About This Home

This 3-bedroom, 3-bathroom condo at 8730 Thomas Drive UNIT 409 in Panama City Beach, FL is listed for $389,900. Built in 1984, on a N/A lot.

Key Features

  • Built in 1984

Property Details

3 full
1984
Listing Description

Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St.

Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features include private balcony, modern kitchen with washer/dryer, smart thermostat, smart TVs, fresh paint, and updated fixtures. Community amenities: pool, tennis, clubhouse, sauna, BBQ. Low HOA + unincorporated Bay County = favorable STR taxes. Seller offering 3 months of complimentary management. Largest + best decor + best situated unit in complex! Walkable to beaches, dining, and entertainment

Monthly Cost Estimate

$2,085/mo

20% down · 6.5% · 30 years

Principal$282
Interest$1,690
Insurance$114

Estimates only. Actual payments may vary.

Location

8730 Thomas Drive UNIT 409

Panama City Beach, FL 32408

VILLAS OF ST THOMAS IV

Questions & Answers

This 3-bedroom, 3-bathroom condo at 8730 Thomas Drive UNIT 409 is listed at $389,900. The estimated monthly payment is $2,086 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1984.

This property is listed by Kiley D Niles.

KN

Kiley D Niles

Agent at Engel & Volkers 30A Beaches

Listed by Engel & Volkers 30A Beaches · Broker phone: 8507141935 · Broker website

MLS# 1000290· Source: Engel & Völkers· Added to PropertySimple today

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

8730 Thomas Drive UNIT 409, Panama City Beach, FL 32408

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