Features & Amenities

Interior

  • Total Bedrooms

    10

  • Bathrooms

    8

  • 1/2 Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Central, Electric, Fireplace(s)

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other, Frame

  • Other Exterior Features

    Balcony, Barbecue, Outdoor Shower

  • Patio and Porch Features

    Patio, Deck, Covered, Porch

  • Pool

    Yes

  • Pool Features

    In Ground, Salt Water, Private

  • Waterfront YN

    NO

  • View

    Water

Area & Lot

  • Lot Size(acres)

    0.13

  • Lot Size(square feet)

    5,227

  • Property Type

    Residential

  • Property Sub Type

    Duplex

  • Architectural Style

    Duplex

Price

  • Sales Price

    $2,179,900

  • Zoning

    City, Commercial

  • Sq. Footage

    5,156

  • Price/SqFt

    $422

HOA

  • Association

    No

School District

  • Elementary School

    Patronis

  • Middle School

    Surfside

  • High School

    Arnold

Property Features

  • Stories

    3

  • New Construction

    YES

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of Christopher C Jennings, CENTURY 21 AllPoints Realty

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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.

5237 Thomas Drive A & B

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New on site 1 day ago
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For boating enthusiasts, the private dock and additional community marina slip provide convenient access to the waters of East Bay and beyond. The estate also features a three-car garage, office or workshop space, and substantial construction incorporating reinforced concrete and steel pilings.

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MLS#: 797783

New on site 1 day ago
Discover a rare opportunity to own one of northwest Florida's most distinctive waterfront properties. Spanning two lots totaling approximately 0.83 acres, 34 Palms sits on an extraordinary peninsula within the exclusive, gated community of East Bay Preserve. With approximately 737 feet of waterfront, a private dock, an additional boat slip at the community marina, and direct boating access to the gulf, this remarkable estate offers an exceptional lifestyle for those who appreciate life on the water. Surrounded by the tranquil waters of East Bay on three sides, the property enjoys sweeping panoramic views, remarkable privacy, and a setting unlike any other.

Situated at the end of Yacht Club Drive with no immediate neighboring residences, the estate feels worlds away while remaining conveniently connected to all that northwest Florida has to offer. Expansive grounds, mature palms, and lush tropical landscaping create a private coastal sanctuary where the beauty of the natural surroundings is ever-present. Dolphins are often spotted playing in the bay, bald eagles soar overhead, and spectacular sunrises and sunsets provide an ever-changing backdrop to daily life. Designed to capture the beauty of its waterfront location, the four-story residence offers approximately 4,125 square feet of living space with four bedrooms and an exceptional balance of elegance, comfort, and functionality. Expansive windows fill the interiors with natural light and frame captivating water views throughout. Multiple balconies and outdoor decks extend the living spaces beyond the walls, creating inviting settings for morning coffee, afternoon relaxation, and entertaining against the backdrop of the bay.

Inside, thoughtful architectural details and quality craftsmanship are evident throughout. A beautiful solid walnut staircase serves as a distinctive design feature, while spacious living and gathering areas provide a welcoming atmosphere for both everyday living and entertaining. An elevator connects the home's multiple levels, offering convenience and accessibility. Generously sized bedroom suites provide comfortable accommodations for family and guests, with each level thoughtfully designed to take advantage of the property's exceptional surroundings.

The upper-level primary suite offers a truly private retreat with breathtaking elevated views of the surrounding waterways. A private balcony provides a peaceful place to take in the coastal scenery, while an extraordinary outdoor shower offers the unique experience of bathing beneath the open sky in complete privacy.

The outdoor spaces are equally impressive. Palm-lined pathways wind through the beautifully landscaped grounds to a screened waterfront gazebo, perfectly positioned for enjoying the coastal breezes and unforgettable sunsets. Multiple decks, inviting gathering areas, and a private beach provide endless opportunities to enjoy the outdoors. Whether setting out for a day of boating, fishing the surrounding waters, launching a kayak, or simply relaxing along the shoreline, the property offers an effortless connection to the coastal lifestyle.

