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$425,000

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 3 Full Baths
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Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features include private balcony, modern kitchen with washer/dryer, smart thermostat, smart TVs, fresh paint, and updated fixtures. Community amenities: pool, tennis, clubhouse, sauna, BBQ. Low HOA + unincorporated Bay County = favorable STR taxes. Seller offering 3 months of complimentary management. Largest + best decor + best situated unit in complex! Walkable to beaches, dining, and entertainment

Full Property Details for 8730 Thomas Dr #409

General

  • Price: $425,000
  • Taxes: $3,982 (2025)
  • Status: Active
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 788796
  • Updated: 4/23/2026
  • Added to Site: 16 day(s) ago

Interior

  • Number of Rooms: 5

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Shared Amenities: Dock, Sauna
  • Pool: Yes
  • Pool Description: Community

Location

  • County: Bay
  • Subdivision: Villas Of St. Thomas 4
  • Driving Directions: From Front Beach Road, head east on Thomas Drive. Turn left onto Joan Avenue, then take an immediate right into the gated entrance of St. Thomas Square. Proceed through the gate--Building 400 will be ahead. Unit 409 is located on the second floor, accessible via the left-side stairwell.

School Information

  • Elementary School: Breakfast Point
  • Middle School: Breakfast Point
  • High School: Arnold

Community

  • Community Name: 03 - Bay County - Beach
  • Association: Yes

Structural Information

  • Architectural Style: Low Rise
  • Sq. Ft. Source: Plans
  • Year Built: 1984

Lot Features

  • Lot Dimensions: IRR
  • Frontage: Private Road

Water Features

  • Water Front: Yes
  • Water Front Desc.: Bayfront
  • Water Front View: Bayfront
  • Boat Dock Slip: Yes

Financial Considerations

  • Tax Amount: $3,982
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: VILLAS OF ST THOMAS IV UNIT 409 TYPE E ORB 972 P 1550 3BR 3B 1322 H&C ORB 4687 P 1947
  • Property ID: 30473-057-000

Listed by Engel & Voelkers 30A Beaches

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— 8730 Thomas Dr #409 —

  • Engel & Voelkers 30A Beaches

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 8730 Thomas Dr #409

School District:Bay County School District
NameGradesDistance
Breakfast Point Academy
601 N Richard Jackson Boulevard, Panama City Beach, FL 32407
K-82.2 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-123.1 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 8730 Thomas Dr #409 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/23/2026
Listed
$425,000
6.38%
MLS
4/28/2023
Sold
$399,500
—
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 8730 Thomas Dr #409

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,981
14%
$320,663
2%
2023
$3,484
47%
$314,500
62%
2021
$2,368
-9%
$194,119
-13%
2022
$2,616
10%
$222,700
20%
2021
$2,368
18%
$184,875
28%
2019
$2,006
13%
$144,813
10%
2018
$1,777
11%
$131,648
4%
2017
$1,595
11%
$127,075
17%
2016
$1,437
-3%
$108,800
—
2015
$1,476
-5%
$108,800
-5%
2014
$1,553
8%
$114,750
4%
2013
$1,441
—
$110,519
—
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.

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Listed by Engel & Voelkers 30A Beaches

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8730 Thomas Drive #409, Panama City, FL 32408 (MLS# 788796) is a Condo property with 3 bedrooms and 3 full bathrooms. 8730 Thomas Drive #409 is currently listed for $425,000 and was received on April 23, 2026. Want to learn more about 8730 Thomas Drive #409? 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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