9900 S Thomas Drive Unit 2331, Panama City Beach, FL

$625,000

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3

Beds

3

Baths

1,400

Square feet

About 9900 S Thomas Drive Unit 2331

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.

Features of 9900 S Thomas Drive Unit 2331

MLS® # 995928
Price $625,000
Bedrooms 3
Bathrooms 3.00
Full Baths 3
Square Footage 1,400
Year Built 2007
Type Residential
Sub-Type Condominium
Style N/A
Status Active

Community Information

Address 9900 S Thomas Drive Unit 2331
Area 27 - Bay County
Subdivision Shores Of Panama Phase I
City Panama City Beach
County Bay
State FL
Zip Code 32408

Amenities

Utilities Electric, Public Sewer, Public Water, TV Cable
View Gulf
Is Waterfront Yes
Waterfront Gulf

Interior

Interior Features Breakfast Bar
Appliances Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Water Heater
Heating Central
Cooling Central Air

Exterior

Exterior Features Balcony
Windows Window Treatments
Construction Concrete, Masonite, Stucco

School Information

Elementary Breakfast Point
Middle Breakfast Point
High Arnold

Listing Details

OfficeLuxe Coastal Realty

Listing Map

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