7428 Thomas DR Active Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32408
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,375 sqft
Price per Sqft $418
Subdivision Holiday Beach Unit 16
MLS Listing ID 773451
Style Contemporary
Bedrooms 3
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 2005
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Detached
Property Description
High-Yield Investment Opportunity - Proven $100K+ Annual Income Potential | Fully Furnished | Prime Gulf LocationInvestor-ready and income-producing! This fully furnished 3BR/3.5BA, 2,375 sq ft property offers a rare opportunity to acquire a high-performing vacation rental with a proven track record of generating $100,000+ annually in gross rental income (2021 & 2022). Located directly across from the Gulf of Mexico and Rick Seltzer Park, this turnkey property is positioned for strong future returns.Key Investment Highlights:Over $50,000 in recent capital improvements (2024), including:oNew composite deckingoNew roof under upper deckoUpgraded pool systemsPrime location: Steps from beach access and a popular public parkSleeps 18-20 guests - perfect for large group bookingsLow maintenance landscaping and exteriorPrivate heated saltwater pool - year-round rental appealParking for 4+ vehicles - a major advantage in beach communitiesInterior Features:Coastal-modern furnishings included in sale10' and 11' ceilings, crown molding, abundant natural lightGourmet kitchen with stainless-steel appliances and granite countertopsMultiple living areas and a third-floor loft with built-in bunkbeds, wet bar, and access to a 25' x 18' Gulf-view rooftop deckSystems & Amenities:Navien gas tankless water heaterWi-Fi-enabled Circupool salt generatorHayward 2500 pool heater and sand filterAluminum hurricane shuttersLaundry room with full-size washer/dryerStrong Short-Term Rental AppealThis property's layout, location, and amenities are optimized for the vacation rental market. With large group capacity, year-round pool use, and direct Gulf views, it's primed for immediate income generation.Use it personally and rent selectively, or operate as a full-time short-term rental. Either way, you'll be investing in one of the Gulf Coast's most lucrative markets.
Location
State FL
County Bay
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Wet Bar,Breakfast Bar,Cathedral Ceiling(s),Fireplace,Kitchen Island,Pantry,Recessed Lighting,Smart Thermostat
Heating Central,Electric,Fireplace(s)
Cooling Central Air,Ceiling Fan(s),Electric
Fireplaces Type Gas
Furnishings Furnished
Fireplace Yes
Appliance Dryer,Dishwasher,Electric Oven,Electric Range,Disposal,Microwave,Refrigerator,Tankless Water Heater,Washer
Exterior
Exterior Feature Balcony,Patio,Storm/Security Shutters
Parking Features Driveway,Gravel
Fence Fenced,Privacy
Pool Fenced,Gunite,Gas Heat,In Ground,Pool,Private,Salt Water
Community Features Short Term Rental Allowed
View Y/N Yes
View Gulf
Roof Type Metal
Porch Balcony,Covered,Porch
Private Pool Yes
Building
Story 3
Architectural Style Contemporary
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 30808-428-010
Acceptable Financing Cash,Conventional,VA Loan
Listing Terms Cash,Conventional,VA Loan