About This Home

This 10-bedroom, 10-bathroom multi-family at 5237 Thomas Drive #A & B in Panama City, FL is listed for $2,179,900 ($423 per sqft). Built in 2025, the home offers 5,156 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 2025
  • 0.13 acre lot
  • 3 stories
  • Private pool
  • Fireplace

Property Details

3 stories
8 full, 2 half
#A & B
2025

Amenities

PoolFireplaceA/C
Listing Description

This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors -- and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one.

Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard.

There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control -- a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat.

Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms -- one featuring built-in bunk beds perfect for families -- plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room.

Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill -- the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations.

A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for.

The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

Monthly Cost Estimate

$11,659/mo

20% down · 6.5% · 30 years

Principal$1,577
Interest$9,446
Insurance$636

Estimates only. Actual payments may vary.

Location

5237 Thomas Drive #A & B

Panama City, FL 32408

No Named Subdivision

Features & Amenities

Interior Features

UpperLevelPrimary

Exterior Features

BarbecueCoveredPatioOutdoorShower

Property Details

Construction

WoodFrame

Pool Features

Pool

Outdoor Features

PatioPorchDeck

Heating

Fireplace(s)Electric (Heating)Central

Cooling

ENERGY STAR Qualified EquipmentCentral AirCeiling Fan(s)

Questions & Answers

This 10-bedroom, 10-bathroom multi-family at 5237 Thomas Drive is listed at $2,179,900 ($423/sqft). The estimated monthly payment is $11,659 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2025, 0.13 acre lot, 3 stories, Private pool, Fireplace. Interior Features: UpperLevelPrimary. Exterior Features: Barbecue, CoveredPatio, OutdoorShower.

This property is listed by Christopher C Jennings and can be reached at 8505329449.

CJ

Christopher C Jennings

License 3287657

Agent at Pelican Real Estate

(850) 532-9449
Agent website

Listed by Pelican Real Estate · Broker phone: (850) 896-1225 · View on Broker Site · Broker website

MLS# 791806· Source: Central Panhandle Association of REALTORS· 112 days on PropertySimple

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5237 Thomas Drive #A & B, Panama City, FL 32408

Open this listing in: