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9900 S Thomas Drive UNIT 2331, Panama City Beach, FL - photo 1

$625,000

9900 S Thomas Drive UNIT 2331

Panama City Beach, FL 32408

Estimated payment $3,750/month

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3Beds
3Baths
1,400Sq Ft
$446Price/Sq Ft

Preferred partner

Kinsfolk Realty

Kinsfolk Signature Realty

Powered by Hometrino

(813) 602-0498

Highlights

Built in 2007

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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Facts & features

Bedrooms & bathrooms

  • •Bedrooms:3
  • •Bathrooms:3
  • •Full bathrooms:0

Heating

  • •Has Heating:Yes

Interior area

  • •Total structure area:1,400 sqft
  • •Total interior livable area:1,400 sqft

Parking

  • •Parking features:N/A
  • •Garage spaces:0
  • •Has attached garage:No

Lot

  • •Size:N/A

Details

  • •Parcel number:N/A

Type & style

  • •Home type:Condominium
  • •Property subtype:Residential

Materials

  • • N/A

Condition

  • •Year built:2007

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Price history

DateEventPrice
2026-09-21T00:00:00.000ZListed for sale$625,000$446/sqft

Listing Agent

Marcy L O'Donnell

Luxe Coastal Realty

Brokerage Phone: 848-220-5555

Source: Emerald Coast MLS · MLS #995928

Data Powered by Home Junction, Inc.

Nearby

Schools

BREAKFAST POINT ACADEMY

Elementary · 2.0 mi

J.R. ARNOLD HIGH SCHOOL

High · 2.1 mi

HUTCHISON BEACH ELEMENTARY SCHOOL

Elementary · 2.5 mi

Supermarkets

Walmart Supercenter

0.4 mi

Florida Winery

0.9 mi

Newby's Trading Co. and Surf Shack

1.1 mi

Dining

Pineapple Willy's

0.1 mi

Tiki Bar

0.1 mi

Layla's Cafe

0.3 mi

Beaches

Panama City Beach

0.2 mi

Panama City Beaches

4.3 mi

St. Andrews State Park Beach

5.4 mi

Nearby amenity locations include data © OpenStreetMap contributors.