Our credit card system is down. We are actively working on this issue. If you would like to make a reservation please call 850-234-7151 9 am - 4 pm OR email us with your contact info, unit and dates. We will get a block in for you until we can resolve this!

logo ×

  • This field is for validation purposes and should be left unchanged.

5518 Thomas Drive, Panama City, FL 32408

$1,500,000
Property Type: Residential Land Lot Size (sq. ft.): 22,000 Status: Active
Current Price: $1,500,000 List Date: 11/04/2025 Last Modified: 11/13/2025

Description

This is your chance to secure a rare development opportunity along the highly sought-after Thomas Drive business corridor. An exceptional .51-acre site (three combined lots: 100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. This unique configuration provides access from three road fronts, offering excellent visibility and accessibility for future development. • Zoned C-1 (Neighborhood Commercial) - allows for a wide range of commercial, mixed-use, and multifamily opportunities • Density: Up to 15 units per acre • Not in a flood zone, yet just 500 feet from the Gulf of Mexico • Gulf views possible from a multi-story structure • Surrounded by new homes, high-rise condos, restaurants, close to public beach access (#9), and major attractions • Ideal for commercial retail, short-term rentals, townhomes, or a mixed-use development A three-story building on this site would capture breathtaking Gulf views, making it perfect for a boutique hotel, retail center, or luxury residential units. Buyer should verify all details related to this property. Property includes 3 parcels- 32362-000-000; 31857-000-000; 31856-000-000

More Information MLS# 781204

Contract Info

List Price/Acre: 2941176.47 Status: Active List Date: 2025-10-29 List Price: $1,500,000 Current Price: $1,500,000

Location

Sub Area: 0323 - Beach - South of Grand Lagoon Community/Resort: None Waterfront: No Elementary School: Patronis Middle School: Surfside High School: Arnold Directions: South on Navy Blvd.. Drive for 4.2 miles. Property is on right, northwest corner of Thomas Drive & Biltmore Drive. Street #: 5518 Street Name: Thomas Street Suffix: Drive Area: 03 - Bay County - Beach State: FL Zip Code: 32408 County: Bay Subdivision: Gulf Lagoon Beach Parcel ID: 32362-000-000 Legal Description: GULF LAGOON BEACH LOTS 1 & 2 BLK 16 ORB 4617 P 1904

General Property Info

Acreage: 0.51 Lot Size (SqFt): 22000 Lot Dimensions: 100x220 Sub-Type: Vacant Land

Listing Info, Tax & Legal

HOA Fee: No Is Subject Leased: No As Is: Yes

Remarks & Misc

Remarks: This is your chance to secure a rare development opportunity along the highly sought-after Thomas Drive business corridor. An exceptional .51-acre site (three combined lots: 100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. This unique configuration provides access from three road fronts, offering excellent visibility and accessibility for future development. • Zoned C-1 (Neighborhood Commercial) - allows for a wide range of commercial, mixed-use, and multifamily opportunities • Density: Up to 15 units per acre • Not in a flood zone, yet just 500 feet from the Gulf of Mexico • Gulf views possible from a multi-story structure • Surrounded by new homes, high-rise condos, restaurants, close to public beach access (#9), and major attractions • Ideal for commercial retail, short-term rentals, townhomes, or a mixed-use development A three-story building on this site would capture breathtaking Gulf views, making it perfect for a boutique hotel, retail center, or luxury residential units. Buyer should verify all details related to this property. Property includes 3 parcels- 32362-000-000; 31857-000-000; 31856-000-000

Financing

Cash: 1 Conventional: 1

Lot Features

Corner Lot: 1 Near Beach Access: 1 Within 1/2 Mile to Water: 1

Lot Access

County Road: 1 Paved Road: 1

Present Zoning

General Commercial: 1

Utilities

Electric - On-Site: 1 Sewer Available: 1 Water Available: 1

Waterview

Gulf: 1

Sale Type

As Is: 1

Property Features

Financing: Cash; Conventional Lot Access: County Road; Paved Road Lot Features: Corner Lot; Near Beach Access; Within 1/2 Mile to Water Sale Type: As Is Utilities: Electric - On-Site; Sewer Available; Water Available Waterview: Gulf Present Zoning: General Commercial
Listing Office: Local Insight Realty
Last Updated: November - 13 - 2025
Information deemed reliable but not guaranteed.