: 409
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: St. Thomas Square
Waterfront: Yes
Gulf Access: Yes
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.
Area: 03 - Bay County - Beach
Street #: 8730
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Villas Of St. Thomas 4
Parcel ID: 30473-057-000
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
Floor Number: 1
Design: Low-Rise (1-3 floors)
Apx SqFt(Htd/Cooled): 1322
Construction Status: Construction Complete
SqFt Source: Builders Plans
Lot Dimensions: IRR
New Construction: No
Garage Y/N: No
Pool: Yes
Pool Type: Community
Sub-Type: Condominium
Bedrooms: 3
Full Baths: 3
Total Baths: 3
Year Built: 1984
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: 1
Dock: 1
Dumpster: 1
Ground Keeping: 1
Pool: 1
Sauna/Steam Room: 1
Furnished
Negotiable: 1
Kitchen
First: 1
Living Room
First: 1
Lot Features
Waterfront: 1
Lot Access
Private Road: 1
Association Amenities
Community Room: 1
Dock: 1
Pool: 1
Waterfront: 1
Rooms
Balcony: 1
Bedroom: 1
Kitchen: 1
Living Room: 1
Primary Bedroom: 1
Utilities
Electricity - Connected: 1
Public Water - Available: 1
Waterfront Type
Bay/Harbor: 1
Primary Bedroom
Second: 1
Bedroom
First: 1
Second: 1
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.