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Dunes of Panama

Dunes of Panama

Dunes of Panama
Condominium Building Complex
7205 Thomas Dr,
Panama City Beach, FL 32408
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

326 Units
20 Stories
1982 Year Built
$12.3K - $831K Value Range

Available Units

For Sale
For Rent

Highlights

  • Beach
  • Patronis Elementary School Rated A-
  • Property fronts gulf or ocean
  • Community Cabanas
  • 24-Hour Security
  • 3 min walk to Rick Seltzer Park

Beachfront living in the heart of Panama City Beach

The Dunes of Panama, completed in 1982, stands as a prominent fixture along the pristine shores of Panama City Beach. This 20-story condominium complex houses 326 units, offering residents and visitors alike breathtaking views of the Gulf of Mexico. Situated in the Lower Grand Lagoon neighborhood, the Dunes of Panama combines the tranquility of beachfront living with easy access to local attractions. With its expansive 1,500 feet of sugar-white sand beach frontage, the property provides an idyllic setting for those seeking a coastal retreat or a lucrative investment opportunity in one of Florida's most sought-after vacation destinations.

Diverse layouts catering to various lifestyles

The Dunes of Panama offers a range of floor plans to suit different needs and preferences. Units vary from cozy one-bedroom apartments to spacious four-bedroom residences, ensuring options for both small families and larger groups. One-bedroom units, measuring approximately 700 square feet, provide an efficient layout with one bathroom, ideal for couples or solo residents. Two-bedroom units range from 900 to 1,836 square feet, featuring one to two bathrooms. These units are priced between $370,000 and $685,000, offering a balance of space and affordability. For those requiring more room, three-bedroom units span from 1,480 to 2,350 square feet, with two to three bathrooms. These larger apartments are priced from $690,991 to $889,000, catering to families or those who enjoy extra living space. The condominium also offers four-bedroom units, providing ample space for larger families or those who frequently entertain guests. Many units boast floor-to-ceiling windows and private balconies, providing panoramic views of the Gulf, resort grounds, or city skyline. Recent renovations in various units have introduced modern touches such as granite countertops, stainless steel appliances, and wood-look tile flooring throughout. Some units feature additional amenities like smart thermostats with door monitors, dehumidifiers, and updated bathrooms with fully tiled showers. Monthly HOA fees range from $500 to $1,200, covering amenities such as clubhouse access, internet, pest control, pool maintenance, security, tennis courts, trash removal, and water. These comprehensive fees contribute to the overall resort-like atmosphere of the complex, ensuring residents can fully enjoy the numerous on-site facilities without additional concerns.

Extensive amenities for year-round enjoyment

The Dunes of Panama boasts an impressive array of amenities designed to enhance the coastal living experience. At the heart of the complex are three Gulf-front pools, including one that's heated for year-round use. Active residents can take advantage of the tennis courts, basketball court, and recently added pickleball facilities. A fitness room caters to those maintaining their exercise routines, while volleyball courts and shuffleboard provide additional recreational options. For outdoor enthusiasts, the property features BBQ grills and picnic areas, perfect for al fresco dining with ocean views. A clubhouse serves as a community hub, offering space for gatherings and events. The complex also provides free Wi-Fi throughout the property, ensuring connectivity for both residents and guests. The Dunes of Panama goes beyond typical condo amenities by offering on-site dining and shopping options. Stingray's, the resort's restaurant and gift shop, provides convenient dining and souvenir shopping. The Sneaky Tiki poolside bar offers refreshments for those lounging by the water. An on-site market caters to basic grocery needs, while a beach rental service ensures easy access to chairs and umbrellas for beach days. Security is a priority at the Dunes of Panama, with the complex operating as a gated community with on-site security personnel. For those using the property as a vacation rental, an in-house rental manager and on-site rental office streamline the process, making it an attractive option for investors. Additional services include storage rooms for residents, private meeting rooms available for rent, and a game room for indoor entertainment. The pet-friendly policy sets the Dunes of Panama apart from many beachfront condominiums, allowing residents to enjoy coastal living with their furry companions.

