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7205 Thomas Drive 1206, Panama City Beach, FL 32408

Panama City Beach, FL 32408
  • 3 Beds
  • 2 Baths
  • 1,975 Sq Ft
  • 1985 Built
  • MLS 788474

About this home

Rare Gulf‐Front Cοrnеr Unіt | Hugе Wraр-Around Balconies | Perfеct Renovаtion Opportunity | 2026 Rental income 72k YTD and projections after renovation 100k+. Renovate in the off season to capture rents for 2027 season. This is the dream property for someone who wants to put their own stamp on a true gulf-front unit. Located in the highly desirable Building E, this rare corner/end unit offers approximately 1,975 sq ft of heated living space with expansive panoramic emerald-green views. Floor-to-ceiling glass sliders open to huge wrap-around balconies from all three gulf-front bedrooms and the living room, flooding the entire unit with natural light and stunning views. The living area features a full wall of glass overlooking the Gulf, and the kitchen is positioned to enjoy the gulf views as well, allowing you to cook while watching the beach. The thoughtful split floor plan provides excellent privacy, with the master suite separated from the guest bedrooms. A flexible bonus room off the master can easily become a walk-in closet, office, or additional sleeping space. The unit comfortably sleeps 10-14 guests depending on configuration. A new outer shell has already been installed, so the expensive exterior work is complete. This unit is a true blank canvas with strong bones, incredible views, and substantial balcony space -- ready for your personal finishes. Resort amenities include beachfront bar & grill, two heated pools, tennis and pickleball courts, gated security, direct beach access, and deeded covered parking. Short-term rentals are allowed, making this an excellent candidate for a high-performing vacation rental once updated, or a spectacular second home you can fully customize.

Property details

Property typeCondominium
StatusActive
Area03 - Bay County - Beach
SubdivisionDunes Of Panama Phase V
CityPanama City Beach
CountyBay
Zip32408
StyleHighRise
HOAYes
HOA fee$1,646/mo
New constructionYes
WaterfrontYes
ViewGulf,Water
Special conditionsListedAsIs

Interior

Total rooms4
Full baths2
AppliancesElectricCooktop,ElectricOven,ElectricRange,ElectricWaterHeater
CoolingCentralAir
HeatingCentral
Interior featuresBalcony,MainLevelPrimary,TubShower

Exterior & lot

Lot dimensions0X0
PoolElectricHeat,Community
GarageYes

Schools

ElementaryPatronis
MiddleSurfside
HighArnold

Community

Community featuresBeach, Fitness Center, Pool, Tennis Courts, Waterfront, Community Pool, Short Term Rental Allowed
DirectionsAfter crossing the Hathaway Bridge, continue a short distance and turn left directly onto Thomas Drive at the second traffic light. Then drive east/southeast on Thomas Drive until you reach 7205 (Dunes of Panama will be on your right or left depending on exact approach -- about 2-3 miles total on Thomas Dr).

Data source: Central Panhandle Association of REALTORS®

Location

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