NOT LISTED FOR SALE

5801 Thomas Dr Unit 801 Panama City Beach, FL 32408

Estimated Value: $566,000 - $602,000

3 Beds
2 Baths
1,560 Sq Ft
$1,000/mo HOA Fee

Last Sold July 19, 2024

Last sale price $392,000 $251 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,366/month

16 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • 24-Hour Security
  • J.R. Arnold High School Rated A-
  • Deeded access to the beach
  • 3-minute walk to Regency Towers Dog Run

About This Home

As of July 2024

**Spectacular Gulf Views Await Your Vision**Discover the limitless potential of coastal living in this very spacious 3-bedroom, 2-bathroom condo, perched on the 8th floor. Regency Towers offers 2 Gorgeous gulf front pools with an island tiki bar, jacuzzi, exercise room, recreation room and much more which makes this a vacationers dream. While this condo currently awaits an update, it provides an ideal canvas for those with a creative spirit. The Gulf-facing balcony invites you to embrace the sea breeze and witness the breathtaking beauty of the coastline. With beach access just steps away, you can enjoy the pristine shoreline, and nearby dining and entertainment options ensure you're never far from local amenities.

Last Agent to Sell the Property

Kelly Killick

EXP Realty LLC License #3555354 Listed on: 03/29/2024

EXP Realty LLC

Co-Listed By

Dien and Andrew Group

Think Real Estate License #SL3466729

Last Buyer's Agent

Kelly Killick

Coldwell Banker Realty License #3555354

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,350

Year Built

  • Built in 1982

Lot Details

  • 610

HOA Fees

  • $1,000 Monthly HOA Fees

Home Design

  • 1,560 Sq Ft Home

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Gated Parking
  • Additional Parking
  • Parking Lot

Outdoor Features

  • In Ground Pool
  • Deeded access to the beach
  • Balcony

Schools

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

Additional Features

  • Stacked Washer and Dryer
  • Property fronts gulf or ocean
  • Central Heating and Cooling System

Community Details

Overview

  • Association fees include management, clubhouse, cable TV, insurance, ground maintenance, pool(s), sewer, security, trash, water
  • High-Rise Condominium
  • Regency Towers Subdivision

Amenities

  • Picnic Area
  • Sauna
  • Clubhouse
  • Game Room
  • Elevator

Recreation

  • Beach
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,350

Year Built

Built in 1982

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • Property Sub Type: Condominium
  • Co List Office Mls Id: TRE1
  • Co List Office Phone: (850) 270-4200
  • Subdivision Name: Regency Towers
  • Architectural Style: High Rise
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Electric Oven, Electric Range, Microwave
  • Spa Features: Community
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1560.0
  • Dining Room Type: Bedroom
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: In Ground, Community
  • Waterfront Features: Gulf, Waterfront
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Additional Parking, Gated, Parking Lot
  • Garage: No

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Security Features: Gated with Guard, 24 Hour Security, Security Service
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 2999.0
  • Community Features: Beach, Clubhouse, Elevator, Fitness Center, Game Room, Other, Sauna, See Remarks, Short Term Rental Allowed, Waterfront, Pool
  • Amenities: Beach Rights, Picnic Area
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Association Management, Clubhouse, Cable TV, Insurance, Maintenance Grounds, Pool(s), Sewer, Security, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Waterfront

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 3350.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2025
Sold by
Encourage Equity Llc
Bought by
Nilsen Timothy Norman
Current Estimated Value
$579,342

Purchase Details

Listed on
Mar 29, 2024
Closed on
Jul 19, 2024
Sold by
Bogosian Sonia and Kesaian Seda
Bought by
Encourage Equity Llc
Seller's Agent
Kelly Killick
EXP Realty LLC
Buyer's Agent
Kelly Killick
EXP Realty LLC
List Price
$458,000
Sold Price
$392,000
Premium/Discount to List
-$66,000
-14.41%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.04%
Original Mortgage
$294,000
Interest Rate
6.99%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Nilsen Timothy Norman $580,000 South Oak Title
Encourage Equity Llc $392,000 Clear Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Encourage Equity Llc $294,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $392,000 -14.4% $251 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
04/08/2024 04/08/24 Price Changed $457,999 0.0% $294 / Sq Ft
03/30/2024 03/30/24 For Sale $458,000 -- $294 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

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 $3,350 $312,913 -- --
2023 $3,350 $303,799 $0 $0
2022 $3,011 $294,950 $0 $294,950
2021 $2,726 $223,975 $0 $223,975
2020 $2,740 $238,202 $0 $238,202
2019 $2,388 $190,561 $0 $190,561
2018 $2,695 $200,558 $0 $0
2017 $2,338 $182,325 $0 $0
2016 $2,533 $194,225 $0 $0
2015 $2,464 $179,988 $0 $0
2014 $2,197 $163,625 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kelly Killick

    EXP Realty LLC

    (850) 319-5132

    3 in this area

    48 Total Sales

    Kelly Killick
    Section Image

  • D

    Seller Co-Listing Agent in 2024

    Dien and Andrew Group

    Think Real Estate

    (850) 600-0605

    1 in this area

    94 Total Sales

    Dien and Andrew Group
    Section Image
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 754993

Central Panhandle Association of REALTORS®

APN: 32382-258-000

Florida Bay County Panama City Beach 32408

5801 Thomas Dr Unit 801, Panama City Beach, FL

This home is located at 5801 Thomas Dr Unit 801, Panama City Beach, FL 32408 since 29 March 2024 and is currently estimated at $579,342, approximately $371 per square foot. This property was built in 1982. 5801 Thomas Dr Unit 801 is a home located in Bay County with nearby schools including J.R. Arnold High School, Surfside Middle School, and Patronis Elementary School.

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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