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$749,000 Just Listed

  • For Sale
  • Active
  • Condo / Townhouse
  • 3 Beds
  • 2 Full Baths
  • 1,974 Sq. Ft.
  • Updated 14 hours ago
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Dunes of Panama 3 bedroom condos are exceptional investment properties. 3 bedroom condos in the E building produce $75,000 - $80,000 gross annual income. Never miss a sunset from this exceptional 3-bedroom, 2-bath end-unit condo, where balcony access from every room creates a seamless connection to coastal breezes and breathtaking Gulf views. Thoughtfully updated, this residence features tile flooring, granite countertops, crown molding, king-sized bedrooms, walk-in closets, and full-size laundry, offering both comfort and refined coastal style. A garage parking space adds rare convenience and value. Dunes of Panama is a truly one-of-a-kind beachfront community, celebrated for its expansive green spaces, resort-style atmosphere, and prime location adjacent to Rick Seltzer Park. Residents enjoy an impressive suite of amenities including three pools, pickleball, tennis, shuffleboard, fitness center, and on-site snack shop. Perfect as a primary residence, second home, or high-performing rental investment, this stunning condo delivers the ultimate beachfront lifestyle. A must-see opportunity with so much to offer. Buyer to verify all information deemed important. This comes with 1 garage space.

Full Property Details for 7205 Thomas Dr #E706

General

  • Price: $749,000
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Emerald_Coast
  • MLS ID: 993187
  • Updated: 1/19/2026
  • Added to Site: Today

Interior

  • Rooms/Areas: Bedroom, Dining Room, Kitchen, Living Room, Master Bedroom
  • Interior Features: Breakfast Bar, Ceiling Crwn Molding, Floor Tile, Floor WW Carpet, Furnished - All, Split Bedroom, Washer/Dryer Hookup
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Living Room: Living Room
  • Kitchen: Kitchen
  • Dining Room: Dining Room

Additional Information

  • Shared Amenities: BBQ Pit/Grill, Community Room, Elevators, Picnic Area, Pool, Short Term Rental - Allowed, TV Cable
  • Pool: Yes

Exterior

  • Exterior Features: Balcony, BBQ Pit/Grill, Pavillion/Gazebo, Pool - In-Ground, Tennis Court

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking: Deeded, Garage, Garage Detached

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: Dunes Of Panama Ph 5 Condo
  • Driving Directions: On Thomas Dr., condo unit is gulf front. After security gate, vear left. Building E is third on right. Parking is available out front of building or on top of garage. 7th Floor unit.

School Information

  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold

Heating & Cooling

  • Heating/Cooling: AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, See Remarks, Water Heater - Elect

Utilities

  • Utility Description: Electric, Public Sewer, Public Water, TV Cable

Structural Information

  • Construction: Concrete, Foundation On Piling, Stucco
  • Stories/Levels: 0
  • Square Feet: 1,974
  • Sq. Ft. Source: Building Plan
  • Year Built: 1985

Lot Features

  • Property View: Gulf

Water Features

  • Water Front Type: Gulf, Shore - Beach, Shore - Natural, Unit Waterfront

Financial Considerations

  • Assessment Amount: $1,746
  • Assmt Payment Freq: Monthly
  • Terms: Conventional

Disclosures and Reports

  • Legal Description: DUNES OF PANAMA PHASE V UNIT E-706 & GARAGE SPACE 59 ORB 1886 P 1996A 3BR 2B 1480 H&C ORB 3778 P 1844 ORB 4449 P 533
  • Assessment: Yes
  • APN: 30840-786-000

Listed by Keller Williams Realty SRB

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— 7205 Thomas Dr #E706 —

  • Keller Williams Realty SRB

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Be ready to buy your new home!

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 #E706 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/19/2026
Listed
$749,000
-0.13%
MLS
8/18/2021
Sold
$750,000
—
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 #E706

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,693
-11%
$622,750
-8%
2023
$8,596
69%
$677,875
60%
2021
$5,072
-32%
$422,875
-34%
2022
$7,479
47%
$636,650
61%
2021
$5,072
18%
$394,825
16%
2019
$4,303
10%
$339,075
10%
2018
$3,898
-8%
$308,250
-7%
2017
$4,219
7%
$331,625
7%
2016
$3,961
7%
$309,320
11%
2015
$3,701
2%
$277,431
4%
2014
$3,622
27%
$265,504
10%
2013
$2,859
—
$241,367
—
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 #E706

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

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NMLS#: 1598647

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Listed by Keller Williams Realty SRB

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7205 Thomas Drive #E706, Panama City Beach, FL 32408 (MLS# 993187) is a Condo / Townhouse property with 3 bedrooms and 2 full bathrooms. 7205 Thomas Drive #E706 is currently listed for $749,000 and was received on January 19, 2026. Want to learn more about 7205 Thomas Drive #E706? Do you have questions about finding other Condo / Townhouse 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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