6505 Thomas 505 Drive #505A, Panama City Beach, FL 32408

Local realty services provided by:ERA Neubauer Real Estate, Inc.
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6505 Thomas 505 Drive #505A,Panama City Beach, FL 32408
$482,000
  • 2 Beds
  • 2 Baths
  • 1,074 sq. ft.
  • Condominium
  • Active
Listed by:jonathan minerick
Office:homecoin.com
MLS#:770166
Source:FL_BCMLS

Price summary

  • Price:$482,000
  • Price per sq. ft.:$448.79
  • Monthly HOA dues:$1,404

About this home

TRUE TURNKEY short-term rental condo, beachfront, fully renovated and ready for an investor to take over. RENTAL MACHINE with NET rentals of $73K in 2024 and pacing above that for 2025. We post NET rentals, vs. industry standards to post gross, which include fees and taxes. When including those, gross rentals for this unit were +90K in 2024. Can provide receipts. The unit is almost fully booked through June and bookings could pass along to the buyer. Owner self-manages this unit plus 6 other properties in the area with excellent results all around. Owner can offer property management for the buyer if interested. Selling due to a personal situation that requires cash ASAP. Buyer to verify measurements as needed.

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Home facts

  • Year built:1984
  • Listing Id #:770166
  • Added:160 day(s) ago
  • Updated:August 11, 2025 at 03:06 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,074 sq. ft.

Heating and cooling

  • Cooling:CentralAir
  • Heating:Central, Electric

Structure and exterior

  • Year built:1984
  • Building area:1,074 sq. ft.

Schools

  • High school:Arnold
  • Middle school:Surfside
  • Elementary school:Patronis

Finances and disclosures

  • Price:$482,000
  • Price per sq. ft.:$448.79
  • Tax amount:$4,897 (2024)
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