The Princess is the single white tower with the green pyramid roof at 6415 Thomas Drive, sitting between Summerhouse and Summerwinds toward the state park end of Thomas Drive. It opened in 2001 and holds 74 condos, from 1,595-square-foot two-bedrooms up to a 4,635-square-foot penthouse. Anything for sale there right now shows in the listings above. The rest of this page is what I pulled from county and state records and from the rental company the owners run themselves.
View Princess Condos for SaleCall or Text Roger: 850-596-5844
Weighing Princess against other Thomas Drive buildings? My guide to Panama City Beach condos for sale lays out every building I cover by area, with what to check on HOA fees, rental rules, insurance and SIRS.
The red-roofed buildings just west are Summerhouse, which the state lists as three condominiums with 160 units between them, recorded from 1984 to 1987. Coral Reef, an 82-unit building from 1998, is past that. On the east side is Summerwinds, 72 units recorded in 1994, followed by Mariner West, Mariner East and then Watercrest, roughly a quarter mile down the beach. Across the street is a gas station.
Driving distances from the Princess, using the routes I mapped: Regency Towers 0.6 miles and Pelican Walk 0.7, in opposite directions. Schooners and Seychelles are both about 1.2 miles east, The Commodore 1.6, and the state park entrance 2.6. Heading west, Pineapple Willy's is 3.1 miles and Pier Park 8.7, close to 19 minutes. For more on the area, browse Lower Grand Lagoon listings or the Thomas Drive condo and home page.
A Princess unit's final two digits tell you the plan. Sizes and bedroom counts below come from the county appraiser and current MLS and rental listings.
The rental company says each condo has its own Gulf-view balcony with privacy walls, a wet bar with an ice maker or mini fridge, and a full-size washer and dryer.
Those two long, green-roofed buildings on either side of the parking lot are private garages, lettered E and W. On the county roll, some units carry a garage in their legal description, like 502 with W-10 or 303 with E-6, and a few garages are separate parcels with their own owners. Most units don't list one. If a garage matters to you, read the deed's legal description and don't rely on the listing remarks.
From the rental company's amenity page:
Florida's pool inspection records show four permits here (east pool, west pool, indoor pool and spa), all rated satisfactory on January 21, 2026. Each floor also has a trash chute by the east stairwell.
Princess Condo Rentals, Inc. works out of an office on site and, according to its website, has been owned by the Princess Owners' Association since 2006. The office is open 8 to 4 Monday through Saturday and 8 to noon Sunday (850-249-4970), and maintenance staff are there six days a week. Its nightly booking site listed 15 Princess units on October 8, 2026: four two-bedrooms, eight three-bedrooms and three four-bedrooms. It was also advertising a January snowbird rental. Stays carry a $140 resort fee that covers the amenities and a parking pass, and more passes cost $30. Nothing public says whether an owner may hire an outside company instead, so get that answer from the board.
Since the county, not the city, governs the Princess, the city's vacation rental registration doesn't cover it. The county's own certificate, created by Ordinance 23-18, is written for properties of 1 to 4 units, so a 74-unit tower isn't part of it at this point. You still need a transient lodging license from DBPR in your name or the manager's, and the state's sales tax plus the bed tax still apply. The Tax Collector now handles the bed tax; that switch from the Clerk took effect October 1, 2026. I lay out the rental question in this post on short-term renting a PCB condo.
Pets. The rental agreement says guests can't have pets in any rental or anywhere on the property, ever, and the booking pages mark every unit "no pets." I couldn't find the owners' pet rule, so ask for it before you buy.
Age. Nobody under 25 can check in without a parent, and the company won't book vacationing students.
Smoking. The property is smoke-free except for marked smoking areas, and that includes inside units and on balconies.
Milestone and SIRS. The Princess is outside the city, so Bay County's building department is the local office, and the county's code (Ordinance 23-32) sets the first milestone inspection at 25 years. Counting from a 2001 certificate of occupancy, that puts the first one at December 31, 2026, though some records date the building to 2000, so ask the board for the certificate date and the filing. A SIRS, the reserve study for structural items, is a separate requirement that many associations had to finish by the end of 2025. A records website compiled from state filings lists no SIRS for the Princess. Request the SIRS, the reserve schedule that came out of it, and any planned special assessment from the board. Details are in this milestone and SIRS guide I wrote.
Dues. Current MLS listings name association management, the clubhouse, cable, internet, the fitness room, pools, tennis court, grounds, pest control, water, sewer, trash, and legal and accounting fees as included. Some add insurance or security. None mention electricity. One listing quotes dues monthly and another quarterly, so ask the association how it bills and what the unit you're considering pays.
Flood map. FEMA's panel 12005C0319J (in effect since October 24, 2024) covers the property. The parcel crosses three zones: VE 13, meaning a 13-foot base flood elevation, on the Gulf side, then the shaded X zone and plain X. By my measurement, about 80% of the county's outline of the tower and its attached deck lands in VE 13 and the rest in X. One directory labels the whole property zone X, so look at the actual map lines before pricing insurance. More on how the zones work in my article on Bay County and 30A flood zones.
Elevator certificates. State records show one elevator certified through August 1, 2027 and the other two through August 1, 2026, so ask whether those two were renewed.
Financing. Lenders review the condo project as well as the borrower, so pick one that has recently closed loans at the Princess. Here's what makes a condo warrantable or not.
My standard review of reserves, insurance, estoppels and rental history doesn't change from building to building, so it's on one page: what I check when buying a PCB condo.
Start with size, since the 01/05, 02/04 and 03 stacks are very different homes. Then decide whether a garage is a must. Tell me both and the floors you'd take, and I'll send alerts only for matches. Or search the Princess map yourself.
Princess buyers will ask which stack the unit is in, whether a garage goes with it, what it earned through the on-site rental company, and what the association has done about its SIRS. Have your rental statements and upgrade receipts ready. Request a value for your condo, and I'll measure it against what sold lately in that stack.
Not by name. After the 12s, the numbering jumps to the 14s.
74, including three penthouses on the 17th floor.
Some do. Check the unit's legal description for a garage number.
No. The rental agreement bars pets from the whole property.
No. It's county territory, unincorporated Bay.
Mostly. About 80% of its outline falls in VE 13 on FEMA's 2024 map, and the landward part is X.
If a particular unit caught your eye, my number is 850-596-5844 for calls and texts. I'm Roger Rietsema, a Realtor since 2003, and I hang my license at Allison James Estates & Homes.
Pulled together on October 8, 2026, from:
Rules, dues and rental terms get updated; request current copies from the board.
