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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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7428 Thomas Dr , Panama City Beach, FL 32408
$929,500
Est. Payment: $4,714.25/mo
4 Bed
4 Bath
2375 Sqft
Status: active | Days on site: 194
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Located directly across Thomas Drive from Rick Seltzer Park, this fully furnished three-story beach home offers exceptional short-term rental appeal in one of the most desirable areas of Panama City Beach. Positioned just steps from dedicated public beach frontage with lifeguards, showers, parking, and convenient Gulf access, the property is ideally suited for vacationers seeking walkability, beach convenience, and accommodations for large groups. Gulf views are protected by the park frontage, enhancing long-term value and guest appeal. Designed with income-producing potential in mind, this 4-bedroom, 3.5-bath property features a flexible multi-level layout capable of accommodating up to 16 guests comfortably. Popular rental features include multiple custom-built bunk areas, spacious entertainment zone, private outdoor spaces, and a heated saltwater pool, amenities consistently sought after by vacation renters in the Panama City Beach market. The first floor includes custom-built queen-over-queen bunk beds with integrated lighting and USB charging stations adjacent to a full bath. The second-floor primary suite features a king bed, private balcony with Gulf views, jacuzzi tub, walk-in closet, and ensuite bath. An additional second-floor suite includes more custom queen-over-queen bunks with its own full bath. The third-floor entertainment level offers vaulted ceilings, wet bar with sink and mini fridge, sleeper sofa, half bath, custom full-size bunk beds, and direct access to a large rooftop-style deck with Gulf views and abundant lounge space. The main living area offers 10-foot ceilings, crown molding, tile flooring, fireplace, abundant natural light, and an open-concept design ideal for gathering large groups. The kitchen features granite countertops, stainless steel appliances, wood cabinetry, breakfast bar seating, and a walk-in pantry. Outdoor amenities continue to enhance the property's rental desirability with a private fenced backyard, heated saltwater pool, multiple balconies, and a 25-foot rooftop observation deck overlooking the Gulf. Pool equipment includes a Wi-Fi-controlled Circupool salt generator, Hayward 2500 heater, and sand filter system. Additional upgrades and features include over $50,000 in recent improvements, brand-new composite decking, new roof section beneath the decking, Navien gas tankless water heater, aluminum hurricane shutters, laundry room with washer and dryer, and parking for 4 vehicles. Previously operated as a short-term vacation rental with strong historical income potential, this turnkey property offers an excellent opportunity for investors seeking a high-capacity beach rental in a prime location near Panama City Beach attractions, dining, shopping, and entertainment.

Highlights

Listed by Dennis M Dunnigan , 850-258-3880 and Ashley Dunnigan , 850-527-9744 Coastal Choice Realty LLC , 850-215-4160. Bay County Association of REALTORS

Property Type

Residential

Lot/Acreage
0.07

Year Built

2005

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Holiday Beach Unit 16

Listing ID

784109

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:4
  • Full Bathrooms:3
  • 1/2 Bathrooms:1
Appliances:Electric Oven, Electric Range, Tankless Water Heater
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:Gas
Other:
  • Additional:Balcony, Jetted Tub, Separate Shower, Smart Thermostat, Upper Level Primary

Exterior Features

Lot:Paved
Lot Dimensions:25x120
Zoning:County
Roof:Metal
Others:
  • Additional:Covered Patio, Deck, Patio
Sewer:Public Sewer
Parking Features:Gravel
Principal Interest
$4,714
Taxes
$632

Home Price

$929,500

Loan Details

30 yrs
6.529%

Down Payment

20%
$185,900
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,714.25

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,714.25 $632.42 $0.00 $5,346.67
Yearly $56,570.98 $7,589.00 $0.00 $64,159.98
Total $1,697,129.50 $227,670.00 $0.00 $1,924,799.50

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:33:19.000Z

© 2026 Bay County Association of REALTORS