5518 Thomas Drive, Panama City, FL 32408

Local realty services provided by:Better Homes and Gardens Real Estate Historic
5518 Thomas Drive,Panama City, FL 32408
$1,500,000
  • 0.51 Acres
  • Lots / Land
  • Active
Listed by: beth christie, ramil zartdinov
Office: local insight realty
MLS#:781204
Source:FL_BCMLS

Price summary

  • Price:$1,500,000

About this home

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

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Home facts

  • Listing ID #:781204
  • Added:101 day(s) ago
  • Updated:February 10, 2026 at 03:24 PM

Structure and exterior

  • Lot area:0.51 Acres

Schools

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

Utilities

  • Sewer:Sewer Available

Finances and disclosures

  • Price:$1,500,000
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