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  • MLS#: 773451 ( Residential )
  • Street Address: 7428 Thomas Drive
  • Viewed: 5
  • Price: $995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2005
  • Bldg sqft: 0
  • Bedrooms: 3
  • Total Baths: 4
  • Full Baths: 3
  • 1/2 Baths: 1
  • Days On Market: 43
  • Additional Information
  • Geolocation: 30.1606 / -85.7778
  • County: BAY
  • City: Panama City
  • Zipcode: 32408
  • Subdivision: Holiday Beach Unit 16
  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold
  • Provided by: Coastal Choice Realty LLC
  • DMCA Notice
  • Description
    High Yield Investment Opportunity Proven $100K+ Annual Income Potential | Fully Furnished | Prime Gulf LocationInvestor ready and income producing! This fully furnished 3BR/3.5BA, 2,375 sq ft property offers a rare opportunity to acquire a high performing vacation rental with a proven track record of generating $100,000+ annually in gross rental income (2021 & 2022). Located directly across from the Gulf of Mexico and Rick Seltzer Park, this turnkey property is positioned for strong future returns.Key Investment Highlights:Over $50,000 in recent capital improvements (2024), including:oNew composite deckingoNew roof under upper deckoUpgraded pool systemsPrime location: Steps from beach access and a popular public parkSleeps 18 20 guests perfect for large group bookingsLow maintenance landscaping and exteriorPrivate heated saltwater pool year round rental appealParking for 4+ vehicles a major advantage in beach communitiesInterior Features:Coastal modern furnishings included in sale10' and 11' ceilings, crown molding, abundant natural lightGourmet kitchen with stainless steel appliances and granite countertopsMultiple living areas and a third floor loft with built in bunkbeds, wet bar, and access to a 25' x 18' Gulf view rooftop deckSystems & Amenities:Navien gas tankless water heaterWi Fi enabled Circupool salt generatorHayward 2500 pool heater and sand filterAluminum hurricane shuttersLaundry room with full size washer/dryerStrong Short Term Rental AppealThis property's layout, location, and amenities are optimized for the vacation rental market. With large group capacity, year round pool use, and direct Gulf views, it's primed for immediate income generation.Use it personally and rent selectively, or operate as a full time short term rental. Either way, you'll be investing in one of the Gulf Coast's most lucrative markets.
Property Features
Possible Terms
  1. Cash
  2. Conventional
  3. VaLoan
Appliances
  1. Dryer
  2. Dishwasher
  3. ElectricOven
  4. ElectricRange
  5. Disposal
  6. Microwave
  7. Refrigerator
  8. TanklessWaterHeater
  9. Washer
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. CentralAir
  2. CeilingFans
  3. Electric
Covered Spaces
  1. 0.00
Exterior Features
  1. Balcony
  2. Patio
  3. StormSecurityShutters
Fencing
  1. Fenced
  2. Privacy
Furnished
  1. Furnished
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
  3. Fireplaces
High School
  1. Arnold
Insurance Expense
  1. 0.00
Interior Features
  1. WetBar
  2. BreakfastBar
  3. CathedralCeilings
  4. Fireplace
  5. KitchenIsland
  6. Pantry
  7. RecessedLighting
  8. SmartThermostat
Legal Description
  1. HOLIDAY BEACH UNIT #16 WLY 1/2 OF LOT 2 BLK 17 ORB 4706 P 443
Living Area
  1. 2375.00
Middle School
  1. Surfside
Area Major
  1. 03 - Bay County - Beach
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 30808-428-010
Parking Features
  1. Driveway
  2. Gravel
Pet Deposit
  1. 0.00
Pool Features
  1. Fenced
  2. Gunite
  3. GasHeat
  4. InGround
  5. Pool
  6. Private
  7. SaltWater
Property Type
  1. Residential
Road Frontage Type
  1. CountyRoad
Roof
  1. Metal
School Elementary
  1. Patronis
Security Deposit
  1. 0.00
Style
  1. Contemporary
The Range
  1. 0.00
Trash Expense
  1. 0.00
View
  1. Gulf
Year Built
  1. 2005