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$659,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 3 Full Baths
  • 1,400 Sq. Ft.
  • Updated 1 day ago
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Shores of Panama offers resort-style beachfront living, and this 3BR/3BA penthouse is perfectly positioned to take full advantage of it. Located on the end of the U, this unit sits directly on the Gulf, providing sweeping, unobstructed beach and water views from an expansive wrap-around balcony - an ideal setting for enjoying stunning sunrise views over the coastline. Inside, the spacious layout is ideal for full-time living, a second home, or a high-performing rental. The kitchen is bright and attractive, opening to the living and dining areas and maximizing both functionality and natural light. 3 bedrooms and 3 full baths allow for comfortable accommodations and strong rental appeal, while the penthouse level offers added privacy and an elevated vantage point. This unit also conveys with a dedicated parking space and private storage closet, a valuable bonus within Shores of Panama. Owners and guests enjoy direct beach access and a full suite of amenities including a lagoon-style Gulf-front pool, hot tubs, fitness center, and on-site dining. The location is hard to beat just steps from Pineapple Willy's, 810 Billiards & Bowling, shopping, and entertainment. A Shores of Panama 3BR penthouse like this typically produces $80K-$90K annually, with upside into the $100K range if optimized. This is a rare opportunity to own a penthouse, beachfront 3BR with wrap-around balcony in one of Panama City Beach's most iconic resorts.

Full Property Details for 9900 S Thomas Dr #2331

General

  • Price: $659,000
  • HOA FEE: $1,500/month
  • Taxes: $6,693 (2025)
  • Status: Active
  • Type: Condo
  • Source: Regional
  • MLS ID: R11167869
  • Updated: 3/3/2026
  • Added to Site: 2 day(s) ago

Interior

  • Number of Rooms: 3
  • Interior Features: Main Level Primary, None
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Water Heater, Washer
  • Furnished: Yes
  • Furnishings: Furnished

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Floor Baths: 3

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Main: 3

Additional Information

  • Shared Amenities: Business Center, Elevator(s), Fitness Center, Indoor Pool, Playground, Pool, Recreation Facilities, Spa/Hot Tub, Storage
  • Pool: Yes
  • Pool Description: Association
  • Security/Safety: Security System, Gated Community, Security Guard

Parking

  • Parking Features: Assigned, Deeded

Location

  • County: Bay
  • Subdivision: SHORES OF PANAMA II
  • Driving Directions: Traveling east on Front Beach Road, turn right on Thomas Drive and the building is at first curve in road on right
  • Direction Faces: South

Community

  • Community Name: 5940 - Other Florida County
  • Association: Yes

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Sewer Available, Water Available

Structural Information

  • Construction: Concrete
  • Stories/Levels: 1
  • Building Size: 1400
  • Square Feet: 1,400
  • Living Area: 1,400 Sq. Ft.
  • Year Built: 2007
  • Property Condition: Resale

Lot Features

  • Zoning: Residential

Water Features

  • Water Front: Yes
  • Water Front Desc.: Ocean Front
  • Water Front View: Ocean Front

Financial Considerations

  • Association Fee: $1,500
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $6,693
  • Tax Year: 2025
  • Terms: Cash, Conventional

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
  • Disclosures/Rstr.: Owner Is Listing Agent, Special Assessment
  • Property ID: 40000675298

Listed by Luxe Coastal Realty Group LLC

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Listing agent

— 9900 S Thomas Dr #2331 —

  • Luxe Coastal Realty Group LLC

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 #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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

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

Date
Details
Price
Change
Source
3/02/2026
Listed
$659,000
2.98%
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.

Tax History for 9900 S Thomas Dr #2331

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,636
-23%
$516,376
-16%
2024
$7,288
2%
$615,155
—
2023
$7,121
91%
$615,154
106%
2021
$3,732
-31%
$298,350
-37%
2022
$5,410
45%
$473,195
59%
2021
$3,732
9%
$297,900
5%
2019
$3,409
5%
$283,713
8%
2018
$3,233
2%
$261,800
-7%
2017
$3,181
-2%
$280,033
—
2016
$3,240
-8%
$280,033
-5%
2015
$3,506
7%
$294,000
6%
2014
$3,291
20%
$276,250
8%
2013
$2,753
—
$254,915
—
View All
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 for 9900 S Thomas Dr #2331

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Luxe Coastal Realty Group LLC

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9900 S Thomas Drive #2331, Panama City, FL 32408 (MLS# R11167869) is a Condo property with 3 bedrooms and 3 full bathrooms. 9900 S Thomas Drive #2331 is currently listed for $659,000 and was received on March 02, 2026. Want to learn more about 9900 S Thomas Drive #2331? 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.

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