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$425,000
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Property Description
Proven Gulf-front rental investment producing $48,469 in rental income last year, located at Pelican Walk on the highly desirable east end of Panama City Beach. This beautifully remodeled 1-bedroom, 2-bath beachfront condo offers unobstructed Gulf views, a spacious balcony, and the rare advantage of a convenient second-floor location for easy beach and pool access. The open living and dining area is designed to maximize the incredible Gulf views, with large glass doors leading directly to the private balcony overlooking the emerald waters and sugar-white sand beaches. The fully equipped kitchen opens seamlessly to the living space, making it ideal for entertaining or relaxing after a day on the beach. The Gulf-front primary suite features a king bed and private bath with a custom tiled shower and built-in bench. A second full bathroom provides additional convenience for guests. The unit is sold fully furnished and turnkey ready for rental, excluding only owner personal items. Future bookings can convey to the new owner if continuing with the on-site management program, offering immediate income potential. Pelican Walk amenities include two Gulf-front pools (one seasonally heated), hot tub, tennis and pickleball courts, racquetball, shuffleboard, grilling areas, owner's lounge, and direct private beach access. The resort is located near restaurants, shopping, marinas, fishing charters, and many of the attractions that make Panama City Beach a top vacation destination. Whether you are searching for a strong income-producing property or a personal beachfront retreat, this condo offers rental performance, location, and Gulf-front views in one of the most popular resorts on the east end of Panama City Beach.
Full Property Details
Full Property Details for 6905 Thomas Dr #209
General
- Price: $425,000
- Taxes: $3,662 (2025)
- Status: Under Contract
- Type: Condo
- Source: Bay_County
- MLS ID: 785272
- Updated: 3/11/2026
- Added to Site: 49 day(s) ago
Interior
- Number of Rooms: 2
- Appliances: Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Laundry: Stacked
Additional Information
- Shared Amenities: Other, See Remarks, Beach Rights, Barbecue, Picnic Area, Sauna
- Pool: Yes
- Pool Description: Gunite, Gas Heat, In Ground, Other, Community
- Spa Description: Community
- Security/Safety: Security Lights, Smoke Detector(s)
Exterior
- Exterior Features: Barbecue
- Porch/Patio/Deck: Balcony
Parking
- Parking Features: Paved, Parking Lot
Location
- County: Bay
- Subdivision: Pelican Walk
- Driving Directions: Go left on Joan Avenue onto Thomas Dr for 2 miles on right. Gulf side, just passed Hidden Dunes
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: High Rise
- Construction: Stucco
- Roof: Flat
- Elevator: Yes
- Sq. Ft. Source: Appraiser
- Year Built: 1983
Lot Features
- Property View: Gulf
- Lot Dimensions: CONDO
- Lot Features: Paved
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf, Shoreline - Sand
- Water Front View: Gulf, Shoreline - Sand
Financial Considerations
- Tax Amount: $3,662
- Tax Year: 2025
Disclosures and Reports
- Legal Description: PELICAN WALK UNIT 209 ORB 942 P 917 1BR 1.5B 835 H&C ORB 4691 P 761
- Property ID: 30585-521-000
Listed by Beach House Sales and Development
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Price & Sales History for 6905 Thomas Dr #209
Date
Details
Price
Change
Source
2/14/2026
Listed
$425,000
2.41%
MLS
5/19/2023
Sold
$415,000
—
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 6905 Thomas Dr #209
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,622
-11%
$294,654
-10%
2024
$4,057
21%
$326,886
8%
2023
$3,341
42%
$303,160
57%
2021
$2,354
-13%
$192,950
-24%
2022
$2,719
16%
$252,954
30%
2021
$2,354
28%
$195,288
33%
2019
$1,846
-16%
$146,625
-14%
2018
$2,187
10%
$170,638
10%
2017
$1,995
5%
$155,125
7%
2016
$1,895
10%
$144,500
13%
2015
$1,722
6%
$127,458
6%
2014
$1,632
24%
$120,324
10%
2013
$1,317
—
$109,385
—
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 6905 Thomas Dr #209
6905 Thomas Drive #209, Panama City, FL 32408 (MLS# 785272) is a Condo property with 1 bedroom and 2 full bathrooms. 6905 Thomas Drive #209 is currently listed for $425,000 and was received on February 14, 2026. Want to learn more about 6905 Thomas Drive #209? 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.

