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$425,000

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 3 Full Baths
  • 1,322 Sq. Ft.
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Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features include private balcony, modern kitchen with washer/dryer, smart thermostat, smart TVs, fresh paint, and updated fixtures. Community amenities: pool, tennis, clubhouse, sauna, BBQ. Low HOA + unincorporated Bay County = favorable STR taxes. Seller offering 3 months of complimentary management. Largest + best decor + best situated unit in complex! Walkable to beaches, dining, and entertainment

Full Property Details for 8730 Thomas Dr #UNIT 409

General

  • Price: $425,000
  • Taxes: $3,982 (2025)
  • Status: Active
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 1000290
  • Updated: 6/25/2026
  • Added to Site: 91 day(s) ago

Rental Information

  • Complex Features: Short Term Rental - Allowed, BBQ Pit/Grill, Boat Launch, Community Room, Dock, Dumpster, Fishing, Gated Community, Picnic Area, Pool, Sauna/Steam Room, Tennis, TV Cable, Waterfront

Interior

  • Number of Rooms: 6
  • Interior Features: Breakfast Bar, Ceiling Cathedral, Lighting Recessed, Owner's Closet, Pantry, Washer/Dryer Hookup
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect
  • Furnishings: Furnished - All
  • Flooring: Floor Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Pool: Yes
  • Pool Description: Pool - In-Ground, Pool Type
  • Security/Safety: Fire Alarm/Sprinkler

Exterior

  • Exterior Features: Balcony, Dock, Tennis Court

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: VILLAS OF ST THOMAS IV
  • Driving Directions: From Front Beach Road, head east on Thomas Drive. Turn left onto Joan Avenue, then take an immediate right into the gated entrance of St. Thomas Square. Proceed through the gate--Building 400 will be ahead. Unit 409 is located on the second floor, accessible via the left-side stairwell.

School Information

  • Elementary School: Breakfast Point
  • Middle School: Breakfast Point
  • High School: Arnold

Community

  • Association: Yes
  • Assoc. Fees Include: Ground Keeping, Insurance, Land Recreation, Management, Repairs/Maintenance, Sewer, Water, Trash

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central
  • Heating/Cooling: Central, Central Air

Utilities

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

Structural Information

  • Square Feet: 1,322
  • Sq. Ft. Source: Building Plan
  • Year Built: 1984

Lot Features

  • Property View: Lagoon, Gulf

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Unit Waterfront, Intracoastal Wtrwy, Lagoon

Financial Considerations

  • Assessment Amount: $2,878
  • Tax Amount: $3,982.2
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Accept Backup Offers
  • Legal Description: Villas Of St Thomas Iv Unit 409 Type E Orb 972 P 1550 3Br 3B 1322 H&C Orb 4687 P 1947
  • APN: 30473-057-000
  • Property ID: 30473-057-000

Listed by Engel & Voelkers 30A Beaches

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— 8730 Thomas Dr #UNIT 409 —

  • Engel & Voelkers 30A Beaches

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 8730 Thomas Dr #UNIT 409 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/10/2026
Listed
$425,000
6.38%
MLS
4/28/2023
Sold
$399,500
—
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 8730 Thomas Dr #UNIT 409

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,981
14%
$320,663
2%
2023
$3,484
47%
$314,500
62%
2021
$2,368
-9%
$194,119
-13%
2022
$2,616
10%
$222,700
20%
2021
$2,368
18%
$184,875
28%
2019
$2,006
13%
$144,813
10%
2018
$1,777
11%
$131,648
4%
2017
$1,595
11%
$127,075
17%
2016
$1,437
-3%
$108,800
—
2015
$1,476
-5%
$108,800
-5%
2014
$1,553
8%
$114,750
4%
2013
$1,441
—
$110,519
—
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 8730 Thomas Dr #UNIT 409

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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 Engel & Voelkers 30A Beaches

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8730 Thomas Drive #UNIT 409, Panama City Beach, FL 32408 (MLS# 1000290) is a Condo property with 3 bedrooms and 3 full bathrooms. 8730 Thomas Drive #UNIT 409 is currently listed for $425,000 and was received on April 10, 2026. Want to learn more about 8730 Thomas Drive #UNIT 409? 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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