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9900 S Thomas Drive , Unit 2331

Panama City Beach, FL 32408
  • $645,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 995928
Price Reduced
UPDATED: 66 min ago
$645,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,400
    SQFT
  • $461
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2007
County:
Bay
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Investor opportunity at Shores of Panama. This 3BR/3BA penthouse sits on the coveted end of the U-shaped building, placing it directly on the Gulf with sweeping beach views from an expansive wrap-around balcony, a rare feature that strongly appeals to vacation renters. The spacious layout comfortably accommodates larger groups, one of the most sought-after segments of the PCB rental market. Penthouse elevation, Gulf-front exposure, and the 3-bedroom configuration give this unit a competitive advantage for both nightly rate and occupancy. Shores of Panama offers a lagoon-style Gulf-front pool, hot tubs, fitness center, and direct beach access, all within walking distance of Pineapple Willy's and area attractions. Well-positioned 3BR units here generate approximately $80K-$90K annually with upside into the $100K range when optimized.

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© 2026 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Beasley Group | Compass. Vendor Member number: 28178. Data last updated: 2026-03-13T18:00:40.103.
Vendor Member #28178.
www.lp30a.com/homes/173248497
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9900 S Thomas Drive , Unit 2331 Panama City Beach, FL 32408

  • Price: $645,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 66 min ago
  • MLS #: 995928
3
Beds
3
Baths
0
½ Baths
N/A
Acres
1,400
SQFT
$461
$/SQFT
2007
Built
Neighborhood:
Shores Of Panama Phase I
County:
Bay
Area:
Bay County
Elementary School:
Breakfast Point
Middle School:
Breakfast Point
High School:
Arnold
Property Description
Investor opportunity at Shores of Panama. This 3BR/3BA penthouse sits on the coveted end of the U-shaped building, placing it directly on the Gulf with sweeping beach views from an expansive wrap-around balcony, a rare feature that strongly appeals to vacation renters. The spacious layout comfortably accommodates larger groups, one of the most sought-after segments of the PCB rental market. Penthouse elevation, Gulf-front exposure, and the 3-bedroom configuration give this unit a competitive advantage for both nightly rate and occupancy. Shores of Panama offers a lagoon-style Gulf-front pool, hot tubs, fitness center, and direct beach access, all within walking distance of Pineapple Willy's and area attractions. Well-positioned 3BR units here generate approximately $80K-$90K annually with upside into the $100K range when optimized.
Exterior Features

Architectural Style N/A Carport YN No Construction Materials ConcreteMasoniteStucco Covered Spaces 1 Exterior Features Balcony Lot Features [] Parking Features [] Pool YN Yes Road Frontage Type [] Road Surface Type [] View Gulf Waterfront Features Gulf

Interior Features

Appliances DishwasherDisposalMicrowaveRefrigeratorStove/Oven ElectricWasherWater Heater - Elect Cooling Central Air Cooling YN Yes First Floor Bedroom Yes Heating Central Heating YN Yes Interior Features Breakfast Bar Primary Bedroom First Floor Yes Rooms Total 5

Property Features

Association Fee Frequency Quarterly Association Fee Includes Ground KeepingInternet ServiceMaster AssociationSecuritySewerWaterCable TVTrash Association Fee2 4500 Association YN Yes Buyer Financing Conventional Community Features BBQ Pit/GrillBeachCommunity RoomDeed AccessDumpsterElevatorsExercise RoomPoolTV CableWaterfront Green Energy Efficient [] New Construction YN No Number Of Units In Community 709 Pool Type Community Property Condition Construction Complete Property Sub Type Condominium Special Listing Conditions [] Tax Amount 6692.58 Tax Year 2025 Utilities ElectricPublic WaterTV Cable

Listing courtesy of Luxe Coastal Realty: 848-220-5555.


© 2026 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Beasley Group | Compass. Vendor Member number: 28178. Data last updated: 2026-03-13T18:00:40.103.
Vendor Member #28178.
 
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The Beasley Group | Compass
2048 W Co Hwy 30A, Ste 107
Santa Rosa Beach FL, 32459