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$529,000
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Property Description
GREAT INVESTMENT PROPERTY THAT IS TURNKEY READY! Step into Boardwalk Unit 303, a beautifully maintained Gulf-front condo offering strong rental potential, exceptional guest reviews, and plenty of opportunity for owner enjoyment. This 2-bedroom, 2-bath retreat is situated on a desirable lower level, offering convenience, privacy, and incredible Gulf views. AirDNA projects annual rental revenue of approximately $49,500 at just 58% occupancy, with an average daily rate of $236, giving owners the flexibility to generate rental income while still enjoying the condo themselves. The current owners have done exactly that, using the property personally while maintaining impressive rental performance. Even better, this unit has earned 75 five-star reviews on VRBO, demonstrating its proven guest appeal and repeat-worthy experience. VRBO Listing #1201224 is available for reference. Beautifully appointed with Restoration Hardware furnishings, high-end blackout curtains, top-of-the-line mattresses, and luxurious bedding, this condo is truly turnkey and ready to rent from day one. From sunrise to sunset, enjoy unobstructed panoramic Gulf views from the private balcony. The open floor plan creates a bright and inviting living space, flowing seamlessly from the upgraded kitchen with granite countertops, stainless steel appliances, and breakfast bar into the Gulf-front living area. The Gulf-front primary suite features balcony access, a soaking tub, walk-in shower, double vanity, and large closet. The private second bedroom offers its own full bath, providing excellent privacy for guests. Additional features include in-unit laundry, crown molding, and elevated coastal design details throughout. Boardwalk Beach Resort remains one of PCB's premier Gulf-front destinations, offering a zero-entry Gulf-front pool, two hot tubs, splash pad, on-site bar and grill, sauna, convenience shop, 24-hour gated security, and covered garage parking. With expansive beach frontage and excellent walkability to restaurants, events, and attractions, the location continues to be a favorite among vacationers. With Tootsies open nearby, the area is positioned to offer even more dining, nightlife, and entertainment within easy reach. NOW OFFERED AT A NEW REDUCED PRICE, Boardwalk Unit 303 presents an outstanding opportunity for buyers looking for a turnkey investment property with projected rental income, a proven five-star guest history, and the flexibility to enjoy their own piece of the Gulf Coast.
Full Property Details
Full Property Details for 9450 S Thomas Dr #303C
General
- Price: $529,000
- HOA FEE: $1,200/month
- HOA FEE FREQ.: Quarterly
- Taxes: $6,062 (2024)
- Status: Active
- Type: Condo
- Source: Bay_County
- MLS ID: 777888
- Updated: 8/21/2026
- Added to Site: 385 day(s) ago
Interior
- Number of Rooms: 3
- Interior Features: Balcony, Double Vanity, Main Level Primary, Soaking Tub, Separate Shower
- Appliances: Electric Range, Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Beach Rights, Spa/Hot Tub
- Pool: Yes
- Pool Description: In Ground, Community
- Spa Description: Community
- Security/Safety: Fire Sprinkler System, Security Gate, 24 Hour Security, Security Guard, Security Lights, Fire Alarm, Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Parking Features: Parking Lot
Location
- County: Bay
- Subdivision: Boardwalk Central
- Driving Directions: Travel West on Thomas Dr, Turn West on South Thomas Dr, Boardwalk is on the South side (Gulf Side)
School Information
- Elementary School: Breakfast Point
- Middle School: Breakfast Point
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
- Assoc. Fees Include: Cable TV, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Pool(s), Security, Trash, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: High Rise
- Elevator: Yes
- Sq. Ft. Source: Appraiser
- Year Built: 2005
- Other Struct. Feat.: Dumpster
Lot Features
- Property View: Gulf, Water
- Lot Dimensions: 0 x 0
- Frontage: City Street
- Lot Features: Paved
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Gulf
- Water Front View: Gulf
Financial Considerations
- Association Fee: $3,601
- Assoc Fee Freq.: Quarterly
- Tax Amount: $6,062
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: BOARDWALK CENTRAL UNIT C 303 TYPE C ORB 2599 P 84 2BD/2BA ORB 4408 P 1497 1152 SQ FT
- Property ID: 34990-114-000
Listed by Watersound Real Estate
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Schools
Schools serving 9450 S Thomas Dr #303C
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Breakfast Point Academy 601 N Richard Jackson Boulevard, Panama City Beach, FL 32407 | K-8 | 1.6 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 2.7 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 9450 S Thomas Dr #303C
Date
Details
Price
Change
Source
8/21/2026
Price Reduced
$529,000
-3.64%
MLS
5/28/2026
Price Reduced
$549,000
-1.79%
MLS
2/16/2026
Price Reduced
$559,000
-3.45%
MLS
9/04/2025
Price Reduced
$579,000
-4.3%
MLS
8/19/2025
Listed
$605,000
105.08%
MLS
7/24/2017
Sold
$295,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 9450 S Thomas Dr #303C
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,093
-16%
$466,650
-10%
2024
$6,062
4%
$518,500
—
2023
$5,807
46%
$518,500
61%
2021
$3,986
-15%
$323,000
-25%
2022
$4,668
17%
$433,500
48%
2021
$3,986
23%
$293,590
9%
2019
$3,239
5%
$268,300
7%
2018
$3,091
14%
$250,750
4%
2017
$2,722
10%
$242,250
14%
2016
$2,466
-6%
$212,500
-3%
2015
$2,618
10%
$218,880
10%
2014
$2,389
13%
$199,750
2%
2013
$2,116
—
$195,250
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 9450 S Thomas Dr #303C
9450 S Thomas Drive #303C, Panama City, FL 32408 (MLS# 777888) is a Condo property with 2 bedrooms and 2 full bathrooms. 9450 S Thomas Drive #303C is currently listed for $529,000 and was received on August 20, 2025. Want to learn more about 9450 S Thomas Drive #303C? Do you have questions about finding other Condo real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

