Skip main navigation
For sale
  • Price cut: $5K (7/21)
    $625,000

    9900 S Thomas Dr #2331, Panama City, FL 32408

    3beds
    1,400sqft
    : 
    $5,556/mo
    Get pre-qualified
    Condominium
    Built in 2007
    -- sqft lot
    $593,900 Zestimate®
    $446/sqft
    $1,500/mo HOA

    What's special

    Direct beach accessRare wrap-around balconySpacious three-bedroom three-bath layoutSpectacular lagoon-style gulf-front poolSweeping gulf viewsDirect gulf-front exposureHot tubs
    ANOTHER MAJOR PRICE IMPROVEMENT -- NOW OFFERED AT JUST $625,000 + SELLER TO PAY OFF THE SPECIAL ASSESSMENT AT CLOSING! This true Gulf-front 3BR/3BA penthouse at Shores of Panama represents one of the most exciting values currently available in the building. Perfectly positioned on the coveted end of the U-shaped resort, Unit 2331 showcases sweeping Gulf views from a rare wrap-around balcony--an exceptional feature that elevates both the owner experience and short-term rental appeal. The penthouse elevation, direct Gulf-front exposure, and spacious three-bedroom, three-bath layout create one of the resort's most desirable configurations. The unit also conveys with a dedicated parking space and private storage closet, valuable extras rarely included with competing properties. Even better, the sellers will pay off the current special assessment at closing, delivering significant savings and added peace of mind for the next owner. Shores of Panama offers a spectacular 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, dining, and entertainment. With strong rental potential, premium features, and a newly reduced price of $625,000, this is a rare opportunity for investors and second-home buyers to secure a true Gulf-front penthouse at an exceptional value. 🌊💰🏖️
    205 days
    185
    23

    Zillow last checked:

    Listing updated:

    Listed by:

    Marcy L O'Donnell 848-220-5555,

    Luxe Coastal Realty Group LLC

    Source: CPAR,MLS#: 784818MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Bedroom, Primary Bedroom
      Primary bedroom
      • Description: Buyer to verify
      • Level: First
      • Dimensions: 14 x 12
      Bedroom
      • Description: Buyer to verify
      • Level: First
      • Dimensions: 12 x 12
      Bedroom
      • Description: Buyer to verify
      • Level: First
      • Dimensions: 14 x 11
      Appliances
      • Included: Electric Range, Electric Water Heater
      Features
      • Main Level Primary
      Interior area
      • Total structure area: 1,400
      • Total interior livable area: 1,400 sqft

      Property

      Features
      • Patio & porch: Balcony
      • Pool features: Community
      • Spa features: Community
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      • Waterfront features: Gulf
      Details
      • Parcel number: 40000675298
      • 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: 2007

      Community & HOA

      Community
      • Features: Barbecue, Beach, Elevator, Fitness Center, Game Room, Pool, Storage Facilities, Waterfront, Community Pool, Short Term Rental Allowed
      • Security: Building Security, 24 Hour Security, Security Service
      • Subdivision: Shores Of Panama Phase II
      HOA
      • Has HOA: Yes
      • Amenities included: Beach Rights, Game Room, Gazebo
      • Services included: Cable TV, Fitness Facility, Pool(s), Trash
      • HOA fee: $4,500 quarterly
      Location
      • Region: Panama City

      Financial & listing details

      • Price per square foot: $446/sqft
      • Annual tax amount: $6,693
      • Date on market: 2/6/2026
      • Cumulative days on market: 185 days

        Estimated market value

        $593,900

        $564,000 - $624,000

        $3,484/mo

        Price history

        DateEventPrice
        7/21/2026Price change$625,000-0.8%$446/sqft
        Source: CPAR #784818 Report a problem
        6/11/2026Price change$630,000-2.3%$450/sqft
        Source: CPAR #784818 Report a problem
        3/9/2026Price change$645,000-2.1%$461/sqft
        Source: CPAR #784818 Report a problem
        2/6/2026Listed for sale$659,000$471/sqft
        Source: CPAR #784818 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32408

        Getting around

        44 / 100
        Car-Dependent
        25 / 100
        Some Transit
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts