7205 Thomas Dr #E403, Panama City Beach, FL 32408
Property image
Property image
OFF MARKET

$554,200

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 1,286 sqft

7205 Thomas Dr #E403, Panama City Beach, FL 32408

Lower Grand Lagoon
Est. Refi. Payment $3,517/mo*
Refinance Your Home
Currently Off Market - Sold Jun 25, 2021 for $580,000

Home Value

Trulia Estimate
$554K
Since last month
Increased$12K (+2.2%)
Since last year
Increased$29K (+5.6%)
Since last sale
Decreased$26K (-4.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +124% in the last 10 years
MonthEstimated value
2026
August 2026$554K
August 2026$552K
July 2026$542K
June 2026$552K
May 2026$555K
April 2026$549K
March 2026$548K
February 2026$539K
January 2026$533K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7205 Thomas Dr #C102, Panama City Beach, FL
0.00
Condo
$450,000
07/10/26
2
2
1,050
7205 Thomas Dr #1704, Panama City Beach, FL
0.00
Condo
$450,000
09/10/25
2
2
1,000
7205 Thomas Dr #B505, Panama City Beach, FL
0.08
Condo
$470,000
03/10/26
2
2
1,190
7205 Thomas Dr #E-1104, Panama City, FL
0.12
Condo
$459,183
06/12/26
2
2
1,286
7205 Thomas Dr #1104, Panama City Beach, FL
0.06
Condo
$459,183
06/15/26
2
2
1,000
7205 Thomas Dr #E304, Panama City, FL
0.13
Condo
$440,000
06/29/26
2
2
1,289
7205 Thomas Dr #E1704, Panama City, FL
0.14
Condo
$450,000
09/09/25
2
2
1,289
7205 Thomas Dr #D805, Panama City Beach, FL
0.11
Condo
$475,000
05/01/26
2
2
1,050
7205 Thomas Dr #E605, Panama City Beach, FL
0.11
Condo
$482,000
02/04/26
2
2
1,050
7205 Thomas Dr #E905, Panama City Beach, FL
0.11
Condo
$469,000
01/09/26
2
2
1,050

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
7205 Thomas Dr #C307, Panama City Beach, FL 32408
0.00
$699,700
3
2
1,750
Off Market
7315 Beach Dr, Panama City Beach, FL 32408
0.08
$441,400
6
4
1,800
Recently Sold
7226 Beach Dr, Panama City Beach, FL 32408
0.07
$512,100
3
3
1,477
Off Market
7205 Thomas Dr #C305, Panama City Beach, FL 32408
0.07
$470,000
2
2
1,050
For Sale
Thomas Dr, Panama City, FL 32408
0.07
-
-
-
-
Off Market
7205 Thomas Dr #B303, Panama City Beach, FL 32408
0.07
$478,500
2
2
1,050
Off Market
7205 Thomas Dr #A306, Panama City Beach, FL 32408
0.07
$430,000
2
2
1,050
Off Market
7401 Beach Dr #B, Panama City Beach, FL 32408
0.12
$433,000
3
2
1,294
Recently Sold
7205 Thomas Dr #B505, Panama City Beach, FL 32408
0.08
$470,000
2
2
1,190
Recently Sold
7231 Sunset Ave, Panama City Beach, FL 32408
0.10
$575,000
3
2
1,144
Recently Sold
7205 Thomas Dr #C605, Panama City Beach, FL 32408
0.08
$462,100
2
2
1,050
Off Market
7405 Beach Dr #A, Panama City Beach, FL 32408
0.12
$435,600
2
2
1,294
Off Market

Local Information

  • Map ViewExplore the area around 7205 Thomas Dr #E403.
  • Schools1 Preschool School2 Elementary Schools1 Middle School2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Condo
Built in 1985
1,286 sqft
$431/sqft