For boating enthusiasts, the private dock and additional community marina slip provide convenient access to the waters of East Bay and beyond. The estate also features a three-car garage, office or workshop space, and substantial construction incorporating reinforced concrete and steel pilings.

As the largest estate setting within East Bay Preserve, the property's two separate lots, extensive waterfront frontage, and secluded peninsula location distinguish it from traditional waterfront residences. The combination of privacy, generous outdoor space, exceptional boating access, and captivating views creates an offering that is increasingly difficult to replicate.
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New on site 2 days ago
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Just over 3,200 square feet, inside, three of the four bedrooms wake up to pure bay views, including the waterfront primary suite, your own private sanctuary. Large enough for a sitting area overlooking the pool and Bay and includes a deep, walk-in closet. Its oversized bath is flooded with natural light and features double vanities with incredible counter space, a walk-in tiled shower, a free-standing soaking tub, a separate water closet, a linen closet, and ample storage. Two large, waterfront guest bedrooms are accessible from the hallway and a guest bath offers a tiled, shower-tub combo, beautiful tiled floors and a large double vanity. The fourth bedroom is located on the opposite side of the home and features an en suite bath with Carrera marble flooring and a deep turquoise tiled shower. 

As you step through the front door, your eyes are drawn directly to the waterfront with glass spanning the back of the home. The open concept was well-designed and the heart of the home is this stunning kitchen, made for gathering, with GE Café appliances, quartz countertops, a zellige tile backsplash, and a walnut island. Linger over breakfast at the built-in walnut banquette, or settle in by the fireplace beneath the vaulted living room ceilings. Custom millwork and modern coastal shiplap ceilings and walls bring warmth and character to the great room, kitchen, and Florida room. Just off the kitchen is a large laundry room with sink, a built-in mudroom nook off the carport. This home offers consistent LVP flooring throughout every inch of this home is in immaculate condition.

Outside the carport is a separate, 300 square foot heated and cooled space with mini-split and is ready to become your home gym, office, workshop, or climate controlled storage. Peace of mind is built in this home. The home was gutted to the studs in 2022, with all plumbing and electrical replaced. It also offers concrete block construction, a hidden safe room inside the home, a 2019 roof, impact hurricane-rated windows, and a whole-home generator. At 20' elevation and X flood zone, it makes this a rare find on the water sitting high above the others. A deep water well with sprinkler system irrigates the lawn. 

Bunkers Cove Road is a street that people wait their entire lives to live on. It's a rare waterfront homesite offering one full acre of pure bay views and sits across the street from a city-maintained community park offers swings, a playground, benches, and a walking path. The Cove neighborhood is golf cart friendly, and Historic Downtown shopping and dining are minutes away. This location. This waterfront. Your legacy. 

Special financing incentives available on this property from SIRVA Mortgage.
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720 Bunkers Cove Road

4 Beds

3 Baths

3,233 Sq.Ft.

