5518 Thomas Drive, Panama City, FL 32408
Local realty services provided by:CENTURY 21 AllPoints Realty
5518 Thomas Drive,Panama City, FL 32408
$1,400,000
- 0.51 Acres
- Lots / Land
- Active
Listed by: beth christie, ramil zartdinov
Office: local insight realty
MLS#:781168
Source:FL_BCMLS
Price summary
- Price:$1,400,000
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 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...
Contact an agent
Home facts
- Listing ID #:781168
- Added:171 day(s) ago
- Updated:April 15, 2026 at 02:48 PM
Structure and exterior
- Lot area:0.51 Acres
Utilities
- Sewer:Sewer Available
Finances and disclosures
- Price:$1,400,000
New listings near 5518 Thomas Drive
- New
$340,000Active4 beds 2 baths1,833 sq. ft.3540 Brentwood Place, Panama City, FL 32404
MLS# 788810Listed by: ERA NEUBAUER REAL ESTATE, INC - New
$259,950Active3 beds 2 baths1,270 sq. ft.6613 Slabinski Lane, Panama City, FL 32404
MLS# 788817Listed by: COUNTS REAL ESTATE GROUP - New
$349,900Active4 beds 2 baths1,400 sq. ft.16801 Lisbon Avenue, Panama City, FL 32413
MLS# 788818Listed by: BAY LIVING INC. - New
$479,000Active4 beds 2 baths2,282 sq. ft.1015 W 10th Court, Panama City, FL 32401
MLS# 788800Listed by: LEGACY PREMIER AGENCY - New
$199,900Active3 beds 2 baths1,304 sq. ft.523 E 8th Street, Panama City, FL 32401
MLS# 788805Listed by: CENTURY 21 COMMANDER REALTY - New
$720,000Active2 beds 2 baths1,367 sq. ft.6201 Thomas Drive #1510, Panama City, FL 32408
MLS# 788806Listed by: REALTY MARK ASSOCIATES - New
$270,000Active3 beds 2 baths1,287 sq. ft.3215 E 2nd, Panama City, FL 32401
MLS# 1001348Listed by: BEACHY BEACH REAL ESTATE - New
$229,000Active3 beds 2 baths1,404 sq. ft.6533 Dahlia Drive, Panama City, FL 32404
MLS# 1001350Listed by: BEACHY BEACH REAL ESTATE - New
$425,000Active3 beds 3 baths1,322 sq. ft.8730 Thomas Drive #409, Panama City, FL 32408
MLS# 788796Listed by: ENGEL & VOELKERS 30A BEACHES - New
$190,000Active3 beds 2 baths1,040 sq. ft.2730 Oak Hammock Drive, Panama City, FL 32401
MLS# 788792Listed by: COUNTS REAL ESTATE GROUP