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$1,349,900

  • For Sale
  • Active
  • Condo / Townhouse
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • Updated 8 days ago
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Live the Panama City Beach lifestyle you've been dreaming of--just steps from the Gulf of America! Originally built as the developer's personal residence, this distinctive coastal home is ideally positioned on a desirable corner lot and offers 4 bedrooms and 3.5 bathrooms, including two spacious master suites with plenty of room and privacy for family and guests. Expansive wraparound balconies finished with beautiful brick pavers create an inviting extension of the living space--perfect for entertaining, relaxing in the coastal breeze, or taking in the Gulf views. A large inground pool provides your own private retreat for sunny Florida days and gatherings with family and friends. Located in a golf cart-friendly community near marinas, St. Andrews State Park, popular restaurants, shopping, and the beach, the location puts the best of Panama City Beach within easy reach. Short-term rentals are allowed, adding excellent flexibility for buyers seeking a primary residence, second home, or investment property. Rental projections indicate potential gross rental income upwards of $130,000 annually, subject to rental management, occupancy, rates, and market conditions. With its prime location, generous outdoor living spaces, private pool, Gulf views, and strong rental potential, this property offers an exciting opportunity to own a piece of the Panama City Beach lifestyle.

Full Property Details for 5509 Thomas Dr

General

  • Price: $1,349,900
  • Taxes: $10,128 (2025)
  • Status: Active
  • Type: Condo /Townhouse
  • Source: Bay_County
  • MLS ID: 796073
  • Updated: 9/30/2026
  • Added to Site: 9 day(s) ago

Interior

  • Number of Rooms: 4
  • Interior Features: Double Vanity, Main Level Primary, Separate Shower, Walk-In Closet(s)
  • Appliances: Electric Cooktop, Electric Oven, Electric Water Heater
  • Flooring: Plank, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Fenced, In Ground, Private

Exterior

  • Exterior Features: Patio, Outdoor Shower
  • Porch/Patio/Deck: Balcony, Covered, Patio, Porch

Location

  • County: Bay
  • Subdivision: Beachside
  • Driving Directions: East on Thomas Dr toward the east end of PCB. Property located at 5509 Thomas Dr near Beach Access #8 & #9, just west of Schooners.

School Information

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

Community

  • Community Name: 03 - Bay County - Beach

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer

Structural Information

  • Architectural Style: Coastal
  • Construction: HardiPlank Type
  • Roof: Metal
  • Stories/Levels: 2
  • Sq. Ft. Source: Plans
  • Year Built: 2020

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,663
  • Lot Size: .13
  • Lot Dimensions: 50.0 ft x 115.0 ft
  • Frontage: City Street
  • Zoning: Resid Single Family

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $10,128.2
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: GULF LAGOON BEACH LOT 13 BLK 7 ORB 4339 P 2200
  • Property ID: 32296-020-000

Listed by Emerald Coast Realty Group

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Listing agent

— 5509 Thomas Dr —

  • Emerald Coast Realty Group

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

Schools serving 5509 Thomas Dr

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-51.8 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-87.2 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-125.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5509 Thomas Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/30/2026
Listed
$1,349,900
102.99%
MLS
12/17/2020
Sold
$665,000
—
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 5509 Thomas Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,577
—
$753,266
-16%
2024
$9,577
-7%
$895,952
-17%
2023
$10,342
51%
$1,081,891
91%
2021
$6,841
4%
$567,070
—
2022
$6,586
-4%
$565,940
366%
2021
$6,841
607%
$121,470
134%
2019
$968
64%
$51,854
10%
2018
$590
—
$47,140
—
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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NMLS#: 1598647

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Listed by Emerald Coast Realty Group

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5509 Thomas Drive, Panama City, FL 32408 (MLS# 796073) is a Condo / Townhouse property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 5509 Thomas Drive is currently listed for $1,349,900 and was received on September 30, 2026. Want to learn more about 5509 Thomas Drive? Do you have questions about finding other Condo / Townhouse real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

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