$1,899,000

MLS#: 796269

Life waterfront is truly lived deep in the Cove on Bunkers Cove Road. This fully-renovated, single-level, four-bedroom, three-bath waterfront home with NO HOA sits back from the road on a one-acre homesite shaded by mature oaks and magnolias. With 153 feet of waterfront, it offers pure bay views that will take your breath away at 20' elevation. Enjoy a Florida room with vaulted ceilings and 180-degree bay views. Slide the glass doors open and and step into an oasis. All built in 2024, swim in the saltwater, heated pool, lounge on the sun shelf, or unwind in the built-in spa while you entertain year-round. The covered cabana was designed specifically with gatherings in mind and offers a gas fireplace and Coyote outdoor kitchen appliances and features consistent limestone flooring continuing on from the pool deck and patio. Even with a pool and summer kitchen, this back yard still lives big! Fenced in, plenty of privacy and room to play. Stroll down to the dock, where you've got deep water, with pilings existing and prepped for a boat lift with water and 50-amp power already in place. From home, you're minutes by boat from the open Gulf pass and Shell Island with no idle speed zones in between. Just over 3,200 square feet, inside, three of the four bedrooms wake up to pure bay views, including the waterfront primary suite, your own private sanctuary. Large enough for a sitting area overlooking the pool and Bay and includes a deep, walk-in closet. Its oversized bath is flooded with natural light and features double vanities with incredible counter space, a walk-in tiled shower, a free-standing soaking tub, a separate water closet, a linen closet, and ample storage. Two large, waterfront guest bedrooms are accessible from the hallway and a guest bath offers a tiled, shower-tub combo, beautiful tiled floors and a large double vanity. The fourth bedroom is located on the opposite side of the home and features an en suite bath with Carrera marble flooring and a deep turquoise tiled shower. As you step through the front door, your eyes are drawn directly to the waterfront with glass spanning the back of the home. The open concept was well-designed and the heart of the home is this stunning kitchen, made for gathering, with GE Café appliances, quartz countertops, a zellige tile backsplash, and a walnut island. Linger over breakfast at the built-in walnut banquette, or settle in by the fireplace beneath the vaulted living room ceilings. Custom millwork and modern coastal shiplap ceilings and walls bring warmth and character to the great room, kitchen, and Florida room. Just off the kitchen is a large laundry room with sink, a built-in mudroom nook off the carport. This home offers consistent LVP flooring throughout every inch of this home is in immaculate condition. Outside the carport is a separate, 300 square foot heated and cooled space with mini-split and is ready to become your home gym, office, workshop, or climate controlled storage. Peace of mind is built in this home. The home was gutted to the studs in 2022, with all plumbing and electrical replaced. It also offers concrete block construction, a hidden safe room inside the home, a 2019 roof, impact hurricane-rated windows, and a whole-home generator. At 20' elevation and X flood zone, it makes this a rare find on the water sitting high above the others. A deep water well with sprinkler system irrigates the lawn. Bunkers Cove Road is a street that people wait their entire lives to live on. It's a rare waterfront homesite offering one full acre of pure bay views and sits across the street from a city-maintained community park offers swings, a playground, benches, and a walking path. The Cove neighborhood is golf cart friendly, and Historic Downtown shopping and dining are minutes away. This location. This waterfront. Your legacy. Special financing incentives available on this property from SIRVA Mortgage.
#1013314

Panama City

720 Bunkers Cove Road

4 Beds

3 Baths

3,233 Sq.Ft.

$1,899,000

MLS#: 1013314

Investment Opportunity! Turnkey 12-unit townhome community in a prime, centrally located Panama City location with convenient access to major highways. Each unit features 2 bedrooms, 1.5 bathrooms, LVP flooring, updated countertops, stainless steel appliances, and washer/dryer hookups. The property is divided across three separate parcels, with each unit individually metered for added convenience and straightforward expense management. Each unit also has assigned parking. A great opportunity for investors looking for a well-maintained, income-producing property in a convenient location.
#794913

Panama City

1623 N James Avenue

2 Beds

1 Baths

11,664 Sq.Ft.

$1,797,000

MLS#: 794913

Investor opportunity! The Lenawee Apartments, located at 6318-6321 Lenawee St in Panama City, FL, offer a multifamily investment opportunity with 18 total units across five buildings. The property includes four quadplexes with 16 two-bedroom, one-bath units of approximately 750 square feet each, along with a duplex featuring two additional two-bedroom, one-bath units of approximately 832 square feet each.
All five buildings were constructed in 1985 and feature stucco exteriors. Recent improvements include 2019 roofs and 2020 water heaters, and the units are individually metered for water and electricity.
Conveniently located near retail, dining, major roadways, and Tyndall Air Force Base, the property offers strong potential for an investor looking to add a multifamily property to their portfolio.
#794715

Panama City

6321 Lenawee Street D

2 Beds

1 Baths

13,500 Sq.Ft.

$2,075,000

MLS#: 794715

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