9900 S Thomas Dr Unit UNIT 2331, Panama City Beach, FL 32408
- $625,000
- 3
- BD
- 3
- BA
- 1,400
- SqFt
- List Price
- $625,000
- Price Change
- ▼ $5,000 1784610184
- Days on Market
- 156
- MLS#
- 995928
- Status
- ACTIVE
- Type
- Condo
- Subtype
- Condominium
- Bedrooms
- 3
- Bathrooms
- 3
- Full Bathrooms
- 3
- Living Area
- 1,400
- Neighborhood
- Beach - Central South
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.
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Additional Information
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Water Heater
- Elementary School
- Breakfast Point
- Exterior Features
- Balcony
- High School
- Arnold
- Interior Features
- Breakfast Area
- Legal Description
- SHORES OF PANAMA II UNIT 2331 TYPE U ORB 2835 P 434 3BR 3BA ORB 4438 P 370 1400 TOTAL SF . PK SP #206
- Middle School
- Breakfast Point
- Neighborhood
- Beach - Central South
- Community Features
- BBQ Pit/Grill, Beach Access, Community Room, Deed Access, Dumpster, Elevator, Exercise Room, Pool, Cable TV, Water Access
- Subdivision
- Shores Of Panama Phase I
- Waterfront Features
- Gulf
- View
- Gulf
- Year Built
- 2007
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Listing courtesy of Luxe Coastal Realty.
Vendor Member Number : 28166