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Aaron Thompson

aaron.thompson@engelvoelkers.com +1(423) 413-8387

$ 630,000

Est. payment -/mo

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Active

9900 S Thomas DR #UNIT 2331 Panama City Beach, FL 32408

3 Beds

3 Baths

1,400 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,400 sqft

Price per Sqft $450

Subdivision Shores Of Panama Phase I

MLS Listing ID 995928

Bedrooms 3

Full Baths 3

HOA Fees $4,500/qua

HOA Y/N Yes

Year Built 2007

Annual Tax Amount $6,692

Tax Year 2025

Property Sub-Type Condominium

Source Emerald Coast Association of REALTORS®

Land Area 1400

Property Description

MAJOR PRICE IMPROVEMENT + SELLER TO PAY OFF SPECIAL ASSESSMENT AT CLOSING! This Gulf-front 3BR/3BA penthouse at Shores of Panama is now offered at $630K and represents one of the most compelling opportunities currently available in the building. Positioned on the coveted end of the U-shaped building, this penthouse offers sweeping Gulf views from a rare wrap-around balcony that creates the premium guest experience vacation renters actively seek. Penthouse elevation, true Gulf-front exposure, and a spacious 3-bedroom, 3-bathroom layout make this one of the most desirable rental configurations in the resort.
The unit also conveys with a dedicated parking space and private storage closet, valuable extras rarely found in competing properties. Even better, the sellers will pay off the current special assessment at closing, providing significant savings and peace of mind for the next owner. Shores of Panama features a lagoon-style Gulf-front pool, hot tubs, fitness center, on-site dining, direct beach access, and a prime location within walking distance of Pineapple Willy's, 810 Billiards & Bowling, shopping, and entertainment. Well-positioned 3BR units in the building commonly generate $80,000-$90,000+ annually in rental income, with upside potential beyond that when professionally optimized. For investors and second-home buyers alike, this is a rare opportunity to own a true Gulf-front penthouse at an exceptional value. 🌊💰🏖️ with upside into the $100K range when optimized.

Location

State FL

County Bay

Community Bbq Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Pool, Tv Cable, Waterfront

Area 27 - Bay County

Direction Traveling east on Front Beach Road, turn right on Thomas Drive and the building is at first curve in road on right.

Rooms

Primary Bedroom Level Main

Master Bedroom true

Kitchen true

Interior

Interior Features Breakfast Bar

Heating Central

Cooling Central Air

Furnishings Furnished - All

Window Features Window Treatment All

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect

Exterior

Exterior Feature Balcony, Balcony

Pool Pool Type

Community Features BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Pool, TV Cable, Waterfront

Utilities Available Electric, Public Water, TV Cable

Waterfront Description Gulf

View Gulf

Accessibility 709

Garage No

Building

Faces Traveling east on Front Beach Road, turn right on Thomas Drive and the building is at first curve in road on right.

Sewer Public Sewer

New Construction No

Schools

Elementary Schools Breakfast Point

Middle Schools Breakfast Point

High Schools Arnold

Others

Pets Allowed No

HOA Fee Include Ground Keeping, Internet Service, Master Association, Sewer, TV Cable, Trash, Water

Tax ID 40000-675-298

Listed by Marcy L O'Donnell Luxe Coastal Realty

NEARBY SCHOOLS & PROPERTIES

Aaron Thompson

Advisor | License ID: SL3519273

+1(423) 413-8387

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