Address
5310 Thomas Drive, Panama City Beach, FL
Price
$ 945,000
Property Attributes
  • MLS#779080
  • TypeSingle Family
  • Listing Status Active
  • CountyBay
  • CityPanama City Beach
  • Area03 - Bay County - Beach
  • NeighborhoodGulf Lagoon Beach
  • Zip32408
  • Style
  • Year Built2006
  • Taxes$ 8055
  • 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 - PLUS a $10,000 Buyer Credit at Closing! Turnkey STR | Short-Term Rentals allowed | NO HOA | NO Flood Zone | Prime Location Attention Investors, Families & Beach Lovers! Just two blocks from the sugar-white sands of Emerald Beach and Rick Seltzer Park, this 3-story coastal beauty blends luxury, comfort, and high rental potential into the perfect beachside escape. With no HOA, no Flood zone, and full turnkey furnishings, this home is a rare find designed for both lifestyle enjoyment and income generation. PROPERTY HIGHLIGHTS: • 4 Bedrooms + Bonus/Game/Bunk Room | Sleeps 15 (or 29 w/ sister home next door also for sale) • 3 Ensuite Baths + 2 Half Baths • Private Heated Saltwater Pool (with optional heating) + Tropical Outdoor Oasis • Multiple Balconies with Gulf Views • Open-Concept Main Floor with 10' Ceilings, Crown Molding & LVP Floors • Chef's Kitchen with Stainless Appliances & Seating for 10-12 • Parking for 4 Vehicles + Golf Cart Friendly • Hurricane Windows, Hardie Siding & Metal Roof for lasting durability First Floor: - Primary Poolside Master Suite w/ King Bed, Twin Bunk Nook, Double Vanity Ensuite & Direct Pool Access - Bonus Bunk/Closet Room with Mounted TV - Spacious Living Room & Dining for 8+ (extra bar seating) - Chef's Kitchen - Laundry Room | Guest Half Bath Second Floor: - 2nd Master Suite w/ King + Queen + Single Nook, Private Balcony & Ensuite - Bedroom 3: Two Queens + Ensuite Bath + Gulf View Balcony Third Floor: - Bedroom 4 & Bonus Game Room: Bunks, Twin, Queen Bed, Wet Bar, Smart TV, Arcade Games - Private Gulf View Balcony + Half Bath WHY YOU'LL LOVE IT: -Steps to Beach Access #7 - walk to sand, surf, dining & attractions. -Relax in your heated saltwater pool oasis w/ gas grill & matching patio sets. -Entertain on multiple balconies with sparkling Gulf Views. STR Rental Revenue and GRI Actuals for 2024 & 2025 are available upon request. High-yield income opportunity! SLEEPS 15 -- Purchase alone or as part of a 2-home portfolio package (sleeps 29 combined) A True Coastal Masterpiece! Whether you're seeking a personal beach retreat, a vacation rental powerhouse, or a multi-home investment portfolio, this property delivers. Relaxed, roomy, stylish, and vacation-lifestyle ready -- all just two blocks from the Emerald Coast. Luxury. Location. Lifestyle. This one has it ALL!

Elementary School Middle School High School
Patronis Elementary School Surfside Middle School Arnold High School
Price History
1/23/2026 Listed $967,500
4/13/2026 2$949,900
5/19/2026 1$945,000

General Features

Sewer Public Sewer
Utilities Electricity Available,Natural Gas Available,High Speed Internet Available
Property Subtype Single Family Residence
Tax Year 2025
Community Features 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 Head West on Thomas Drive, at curve, just past the Schooners Parking lot, 3 - tall 3 story homes, it is the one in the middle, red roof.
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 3615
Elementary School Patronis
Tax Annual Amount 8055.14
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)
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
Pool Features Fenced,Electric Heat,In Ground,Salt Water,Private
Security Features Fire Alarm,Smoke Detector(s)
New Construction false
Roof Metal

Interior Features

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

Exterior Features

Lot Size Area 0.08
Lot Dimensions 110 x 33
Lot Size Acres 0.08
Building Area Total 2396
Waterfront Y/N false
Exterior Amenities Covered Patio,Deck,Patio
Fencing Fenced,Privacy
Foundation Details Slab
Private Pool true

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 32408

Price
AVG $920K
$950K
Taxes
AVG $6,489
$8,055
Year Built
AVG 2002
2006

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