8730 Thomas Drive #409
Panama City, FL 32408
3
Bed
3
Bath
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 3 Full Baths: 3Room Information
Rooms Total: 5 -
Heating & Cooling
Water front: 1
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Building Information
Year Built: 1984Building Area Total: 1322Pool Features: CommunityPrivate Pool: NoWater front Features: Bayfront
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Lot Information
Lot Dimensions: IRRProperty Information
Subdivision: Villas Of St. Thomas 4 Source Property Type: Residential MLS Area Minor: 0323 - Beach - South of Grand Lagoon Property SubType: Condominium Property Age: 42
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Listing Price Information
Listing Price: $425000
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Tax Information
Parcel Number: 30473-057-000 Tax Year: 2025 Annual Tax: $3982 Tax Legal Desc: VILLAS OF ST THOMAS IV UNIT 409 TYPE E ORB 972 P 1550 3BR 3B 1322 H&C ORB 4687 P 1947
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Homeowners Association Information
Has Association: YesAssociation Amenities: Dock, SaunaCommunity Features: Clubhouse, Dock, Pool, Waterfront, CommunityPool, ShortTermRentalAllowed
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School Information
Elementary School: Breakfast Point Junior High School: Breakfast Point Senior High School: Arnold -
Location Information
Direction: From Front Beach Road, head east on Thomas Drive. Turn left onto Joan Avenue, then take an immediate right into the gated entrance of St. Thomas Square. Proceed through the gate--Building 400 will be ahead. Unit 409 is located on the second floor, accessible via the left-side stairwell.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2604 Mystic Lane #PO12, Panama City, FL, 32408 | $415,900 | 3 | 3 | -- | |
| 4100 Marriott Drive #204, Panama City, FL, 32408 | $499,999 | 2 | 2 | -- | |
| 4100 Marriott Drive #203, Panama City, FL, 32408 | $435,000 | 2 | 2 | -- | |
| 4100 Marriott Drive #310, Panama City, FL, 32408 | $449,999 | 2 | 2 | -- | |
| 4100 Marriott Drive #108, Panama City, FL, 32408 | $429,900 | 2 | 2 | -- | |
| 4100 Marriott Drive #412, Panama City, FL, 32408 | $649,000 | 3 | 3 | -- | |
| 4100 Marriott Drive #111, Panama City, FL, 32408 | $435,000 | 2 | 2 | -- | |
| 4725 Bay Point Road #269, Panama City, FL, 32408 | $238,900 | 1 | 1 | -- | |
| 4726 Bay Point #C226, Panama City, FL, 32408 | $385,000 | 2 | 2 | -- | |
| 4050 Marriott Drive #3701, Panama City, FL, 32408 | $665,000 | 3 | 3 | -- |
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ByOwner last updated this listing 06/05/2026 @ 08:32
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