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$929,500

7428 Thomas Dr

Panama City Beach, FL
Active
4
Bedrooms
3.5
Bathrooms
2,375
Square Feet
0.07
Lot Size (acres)
2005
Year Built
253
Days On Market

Located directly across Thomas Drive from Rick Seltzer Park, this fully furnished three-story beach home offers exceptional short-term rental appeal in one of the most desirable areas of Panama City Beach. Positioned just steps from dedicated public beach frontage with lifeguards, showers, parking, and convenient Gulf access, the property is ideally suited for vacationers seeking walkability, beach convenience, and accommodations for large groups. Gulf views are protected by the park frontage, enhancing long-term value and guest appeal. Designed with income-producing potential in mind, this 4-bedroom, 3.5-bath property features a flexible multi-level layout capable of accommodating up to 16 guests comfortably. Popular rental features include multiple custom-built bunk areas, spacious entertainment zone, private outdoor spaces, and a heated saltwater pool, amenities consistently sought after by vacation renters in the Panama City Beach market. The first floor includes custom-built queen-over-queen bunk beds with integrated lighting and USB charging stations adjacent to a full bath. The second-floor primary suite features a king bed, private balcony with Gulf views, jacuzzi tub, walk-in closet, and ensuite bath. An additional second-floor suite includes more custom queen-over-queen bunks with its own full bath. The third-floor entertainment level offers vaulted ceilings, wet bar with sink and mini fridge, sleeper sofa, half bath, custom full-size bunk beds, and direct access to a large rooftop-style deck with Gulf views and abundant lounge space. The main living area offers 10-foot ceilings, crown molding, tile flooring, fireplace, abundant natural light, and an open-concept design ideal for gathering large groups. The kitchen features granite countertops, stainless steel appliances, wood cabinetry, breakfast bar seating, and a walk-in pantry. Outdoor amenities continue to enhance the property's rental desirability with a private fenced backyard, heated saltwater pool, multiple balconies, and a 25-foot rooftop observation deck overlooking the Gulf. Pool equipment includes a Wi-Fi-controlled Circupool salt generator, Hayward 2500 heater, and sand filter system. Additional upgrades and features include over $50,000 in recent improvements, brand-new composite decking, new roof section beneath the decking, Navien gas tankless water heater, aluminum hurricane shutters, laundry room with washer and dryer, and parking for 4 vehicles. Previously operated as a short-term vacation rental with strong historical income potential, this turnkey property offers an excellent opportunity for investors seeking a high-capacity beach rental in a prime location near Panama City Beach attractions, dining, shopping, and entertainment.

Listing Information

Listing Updated
08/05/2026
Listed By
Dennis M Dunnigan, 8502583880 · Coastal Choice Realty LLC, 8502154160
MLS#
784109
Source
Central Panhandle Association of REALTORS
Status
Active

Facts & Features

Location

Community Information

Address
7428 Thomas Dr, Panama City Beach, FL 32408
City
Panama City Beach
County
Bay
Neighborhood
Holiday Beach Unit 16
Zip Code
32408

Architecture

Bedrooms
4
Bathrooms
3.5
Stories
3
Year Built
2005
Style
Coastal
Construction Materials
HardiPlank Type
Building Area
2,375 sq. ft.
Roof
Metal
Levels
Three Or More
Garage Spaces
0
Parking Features
Gravel

Features & Amenities

Interior Features
Smart Thermostat
Appliances
Electric Range, Tankless Water Heater, Electric Oven
Exterior Features
Balcony
Patio and Porch
Covered, Patio, Deck, Porch
Cooling
Ceiling Fan(s), Central Air
Heating
Fireplace(s), Electric, Central

Property Features

Lot Size
0.07 Acres
Lot Features
Paved
View
Water
Sewer
Public Sewer
Utilities
Electricity Available
Zoning
County

Square Footage

Total
2,375 sq. ft.

Tax & Financial Information

List Price
$929,500
Annual Taxes
$7,589

Schools

76/100
J.R. Arnold High School
High · Grades 09–12 · 3.7 mi
City
Panama City Beach
Students
1,617
Parent reviews
5.0★ avg · 2 reviews
Student body
71% White · 13% Hispanic / Latino · 9% Black
Free/reduced lunch
36%
Phone
(850) 767-3700
62/100
Breakfast Point Academy
Elementary · Grades PK–08 · 3.4 mi
City
Panama City Beach
Students
1,131
Parent reviews
3.3★ avg · 3 reviews
Student body
76% White · 10% Hispanic / Latino · 6% Two or More Races
Free/reduced lunch
44%
Phone
(850) 767-1190
54/100
A. Gary Walsingham Academy
Elementary · Grades PK–03 · 2.4 mi
City
Panama City Beach
Students
230
Student body
65% White · 14% Hispanic / Latino · 10% Black
Free/reduced lunch
17%
Phone
(850) 767-5475
51/100
Hutchison Beach Elementary School
Elementary · Grades KG–05 · 4.4 mi
City
Panama City
Students
619
Student body
66% White · 17% Hispanic / Latino · 7% Two or More Races
Free/reduced lunch
57%
Phone
(850) 767-5195
50/100
Patronis Elementary School
Elementary · Grades KG–05 · 1.1 mi
City
Panama City Beach
Students
852
Student body
86% White · 5% Hispanic / Latino · 4% Two or More Races
Free/reduced lunch
43%
Phone
(850) 767-5075
48/100
Lucille Moore Elementary School
Elementary · Grades PK–05 · 4.5 mi
City
Panama City
Students
449
Parent reviews
1.0★ avg · 1 review
Student body
30% White · 30% Hispanic / Latino · 29% Black
Free/reduced lunch
77%
Phone
(850) 767-1428

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
01/24/2026Listed for sale$929,500

Listed by Dennis M Dunnigan · Coastal Choice Realty LLC · 8502154160

Listing information 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 deemed reliable but not guaranteed by the MLS. Copyright 2026, Central Panhandle Association of REALTORS. All rights reserved.

Last Updated: August 5, 2026 at 7:36 PM | Source: Central Panhandle Association of REALTORS | MLS#: 784109

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