Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$684,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 2 Full Baths
  • Updated 5 hours ago
See This Home
Save This Home
See This Home
Save This Home
Rare Gulf-Front Corner Unit | Huge Wrap-Around Balconies | Perfect Renovation Opportunity | 2026 Rental income 72k YTD and projections after renovation 100k+. Renovate in the off season to capture rents for 2027 season. This is the dream property for someone who wants to put their own stamp on a true gulf-front unit. Located in the highly desirable Building E, this rare corner/end unit offers approximately 1,975 sq ft of heated living space with expansive panoramic emerald-green views. Floor-to-ceiling glass sliders open to huge wrap-around balconies from all three gulf-front bedrooms and the living room, flooding the entire unit with natural light and stunning views. The living area features a full wall of glass overlooking the Gulf, and the kitchen is positioned to enjoy the gulf views as well, allowing you to cook while watching the beach. The thoughtful split floor plan provides excellent privacy, with the master suite separated from the guest bedrooms. A flexible bonus room off the master can easily become a walk-in closet, office, or additional sleeping space. The unit comfortably sleeps 10-14 guests depending on configuration. A new outer shell has already been installed, so the expensive exterior work is complete. This unit is a true blank canvas with strong bones, incredible views, and substantial balcony space -- ready for your personal finishes. Resort amenities include beachfront bar & grill, two heated pools, tennis and pickleball courts, gated security, direct beach access, and deeded covered parking. Short-term rentals are allowed, making this an excellent candidate for a high-performing vacation rental once updated, or a spectacular second home you can fully customize.

Full Property Details for 7205 Thomas Dr #1206

General

  • Price: $684,000
  • HOA FEE: $1,646/month
  • Status: Active
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 788474
  • Updated: 8/24/2026
  • Added to Site: 6 day(s) ago

Interior

  • Number of Rooms: 4
  • Interior Features: Balcony, Main Level Primary, Tub Shower
  • 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
  • Assoc. Fees Include: Fitness Facility, Maintenance Grounds, Pool(s), Sewer, Security, Tennis Courts, Water

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, Water
  • Lot Dimensions: 0 x 0

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Gulf
  • Water Front View: Gulf

Financial Considerations

  • Association Fee: $1,646
  • Assoc Fee Freq.: Monthly

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

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 7205 Thomas Dr #1206 —

  • Blue Bird Woliver 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 7205 Thomas Dr #1206 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/25/2026
Price Reduced
$684,000
-2.15%
MLS
4/16/2026
Listed
$699,000
60.69%
MLS
10/29/2004
Sold
$435,000
—
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 7205 Thomas Dr #1206

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,535
3%
$242,468
3%
2024
$2,454
2%
$235,635
-52%
2023
$2,412
11%
$488,750
52%
2021
$2,173
—
$322,159
-10%
2022
$2,168
—
$357,000
33%
2021
$2,173
2%
$268,466
29%
2019
$2,134
1%
$207,882
2%
2018
$2,121
2%
$204,006
2%
2017
$2,087
1%
$199,810
2%
2016
$2,072
-12%
$195,700
17%
2015
$2,367
16%
$166,898
10%
2014
$2,040
13%
$151,725
—
2013
$1,812
—
$151,725
—
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 7205 Thomas Dr #1206

$
Down Payment
%
$
%

$
$
$

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Blue Bird Woliver Realty

Similar Properties near 7205 Thomas Dr #1206

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

15100 Front Beach Rd, Panama City Beach, FL 32413 - Photo 1
$685,000

15100 Front Beach Rd  #1504  Panama City Beach, FL 32413

  • Condo
  • Active
  • Updated 9 days ago
  • 3
    Beds
  • 2
    Total Baths
15928 Front Beach Rd, Panama City Beach, FL 32413 - Photo 1
$675,000

15928 Front Beach Rd  #3-402  Panama City Beach, FL 32413

  • Condo
  • Active
  • 3
    Beds
  • 2
    Total Baths
15928 Front Beach Rd, Panama City Beach, FL 32413 - Photo 1
$699,000

