GREAT INVESTMENT PROPERTY THAT IS TURNKEY READY!
Step into Boardwalk Unit 303, a beautifully maintained Gulf-front condo offering strong rental potential, exceptional guest reviews, and plenty of opportunity for owner enjoyment. This 2-bedroom, 2-bath retreat is situated on a desirable lower level, offering convenience, privacy, and incredible Gulf views.
AirDNA projects annual rental revenue of approximately $49,500 at just 58% occupancy, with an average daily rate of $236, giving owners the flexibility to generate rental income while still enjoying the condo themselves. The current owners have done exactly that, using the property personally while maintaining impressive rental performance. Even better, this unit has earned 75 five-star reviews on VRBO, demonstrating its proven guest appeal and repeat-worthy experience. VRBO Listing #1201224 is available for reference.
Beautifully appointed with Restoration Hardware furnishings, high-end blackout curtains, top-of-the-line mattresses, and luxurious bedding, this condo is truly turnkey and ready to rent from day one. From sunrise to sunset, enjoy unobstructed panoramic Gulf views from the private balcony.
The open floor plan creates a bright and inviting living space, flowing seamlessly from the upgraded kitchen with granite countertops, stainless steel appliances, and breakfast bar into the Gulf-front living area. The Gulf-front primary suite features balcony access, a soaking tub, walk-in shower, double vanity, and large closet. The private second bedroom offers its own full bath, providing excellent privacy for guests. Additional features include in-unit laundry, crown molding, and elevated coastal design details throughout.
Boardwalk Beach Resort remains one of PCB's premier Gulf-front destinations, offering a zero-entry Gulf-front pool, two hot tubs, splash pad, on-site bar and grill, sauna, convenience shop, 24-hour gated security, and covered garage parking. With expansive beach frontage and excellent walkability to restaurants, events, and attractions, the location continues to be a favorite among vacationers.
With Tootsies open nearby, the area is positioned to offer even more dining, nightlife, and entertainment within easy reach.
NOW OFFERED AT A NEW REDUCED PRICE, Boardwalk Unit 303 presents an outstanding opportunity for buyers looking for a turnkey investment property with projected rental income, a proven five-star guest history, and the flexibility to enjoy their own piece of the Gulf Coast.
For sale
Price cut: $20K (8/21)
$529,000
9450 Thomas Dr #303C, Panama City Beach, FL 32408
2beds
1,152sqft
Condominium
Built in 2005
-- sqft lot
$502,000 Zestimate®
$459/sqft
$1,200/mo HOA
What's special
Expansive beach frontagePrivate balconyGulf-front condoBreakfast barHigh-end blackout curtainsIncredible gulf viewsUnobstructed panoramic gulf views
- 378 days
- 111
- 7
Zillow last checked:
Listing updated:
Listed by:
Kerri C Tomasicyk 414-915-7556,
Watersound Real Estate
Source: CPAR,MLS#: 777888
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 15 x 14
Bedroom
- Level: First
- Dimensions: 12 x 11
Living room
- Level: First
- Dimensions: 21 x 14
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Range, Electric Water Heater
Features
- Balcony, Double Vanity, Main Level Primary, Soaking Tub, Separate Shower
Interior area
- Total structure area: 1,152
- Total interior livable area: 1,152 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Patio & porch: Balcony
- Pool features: In Ground, Community
- Spa features: Community
- Has view: Yes
- View description: Gulf, Water
- Has water view: Yes
- Water view: Gulf,Water
- Waterfront features: Gulf
Lot
- Features: Paved
Details
- Parcel number: 34990114000
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: High Rise
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Barbecue, Beach, Clubhouse, Elevator, Playground, Pool, Sauna, Waterfront, Community Pool, Short Term Rental Allowed
- Security: Fire Sprinkler System, Security Gate, 24 Hour Security, Security Guard, Security Lights, Fire Alarm, Smoke Detector(s)
- Subdivision: Boardwalk Central
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Spa/Hot Tub
- Services included: Cable TV, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Pool(s), Security, Trash, Water
- HOA fee: $3,601 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $459/sqft
- Tax assessed value: $518,500
- Annual tax amount: $6,062
- Date on market: 8/20/2025
- Cumulative days on market: 378 days
Estimated market value
$502,000
$477,000 - $527,000
$2,641/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Price change | $529,000-3.6%$459/sqft |
Source: | ||
| 5/28/2026 | Price change | $549,000-1.8%$477/sqft |
Source: | ||
| 2/16/2026 | Price change | $559,000-3.5%$485/sqft |
Source: | ||
| 9/4/2025 | Price change | $579,000-4.3%$503/sqft |
Source: | ||
| 8/20/2025 | Listed for sale | $605,000+105.1%$525/sqft |
Source: | ||
| 7/24/2017 | Sold | $295,000-5.7%$256/sqft |
Source: | ||
| 6/12/2017 | Pending sale | $312,900$272/sqft |
Source: Portfolio Real Estate and Management Group, Inc. #658794 Report a problem | ||
| 5/16/2017 | Listed for sale | $312,900-39.2%$272/sqft |
Source: Portfolio Real Estate and Management Group, Inc. #658794 Report a problem | ||
| 5/13/2005 | Sold | $515,000$447/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,062 +4.4% | $429,845 +10% |
| 2023 | $5,807 +24.4% | $390,768 +10% |
| 2022 | $4,668 | $355,244 |
| 2021 | -- | -- |
| 2020 | $3,547 +9.5% | $293,590 +9.4% |
| 2019 | $3,239 | $268,300 +7% |
| 2018 | $3,239 +4.8% | $250,750 +7.3% |
| 2017 | $3,091 +13.6% | $233,750 +10% |
| 2016 | $2,722 +4% | $212,500 -2.9% |
| 2015 | $2,618 | $218,880 +9.6% |
| 2014 | $2,618 | $199,750 +2.3% |
| 2013 | -- | $195,250 +2.1% |
| 2012 | -- | $191,250 -0.5% |
| 2011 | -- | $192,270 -24.6% |
| 2010 | -- | $255,000 -7.6% |
| 2009 | -- | $276,047 -11% |
| 2008 | -- | $310,165 -29.5% |
| 2007 | -- | $439,715 -7% |
| 2006 | -- | $472,812 +1377.5% |
| 2005 | -- | $32,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 32408
Nearby schools
Schools provided by the listing agent
- Elementary: Breakfast Point
- Middle: Breakfast Point
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








