9900 S Thomas Drive #2331, Panama City Beach, FL 32408
Local realty services provided by:Better Homes and Gardens Real Estate Historic
9900 S Thomas Drive #2331,Panama City Beach, FL 32408
$645,000
- 3 Beds
- 3 Baths
- 1,400 sq. ft.
- Condominium
- Active
Listed by: marcy l o'donnell
Office: luxe coastal realty group llc.
MLS#:784818
Source:FL_BCMLS
Price summary
- Price:$645,000
- Price per sq. ft.:$460.71
About this home
Investor opportunity in one of Panama City Beach's most recognizable beachfront resorts. This 3BR/3BA penthouse at Shores of Panama is uniquely positioned on the end of the U-shaped building, placing it directly on the Gulf with sweeping, unobstructed beach and water views. The expansive wrap-around balcony is a rare feature in the building and creates a premium guest experience that consistently drives stronger booking performance and higher nightly rates. From a rental perspective, this unit checks the boxes vacation guests actively search for: penthouse elevation, true Gulf-front exposure, large balcony space, and a full 3 bedroom / 3 bathroom layout that comfortably accommodates larger groups and families. These features tend to command higher ADRs and stronger occupancy compared to interior or lower-floor units. The bright kitchen opens to the living and dining areas, maximizing both natural light and the view corridor -- another key factor in guest reviews and repeat bookings. Additional value comes with the dedicated parking space and private storage closet, a sought-after bonus within Shores of Panama that enhances owner convenience and guest usability. Shores of Panama remains one of the most amenity-rich resorts on the beach, featuring a lagoon-style Gulf-front pool, hot tubs, fitness center, on-site dining, and direct beach access. The location places guests within walking distance of popular attractions including Pineapple Willy's, 810 Billiards & Bowling, and numerous dining and entertainment options, all of which help drive consistent rental demand.
Well-positioned 3BR units in this building commonly produce approximately $80,000-$90,000 annually in rental income, with potential upside into the $100,000+ range when professionally optimized. Opportunities to purchase a true beachfront 3BR penthouse with a wrap-around balcony in Shores of Panama are limited. For investors seeking a property with strong rental fundamentals and standout guest appeal, this unit offers a compelling combination of location, layout, and income potential....
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Home facts
- Year built:2007
- Listing ID #:784818
- Added:40 day(s) ago
- Updated:March 19, 2026 at 02:37 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:3
- Kitchen Description:Electric Range, Electric Water Heater
- Living area:1,400 sq. ft.
Structure and exterior
- Year built:2007
- Building area:1,400 sq. ft.
- Architectural Style:High Rise
- Exterior Features:Balcony
Schools
- High school:Arnold
- Middle school:Breakfast Point
- Elementary school:Breakfast Point
Finances and disclosures
- Price:$645,000
- Price per sq. ft.:$460.71
- Tax amount:$6,693 (2025)
Features and amenities
- Amenities:Beach Rights, BuildingSecurity, ElectricRange, ElectricWaterHeater, SecurityService
- Pool features:Community
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