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9900 S Thomas Drive, Unit 2331, Panama City Beach, FL 32408

$625,000
  • 9900 S Thomas Drive, Unit 2331, Panama City Beach, FL 32408 Main Photo

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Active Price Reduced by $5,000 on July 20th, 2026
BEDS3 BATHS3 full SQUARE FEET1,400 MLS#995928
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONShores Of Panama Phase I

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.

9900 S Thomas Drive, Unit UNIT 2331 | MLS# 995928

This condo located at 9900 S Thomas Drive, Unit UNIT 2331, Panama City Beach, FL 32408 is currently listed for sale with an asking price of $625,000. This property was built in 2007 and has 3 bedrooms and 3 full baths with 1400 sq. ft. S Thomas Drive, Unit UNIT 2331 is located in the Shores Of Panama Phase I subdivision. Search Shores Of Panama Phase I real estate on www.premierfl.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Central Air
Heating: Central
Home Style: N/A
Stories: 23.0
Taxes: $6,692
Year Built: 2007

Feature Descriptions

Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
Association Fee Includes: Ground Keeping, Internet Service, Master Association, Security, Sewer, Water, Cable TV, Trash
Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Pool, TV Cable, Waterfront
Days on Site: 149
Exterior: Concrete, Masonite, Stucco
Exterior: Balcony
Financing Terms: Conventional
HOA: Yes
Interior: Breakfast Bar
Parcel Number: 40000-675-298
Pool Features: Pool Type
Property Condition: Construction Complete
Rooms Total: 5
Sewer: Public Sewer
Special View Info: Gulf
Sub Type: Condominium
Utilities: Electric, Public Water, TV Cable
Waterfront: Gulf
Window: Window Treatment All

Room Sizes

Primary Bedroom: 14 X 12 Level - First
Bedroom: 12 X 12 Level - First
Bedroom: 14 X 11 Level - First
Living Room: 15 X 14 Level - First
Kitchen: 12 X 10 Level - First

Local Schools

High School: Arnold
Middle School: Breakfast Point
Elementary School: Breakfast Point

Listed By / Shown By

Listed By

Agency Name: Luxe Coastal Realty

Shown By

Agency Title: Premier Property Group
Agency Phone: 850-337-1555

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Estimated Payment

$ 2,130.94 per month $1,390.98 Principal & Interest $557.67 Property Tax $182.29 Homeowner's Insurance

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