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9900 Thomas Drive 2331
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PRICED AT ONLY: $645,000

Address: 9900 Thomas Drive 2331, Panama City Beach, FL 32408

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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More Like This
  • MLS#: 784818 ( Residential )
  • Street Address: 9900 Thomas Drive 2331
  • Viewed: 8
  • Price: $645,000
  • Price sqft: $461
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Gulf
  • Year Built: 2007
  • Bldg sqft: 1400
  • Bedrooms: 3
  • Total Baths: 3
  • Full Baths: 3
  • Days On Market: 67

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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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Arnold
  • Middle School: Breakfast Point
  • School Elementary: Breakfast Point
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Pool Features: Community
Utilities
  • Carport Spaces: 0.00
Amenities
  • Association Amenities: BeachRights, GameRoom, Gazebo
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2025
  • Trash Expense: 0.00
Other Features
  • Appliances: ElectricRange, ElectricWaterHeater
  • 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
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Tenant
  • Parcel Number: 40000-675-298
  • Style: HighRise
  • The Range: 0.00
  • Unit Number: 2331
  • View: Gulf
Nearby Subdivisions
[no Recorded Subdiv]   Bay Point Golf Villas I   Bay Point Golf Villas Ii   Bay Point Grand Residences   Bay Point Harbour Villas   Bay Point Studio Villas Unit 2   Bay Point Studio Villas Unit 3   Boardwalk Central   Bonita Point   Dockside North   Dunes Of Panama Phase I   Dunes Of Panama Phase Iii   Dunes Of Panama Phase Iv   Dunes Of Panama Phase V   Grand Lagoon Cove Condominium   Grande Surf Club Condo   Greenwood Estates 1   Greenwood Estates 5   Greenwood Estates 6   Gulf Crest Condo   Gulfside Condo.   Holiday Point   Laketown Wharf   Laketown Wharf Phase Ii   Largo Mar Condo   Legand Villas   Magnolia Bay Club   Magnolia Plantation   Marina Club Village   Mariner West Condo   Merrimac Resort Condo Ph 1   Moondrifter   No Named Subdivision   Palisades Condo Ph 1   Pelican Walk   Plazas Of St.thomas I   Princess Condo   Reflections   Regency Towers   Sand Castles Villas Condo   Seychelles Resort Condominium   Shade Tree Condo Ph Ii   Shores Of Panama   Shores Of Panama Phase I   Shores Of Panama Phase Ii   St Andrews Harbour   Sterling Beach Condo   Stingray Condo.   Sugar Beach Condo   Summerhouse Condo.   Summit   Sunbird Condo   The Commodore   The Summit   Top Of The Gulf Condo.   Treasure Cove Condo.   Treasure Island   Treasure Island Resort   Venture Out Travel Trail   Villas Of St. Thomas 1   Villas Of St. Thomas 3   Villas Of St. Thomas 5   Watercrest Condo   Waterhaven  
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