Listing provided courtesy of CENTURY 21 AllPoints Realty- MLS# 791806MLS Provider

5237 Thomas Drive #A & BPanama City, FL 32408

Multi-Family · 10 Beds · 8 Full Baths · 2 Half Baths · 5,156 Sq. ft. | 0.13 Acres
$2,230,000 Active

5237 Thomas Drive #A & B Overview

Time on Site:
5 days
Visits:
0

This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors -- and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control -- a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms -- one featuring built-in bunk beds perfect for families -- plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill -- the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

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5237 Thomas Drive #A & B Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,156
  • Price/Sq.ft. $433
  • Lot 0.13 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Patronis
  • Middle Or Junior School: Surfside
  • High School: Arnold

Building Information

  • New Construction: true
  • Year Built: 2025

Location/Region

  • County Or Parish: Bay
  • MLS Area Major: 03 - Bay County - Beach
  • MLS Area Minor: 0323 - Beach - South of Grand Lagoon
  • Postal City: Panama City
  • Subdivision Name: No Named Subdivision

Community/Development

  • Community Features: Barbecue,Short Term Rental Allowed

Tax Information

  • Tax Year: 2025

General Information

  • Parcel Number: 32375-000-000
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Special Listing Conditions: Listed As-Is

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 8
  • Bathrooms Half: 2
  • Bathrooms Total: 10
  • Bedrooms Total: 10

Building Interior

  • Building Area Total: 5156.0

General Information

  • Fireplace Features: Electric
  • Fireplace: true
  • Interior Features: Upper Level Primary
  • Levels: Three Or More
  • Living Area Source: Appraiser
  • Rooms Total: 10
  • Security Features: Carbon Monoxide Detector(s),Fire Sprinkler System
  • Stories: 3
  • Stories Total: 3
  • Units Furnished: All Units

Unit Information

  • Unit Number: A & B

Exterior

Lot Information

  • Lot Features: Sprinkler System
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Dimensions: 50.0 ft x 110.0 ft
  • Lot Size Square Feet: 5227.0
  • Lot Size Units: Acres
  • Road Responsibility: Public Maintained Road

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Architectural Style: Duplex
  • Attached Garage: false
  • Construction Materials: Other,Wood Frame
  • Patio And Porch Features: Balcony,Deck,Covered,Patio,Porch
  • Roof: Metal
  • Structure Type: Duplex

General Information

  • Exterior Features: Barbecue,Covered Patio,Outdoor Shower
  • Fencing: Fenced
  • Number Of Units Total: 2
  • Pool Features: In Ground,Salt Water,Private
  • Pool Private: true
  • Road Frontage Type: City Street
  • Sewer: Public Sewer

Room Information

Room: Half Bath

  • Level: First
  • Dimensions: 8.5 x 3.3
  • Length: 8.5
  • Width: 3.3
  • Description: Side B

Room: Half Bath

  • Level: First
  • Dimensions: 8.5 x 3.3
  • Length: 8.5
  • Width: 3.3
  • Description: Side A

Room: Kitchen

  • Level: First
  • Dimensions: 18 x 20
  • Length: 18.0
  • Width: 20.0
  • Description: Side B

Room: Kitchen

  • Level: First
  • Dimensions: 18 x 20
  • Length: 18.0
  • Width: 20.0
  • Description: Side A

Room: Living Room

  • Level: First
  • Dimensions: 22 x 20
  • Length: 22.0
  • Width: 20.0
  • Description: Side B

Room: Living Room

  • Level: First
  • Dimensions: 22 x 20
  • Length: 22.0
  • Width: 20.0
  • Description: Side A

Room: Primary Bathroom

  • Level: Second
  • Dimensions: 16.1 x 6.1
  • Length: 16.1
  • Width: 6.1
  • Description: Side B

Room: Primary Bathroom

  • Level: Second
  • Dimensions: 16.1 x 6.1
  • Length: 16.1
  • Width: 6.1
  • Description: Side A

Room: Primary Bedroom

  • Level: Second
  • Dimensions: 12.6 x 13.4
  • Length: 12.6
  • Width: 13.4
  • Description: Side B

Room: Primary Bedroom

  • Level: Second
  • Dimensions: 12.6 x 13.4
  • Length: 12.6
  • Width: 13.4
  • Description: Side A

5237 Thomas Drive #A & B Neighborhood

Community

32408 (Panama City) Demographics

43
Median Age
751
Population Density (per sq. mile)
48%
College Educated
$57,202
Estimated Median Income
5,833
Estimated Total Home Owners
2,869
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5237 Thomas Drive #A & B Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5237 Thomas Drive #A & B Market Data

Based on the last 30 days in this zip code

$616,879
Average List Price
$391
Average Price per Square Foot
97
Properties Sold
89
Average Days on Market
1,054
Properties for Sale
Calculations provided by Reliance Network

5237 Thomas Drive #A & B History

Date Event Value Agent
6/24/2026Source: Central Panhandle MLS Added to Database
June 24, 2026