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5312 Thomas Drive
Panama City Beach, FL 32408

$949,900 - Status: Active
Bed Icon Beds: 4
Bath Icon Baths: 3 full 2 partial
Sq Feet Icon SQFT (H&C): 2,396
MLS Icon MLS# 778899

Luxury 3-Story GULF VIEW BEACH HOME with Heated Saltwater Pool | STR | No HOA | No Flood | Turnkey | Vacation-Lifestyle Ready - PLUS a $10,000 BUYER CREDIT at Closing! HIGH-YIELD INCOME POTENTIAL + TAX BENEFITS SAVINGS for this one or both properties for Sale SIDE-BY-SIDE. Attention Investors, Beach & Pool Lovers! This 3-story Retreat is fully furnished, turnkey, and short-term rental ready with NO HOA or Flood. Just steps from the Emerald Beach, sand, local dining, attractions and Rick Seltzer Park, this property offers a rare blend of luxury living and strong rental potential. Featuring 4 bedrooms including a bonus bunk/wet bar/game room, 3 ensuite baths & 2 half baths, the home comfortably sleeps 14 guests (or up to 29 when purchased with the side-by-side ''sister'' home for sale). Guests will love the multiple balconies with Gulf Views, private heated saltwater pool, outdoor shower, 2 grills, and matching patio & dining sets -- an entertaining masterpiece. Inside, enjoy an open-concept main level with living, dining, kitchen & laundry room featuring stainless appliances, and LVP floors. The primary poolside 1st master bedroom with double vanity en-suite bath and private, large walk-in closet with a twin bunk are on the 1st floor. On the 2nd floor, you'll find 2 bedrooms. The 2nd master with double vanity en-suite bath, private balcony & sitting area and the 3rd bedroom with 2 queens, double vanity en-suite Bath + private balcony await. The 3rd floor offers the 4th, including bonus room & Gulf View balcony, bunks, queen bed, wet bar, and arcade games. With 10' ceilings, LVP & Hardwood floors, Hurricane Windows, Hardie siding, Metal Roof, and parking for 4 vehicles + golf cart, this home was designed for both comfort and durability. Steps from dining, marinas, and attractions--this is a prime investment and luxury retreat in one! An Entertaining & Vacation MASTERPIECE! $$$ INVESTORS $$$ HIGH-YIELD INCOME POTENTIAL for this one or both properties! BONUS: The sister property next door (also for sale) sleeps 15. Together, both homes host 29 guests total, each with identical layouts, pools, and furnishings. Unmatched portfolio or multi-home investor package opportunity! Schedule your showing today! GRI: Rental Revenue for 2024 & 2025 are available upon request.

Property Features

MLS#: 778899
Zip: 32408
Subdivision: Gulf Lagoon Beach
Development: 0323 - Beach - South Of Grand Lagoon
Property Type: Residential - Single Family
Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified E
Days on Site: 231
Fenced: Yes
Home Style: Coastal
Lot Size: 0.08 acres
Roof Type: Metal
Stories: 3.0
Taxes: $8,426
Year Built: 2006
SQFT (H&C): 2,396

Feature Descriptions

Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Ice Maker
Community Features: Barbecue, Short Term Rental Allowed
Exterior: HardiPlank Type
Exterior Features: Barbecue, Covered Patio, Deck, Patio, Outdoor Shower
Fencing: Fenced, Privacy
Flooring: Luxury Vinyl Plank
Lot Dimensions: 33 x110
Parcel#: 32377-000-000
Patio/Porch: Balcony, Deck, Covered, Patio
Pool: Fenced, Electric Heat, In Ground, Salt Water, Private
Security: Fire Sprinkler System, Fire Alarm, Smoke Detector(s)
Sewer: Public Sewer
Special View Info: Gulf
Swimming Pool: Yes
Units: 1
Utilities: Natural Gas Available, High Speed Internet Available

Room Sizes

Bedroom: 18 X 14 Level - Third
Bedroom: 18 X 12 Level - Second
Primary Bedroom: 22 X 12 Level - Second
Primary Bedroom: 15 X 14 Level - First
Dining Room: 12 X 8 Level - First
Kitchen: 12 X 8 Level - First
Living Room: 18 X 12 Level - First

Local Schools

High School: Arnold
Middle School: Surfside
Elementary School: Patronis

5312 Thomas Drive | MLS# 778899

This single family home located at 5312 Thomas Drive, Panama City Beach, FL 32408 is currently listed for sale with an asking price of $949,900. This property was built in 2006 and has 4 bedrooms and 3 full and 2 partial baths with 2396 sq. ft. Thomas Drive is located in the Gulf Lagoon Beach subdivision. Search Gulf Lagoon Beach real estate on cwilliams.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: CENTURY 21 Ryan Realty Inc

Shown By

Agent Name: Casey Williams
Agent Phone: (850) 640-9200
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/01/2026. The listing information on this page last changed on 05/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 05/01/2026 11:25:15 AM EST) or Emerald Coast MLS (last updated Fri 05/01/2026 11:17:02 AM EST) or Central Panhandle Association of Realtors (last updated Fri 05/01/2026 11:17:32 AM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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