$482,000
$11K PRICE DROP

6505 Thomas 505 Dr Unit 505A Panama City Beach, FL 32408

Estimated payment $4,380/month

Total Views 4,437
2 Beds
2 Baths
1,074 Sq Ft
$449 Price per Sq Ft

Highlights

  • 24-Hour Security
  • In Ground Pool
  • Waterfront
  • J.R. Arnold High School Rated A-
  • Gulf View
  • Furnished

About This Home

TRUE TURNKEY short-term rental condo, beachfront, fully renovated and ready for an investor to take over. RENTAL MACHINE with NET rentals of $73K in 2024 and pacing above that for 2025. We post NET rentals, vs. industry standards to post gross, which include fees and taxes. When including those, gross rentals for this unit were +90K in 2024. Can provide receipts. The unit is almost fully booked through June and bookings could pass along to the buyer. Owner self-manages this unit plus 6 other properties in the area with excellent results all around. Owner can offer property management for the buyer if interested. Selling due to a personal situation that requires cash ASAP. Buyer to verify measurements as needed.

Listing Agent

Jonathan Minerick

HomeCoin.com License #BK3477996 Listed on: 03/11/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,897

Year Built

  • Built in 1984

Lot Details

  • Waterfront

HOA Fees

  • $1,404 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,074 Sq Ft Home
  • Furnished
  • Living Room
  • Gulf Views
  • Smart Thermostat
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • 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 internet, pool(s), security, water
  • The Summerhouse Of P.C. I Subdivision

Recreation

  • Community Pool

Additional Features

  • Game Room
  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,897

Year Built

Built in 1984

Lot Details

0

HOA Fees

$1,404 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Property Sub Type: Condominium
  • Lot Size: 0
  • Road Surface Type: Paved
  • Subdivision Name: The Summerhouse Of P.C. I
  • Entry Level: 5
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Trash Compactor
  • Interior Amenities: Elevator, Smart Thermostat
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1074.0
  • Dining Room Type: Bedroom, Kitchen, Living Room, Primary Bedroom

Exterior Features

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

Garage/Parking

  • Parking Features: Parking Lot
  • Garage: No

Utilities

  • Security Features: 24 Hour Security
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1404.0
  • Community Features: Short Term Rental Allowed, Pool
  • Senior Community: No
  • Amenities: Game Room
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Internet, Pool(s), Security, Water

Schools

  • Middle Or Junior School: Surfside

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 4897.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Map

Range of Values:

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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 $4,257 $395,250 -- $395,250
2023 $4,257 $289,343 $0 $398,650
2022 $3,389 $263,039 $0 $0
2021 $2,908 $239,126 $0 $239,126
2020 $2,685 $217,387 $0 $217,387
2019 $2,548 $203,553 $0 $203,553
2018 $2,732 $215,050 $0 $0
2017 $2,611 $204,000 $0 $0
2016 $2,604 $199,750 $0 $0
2015 $2,587 $186,447 $0 $0
2014 $2,336 $169,497 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Price Changed $482,000 -2.2% $449 / Sq Ft
05/13/2025 05/13/25 For Sale $493,000 0.0% $459 / Sq Ft
05/13/2025 05/13/25 Pending -- -- --
03/11/2025 03/11/25 For Sale $493,000 -- $459 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $490,000 Defender Title & Escrow
Warranty Deed $245,000 Purposes Of Title Ins
Interfamily Deed Transfer -- Attorney
Quit Claim Deed -- Attorney
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $367,500 New Conventional
Previous Owner $183,750 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: Central Panhandle Association of REALTORS®

MLS Number: 770166

Central Panhandle Association of REALTORS®

APN: 30585-649-000

Florida Bay County Panama City Beach 32408

6505 Thomas 505 Dr Unit 505A, Panama City Beach, FL

This home is located at 6505 Thomas 505 Dr Unit 505A, Panama City Beach, FL 32408 and is currently priced at $482,000, approximately $448 per square foot. This property was built in 1984. 6505 Thomas 505 Dr Unit 505A 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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Jonathan Minerick
Listing Agent
Jonathan Minerick
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