B505/7205 Thomas Drive

Off Market

B505/7205 Thomas Drive

Panama City Beach FL 32408

1190 sq. ft.

Condo

Last sold for $470,000

Beth Mulvey, last sold this property on 10 March 2026 after 23 days on market.

Overview

Welcome to Dunes of Panama B505, a beautifully remodeled and updated top-floor Gulf-front condo in the highly desirable low-density ''B'' building with only 40 total units. This stunning 2 bedroom, 2 bath residence includes a deeded parking space and an indoor climate-controlled storage unit, offering exceptional convenience and value. Enjoy breathtaking Gulf views from the living room, dining area, kitchen, and master suite, with panoramic vistas that truly do not get any better. The interior features a remodeled kitchen, beautifully tiled bathroom showers, and wood grain luxury vinyl plank flooring throughout, creating a clean, coastal, and move-in-ready feel. Offered fully furnished, this condo is ideal as a second home or rental investment property that is sure to please. Located directly on the sugar white sands, Dunes of Panama offers 1,500 linear feet of beachfront along with three Gulf-front pools (one heated), tennis courts, basketball, fitness room, volleyball, shuffleboard, outdoor BBQ grills, free Wi-Fi, Stingray's restaurant and gift shop, and the popular Sneaky Tiki poolside bar. Relax, unwind, and enjoy resort-style living with strong rental potential in one of Panama City Beach's most established beachfront communities.

Features

2 bedrooms

2 bathrooms

1190 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Panama City Beach over the last 12 months, the estimated median property value of B505/7205 Thomas Drive is $430k.

Median value

$430k

Estimated value range

$135k - $1.05m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Panama City Beach. 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 B505/7205 Thomas Drive

2026

Sold

$470,000

10 Mar 2026 by Beth Mulvey, of Beach House Sales and Development

2024

Sold

$535,000

19 Apr 2024 by Edgar Barnette, of Bright Realty Solutions

Happy sellers in Panama City Beach

91%

91% of sellers in Panama City Beach reported that their sale price either exceeded or met their price expectations.

Panama City Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 33 reviews in Panama City Beach over the last 12 months.

Local market activity for 2 bedroom condos in Panama City Beach

In the last 12 months, 209 two-bedroom condos similar to B505/7205 Thomas Drive, have been sold.

This represents a 11% decrease in two-bedroom condos sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Panama City Beach for a market analysis.

Zack Seltzer

at SELTZER REAL ESTATE

(68 reviews)

Get a market analysis

Alice de La Penha

at The Real Experts

(148 reviews)

Get a market analysis

Sean Casilli

at The Real Experts

(21 reviews)

Get a market analysis

Tyler S Smith

at Legacy Premier Agency LLC

(74 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Panama City Beach

Zack Seltzer

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

5 (68 reviews)
10 Reviews in Panama City Beach
28 Sales in Panama City Beach

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Alice de La Penha

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

5 (148 reviews)
7 Reviews in Panama City Beach
20 Sales in Panama City Beach

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Sean Casilli

Sean Casilli is a recommended agent for Panama City Beach. They have collected 6 local reviews across the last 12 months.

5 (21 reviews)
6 Reviews in Panama City Beach

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Tyler S Smith

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