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8319 Thomas Drive, Panama City Beach, FL 32408 (MLS# 1003734)

8319 Thomas Drive, Panama City Beach, FL 32408

$895,000
Property Type: Residential Bedrooms: 3 Baths: 5 Square Footage: 2,244 Lot Size (sq. ft.): 3,049 Status: Active
Current Price: $895,000 List Date: 5/22/2026 Last Modified: 8/06/2026

Description

FINANCIAL POWERHOUSE! This prime beachside asset commands an Estimated Annual Gross Rental Revenue between $85,000 - $90,000. Designed for compounding returns, this revenue is projected to increase year-over-year. By capturing highly valuable repeat guests, you will maximize occupancy rates and secure a rapidly increasing ROI from day one. Full historical data (coming soon) and future projections are available upon request. This highly-rated VRBO property is in the top 10% of guest reviews for the area, with 139 reviews in total. LUXURY COASTAL LIVING MEETS A LEGACY OF MEMORIES. This isn't just a beach house; it is a ''Love-Held'' sanctuary where generations have gathered to discover the very best of Northwest Florida. From the quiet shores of Cape San Blas to the historic charm of Pensacola, this home has served as the ultimate home base for family reunions and life-changing adventures. The current owners' children are reluctant to let it go--and for good reason. It has been a magical learning environment where the kids grew up alongside the Gulf, learning the pride of homeownership and the joy of coastal stewardship. While the family is ready to move on to their next chapter, they leave behind a home filled with soul and a foundation built for a lifetime of new traditions. PRISTINE BEACHSIDE ELEGANCE JUST STEPS FROM THE SHORE. Located on the coveted beach side of Thomas Drive--just three lots off the emerald waters--this 2,934 (total sq. ft.) Tuscan-inspired residence

Supplements: offers breathtaking Gulf views from the third level. The interior is a masterclass in luxury, featuring 10-foot ceilings on the first floor, granite countertops, and high-end stainless appliances. Designed to sleep 10, the layout includes three large bedrooms plus two built-in bunk areas, ensuring plenty of space for everyone to spread out. With four covered balconies, two electric fireplaces for ambience/light only, a jetted master tub, every detail has been curated for comfort and sophisticated beach living. YOUR PRIVATE OUTDOOR OASIS WITH UNMATCHED UTILITY. Step outside into your own private retreat featuring a gunite pool, recently upgraded with a new pump and filter (2022). This ''Twin Home'' attached single unit offers a rare advantage: a solid concrete divider wall that ensures absolute privacy and zero sound transfer between sides. Unlike most beach properties, parking is never an issue here. The expansive driveway accommodates up to 8 vehicles (4 side, 4 front), providing ample space to park your RV or boat right on the property--a true rarity so close to the Gulf. A TURN-KEY, COMPLETELY FURNISHED INVESTMENT. Whether you are seeking a premier primary residence or a high-performing vacation asset, this property is being sold fully furnished and ready to deliver from day one. The home features a brand-new downstairs water heater (2024), and a newer upstairs HVAC. Perfectly positioned in the quieter area of Panama City Beach, you are just a short drive from the world-class dining and shopping of 30A, Destin, Mexico Beach and Port St. Joe, while remaining tucked away in a peaceful, highly flexible coastal pocket.

More Information MLS# 1003734

General Property Info

userdefined76: 0 Sub-Type: Attached Single Unit Design: Duplex SqFt Source: County PA Records Immediate Occupancy: No Garage: No Carport: No Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 2244 Bedrooms: 3 Full Baths: 3 Half Baths: 2 Total Bathrooms: 5 # Stories: 3 Year Built: 2007 Acreage: 0.07

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 398.84 List Date: 2026-05-16 Current Price: $895,000 List Price: $895,000

Location, Tax and Legal

Sub Area: 2723 - Beach - South of Grand Lagoon Elementary School: Hutchinson Beach Middle School: Surfside High School: Arnold Legal Description: BEL AIR ELY 1/2 OF LOT 5 BLK 13 DESC AS BEG E COR LOT 5 BLK 13 TH NWLY ALG S ROW OF THOMAS DR 23.81', SWLY 119.93', SELY 25.37' TO W ROW LI OF ALBACORE TH 119.90' TO POB ORB 3294 P 1552

