For sale Condo

Listed Oct 1, 2026

$475,000 Est. $3,142/mo

5801 South Thomas Drive Unit 701

  • 3

    Beds

  • 2

    Baths

  • 1,560

    Sq ft

The story

  • Pool
  • Waterfront

Back on the market, no fault of the seller. Regency Towers is in the beginning stages of an exciting, complete property renovation! The building's exterior will feature a beautiful Antique White finish, bringing a fresh, updated look to the entire property. Exciting improvements are on the horizon, making this a great time to explore ownership at Regency Towers. Be sure to take a look at the architectural renderings to see the vision for the transformation! Ready to make a move before the end of the year? The seller is offering a $10,000 credit with an acceptable offer that closes by December 31, 2026! Put it toward closing costs, prepaid expenses, a rate buy-down, or other allowable costs for added flexibility when purchasing this property. Welcome to Regency Towers and the largest three-bedroom, two-bath floor plan at the best price! This spacious Gulf-front residence offers an open layout with plenty of room throughout the kitchen, living area, dining area, and entry. Enjoy the added convenience of a larger laundry room, an oversized balcony, and an extra storage closet. The spacious primary bedroom overlooks the Gulf and offers direct access to the oversized balcony, where you can enjoy breathtaking western views and beautiful sunsets. Both guest bedrooms are generously sized, with one furnished with a king bed and the other featuring two queen beds. The kitchen is equipped with stainless steel appliances less than two years old, and the washer and dryer are less than one year old. The air handler was replaced in 2019, and the water heater was replaced in 2017. Currently enrolled in the onsite rental program, this property offers the opportunity for rental income, with future bookings already on the calendar. Regency Towers amenities include a community pool, BBQ grills, tiki bar, onsite rental office, and community room. Conveniently located near shopping, restaurants, entertainment, and everything Panama City Beach has to offer, this spacious Gulf-front condo is an excellent opportunity for a personal beach retreat, investment property, or both!

Facts & features

Home type

Condo

Year built

1982

Price per sq ft

$304

HOA

$2,546 / quarterly

Included features

  • Pool

    Yes

  • Cooling

    Central Air

  • Heating

    Central, Electric

  • Appliances

    Electric Cooktop, Electric Range

  • Sewer

    Public Sewer

  • View

    Water

Mortgage calculator

Estimated monthly payment

$3,142 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $2,528
  • Property tax $475
  • Insurance $139

Includes principal, interest, taxes & insurance.

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Listing Broker

Realty One Group Emerald Coast

Broker Name

Realty One Group Emerald Coast

Agent

Shaunnah Whitely

Location

Panama City Beach FL 32408