6627 Thomas Dr 605, Panama City Beach

Bay County Real Estate - Panama City Beach

Panama City Beach, positioned along Florida's gulf coast, has been called the "spring break capital of the world," attracting tens of thousands of college and high school students every year. In the early 2000s, high-rise condominiums and larger homes replaced small houses and run down motels, boosting the city's real estate market at the time. The City's white sand beaches, shopping, and numerous tourist attractions attract more than just spring breakers. Visitors of all ages frequent the city year round.

Panama City Beach is in North West Florida. It's population as recorded in the 2010 Census was 12,018. Panama City Beach is approximately 9 miles from Panama City (population 36,484) and around 51 miles from Fort Walton Beach (population 19,507).

The median age for residents of Panama City Beach is 40.9. Around 23.9% of Panama City Beach households include school aged children and 25.4% of households include individuals aged 65 years or over. Census records indicate 89.5% of the Panama City Beach population are White, 2.2% are Black or African American, .5% American Indian, 2.7% Asian and 3% are Two or more Races.

There are 17,141 housing units in Panama City Beach. 11,724 (68.3%) of these were reported as vacant in the 2010 Census. Panama City Beach is a tourist destination, 49% (5,746) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 7,028 residential rental units in Panama City Beach. 2,532 of them were occupied in 2010 providing a residential rental vacancy rate of 62.7%.

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Bay County

Bay County is part of the Northwest Florida region, along with Santa Rosa, Escambia, Walton, Holmes, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. The largest industries by employment for Bay County are educational, health and social services; retail trade, and arts, entertainment, recreation, accommodation and food services. Bay County's white sand beaches and clear blue waters attract many visitors year round.

Top private sector employers in Bay County are Bay Medical center, Wal-Mart, Eastern Ship Building, Gulf Coast Medical Center, and Smurfit- Stone Container Corporation. Major public sector employers are Tyndall Air Force Base, Naval Support, Bay District schools, Gulf Coast State College, City of Panama City, Bay County Board, and Bay County Sheriff. Cities and towns in Bay County include Callaway, Lynn Haven, Mexico Beach, Panama City (county seat), Panama City Beach, Parker, and Springfield.

Neighboring Properties

AddressTypeSq FtClass 
6627 Thomas Dr 604 Condominium 1,447 A
6627 Thomas Dr 606 Condominium 1,636 A
6627 Thomas Dr 705 Condominium 1,636 A
6627 Thomas Dr 505 Condominium 1,636 A
6627 Thomas Dr 704 Condominium 1,447 A
6627 Thomas Dr 506 Condominium 1,636 A
6627 Thomas Dr 706 Condominium 1,636 A
6627 Thomas Dr 504 Condominium 1,447 A
6627 Thomas Dr 805 Condominium 1,636 A
6627 Thomas Dr 405 Condominium 1,636 A
6627 Thomas Dr 603 Condominium 1,447 A
6627 Thomas Dr 607 Condominium 2,647 A
6627 Thomas Dr 806 Condominium 1,636 A
6627 Thomas Dr 404 Condominium 1,447 A
6627 Thomas Dr 804 Condominium 1,447 A
6627 Thomas Dr 406 Condominium 1,636 A
6627 Thomas Dr 707 Condominium 2,647 A
6627 Thomas Dr 503 Condominium 1,447 A
6627 Thomas Dr 703 Condominium 1,447 A
6627 Thomas Dr 507 Condominium 2,647 A
6627 Thomas Dr 807 Condominium 2,647 A
6627 Thomas Dr 403 Condominium 1,447 A
6627 Thomas Dr 803 Condominium 1,447 A
6627 Thomas Dr 407 Condominium 2,647 A
6627 Thomas Dr 905 Condominium 1,636 A
6627 Thomas Dr 305 Condominium 1,636 A
6627 Thomas Dr 602 Condominium 1,636 A
6627 Thomas Dr 702 Condominium 1,636 A
6627 Thomas Dr 904 Condominium 1,447 A
6627 Thomas Dr 306 Condominium 1,636 A
6627 Thomas Dr 502 Condominium 1,636 A
6627 Thomas Dr 906 Condominium 1,636 A
6627 Thomas Dr 304 Condominium 1,447 A
6627 Thomas Dr 903 Condominium 1,447 A
6627 Thomas Dr 307 Condominium 2,647 A
6627 Thomas Dr 402 Condominium 1,636 A
6627 Thomas Dr 907 Condominium 2,647 A
6627 Thomas Dr 303 Condominium 1,447 A
6627 Thomas Dr 802 Condominium 1,636 A
6627 Thomas Dr 601 Condominium 2,274 A
6627 Thomas Dr 1005 Condominium 1,636 A
6627 Thomas Dr 205 Condominium 1,636 A
6627 Thomas Dr 1006 Condominium 1,636 A
6627 Thomas Dr 204 Condominium 1,447 A
6627 Thomas Dr 1004 Condominium 1,447 A
6627 Thomas Dr 206 Condominium 1,636 A
6627 Thomas Dr 501 Condominium 2,274 A
6627 Thomas Dr 701 Condominium 2,274 A
6627 Thomas Dr 902 Condominium 1,636 A

Local Household Income

The median household income in this part of Florida is $57,128. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $136,019 per year. The top 1% earn more than $426,588 per year. Most renters earn between $29,172 (20th percentile) and $54,264 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $114,256 and $142,820.

The tax assessed value of this property places it in percentile 94 of all properties in this area. This suggests it would appeal to someone earning around $165,141 per year who should qualify for a mortgage between $330,282 and $412,853.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $937. Most renters earn between $2,431 and $4,522 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $665 (20th percentile) to $1,275 (80th percentile) range. The residential vacancy rate is 18%.

This property falls in percentile 94 of all properties in this area. This corresponds to a rent of $1,666 per month and a monthly household income of $5,906 ($70,872 per year)

Nearby Companies

Ahr Services LLC
6609 Thomas Dr
Coral Reef Owners Association, Inc.
6609 Thomas Dr
Coastal Real Estate Group, Inc.
6618 Gulf Dr
Blue Ridge E & A LLC
6627 Thomas Dr
Southern And Coastal Investments, LLC
6627 Thomas Dr
Sterling Beach Owners' Association, Inc.
6627 Thomas Dr
Disclaimers and Disclosures

Public Records Data

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