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Sold for $280,000
  • $280,000

    9900 Thomas Dr Unit 505, Panama City Beach, FL 32408

    --beds
    473sqft
    Condominium
    Built in 2007
    -- sqft lot
    $236,400 Zestimate®
    $592/sqft
    $1,865 Estimated rent

    Home value

    $236,400

    $220,000 - $253,000

    $1,865/mo

    Zestimate® history
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    What's special

    There's no better investment in Panama City Beach than a studio condo at Shores of Panama! These units will maximize your rental income year after year, and are wonderful beach homes for personal use. Enjoy the unbeatble central location within walking distance to some of the beach's best attractions, restaurants and shopping, and world famous Pineapple Willy's directly next door! This premium 5th floor condo offers stylish accommodations with several recent upgrades, including a new Whirlpool Fridge/Freezer and a new LG full size 'laundry center' washer and dryer. The balcony offers complete privacy with spectacular views of the lagoon pool area and the Gulf of Mexico. New polywood furniture provides the perfect setting to kick back and take advantage of the views. This unit also comes with a deeded 5th floor parking space for the ultimate in convenience and accessibility. One of the main things that sets this unit apart and gives it true value for your investment is that it is loacted just 5 stairs up - no elevators required! This spectacular condominium resort offers the best pool area in Panama City Beach, hands down! The picture-postcard setting and tropical landscaping overlooking the white sands and emerald green gulf is exactly what a beach vacation rental should look like! The resort features a breathtaking lagoon pool with zero entry access, dolphin fountains, two lagoon bridges over the pool, waterfalls, two Tiki bars, a large gulf-front Jacuzzi, indoor heated pool and indoor Jacuzzi, brand new fitness center, kids activity area and poolside entertainment (seasonal). Don't miss your oppportunity to purchase a highly coveted studio condo at a bargain - it won't be on the market for long!

    Zillow last checked:

    Listing updated:

    Listed by:

    Ellie Avery 850-896-4629,

    CENTURY 21 Ryan Realty Inc

    Bought with:

    Kelly R Zarda

    Emerald Coast Real Estate & Vacations LLC

    Source: CPAR,MLS#: 762125MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Ductless
    Cooling
    • Ceiling Fan(s), Ductless
    Appliances
    • Included: Electric Cooktop, Electric Oven, Electric Water Heater
    Interior area
    • Total structure area: 473
    • Total interior livable area: 473 sqft

    Property

    Features
    • Patio & porch: Balcony
    • Pool features: Indoor, Community
    • Spa features: Community
    • Has view: Yes
    • View description: Gulf
    • Has water view: Yes
    • Water view: Gulf
    • Waterfront features: Gulf
    Details
    • Parcel number: 40000650074
    • Zoning description: Resid Single Family, Resort
    • 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

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Cable Connected

    Community & HOA

    Community
    • Features: Barbecue, Beach, Fitness Center, Park, Pool, Waterfront, Gated, Short Term Rental Allowed
    • Security: Building Security, Fire Escape, Fire Sprinkler System, Security Gate, Gated Community, 24 Hour Security, Security Guard, Fire Alarm, Security Service
    • Subdivision: Shores Of Panama Phase I
    HOA
    • Has HOA: Yes
    • Amenities included: Beach Rights, Gated, Barbecue, Picnic Area
    Location
    • Region: Panama City Beach

    Financial & listing details

    • Price per square foot: $592/sqft
    • Tax assessed value: $254,151
    • Annual tax amount: $3,214
    • Date on market: 9/1/2024
    • Cumulative days on market: 2 days

    Price history

    DateEventPrice
    9/20/2024Sold$280,000-8.2%$592/sqft
    Source: CPAR #762125 Report a problem
    9/3/2024Pending sale$305,000$645/sqft
    Source: CPAR #762125 Report a problem
    9/1/2024Listed for sale$305,000+75.3%$645/sqft
    Source: CPAR #762125 Report a problem
    4/15/2019Sold$174,000+65.7%$368/sqft
    Source: CPAR #680361 Report a problem
    1/30/2014Sold$105,000$222/sqft
    Source: CPAR #612330 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,869 +2.5%$187,547 +10%
    2023$2,800 +28.8%$170,496 +10%
    2022$2,175 $154,996
    2021-- --
    2020$1,643 +17.2%$128,095 +27%
    2019$1,402 $100,824 +10%
    2018$1,402 +3.3%$91,658 +10%
    2017$1,357 +27%$83,325 +10%
    2016$1,069 -9.9%$75,750 -22.5%
    2015$1,187 $97,750 -8%
    2014$1,187 $106,250 +13.7%
    2013-- $93,415 +2.2%
    2012-- $91,375 -2.3%
    2011-- $93,500
    2010-- $93,500 -35.6%
    2009-- $145,274 -10%
    2008-- $161,415
    Find assessor info on the county website

    Neighborhood: 32408

    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.

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    $241,128