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7205 Thomas Drive , D303

Panama City Beach, FL 32408
  • $489,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 786888
$489,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,050
    SQFT
  • $466
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1982
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

Dunes of Panama D303 is a renovated 2 Bedroom, 2 Bath Condo with 1,050 sq ft of space to unwind, relax and enjoy your Gulf Front condo! Direct Gulf views from the living room, dining room, kitchen, master bedroom and a balcony that runs the width of the condo! LVP floors throughout and two beautifully tiled showers! Beach front living awaits and it is ready to be utilized as a turnkey vacation rental or a second home. Currently on the Dunes of Panama Rental Program and includes a set of beach chairs already paid in full for the season! Gross rental income: 2024 $46,243, 2025 $47,987 The Dunes of Panama Resort has 1500 linear feet of sugar white sand, 3 gulf front pools (one heated), four pickle ball courts, one tennis court, free WI-FI, fitness room, shuffleboard, outdoor BBQ grills, Stingray's restaurant and gift shop and the Sneaky Tiki poolside. All Milestone report repairs are completed and ALL assessments have been paid! All dimensions and information herein are deemed reliable but should be verified by buyer. Showers, flooring, toilets and appliances replaced in 2021. Freshly painted, and new washer/dryer in 2022. New AC, guest bedroom furniture, coffee and end tables in 2024

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© 2026 Central Panhandle Association of Realtors MLS. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Waves and Woods Realty. Data last updated: 2026-04-19T00:04:02.62.
www.wavesandwoodsfl.com/homes/174159380
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7205 Thomas Drive , D303 Panama City Beach, FL 32408

  • Price: $489,000
  • Status: Active
  • On Site: 33 Days
  • MLS #: 786888
2
Beds
2
Baths
0
½ Baths
N/A
Acres
1,050
SQFT
$466
$/SQFT
1982
Built
Neighborhood:
Dunes Of Panama Phase Iv
County:
Bay
Area:
Bay County-Beach
Elementary School:
Patronis
Middle School:
Surfside
High School:
Arnold
Property Description
Dunes of Panama D303 is a renovated 2 Bedroom, 2 Bath Condo with 1,050 sq ft of space to unwind, relax and enjoy your Gulf Front condo! Direct Gulf views from the living room, dining room, kitchen, master bedroom and a balcony that runs the width of the condo! LVP floors throughout and two beautifully tiled showers! Beach front living awaits and it is ready to be utilized as a turnkey vacation rental or a second home. Currently on the Dunes of Panama Rental Program and includes a set of beach chairs already paid in full for the season! Gross rental income: 2024 $46,243, 2025 $47,987 The Dunes of Panama Resort has 1500 linear feet of sugar white sand, 3 gulf front pools (one heated), four pickle ball courts, one tennis court, free WI-FI, fitness room, shuffleboard, outdoor BBQ grills, Stingray's restaurant and gift shop and the Sneaky Tiki poolside. All Milestone report repairs are completed and ALL assessments have been paid! All dimensions and information herein are deemed reliable but should be verified by buyer. Showers, flooring, toilets and appliances replaced in 2021. Freshly painted, and new washer/dryer in 2022. New AC, guest bedroom furniture, coffee and end tables in 2024
Exterior Features

Architectural Style High Rise Attached Garage YN No Construction Materials Concrete Stucco Garage YN No Patio And Porch Features Balcony Pool Features In Ground Community Road Frontage Type City Street Stories 12 View Gulf View YN Yes

Interior Features

Accessibility Features Accessible Entrance Appliances Electric Range Electric Water Heater Building Features Dumpster Cooling Central Air Ceiling Fan(s) Cooling YN Yes Flooring Luxury Vinyl Plank Heating Central Electric Heating YN Yes Parking Features Additional Parking Parking Lot Rooms Dining Room (First Level) Living Room (First Level) Bedroom (First Level) Primary Bedroom (First Level) Units Furnished All Units

Property Features

Association Amenities Beach Rights Gated Barbecue Picnic Area Association YN Yes Community Features Barbecue Basketball Court Beach Clubhouse Conference / Meeting Room Elevator Fitness Center Park Pool Tennis Court(s) Waterfront Community Pool Gated Short Term Rental Allowed Land Lease YN No Listing Service Full Service Lot Size Dimensions 0x0 New Construction YN No Occupant Type Tenant Property Sub Type Condominium Property Sub Type Additional Condominium Security Features Firewall(s) Security Gate Gated with Guard Gated Community24 Hour Security Security Guard Fire Alarm Smoke Detector(s) Security Service Senior Community YN No Sewer Public Sewer Special Listing Conditions Listed As- Is Tax Annual Amount 4113 Tax Year 2025 Utilities Electricity Available High Speed Internet Available Waterfront Features Gulf Shoreline - Sand Waterfront YN Yes

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Bright Realty Solutions: 850-400-8638. Listing information © 2026 Central Panhandle Association of Realtors MLS.


© 2026 Central Panhandle Association of Realtors MLS. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Waves and Woods Realty. Data last updated: 2026-04-19T00:04:02.62.
 
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