Calling all investors! This is more than just a condo -- it's an established income-producing business opportunity with a proven rental history already in place. This successful vacation rental has been professionally managed through the seller's rental company and includes a solid 3-year rental history, making it an excellent opportunity for investors seeking a turnkey property that is already generating revenue comparable to Gulf view units.
Whether you're looking to expand your portfolio, invest in a beach property, or purchase an established short-term rental business, this condo offers the opportunity to step into a property that is already working for you from day one. This 1 bedroom, 2 bathroom + bunk room condo has been meticulously maintained and updated with LVP flooring, stainless steel appliances, tile backsplash. It is being offered fully furnished and is turnkey rental ready. The location on the 16th floor close to the elevators offers easy access and amazing views of the lake and fountain as well as a peek of the Gulf from your private balcony. Resort-style amenities include direct gated beach access for endless sun & surf, 5 pools including a lagoon pool & rooftop pool, Kids Funscape Playground & splash zone, Gulf-view fitness center to work out, Splash Bar & Grill - dine without leaving the resort, covered garage parking for convenience & security, 52,000 sq. ft. lakefront boardwalk with market shops and new to the property is 810 Billiards & Bowling complete with an arcade and milkshake bar - a place for social fun for all ages.
In today's market, opportunities like this are about more than location -- they're about return on investment, consistent income potential, and owning a property with an established track record. Please note: all arcade 1up machines not included in sale . Contact me for rental history, income details, and more information on this exceptional investment opportunity.
For sale
$349,000
9902 S Thomas Dr Unit 1635, Panama City Beach, FL 32408
1beds
1,047sqft
Condominium
Built in 2007
-- sqft lot
$-- Zestimate®
$333/sqft
$830/mo HOA
What's special
Fully furnishedPrivate balconyMeticulously maintained and updatedGulf-view fitness centerLvp flooringStainless steel appliancesTile backsplash
- 70 days
- 20
- 1
Zillow last checked:
Listing updated:
Listed by:
Terry L Nutter 850-919-6887,
Realty One Group Emerald Coast
Source: CPAR,MLS#: 791661
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Dining Room, Kitchen, Primary Bedroom, Other
Primary bedroom
- Level: First
- Dimensions: 13 x 11
Other
- Level: First
- Dimensions: 8 x 7
Dining room
- Description: Dining/Living Combo
- Level: First
- Dimensions: 18 x 17
Kitchen
- Level: First
- Dimensions: 14 x 9
Other
- Features: Balcony
- Level: First
- Dimensions: 19 x 8
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Washer/Dryer Stacked, Electric Oven, Electric Range, Electric Water Heater
- Laundry: Stacked
Features
- Main Level Primary, Tub Shower
Interior area
- Total structure area: 1,047
- Total interior livable area: 1,047 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Patio & porch: Balcony
- Pool features: Gunite, Gas Heat, In Ground, Community
- Has view: Yes
- View description: Gulf, Lake
- Has water view: Yes
- Water view: Gulf,Lake
- Waterfront features: Lake, Lake Front
Lot
- Features: Paved
Details
- Parcel number: 40001000588
- 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, Electricity Available, High Speed Internet Available
Community & HOA
Community
- Features: Barbecue, Beach, Business Center, Clubhouse, Elevator, Fitness Center, Playground, Park, Pool, Shopping, Waterfront, Community Pool, Short Term Rental Allowed
- Security: Fire Sprinkler System, 24 Hour Security, Security Guard, Fire Alarm, Smoke Detector(s), Security Service
- Subdivision: Laketown Wharf Phase II
HOA
- Has HOA: Yes
- Amenities included: Other, See Remarks, Gazebo, Barbecue
- Services included: Association Management, Clubhouse, Cable TV, Fitness Facility, Insurance, Legal/Accounting, Maintenance Grounds, Pest Control, Playground, Pool(s), Recreation Facilities, Sewer, Security, Trash, Water
- HOA fee: $2,491 quarterly
Location
- Region: Panama City Beach
Financial & listing details
- Price per square foot: $333/sqft
- Tax assessed value: $259,250
- Annual tax amount: $3,027
- Date on market: 6/21/2026
- Cumulative days on market: 57 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/21/2026 | Listed for sale | $349,000-1.7%$333/sqft |
Source:  CPAR #791661 Report a problem | ||
| 2/13/2024 | Listing removed | -- |
Source: CPAR #740034 Report a problem | ||
| 8/7/2023 | Price change | $355,000-2.7%$339/sqft |
Source: CPAR #740034 Report a problem | ||
| 6/10/2023 | Price change | $365,000-2.7%$349/sqft |
Source: CPAR #740034 Report a problem | ||
| 4/12/2023 | Listed for sale | $375,000$358/sqft |
Source: CPAR #740034 Report a problem | ||
| 3/28/2023 | Listing removed | -- |
Source: CPAR #733480 Report a problem | ||
| 10/15/2022 | Listed for sale | $375,000+25%$358/sqft |
Source: CPAR #733480 Report a problem | ||
| 4/14/2022 | Sold | $300,000+0%$287/sqft |
Source: CPAR #724393 Report a problem | ||
| 4/4/2022 | Pending sale | $299,900$286/sqft |
Source: CPAR #724393 Report a problem | ||
| 3/31/2022 | Listed for sale | $299,900+89.8%$286/sqft |
Source: CPAR #724393 Report a problem | ||
| 11/1/2018 | Sold | $157,990$151/sqft |
Source: CPAR #663688 Report a problem | ||
| 10/25/2018 | Pending sale | $157,990+0.1%$151/sqft |
Source: Keller Williams Emerald Coast Realty #663688 Report a problem | ||
| 12/9/2017 | Sold | $157,900-0.1%$151/sqft |
Source: Agent Provided Report a problem | ||
| 12/4/2017 | Listed for sale | $157,990$151/sqft |
Source: Destin #663688 Report a problem | ||
| 11/9/2017 | Pending sale | $157,990$151/sqft |
Source: Destin #663688 Report a problem | ||
| 10/3/2017 | Listed for sale | $157,990$151/sqft |
Source: Destin #663688 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,385 -0.5% | $259,250 |
| 2023 | $3,400 +175.6% | $259,250 +90.6% |
| 2022 | $1,234 | $136,004 |
| 2021 | -- | -- |
| 2020 | $1,295 +3.7% | $130,220 |
| 2019 | $1,250 | $130,220 -3% |
| 2018 | $1,250 -28.2% | $134,300 -6.1% |
| 2017 | $1,740 -3.1% | $142,962 +10% |
| 2016 | $1,795 +60.2% | $129,965 +71% |
| 2015 | $1,121 | $76,012 +10% |
| 2014 | $1,121 | $69,102 +10% |
| 2013 | -- | $62,820 -3.2% |
| 2012 | -- | $64,914 -19.6% |
| 2011 | -- | $80,750 -32.9% |
| 2010 | -- | $120,405 -24.8% |
| 2009 | -- | $160,191 -32.3% |
| 2008 | -- | $236,622 |
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: 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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