5518 Thomas Drive, Panama City, FL, 32408

5518 Thomas Drive, Panama City, FL, 32408

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$1,500,000
131 Days On Site

5518 Thomas Drive
Panama City, FL 32408

For Sale|Land|Active
Subdivision:
Gulf Lagoon Beach
County:
Bay
Listing courtesy of Beth Christie of Local Insight Realty
Call Now: 850-786-3054
Is this the listing for you? We can help make it yours.
850-786-3054
5518 Thomas Drive5518 Thomas Drive5518 Thomas Drive5518 Thomas Drive
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Monthly Payment (Est.)

$6,844
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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

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Listing Snapshot
Price 
$1,500,000
Days On Site 
131 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.51 Acres
Year Built 
N/A
MLS® Number 
781168
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoListing first seen on site
4 months agoListing updated with changes from the MLS®
General Features
Acres 
0.51
Utilities 
Sewer Available
Zoning 
General Commercial
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Exterior Features
Lot Features 
Waterfront
Road Frontage 
County Road
View 
Water
Waterfront 
Yes
Waterview 
Water
Community Features
MLS Area 
03 - Bay County - Beach
Roads 
Paved
Listing courtesy of Beth Christie of Local Insight Realty



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Central Panhandle Association of REALTORS MLS.
Last checked: 2026-03-15 03:29 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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