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5801 Thomas Drive #325, Panama City, FL 32408
$495,000
5801 Thomas Drive #325, Panama City, FL 32408View this property at 5801 Thomas Drive #325, Panama City, FL 32408
5801 Thomas Drive #325Panama CityFL32408
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Property Description
Discover this exceptional lower level, 3-bedroom, 2-bathroom unit at the highly sought-after Regency Towers, notable for its substantial upgrades and robust rental performance. This unit features sliders to the balcony and windows that were replaced in 2019 with hurricane/impact grade materials for enhanced safety and durability. The interior welcomes you with beadboard and chair rail in the entry hall and is elegantly detailed with crown molding throughout.Significantly, this condo benefits from a dryer vented to the exterior, an upgrade made in 2022 that is uncommon in most Regency units, enhancing both safety and efficiency. The HVAC system is well-maintained, having been in place for 7 years, while the dishwasher and microwave were replaced just 3 years ago.Financially, the unit has demonstrated strong rental income, generating $49,000 in 2022 and $50,000 in 2023 through VRBO bookings. This revenue was achieved despite the owners reserving three weeks each in the spring and fall for personal use, and not actively pursuing additional bookings. The unit maintains a high desirability on VRBO, reflected in its 4.8-star rating.Milestone inspections confirm that the major structural components are in good and serviceable condition. Residents and guests of Regency Towers enjoy access to two large swimming pools, one of which is heated during the winter months, an indoor hot tub, Bikini Bob's Poolside Cafe, game room, exercise room and of course, the World's Most Beautiful Beaches!Regency Towers is strategically located near top-rated restaurants, St. Andrews State Park, and Panama City Beach's newest sports park.Set on Thomas Drive, a convenient four-lane street, this property offers both a premium lifestyle and investment opportunity.All information is believed to be correct but should be verified by the buyer. This unit represents a perfect blend of luxury, comfort, and profitability, making it a must-see on your list.
Full Property Details
Full Property Details for 5801 Thomas Dr #325
General
- Price: $495,000
- HOA FEE: $999/month
- HOA FEE FREQ.: Quarterly
- Taxes: $4,087 (2023)
- Status: Active
- Type: Condo
- MLS ID: 756914
- Updated: 5/17/2024
- Added to Site: 13 day(s) ago
Interior
- Interior Features: Breakfast Bar
- Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator
- Furnishings: Partially
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Shared Amenities: Beach Rights, Game Room, Gated
- Pool: Yes
- Pool Description: Community, Pool
- Spa Description: Community
- Tennis: Yes
- Security/Safety: Gated with Guard, Gated Community, 24 Hour Security, Security Service
Exterior
- Exterior Features: Balcony, Outdoor Shower, Pool
- Porch/Patio/Deck: Balcony
Parking
- Parking Features: Open, Paved, Parking Lot
Location
- County: Bay
- Subdivision: Regency Towers
- Driving Directions: Coming from Hathaway bridge turn left onto Thomas Dr continuing around the curve. Regency will be on the left - gulf front. After going thru the gate, go left into the parking lot.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
- Assoc. Fees Include: Association Management, Clubhouse, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Trash, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Utility Description: Sewer Connected, Water Connected
Structural Information
- Architectural Style: High Rise
- Construction: Block, Concrete, Stucco
- Roof: Flat, Membrane
- Elevator: Yes
- Square Feet: 1,456
- Sq. Ft. Source: Appraiser
- Living Area: 1,456 Sq. Ft.
- Year Built: 1975
Lot Features
- Property View: Gulf
- Lot Dimensions: 0 x 0
- Frontage: County Road, Paved
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf
- Water Front View: Gulf
Financial Considerations
- Association Fee: $2,998
- Assoc Fee Freq.: Quarterly
- Tax Amount: $4,087
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Legal Description: REGENCY TOWERS CONDO UNIT 325 PLAN E ORB 1506 P 391 ORB 2129 P 1877 3BR 2B 1456 SQ FT ORB 4299 P 1534 . BALCONY 104 SQ FT
- Property ID: 32382-034-000
Listed by Counts Real Estate Group Inc
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Schools
Schools serving 5801 Thomas Dr #325
School District:Bay District Schools
Rating | Name | Grades | Distance |
---|---|---|---|
7400 Patronis Dr, P C Beach, FL 32408 | PK-5 | 1.6 mi | |
300 Nautilus St, P C Beach, FL 32413 | 6-8 | 6.9 mi | |
550 N Alf Coleman Rd, P C Beach, FL 32407 | 9-12 | 5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5801 Thomas Dr #325
Date
Details
Price
Change
Source
5/10/2024
Listed
$495,000
111.54%
MLS
6/09/2003
Sold
$234,000
—
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 5801 Thomas Dr #325
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,087
66%
$454,750
111%
2021
$2,460
-22%
$216,027
-37%
2022
$3,155
28%
$344,250
84%
2021
$2,460
26%
$186,619
20%
2019
$1,956
-16%
$155,516
-15%
2018
$2,330
4%
$182,960
5%
2017
$2,236
-12%
$174,250
-11%
2016
$2,543
1%
$195,000
4%
2015
$2,529
10%
$187,825
10%
2014
$2,291
13%
$170,750
—
2013
$2,034
—
$170,750
—
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 5801 Thomas Dr #325
5801 Thomas Drive #325, Panama City, FL 32408 (MLS# 756914) is a Condo property with 3 bedrooms and 2 full bathrooms. 5801 Thomas Drive #325 is currently listed for $495,000 and was received on May 10, 2024. Want to learn more about 5801 Thomas Drive #325? Do you have questions about finding other Condo 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.