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$999,000
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Property Description
Gulf-View Coastal Retreat | Prime Investment + Luxury Living Welcome to your private tropical oasis--this beautifully updated and professionally designed home offers stunning Gulf views, exceptional indoor-outdoor living, and outstanding short-term rental potential in one of the most desirable areas along Thomas Drive. Thoughtfully curated with high-end finishes, lush landscaping, and inviting entertaining spaces, this property is built to impress both owners and guests alike. The open-concept living, dining, and kitchen area on the second floor is filled with natural light and flows seamlessly onto a spacious balcony--perfect for taking in Gulf views and coastal breezes. With two master suites plus two additional generously sized bedrooms, this home comfortably accommodates large groups, maximizing occupancy and rental income. The first-floor master suite features a private entrance and lock-out capability, creating the ideal setup for a separate rental unit or flexible guest quarters--an investor's dream for dual-income potential. Step outside to your own fenced backyard retreat, complete with a 7-person hot tub, designed for relaxation and memorable guest experiences that drive repeat bookings and top-tier reviews. Located just steps from the beach and minutes from dining, entertainment, and outdoor adventure--including St. Andrews State Park--this home offers the perfect balance of privacy and accessibility in a high-demand vacation market. Investment Highlights: "¢ Strong Airbnb / VRBO income potential "¢ Flexible lock-out floor plan for multiple revenue streams "¢ Gulf views + walkable beach access (premium nightly rates) "¢ Turnkey condition--ideal for immediate rental or personal use "¢ Located in a proven high-demand vacation rental corridor. Whether you're looking for a high-performing investment or a luxurious coastal escape, this property truly offers the best of both worlds. (Buyer to verify all information and dimensions deemed important.)
Full Property Details
Full Property Details for 5522 Thomas Dr
General
- Price: $999,000
- Taxes: $7,430 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 786911
- Updated: 3/17/2026
- Added to Site: 49 day(s) ago
Interior
- Number of Rooms: 4
- Appliances: Bar Fridge, Electric Cooktop, Electric Oven
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Deck, Patio, Outdoor Shower
- Porch/Patio/Deck: Deck, Patio, Balcony
Location
- County: Bay
- Subdivision: Gulf Lagoon Beach
- Driving Directions: Heading South on Thomas Drive from 98, cross the Grand Lagoon bridge by Captain Andersons. Follow Thomas Drive around to the West.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Coastal
- Sq. Ft. Source: Appraiser
- Year Built: 2019
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,663
- Lot Size: .13
- Lot Dimensions: 50 x 110
- Lot Features: Paved
- Fencing (Description): Fenced
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $7,430
- Tax Year: 2025
Disclosures and Reports
- Legal Description: GULF LAGOON BEACH LOT 3 BLK 16 ORB 4615 P 272
- Property ID: 32363-000-000
Listed by Beachy Beach Real Estate
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Schools
Schools serving 5522 Thomas Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 1.8 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 7.1 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 5.5 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 5522 Thomas Dr
Date
Details
Price
Change
Source
3/17/2026
Listed
$999,000
9.18%
MLS
9/22/2022
Sold
$915,000
—
Public Record
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
Tax History for 5522 Thomas Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,281
—
$601,148
2%
2024
$7,281
—
$589,214
2%
2023
$7,281
26%
$579,149
21%
2021
$5,788
-3%
$479,328
-6%
2022
$5,944
3%
$510,481
113%
2021
$5,788
930%
$239,145
425%
2019
$562
-1%
$45,574
—
2018
$569
-1%
$45,481
—
2017
$573
-49%
$45,481
-48%
2016
$1,124
-1%
$87,551
2%
2015
$1,131
2%
$85,681
1%
2014
$1,114
-4%
$84,480
-15%
2013
$1,156
—
$99,000
—
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
Estimate the Cost for 5522 Thomas Dr
5522 Thomas Drive, Panama City, FL 32408 (MLS# 786911) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 5522 Thomas Drive is currently listed for $999,000 and was received on March 17, 2026. Want to learn more about 5522 Thomas Drive? Do you have questions about finding other Single Family 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.

