5518 Thomas Dr P C Beach, FL 32408
Estimated payment $7,729/month
Highlights
- Gulf View
- 0.51 Acre Lot
- No HOA
- Patronis Elementary School Rated A-
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
Property Details
Property Type
- Land
Lot Details
- 22,000 Sq Ft Lot
- Property fronts a county road
- Zoning described as General Commercial
Property Views
- Gulf 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 | $3,682 | $299,597 | $299,596 | $1 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2026 03/31/26 | Price Changed | $1,400,000 | -6.7% | -- |
| 11/03/2025 11/03/25 | For Sale | $1,500,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $825,000 | -- | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $618,750 | New Conventional |
Source: Central Panhandle Association of REALTORS®
MLS Number: 781168
APN: 32362-000-000
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.
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Ask me questions while you tour the home.