NOT LISTED FOR SALE

Dunes of Panama 7205 Thomas Dr Unit 1002 Panama City Beach, FL 32408

Estimated Value: $451,894 - $512,000

2 Beds
2 Baths
1,050 Sq Ft
1985 Built

Sale Details

Date Sold: May 20, 2022

Last sale price $525,000 $500 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,029 / mo

24 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Gated Community
  • Patronis Elementary School Rated A-
  • 24-Hour Security
  • 4-minute walk to Rick Seltzer Park

About This Home

As of May 2022

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS Rental Projections $55K. Beautifully updated gulf front 2 bdr/2bth condo with a deeded covered parking space. Fantastic gulf views. Turnkey rental ready. The brand new sliding doors and windows were just installed last spring adding a tremendous value to the new buyers. The Dunes of Panama offers 3 Pools, Tennis Courts, Basketball, Free WiFi, Fitness room, Volleyball, Shuffleboard, Outdoor BBQ grills, Deli and Souvenir Shop. Chair and Beach rental services, and much more. Measurements are appx. Please verify if important

Last Agent to Sell the Property

Colleen Barnette

Bright Realty Solutions License #3527441 Listed on: 04/22/2022

Co-Listed By

Edgar Barnette

Bright Realty Solutions License #SL3527415

Last Buyer's Agent

Kelly Anderson

Christies International Real Estate Emerald Coast

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,359

Year Built

  • Built in 1985

Lot Details

Parking

  • 1 Car Garage
  • Parking Lot

Interior Spaces

  • Ceiling Fan
  • Living Room
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Schools

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

Utilities

  • Central Air
  • Electric Water Heater

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Community
  • Dunes Of Panama Phase V Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Elevator

Recreation

  • Beach

Security

  • 24-Hour Security
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,359

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1985
  • Property Sub Type: Condominium
  • Co List Office Mls Id: BRS
  • Co List Office Phone: 850-400-8638
  • Subdivision Name: Dunes Of Panama Phase V
  • Architectural Style: High Rise
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Dining Room Type: Living Room, Primary Bedroom

Exterior Features

  • Pool Features: Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand
  • Waterfront: Yes
  • Exterior Features: Covered Patio
  • Patio And Porch Features: Balcony, Deck

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Parking Lot
  • Garage: Yes
  • Attached Garage: No

Utilities

  • Utilities: Cable Connected
  • Security Features: Gated Community, 24 Hour Security, Security Guard, Security Service
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Beach, Clubhouse, Elevator, Fitness Center, Pool, Tennis Court(s), Waterfront, Gated, Short Term Rental Allowed
  • Amenities: Other, See Remarks, Gated, Gazebo, Barbecue, Picnic Area
  • Association: Yes

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Mobile Dim Units: Feet

Multi Family

  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 3359.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2022
Closed on
Jul 11, 2022
Sold by
Bought by
Seller's Agent
Colleen Barnette
Bright Realty Solutions
Buyer's Agent
Kelly Anderson
Christies International Real Estate Emerald Coast
List Price
$539,000
Sold Price
$525,000
Premium/Discount to List
-$14,000
-2.6%
Current Estimated Value
$477,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,526
Avg. Annual Appreciation
-2.27%

Purchase Details

Listed on
Apr 22, 2022
Closed on
May 20, 2022
Sold by
Bought by
Seller's Agent
Colleen Barnette
Bright Realty Solutions
Buyer's Agent
Kelly Anderson
Christies International Real Estate Emerald Coast
List Price
$539,000
Sold Price
$525,000
Premium/Discount to List
-$14,000
-2.6%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$100 Williams Jack G
$525,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $130,000
Closed $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/18/2022 08/18/22 Off Market $525,000 -- --
05/20/2022 05/20/22 Sold $525,000 -2.6% $500 / Sq Ft
05/02/2022 05/02/22 For Sale $539,000 0.0% $513 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $539,000 -- $513 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,576 $368,155 -- $368,155
2024 $5,619 $450,500 -- $450,500
2023 $5,619 $446,250 $0 $446,250
2022 $3,626 $290,552 $0 $0
2021 $3,359 $264,138 $0 $0
2020 $2,961 $240,125 $0 $240,125
2019 $2,815 $225,250 $0 $225,250
2018 $2,609 $205,275 $0 $0
2017 $2,450 $191,250 $0 $0
2016 $2,477 $179,685 $0 $0
2015 $2,403 $163,350 $0 $0
2014 $2,285 $148,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Colleen Barnette

    Bright Realty Solutions

    (704) 650-5878

    22 Total Sales

    Colleen Barnette
    Section Image

  • E

    Seller Co-Listing Agent in 2022

    Edgar Barnette

    Bright Realty Solutions

    (704) 507-4102

    25 Total Sales

    Edgar Barnette
    Section Image

  • K

    Buyer's Agent in 2022

    Kelly Anderson

    Christies International Real Estate Emerald Coast

See All Agents

About Dunes of Panama

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 724781

Central Panhandle Association of REALTORS®

APN: 30840-800-000

Florida Bay County Panama City Beach 32408

7205 Thomas Dr Unit 1002, Panama City Beach, FL

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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