15928 Front Beach Rd  #1911  Panama City Beach, FL 32413

  • Condo
  • Active
  • 3
    Beds
  • 2
    Total Baths
15928 Front Beach Rd, Panama City Beach, FL 32413 - Photo 1
$700,000

15928 Front Beach Rd  #3-2111  Panama City Beach, FL 32413

  • Condo
  • Active
  • 3
    Beds
  • 2
    Total Baths

Just Listed near 7205 Thomas Dr #1206

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

200 Sundew Pl, Watersound, FL 32461 - Photo 1 Just Listed
$2,215,000

200 Sundew Pl  Watersound, FL 32461

  • Residential Lots
  • Active
  • Updated 4 days ago
  • 0.65
    Acres
120 Suwannee Dr, Watersound, FL 32461 - Photo 1 Just Listed
$759,000

120 Suwannee Dr  Watersound, FL 32461

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 3
    Total Baths
Tbd Suwannee Dr, Watersound, FL 32461 - Photo 1 Just Listed
$3,000,000

Tbd Suwannee Dr  #Lot 53  Watersound, FL 32461

  • Single Family
  • Active
  • Updated 19 hours ago
  • 5
    Beds
  • 6
    Total Baths
  • 3,918
    Sq. Ft.
Tbd Suwannee Dr, Watersound, FL 32461 - Photo 1 Just Listed
$3,325,000

Tbd Suwannee Dr  #Lot 6  Watersound, FL 32461

  • Single Family
  • Active
  • Updated 19 hours ago
  • 4
    Beds
  • 5
    Total Baths
  • 4,276
    Sq. Ft.

Price Reduced near 7205 Thomas Dr #1206

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

104 N Barrett Square, Rosemary Beach, FL 32461 - Photo 1 Price Reduced
-$10,000 (-0.42%)
$2,345,000

104 N Barrett Square  #2B  Rosemary Beach, FL 32461

  • Condo
  • Active
  • Updated 13 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,232
    Sq. Ft.
107 Wiggle Ln, Rosemary Beach, FL 32461 - Photo 1 Price Reduced
-$55,000 (-1.59%)
$3,395,000
Open House

107 Wiggle Ln  Rosemary Beach, FL 32461

  • Single Family
  • Active
  • Updated 2 days ago
  • 6
    Beds
  • 5
    Total Baths
  • 2,699
    Sq. Ft.
657 Patina Blvd, Seacrest, FL 32461 - Photo 1 Price Reduced
-$50,000 (-3.13%)
$1,548,000

657 Patina Blvd  Seacrest, FL 32461

  • Single Family
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 4
    Total Baths
  • 1,825
    Sq. Ft.
294 Maddox St, Point Washington, FL 32459 - Photo 1 Price Reduced
-$10,000 (-2.04%)
$479,000

294 Maddox St  Point Washington, FL 32459

  • Single Family
  • Active
  • Updated 5 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,879
    Sq. Ft.

Recent Sales near 7205 Thomas Dr #1206

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

6730 Beach Dr, Panama City Beach, FL 32408 - Photo 1 Sold
$675,000

6730 Beach Dr  Panama City Beach, FL 32408

  • Single Family
  • Closed
  • 3
    Beds
  • 5
    Total Baths
6627 Thomas Dr, Panama City Beach, FL 32408 - Photo 1 Sold
$685,000

6627 Thomas Dr  #1703  Panama City Beach, FL 32408

  • Condo
  • Closed
  • 2
    Beds
  • 2
    Total Baths
7822 Thomas Dr, Panama City Beach, FL 32408 - Photo 1 Sold
$680,000

7822 Thomas Dr  Panama City Beach, FL 32408

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
7537 Grand Lagoon Way, Panama City Beach, FL 32408 - Photo 1 Sold
$730,000

7537 Grand Lagoon Way  Panama City Beach, FL 32408

  • Single Family
  • Closed
  • 4
    Beds
  • 4
    Total Baths

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 $684,000 and was received on August 19, 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.

Tour this property