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. 🌊💰🏖️
For sale
Price cut: $5K (7/21)
$625,000
9900 S Thomas Dr #2331, Panama City, FL 32408
3beds
1,400sqft
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
- 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#: 784818
Originating 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
| Date | Event | Price |
|---|---|---|
| 7/21/2026 | Price change | $625,000-0.8%$446/sqft |
Source: | ||
| 6/11/2026 | Price change | $630,000-2.3%$450/sqft |
Source: | ||
| 3/9/2026 | Price change | $645,000-2.1%$461/sqft |
Source: | ||
| 2/6/2026 | Listed for sale | $659,000$471/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
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.








