NOT LISTED FOR SALE

The Summerhouse Condo 6505 Thomas Dr Unit 706 Panama City Beach, FL 32408

Estimated Value: $597,000 - $785,000

2 Beds
2 Baths
1,470 Sq Ft
$1,440/mo HOA Fee

Last Sold April 23, 2024

Last sale price $800,000 $544 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $5,708/month

3 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Fishing
  • J.R. Arnold High School Rated A-
  • Heated In Ground Pool
  • Clubhouse

About This Home

As of April 2024

Rarely available Summerhouse ''WRAP-A-ROUND'' Unit. Owners seldom turn loose of these coveted units. If VIEWS are important to you then there is not a better one to be found up and down the beach. You can find larger, more upscale units but you can't find a better view on Panama City Beach. Your view is not obstructed by other buildings or anything else in a Summerhouse Wrap. This is a true unobstructed 180 degree view up and down the beach, not only from the 61-foot balcony but from also inside the unit. This large unit has two master suites with two full baths with an oversizeed living area. Summerhouse has a reputation of being a family resort and has guest that have been coming for over 30-years. The unit is nicely furnished and accented. It has been a non-rental family unit for a number of years. If you are interested in rental income then the WRAP units are the first choice among visitors. With normal owner usage rental income should be in the $50K-$60K plus per year. The entire living area, including the extensive balcony is all tiled. Amenities at Summerhouse include two pools, one which is heated, a kiddie pool, hot tub, gulf front gazebo, handicap ramp to the beach, tennis, pickel ball,rachetball, and shuffleboard courts, BBQ area with commercial gas and charcoal grills, a gulf front owners lounge and meeting area, and onsite HOA and rental offices. The Thomas Dr. location makes it convenient to grocery stores, retail and souvenir stores, area restaurants, and close to most of our areas' fishing, diving, and sightseeing fleets.If you are looking for the best view on Panama City Beach you need to see the view from Wrap-A-Round Unit #706 today.

Last Agent to Sell the Property

Greg Taylor

Counts Real Estate Group Inc License #202166 Listed on: 03/19/2024

Counts Real Estate Group Inc

Last Buyer's Agent

Greg Taylor

Saxon R E Consulting Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,005

Year Built

  • Built in 1985

Lot Details

  • Property fronts a highway

HOA Fees

  • $1,440 Monthly HOA Fees

Parking

  • Guest Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Stucco

Interior Spaces

  • 1,470 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Living Room
  • Dining Room

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • 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, cable TV, insurance, legal/accounting, ground maintenance, pest control, recreation facilities, sewer, trash, water
  • High-Rise Condominium
  • Summerhouse Of P.C. 2 Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Game Room
  • Elevator

Recreation

  • Beach
  • Community Spa
  • Fishing
  • Park

Security

  • Security Service
  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,005

Year Built

Built in 1985

Lot Details

0

HOA Fees

$1,440 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1985
  • Property Sub Type: Condominium
  • Lot Size: 1 X 1
  • Road Frontage Type: Highway
  • Subdivision Name: Summerhouse Of P.C. 2
  • Architectural Style: High Rise
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Range Hood, Washer
  • Interior Amenities: Breakfast Bar, Elevator, Split Bedrooms
  • Spa Features: Community
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1470.0
  • Dining Room Type: Dining Room, Kitchen, Living Room, Primary Bedroom
  • ResoLivingAreaSource: Plans

Exterior Features

  • Pool Features: Gunite, Gas Heat, In Ground
  • Waterfront Features: Gulf, Shoreline - Sand, Waterfront
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Exterior Features: Balcony
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Guest, Other
  • Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Security Features: Fire Alarm, Fire Sprinkler System, Key Card Entry, Smoke Detector(s), Security Service
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1440.08
  • Community Features: Barbecue, Beach, Clubhouse, Elevator, Fishing, Game Room, Other, Park, See Remarks, Short Term Rental Allowed, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Legal/Accounting, Maintenance Grounds, Other, Pest Control, Recreation Facilities, Sewer, See Remarks, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Waterfront
  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 7005.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
Apr 17, 2024
Sold by
Grizzard Betty R and Ansel Pamela G
Bought by
Martin Robert E and Martin Elizabeth L
Seller's Agent
Greg Taylor
Counts Real Estate Group Inc
Buyer's Agent
Greg Taylor
Saxon R E Consulting Group
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Views
26
Current Estimated Value
$691,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$108,541
Avg. Annual Appreciation
-9.89%
Original Mortgage
$460,000
Outstanding Balance
$453,376
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$238,083

Purchase Details

Closed on
Oct 26, 2012
Sold by
Grizzard Martin and Grizzard Betty
Bought by
Grizzard Martin and Grizzard Betty

Purchase Details

Closed on
Mar 26, 2010
Sold by
Gray Family Limited Partnership
Bought by
Grizzard Martin and Grizzard Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2010
Sold by
Peck Robert G and Peck Deborah K
Bought by
Grizzard Martin and Grizzard Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2005
Sold by
Lloyd Rayford L and Lloyd Eugenia P
Bought by
Peck Robert G and Peck Deborah K
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Martin Robert E $800,000 Diamond Title
Martin Robert E $800,000 Diamond Title
Grizzard Martin -- None Available
Grizzard Martin $271,000 Diamond Title Agency Inc
Grizzard Martin $271,000 Diamond Title Agency Inc
Peck Robert G $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Robert E $460,000
Closed Martin Robert E $460,000
Previous Owner Grizzard Martin $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2024 04/23/24 Sold $800,000 -5.9% $544 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $850,000 -- $578 / 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 $7,005 $514,445 -- --
2023 $7,005 $467,677 $0 $671,500
2022 $5,425 $425,161 $0 $0
2021 $4,705 $386,510 $0 $0
2020 $4,342 $355,979 $0 $355,979
2019 $4,300 $355,979 $0 $355,979
2018 $4,289 $305,675 $0 $0
2017 $4,032 $277,886 $0 $0
2016 $3,496 $252,624 $0 $0
2015 $3,131 $229,658 $0 $0
2014 $2,849 $208,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Taylor

    Seller's Agent in 2024

    Greg Taylor

    Counts Real Estate Group Inc

    (850) 896-4173

    26 in this area

    37 Total Sales

    Greg Taylor
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About The Summerhouse Condo

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 754498

Central Panhandle Association of REALTORS®

APN: 30585-675-031

Florida Bay County Panama City Beach 32408

6505 Thomas Dr Unit 706, Panama City Beach, FL

This home is located at 6505 Thomas Dr Unit 706, Panama City Beach, FL 32408 since 19 March 2024 and is currently estimated at $691,459, approximately $470 per square foot. This property was built in 1985. 6505 Thomas Dr Unit 706 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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