Beach House

5308 Thomas Drive

Panama City Beach, FL 32408

MLS#: 842988

$544,900

Status: Closed

Listing number: 842988

Listing provided by: Beach Haven Realty LLC

Listing agent phone: None

Last update: 1 year, 11 months ago

On site: 6 years ago

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Property

Beds

Full Baths

1/2 Baths

Year Built

2006

Sq.Footage

2,396

Huge Income producer with upwards of $82k gross in 2019. Sleeps up to 14, 3 bedroom, 3 full baths & 2 half baths with new granite counter tops.NO HOA! Public beach access #6 is only 0.2 miles away. Spend your day at the beach and then walk on over to SCHOONERS (0.3 miles away) for dinner with a view of the SUNSET on the BEACH. This home has 3 MASTER SUITES with 1 on the FIRST FLOOR, 3 BALCONIES, , Exterior features include a BRICK PAVED DRIVEWAY, TROPICAL LANDSCAPING, SPRINKLER SYSTEM, a PRIVATE, IN GROUND POOL, HARDIE BOARD SIDING, and a METAL ROOF. This is a great investment opportunity with a documented rental track record! Call and make an appointment today! SEE RENTAL HISORY BELOW!! Gross Income 2017 = $69,500 2018 = $78,400 2019 = $82,300 # of nights booked: 2017 - 178 nights 2018 - 290 nights 2019 - 294 nights

Features & Amenities

Interior

Other Interior Features

Breakfast Bar, Crown Molding, Vaulted Ceiling(s), Pantry
Total Bedrooms

3
Bathrooms

3
1/2 Bathrooms

2
Cooling YN

YES
Cooling

Central Air, Attic Fan, Ceiling Fan(s), Electric
Heating YN

YES
Heating

Central, Electric
Pet friendly

N/A

Exterior

Garage

No
Other Exterior Features

Private Yard, Outdoor Shower
Patio and Porch Features

Porch
Pool

Yes
Pool Features

In Ground, Private

Area & Lot

Lot Size(acres)

0.08
Lot Size(square feet)

3,484
Property Type

Residential
Property Sub Type

Single Family Residence
Architectural Style

Beach House

Price

Sales Price

$544,900
Tax Amount

$4,074
Zoning

City, Resid
Sq. Footage

2,396
Price/SqFt

$227

HOA

Association

No

School District

Elementary School

Patronis
Middle School

Surfside
High School

Arnold

Property Features

New Construction

NO
Foundation Details

Slab
Water Source

Public

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Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of Scott S Suber, Beach Haven Realty LLC

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Broker Associate

Cheryl Chamblee

Call Cheryl today to schedule a private showing.

(205) 478-9778

Cherylachamblee50@gmail.com

* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.

Huge Income producer with upwards of $82k gross in 2019. Sleeps up to 14,
3 bedroom, 3 full baths & 2 half baths with new granite counter tops.NO HOA! Public beach access #6 is only 0.2 miles away. Spend your day at the beach and then walk on over to SCHOONERS (0.3 miles away) for dinner with a view of the SUNSET on the BEACH. This home has 3 MASTER SUITES with 1 on the FIRST FLOOR, 3 BALCONIES, , Exterior features include a BRICK PAVED DRIVEWAY, TROPICAL LANDSCAPING, SPRINKLER SYSTEM, a PRIVATE, IN GROUND POOL, HARDIE BOARD SIDING, and a METAL ROOF. This is a great investment opportunity with a documented rental track record! Call and make an appointment today! SEE RENTAL HISORY BELOW!! Gross Income
2017 = $69,500
2018 = $78,400
2019 = $82,300

# of nights booked:

2017 - 178 nights
2018 - 290 nights
2019 - 294 nights

5308 Thomas Drive

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**$10,000 SELLER INCENTIVE!
Seller offering up to $10,000 toward Buyer's allowable closing costs, prepaid expenses and/or interest-rate buydown, with an acceptable offer. Take advantage of this opportunity to reduce the cash needed at closing or to potentially lower your monthly payment**

Walk to the beach without giving up the neighborhood feel that makes Tapestry Park so special. Located in the original phase of the community, this beautifully maintained 4-bedroom, 2.5-bath home offers the perfect balance of coastal convenience, privacy, and everyday comfort.

