9900 S Thomas DR #2331, Panama City Beach, FL 32408
9900 S Thomas DR #2331, Panama City Beach, FL 32408
9900 S Thomas DR #2331, Panama City Beach, FL 32408
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$645,000
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3 Beds
3 Baths
1,400 SqFt
Active

9900 S Thomas DR #2331 Panama City Beach, FL 32408

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Hudson "Mitch" Willis

Hudson "Mitch" Willis

+1(850) 756-1823

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,400 sqft

Price per Sqft $460

Subdivision Shores Of Panama Phase Ii

MLS Listing ID 784818

Style High Rise

Bedrooms 3

Full Baths 3

HOA Y/N Yes

Year Built 2007

Annual Tax Amount $6,693

Tax Year 2025

Property Sub-Type Condominium

Property Description

Investor opportunity in one of Panama City Beach's most recognizable beachfront resorts. This 3BR/3BA penthouse at Shores of Panama is uniquely positioned on the end of the U-shaped building, placing it directly on the Gulf with sweeping, unobstructed beach and water views. The expansive wrap-around balcony is a rare feature in the building and creates a premium guest experience that consistently drives stronger booking performance and higher nightly rates. From a rental perspective, this unit checks the boxes vacation guests actively search for: penthouse elevation, true Gulf-front exposure, large balcony space, and a full 3 bedroom / 3 bathroom layout that comfortably accommodates larger groups and families. These features tend to command higher ADRs and stronger occupancy compared to interior or lower-floor units. The bright kitchen opens to the living and dining areas, maximizing both natural light and the view corridor -- another key factor in guest reviews and repeat bookings. Additional value comes with the dedicated parking space and private storage closet, a sought-after bonus within Shores of Panama that enhances owner convenience and guest usability. Shores of Panama remains one of the most amenity-rich resorts on the beach, featuring a lagoon-style Gulf-front pool, hot tubs, fitness center, on-site dining, and direct beach access. The location places guests within walking distance of popular attractions including Pineapple Willy's, 810 Billiards & Bowling, and numerous dining and entertainment options, all of which help drive consistent rental demand.
Well-positioned 3BR units in this building commonly produce approximately $80,000-$90,000 annually in rental income, with potential upside into the $100,000+ range when professionally optimized. Opportunities to purchase a true beachfront 3BR penthouse with a wrap-around balcony in Shores of Panama are limited. For investors seeking a property with strong rental fundamentals and standout guest appeal, this unit offers a compelling combination of location, layout, and income potential.

Location

State FL

County Bay

Community Barbecue, Beach, Elevator, Fitness Center, Game Room, Pool, Storage Facilities, Waterfront, Community Pool, Short Term Rental Allowed

Area 03 - Bay County - Beach

Interior

Fireplace No

Appliance Electric Range, Electric Water Heater

Exterior

Pool Community

Community Features Barbecue, Beach, Elevator, Fitness Center, Game Room, Pool, Storage Facilities, Waterfront, Community Pool, Short Term Rental Allowed

Amenities Available Beach Rights, Game Room, Gazebo

Waterfront Description Gulf

View Y/N Yes

Water Access Desc Gulf

View Gulf

Porch Balcony

Private Pool No

Building

Architectural Style High Rise

New Construction No

Schools

Elementary Schools Breakfast Point

Middle Schools Breakfast Point

High Schools Arnold

Others

Restrictions Short Term Rentals Allowed

Tax ID 40000-675-298

Security Features Building Security,24 Hour Security,Security Service

Special Listing Condition Listed As-Is

Listed by Luxe Coastal Realty Group LLC

NEARBY SCHOOL & BUSINESS

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Hudson "Mitch" Willis

Hudson "Mitch" Willis

Team Leader of The Hudson Willis Group | License ID: 3508506

+1(850) 756-1823

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9900 S Thomas DR #2331