Thomas Drive Park U-5 Homes with False Waterfront

Thomas Drive Park U-5 Homes with False Waterfront

Welcome to Thomas Drive Park U-5, a hidden gem nestled in the heart of Panama City Beach, Florida. This charming subdivision offers a perfect blend of coastal living and community spirit, making it an ideal location for families, retirees, and anyone looking to enjoy the serene beauty of the Gulf Coast.

Thomas Drive Park U-5 is characterized by its delightful homes that exude a warm, inviting atmosphere. Many of these properties boast false waterfront views, allowing residents to enjoy the aesthetic appeal of coastal living without the premium price tag. Imagine waking up each morning to the gentle sounds of the waves and the sight of palm trees swaying in the breeze, all from the comfort of your own home.

The subdivision is conveniently located just minutes away from the pristine beaches of Panama City, where you can indulge in sun-soaked days and vibrant sunsets. Local amenities, including shops, restaurants, and recreational facilities, are within easy reach, ensuring that everything you need is just a stone's throw away.

Outdoor enthusiasts will appreciate the nearby parks and nature trails, perfect for leisurely strolls or invigorating bike rides. With a friendly community atmosphere and a variety of activities to enjoy, Thomas Drive Park U-5 is more than just a place to live; it’s a lifestyle.

Whether you're looking for a vacation home or a permanent residence, Thomas Drive Park U-5 offers the perfect backdrop for your next chapter. Discover the charm and tranquility of this delightful subdivision today!

Newest Thomas Drive Park U-5 Homes with False Waterfront

7308 Kingman St, Panama City Beach
$775,000
8 Beds ⋅ 8 Baths ⋅ 1014155 MLS ⋅ 4,464 SqFt.
Forget rental projections! This FOURPLEX generated $70,000 in rental income LAST YEAR! We're talking about FOUR fully occupied units, long-term tenants who've been here for over 5 years, and a prime Panama City Beach location directly across from the Navy base and just minutes from the beach. And here's the BONUS... an additional approx. 0.274-acre parcel of land is INCLUDED in the price! Now THAT'S what I call an investment opportunity! Welcome to 7308 Kingman Street, an income-producing fourplex offering immediate rental income with room for future growth! The property consists of four separate townhome-style units, each featuring 2 bedrooms and 1.5 bathrooms. All four units are currently occupied, providing an established rental history without the need to start from scratch finding tenants. The property has a new roof installed in 2018, and one of the HVAC systems was replaced in 2025. New Drain Field $15k installed recently. With long-term tenants already in place and the potential to increase rents over time, this property offers an opportunity for investors looking to grow their rental income. But what really sets this investment apart is the additional approx. 0.274-acre parcel included in the sale! Whether you're considering future development, expansion, or simply holding the land as a separate asset, this extra parcel adds another layer of potential. A property survey is available for review. Location is another major advantage! Situated directly across from Naval Support Activity Panama City and just minutes from the beautiful beaches of Panama City Beach, shopping, grocery stores, restaurants, and everyday conveniences, this property is positioned in an area with multiple sources of rental demand. Four income-producing units, $70,000 in last year's rental income, established tenants, and an additional parcel of land, all in one purchase! Opportunities like this are worth a closer look. Contact us today for additional financial information, the survey, or to schedule a private showing.

7308 Kingman St, Panama City Beach
7308 Kingman Street, Panama City Beach
$775,000
8 Beds ⋅ 8 Baths ⋅ 796884 MLS
Forget rental projections! This FOURPLEX generated $70,000 in rental income LAST YEAR! We're talking about FOUR fully occupied units, long-term tenants who've been here for over 5 years, and a prime Panama City Beach location directly across from the Navy base and just minutes from the beach. And here's the BONUS... an additional approx. 0.274-acre parcel of land is INCLUDED in the price! Now THAT'S what I call an investment opportunity! Welcome to 7308 Kingman Street, an income-producing fourplex offering immediate rental income with room for future growth! The property consists of four separate townhome-style units, each featuring 2 bedrooms and 1.5 bathrooms. All four units are currently occupied, providing an established rental history without the need to start from scratch finding tenants. The property has a new roof installed in 2018, and one of the HVAC systems was replaced in 2025. New Drain Field $15k installed recently. With long-term tenants already in place and the potential to increase rents over time, this property offers an opportunity for investors looking to grow their rental income. But what really sets this investment apart is the additional approx. 0.274-acre parcel included in the sale! Whether you're considering future development, expansion, or simply holding the land as a separate asset, this extra parcel adds another layer of potential. A property survey is available for review. Location is another major advantage! Situated directly across from Naval Support Activity Panama City and just minutes from the beautiful beaches of Panama City Beach, shopping, grocery stores, restaurants, and everyday conveniences, this property is positioned in an area with multiple sources of rental demand. Four income-producing units, $70,000 in last year's rental income, established tenants, and an additional parcel of land, all in one purchase! Opportunities like this are worth a closer look. Contact us today for additional financial information, the survey, or to schedule a private showing.

7308 Kingman Street, Panama City Beach
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