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$689,000
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Property Description
STEPS TO THE BEACH! Welcome to 7818 Thomas Drive, a coastal getaway less than 700 feet from Beach Access 16, where you can see the Gulf from your front door! Whether you've dreamed of finally owning your own Panama City Beach getaway or you're searching for a property positioned for short-term rental success, this 3-bedroom beach house delivers the LOCATION--and the LIFESTYLE. Inside, the home has been thoughtfully designed to feel like a true beach retreat, with newly painted interiors, updated furnishings, a boutique-inspired bathroom, and custom built-in bunks that maximize both sleeping space and rental appeal. All furniture and decor included in sale, making this home truly turnkey! The home comfortably sleeps up to 10, while the spacious primary suite offers its own private balcony with views of the Gulf. A newer 2025 HVAC system adds peace of mind, and the attached one-car garage with an epoxy floor provides something increasingly difficult to find this close to the beach--private storage for your vehicle, golf cart, bikes, and beach gear. Villas of Panama is an intimate community of just 10 detached beach homes surrounding a community pool maintained by the HOA, giving owners and guests the enjoyment of a pool without the individual upkeep. Add in the home's proximity to all the east end restaurants, attractions and recreation, and you have the combination beach buyers and investors look for: walkability to the Gulf, a pool, private garage, beautiful coastal interiors, and generous sleeping capacity. Even better, enjoy the rare advantage of owning this close to the Gulf while being located in desirable FLOOD ZONE X. Whether you're looking for a personal beach retreat, a vacation-rental investment, or the best of both, ''Sand Dollar Holler'' is ready to enjoy. Schedule your showing today before it's gone.
Full Property Details
Full Property Details for 7818 Thomas Dr
General
- Price: $689,000
- HOA FEE: $200/month
- HOA FEE FREQ.: Quarterly
- Taxes: $6,077 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 794337
- Updated: 9/11/2026
- Added to Site: 49 day(s) ago
Interior
- Number of Rooms: 3
- Interior Features: Balcony, Double Vanity, Interior Steps, Tub Shower, Upper Level Primary
- Appliances: Electric Cooktop
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Pool Description: Gunite, In Ground, Community
Exterior
- Porch/Patio/Deck: Balcony, Covered, Patio
Parking
- Garage: Yes
- Garage Spaces: 1
Location
- County: Bay
- Subdivision: Villas Of Panama
- Driving Directions: Heading south on Joan Ave, turn east onto Thomas Drive. Villas of Panama is roughly 1 mile down the road on the north side of Thomas Drive. Right across from En Soleil.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
- Assoc. Fees Include: Maintenance Grounds, Pool(s)
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected
Structural Information
- Architectural Style: Coastal
- Windows: Double Pane Windows
- Stories/Levels: 2
- Sq. Ft. Source: Appraiser
- Year Built: 2005
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Size: .05
- Lot Dimensions: 23.0 ft x 96.0 ft
- Zoning: Resid Single Family
Water Features
- Water View: Yes
Financial Considerations
- Association Fee: $600
- Assoc Fee Freq.: Quarterly
- Tax Amount: $6,077.43
- Tax Year: 2025
Disclosures and Reports
- Legal Description: VILLAS OF PANAMA LOT 5 MAP 58A ORB 4740 P 2394
- Property ID: 30540-005-035
Listed by Compass Florida, LLC
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Schools
Schools serving 7818 Thomas Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 1.1 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 5.4 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 3.8 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 7818 Thomas Dr
Date
Details
Price
Change
Source
9/11/2026
Price Reduced
$689,000
-0.86%
MLS
8/21/2026
Listed
$695,000
9.45%
MLS
7/24/2023
Sold
$635,000
—
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 7818 Thomas Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,016
—
$491,092
1%
2024
$6,016
-2%
$486,327
—
2023
$6,131
66%
$487,161
54%
2022
$3,703
48%
$316,690
30%
2021
$2,507
—
$243,532
1%
2021
$2,507
14%
$240,170
38%
2019
$2,190
-1%
$174,495
1%
2018
$2,205
-1%
$172,951
—
2017
$2,229
-3%
$173,727
-1%
2016
$2,291
-4%
$175,388
-1%
2015
$2,382
-1%
$177,435
-1%
2014
$2,408
11%
$179,631
-2%
2013
$2,174
—
$182,748
—
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 7818 Thomas Dr
7818 Thomas Drive, Panama City, FL 32408 (MLS# 794337) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 7818 Thomas Drive is currently listed for $689,000 and was received on August 21, 2026. Want to learn more about 7818 Thomas Drive? Do you have questions about finding other Single Family 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.

