5518 Thomas Drive
Panama City Beach, FL 32408
0.51Acre(Lot)
This is your chance to secure a rare development opportunity along the highly sought-after Thomas Drive business corridor. An exceptional .51-acre site (three combined lots: 100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. This unique configuration provides access from three road fronts, offering excellent visibility and accessibility for future development. • Zoned C-1 (Neighborhood Commercial) - allows for a wide range of commercial, mixed-use, and multifamily opportunities • Density: Up to 15 units per acre • Not in a flood zone, yet just 500 feet from the Gulf of Mexico • Gulf views possible from a multi-story structure • Surrounded by new homes, high-rise condos, restaurants, close to public beach access (#9), and major attractions • Ideal for commer
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Lot Information
Main Square Feet: 0.51 Lot Size Acres: 0.51 Lot Size Square Feet: 22,000Property Information
Subdivision: Gulf Lagoon Beach Source Property Type: Land MLS Area Minor: 0323 - Beach - South of Grand Lagoon Zoning Description: General Commercial Property SubType: Commercial
-
Listing Price Information
Listing Price: $1400000Original Price: $1500000
-
Tax Information
Parcel Number: 32362-000-000 Tax Legal Desc: GULF LAGOON BEACH LOTS 1 & 2 BLK 16 ORB 4617 P 1904; BILTMORE BEACH LOT 2 BLK K ORB 4727 P 77; BILTMORE BEACH LOT 1 BLK K ORB 4727 P 77
-
Utility Information
SewerAvailable -
Location Information
Direction: South on Navy Blvd.. Drive for 4.2 miles. Property is on right, northwest corner of Thomas Drive & Biltmore Drive.
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3536 Preserve Boulevard, Panama City, FL, 32408 | $1,500,000 | -- | -- | -- | 0.83 Acre(Lot) |
| 3604 Preserve Boulevard, Panama City, FL, 32408 | $1,550,000 | -- | -- | -- | 0.48 Acre(Lot) |
| 3516 Cottage Cove Lane, Panama City, FL, 32408 | $107,500 | -- | -- | -- | 0.09 Acre(Lot) |
| 3914 Bungalow Lane, Panama City, FL, 32408 | $82,500 | -- | -- | -- | 0.06 Acre(Lot) |
| 3918 Bungalow Lane, Panama City, FL, 32408 | $65,000 | -- | -- | -- | 0.06 Acre(Lot) |
| 3303 Terra Cotta Drive, Panama City, FL, 32408 | $395,000 | -- | -- | -- | 0.40 Acre(Lot) |
| 3319 Terra Cotta Drive, Panama City Beach, FL, 32408 | $549,000 | -- | -- | -- | 0.29 Acre(Lot) |
| 5224 Kingston Boulevard, Panama City, FL, 32408 | $210,000 | -- | -- | -- | 0.23 Acre(Lot) |
| 5309 Hopetown Lane, Panama City, FL, 32408 | $90,000 | -- | -- | -- | 0.15 Acre(Lot) |
| 5319 Hopetown Lane, Panama City, FL, 32408 | $125,000 | -- | -- | -- | 0.12 Acre(Lot) |
Similar Land To 5518 Thomas Drive
Nearby For Sale
The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 06/09/2026 @ 19:06
More Cities with for Sale by Owner Homes
- Panama City Homes For Sale By Owner
- Lynn Haven Homes For Sale By Owner
- PANAMA CITY BEACH Homes For Sale By Owner
- Southport Homes For Sale By Owner
- Youngstown Homes For Sale By Owner
- Mexico Beach Homes For Sale By Owner
- Inlet Beach Homes For Sale By Owner
- Kinard Homes For Sale By Owner
- Fountain Homes For Sale By Owner
- Vernon Homes For Sale By Owner
- Wewahitchka Homes For Sale By Owner
- Clarksville Homes For Sale By Owner
- Port St Joe Homes For Sale By Owner
- Chipley Homes For Sale By Owner
- Altha Homes For Sale By Owner
- Alford Homes For Sale By Owner
- Santa Rosa Beach Homes For Sale By Owner
- Freeport Homes For Sale By Owner
- Blountstown Homes For Sale By Owner
- BONIFAY Homes For Sale By Owner
Homes around $1,400,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.