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This brand-new, purpose-built vacation rental duplex on Thomas Drive is a rare turnkey investment opportunity in one of Panama City Beach's most desirable corridors -- and it's priced below appraised value. Constructed to the highest standards and designed from the ground up to maximize rental income, this fully furnished and professionally decorated property is ready to perform from day one. Each side of the duplex features 5 bedrooms, 4 full baths, and 1 half bath across three thoughtfully designed floors. The first floor welcomes guests with a stylish living area, a sleek modern kitchen, and a back porch patio opening to a meticulously paved private backyard. There, each unit has its own in-ground saltwater pool with a natural gas heater and remote control -- a premium amenity that drives top rental rates and keeps bookings strong throughout the season. The oversized lot is fully fenced, with a privacy divider between each side giving guests their own secluded retreat. Head upstairs to find a large master suite with an immaculate en-suite bath, two additional guest bedrooms -- one featuring built-in bunk beds perfect for families -- plus a dedicated laundry room, ample storage, and luggage areas on every level. The third floor crowns the property with another spacious master bedroom and en-suite bath, plus an additional guest room. Step out onto the large balcony and take in panoramic Gulf views while grilling on the built-in natural gas grill -- the ultimate beach party space for guests who want to entertain in style. The property is fully furnished and decorated by two leading designers, turnkey for short or long-term rental operations. A full fire suppression system reflects the level of quality and attention to detail that sets this build apart from anything else at this price point. Situated just moments from pristine white sandy beaches, St. Andrews State Park, and a variety of renowned restaurants and shopping, this property delivers the location, amenities, and income potential that serious investors are looking for. The second you walk in this one, you can feel the quality of the build and the materials used, this property is truly a must see to appreciate!!! Buyer to verify all square footage, zoning, and rental regulations. All information deemed reliable but not guaranteed.

Highlights

  • Residential
  • Duplex
  • New Construction
  • Built in 2025
  • 0.13 Acre Lot
  • 143 days on Market

  • Bedrooms
    10
  • Bathrooms
    8 full · 2 half
  • Year Built
    2025
  • Stories
    3.0
  • Architectural Style
    Duplex
  • Construction Materials
    Frame, Other
  • Exterior Features
    Balcony, Outdoor Shower, Barbecue
  • Patio And Porch
    Covered, Patio, Deck, Porch
  • Pool Features
    In Ground, Private, Salt Water
  • Security Features
    Fire Sprinkler System, Carbon Monoxide Detector(s)
  • Cooling
    Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment
  • Heating
    Fireplace(s), Electric, Central

  • Acres
    0.13
  • View
    Water


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Frequently Asked Questions

How do I schedule a tour of 5237 Thomas Dr #A AND B?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 5237 Thomas Dr #A AND B.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 5237 Thomas Dr #A AND B?

Click Ask a Question to talk with our team. You already know it is a 10 bed, 8 bath, listed for $2,179,900. We can talk through recent upgrades, potential seller motivation, how this duplex compares to others in Panama City, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 5237 Thomas Dr #A AND B?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 5237 Thomas Dr #A AND B at around $12,405. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 5237 Thomas Dr #A AND B?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Bay County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 5237 Thomas Dr #A AND B?

In most cases, yes. Whether 5237 Thomas Dr #A AND B is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Panama City's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 5237 Thomas Dr #A AND B?

We can handle that for you. Our preferred local agent specializes in residentials in Panama City and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $2,179,900 with 5,156 sqft of space—that comes out to approximately $423 per square foot.

How long has this property been on the market?

5237 Thomas Dr #A AND B was listed on June 24, 2026, which means it's been on the market for 143 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2025, making it approximately 1 years old.

What is the lot size of this property?

5237 Thomas Dr #A AND B sits on a 0.13-acre lot, which is 5,663 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Patronis
  • Middle: Surfside
  • High: Arnold

Want to see how these schools compare? Check out our Bay County School Guide to see ratings, reviews, and more for the schools in the area.

Is 5237 Thomas Dr #A AND B still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Central Panhandle Association of REALTORS. All rights reserved.

Last Updated: November 14, 2026 at 11:03PM | Source: Central Panhandle Association of REALTORS | MLS#: 791806