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9900 S Thomas Drive #2331

Panama City Beach, FL 32408
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Bed 3

Bed

Bath 3

Bath

Investor opportunity in one of Panama City Beach's most recognizable beachfront resorts. This 3BR/3BA penthouse at Shores of Panama is uniquely positioned on the end of the U-shaped building, placing it directly on the Gulf with sweeping, unobstructed beach and water views. The expansive wrap-around balcony is a rare feature in the building and creates a premium guest experience that consistently drives stronger booking performance and higher nightly rates. From a rental perspective, this unit checks the boxes vacation guests actively search for: penthouse elevation, true Gulf-front exposure, large balcony space, and a full 3 bedroom / 3 bathroom layout that comfortably accommodates larger groups and families. These features tend to command higher ADRs and stronger occupancy compared to in terior or lower-floor units. The bright kitchen opens to the living and dining areas, maximizing both natural light and the view corridor -- another key factor in guest reviews and repeat bookings. Additional value comes with the dedicated parking space and private storage closet, a sought-after bonus within Shores of Panama that enhances owner convenience and guest usability. Shores of Panama remains one of the most amenity-rich resorts on the beach, featuring a lagoon-style Gulf-front pool, hot tubs, fitness center, on-site dining, and direct beach access. The location places guests within walking distance of popular attractions including Pineapple Willy's, 810 Billiards & Bowling, and numerous dining and entertainment options, all of which help drive consistent rental demand. Well-positioned 3BR units in this building commonly produce approximately $80,000-$90,000 annually in rental income, with potential upside into the $100,000+ range when professionally optimized. Opportunities to purchase a true beachfront 3BR penthouse with a wrap-around balcony in Shores of Panama are limited. For investors seeking a property with strong rental fundamentals and standout guest appeal, this unit offers a compelling combination of location, layout, and income potential.

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Detail Ic Property Details

Property Type : Residential

Price : $645,000

AD Id : 75120397

MLS Id : 784818

Beds : 3

Year Built : 2007

County : Bay

Subdivision: 400 Sunny Isles Condo Wes

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Rooms Total: 3
  • Interior Features

    Appliances: ElectricRange, ElectricWaterHeater
  • Heating & Cooling

    Water front: 1

  • Building Information

    Year Built: 2007
    Building Area Total: 1400
    Patio And Porch Features: Balcony
    Pool Features: Community
    Private Pool: No
    Water front Features: Gulf
    View: Gulf

  • Lot Information

    Lot Dimensions: N/A

    Property Information

    Subdivision: Shores Of Panama Phase II Source Property Type: Residential MLS Area Minor: 0318 - Beach - Central South Property SubType: Condominium Property Age: 19

  • Listing Price Information

    Listing Price: $645000
    Original Price: $659000

  • Tax Information

    Parcel Number: 40000-675-298 Tax Year: 2025 Annual Tax: $6693 Tax Legal Desc: SHORES OF PANAMA II UNIT 2331 TYPE U ORB 2835 P 434 3BR 3BA ORB 4438 P 370 1400 TOTAL SF . PK SP #206

  • Homeowners Association Information

    Has Association: Yes
    Association Amenities: BeachRights, GameRoom, Gazebo
    Community Features: Barbecue, Beach, Elevator, FitnessCenter, GameRoom, Pool, StorageFacilities, Waterfront, CommunityPool, ShortTermRentalAllowed

  • School Information

    Elementary School: Breakfast Point Junior High School: Breakfast Point Senior High School: Arnold
  • Location Information

    Direction: Traveling east on Front Beach Road, turn right on Thomas Drive and the building is at first curve in road on right. Security Features: BuildingSecurity,TwentyFourHourSecurity,SecurityService
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ByOwner last updated this listing 06/09/2026 @ 12:22

MLS: 784818 LISTED BY: Marcy O'Donnell, Luxe Coastal Realty Group LLC 848-220-5555 SOURCE: CPAR

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