Three-Story Beach Home on Iconic South Thomas Drive - Walk to the Beach! This spacious 4-bedroom, 4-bathroom home (2,367 sq ft) in the desirable Panama Dunes community offers the perfect blend of location, layout, and lifestyle potential. Just 0.2 miles (a 5-minute walk) to Bay County Public Beach Access #12 -- easy access to put your toes in the sand. Boater's Dream Location Four public boat ramps are conveniently nearby along South Lagoon Drive, with the closest just 0.5 miles away (near Quail Street and Raven Street). For larger vessels, dry storage and wet slips are available less than 2 miles away at Pirate's Cove Marina (up to 37' dry / 70' wet) and Treasure Island Marina (up to 46' dry / 60' wet). Community & Convenience Panama Dunes is nestled between Holiday Beach and Biltmore Beach in the charming Lower Grand Lagoon area. Enjoy nearby dining, and entertainment. Grocery shopping at Magnolia Plaza is just 2.8 miles away, home to Publix, Aldi, and more. Thoughtful Floor Plan * Ground Level: 444 sq ft 2-car garage, guest bedroom suite with kitchenette, full bathroom, and covered patio. * Second Level: Open-concept kitchen, dining, and living area with balcony, additional bedroom, full bathroom, and laundry room. * Third Level: Fourth bedroom with en-suite bathroom, primary suite with luxurious spa bathroom, and a balcony offering partial Gulf of Mexico views. All patios and balconies face southeast, overlooking the community greenspace and pool area -- perfect for relaxing or entertaining. Priced to reflect the opportunity for exterior and interior updates, this as-is home is ideal for a primary residence, second home, or short-term rental investment in a prime beach-adjacent location. Schedule your private tour today and imagine the possibilities! Disclaimer: Interior photos are archival, furniture and decor pictured is not representative of what is currently present in the home.