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$259,000
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Property Description
Rare-to-Market Ground-Floor Gulf View Condo - Fully Renovated & Steps to the Beach! Opportunities like this are exceptionally rare-units in Merrimac Resort seldom come to market, and this one is a showstopper. Enjoy sparkling Gulf water views, a low HOA, and a prime ground-floor location just steps from the sugar-white sands of Panama City Beach. This completely remodeled 1-bedroom, 1-bath retreat blends coastal charm with modern luxury. The kitchen is a chef's delight with stainless steel appliances, a custom tile backsplash, and endless granite countertops. Freshly painted and designer-furnished (all furnishings convey), this condo is truly turnkey and rental-ready. Inside, ceramic tile flooring flows throughout, two new flat-screen TVs are installed. The living area offers a sleeper sofa for guests, while the tranquil master bedroom features a plush queen bed. The bathroom boasts a brand-new vanity, adding a polished, spa-like touch. From your front door, you're only steps to Beach Access #6 and the resort-style pool. Park directly in front-no stairs, no elevators-just effortless coastal living. Located on the quiet east end of Thomas Drive, you're a half block from Schooners Beachfront Restaurant and two blocks from St. Andrews State Park. With low ownership costs, and a location that keeps guests returning year after year, this Gulf-view gem is perfect as a private escape, investment property, or both. Perfectly positioned just steps from the sugar-white sands and crystal-clear waters of Panama City Beach, Merrimac Resort offers an intimate, low-rise coastal retreat on the peaceful, sought-after eastern end of Thomas Drive. This boutique community features a sparkling resort-style pool, inviting grill and picnic areas, and a welcoming atmosphere that captures the essence of laid-back Gulf living. Here, you're within walking distance of Schooners Beachside Bar & Grill, a beloved local landmark for fresh seafood and live music at sunset. Less than a mile away, the pristine beauty of St. Andrews State Park awaits-where Grand Lagoon's calm waters meet the majestic Gulf of Mexico. Enjoy swimming, fishing, kayaking, and nature trails in a tranquil setting, far from the crowded tourist spots. At Merrimac Resort, every day feels like vacation, whether you're lounging poolside, strolling to the beach, or exploring the best of Panama City Beach's natural and culinary treasures.
Full Property Details
Full Property Details for 5301 Thomas Dr #32
General
- Price: $259,000
- Taxes: $1,605 (2024)
- Status: Active
- Type: Condo
- Source: Bay_County
- MLS ID: 777552
- Updated: 12/2/2025
- Added to Site: 157 day(s) ago
Interior
- Number of Rooms: 3
- Appliances: Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Additional Information
- Shared Amenities: Other, See Remarks, Gazebo
- Pool: Yes
- Pool Description: Fenced, Gunite, In Ground, Community
- Security/Safety: Fire Alarm, Smoke Detector(s)
Exterior
- Exterior Features: Patio
- Porch/Patio/Deck: Patio, Covered, Open, Porch
Location
- County: Bay
- Subdivision: Merrimac Resort Condo Ph 1
- Driving Directions: South on Thomas Drive from Grand Lagoon Bridge turn right at curve property located at 5301 Thomas Drive 2 blocks from light.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Multi Units, Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Low Rise
- Sq. Ft. Source: Appraiser
- Year Built: 2002
- Other Struct. Feat.: Dumpster
Lot Features
- Property View: Gulf
- Lot Dimensions: No Land
- Frontage: Highway
- Zoning: City, Resid Multi-Family
Water Features
- Water Front: Yes
- Water View: Yes
Financial Considerations
- Tax Amount: $1,605
- Tax Year: 2024
Disclosures and Reports
- Legal Description: MERRIMAC RESORT CONDO PH III-A UNIT 32 ORB 1944 P 2018 1BR 1B 590 H&C ORB 3822 P 2382 (FYI OLD ADDRESS 5302 GULF DR)
- Property ID: 32383-014-000
Listed by RealJoy Realty LLC
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Schools
Schools serving 5301 Thomas Dr #32
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 2 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.3 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5301 Thomas Dr #32
Date
Details
Price
Change
Source
10/11/2025
Price Reduced
$259,000
-3.72%
MLS
9/02/2025
Price Reduced
$269,000
-3.58%
MLS
8/13/2025
Listed
$279,000
165.71%
MLS
8/12/2016
Sold
$105,000
—
Public Record
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
Tax History for 5301 Thomas Dr #32
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,605
2%
$127,322
—
2023
$1,570
13%
$127,322
—
2022
$1,394
36%
$127,322
56%
2021
$1,022
15%
$81,872
19%
2019
$885
-30%
$68,558
-30%
2018
$1,266
9%
$97,940
10%
2017
$1,165
5%
$89,250
2%
2016
$1,107
-2%
$87,320
22%
2015
$1,131
11%
$71,741
10%
2014
$1,021
15%
$65,219
10%
2013
$886
—
$59,290
—
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
Estimate the Cost for 5301 Thomas Dr #32
5301 Thomas Drive #32, Panama City Beach, FL 32408 (MLS# 777552) is a Condo property with 1 bedroom and 1 full bathroom. 5301 Thomas Drive #32 is currently listed for $259,000 and was received on August 13, 2025. Want to learn more about 5301 Thomas Drive #32? Do you have questions about finding other Condo 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.

