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Harrison Lilly Team

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

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5237 Thomas Drive A & B , Panama City, FL 32408
$2,185,000
Est. Payment: $12,071.81/mo
10 Bed
10 Bath
5156 Sqft
0.12 Acres
Status: Active | Days on site: 81
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Harrison Lilly Team
Owner/Operator

House Description

This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors -- and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control -- a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms -- one featuring built-in bunk beds perfect for families -- plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill -- the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

Highlights

Listed by Christopher C Jennings , 850-532-9449 CENTURY 21 AllPoints Realty , 850-230-4514. Bay County Association of REALTORS

Property Type

Condo/Townhome

Lot/Acreage
0.12

Year Built

2025

County

Bay

Area

03 - Bay County - Beach

Neighborhood

No Named Subdivision

Listing ID

791806

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:10
  • ▪ Bathrooms:10
  • ▪ Full Bathrooms:8
  • ▪ 1/2 Bathrooms:2
Air Cond:Central Air,Ceiling Fan(s),ENERGY STAR Qualified Equipment
Fireplaces:Electric
Other:
  • ▪ Additional:Upper Level Primary

Exterior Features

Lot:Sprinkler System
Lot Dimensions:50.0 ft x 110.0 ft
Zoning:City, Commercial
Roof:Metal
Others:
  • ▪ Additional:Barbecue, Covered Patio, Outdoor Shower
Sewer:Public Sewer
Principal Interest
$12,072
Taxes
$1,393

Home Price

$2,185,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$437,000
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:
$12,071.81

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,071.81 $1,392.94 $0.00 $13,464.75
Yearly $144,861.72 $16,715.25 $0.00 $161,576.97
Total $4,345,851.70 $501,457.50 $0.00 $4,847,309.20

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, 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: 2026-10-07T08:07:44.000Z

© 2026 Bay County Association of REALTORS