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9900 S Thomas Drive , #2331

Panama City Beach, FL 32408
  • $645,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 784818
UPDATED: 42 min ago
$645,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,400
    SQFT
  • $461
    $/SQFT
Type:
Condo
Built:
2007
County:
Bay

School Information

Elementary School:
Middle School:
High School:

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.

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© 2026 Central Panhandle 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 Waves and Woods Realty. Data last updated: 2026-04-19T07:04:22.027.
www.wavesandwoodsfl.com/homes/172811989
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9900 S Thomas Drive , #2331 Panama City Beach, FL 32408

  • Price: $645,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 42 min ago
  • MLS #: 784818
3
Beds
3
Baths
0
½ Baths
N/A
Acres
1,400
SQFT
$461
$/SQFT
2007
Built
Neighborhood:
Shores Of Panama Phase Ii
County:
Bay
Area:
Bay County-Beach
Elementary School:
Breakfast Point
Middle School:
Breakfast Point
High School:
Arnold
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.
Exterior Features

Architectural Style High Rise Attached Garage YN No Garage YN No Patio And Porch Features Balcony Pool Features Community Spa Features Community View Gulf View YN Yes

Interior Features

Appliances Electric Range Electric Water Heater Building Features Dumpster Rooms Bedroom (First Level) Bedroom (First Level) Primary Bedroom (First Level) Units Furnished All Units

Property Features

Association Amenities Beach Rights Game Room Gazebo Association YN Yes Community Features Barbecue Beach Elevator Fitness Center Game Room Pool Storage Facilities Waterfront Community Pool Short Term Rental Allowed Listing Service Full Service Lot Size Dimensions N / A New Construction YN No Occupant Type Tenant Property Sub Type Condominium Property Sub Type Additional Condominium Security Features Building Security24 Hour Security Security Service Special Listing Conditions Listed As- Is Tax Annual Amount 6693 Tax Year 2025 Waterfront Features Gulf Waterfront YN Yes

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Luxe Coastal Realty Group LLC: 848-220-5555. Listing information © 2026 Central Panhandle Association of Realtors MLS.


© 2026 Central Panhandle 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 Waves and Woods Realty. Data last updated: 2026-04-19T07:04:22.027.
 
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