About this House

'Gulf Front'' Beautiful Deluxe 2BR/2BA fully furnished rental ready condominium 1286 sq.ft. Tile flooring throughout. Fully equipped Kitchen w/breakfast bar. Wonderful Gulf Front views from Large Balcony, you can see the beach and one of the pool areas. Great for Relaxation. Condo has many 'upgrades' Cabinets, Counters, flooring, sliding doors, windows just to mention a few. This is a wonderful rental investment or great second home. Dunes of Panama has 3 pools, clubhouse, tennis, shuffleboard, fitness room, Snack shop and a place to grill. All dimensions are approx.
7205 Thomas Dr #E403, Panama City Beach, FL 32408 is a 2 bedroom, 2 bathroom, 1,286 sqft condo in Lower Grand Lagoon, built in 1985. It last sold for $580,000 on Jun 25, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $554,200, with a rent estimate of $2,515/month.

Home Details for 7205 Thomas Dr #E403

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 4

Property Information

Year Built
Year Built: 1985Year Updated: 1985
Property Type / Style
Property Type: Condo

Community

Units in Building: 1

Price and Tax history

DateEventPrice
Jun 25, 2021
Source: CPAR #712514
Sold
$580,000
Jun 6, 2021
Source: Berkshire Hathaway HomeServices #712514
Listed For Sale
$599,000
Sep 18, 2000
Source: N/A
Sold
$212,000

Market trends in Lower Grand Lagoon

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$477K
$1KMoM
Sale-to-List Price
96.6%
0.6%MoM
Price per sq ft
$392
$5MoM
Available listings
302
20MoM

Around this home

Neighborhood Overview

Lower Grand Lagoon
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Lower Grand Lagoon

At least 53 Trulia users voted on each feature.

