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Street View
$1,400,000
Monthly Est:$6,968
-- Bed
-- Bath
0.51acre lot
5518 Thomas Dr, Panama City, FL 32408
$1,400,000
$6,968/moEst:
Get Pre-Approved
Unimproved Land
Built in -
$-- HOA
0.51 acre lot
$2,745,098/acre
Description
This is your chance to secure a rare development opportunity along the highly sought-after Thomas Drive business corridor.
An exceptional .51-acre site (three combined lots: 100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. This unique configuration provides access from three road fronts, offering excellent visibility and accessibility for future development.
• Zoned C-1 (Neighborhood Commercial) - allows for a wide range of commercial, mixed-use, and multifamily opportunities
• Density: Up to 15 units per acre
• Not in a flood zone, yet just 500 feet from the Gulf of Mexico
• Gulf views possible from a multi-story structure
• Surrounded by new homes, high-rise condos, restaurants, close to public beach access (#9), and major attractions
• Ideal for commercial retail, short-term rentals, townhomes, or a mixed-use development
A three-story building on this site would capture breathtaking Gulf views, making it perfect for a boutique hotel, retail center, or luxury residential units.
Buyer should verify all details related to this property.
Property includes 3 parcels- 32362-000-000; 31857-000-000; 31856-000-000
- Houzeo last checked: 5 minutes ago
- Listing updated: October 28, 2026 at 6:43 pm
- Listing Provided by: Beth Christie (850) 832-9417 DRE #3065345, Ramil Zartdinov (850) 819-1418 DRE #3315537 | Local Insight Realty (850) 832-9417
- Source: Bay/Panama City/Central Panhandle MLS-FL | MLS#: 781204
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
0.51 acre lot
Basement Area
- sqft
MLS Name
Bay/Panama City/Central Panhandle MLS
MLS Number
781204
MLS Status
Active
Days on Market
365
Cumulative Days on Market
358
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Utilities & Energy
Utilities
Sewer Available
Other Features
Lot Features
Paved
Subdivision Name
Gulf Lagoon Beach
Price History
| Date | Event | Price |
|---|---|---|
03/31/2026 Source: | Price Decreased | $1,400,000 -6.67% $0/sqft |
11/04/2025 Source: | Price Increased | $1,500,000 +7.14% $0/sqft |
11/03/2025 Source: | Listed for Sale | $1,400,000 +69.70% $0/sqft |
10/05/2022 Source: | Price Decreased | $825,000 -16.67% $0/sqft |
07/08/2021 Source: | Sold | $990,000 $0/sqft |
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Based on information from Central Panhandle Association of REALTORS® MLS through Nov 04, 2026, 11:15PM. 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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