$975,000
OPEN SUN 1PM - 3PM NEW CONSTRUCTION

5231 Thomas Dr Panama City, FL 32408

Lower Grand Lagoon Area

Estimated payment $6,386/month

Total Views 339
4 Beds
4.5 Baths
2,345 Sq Ft
$416 Price per Sq Ft

Highlights

  • New Construction
  • 2,750 Acre Lot
  • Balcony
  • Private Pool
  • Deck
  • Porch

About This Home

This limited collection of vacation homes offers an exceptional opportunity to own in one of the area's most sought-after locations -- literally across the street from the sugar-white sands and shimmering Gulf waters.
This home showcases spacious, open-concept designs with 4 bedrooms, 4.5 baths, and a bunk room. Enjoy high-end finishes, stylish coastal architecture, and your own private pool -- the ultimate spot for relaxing or entertaining after a day at the beach. Expansive covered porches invite you to take in stunning sunrises and sunsets in true coastal style. Close to popular restaurants (walk to Schooner's), shops, golf courses, and water activities, this community also offers convenient access to Panama City proper and the Northwest Florida Beaches International Airport.

Listing Agent

Steven Thew

TH Coastal Realty License #SL3487470 Listed on: 08/11/2026

Co-Listing Agent

Whitney Moore

TH Coastal Realty

Open House Schedule

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2026 | New Construction

Lot Details

  • 2,750 Acre Lot
  • Lot Dimensions are 30 x 110

HOA Fees

  • $63 Monthly HOA Fees

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 3-Story Property
  • Double Pane Windows
  • Living Room
  • Dining Room

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Private Pool
  • Balcony
  • Deck
  • Porch

Schools

  • Patronis Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System

Community Details

  • Association fees include ground maintenance
  • 2 Units
  • Gulf Lagoon Beach Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 2026 | New Construction

Lot Details

2,750 Acres

HOA Fees

$63 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2026
  • Property Sub Type: Attached
  • Lot Size Acres: 2750.0
  • Lot Size: 30 x 110
  • Road Frontage Type: City Street
  • Co List Office Mls Id: THCR
  • Co List Office Phone: 850-687-7179
  • Subdivision Name: Gulf Lagoon Beach
  • Architectural Style: Duplex
  • Unit Levels: Three Or More
  • New Construction: Yes
  • Building Stories: 3
  • Structure Type: Duplex
  • Property Sub Type Additional: Attached,Duplex
  • Special Features: 3
  • Stories: 3

Interior Features

  • Appliances: Electric Oven, Electric Range
  • Interior Amenities: Interior Steps
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Dining Room Type: Dining Room, Living Room, Primary Bedroom, Porch
  • Stories: 3
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Features: Private
  • Pool Private: Yes
  • Waterfront: No
  • Exterior Features: Covered Patio
  • Patio And Porch Features: Balcony, Deck
  • Roof: Metal

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 188.5
  • Community Features: Short Term Rental Allowed
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Size Sq Ft: 119790000

Multi Family

  • Number Of Units Total: 2
  • Number Of Units Furnished: None

Tax Info

  • Tax Year: 2026

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/11/2026 08/11/26 Price Changed $1,875,000 +92.3% $400 / Sq Ft
08/11/2026 08/11/26 For Sale $975,000 -50.0% $416 / Sq Ft
07/30/2026 07/30/26 For Sale $1,950,000 -- $416 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Source: Central Panhandle Association of REALTORS®

MLS Number: 793872

Central Panhandle Association of REALTORS®
Florida Bay County Panama City 32408

5231 Thomas Dr, Panama City, FL

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.

Central Panhandle Association of REALTORS® 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.

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Steven Thew
Listing Agent
Steven Thew
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TH Coastal Realty
(448) 230-5680
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