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5509 Thomas Drive

Lower Grand Lagoon FL 32408

4
4
2561 sq. ft.
5663 sq. ft.
Other
Currently for sale - view listing

Overview

Live the Panama City Beach lifestyle you've been dreaming of--just steps from the Gulf of America! Originally built as the developer's personal residence, this distinctive coastal home is ideally positioned on a desirable corner lot and offers 4 bedrooms and 3.5 bathrooms, including two spacious master suites with plenty of room and privacy for family and guests. Expansive wraparound balconies finished with beautiful brick pavers create an inviting extension of the living space--perfect for entertaining, relaxing in the coastal breeze, or taking in the Gulf views. A large inground pool provides your own private retreat for sunny Florida days and gatherings with family and friends. Located in a golf cart-friendly community near marinas, St. Andrews State Park, popular restaurants, shopping, and the beach, the location puts the best of Panama City Beach within easy reach. Short-term rentals are allowed, adding excellent flexibility for buyers seeking a primary residence, second home, or investment property. Rental projections indicate potential gross rental income upwards of $130,000 annually, subject to rental management, occupancy, rates, and market conditions. With its prime location, generous outdoor living spaces, private pool, Gulf views, and strong rental potential, this property offers an exciting opportunity to own a piece of the Panama City Beach lifestyle.

Features

4 bedrooms
4 bathrooms
2561 sq. ft. floor area
5663 sq. ft. lot size
Other

Property history for 5509 Thomas Drive

2020
Sold
$665,000
17 Dec 2020 by Charlie Commander, of Century 21 Commander Realty

Happy sellers in Lower Grand Lagoon

91%
91% 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 35 reviews in Lower Grand Lagoon over the last 12 months.

Local market activity for 4 bedroom other properties in Lower Grand Lagoon

In the last 12 months, 1 four-bedroom other similar to 5509 Thomas Drive, have been sold.

This represents a 50% increase in four-bedroom other properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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