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7205 Thomas Drive 1206, Panama City Beach, FL 32408

Dunes Of Panama Phase V · Bay County

Key Facts

3Beds
2Baths
1,975Sq Ft
1985Year Built
1Garage

Description

Under $350 per foot for a gulf front unit! Rare Corner Unit with HUGE Wrap-Around Balcony and panoramic views! Gulf-Front 3-Bedroom + Bunk Room Condo with a deeded covered parking space! This spacious corner/end-unit in the highly desired Building E offers approximately 1,975 sq ft of heated and cooled living space with Floor-to-ceiling glass sliders that open to balconies from all three gulf-front bedrooms, delivering stunning emerald-green views from every room. The dramatic living area features a full wall of glass doors overlooking the Gulf, with the dining space positioned perfectly for emerald views. The kitchen sits just behind, offering ample cabinet and countertop space--so you can cook while enjoying the beach scenery. A thoughtful split floor plan provides excellent privacy: the master suite (with gulf views and two closets) is separated from the guest bedrooms. The master also includes a flexible bonus room that currently serves as a sleeping room but can easily convert into a walk-in closet, office or bunk room! Along the second hallway, you'll find two generous guest bedrooms--one with its own private balcony and the other comfortably accommodating two queen beds and glass sliders leading to the balcony. This flexible layout sleeps 10 guests comfortably, or up to 12-14 when using the bonus room as bunk space. There is also a full bathroom along this hallway. Additional features include: A convenient walk-in laundry room near the entry Deeded covered parking space in the garage Resort amenities are excellent: a beachfront café, beach bar, two heated pools (including one large pool), tennis court, pickleball court, gated security, and direct beach access. Short-term rentals are allowed, making this an outstanding investment property or second home. Priced extremely well with plenty of room to personalize and update to your taste, this rare gulf-front corner unit offers expansive views and endless possibilities on the beautiful Emerald Coast.

Property Information

Property Type

Residential

Sub-Type

Condominium

Style

HighRise

Year Built

1985

Living Area

1,975 sq ft

Lot Dimensions

0X0

Garage Spaces

1

Days on Market

93

MLS® Listing#

788474

Property Features

Exterior

Balcony

Appliances

Electric CooktopElectric OvenElectric RangeElectric Water Heater

Cooling

Central Air

Heating

Central

Pool

Electric HeatCommunity

Lot Features

Waterfront

Security

24 Hour Security

Community

PoolFitness CenterTennis Court(s)

Utilities

Cable Connected

Sewer

Public Sewer

Rooms

  • 17 x 16First
  • Bedroom14 x 13First
  • Bedroom15 x 13First
  • Kitchen10 x 9First

Schools

Elementary:
Patronis
Middle:
Surfside
High:
Arnold

Financial Details

HOA

Yes

Parcel Number

30840-816-000

Directions

After crossing the Hathaway Bridge, continue a short distance and turn left directly onto Thomas Drive at the second traffic light. Then drive east/southeast on Thomas Drive until you reach 7205 (Dunes of Panama will be on your right or left depending on exact approach -- about 2-3 miles total on Thomas Dr).

Affordability Calculator

$136,800

Estimated monthly payment

$3,641/mo

Principal $547,200 · Est. interest $763,393 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Panama City Beach, FL

$471,570
Median Listing Price
112
Median Days on Market
1,459
Median Sq Ft
$348
Median Price / Sq Ft
31,346
Active Listings
  • This home’s price is 45% above the area median.
  • Its price per sq ft is right around the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Panama City Beach, FL.

Location

Map showing the location of 7205 Thomas Drive 1206, Panama City Beach, FL 32408

Points of Interest in Panama City Beach, FL

Showing the Panama City Beach area map.

Nearby Schools

  • Patronis Elementary School

    Elementary · 1.1 mi away

  • Twisted Fork Culinary Classroom

    School · 1.8 mi away

  • St Bernadette Early Childhood Development Center

    School · 2.5 mi away

  • Primary Prep School

    Elementary · 2.5 mi away

  • Learning Tree II-Child Development Center

    School · 3.2 mi away

  • Stacey's Fun in the Sun Preschool 2 Inc.

    School · 3.2 mi away

  • Breakfast Point Academy

    School · 3.7 mi away

  • Arnold Pre K

    Secondary · 3.9 mi away

  • JR Arnold High School

    Secondary · 4.0 mi away

  • Surfside Kids Academy

    School · 4.4 mi away

  • Lucille Moore Elementary School

    Elementary · 4.5 mi away

  • St Andrew School

    School · 4.6 mi away

  • Hutchison Beach Elementary School

    Elementary · 4.7 mi away

  • St. Andrew School at Oakland Terrace

    Elementary · 5.1 mi away

  • Oakland Terrace School for the Arts

    School · 5.1 mi away

  • St John Catholic School

    School · 5.3 mi away

  • Gulf Coast School for Autism

    School · 5.3 mi away

  • Renaissance School International

    School · 5.3 mi away

  • Bacot Academy

    School · 5.5 mi away

  • Covenant Christian School

    School · 5.6 mi away

Commute Calculator

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Moving Cost Estimate

EXIT Agents in Panama City Beach

Listing Courtesy: Blue Bird Woliver Realty - 8506301143

The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Central Panhandle Association of REALTORS®. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by CentralPanhandleAssociationOfRealtors. MLS® Listing#788474. © 2026EXIT Realty®. All rights reserved.