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Harrison Lilly Team

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

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6505 Thomas Dr Unit 403 , Panama City, FL 32408
$384,000
Est. Payment: $2,121.54/mo
2 Bed
2 Bath
1075 Sqft
Status: Active | Days on site: 17
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BSGC - B7726,B11042
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Harrison Lilly Team
Owner/Operator

House Description

2BR/2BA Gulf-front condo at Summerhouse in Panama City Beach. Furnished, updated, short-term rental eligible with a 120 sq ft balcony. Unit 403 offers 1,015 sq ft of Gulf-front living with direct Gulf views and the flexibility to use the property as a primary residence, second home, or rental property. Built in 1984 and located at 6505 Thomas Drive, this furnished condominium combines beachfront ownership with established community amenities and short-term rental eligibility. Inside, tile flooring provides a practical foundation for beachside living, while large sliding glass doors bring natural light and Gulf views into the living area and open directly to the balcony. The primary bedroom is positioned Gulf-front, offering waterfront views from the bedroom. A split-bedroom layout separates the second bedroom and bath from the primary suite, and a laundry closet with stackable washer and dryer adds everyday convenience. The unit is being sold furnished and has been updated from top to bottom. Summerhouse provides approximately 400 feet of beach frontage along the Gulf of Mexico. Community amenities include two beachfront pools, including one heated seasonally, a kiddie pool, spa/hot tub, tennis courts, game room, community room, Gulf-front gazebo and pavilion areas, grills, elevators, security, and onsite association and rental management. Short-term rentals are allowed, giving buyers flexibility when considering personal use and rental potential. The current owner self-manages the unit and reports more than $50,000 in annual rental income, with an established guest list the owner is willing to share at closing. Past rental performance is not a guarantee of future results, and buyers should independently evaluate rental history, expenses, management options, and applicable association requirements. Monthly HOA dues are $1,212.15 and include accounting, cable TV, association insurance, internet, legal services, grounds maintenance, management, pest control, security, sewer, trash disposal, and water. Positioned on Thomas Drive near St. Andrews State Park and Grand Lagoon, Summerhouse offers direct beach access along with convenient proximity to boating, fishing, dining, and shopping. For buyers comparing furnished, Gulf-front Panama City Beach condos with short-term rental eligibility, Unit 403 brings together direct waterfront placement, an updated furnished interior, established amenities, and documented rental history. HWH just replaced September 2026. SPECIAL NOTE: INTERIOR PHOTOS AND REMARKS WILL BE UPDATED AS SOON AS RENTERS CHECK OUT. THIS UNIT HAS BEEN TOTALLY UPDATED FROM TOP TO BOTTOM. THIS UNIT IS SELF-MANAGED BY THE OWNER AND PRODUCES OVER $50,000 IN RENTAL INCOME EACH YEAR. OWNER IS WILLING TO SHARE HIS ESTABLISHED GUEST LIST AT CLOSING Make this unit ''Your Summerhouse''.

Highlights

Listed by Greg B Taylor , 850-896-4173 and Cindy Morehouse , 850-822-1055 Counts Real Estate Group Inc , 850-249-3615. Bay County Association of REALTORS

Property Type

Condo/Townhome

HOA Fee

1212.15 Monthly

Year Built

1984

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Summerhouse Of P.C. 1

Listing ID

795339

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Electric Oven, Electric Range, Electric Water Heater
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Other:
  • ▪ Additional:Balcony, Main Level Primary, Tub Shower

Exterior Features

Lot:Paved
Lot Dimensions:400x700
Zoning:Resid Multi-Family
Sewer:Public Sewer
Parking Features:Additional Parking,Paved,Parking Lot
Principal Interest
$2,122
Taxes
$317
HOA
$1,212

Home Price

$384,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$76,800
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Monthly Price:
$2,121.54

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $2,121.54 $316.78 $1,212.15 $3,650.48
Yearly $25,458.54 $3,801.40 $14,545.80 $43,805.74
Total $763,756.09 $114,042.00 $436,374.00 $1,314,172.09

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

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