Beach Homes Realty
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9900 s thomas drive

Panama City Beach, FL 32408

$625,000

3 BEDS 3 BATHS
Residential - Condo
WaterfrontPrice Changed
Image 1: 11-web-or-mls-9900 S Thomas Dr 2331 -11
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Bedrooms 3
Total Baths 3
Status Active
MLS # 995928
County Bay
More Info
Category Residential - Condo
Status Active
MLS # 995928
County Bay
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 not available
Listing
Street
Satellite

Exterior Features

  • Style N/A
  • Construction Condo
  • Exterior Balcony
  • Garage No
  • Sewer Public Sewer

Interior Features

  • Appliances Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
  • Heating Central
  • Year Built 2007
  • Stories 23

Neighborhood & Schools

  • Subdivision Shores Of Panama Phase I
  • Elementary School Breakfast Point
  • Middle School Breakfast Point
  • High School Arnold

Financial Information

  • Parcel ID 40000-675-298

Additional Services

Internet Service Providers

Listing Information

Listing Provided Courtesy of Luxe Coastal Realty
Emerald Coast Association of REALTORS
Listing data is current as of 07/24/2026.

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