Gulf-front studio condo. This unit includes a parking space right outside the condo. Offering exceptional views and strong actual rental income. 2025 Rental Income: $26,834.36 (Verified /Actual income) - Managed by Vacasa, But the owner does some VRBO. This well-appointed unit features a full kitchen with granite countertops, ample cabinetry, and generous workspace for meal preparation. The interior includes 8-foot ceilings and the convenience of an in-unit washer and dryer. The bathroom is thoughtfully designed with a tub/shower combination and a dedicated vanity area, providing both function and comfort.
Enjoy stunning Gulf views from the private balcony overlooking the lagoon-style pool and on-site dining area, perfect for taking in the coastal atmosphere. The resort-style community amenities are extensive and include an 18,000+ square foot lagoon-style pool with tropical landscaping, bridges, fountains, and recreational features, a large heated indoor pool, indoor spa tubs, two tiki bars, a fitness center, on-site eateries, a coffee shop, 24-hour security, and gated entry.
Ideally located in the heart of the strip, this property is directly across from Walmart and adjacent to the world-famous Pineapple Willy's, offering unmatched convenience and walkability. Studio units in this community are highly desirable investments due to low HOA fees, low maintenance requirements, and excellent year-round rental demand.
For sale
$290,900
9900 Thomas Dr Unit 2306, Panama City Beach, FL 32408
--beds
473sqft
Condominium
Built in 2007
-- sqft lot
$283,700 Zestimate®
$615/sqft
$607/mo HOA
What's special
Gulf-front studio condoLarge heated indoor poolStunning gulf viewsExceptional viewsIn-unit washer and dryerTwo tiki barsIndoor spa tubs
- 216 days
- 34
- 4
Zillow last checked:
Listing updated:
Listed by:
Mike S Herring 850-321-0917,
Keller Williams Realty Emerald
Source: CPAR,MLS#: 784205
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Studio
Other
- Description: All Measurements are approximate, Buyer to verify.
- Level: First
- Dimensions: 0 x 0
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Cooktop, Electric Water Heater
Interior area
- Total structure area: 473
- Total interior livable area: 473 sqft
Property
Parking
- Total spaces: 1
- Parking features: Additional Parking, Gated
- Garage spaces: 1
Features
- 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, Shoreline - Sand, Shoreline - Natural
Lot
- Features: Paved
Details
- Parcel number: 40000650399
- Zoning description: 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
- Concrete
- Foundation: Pillar/Post/Pier
Condition
- New construction: No
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Barbecue, Beach, Fitness Center, Park, Pool, Shopping, Waterfront, Community Pool, Short Term Rental Allowed
- Security: Building Security, Closed Circuit Camera(s), Fire Sprinkler System, 24 Hour Security, Key Card Entry, Smoke Detector(s)
- Subdivision: Shores Of Panama
HOA
- Has HOA: Yes
- Amenities included: Gazebo, Barbecue, Picnic Area
- Services included: Clubhouse, Cable TV, Fitness Facility, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Trash, Water
- HOA fee: $1,821 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $615/sqft
- Tax assessed value: $258,400
- Annual tax amount: $3,090
- Date on market: 1/26/2026
- Cumulative days on market: 162 days
Estimated market value
$283,700
$270,000 - $298,000
$1,865/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/11/2026 | Price change | $290,900+38.6%$615/sqft |
Source:  CPAR #784205 Report a problem | ||
| 4/10/2026 | Price change | $209,900-32.3%$444/sqft |
Source:  ECAOR #993756 Report a problem | ||
| 1/26/2026 | Listed for sale | $309,900+34.7%$655/sqft |
Source: CPAR #784205 Report a problem | ||
| 7/2/2021 | Sold | $230,000$486/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,172 +3% | $236,555 +10% |
| 2023 | $3,080 +28.7% | $215,050 +10% |
| 2022 | $2,393 | $195,500 |
| 2021 | -- | -- |
| 2020 | $1,619 +11% | $117,128 +10% |
| 2019 | $1,459 | $106,480 +10% |
| 2018 | $1,459 +3.3% | $96,800 +10% |
| 2017 | $1,412 +26.2% | $88,000 +10% |
| 2016 | $1,119 -9.5% | $80,000 -21.6% |
| 2015 | $1,237 | $102,000 -5.1% |
| 2014 | $1,237 | $107,432 +10% |
| 2013 | -- | $97,665 +2.1% |
| 2012 | -- | $95,625 +2.3% |
| 2011 | -- | $93,500 |
| 2010 | -- | $93,500 -35.6% |
| 2009 | -- | $145,274 -10% |
| 2008 | -- | $161,415 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
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.
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