$1,500,000

5518 Thomas Dr P C Beach, FL 32408

Estimated payment $8,233/month

Total Views 266
0.51 Acre
$2,941,176 Price per Acre
22,216 Sq Ft Lot

Highlights

  • Property fronts gulf or ocean
  • 0.51 Acre Lot
  • No HOA
  • J.R. Arnold High School Rated A-
  • Corner Lot

About This Lot

This is your chance to secure a rare development opportunity along the highly sought-after Thomas Drive business corridor.
An exceptional .51-acre site (three combined lots: 100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. This unique configuration provides access from three road fronts, offering excellent visibility and accessibility for future development.
•Zoned C-1 (Neighborhood Commercial) - allows for a wide range of commercial, mixed-use, and multifamily opportunities
•Density: Up to 15 units per acre
•Not in a flood zone, yet just 500 feet from the Gulf of Mexico
•Gulf views possible from a multi-story structure
•Surrounded by new homes, high-rise condos, restaurants, close to public beach access (#9), and major attractions
•Ideal for commercial retail, short-term rentals, townhomes, or a mixed-use development
A three-story building on this site would capture breathtaking Gulf views, making it perfect for a boutique hotel, retail center, or luxury residential units. Buyer should verify all details related to this property. Property includes 3 parcels- 32362-000-000; 31857-000-000; 31856-000-000

Listing Agent

Beth Christie

Local Insight Realty License #3065345 Listed on: 11/03/2025

Co-Listing Agent

Ramil Zartdinov

Local Insight Realty License #3315537

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,746

Lot Details

  • 0.51 Acre Lot
  • Property fronts gulf or ocean
  • Property fronts a county road
  • Corner Lot
  • Zoning described as General Commercial

Community Details

  • No Home Owners Association
  • Gulf Lagoon Beach Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$3,746

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Commercial
  • Lot Size Acres: 0.51
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: LIR
  • Co List Office Phone: 850-832-9417
  • Subdivision Name: Gulf Lagoon Beach
  • Property Sub Type Additional: Commercial,Unimproved Land
  • Special Features: None

Exterior Features

  • Waterfront Features: Gulf
  • Waterfront: Yes

Utilities

  • Utilities: Water Available

Condo/Co-op/Association

  • Amenities: Beach Access
  • Association: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 22000.0
  • Mobile Dim Units: Feet
  • Zoning Description: General Commercial

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $3,746 $299,597 $299,596 $1
2023 $3,746 $299,597 $299,596 $1
2022 $2,611 $158,655 $0 $0
2021 $1,635 $119,472 $0 $0
2020 $1,410 $123,421 $123,420 $1
2019 $1,297 $112,201 $112,200 $1
2018 $1,124 $89,761 $0 $0
2017 $1,131 $89,761 $0 $0
2016 $1,108 $86,351 $0 $0
2015 $1,115 $84,480 $0 $0
2014 $1,179 $89,481 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 For Sale $1,500,000 -- --
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $825,000 --
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $618,750 New Conventional
Source: Public Records

Source: Central Panhandle Association of REALTORS®

MLS Number: 781168

Central Panhandle Association of REALTORS®

APN: 32362-000-000

Florida Bay County Lower Grand Lagoon 32408

5518 Thomas Dr, Lower Grand Lagoon, FL

For Sale

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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Beth Christie
Listing Agent
Beth Christie
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Local Insight Realty
(448) 202-7098