5518 Thomas Drive, Panama City Beach, FL 32408
- MLS 781204
About this home
Thiѕ iѕ уοur chаncе to secure a rare developmеnt oppοrtunity along the highly sought-after Thomas Drive business corridor. An exceptional .51-acre site (three combined lots: 100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. This unique configuration provides access from three road fronts, offering excellent visibility and accessibility for future development. • Zoned C-1 (Neighborhood Commercial) - allows for a wide range of commercial, mixed-use, and multifamily opportunities • Density: Up to 15 units per acre • Not in a flood zone, yet just 500 feet from the Gulf of Mexico • Gulf views possible from a multi-story structure • Surrounded by new homes, high-rise condos, restaurants, close to public beach access (#9), and major attractions • Ideal for commercial retail, short-term rentals, townhomes, or a mixed-use development A three-story building on this site would capture breathtaking Gulf views, making it perfect for a boutique hotel, retail center, or luxury residential units. Buyer should verify all details related to this property. Property includes 3 parcels- 32362-000-000; 31857-000-000; 31856-000-000
Property details
Exterior & lot
Schools
Community
Data source: Central Panhandle Association of REALTORS®
Location
Ready to see it in person?
Team Turner (Counts Real Estate Group) can set up a private showing or send you full details.
Request a showingThe beach in Panama City Beach is public. The closest public access to this home is Beach Access #9, about 0.1 mi away.
Closest public beach access:
Beach Access #9
Parking: No vehicle parking; on-street only if permitted
Dune walkover to beach; no known facilities
DirectionsBeach Access #10
Parking: No vehicle parking; on-street only if permitted
Dune walkover to beach; no known facilities
DirectionsBeach Access #8
Parking: No vehicle parking; on-street only if permitted
Dune walkover to beach; no known facilities
DirectionsBeach Access #11
Parking: Dedicated/vehicle parking (GIS)
Dune walkover to beach; no known facilities
DirectionsThis is general information to help you plan, not legal advice about any specific property. The beach in Panama City Beach is public, but individual access points vary - some have coded gates for nearby residents and guests, and parking differs from one access to the next. Confirm parking and entry before heading out.
Similar homes
$1,590,000
19978 Front Beach Road, Panama City Beach, FL 32413
No photo
$1,699,000
7928 W Highway 388, Panama City Beach, FL 32413
No photo
$1,400,000
4 bd · 4 ba · 2,100 sf
11619 Front Beach Road UNIT 1212, Panama City Beach, FL 32407
No photo
$1,400,000
5518 Thomas Drive, Panama City Beach, FL 32408
No photo
$1,400,000
4 bd · 4 ba · 2,100 sf
11619 Front Beach Road 1212, Panama City Beach, FL 32407
No photo
$1,399,000
4 bd · 4 ba · 4,677 sf
131 Legend Lakes Drive, Panama City Beach, FL 32408
Counts Real Estate Group
Courtesy of Local Insight Realty · Beth Christie · 850-832-9417
MLS® Disclaimer
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Counts Real Estate Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Listing data provided by: Central Panhandle Association of Realtors (CPAR). Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2026 Central Panhandle Association of REALTORS®
Listing data last updated 2026-08-23 19:30:24.