4010 Thomas Dr Panama City, FL 32408
Estimated payment $4,921/month
Highlights
- Lagoon View
- Waterfront
- No HOA
- Patronis Elementary School Rated A-
- 0.43 Acre Lot
About This Lot
Introducing an unparalleled opportunity for developers and investors alike: a prime commercial parcel nestled in the heart of Thomas Dr. with tons of visibility from the highway. This meticulously regulated zone boasts a maximum height allowance of 230 feet, providing the canvas for innovative vertical development that maximizes both space and potential. The parcel is across the Boating Marina, high end restaurants and nearby beach access. Situated within Tax District 56, this property enjoys the benefits of county limits, offering a strategic location with access to essential infrastructure and amenities. With a lot size meticulously defined, developers can envision their projects with precision, optimizing every inch of the available space. Adhering to zoning regulations, the property allows for a multitude of R1-5 uses, extending from the beach line. From boutique shops to vibrant eateries, the possibilities for commercial ventures are as diverse as the coastal landscape itself. What sets this property apart is its unique stipulation on coverage: only 75% of the lot may be utilized for pavement, sidewalks, and infrastructure. This requirement fosters a harmonious blend of urban functionality and aesthetic appeal, ensuring that development maintains a balance between utility and environmental consciousness. Upon establishing the building footprint, developers are granted a designated usable space. Within this boundary, creativity knows no bounds, as 75% of the area can be fully utilized to realize the vision for the property. Whether crafting a sleek office tower, a chic retail hub, or a dynamic mixed-use complex, the potential for transformative development is boundless.
In summary, this commercial parcel offers more than just a piece of landit presents an opportunity to shape the skyline and redefine the fabric of the community. With its strategic location, meticulous zoning regulations, and expansive potential, this property stands as a beacon for those seeking to leave a lasting mark on the coastal landscape. Building is in process of being torn down into raw land in the next 2-4 weeks.
Property Details
Property Type
- Land
Lot Details
- 0.43 Acre Lot
- Waterfront
- Property fronts a county road
- Zoning described as Multi-Family, Resid Multi-Family, Other - See Remarks, Commercial
Property Views
- Lagoon Views
Community Details
- No Home Owners Association
- Gulf Lagoon Beach Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $1 | $1 | -- |
| 2024 | -- | $1 | $1 | -- |
| 2023 | -- | $1 | $1 | $0 |
| 2022 | $0 | $1 | $1 | $0 |
| 2021 | $0 | $1 | $1 | $0 |
| 2020 | $0 | $1 | $1 | $0 |
| 2019 | $0 | $1 | $1 | $0 |
| 2018 | $0 | $1 | $0 | $0 |
| 2017 | $0 | $1 | $0 | $0 |
| 2016 | -- | $1 | $0 | $0 |
| 2015 | -- | $1 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2025 10/20/25 | Price Changed | $800,000 | -11.1% | -- |
| 06/16/2025 06/16/25 | Price Changed | $900,000 | -16.3% | -- |
| 04/04/2025 04/04/25 | For Sale | $1,075,000 | 0.0% | -- |
| 04/03/2025 04/03/25 | Pending | -- | -- | -- |
| 02/19/2025 02/19/25 | Price Changed | $1,075,000 | -10.4% | -- |
| 10/03/2024 10/03/24 | Price Changed | $1,200,000 | -20.0% | -- |
| 07/23/2024 07/23/24 | Price Changed | $1,500,000 | -16.7% | -- |
| 06/06/2024 06/06/24 | For Sale | $1,800,000 | -- | -- |
Source: Central Panhandle Association of REALTORS®
MLS Number: 758163
APN: 31618-200-000
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 to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
- 608 Seabreeze Dr
- 5020 Beach Dr
- 730 Shark Dr
- 695 Seashell Dr
- 689 Seashell Dr
- 739 Seabreeze Dr
- 3826 Treasure Cir
- 3912 Long John Dr
- 3820 Treasure Cir
- 5113 Beach Dr Unit B
- 528 Venture Blvd
- 5004 Thomas Dr Unit 401
- 5004 Thomas Dr Unit 1712
- 5004 Thomas Dr Unit 811
- 5004 Thomas Dr Unit 1512
- 311 Venture Blvd
- 374 Red Snapper Ln
- 257 Venture Blvd
- 5004 Thomas Dr Unit 1507
- 5004 Thomas Dr Unit 1712
- 4031 Thomas Dr
- 4938 Spy Glass Dr
- 5218 Beach Dr Unit ID1354910P
- 5218 Beach Dr Unit ID1355001P
- 5115 Gulf Dr Unit FL10-ID1354918P
- 5115 Gulf Dr Unit FL2-ID1355002P
- 209 Squid Ln
- 5213 Trelawney Ave
- 5230 Beach Dr
- 5230 Beach Dr
- 5402 Pinetree Ave Unit ID1447170P
- 5605a Hilltop Ave Unit B
- 5616 Pinetree Ave
- 5807 Sunset Ave Unit B
- 6204 Pinetree Ave Unit C
- 6224 Sunset Ave
- 6214 E Azalea Ave Unit 6214 Azalea Ave Panama City beach FL 32408
- 2524 Beech St Unit A
- 6320 Beach Dr
- 6322 Sunset Ave
Ask me questions while you tour the home.