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$699,000
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Property Description
Priced to Sell! Rare Corner Unit with Wrap-Around Balcony and panoramic views! Gulf-Front 3-Bedroom + Bunk Room Condo with a deeded covered parking space! This spacious corner/end-unit in the highly desired Building E offers approximately 1,975 sq ft of heated and cooled living space with an oversized wrap-around balcony. Floor-to-ceiling glass sliders open from all three gulf-front bedrooms directly onto the balcony, delivering stunning emerald-green views from every room. The dramatic living area features a full wall of glass doors overlooking the Gulf, with the dining space positioned perfectly for emerald views. The kitchen sits just behind, offering ample cabinet and countertop space--so you can cook while enjoying the beach scenery. A thoughtful split floor plan provides excellent privacy: the master suite (with gulf views and two closets) is separated from the guest bedrooms. The master also includes a flexible bonus room that currently serves as a sleeping room but can easily convert into a walk-in closet, office or bunk room! Along the second hallway, you'll find two generous guest bedrooms--one with its own private balcony and the other comfortably accommodating two queen beds and glass sliders leading to the balcony. This flexible layout sleeps 10 guests comfortably, or up to 12-14 when using the bonus room as bunk space. There is also a full bathroom along this hallway. Additional features include: A convenient walk-in laundry room near the entry Deeded covered parking space in the garage Resort amenities are excellent: a beachfront café, beach bar, two heated pools (including one large pool), tennis court, pickleball court, gated security, and direct beach access. Short-term rentals are allowed, making this an outstanding investment property or second home. Priced extremely well with plenty of room to personalize and update to your taste, this rare gulf-front corner unit offers expansive views and endless possibilities on the beautiful Emerald Coast.
Full Property Details
Full Property Details for 7205 Thomas Dr #1206
General
- Price: $699,000
- Status: Active
- Type: Condo
- Source: Bay_County
- MLS ID: 788474
- Updated: 4/16/2026
- Added to Site: 40 day(s) ago
Interior
- Number of Rooms: 4
- Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Shared Amenities: Gated
- Pool: Yes
- Pool Description: Electric Heat, Community
- Tennis: Yes
- Security/Safety: 24 Hour Security
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
Location
- County: Bay
- Subdivision: Dunes Of Panama Phase V
- Driving Directions: After crossing the Hathaway Bridge, continue a short distance and turn left directly onto Thomas Drive at the second traffic light. Then drive east/southeast on Thomas Drive until you reach 7205 (Dunes of Panama will be on your right or left depending on exact approach -- about 2-3 miles total on Thomas Dr).
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
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected
Structural Information
- Architectural Style: High Rise
- Sq. Ft. Source: Owner
- Year Built: 1985
Lot Features
- Property View: Gulf
- Lot Dimensions: 0 x 0
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf
- Water Front View: Gulf
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: DUNES OF PANAMA PHASE V UNIT E-1206 & G-66 ORB 1015 P 1886 3BR 2B 1480 H&C ORB 4500 P 929
- Property ID: 30840-816-000
Listed by Blue Bird Woliver Realty
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Price & Sales History for 7205 Thomas Dr #1206
Date
Details
Price
Change
Source
4/16/2026
Listed
$699,000
114.42%
MLS
10/10/2014
Sold
$326,000
—
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 7205 Thomas Dr #1206
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,654
—
$548,234
-12%
2024
$7,654
-11%
$619,617
-9%
2023
$8,557
70%
$677,875
60%
2021
$5,028
-32%
$422,875
-34%
2022
$7,443
48%
$636,650
61%
2021
$5,028
18%
$394,825
18%
2019
$4,263
10%
$335,629
10%
2018
$3,859
-8%
$305,117
-7%
2017
$4,180
4%
$328,492
5%
2016
$4,006
8%
$312,687
13%
2015
$3,701
2%
$277,431
4%
2014
$3,622
27%
$265,504
10%
2013
$2,859
—
$241,367
—
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 7205 Thomas Dr #1206
7205 Thomas Drive #1206, Panama City Beach, FL 32408 (MLS# 788474) is a Condo property with 3 bedrooms and 2 full bathrooms. 7205 Thomas Drive #1206 is currently listed for $699,000 and was received on April 16, 2026. Want to learn more about 7205 Thomas Drive #1206? 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.

