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$435,000 Just Listed
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Property Description
Welcome to your next Gulf-front investment opportunity at Regency Towers. This fully furnished 2-bedroom, 2-bath beachfront condo offers 1,144 square feet, comfortably sleeps 8, and is turnkey for short-term rentals from day one. Located on the highly desirable second floor, this unit offers one of the building's most convenient locations. Guests enjoy easy access to the beach and resort-style pool without long elevator waits--a feature that enhances the vacation experience and keeps visitors coming back. The spacious Gulf-front balcony overlooks the pool and the emerald waters beyond, where Polywood Adirondack chairs invite guests to relax with morning coffee or end the day listening to the waves. Inside, the spacious open floor plan is designed for family vacations, with generous living and dining spaces, a fully equipped kitchen, and oversized bedrooms that comfortably accommodate larger groups. Plantation-style closet doors, fresh bedding, updated accent pieces, and thoughtful touches throughout create a warm, welcoming atmosphere. In a market filled with look-alike coastal interiors, this condo embraces the timeless charm of a traditional beach vacation. Its nostalgic coastal style evokes the classic Panama City Beach getaways that generations of families remember and continue to seek out. Comfortable, inviting, and rental-ready today, it also gives the next owner the flexibility to modernize over time as part of a thoughtful value-add investment strategy. For investors, the timing couldn't be better. Continue generating rental income immediately, then complete cosmetic updates during the slower season to position the property for stronger guest appeal, higher nightly rates, and increased return on investment. Whether you're expanding your portfolio or searching for a beachfront retreat that helps offset ownership costs through short-term rentals, this Regency Towers condo offers the ideal combination of location, convenience, immediate income potential, and future upside.
Full Property Details
Full Property Details for 5801 Thomas Dr #207
General
- Price: $435,000
- Taxes: (2025)
- Status: Active
- Type: Condo
- Source: Bay_County
- MLS ID: 792294
- Updated: 7/7/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 4
- Interior Features: Main Level Primary, Tub Shower
- Appliances: Electric Oven, Electric Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Gated, Gazebo, Barbecue, Picnic Area
- Pool: Yes
- Pool Description: Community
- Spa Description: Community
- Security/Safety: Fire Sprinkler System, Security Gate, Gated Community, 24 Hour Security, Security Guard, Security Service
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Parking Features: Paved, Parking Lot
Location
- County: Bay
- Subdivision: Regency Towers
- Driving Directions: S on Joan Ave, L on Thomas Dr, 2+ miles to Regency Towers on the right.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected, High Speed Internet Available
Structural Information
- Architectural Style: High Rise
- Construction: Stucco
- Roof: Flat
- Elevator: Yes
- Sq. Ft. Source: Appraiser
- Year Built: 1982
- Other Struct. Feat.: Dumpster
Lot Features
- Property View: Gulf
- Lot Dimensions: 0 x 0
- Lot Features: Paved
- Zoning: Resid Single Family
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf, Shoreline - Sand
- Water Front View: Gulf, Shoreline - Sand
Financial Considerations
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: REGENCY TOWERS CONDO UNIT #207 PLAN B ORB 516 P 267 2BR 2B 1144 SQ FT ORB 4537 P 1998 BALCONY 104 SQ FT
- Property ID: 32382-187-000
Listed by EXP Realty LLC
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Price & Sales History for 5801 Thomas Dr #207
Date
Details
Price
Change
Source
7/07/2026
Listed
$435,000
6.23%
MLS
3/09/2022
Sold
$409,500
—
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 5801 Thomas Dr #207
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,101
—
$357,458
-13%
2024
$5,101
-2%
$411,825
—
2023
$5,189
122%
$411,825
97%
2021
$2,340
-17%
$209,525
-30%
2022
$2,811
20%
$297,500
61%
2021
$2,340
29%
$184,237
27%
2019
$1,820
-16%
$144,500
-15%
2018
$2,168
4%
$170,000
5%
2017
$2,086
-1%
$162,350
1%
2016
$2,113
—
$161,500
3%
2015
$2,113
—
$157,038
—
2014
$2,110
20%
$157,038
7%
2013
$1,752
—
$146,625
—
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 5801 Thomas Dr #207
5801 Thomas Drive #207, Panama City Beach, FL 32408 (MLS# 792294) is a Condo property with 2 bedrooms and 2 full bathrooms. 5801 Thomas Drive #207 is currently listed for $435,000 and was received on July 07, 2026. Want to learn more about 5801 Thomas Drive #207? 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.

