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$470,000
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Property Description
Welcome to Dunes of Panama B505, a beautifully remodeled and updated top-floor Gulf-front condo in the highly desirable low-density ''B'' building with only 40 total units. This stunning 2 bedroom, 2 bath residence includes a deeded parking space and an indoor climate-controlled storage unit, offering exceptional convenience and value. Enjoy breathtaking Gulf views from the living room, dining area, kitchen, and master suite, with panoramic vistas that truly do not get any better. The interior features a remodeled kitchen, beautifully tiled bathroom showers, and wood grain luxury vinyl plank flooring throughout, creating a clean, coastal, and move-in-ready feel. Offered fully furnished, this condo is ideal as a second home or rental investment property that is sure to please. Located directly on the sugar white sands, Dunes of Panama offers 1,500 linear feet of beachfront along with three Gulf-front pools (one heated), tennis courts, basketball, fitness room, volleyball, shuffleboard, outdoor BBQ grills, free Wi-Fi, Stingray's restaurant and gift shop, and the popular Sneaky Tiki poolside bar. Relax, unwind, and enjoy resort-style living with strong rental potential in one of Panama City Beach's most established beachfront communities.
Full Property Details
Full Property Details for 7205 Thomas Dr #B505
General
- Sold For: $470,000
- Taxes: $5,472 (2025)
- Status: Closed
- Type: Condo
- Source: Bay_County
- MLS ID: 785278
- Added to Site: 53 day(s) ago
Interior
- Number of Rooms: 3
- Appliances: Electric Oven, Electric Range, Electric Water Heater
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Barbecue, Picnic Area
- Pool: Yes
- Pool Description: Gunite, In Ground, Community
- Tennis: Yes
- Security/Safety: Security Lights, Fire Alarm, Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Covered Spaces: 1
- Parking Features: Paved, Parking Lot
Location
- County: Bay
- Subdivision: Dunes Of Panama Phase II
- Driving Directions: From the corner of Joan Avenue and Thomas Drive, go East (left) on Thomas Drive. Turn right into Dunes of Panama, after you pass Rick Seltzer Public Park. Turn right to Building B.
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
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Mid Rise
- Elevator: Yes
- Sq. Ft. Source: Appraiser
- Year Built: 1980
Additional Structures
- Other Structures: Tennis Court(s)
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: $5,472
- Tax Year: 2025
Disclosures and Reports
- Legal Description: DUNES OF PANAMA PHASE II UNIT B-505 2BR 2B 1190 H&C ORB 720 P 32 ORB 3809 P 57 CVRD PRKNG P-11 & STORAGE S-9
- Property ID: 30840-255-000
Listed and Sold by Beach House Sales and Development
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Schools
Schools serving 7205 Thomas Dr #B505
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 1.2 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 5.6 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 4 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 7205 Thomas Dr #B505
Date
Details
Price
Change
Source
3/10/2026
Sold
$470,000
-1.05%
MLS
2/14/2026
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7205 Thomas Drive #B505, Panama City, FL 32408 (MLS# 785278) is a Condo property that was sold at $470,000 on March 10, 2026. Want to learn more about 7205 Thomas Drive #B505? 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.

