7028 Thomas Drive, Panama City Beach

$1,179,000

5 Beds
4 Baths
3,048 Sqft
.14 Acre
0 Garage

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS - A premier investment and luxury coastal retreat, this custom beach home is positioned just a short 5-minute walk from Public Beach Access 15 and the iconic emerald waters of Panama City Beach. Purposefully designed to host large groups, it sleeps up to 19 guests and delivers impressive rental projections exceeding $130,000 annually. The open main level showcases a gourmet kitchen with granite countertops, stainless steel appliances, and walk-in pantry flowing seamlessly to the covered patio, private pool, and outdoor shower. The primary suite provides resort-style comfort with a soaking tub, walk-in shower, and spacious closet, while multiple bunk rooms including a third-floor bunk suite with lounge area enhance rental versatility. A second-floor family room with a wet bar opens to a sunset-view sundeck ideal for entertaining. Perfectly located on the desirable East End near local favorites like Schooners and FINNS Barista Bar & Snack Shack, this fully furnished property offers superior guest appeal and proven performance in one of PCB's strongest rental corridors.

Essential Information
MLS® #988441
Price$1,179,000
Sold Price$1,112,500
Date Sold$2026-06-12
Bedrooms5
Bathrooms4.00
Full Baths4
Square Footage3,048
Acres0.14
Year Built2023
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusSold
Community Information
Address7028 Thomas Drive
Area27 - Bay County
SubdivisionHOLIDAY BEACH UNIT 12
CityPanama City Beach
CountyBay
StateFL
Zip Code32408
Amenities
ParkingAttached Carport
Has PoolYes
PoolIn Ground
Utilities

Electric, Public Sewer, TV Cable

Interior
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
# of Stories3
Interior Features

Breakfast Bar, Vaulted Ceiling(s), Kitchen Island, Recessed Lighting, Lock Out, Owner's Closet, Pantry, Wet Bar

Appliances

Disposal, Freezer, Microwave, Refrigerator, Electric Water Heater

Exterior
Lot DescriptionWithin 1/2 Mile to Water
RoofMetal
Exterior Features

Balcony, Private Yard, Outdoor Shower

Construction

Trim Vinyl, Siding CmntFbrHrdBrd

School Information
ElementaryPatronis
MiddleSurfside
HighArnold
Additional Information
Days on Website353
ZoningResid Single Family
Listing Details
OfficeLegacy Premier Agency LLC
Property History
Price Reduced from $1,239,000 to $1,179,000
Price Reduced from $1,299,000 to $1,239,000
Price Reduced from $1,354,000 to $1,299,000
Price Reduced from $1,379,000 to $1,354,000
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 15th, 2026 at 5:22pm CDT.