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$380,000 Sale Pending
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Property Description
GULF VIEWS, STRONG RENTAL POTENTIAL & FLEXIBLE SELLER FINANCING! This 10th-floor condo delivers the Panama City Beach lifestyle buyers and investors are looking for, with direct access to sugar-white sand beaches, emerald Gulf waters, and endless entertainment just steps away. Whether you're searching for a personal getaway or a high-performing vacation rental, this unit offers an ideal opportunity. Inside, the open-concept living space is filled with natural light and flows to a private balcony overlooking the Gulf, perfect for morning coffee or relaxing after a day on the beach. The layout is designed to maximize occupancy with a spacious bedroom and additional bunk space, making it highly appealing for short-term rentals. Located in a resort-style community, owners and guests enjoy multiple pools, beach access, a fitness center, and on-site dining, all contributing to strong rental demand. Positioned along one of the most desirable stretches of Panama City Beach, you are just minutes from popular attractions, waterfront dining, shopping, fishing charters, and family-friendly entertainment. This is a turnkey opportunity for investors seeking income potential in a high-demand beach market or buyers wanting a vacation home that can help offset costs through rentals. Seller financing available at 5% interest with a 3 to 4 year balloon, amortized over 30 years, with 20% down, adding flexibility to an already strong investment opportunity.
Full Property Details
Full Property Details for 9860 S Thomas Dr #1007
General
- Price: $380,000
- Taxes: $4,386 (2025)
- Status: Pending
- Type: Condo
- Source: Bay_County
- MLS ID: 789890
- Updated: 5/22/2026
- Added to Site: 12 day(s) ago
Interior
- Number of Rooms: 5
- Appliances: Washer/Dryer Stacked, Electric Cooktop, Electric Oven, Ice Maker
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Stacked
Additional Information
- Shared Amenities: Gazebo, Picnic Area, Spa/Hot Tub
- Pool: Yes
- Pool Description: Fenced, In Ground, Community
- Security/Safety: Security Gate, Gated with Guard, Secured Garage/Parking, Gated Community, 24 Hour Security, Security Fence, Security Guard, Security Service, Smoke Detector(s)
Exterior
- Porch/Patio/Deck: Balcony
Parking
- Parking Features: Gated
Location
- County: Bay
- Subdivision: Laketown Wharf Phase II
- Driving Directions: Located at the Corner of Front Beach Road and South Thomas Drive, Across from Pineapple Willy's.
School Information
- Elementary School: Breakfast Point
- Middle School: Breakfast Point
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Architectural Style: High Rise
- Construction: Stucco
- Elevator: Yes
- Sq. Ft. Source: Appraiser
- Year Built: 2008
- Other Struct. Feat.: Dumpster
Lot Features
- Property View: Gulf, Lake
- Lot Dimensions: 0 x 0
- Lot Features: Paved
- Zoning: Resid Multi-Family
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $4,386
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: LAKETOWN WHARF UNIT 1007 TYPE B BLDG 2 ORB 2994 P 1890 3BR 2BA ORB 4590 P 1371 1262 TOTAL SF
- Property ID: 40001-000-332
Listed by Salty Marlin Realty LLC
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Price & Sales History for 9860 S Thomas Dr #1007
Date
Details
Price
Change
Source
5/14/2026
Listed
$380,000
-8.43%
MLS
10/22/2021
Sold
$415,000
—
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 9860 S Thomas Dr #1007
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,767
—
$335,750
-9%
2024
$4,767
-4%
$369,750
-5%
2023
$4,978
84%
$391,000
84%
2021
$2,704
-30%
$212,500
-36%
2022
$3,843
42%
$330,225
62%
2021
$2,704
17%
$204,000
22%
2019
$2,305
3%
$167,147
10%
2018
$2,238
14%
$151,952
-22%
2017
$1,959
13%
$195,925
19%
2016
$1,726
21%
$165,155
45%
2015
$1,429
10%
$114,164
10%
2014
$1,302
25%
$103,785
10%
2013
$1,039
—
$94,350
—
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 9860 S Thomas Dr #1007
9860 S Thomas Drive #1007, Panama City, FL 32408 (MLS# 789890) is a Condo property with 3 bedrooms and 2 full bathrooms. 9860 S Thomas Drive #1007 is currently listed for $380,000 and was received on May 14, 2026. Want to learn more about 9860 S Thomas Drive #1007? 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.

