5801 Thomas Dr Unit 501 Panama City, FL 32408
Estimated payment $4,630/month
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
You HAVE TO SEE this stunning 3-bedroom, 2-bath Gulf view condo with over 1,500 sq. ft.! Completely renovated and turnkey, it comes furnished to easily accommodate plenty of guests. With its open layout and modernistic coastal vibes, this is one of the NICEST condos at Regency Towers! Investment property doing over $60k a year, or a beach getaway for your family, it features a fully renovated kitchen, completely renovated bathrooms, new quartz countertops, new luxury vinyl plank flooring, new durable paint, new custom tiled showers, and the addition of a fireplace that adds to its homely feel. Priced as one of the most cost efficient, updated 3-bedroom condos on the beach, this is a MUST SEE. Panama City Beach is famed for its white-sand beaches and emerald waters of the Gulf of Mexico. Regency Towers is a private, gated resort located on the family friendly East end and the resort offers two large pools (heated in winter), a hot tub, Bikini Bob's bar and grill, fitness room, boardwalk, easy beach access, and a truly welcoming feeling! All measurements are appox, and should be verified by agent/buyer.
Listing Agent
Coastal Heritage Real Estate LLC License #BK3246117 Listed on: 02/03/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,619
Year Built
- Built in 1982
Lot Details
- Property fronts gulf or ocean
- Security Fence
HOA Fees
- $998 Monthly HOA Fees
Parking
- Parking Lot
Home Design
- Entry on the 5th floor
- Flat Roof Shape
- Slab Foundation
- Stucco
Interior Spaces
- 1,560 Sq Ft Home
- Furnished
- Ceiling Fan
- Recessed Lighting
- Electric Fireplace
- Gulf Views
- Washer
Kitchen
- Breakfast Bar
- Electric Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Home Security
Outdoor Features
- In Ground Pool
- Deeded access to the beach
- Balcony
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
Overview
- Association fees include management, clubhouse, internet, legal/accounting, ground maintenance, pest control, pool(s), sewer, security, trash, water
- High-Rise Condominium
- Regency Towers Subdivision
Amenities
- Community Barbecue Grill
- Clubhouse
- Meeting Room
- Elevator
Recreation
- Beach
- Community Pool
- Community Spa
Security
- 24-Hour Security
- Gated Community
- Fire and Smoke Detector
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 |
|---|---|---|---|---|
| 2024 | $5,619 | $446,250 | -- | $446,250 |
| 2023 | $5,619 | $446,250 | $0 | $446,250 |
| 2022 | $3,001 | $220,614 | $0 | $0 |
| 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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | Price Changed | $599,000 | -4.2% | $384 / Sq Ft |
| 04/09/2025 04/09/25 | Price Changed | $625,000 | -3.1% | $401 / Sq Ft |
| 03/24/2025 03/24/25 | Price Changed | $645,000 | -2.3% | $413 / Sq Ft |
| 02/03/2025 02/03/25 | For Sale | $660,000 | 0.0% | $423 / Sq Ft |
| 02/03/2025 02/03/25 | Off Market | $660,000 | -- | -- |
| 01/27/2025 01/27/25 | Price Changed | $660,000 | -2.2% | $423 / Sq Ft |
| 01/08/2025 01/08/25 | Price Changed | $675,000 | -3.4% | $433 / Sq Ft |
| 10/18/2024 10/18/24 | For Sale | $699,000 | +45.6% | $448 / Sq Ft |
| 07/27/2022 07/27/22 | Off Market | $480,000 | -- | -- |
| 04/25/2022 04/25/22 | Sold | $480,000 | +1.1% | $308 / Sq Ft |
| 04/10/2022 04/10/22 | Pending | -- | -- | -- |
| 04/08/2022 04/08/22 | For Sale | $475,000 | -- | $304 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $148,000 | First American Title Insuran | |
| Trustee Deed | -- | None Available | |
| Trustee Deed | $10,100 | None Available | |
| Warranty Deed | $230,000 | Lanco Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Construction | |
| Previous Owner | $165,000 | Credit Line Revolving | |
| Previous Owner | $220,000 | Unknown | |
| Previous Owner | $184,000 | Purchase Money Mortgage |
Source: Central Panhandle Association of REALTORS®
MLS Number: 763986
APN: 32382-220-000
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