7205 Thomas Drive E706, Panama City Beach, FL 32408 (MLS# 993187)

Description

Dunes of Panama 3 bedroom condos are exceptional investment properties. 3 bedroom condos in the E building produce $75,000 - $80,000 gross annual income. Never miss a sunset from this exceptional 3-bedroom, 2-bath end-unit condo, where balcony access from every room creates a seamless connection to coastal breezes and breathtaking Gulf views. Thoughtfully updated, this residence features tile flooring, granite countertops, crown molding, king-sized bedrooms, walk-in closets, and full-size laundry, offering both comfort and refined coastal style.

Supplements: A garage parking space adds rare convenience and value. Dunes of Panama is a truly one-of-a-kind beachfront community, celebrated for its expansive green spaces, resort-style atmosphere, and prime location adjacent to Rick Seltzer Park. Residents enjoy an impressive suite of amenities including three pools, pickleball, tennis, shuffleboard, fitness center, and on-site snack shop. Perfect as a primary residence, second home, or high-performing rental investment, this stunning condo delivers the ultimate beachfront lifestyle. A must-see opportunity with so much to offer. Buyer to verify all information deemed important. This comes with 1 garage space.

General Property Info

userdefined76: 1 Sub-Type: Condominium Design: N/A SqFt Source: Building Plan Stories In Unit: 21 Unit Floors Above Ground: 7 Garage: Yes Carport: No Pool: Yes Pool Type: Community Apx SqFt(Htd/Cooled): 1974 Bedrooms: 3 Full Baths: 2 Total Bathrooms: 2 Year Built: 1985 Garage Spaces: 1

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 379.43 List Date: 2026-01-19 Current Price: $749,000 List Price: $749,000

Location, Tax and Legal

Unit #: E706 Sub Area: 2719 - Beach - East Elementary School: Patronis Middle School: Surfside High School: Arnold Legal Description: DUNES OF PANAMA PHASE V UNIT E-706 & GARAGE SPACE 59 ORB 1886 P 1996A 3BR 2B 1480 H&C ORB 3778 P 1844 ORB 4449 P 533

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 1746 Annual Assessment Amount: 20952 Assessment Paid: Monthly New Buyer Fee: Yes New Buyer Fee Amt: 250 New Buyer Fee Paid: $ Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Dunes of Panama 3 bedroom condos are exceptional investment properties. 3 bedroom condos in the E building produce $75,000 - $80,000 gross annual income. Never miss a sunset from this exceptional 3-bedroom, 2-bath end-unit condo, where balcony access from every room creates a seamless connection to coastal breezes and breathtaking Gulf views. Thoughtfully updated, this residence features tile flooring, granite countertops, crown molding, king-sized bedrooms, walk-in closets, and full-size laundry, offering both comfort and refined coastal style.

Waterfront

Gulf: 1 Shore - Beach: 1 Shore - Natural: 1 Unit Waterfront: 1

Construction Status

Construction Complete: 1

Parking Features

Deeded: 1 Garage: 1 Garage Detached: 1

Waterview

Gulf: 1

Project Facilities

BBQ Pit/Grill: 1 Community Room: 1 Elevators: 1 Picnic Area: 1 Pool: 1 Short Term Rental - Allowed: 1 TV Cable: 1

Construction/Siding

Concrete: 1 Foundation On Piling: 1 Stucco: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1

Exterior

Balcony: 1 BBQ Pit/Grill: 1 Pavillion/Gazebo: 1 Pool - In-Ground: 1 Tennis Court: 1

Interior

Breakfast Bar: 1 Ceiling Crwn Molding: 1 Floor Tile: 1 Floor WW Carpet: 1 Furnished - All: 1 Split Bedroom: 1 Washer/Dryer Hookup: 1

Financing

Conventional: 1

Appliances

Cooktop: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Oven Self Cleaning: 1 Refrigerator: 1 Smoke Detector: 1 Stove/Oven Electric: 1 Washer: 1

Energy

AC - Central Elect: 1 Ceiling Fans: 1 Heat Cntrl Electric: 1 See Remarks: 1 Water Heater - Elect: 1

Mstr Bdrm/Mstr Bath

MBath Shower Only: 1 MBath Tile: 1 MBed Balcony: 1 MBed Carpeted: 1

Master Bedroom

First: 1

Bedroom

First: 1

Kitchen

First: 1

Living Room

First: 1

Rooms

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

Fees Include

Ground Keeping: 1 Insurance: 1 Management: 1 Recreational Faclty: 1 Repairs/Maintenance: 1 Security: 1 Trash: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 27 - Bay County Street #: 7205 Street Name: Thomas Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Project Name/Subdivision: DUNES OF PANAMA PH 5 CONDO Parcel ID: 30840-786-000

Property Features

Construction Status: Construction Complete Waterfront: Gulf; Shore - Beach; Shore - Natural; Unit Waterfront Waterview: Gulf Parking Features: Deeded; Garage; Garage Detached Project Facilities: BBQ Pit/Grill; Community Room; Elevators; Picnic Area; Pool; Short Term Rental - Allowed; TV Cable Exterior: Balcony; BBQ Pit/Grill; Pavillion/Gazebo; Pool - In-Ground; Tennis Court Interior: Breakfast Bar; Ceiling Crwn Molding; Floor Tile; Floor WW Carpet; Furnished - All; Split Bedroom; Washer/Dryer Hookup Appliances: Cooktop; Dishwasher; Disposal; Dryer; Microwave; Oven Self Cleaning; Refrigerator; Smoke Detector; Stove/Oven Electric; Washer Utilities: Electric; Public Sewer; Public Water; TV Cable Energy: AC - Central Elect; Ceiling Fans; Heat Cntrl Electric; See Remarks; Water Heater - Elect Master Bedroom: First Bedroom: First Kitchen: First Living Room: First Rooms: Bedroom; Dining Room; Kitchen; Living Room; Master Bedroom Financing: Conventional Fees Include: Ground Keeping; Insurance; Management; Recreational Faclty; Repairs/Maintenance; Security; Trash

Room Information

Master Bedroom Level: First Dimensions: 16 x 14 Length: 16.00 Width: 14.00 Remarks: All Measurements are approximate; Buyer to verify. Dimensions: 16 x 14 Bedroom Level: First Dimensions: 14 x 12 Length: 14.00 Width: 12.00 Dimensions: 14 x 12 Bedroom Level: First Dimensions: 16 x 12 Length: 16.00 Width: 12.00 Dimensions: 16 x 12 Living Room Level: First Dimensions: 16 x 16 Length: 16.00 Width: 16.00 Dimensions: 16 x 16 Dining Room Level: First Dimensions: 14 x 10 Length: 14.00 Width: 10.00 Remarks: With a Walkin closet. Dimensions: 14 x 10 Kitchen Level: First Dimensions: 12 x 9 Length: 12.00 Width: 9.00 Dimensions: 12 x 9