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Back 1020/5801 Thomas Drive
Off Market

1020/5801 Thomas Drive

Lower Grand Lagoon FL 32408

2
2
1144 sq. ft.
Condo
Last sold for $430,000
Rachel WarrellRachel Warrell, last sold this property on 22 April 2026 after 46 days on market.

Overview

UNDER CONTRACT. SELLER ACCEPTING BACKUP OFFERS. Regency Towers Unit 1020 is a Gulf-front 2-bedroom, 2-bath condo located on the desirable east end of Panama City Beach, Florida. Positioned on the 10th floor with one of the best views in the complex, this beachfront residence offers panoramic Gulf of America views and direct access to the sugar-white sand beaches of the Emerald Coast. The open-concept layout features large storm resistant sliding glass doors leading to a private Gulf-front balcony, creating seamless indoor-outdoor living; showcasing stunning shoreline views and accented with nautical decor throughout. The Master suite includes balcony access and an updated en-suite bathroom with a newly tiled walk-in shower. A spacious guest bedroom and full updated bath provide comfortable accommodations for family and guests. The kitchen features stainless steel appliances, a breakfast bar, and adjacent dining space, while the living area offers comfortable seating and a queen sleeper sofa. The guest bedroom includes two full beds, allowing the condo to comfortably host 8 guests and support strong short-term rental demand. Regency Towers is a gated beachfront community offering resort-style amenities including two Gulf-front pools (one heated), hot tub, fitness center, billiards room, grilling and picnic areas, high speed elevators, ample parking, Sand Bar Grill and Bar and direct beach access with 24-hour security. Located near St. Andrews State Park, Grand Lagoon marinas, fishing charters, waterfront dining, and popular Panama City Beach attractions, this Gulf-front condo offers the ideal combination of coastal living, convenience, and rental income potential along Florida's Emerald Coast.

Features

2 bedrooms
2 bathrooms
1144 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Lower Grand Lagoon over the last 12 months, the estimated median property value of 1020/5801 Thomas Drive is $415k.

Median value
$415k
Estimated value range
$169k - $975k
Median days on market
102
Estimated value trend
-5%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Lower Grand Lagoon. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1020/5801 Thomas Drive

2026
Sold
$430,000
22 Apr 2026 by Rachel Warrell
2018
Sold
$233,900
20 Apr 2018 by Harry Tice, of Top Producers Real Estate Ctr

Happy sellers in Lower Grand Lagoon

89%
89% of sellers in Lower Grand Lagoon reported that their sale price either exceeded or met their price expectations.

Lower Grand Lagoon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 19 reviews in Lower Grand Lagoon over the last 12 months.

Local market activity for 2 bedroom condos in Lower Grand Lagoon

In the last 12 months, 181 two-bedroom condos similar to 1020/5801 Thomas Drive, have been sold.

This represents a 2% increase in two-bedroom condos sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lower Grand Lagoon

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Zack Seltzer

Zack Seltzer is an award winning recommended agent for Lower Grand Lagoon.  They have 28 local sales and collected 10 local reviews across the last 12 months.

  •   5   (68 reviews)
  •  10 Reviews in Lower Grand Lagoon
  •  28 Sales in Lower Grand Lagoon
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Alice de La Penha

Alice de La Penha is an award winning recommended agent for Lower Grand Lagoon.  They have 20 local sales and collected 7 local reviews across the last 12 months.

  •   5   (144 reviews)
  •  7 Reviews in Lower Grand Lagoon
  •  20 Sales in Lower Grand Lagoon
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Sean Casilli

Sean Casilli is a recommended agent for Lower Grand Lagoon.  They have collected 6 local reviews across the last 12 months.

  •   5   (21 reviews)
  •  6 Reviews in Lower Grand Lagoon
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Tyler S Smith

Sellers who recommend Tyler S Smith have praised them for being clear communication, responsive, local expert, great negotiation, detail-oriented, proactive, and friendly

  •   5   (64 reviews)
  •  6 Reviews in Lower Grand Lagoon
  •  6 Sales in Lower Grand Lagoon
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