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$550,000
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Property Description
Just steps from the sugar-white sands of Panama City Beach, this income-producing vacation rental offers the location, amenities, and guest capacity that make a beach investment stand out. Currently operating as Palm Breeze Retreat, this 3-bedroom, 2.5-bath property is completely furnished, accommodates up to 10 guests and is positioned within the Villas of Panama, where the community pool and nearby beach access put vacation favorites within easy reach. Inside, the main living area provides plenty of room to gather after a day on the Gulf, with a comfortable living space, dining area, and fully equipped kitchen featuring stainless steel appliances, stone countertops, and ample cabinetry. The sleeping arrangements are designed with groups and families in mind, including a primary suite with a king bed and twin-over-twin bunks, two additional queen bedrooms, and a sleeper sofa in the living area. Multiple bedrooms offer balcony access, while the primary suite includes its own bath. One of the property's most memorable features is the converted garage game room, giving guests their own place to unwind with arcade games, air hockey, darts, basketball, and more. Outdoor spaces add even more appeal, with balconies, a lower-level patio and grill area, and a second-floor balcony overlooking the community pool. The location makes it easy for guests to enjoy Panama City Beach without spending the entire vacation in the car. Thomas Drive, St. Andrews Bay, dining, entertainment, and the beach are all nearby, while St. Andrews State Park is less than three miles away. Shopping, golf, charter fishing, water activities, family attractions, and the area's many restaurants provide plenty to explore beyond the shoreline. Whether you're searching for a beach property to enjoy yourself, an established vacation rental to add to your portfolio, or a combination of both, this property brings together guest-friendly amenities and a highly desirable location just a short walk from the Gulf.
Full Property Details
Full Property Details for 7824 Thomas Dr
General
- Sold For: $550,000
- HOA FEE: $200/month
- HOA FEE FREQ.: Quarterly
- Taxes: $5,593 (2025)
- Status: Closed
- Type: Single Family
- Source: Bay_County
- MLS ID: 795058
- Added to Site: 51 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: Balcony, Double Vanity, Jetted Tub, Sitting Area in Primary, Upper Level Primary
- Appliances: Electric Range, Electric Water Heater
- Flooring: Plank, Vinyl
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
- Exterior Features: Covered Patio
- Porch/Patio/Deck: Balcony, Deck, Covered, Porch
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Garage, Garage Door Opener
Location
- County: Bay
- Subdivision: Villas Of Panama
- Driving Directions: Traveling South on Front Beach Rd from Hathaway Bridge, Left on Joan Avenue, Left on Thomas Drive, 7824 Thomas Drive is on the left side of the road.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
- Assoc. Fees Include: Association Management, Maintenance Grounds, Pool(s)
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Connected, Electricity Available
Structural Information
- Architectural Style: Coastal
- Construction: Stucco
- Roof: Metal
- 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: $5,593.39
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: VILLAS OF PANAMA LOT 2 MAP 58A ORB 4470 P 1345
- Property ID: 30540-005-020
Listed by Salty Marlin Realty LLC
Sold by Keller Williams Realty Emerald
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Schools
Schools serving 7824 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 7824 Thomas Dr
Date
Details
Price
Change
Source
9/25/2026
Sold
$550,000
-8.33%
MLS
9/16/2026
Price Reduced
$600,000
-4%
MLS
9/14/2026
Price Reduced
$625,000
-3.85%
MLS
9/04/2026
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7824 Thomas Drive, Panama City, FL 32408 (MLS# 795058) is a Single Family property that was sold at $550,000 on September 25, 2026. Want to learn more about 7824 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.

