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6505 Thomas 505 Drive 505a, Panama City Beach, FL 32408
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6505 Thomas 505 Drive 505a
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Would you like to sell your current home before you purchase this one? Click Here Like this Property? Submit an Offer Now
Priced at Only: $482,000
For more Information Call: (352) 279-4408
Address: 6505 Thomas 505 Drive 505a, Panama City Beach, FL 32408
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  • MLS#: 770166 ( Residential )
  • Street Address: 6505 Thomas 505 Drive 505a
  • Viewed: 18
  • Price: $482,000
  • Price sqft: $449
  • Waterfront: Yes
  • Wateraccess: Yes
  • Year Built: 1984
  • Bldg sqft: 1074
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 279
  • Additional Information
  • Geolocation: 30.1525 / -85.7681
  • County: BAY
  • City: Panama City Beach
  • Zipcode: 32408
  • Subdivision: The Summerhouse Of P.c. I
  • Building: The Summerhouse Of P.c. I
  • Elementary School: Patronis
  • Middle School: Surfside
  • High School: Arnold
  • Provided by: HomeCoin.com
  • DMCA Notice
  • Description
    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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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: LuxuryVinylPlank
  • Living Area: 0.00
Land Information
  • Lot Features: Paved
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Patronis
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: ParkingLot
Eco-Communities
  • Pool Features: InGround
Utilities
  • Carport Spaces: 0.00
  • Cooling: CentralAir
  • Heating: Central, Electric
Amenities
  • Association Amenities: GameRoom
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2024
  • Trash Expense: 0.00
Other Features
  • Appliances: WasherDryerStacked, ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater, IceMaker
  • Interior Features: SmartThermostat
  • Legal Description: THE SUMMER HOUSE OF P.C. ONE CONDO UNIT 505 2BR 2B 1015 H&C ORB 978 P 1178 . ORB 3979 P 1819
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Tenant
  • Parcel Number: 30585-649-000
  • The Range: 0.00
  • Unit Number: 505A
  • View: Gulf
  • Views: 18
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Nearby Subdivisions
[no Recorded Subdiv]   Bay Point Golf Villas I   Bay Point Golf Villas Ii   Bay Point Golf Villas Iii   Bay Point Grand Residences   Bay Point Harbour Villas   Bay Point Studio Villas Unit 2   Bay Point Studio Villas Unit 3   Boardwalk Central   Bonita Point   Dockside North   Dunes Of Panama Phase V   Emerald Pointe Resort   En Soleil Condo   Grand Lagoon Cove Condominium   Grande Surf Club Condo   Greenwood Estates 1   Greenwood Estates 5   Greenwood Estates 6   Greenwood Estates 7   Gulf Crest Condo   Holiday Point   Laketown Wharf   Laketown Wharf Phase Ii   Magnolia Bay Club   Marina Club Village   Mariner West Condo   Merrimac Resort Condo Ph 1   Moondrifter   Moonspinner Apartments   Ocean Terr. Condo.   Palisades Condo Ph 1   Plazas Of St.thomas I   Princess Condo   Reflections   Regency Towers   Sand Castles Villa   Seychelles Resort Condominium   Shade Tree Condo Ph Ii   Shores Of Panama   Shores Of Panama Phase I   Shores Of Panama Phase Ii   Sterling Beach Condo   Stingray Condo.   Sugar Beach Condo   Summerhouse Condo.   Summerhouse Of P.c. 1   Summit   Sun Seeker Condo   Sunbird Condo   Sunshine Shores Condo   Sunswept 3   The Commodore   The Summerhouse Of P.c. I   The Summit   Top Of The Gulf Condo.   Treasure Cove Condo.   Treasure Island Resort   Villas At Suncrest   Villas Of St. Thomas 1   Villas Of St. Thomas 3   Villas Of St. Thomas 5   Watercrest Condo   Waterhaven   Whispering Seas  
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