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$839,500 Just Listed

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 3 Full Baths
  • Updated 1 day ago
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Experience Gulf-front living at Unit E206 at Dunes of Panama, a fully furnished and turnkey condo perfectly positioned on the white sands of Panama City Beach. This beautifully maintained unit offers spacious living areas, a private balcony, and strong vacation rental potential, making it ideal as a primary residence, second home, or income-producing investment. The property is being sold fully turnkey with established rental management already in place for a seamless transition for the next owner. An added bonus is the inclusion of a separate deeded garage space with the purchase -- a rare and highly desirable feature in Panama City Beach. Residents and guests enjoy resort-style amenities including beachfront pools, tennis courts, fitness facilities, on-site dining, and direct beach access, all conveniently located near shopping, restaurants, and local attractions. Seller is offering 1% concessions with an acceptable offer.

Full Property Details for 7205 Thomas Dr #E206

General

  • Price: $839,500
  • Taxes: $6,818 (2025)
  • Status: Active
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 789996
  • Updated: 5/17/2026
  • Added to Site: 2 day(s) ago

Interior

  • Number of Rooms: 3
  • Interior Features: Handicap Access
  • Appliances: Electric Cooktop, Electric Range

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Shared Amenities: Barbecue
  • Pool: Yes
  • Pool Description: Community
  • Security/Safety: Security Gate, 24 Hour Security, Security Guard

Exterior

  • Porch/Patio/Deck: Balcony

Location

  • County: Bay
  • Subdivision: Dunes Of Panama Phase V
  • Driving Directions: From Panama City Beach Parkway (Back Beach Rd), head south on Richard Jackson Boulevard and turn left onto Front Beach Road. Continue east on Front Beach Road, then turn right onto Thomas Drive. Proceed approximately 1.5 miles, and the property will be located on the left at 7205 Thomas Dr, Panama City Beach, FL 32408.

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
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Utility Description: Cable Connected, Electricity Available

Structural Information

  • Architectural Style: Low Rise
  • Sq. Ft. Source: Appraiser
  • Year Built: 1985

Lot Features

  • Property View: Gulf
  • Lot Dimensions: 1480 sq ft

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Gulf
  • Water Front View: Gulf

Financial Considerations

  • Tax Amount: $6,818
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: DUNES OF PANAMA PHASE V UNIT E-206 ORB 1015 P 1886 3BR 2B 1480 H&C ORB 3798 P 58 GARAGE UNIT G-64
  • Property ID: 30840-756-000

Listed by EXP Realty LLC

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Listing agent

— 7205 Thomas Dr #E206 —

  • EXP Realty LLC

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 #E206

School District:Bay County School District
NameGradesDistance
Patronis Elementary School
7400 Patronis Dr, Panama City Beach, FL 32408
K-51.1 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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7205 Thomas Dr #E206 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/17/2026
Listed
$839,500
115.26%
MLS
5/20/2016
Sold
$390,000
—
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 #E206

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,778
-5%
$551,369
-11%
2024
$7,158
-2%
$622,750
-8%
2023
$7,277
43%
$677,875
60%
2021
$5,072
-20%
$422,875
-34%
2022
$6,316
25%
$636,650
61%
2021
$5,072
18%
$394,825
16%
2019
$4,303
10%
$339,075
10%
2018
$3,898
-8%
$308,250
-7%
2017
$4,219
4%
$331,625
5%
2016
$4,048
8%
$315,820
13%
2015
$3,743
2%
$280,564
4%
2014
$3,665
27%
$268,950
10%
2013
$2,895
—
$244,500
—
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 #E206

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*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

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Listed by EXP Realty LLC

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7205 Thomas Drive #E206, Panama City, FL 32408 (MLS# 789996) is a Condo property with 3 bedrooms and 3 full bathrooms. 7205 Thomas Drive #E206 is currently listed for $839,500 and was received on May 17, 2026. Want to learn more about 7205 Thomas Drive #E206? 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.

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