Welcome to Panama City Beach! This impressive three-story rental property offers breathtaking views of the Gulf and is ideally situated in the highly desirable East End of Panama City Beach. It is one of two units available for purchase together or separately. Together, both units will accommodate up to 29 guests, which is perfect for large groups of various kinds. 5312 Thomas Drive is a highly rated unit that can host up to 16 guests and features stunning Gulf views, private balconies, and a heated backyard pool. The first floor boasts an open-concept layout that includes a living area, dining area, kitchen, a full-sized laundry room, a half bath, and two entrances to the pool area. A primary poolside bedroom has a king-size bed and a separate private twin bed, complete with an ensuite bathroom featuring double sinks and a custom walk-in shower. On the second floor, you'll find two spacious balconies on both the front and back of the second floor, providing perfect spots to enjoy views of the Gulf or the pool area. This level has a bedroom with a king bed and a private seating area, a four-piece ensuite bathroom with a double vanity, and another bedroom furnished with two queen beds and an ensuite bathroom. The property showcases hardwood and tile flooring, granite countertops, and a fully equipped laundry room. Both the first and second floors feature 10-foot high ceilings. The third floor includes a balcony with Gulf views, arcade games, a queen bed, a bunk bed, a smart TV, a wet bar, and a half bath. The building is constructed with hardwood floors, solid wood cabinets, Hardie board siding, a metal roof, and brick pavers for the driveway, enhancing its overall charm. It is just a short walk away from several restaurants and gift shops. Additionally, nearby marinas provide opportunities for boat or jet ski rentals, parasailing, and pirate cruises. Call your favorite Realtor today to schedule a tour; 2024 Rental totals are available upon request.
For sale
Price cut: $25K (7/10)
$950,000
5312 Thomas Dr, Panama City Beach, FL 32408
4beds
2,396sqft
Est.:
Single Family Residence
Built in 2006
3,484.8 Square Feet Lot
$907,400 Zestimate®
$396/sqft
$-- HOA
What's special
Heated backyard poolMetal roofGranite countertopsPrimary poolside bedroomFull-sized laundry roomEnsuite bathroomOpen-concept layout
- 166 days
- on Zillow |
- 311 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 11:10am
Listed by:
Melissa K Ryan 850-960-7653,
CENTURY 21 Ryan Realty Inc
Source: CPAR,MLS#: 770278
Originating MLS: Central Panhandle Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Rooms
- Room types: Bedroom, Dining Room, Kitchen, Loft, Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Area: 180
- Dimensions: 15 x 12
Primary bedroom
- Level: Second
- Area: 264
- Dimensions: 22 x 12
Bedroom
- Level: Second
- Area: 216
- Dimensions: 18 x 12
Dining room
- Level: First
- Area: 96
- Dimensions: 12 x 8
Kitchen
- Level: First
- Area: 96
- Dimensions: 12 x 8
Living room
- Level: First
- Area: 216
- Dimensions: 18 x 12
Loft
- Level: Third
- Area: 216
- Dimensions: 18 x 12
Heating
- Central
Cooling
- Ceiling Fan(s)
Appliances
- Included: Convection Oven, Dryer, Dishwasher, Electric Cooktop, Electric Range, Ice Maker, Trash Compactor, Washer
Features
- Breakfast Bar, Loft
- Furnished: Yes
Interior area
- Total interior livable area: 2,396 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Covered spaces: 4
- Has uncovered spaces: Yes
- Details: Driveway Spaces:4.00
Features
- Patio & porch: Balcony
- Exterior features: Balcony, Patio
- Has private pool: Yes
- Pool features: Electric Heat, In Ground, Pool, Private, Salt Water
- Fencing: Fenced,Privacy
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 33 x 110
Details
- Parcel number: 32377000000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Coastal
- Property subtype: Single Family Residence
Materials
- HardiPlank Type, Metal Siding
- Foundation: Slab
Condition
- Year built: 2006
Community & HOA
Community
- Features: Short Term Rental Allowed, Sidewalks
- Security: Smoke Detector(s)
- Subdivision: Gulf Lagoon Beach
HOA
- Has HOA: No
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $396/sqft
- Tax assessed value: $682,415
- Annual tax amount: $8,426
- Date on market: 3/9/2025
- Listing terms: Cash,Conventional,FHA,Other,VA Loan
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