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 5604.62 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: FINANCIAL POWERHOUSE! This prime beachside asset commands an Estimated Annual Gross Rental Revenue between $85,000 - $90,000. Designed for compounding returns, this revenue is projected to increase year-over-year. By capturing highly valuable repeat guests, you will maximize occupancy rates and secure a rapidly increasing ROI from day one. Full historical data (coming soon) and future projections are available upon request. This highly-rated VRBO property is in the top 10% of guest reviews for the area, with 139 reviews in total. LUXURY COASTAL LIVING MEETS A LEGACY OF MEMORIES. This isn't just a beach house; it is a ''Love-Held'' sanctuary where generations have gathered to discover the very best of Northwest Florida. From the quiet shores of Cape San Blas to the historic charm of Pensacola, this home has served as the ultimate home base for family reunions and life-changing adventures. The current owners' children are reluctant to let it go--and for good reason. It has been a magical learning environment where the kids grew up alongside the Gulf, learning the pride of homeownership and the joy of coastal stewardship. While the family is ready to move on to their next chapter, they leave behind a home filled with soul and a foundation built for a lifetime of new traditions. PRISTINE BEACHSIDE ELEGANCE JUST STEPS FROM THE SHORE. Located on the coveted beach side of Thomas Drive--just three lots off the emerald waters--this 2,934 (total sq. ft.) Tuscan-inspired residence

Waterfront

Gulf: 1 Waterfront Feet: 0

Construction Status

Construction Complete: 1

Waterview

Gulf: 1

Lot/Parcel Access

County Road: 1 Paved Road: 1

Lot Features

Within 1/2 Mile to Water: 1

Construction/Siding

Roof Metal: 1 Siding CmntFbrHrdBrd: 1 Stucco: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1

Zoning

Commercial: 1 Resid Multi-Family: 1

Exterior

Balcony: 1 Columns: 1 Deck Open: 1 Patio Open: 1 Pool - In-Ground: 1 Porch Open: 1

Interior

Ceiling Crwn Molding: 1 Washer/Dryer Hookup: 1

Financing

Conventional: 1 FHA: 1 VA: 1

Appliances

Dishwasher: 1 Disposal: 1 Microwave: 1 Oven Self Cleaning: 1 Range Hood: 1 Refrigerator W/IceMk: 1 Smoke Detector: 1 Stove/Oven Electric: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1

Master Bedroom

Second: 1 Third: 1

Bedroom

Second: 1

Kitchen

First: 1

Living Room

First: 1

Rooms

Bedroom: 1 Dining Room: 1 Kitchen: 1 Living Room: 1 Master Bedroom: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 27 - Bay County Street #: 8319 Street Name: Thomas Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Project Name/Subdivision: THE COTTAGES OF ALBACORE VILLAGE Parcel ID: 30365-010-000

Property Features

Construction Status: Construction Complete Lot Features: Within 1/2 Mile to Water Zoning: Commercial; Resid Multi-Family Waterfront: Gulf Waterview: Gulf Exterior: Balcony; Columns; Deck Open; Patio Open; Pool - In-Ground; Porch Open Interior: Ceiling Crwn Molding; Washer/Dryer Hookup Appliances: Dishwasher; Disposal; Microwave; Oven Self Cleaning; Range Hood; Refrigerator W/IceMk; Smoke Detector; Stove/Oven Electric Utilities: Electric; Public Sewer; Public Water Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric Master Bedroom: Second; Third Bedroom: Second Kitchen: First Living Room: First Rooms: Bedroom; Dining Room; Kitchen; Living Room; Master Bedroom Financing: Conventional; FHA; VA

Room Information

Dining Room Level: First Dimensions: 13 x 14 Length: 13.00 Width: 14.00 Remarks: approximately Dimensions: 13 x 14 Kitchen Level: First Dimensions: 10 x 10 Length: 10.00 Width: 10.00 Remarks: approximately Dimensions: 10 x 10 Living Room Level: First Dimensions: 20 x 14 Length: 20.00 Width: 14.00 Remarks: approximately Dimensions: 20 x 14 Master Bedroom Level: Second Dimensions: 13 x 12 Length: 13.00 Width: 12.00 Remarks: approximately Dimensions: 13 x 12 Master Bedroom Level: Third Dimensions: 15 x 10 Length: 15.00 Width: 10.00 Remarks: approximately Dimensions: 15 x 10 Bedroom Level: Second Dimensions: 12 x 10 Length: 12.00 Width: 10.00 Remarks: approximately Dimensions: 12 x 10
Listing Office: Century 21 Ryan Realty
Listing Agent: Katie L Patronis
Last Updated: August - 06 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.