  • 90 % Say it's dog friendly

  • 87 % Say car is needed

  • 77 % Say parking is easy

  • 74 % Say it's walkable to restaurants

  • 74 % Say people would walk alone at night

  • 73 % Say yards are well-kept

  • 71 % Say there's holiday spirit

  • 67 % Say it's quiet

  • 61 % Say kids play outside

  • 60 % Say they plan to stay for at least 5 years

  • 52 % Say neighbors are friendly

  • 47 % Say streets are well-lit

  • 46 % Say there are sidewalks

  • 38 % Say it's walkable to grocery stores

  • 32 % Say there's wildlife

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Lived in the neighborhood for 40 years short-term rentals have been the downfall to our community . And to think a realtor would advertise for up to 14 people is outrageous. All for a out-of-state buyer to start renting or a local person who doesn't live in it. Just a good way to ruin a good neighborhood. Now on the other hand, it would be a great house for family of three or four, but it doesn't really matter what we think. "
    4
    Flag
  • Trulia User
    "Average. 15-20 minutes to mall on days without traffic. On days with heavy traffic it can take up to any hour to get to the mall"
    1
    Flag
  • Trulia User
    "We’ve lived here for over 23 years and love the area. Easy access to the beach, shopping and schools. Walking distance to the beach or public parking within half mile. "
    0
    Flag
  • Trulia User
    "Embarcadero is a long-standing quaint community of long term residents in the process of voting out Short term rentals to continue the community of quite neighbors. Be sure to inquire about notice given as to this process in the works. "
    9
    Flag
  • Trulia User
    "people with dogs are very friendly and the dogs are friendly ... less traffic back on south lagoon plus speed bumps make it a great place to walk "
    0
    Flag
  • Trulia User
    "I’ve lived in this neighborhood since 2017 and love it. I feel safe and like all my neighbors. It’s also close to beach access and popular areas so that is a plus. "
    1
    Flag
  • Trulia User
    "they walk all around everywhere is dog friendly more then they kid/adult friendly lol.... they are clean owners and most places have doggy pick up bags "
    0
    Flag
  • Douglas W. B.
    "Amazing spot to live in. Close to beach, shopping and you have a sense of community in this location."
    3
    Flag
  • Georgedanieljr
    "Great location easy drive to anywhere, located on the east end of the beach, more families and quite. "
    0
    Flag
  • Izzy I.
    "fireworks .. friendly neighborhood.. short walk to gulf . short walk to restaurants.. shirt drive to Publix Winn Dixie Walmart and other shopping"
    3
    Flag
  • Jill S.
    "Not a good place to walk dogs owners do not like animals on their property as your dog walks and uses bathroom even when u pick up after them."
    2
    Flag
  • Derrick A.
    "people are always walking dogs and very pet friendly would love to live here 100 times over !!!!!!!!!!!!!"
    0
    Flag
  • Jill S.
    "We get together 4th July on the beach and shoot fireworks. It’s such a special moment because everyone is on the beach enjoying each other’s fireworks. We can also see the city’s fireworks at pier park from where we live."
    1
    Flag
  • Trudelln
    "It’s by the beach! No HOAs and great neighbors..........................................................."
    8
    Flag
  • Steven H.
    "Panama city beach is really fun and has plenty of warm and friendly people. This neighborhood is especially amicable. "
    5
    Flag
  • Izzy I.
    "lots of friendly neighbors with dogs .... nice places to walk your dogs.... lots of squirrels for dogs to admire . haha "
    3
    Flag
  • Aaron C.
    "quiet neighborhood, close to beach. not a great yard as it's mostly sand and has sand spurs. usually not much traffic in the area "
    0
    Flag
  • Amber M.
    "Beautiful homes, friendly neighborhood. Easy access to food and entertainment on our beautiful beaches. "
    2
    Flag
  • Milesandbella
    "Although I work in town, I love living at the beach!! It is well worth the 25 minute commute. My neighbors are friendly and watch out for me. There are however some in my neighborhood that have very messy unkept yards which I do not like. That is probably the only negative thing that I can say. I have met good people and enjoy everyday I am here!"
    0
    Flag
  • Mike Hurcon
    "Wasn’t hit that bad by the hurricane, but the area has gotten much more dense with out of town workers that most likely do not have the best criminal history. Be mindful until residences in town become livable and the population is dispersed. "
    10
    Flag
  • Brett L.
    "Neighborhood is nice. Neighbors are friendly. Area is peaceful and there is easy public access to the beach close by. "
    2
    Flag
  • Eddie
    "Commute to Panama City can be tedious, especially going over bridge as it can back up for miles. Count on traffic during the work days and over the summer"
    0
    Flag
  • Azpcgal05
    "Living on the beach is great but you will have to watch small children more closely as they will be drawn to the sounds of the waves. On the plus side, they will truly sleep like a baby listening to the waves at night."
    1
    Flag
  • Garyrkaye
    "Wonderful place to live with one exception: "Dog friendly" with horrible dog "guardians" who will smile at you as their dog leaves presents on your driveway, near your mailbox, or right in the middle of your yard while carrying a plastic bag they never use. Some residents actually have signs in their yard to be "responsible" & pick up after your pet and they will cross the street and do otherwise on their neighbor's yard. Confrontation is pointless with such self centered people; they become militant; you can't fix stupid."
    17
    Flag
  • Rebecca P.
    "This area seems to have friendly people here, people that I can feel safe around. This neighborhood is pretty friendly and I wish I could buy in this neighborhood in the future. "
    4
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 7205 Thomas Dr #E403

  • What is 7205 Thomas Dr #E403 estimated to be worth?
    Trulia's estimated value for 7205 Thomas Dr #E403 in Panama City Beach, FL is $554,200.
  • What is the price history for 7205 Thomas Dr #E403?
    7205 Thomas Dr #E403 in Panama City Beach, FL last sold for $580,000 in June 2021.
  • Is Panama City Beach a buyer's or seller's market?
    Panama City Beach is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Panama City Beach?
    The median sale price in Panama City Beach is $477K. That is down $1K from the prior month.

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