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Panama City Beach

404 Geneva Avenue

4 Beds

2 Baths

2,203 Sq.Ft.

$649,900

MLS#: 1013601

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Highly prized upper floor unit offers expansive Gulf and horizon views, added privacy, and a full-width Gulf-front balcony measuring approximately 23' wide for dining, sunset watching, or entertaining.

Ample closets throughout, full size in-unit laundry Room, and additional locked owner's closet provide valuable space for beach gear, owner items, and rental supplies.

Offered furnished and rental-ready, with a strong five-star guest history. Practical updates include a replaced refrigerator, range, microwave, faucets throughout, an upgraded living-room ceiling fan, and a newer primary-bedroom mattress. Existing finishes and furnishings convey, making the condo ready to enjoy as-is while still giving the next owner the opportunity to refresh flooring, paint, window treatments, artwork, rugs, and furnishings over time to suit their own taste.

Optimum choice to personalize colors or furniture in time to relaunch on rental market and have back in service before December 31, 2026.

Well loved Airbnb with excellent renter satisfaction:
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21902 Sunnyside Lane

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1,362 Sq.Ft.

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MLS#: 1013351

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307 Breakfast Point Boulevard

5 Beds

3 Baths

2,133 Sq.Ft.

$629,000

MLS#: 1013379

Picture this: it's 7 a.m., coffee in hand, and you're strolling across the street to watch the sun come up over the Grand Lagoon. Your boat is in the water from the public ramp one block away before the charter crowd wakes up. By lunch you're toes-in-the-sand at Gulf beach access #11, about half a mile from your door. By sunset you're on the deck at Schooners, about 1.5 miles away. And while you're living the dream, two homes are quietly working for you. That's what 3707 Mystic Street is: a beach lifestyle that pays its own way. This duplex lives like two separate homes, with two private entries, two separate parking areas and each unit's own patio, so neighbors and guests never feel like they're sharing. Mystic Surf (Unit A) is the guest favorite, with three king bedrooms plus a twin and trundle that sleep eight, surf murals in every bedroom, a kitchen big enough for the whole crew, a cozy electric fireplace and a storage shed for the kayaks and paddleboards. Mystic Sun (Unit B) is the hideaway, with two king suites, a full kitchen, a real wood-burning fireplace for those cool December nights and its own shed. For the second-home buyer, this is the beach house that doesn't sit empty. Keep one side as your private getaway, with its own entry, parking and patio. Rent the other side to guests and let them help cover your costs. Come down whenever you want, lock the door when you leave, and let the income keep rolling in. For the investor, this is two income streams on one turnkey property that's already operating as a vacation rental. There's no HOA and nothing to fix, short-term rentals are allowed, and you have the flexibility to run each unit however the market tells you to. For the buyer hunting for multifamily close to the beach, this is the one that's hard to find. Small multifamily properties this close to both the Gulf and the lagoon rarely come up, especially with true separation between units, a corner lot and room to grow. There's space for boat parking, so your boat lives right at home one block from the ramp. There's also room to add a hot tub, the kind of upgrade guests search for and happily pay more for. Everything worth doing is close. The Grand Lagoon marinas and charter fleets are 1 to 2 miles away. The trails and snorkeling at St. Andrews State Park are about 2 miles away. A cold one at Buster's Beer & Bait is an easy walk, and Pier Park is roughly 9 miles away. Now let's talk numbers. Mystic Surf projects about $46,000 a year in rental income, and Mystic Sun projects about $30,000, for a combined projection of roughly $76,000 a year. There's no HOA fee eating into your returns, and both units are already up and running, so there's no setup period and no waiting for your first booking. Keep both on the short-term market for maximum income, or put one side on a mid- or long-term lease for steady, predictable cash flow. Adding a hot tub or capturing boat-friendly guests could push those numbers even higher.

Panama City Beach

3707 Mystic Street A-B

5 Beds

2 Baths

2,184 Sq.Ft.

$599,900

MLS#: 1013374

Beach House

Features & Amenities

Interior

Exterior

Area & Lot

Price

HOA

School District

Property Features

Schedule a Showing

Mortgage calculator

Listing Courtesy of Scott S Suber, Beach Haven Realty LLC

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