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$645,000

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 3 Full Baths
  • 1,400 Sq. Ft.
  • Updated 3 days ago
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Investor opportunity at Shores of Panama. This 3BR/3BA penthouse sits on the coveted end of the U-shaped building, placing it directly on the Gulf with sweeping beach views from an expansive wrap-around balcony, a rare feature that strongly appeals to vacation renters. The spacious layout comfortably accommodates larger groups, one of the most sought-after segments of the PCB rental market. Penthouse elevation, Gulf-front exposure, and the 3-bedroom configuration give this unit a competitive advantage for both nightly rate and occupancy. Shores of Panama offers a lagoon-style Gulf-front pool, hot tubs, fitness center, and direct beach access, all within walking distance of Pineapple Willy's and area attractions. Well-positioned 3BR units here generate approximately $80K-$90K annually with upside into the $100K range when optimized.

Full Property Details for 9900 S Thomas Dr #UNIT 2331

General

  • Price: $645,000
  • Taxes: $6,692 (2025)
  • Status: Active
  • Type: Condo
  • Source: Emerald_Coast
  • MLS ID: 995928
  • Updated: 4/13/2026
  • Added to Site: 57 day(s) ago

Rental Information

  • Complex Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Pool, TV Cable, Waterfront

Interior

  • Number of Rooms: 5
  • Interior Features: Breakfast Bar
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
  • Furnishings: Furnished - All

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Pool: Yes
  • Pool Description: Pool Type

Exterior

  • Exterior Features: Balcony

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: Shores Of Panama Phase I
  • Driving Directions: Traveling east on Front Beach Road, turn right on Thomas Drive and the building is at first curve in road on right.

School Information

  • Elementary School: Breakfast Point
  • Middle School: Breakfast Point
  • High School: Arnold

Community

  • Association: Yes
  • Assoc. Fees Include: Ground Keeping, Internet Service, Master Association, Security, Sewer, Water, Cable TV, Trash

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central
  • Heating/Cooling: Central, Central Air

Utilities

  • Sewer: Public Sewer
  • Utility Description: Electric, Public Water, TV Cable

Structural Information

  • Construction: Concrete, Masonite, Stucco
  • Exterior Const.: Concrete, Masonite, Stucco
  • Stories/Levels: 23
  • Square Feet: 1,400
  • Sq. Ft. Source: Building Plan
  • Year Built: 2007

Lot Features

  • Property View: Gulf

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Gulf

Financial Considerations

  • Assessment Amount: $4,500
  • Tax Amount: $6,692.58
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: SHORES OF PANAMA II UNIT 2331 TYPE U ORB 2835 P 434 3BR 3BA ORB 4438 P 370 1400 TOTAL SF . PK SP #206
  • APN: 40000-675-298
  • Property ID: 40000-675-298

Listed by Luxe Coastal Realty

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— 9900 S Thomas Dr #UNIT 2331 —

  • Luxe Coastal Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 9900 S Thomas Dr #UNIT 2331

School District:Bay County School District
NameGradesDistance
Breakfast Point Academy
601 N Richard Jackson Boulevard, Panama City Beach, FL 32407
K-81 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-122.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 9900 S Thomas Dr #UNIT 2331 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/21/2026
Listed
$645,000
0.8%
MLS
7/21/2021
Sold
$639,900
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Luxe Coastal Realty

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9900 S Thomas Drive #UNIT 2331, Panama City Beach, FL 32408 (MLS# 995928) is a Condo property with 3 bedrooms and 3 full bathrooms. 9900 S Thomas Drive #UNIT 2331 is currently listed for $645,000 and was received on February 21, 2026. Want to learn more about 9900 S Thomas Drive #UNIT 2331? Do you have questions about finding other Condo real estate for sale in Panama City Beach? You can browse all Panama City Beach real estate or contact a Coldwell Banker agent to request more information.

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