9900 S Thomas Drive #UNIT 2331, Panama City Beach, FL 32408
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast
9900 S Thomas Drive #UNIT 2331,Panama City Beach, FL 32408
$625,000
- 3 Beds
- 3 Baths
- 1,400 sq. ft.
- Condominium
- Active
Listed by: marcy l o'donnell
Office: luxe coastal realty
MLS#:995928
Source:FL_ECAR
Price summary
- Price:$625,000
- Price per sq. ft.:$446.43
About this home
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....
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Home facts
- Year built:2007
- Subdivision & Development:Shores Of Panama Phase I
- Listing ID #:995928
- Added:219 day(s) ago
- Updated:September 29, 2026 at 03:01 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:5
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric
- Living area:1,400 sq. ft.
Heating and cooling
- Central air:Yes
Structure and exterior
- Year built:2007
- Building area:1,400 sq. ft.
- Exterior Features:Balcony
Schools
- High school:Arnold
- Middle school:Breakfast Point
- Elementary school:Breakfast Point
Utilities
- Water:Public Water
Finances and disclosures
- Price:$625,000
- Price per sq. ft.:$446.43
- Tax amount:$6,693 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Washer
- Laundry features:Washer
- Amenities:Breakfast Bar
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