For sale Condo

Listed Apr 9, 2026

$389,900 Est. $2,579/mo

8730 Thomas Drive Unit 409

  • 3

    Beds

  • 3

    Baths

  • 1,322

    Sq ft

The story

  • Pool
  • Waterfront

Unit UNIT 409 at 8730 Thomas Drive is a 3-bedroom, 3-bathroom condo in Panama City Beach, FL with 1,322 sq ft of living space, built in 1984. It is currently listed at $389,900. Highlights include a waterfront setting and a pool.

Investor Alert - Turnkey Airbnb with Immediate Cash Flow Exceptional opportunity in Panama City Beach--legal short-term rental with a 6.4% cap rate and projected income of $51,768. Sold fully furnished with future bookings in place. This 2-story condo in the gated Villas of St. Thomas Square offers a boat dock, a 2 block walk to the beach and water views overlooking St. Andrews Bay. Features include private balcony, modern kitchen with washer/dryer, smart thermostat, smart TVs, fresh paint, and updated fixtures. Community amenities: pool, tennis, clubhouse, sauna, BBQ. Low HOA + unincorporated Bay County = favorable STR taxes. Seller offering 3 months of complimentary management. Largest + best decor + best situated unit in complex! Walkable to beaches, dining, and entertainment

Facts & features

Home type

Condo

Year built

1984

Price per sq ft

$295

Included features

  • Pool

    Yes

  • Cooling

    Central Air

  • Heating

    Central

  • Appliances

    Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Smoke Detector, Stove/Oven Electric, Washer, Water Heater - Elect

  • Flooring

    Floor Vinyl

  • Roof

    Slate

  • Exterior

    Balcony, Dock, Tennis Court

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$2,579 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $2,075
  • Property tax $390
  • Insurance $114

Includes principal, interest, taxes & insurance.

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Listing Broker

Engel & Voelkers 30A Beaches

Broker Name

Engel & Voelkers 30A Beaches

Agent

Kiley D Niles