NOT LISTED FOR SALE

7026 Thomas Dr Panama City, FL 32408

Estimated Value: $1,186,909

8 Beds
8 Baths
3,840 Sq Ft
$309/Sq Ft Est. Value

Last Sold June 07, 2024

Last sale price $1,250,000 $326 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $7,654/month

79 Days on Market

Highlights

  • Newly Painted Property
  • High Ceiling
  • No HOA
  • Patronis Elementary School Rated A-
  • Furnished
  • Balcony

About This Home

As of June 2024

NOW COMPLETED AND FULLY FURNISHED! SOLD AS TURN-KEY VACATION RENTAL HOME! THE MOST DESIRABLE INVESTMENT ON THE CURRENT MARKET - DUPLEX FOR SALE IN A PRIME LOCATION , PERFECT FOR SHORT-TERM RENTALS!Each side (unit A & unit B) of the duplex has 4 bedrooms and 4 full baths, full kitchen on the 1st floor and wet bar on the 2nd floor, dedicated space for bunk beds on both floors, can accommodate up to 14 guests- totaling 28 FOR BOTH SIDES !! THAT'S A RENTAL MACHINE!Upscale new construction thoughtfully planned for vacation rental with 9-foot ceilings, LVP flooring, tiled showers and bathtub-shower combo, 8-ft covered balcony to enjoy morning coffee and 8-ft covered and water resistant patio for big family gatherings and BBQ, plenty of parking on the front and back of the house. Big backyard POOL CAN BE ADDED IN THE FUTURE. SHORT WALK to the beach - only 3min. Thomas Dr is the fastest growing area in PCB with many restaurants, shopping and fun to offer. This is a great opportunity to obtain a quality built investment property just steps from the Most Beautiful White Sands !NO HOA fees! RENTAL READY !SCHEDULE YOUR SHOWING TODAY !

Last Agent to Sell the Property

Nikol Naydenova

Beach Properties Realty License #SL3512048 Listed on: 01/25/2024

Last Buyer's Agent

Bridgett Hall

Counts Real Estate Group Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,857

Year Built

  • Built in 2024

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 50x120
  • Fenced
  • Landscaped

Home Design

  • Duplex
  • Newly Painted Property
  • Slab Foundation
  • Frame Construction
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Furnished
  • High Ceiling
  • Ceiling Fan

Kitchen

  • Electric Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Smart Thermostat
  • Fire and Smoke Detector

Parking

  • Driveway
  • Paved Parking
  • Additional Parking
  • Parking Lot

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • Holiday Beach Unit 12 Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,857

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2024
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.14
  • Lot Size: 50x120
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Holiday Beach Unit 12
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: NewHome

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Freezer, Disposal, Microwave, Refrigerator, Washer
  • Interior Amenities: Wet Bar, High Ceilings, New Paint, Pantry, Smart Thermostat
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Living Area: 3840.0
  • Dining Room Type: Bedroom
  • Stories: 2
  • ResoLivingAreaSource: Plans

Exterior Features

  • Fencing: Fenced, Privacy
  • Waterfront: No
  • Construction Type: Frame, HardiPlank Type, Wood Frame
  • Exterior Features: Built-in Barbecue, Balcony, Covered Patio
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony
  • Roof: Metal

Garage/Parking

  • Parking Features: Additional Parking, Driveway, Paved, Parking Lot
  • Garage: No

Utilities

  • Utilities: Trash Collection, Water Available, Water Connected
  • Security Features: Smoke Detector(s), Security System
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Electric
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Short Term Rental Allowed
  • Association: No

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 6000.0
  • Zoning Description: Commercial,Resid Multi-Family

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 2

Tax Info

  • Tax Annual Amount: 1857.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2025
Sold by
0808 Investments Llc
Bought by
Boyack Philip
Current Estimated Value
$1,186,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Outstanding Balance
$989,163
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$197,746

Purchase Details

Listed on
Jan 25, 2024
Closed on
Jun 7, 2024
Sold by
Gulf Coast Development Llc
Bought by
0808 Investments Llc
Seller's Agent
Nikol Naydenova
Beach Properties Realty
Buyer's Agent
Bridgett Hall
Counts Real Estate Group Inc
List Price
$1,450,000
Sold Price
$1,250,000
Premium/Discount to List
-$200,000
-13.79%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.26%

Purchase Details

Closed on
Feb 21, 2023
Sold by
Rk Development Llc
Bought by
Gulf Coast Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$621,000
Interest Rate
6.13%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Boyack Philip $1,320,000 Defender Title & Escrow
0808 Investments Llc $1,250,000 None Listed On Document
Gulf Coast Development Llc $93,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boyack Philip $990,000
Previous Owner Gulf Coast Development Llc $621,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2024 06/07/24 Sold $1,250,000 -3.5% $326 / Sq Ft
04/14/2024 04/14/24 Pending -- -- --
04/13/2024 04/13/24 Price Changed $1,295,000 -7.2% $337 / Sq Ft
03/06/2024 03/06/24 Price Changed $1,395,000 -3.8% $363 / Sq Ft
01/25/2024 01/25/24 For Sale $1,450,000 -- $378 / 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 -- $148,560 $148,560 --
2023 -- $148,560 $148,560 --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 751847

Central Panhandle Association of REALTORS®

APN: 30803-020-000