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$489,000

  • For Sale
  • Under Contract
  • Condo
  • 2 Beds
  • 2 Full Baths
  • Updated 6 days ago
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'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Dunes of Panama D805 is a renovated 2 Bedroom, 2 Bath Condo with 1,050 sq ft of space to unwind, relax and enjoy direct Gulf views from the living room, dining room, kitchen, master bedroom and a balcony that runs the width of the condo! Tiled floors throughout and a beautifully tiled master shower! Beach front living awaits and it is ready to be utilized as a turnkey vacation rental or a second home. Currently on the UMB Vacations Rental Program and includes a set of beach chairs already paid in full for the season! Gross rental income: 2024 $55,167 / 2025 $46,991. The Dunes of Panama Resort has 1500 linear feet of sugar white sand, 3 gulf front pools (one heated), four pickle ball courts, one tennis court, free WI-FI, fitness room, shuffleboard, outdoor BBQ grills, Stingray's restaurant and gift shop and the Sneaky Tiki poolside. All Milestone report repairs are completed and ALL assessments have been paid! All dimensions and information herein are deemed reliable but should be verified by buyer.

Full Property Details for 7205 Thomas Dr #D805

General

  • Price: $489,000
  • Taxes: $3,948 (2025)
  • Status: Under Contract
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 787391
  • Updated: 3/30/2026
  • Added to Site: 11 day(s) ago

Interior

  • Number of Rooms: 4
  • Appliances: Electric Range, Electric Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Gated, Barbecue, Picnic Area
  • Pool: Yes
  • Pool Description: In Ground, Community
  • Tennis: Yes
  • Security/Safety: Firewall(s), Security Gate, Gated with Guard, Gated Community, 24 Hour Security, Security Guard, Fire Alarm, Smoke Detector(s), Security Service

Exterior

  • Porch/Patio/Deck: Balcony

Parking

  • Parking Features: Additional Parking, Parking Lot

Location

  • County: Bay
  • Subdivision: Dunes Of Panama Phase IV
  • Driving Directions: From the corner of Joan Avenue and Thomas Drive, go East (Left) on Thomas Drive for approximately one mile. Turn right into Dunes of Panama after you pass Rick Seltzer Public Park. Check in with Security at the entrance.

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: Electricity Available, High Speed Internet Available

Structural Information

  • Architectural Style: High Rise
  • Construction: Concrete, Stucco
  • Elevator: Yes
  • Stories/Levels: 12
  • Sq. Ft. Source: Plans
  • Year Built: 1982
  • Other Struct. Feat.: Dumpster

Lot Features

  • Property View: Gulf
  • Lot Dimensions: 0 x 0
  • Frontage: City Street

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Gulf, Shoreline - Sand
  • Water Front View: Gulf, Shoreline - Sand

Financial Considerations

  • Tax Amount: $3,948.92
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: DUNES OF PANAMA PHASE IV CONDO UNIT D-805 ORB 889 P 221 ORB 3766 P 836 2BR 1.5B 900 H&C
  • Property ID: 30840-602-000

Listed by Bright Realty Solutions

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— 7205 Thomas Dr #D805 —

  • Bright Realty Solutions

  • Bright Realty Solutions

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 7205 Thomas Dr #D805 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/25/2026
Listed
$489,000
112.61%
MLS
1/08/2016
Sold
$230,000
—
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 #D805

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,944
—
$331,339
-33%
2024
$4,944
15%
$493,000
24%
2023
$4,311
34%
$397,800
40%
2021
$3,217
-14%
$284,750
-23%
2022
$3,721
16%
$370,685
59%
2021
$3,217
24%
$233,750
15%
2019
$2,599
10%
$203,363
10%
2018
$2,354
-1%
$184,875
—
2017
$2,370
2%
$184,875
4%
2016
$2,330
3%
$178,360
6%
2015
$2,265
5%
$168,560
5%
2014
$2,155
13%
$160,438
9%
2013
$1,899
—
$147,263
—
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.

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7205 Thomas Drive #D805, Panama City Beach, FL 32408 (MLS# 787391) is a Condo property with 2 bedrooms and 2 full bathrooms. 7205 Thomas Drive #D805 is currently listed for $489,000 and was received on March 25, 2026. Want to learn more about 7205 Thomas Drive #D805? 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.

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