UNDER CONTRACT WITH CONTINGENCIES; SELLER ACCEPTING BACKUP OFFERS.PERFECT FLIP SCENARIO:1.) Assume loan or $159,000 (may be lower by closing date).2.) Financing or cash for difference between loan amount and purchase price.3.) Remodel the condo (materials already purchased, listed below).4.) Put the property back on the market at today's remodeled market price of $326,000.5.) PROFIT, PROFIT, PROFITGulf view from balcony.Here are the materials that have already been purchased and paid for by the seller:-Cabinets and appliances and custom plantation shutters.-Sheetrock and sheetrock mud to complete covering of open areas in the ceiling bedroom and full bathroom on main entrance level. -42 inch complete fiberglass shower unit (pan was with rest of unit outside of box).-toilet for full bathroom lower level (not damaged).-mirrored door to be reattached to maintenance closet bedroom.-ring box for doorbell under sink in bathroom adjacent to bedroom. Not activated at this time but ring doorbell has been mounted on entrance door.-plywood to cover the main level bathroom floor only. -gray paint in 2 - 5-gallon buckets (Sherman Williams - big chill is color gray paint). Enough to paint entire unit.-new pocket door for new bathroom on main level is on top floor out of way for structure repair. louvered door for laundry is in storage unit.****A louvered door that goes on the washer/dryer closet in bedroom is located inside unit 142 storage unit outside bedroom entrance. The door will require a new door frame; the actual door should be fine as stored in dry space. Teak high bar seat (goes outside 3rd floor bedroom door. Gray wicker chair with side table goes on top floor balcony.There is furniture in a storage unit that can be purchased separately via cashier's check to seller at closing.*Furniture inventory can be confirmed once under contract.Storage unit on 3rd flood is deeded to C142.
Sold for $220,000 on 06/27/25
$220,000
5717 Thomas Dr #C142, Panama City Beach, FL 32408
1beds
730sqft
Condominium
Built in 1981
-- sqft lot
$266,300 Zestimate®
$301/sqft
$1,961 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 27, 2025 at 11:01am
Listed by:
Mike S Herring 850-321-0917,
Keller Williams Realty Emerald
Bought with:
Mike S Herring, 3256219
Keller Williams Realty Emerald
Source: CPAR,MLS#: 774203
Originating MLS: Central Panhandle Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: Measurements approximate; buyer to verify
- Level: First
- Area: 182
- Dimensions: 13 x 14
Interior area
- Total interior livable area: 730 sqft
Property
Features
- Pool features: Community, Pool
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
Details
- Parcel number: 31431192000
Construction
Type & style
- Home type: Condo
- Architectural style: Low Rise
- Property subtype: Condominium
Condition
- Under Construction
- New construction: Yes
- Year built: 1981
Utilities & green energy
- Utilities for property: Cable Available
Community & neighborhood
Community
- Community features: Short Term Rental Allowed, Pool
Location
- Region: Panama City Beach
- Subdivision: Largo Mar Condo
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $2,238 quarterly
- Amenities included: Beach Rights, Gated
- Services included: Cable TV, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Trash, Water