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$1,950,000

  • For Sale
  • Active
  • Duplex
  • 8 Beds
  • 8 Full Baths
  • 2 Partial Baths
  • Updated 5 days ago
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NO RENTAL RESTRICTIONS!!! This limited collection of vacation homes offers an exceptional opportunity to own in one of the area's most sought-after locations -- literally across the street from the sugar-white sands and shimmering Gulf waters. This home showcases spacious, open-concept designs with 4 bedrooms, 4.5 baths, and a bunk room. Enjoy high-end finishes, stylish coastal architecture, and your own private pool with a temperature control system -- the ultimate spot for relaxing or entertaining after a day at the beach. Expansive covered porches invite you to take in stunning sunrises and sunsets in true coastal style. Close to popular restaurants (walk to Schooner's), shops, golf courses, and water activities, this community also offers convenient access to Panama City proper and the Northwest Florida Beaches International Airport.

Full Property Details for 5231-5233 Thomas Dr

General

  • Price: $1,950,000
  • HOA FEE: $63/month
  • HOA FEE FREQ.: Quarterly
  • Status: Active
  • Type: Duplex
  • Source: Bay_County
  • MLS ID: 793352
  • Updated: 7/31/2026
  • Added to Site: 10 day(s) ago

Interior

  • Number of Rooms: 8
  • Interior Features: Interior Steps
  • Appliances: Electric Oven, Electric Range

Rooms

Bathrooms

  • Total Bathrooms: 10
  • Full Bathrooms: 8
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Fenced, Electric Heat, In Ground, Salt Water, Private

Exterior

  • Exterior Features: Covered Patio
  • Porch/Patio/Deck: Balcony, Deck

Location

  • County: Bay
  • Subdivision: Gulf Lagoon Beach
  • Driving Directions: Just north of Schooner's restaurant on Thomas Dr

School Information

  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold

Community

  • Community Name: 03 - Bay County - Beach
  • Association: Yes
  • Assoc. Fees Include: Maintenance Grounds

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Structural Information

  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Roof: Metal
  • Windows: Double Pane Windows
  • Stories/Levels: 3
  • Sq. Ft. Source: Plans
  • Year Built: 2026

Lot Features

  • Lot Dimensions: 60 x 220
  • Frontage: City Street

Financial Considerations

  • Association Fee: $189
  • Assoc Fee Freq.: Quarterly

Disclosures and Reports

  • Legal Description: 5233 THOMAS DRIVE, A LAND CONDOMINIUM UNIT B ORB 4954 P 1896 LAND 2750 SF
  • Property ID: 40001-803-002

Listed by TH Coastal Realty

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Listing agents

— 5231-5233 Thomas Dr —

  • TH Coastal Realty

  • TH Coastal Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 5231-5233 Thomas Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/30/2026
Listed
$1,950,000
160%
MLS
9/01/2021
Sold
$750,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5231-5233 Thomas Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,674
-2%
$136,180
—
2023
$1,703
108%
$136,180
77%
2021
$817
-48%
$77,000
-43%
2022
$1,575
93%
$136,180
121%
2021
$817
26%
$61,710
25%
2019
$648
15%
$49,368
10%
2018
$562
-1%
$44,880
—
2017
$566
2%
$44,880
4%
2016
$554
-1%
$43,175
2%
2015
$557
—
$42,240
—
2014
$557
-4%
$42,240
-15%
2013
$578
—
$49,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5231-5233 Thomas Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by TH Coastal Realty

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5231-5233 Thomas Drive, Panama City Beach, FL 32408 (MLS# 793352) is a Duplex property with 8 bedrooms, 8 full bathrooms and 2 partial bathrooms. 5231-5233 Thomas Drive is currently listed for $1,950,000 and was received on July 30, 2026. Want to learn more about 5231-5233 Thomas Drive? Do you have questions about finding other Duplex real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

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