Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$475,000 Sale Pending

  • For Sale
  • Pending
  • Condo
  • 2 Beds
  • 2 Full Baths
  • Updated 4 days ago
See This Home
Save This Home
See This Home
Save This Home
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 for 7205 Thomas Dr #B505

General

  • Price: $475,000
  • Taxes: $5,472 (2025)
  • Status: Pending
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 785278
  • Updated: 2/17/2026
  • Added to Site: 7 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 by Beach House Sales and Development

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 7205 Thomas Dr #B505 —

  • Beach House Sales and Development

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 7205 Thomas Dr #B505

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-51.2 mi
Surfside Middle School
300 Nautilus Street, Panama City Beach, FL 32413
6-85.6 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-124 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7205 Thomas Dr #B505 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/14/2026
Listed
$475,000
-11.21%
MLS
4/18/2024
Sold
$535,000
—
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 7205 Thomas Dr #B505

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,432
18%
$441,855
-2%
2024
$4,619
5%
$450,853
6%
2023
$4,384
44%
$424,150
72%
2021
$3,041
—
$246,500
-3%
2022
$3,033
—
$255,000
-5%
2021
$3,041
8%
$267,750
21%
2019
$2,819
10%
$221,516
10%
2018
$2,561
3%
$201,378
3%
2017
$2,498
16%
$195,003
18%
2016
$2,156
-3%
$164,828
—
2015
$2,215
—
$164,828
—
2014
$2,207
16%
$164,403
7%
2013
$1,910
—
$154,277
—
View All
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 for 7205 Thomas Dr #B505

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Beach House Sales and Development

Similar Properties near 7205 Thomas Dr #B505

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

9450 S Thomas Dr, Panama City, FL 32408 - Photo 1
$477,000

9450 S Thomas Dr  #1209C  Panama City, FL 32408

  • Condo
  • Active
  • Updated 4 days ago
  • 2
    Beds
  • 2
    Total Baths
9450 S Thomas Dr, Panama City, FL 32408 - Photo 1
$479,000

9450 S Thomas Dr  #509  Panama City, FL 32408

  • Condo
  • Active
  • Updated 4 days ago
  • 2
    Beds
  • 2
    Total Baths
9450 S Thomas Dr, Panama City, FL 32408 - Photo 1
$479,900

9450 S Thomas Dr  #1703C  Panama City, FL 32408

  • Condo
  • Active
  • Updated 4 days ago
  • 2
    Beds
  • 2
    Total Baths
4100 Marriott Dr, Panama City, FL 32408 - Photo 1
$470,000

4100 Marriott Dr  #302  Panama City, FL 32408

  • Condo
  • Active
  • 2
    Beds
  • 2
    Total Baths

Just Listed near 7205 Thomas Dr #B505

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

183 Meadow Lake Dr, Freeport, FL 32439 - Photo 1 Just Listed
$614,900
Open House

183 Meadow Lake Dr  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 3
    Total Baths
  • 2,399
    Sq. Ft.
Listed by Courtney Lincoln (850) 460-5393
11 Hemingway Ln, Freeport, FL 32439 - Photo 1 Just Listed
$444,400
Open House

11 Hemingway Ln  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,721
    Sq. Ft.
Listed by Courtney Lincoln (850) 460-5393
8 Alexander Way, Freeport, FL 32439 - Photo 1 Just Listed
$305,000
Open House

8 Alexander Way  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,294
    Sq. Ft.
156 W Farm Owl Dr W, Freeport, FL 32439 - Photo 1 Just Listed
$499,900

156 W Farm Owl Dr W  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 4
    Total Baths
  • 2,831
    Sq. Ft.

Price Reduced near 7205 Thomas Dr #B505

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

158 Lafayette Creek, Freeport, FL 32439 - Photo 1 Price Reduced
-$10,900 (-2.66%)
$399,000

158 Lafayette Creek  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 4
    Total Baths
  • 2,348
    Sq. Ft.
Listed by Jacob Foreman (850) 499-1453
397 Phillips Dr, Freeport, FL 32439 - Photo 1 Price Reduced
-$7,000 (-3.02%)
$225,000

397 Phillips Dr  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 3 days ago
  • 1
    Bed
  • 1
    Total Bath
  • 490
    Sq. Ft.
275 Eunola Ln, Freeport, FL 32439 - Photo 1 Price Reduced
-$2,000 (-0.59%)
$334,900

275 Eunola Ln  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 5 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,580
    Sq. Ft.
213 Dockside Rd, Freeport, FL 32439 - Photo 1 Price Reduced
-$11,000 (-3.3%)
$321,900

213 Dockside Rd  Freeport, FL 32439

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,799
    Sq. Ft.

Recent Sales near 7205 Thomas Dr #B505

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

7205 Thomas Dr, Panama City, FL 32408 - Photo 1 Sold
$433,000

7205 Thomas Dr  #D205  Panama City, FL 32408

  • Condo
  • Closed
  • 2
    Beds
  • 2
    Total Baths
7315 Beach Dr, Panama City, FL 32408 - Photo 1 Sold
$441,400

7315 Beach Dr  Panama City, FL 32408

  • Single Family
  • Closed
  • 6
    Beds
  • 4
    Total Baths
7911 Beach Dr, Panama City, FL 32408 - Photo 1 Sold
$425,000

7911 Beach Dr  Panama City, FL 32408

  • Vacant Land
  • Closed
  • 0.25
    Acres
3916 Venus St, Panama City, FL 32408 - Photo 1 Sold
$445,000

3916 Venus St  Panama City, FL 32408

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths

7205 Thomas Drive #B505, Panama City, FL 32408 (MLS# 785278) is a Condo property with 2 bedrooms and 2 full bathrooms. 7205 Thomas Drive #B505 is currently listed for $475,000 and was received on February 14, 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.

Tour this property