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- Description
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Street View
$889,500
Monthly Est:$4,427
4 Beds
- 4 Baths
3 full baths + 1 half bath
2,801sqft
5405 Thomas Dr, Panama City, FL 32408
$889,500
$4,427/moEst:
Get Pre-Approved
Single Family Residence
Built in 2005
$-- HOA
0.58 acre lot
$318/sq.ft
Description
Located just steps from the sugar-white sands of Panama City Beach's quiet east end, this beach home combines the best of location, functionality, and flexibility.
With no HOA and the freedom to offer short-term rentals, this property is ideal for a serene retreat, full-time residence, or vacation rental. The thoughtfully designed layout spans multiple levels, ensuring both privacy and spaces for gathering.
The first floor features three bedrooms, two full baths with granite countertops, and a convenient laundry area.
Ascend to the second floor to a spacious great room with cathedral ceilings, beautiful hardwood floors, and an open kitchen. Stainless steel appliances, a kitchen island and breakfast bar make this space functional and inviting - perfect for hosting or enjoying casual meals. Step out onto the second-floor balcony to enjoy a morning coffee or the evening breezes. The master suite on this level creates a private sanctuary, complete with a well-appointed bathroom featuring a walk-in shower and separate water closet.
On the third floor, you will find another balcony and a versatile loft area that can be transformed according to your needs - whether as an additional bedroom, game room, or entertainment hub.
Outside, the fenced yard and patio area provide a private space for relaxation or gatherings.
Located just a short stroll from local favorites like Schooner's and a quick drive to St Andrews State Park, marinas, golf, shopping and dining, this home offers the perfect blend of peaceful seclusion and convenient access to attractions.
If versatile design, spacious living, and steps-to-the-beach convenience are on your wish list, make it a point to see this home. Call to schedule a private tour today!
- Houzeo last checked: 13 minutes ago
- Listing updated: August 24, 2026 at 4:08 pm
- Listing Provided by: Craig Duran (850) 290-0417 DRE #3050909 | Berkshire Hathaway HomeServices Beach Properties of Florida (850) 252-4160
- Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 794319

Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
2005
HOA Fees
-
Finished Area
2,801 sqft
Lot Size
0.58 acre lot
Basement Area
- sqft
MLS Name
Bay/Panama City/Central Panhandle MLS
MLS Number
794319
MLS Status
Active
Days on Market
76
Cumulative Days on Market
5

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Kitchen
Level: Second
Area: 100.00 Square Feet
Dimensions: 10 x 10
FamilyRoom
Level: Second
Area: 324.00 Square Feet
Dimensions: 18 x 18
Loft
Level: Third
Area: 324.00 Square Feet
Dimensions: 18 x 18
Bedroom
Level: First
Area: 100.00 Square Feet
Dimensions: 10 x 10
Bedroom
Level: First
Area: 110.00 Square Feet
Dimensions: 11 x 10
Bedroom
Level: First
Area: 144.00 Square Feet
Dimensions: 12 x 12
PrimaryBedroom
Level: Second
Area: 165.00 Square Feet
Dimensions: 15 x 11
Interior
Exterior Features
Outdoor Shower
Cooling
Central Air, Ceiling Fans
Sewer
Public Sewer
Interior Features
Double Vanity, Smart Home, Upper Level Primary, Walk In Closets, Loft
Appliances
Electric Oven, Electric Range, Electric Water Heater, Ice Maker
Heating
Electric
Construction
Year Built
Year Built: 2005
Home type
Single Family Residence
Construction Materials
Stucco
Architectural Style
Coastal
Utilities & Energy
Security Features
Security System
Utilities
Electricity Available
Other Features
Patio And Porch Features
Balcony, Covered, Porch
Community Features
Short Term Rental Allowed
Subdivision Name
Gulf Lagoon Beach
Price History
| Date | Event | Price |
|---|---|---|
10/02/2025 Source: | Listed for Sale | $4,500 $2/sqft |
10/02/2025 Source: | Off Market | $4,500 $2/sqft |
09/26/2025 Source: | Price Decreased | $4,500 -99.55% $2/sqft |
11/18/2024 Source: | Off Market | $999,000 -13.13% $357/sqft |
11/18/2024 Source: | Listed for Sale | $1,150,000 $411/sqft |
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Based on information from Central Panhandle Association of REALTORS® MLS through Nov 05, 2026, 12:30AM. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 Bay Central Panhandle Association of REALTORS®
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