WELCOME TO SHORES OF PANAMA 1704.....Stunning beachfront residence at **Shores of Panama - Unit 1704**. This beautifully appointed 2-bedroom plus private bunk room condominium offers exceptional Gulf views, luxury finishes, and impressive short-term rental potential. With the right management company, projected gross rental income ranges from **$75,000-$80,000 annually**, making it an outstanding investment opportunity.
## Property Overview
Unit 1704 is thoughtfully designed for comfort, privacy, and rental performance.
- **2 oversized bedrooms**, each featuring a private ensuite full bathroom
- **Private bunk room** with its own bathroom and stand-up shower
- Spacious open-concept living and dining area
- Expansive beachfront balcony with breathtaking Gulf views
- Offered **fully furnished** with upscale décor
- Well-equipped kitchen with quality cabinetry, appliances, and ample counter space
The split-bedroom layout maximizes privacy for guests, making this unit highly desirable for vacation rentals. The additional bunk room with a private bath significantly enhances occupancy potential and guest appeal.
## Investment Highlights
This property is approved for **short-term rentals** and has strong income potential.
- Estimated **$75,000-$80,000 gross annual income** with professional management
- High-demand beachfront location
- Turnkey and rental-ready
- Strong guest appeal due to layout and amenities
With its prime Gulf-front positioning and resort-level amenities, Unit 1704 is designed to generate consistent rental performance while offering owners personal enjoyment.
## Resort-Style Amenities at Shores of Panama
Shores of Panama is known for delivering one of the most impressive amenity packages on the Gulf Coast.
- **13,966 sq. ft. Gulf-front, zero-entry lagoon-style pool** with hot tub
- Heated indoor pool for year-round enjoyment
- Two seasonal tiki bars serving lunch and dinner
- On-site coffee shop
- Fully equipped fitness center
- 24/7 on-site security
- Direct beach access
The lagoon-style pool is a signature feature of the resort and a major draw for vacationers.
## Prime Location
Convenience and entertainment are right outside your door.
- Adjacent to **Pineapple Willy's**, a local favorite
- Walking distance to numerous restaurants, shopping, and entertainment venues
- Wal-Mart located directly across the street for everyday essentials
This central location enhances rental desirability by offering guests easy access to everything they need without requiring transportation.
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Shores of Panama Unit 1704 delivers the perfect combination of luxury beachfront living and strong investment potential. Whether you are seeking a high-performing vacation rental or a personal Gulf-front retreat, this fully furnished, amenity-rich residence is positioned to exceed expectations.
For sale
Price cut: $5.4K (8/20)
$407,900
9900 Thomas Dr Unit 1704, Panama City Beach, FL 32408
2beds
1,148sqft
Condominium
Built in 2007
-- sqft lot
$397,600 Zestimate®
$355/sqft
$1,473/mo HOA
What's special
Direct beach accessFully furnished amenity-rich residenceSplit-bedroom layout maximizes privacyStunning beachfront residenceFully equipped fitness centerExceptional gulf viewsOn-site coffee shop
- 170 days
- 51
- 4
Zillow last checked:
Listing updated:
Listed by:
Sassy French 865-617-6184,
Keller Williams Success Realty
Source: CPAR,MLS#: 786779
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bedroom, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 17.5 x 11.5
Bedroom
- Level: First
- Dimensions: 12 x 10
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Electric Water Heater
- Laundry: Stacked
Features
- Main Level Primary, Tub Shower
Interior area
- Total structure area: 1,148
- Total interior livable area: 1,148 sqft
Property
Parking
- Total spaces: 1
- Parking features: Community Structure
- Garage spaces: 1
Features
- Patio & porch: Balcony
- Pool features: Indoor, In Ground, Community
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf, Shoreline - Sand
Details
- Parcel number: 40000650289
- Zoning description: City, Resid Multi-Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: Condo
- Architectural style: High Rise
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stucco
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Barbecue, Beach, Clubhouse, Fitness Center, Gated, Pool, Waterfront, Community Pool, Short Term Rental Allowed
- Security: Building Security, Fire Sprinkler System, Gated with Guard, 24 Hour Security, Security Guard, Fire Alarm
- Subdivision: Shores Of Panama Phase I
HOA
- Has HOA: Yes
- Amenities included: Beach Rights, Barbecue, Spa/Hot Tub
- Services included: Association Management, Cable TV, Fitness Facility, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Trash, Water
- HOA fee: $4,420 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $355/sqft
- Tax assessed value: $441,915
- Annual tax amount: $5,030
- Date on market: 3/14/2026
- Cumulative days on market: 170 days
- Electric utility on property: Yes
Estimated market value
$397,600
$378,000 - $417,000
$2,613/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Price change | $407,900-1.3%$355/sqft |
Source: | ||
| 4/23/2026 | Price change | $413,300-1.6%$360/sqft |
Source: | ||
| 3/24/2026 | Price change | $420,000-1.2%$366/sqft |
Source: | ||
| 3/14/2026 | Listed for sale | $425,000+44.1%$370/sqft |
Source: | ||
| 11/10/2020 | Sold | $295,000-1.3%$257/sqft |
Source: | ||
| 8/18/2020 | Listed for sale | $299,000-3.2%$260/sqft |
Source: Emerald Coast Real Estate & Vacations LLC #701030 Report a problem | ||
| 7/14/2020 | Listing removed | $309,000$269/sqft |
Source: Full Sail Realty, LLC #686258 Report a problem | ||
| 9/1/2019 | Price change | $309,000-1.6%$269/sqft |
Source: Pineapple Properties #686258 Report a problem | ||
| 7/22/2019 | Listed for sale | $314,000-4.6%$274/sqft |
Source: Pineapple Properties #686258 Report a problem | ||
| 6/5/2019 | Listing removed | $329,000$287/sqft |
Source: Pineapple Properties #672519 Report a problem | ||
| 8/26/2018 | Price change | $329,000-1.5%$287/sqft |
Source: Pineapple Properties #672519 Report a problem | ||
| 6/5/2018 | Listed for sale | $334,000+52.7%$291/sqft |
Source: Pineapple Properties #672519 Report a problem | ||
| 7/23/2013 | Sold | $218,750-0.5%$191/sqft |
Source: | ||
| 5/27/2013 | Listed for sale | $219,900$192/sqft |
Source: Pineapple Properties #609520 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,818 +4% | $316,778 +10% |
| 2023 | $4,634 +37.3% | $287,980 +10% |
| 2022 | $3,374 | $261,800 |
| 2021 | -- | -- |
| 2020 | $2,956 +12.3% | $225,242 +10% |
| 2019 | $2,631 | $204,765 +10% |
| 2018 | $2,631 +13.3% | $186,150 +4.3% |
| 2017 | $2,322 +13.7% | $178,500 -13.6% |
| 2016 | $2,042 -9.7% | $206,640 +9.5% |
| 2015 | $2,261 | $188,700 +1.5% |
| 2014 | $2,261 | $185,980 +3.3% |
| 2013 | -- | $179,988 +10% |
| 2012 | -- | $163,625 -23.5% |
| 2011 | -- | $213,860 -5.1% |
| 2010 | -- | $225,250 -12.5% |
| 2009 | -- | $257,423 -10% |
| 2008 | -- | $286,025 |
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: Surfside
- High: Arnold
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








