MAJOR PRICE IMPROVEMENT + SELLER TO PAY OFF SPECIAL ASSESSMENT AT CLOSING! This Gulf-front 3BR/3BA penthouse at Shores of Panama is now offered at $630K and represents one of the most compelling opportunities currently available in the building. Positioned on the coveted end of the U-shaped building, this penthouse offers sweeping Gulf views from a rare wrap-around balcony that creates the premium guest experience vacation renters actively seek. Penthouse elevation, true Gulf-front exposure, and a spacious 3-bedroom, 3-bathroom layout make this one of the most desirable rental configurations in the resort.
The unit also conveys with a dedicated parking space and private storage closet, valuable extras rarely found in competing properties. Even better, the sellers will pay off the current special assessment at closing, providing significant savings and peace of mind for the next owner. Shores of Panama features a 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, and entertainment. Well-positioned 3BR units in the building commonly generate $80,000-$90,000+ annually in rental income, with upside potential beyond that when professionally optimized. For investors and second-home buyers alike, this is a rare opportunity to own a true Gulf-front penthouse at an exceptional value. 🌊💰🏖️ with upside into the $100K range when optimized.
For sale
Price cut: $5K (7/21)
$625,000
9900 Thomas Dr Unit 2331, Panama City Beach, FL 32408
3beds
1,400sqft
Condominium
Built in 2007
-- sqft lot
$-- Zestimate®
$446/sqft
$-- HOA
What's special
Direct beach accessRare wrap-around balconyLagoon-style gulf-front poolSweeping gulf viewsTrue gulf-front exposureHot tubsPenthouse elevation
- 190 days
- 149
- 10
Zillow last checked:
Listing updated:
Listed by:
Marcy L O'Donnell 848-220-5555,
Luxe Coastal Realty
Source: ECAOR,MLS#: 995928
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Description: Buyer to verify
- Level: First
- Area: 168 Square Feet
- Dimensions: 14 x 12
Bedroom
- Description: Buyer to verify
- Level: First
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bedroom
- Description: Buyer to verify
- Level: First
- Area: 154 Square Feet
- Dimensions: 14 x 11
Kitchen
- Description: Buyer to verify
- Level: First
- Area: 120 Square Feet
- Dimensions: 12 x 10
Living room
- Description: Buyer to verify
- Level: First
- Area: 210 Square Feet
- Dimensions: 15 x 14
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Water Heater
Features
- Breakfast Bar
- Windows: Window Treatments
- Furnished: Yes
Interior area
- Total structure area: 1,400
- Total interior livable area: 1,400 sqft
Property
Parking
- Total spaces: 207
- Covered spaces: 1
Features
- Exterior features: Balcony
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf
Details
- Parcel number: 40000675298
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete, Masonite, Stucco
Condition
- Construction Complete
- New construction: No
- Year built: 2007
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Fitness Center, Pool, TV Cable, Waterfront
- Subdivision: Shores Of Panama Phase I
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Security, Sewer, Cable TV, Trash, Water, Internet
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $446/sqft
- Tax assessed value: $615,155
- Annual tax amount: $6,692
- Date on market: 2/21/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2026 | Price change | $625,000-0.8%$446/sqft |
Source:  ECAOR #995928 Report a problem | ||
| 6/11/2026 | Price change | $630,000-4.4%$450/sqft |
Source: ECAOR #995928 Report a problem | ||
| 3/10/2026 | Price change | $659,000+2.2%$471/sqft |
Source:  BeachesMLS #R11167869 Report a problem | ||
| 3/9/2026 | Price change | $645,000-2.1%$461/sqft |
Source: ECAOR #995928 Report a problem | ||
| 2/21/2026 | Listed for sale | $659,000+3%$471/sqft |
Source: ECAOR #995928 Report a problem | ||
| 7/21/2021 | Sold | $639,900+49.2%$457/sqft |
Source: ECAOR #873594 Report a problem | ||
| 1/1/2017 | Listing removed | $429,000$306/sqft |
Source: Top Producers Real Estate Ctr #643839 Report a problem | ||
| 3/17/2016 | Listed for sale | $429,000+22.6%$306/sqft |
Source: Top Producers Real Estate Ctr #643839 Report a problem | ||
| 4/21/2009 | Sold | $350,000$250/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,288 +2.3% | $572,568 +10% |
| 2023 | $7,121 +31.6% | $520,516 +10% |
| 2022 | $5,410 | $473,196 |
| 2021 | -- | -- |
| 2020 | $3,600 +5.6% | $297,900 +5% |
| 2019 | $3,409 | $283,713 +8.4% |
| 2018 | $3,409 +5.4% | $261,800 -6.5% |
| 2017 | $3,233 +1.6% | $280,033 |
| 2016 | $3,181 -9.3% | $280,033 -4.8% |
| 2015 | $3,506 | $294,000 +6.4% |
| 2014 | $3,506 | $276,250 +8.4% |
| 2013 | -- | $254,915 -5.2% |
| 2012 | -- | $268,800 -7.2% |
| 2011 | -- | $289,615 -11.5% |
| 2010 | -- | $327,250 -28.2% |
| 2009 | -- | $455,840 -27.7% |
| 2008 | -- | $630,700 |
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: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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