$695,000
OPEN SUN 11AM - 2PM

Dunes of Panama 7205 Thomas Dr Unit A105 Panama City, FL 32408

Estimated payment $4,001/month

Total Views 1,290
2 Beds
2 Baths
1,600 Sq Ft
$434 Price per Sq Ft

Highlights

  • Beach
  • Property fronts gulf or ocean
  • In Ground Pool
  • J.R. Arnold High School Rated A-
  • 24-Hour Security
  • 4-minute walk to Rick Seltzer Park

About This Home

Prime Gulf-Front Corner Unit at the Dunes of Panama
Enjoy endless, unobstructed views of the Emerald Coast from every room in this beautiful spacious 2-bedroom, 2-bath Gulf-front condo. With 1,600 sq. ft. of bright, open living space, this corner unit offers panoramic views from the living, dining, kitchen, and both bedrooms. STR - this is a proven income producer, this property generated $99,968 in 2023, $96,050 in 2024, and $77,863 YTD for 2025. Whether you're seeking a luxury beachfront retreat or a strong-performing investment, this Dunes of Panama condo delivers exceptional views and returns. The Dunes of Panama Resort has 1500 linear square feet of sugar white sand, 3 pools, pickleball and tennis courts, basketball court, fitness room, shuffleboard, outdoor BBQ grills, poolside tiki bar, Stingray's restaurant & deli/souvenir shop.

Listing Agent

Paula Reyes

Bright Realty Solutions License #3126205 Listed on: 10/30/2025

Co-Listing Agent

Edgar Barnette

Bright Realty Solutions License #SL3527415

Open House Schedule

  • Sunday, November 02, 2025
    11:00 am to 2:00 pm
    11/2/2025 11:00:00 AM +00:00
    11/2/2025 2:00:00 PM +00:00
    Open house 11:00 am to 2:00 pm. Come see the beautiful gulf views. This corner unit offers panoramic views from the living, dining, kitchen, and both bedrooms.
    Add to Calendar

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,359

Year Built

  • Built in 1974

Interior Spaces

  • Window Treatments
  • Living Room
  • Dining Room
  • Tile Flooring
  • Security Gate

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Gated Parking
  • Paved Parking
  • Parking Lot

Pool

  • In Ground Pool
  • Fence Around Pool

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • High Speed Internet

Additional Features

  • Deck

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, clubhouse, cable TV, insurance, internet, legal/accounting, ground maintenance, maintenance structure, pest control, pool(s), recreation facilities, security, tennis courts, trash, water
  • 63 Units
  • Mid-Rise Condominium
  • Dunes Of Panama Phase I Subdivision
  • 7-Story Property

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Game Room
  • Elevator

Recreation

  • Beach
  • Community Basketball Court
  • Park

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,359

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1974
  • Property Sub Type: Condominium
  • Co List Office Mls Id: BRS
  • Co List Office Phone: 850-400-8638
  • Subdivision Name: Dunes Of Panama Phase I
  • Architectural Style: Mid Rise
  • New Construction: No
  • Building Stories: 7
  • Property Sub Type Additional: Condominium
  • Special Features: 4097
  • Stories: 7

Interior Features

  • Appliances: Dryer, Dishwasher, Ice Maker, Microwave, Refrigerator, Washer
  • Interior Amenities: Kitchen Island, Window Treatments
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Dining Room Type: Dining Room, Living Room
  • Stories: 7

Exterior Features

  • Pool Features: Fenced, In Ground, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand
  • Waterfront: Yes
  • Construction Type: Concrete
  • Exterior Features: Covered Patio
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Paved, Parking Lot, Gated
  • Garage: No
  • Attached Garage: No

Utilities

  • Utilities: Cable Connected, High Speed Internet Available, Trash Collection
  • Security Features: Gated with Guard, 24 Hour Security, Security Gate
  • Cooling: Central Air
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Basketball Court, Beach, Clubhouse, Elevator, Gated, Park, Pool, Tennis Court(s), Short Term Rental Allowed
  • Senior Community: No
  • Amenities: Beach Access, Game Room, Gated, Gazebo, Barbecue
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Clubhouse, Cable TV, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Pool(s), Recreation Facilities, Security, Tennis Courts, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Land Lease: No
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Single Family

Multi Family

  • Number Of Units Total: 63
  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 4359.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Map

About Dunes of Panama

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 $4,349 $328,408 -- --
2023 $4,349 $298,553 $0 $403,750
2022 $3,393 $271,412 $0 $0
2021 $3,047 $246,738 $0 $0
2020 $2,843 $236,725 $0 $236,725
2019 $2,552 $203,915 $0 $203,915
2018 $2,453 $186,065 $0 $0
2017 $2,172 $169,150 $0 $0
2016 $2,059 $157,250 $0 $0
2015 $2,115 $157,250 $0 $0
2014 $2,079 $154,700 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2025 10/30/25 For Sale $695,000 -- $434 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $440,000 Diamond Title Agency Inc
Deed $250,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $330,000 Purchase Money Mortgage
Previous Owner $224,000 Seller Take Back
Source: Public Records

About the Listing Agent

Paula Reyes
Paula Reyes

Bright Realty Solutions

(448) 233-2845

Section Image

As a licensed broker and coastal property expert in Panama City Beach, Florida, I specialize in luxury homes, vacation condos, and income-producing investment properties. With deep knowledge of the local market and a data-driven approach, I help clients identify opportunities that maximize both lifestyle and return. Whether you’re expanding your investment portfolio or searching for the perfect beachfront condo or Gulf Coast home, I’m here to provide expert guidance, professional service, and

View Paula's Profile

Paula's Other Listings

  • 9028 Banyan Beach Dr, Panama City Beach, FL 32408

    $270,000 Sold Feb 14, 2025

    • 3 Beds
    • 2.5 Baths
    • 1,424 Sq Ft
    • 9028 Banyan Beach Dr
    • Panama City Beach, FL

    UNDER CONTRACT. SELLER WILL CONSIDER BACK UP OFFERS. No association dues. This 3 bedroom, 2.5 bath end-unit home, featuring a single car garage, is ideally located less than half a mile from the beautiful Gulf of Mexico. Recent upgrades include a new roof installed in January 2023. The home boasts an open floor plan with LVP flooring throughout, and a fresh coat of paint in every room. Enjoy the

    Paula Reyes Bright Realty Solutions

Source: Central Panhandle Association of REALTORS®

MLS Number: 780999

Central Panhandle Association of REALTORS®

APN: 30840-006-000

Florida Bay County Panama City 32408

7205 Thomas Dr Unit A105, Panama City, 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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Paula Reyes
Paula Reyes
Listing Agent Section Image
Bright Realty Solutions
(448) 233-2845