Coastal charm meets convenient attractions

The Dunes of Panama is situated in the Lower Grand Lagoon neighborhood, known for its blend of residential tranquility and tourist appeal. This area offers a more relaxed atmosphere compared to the bustling center of Panama City Beach, making it ideal for those seeking a balance between vacation vibrancy and peaceful living. The property's location provides easy access to numerous attractions. St. Andrews State Park, just 2.6 miles away, offers 1,200 acres of natural beauty, popular for camping, hiking, and wildlife observation. The park also serves as the departure point for the Shell Island Ferry, a favorite among visitors exploring the area's marine life. For entertainment, residents are within a short drive of several popular venues. Pier Park, a premier shopping and entertainment complex, is about 7.8 miles away, offering a mix of retail, dining, and seasonal events. Closer to home, attractions like Ripley's Believe It or Not and WonderWorks (both approximately 2.2 miles away) provide family-friendly entertainment options. Food enthusiasts will appreciate the proximity to local eateries. Finn's and Liza's Kitchen, both within walking distance, offer casual dining experiences. For those interested in local flavors, Schooners, nicknamed the "Last Local Beach Club," is known for its seafood and live music, embodying the area's laid-back coastal vibe. The neighborhood also caters to outdoor activities beyond the beach. Rick Seltzer Park, a popular public swimming beach with picnic areas and a pavilion, is just a short five-minute walk away. For pet owners, the Regency Towers Dog Run provides a space for furry friends to exercise, located about a mile and a half from the property. While the area immediately surrounding the Dunes of Panama is primarily residential, essential services are within reach. The European Food Mart, a grocery store rated 4.5 out of 5, is about a mile and a half away, offering convenient shopping for everyday needs.

Strategic location with easy access to key destinations

Transportation in the Lower Grand Lagoon area primarily centers around personal vehicles, reflecting the car-dependent nature of the region. The Dunes of Panama's location on Thomas Drive provides residents with a main artery for navigating the area, offering a more secluded feel compared to the busier stretches of Panama City Beach. For air travel, Northwest Florida Beaches International Airport is conveniently located about 21 miles away, or approximately a 35-minute drive. This proximity makes the Dunes of Panama an attractive option for those who frequently travel or host out-of-town guests. While the area is primarily designed for car travel, it does offer some options for alternative transportation. The neighborhood has a somewhat bikeable infrastructure, with a score of 48 out of 100, suggesting that some errands can be accomplished on two wheels. However, most daily tasks and attractions will require a car. For those looking to explore the wider Panama City Beach area, rental car services are available nearby. Additionally, ride-sharing services operate in the region, providing an alternative for those who prefer not to drive. The property's location strikes a balance between accessibility and seclusion. While it may not offer extensive public transit options, its position allows for easy access to major roads leading to popular destinations in Panama City Beach and beyond, making it an ideal base for exploring the Florida Panhandle's attractions.

Available Units

Building Details

Recreation

  • Beach
  • Outdoor Tennis Courts
  • Volleyball Courts
  • Community Cabanas
  • Heated In Ground Pool
  • Community Pool
  • Fishing
  • Park

Outdoor Features

  • Property fronts gulf or ocean
  • Sundeck
  • Community Barbecue Grill
  • Picnic Area

Amenities

  • Gulf Views
  • Clubhouse
  • Game Room
  • Community Wi-Fi
  • 24-Hour Security
  • 24 Hour Access

Parking

  • 1 Garage Space Per Unit
  • 1 Car Detached Garage
  • Additional Parking
  • Parking Lot
  • Deeded Parking

Condo Association

  • $1,655 Monthly HOA Fees
  • Monthly HOA Fees Range from $567 - $1,655
  • Association fees include clubhouse, cable TV, insurance, internet, ground maintenance, pest control, pool(s), sewer, security, trash, water
  • Dunes Of Panama Association
  • Dunes Of Panama Phase V Subdivision

Building Design

  • High-Rise Condominium
  • Elevator

Unit Features

  • Balcony

Activity

Views

168

Unit Information By Building

Unit
Beds
2 Beds
3 Beds
Baths
2 Baths
2 Baths
Sq Ft
1,050
1,975
Price
$549,000
$839,400
Price / Sq Ft
$523 / Sq Ft
$425 / Sq Ft
List Date
06/23/2025
03/22/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
None Available
Est. Values
$12,263 - $814,873
1 Bedroom Units
Sq Ft Range
700
Est. Values
$286,188 - $555,462
2 Bedroom Units
Sq Ft Range
900 - 1,836
Est. Values
$398,480 - $666,786
3 Bedroom Units
Sq Ft Range
1,076 - 2,350
Est. Values
$470,140 - $831,015
4 Bedroom Units
Sq Ft Range
None Available
Est. Values
$509,000 - $642,000
All Units
Sq Ft Range
700 - 2,350
Est. Values
$12,263 - $831,015

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Somewhat Bikeable

Bike Score®

48 / 100

Car-Dependent

Walk Score®

34 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

77 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$387 - $756K
Range of Taxes in Building
$5 - $8,675
Range of Taxes per Sq Ft
$0.97 - $5.97

Property Tax History

Source: Public Records

Building Website

Building Team

Property Management
Dunes of Panama
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.