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8730 Thomas Drive UNIT 409, Panama City Beach, FL 32408 Active 1 / 39
$425,000

8730 Thomas Drive UNIT 409, Panama City Beach, FL 32408

Panama City Beach, FL 32408
  • 3 Beds
  • 3 Baths
  • 1,322 Sq Ft
  • 1984 Built
  • MLS 1000290

About this home

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

Property details

Property typeCondominium
StatusActive
Area27 - Bay County
SubdivisionVILLAS OF ST THOMAS IV
CityPanama City Beach
CountyBay
Zip32408
StyleN/A
Taxes$3,982
Tax year2025
HOAYes
WaterfrontYes
ViewGulf, Intracoastal Waterwy, Lagoon
Special conditionsAccept Backup Offers

Interior

Total rooms6
Full baths3
Half baths0
AppliancesDishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
CoolingCentral Air
HeatingCentral
FlooringVinyl
Interior featuresBreakfast Bar, Cathedral Ceiling(s), Recessed Lighting, Owner's Closet, Pantry, Washer/Dryer Hookup
FurnishedFurnished

Exterior & lot

RoofSlate
PoolIn Ground
Exterior featuresBalcony, Dock, Tennis Court(s)

Schools

ElementaryBreakfast Point
MiddleBreakfast Point
HighArnold

Community

Community featuresBBQ Pit/Grill, Boat Launch, Community Room, Dock, Dumpster, Fishing, Gated, Picnic Area, Pool, Sauna/Steam Room, TV Cable, Tennis Court(s), Waterfront, Short Term Rental - Allowed
DirectionsFrom 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.

Data source: Emerald Coast Association of REALTORS®

Location

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