NOT LISTED FOR SALE

Laketown Wharf Resort 9860 S Thomas Dr Unit 601 Panama City, FL 32408

Estimated Value: $411,011 - $594,000

3 Beds
3 Baths
1,483 Sq Ft
$1,090/mo HOA Fee

Last Sold June 27, 2024

Last sale price $400,000 $270 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,012/month

119 Days on Market

Highlights

  • Lake Front
  • Beach
  • Heated In Ground Pool
  • J.R. Arnold High School Rated A-
  • 24-Hour Security
  • Bay View

About This Home

As of June 2024

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS .... A 6th floor, vacant, blank slate, empty shell in need of TLC to restore it with an AMAZING GULF VIEW! Fantastic earning potential here. Wrap-around balcony, partially covered for easy outdoor living! Laketown Wharf condo featuring 3BR/3BA plus Bunk Room. Holds 10 guests easily with plenty of parking. Granite countertops, full kitchen with breakfast bar, large dining/living room area. Located on the very east end, this location very quiet and peaceful. Tons of Amenities include five Swimming Pools, Putting Green, 2-Story Fitness Center, Convention Center, multiple Restaurants on the ground floor, and a daily water fountain light-show in the lake. THIS HAS SO MUCH POTENTIAL TO BE A RENTAL MACHINE!

Last Agent to Sell the Property

Laurie McKay

Coastal Living Realty & Associates License #SL3468871 Listed on: 02/19/2024

Last Buyer's Agent

Phyllis Holloway

Coastal Living Realty & Associates License #SL3538001

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,495

Year Built

  • Built in 2008

Lot Details

  • Property fronts a highway
  • Landscaped
  • Level Lot
  • Sprinkler System

HOA Fees

  • $1,090 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Oversized Parking
  • Guest Parking
  • Parking Permit Required

Property Views

Home Design

  • Entry on the 6th floor
  • Newly Painted Property
  • Pillar, Post or Pier Foundation
  • Membrane Roofing
  • Clay Roof
  • Stucco

Interior Spaces

  • 1,483 Sq Ft Home
  • Woodwork
  • Track Lighting
  • Dining Room
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Home Security

Accessible Home Design

  • Handicap Accessible

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Shower
  • Spa

Outdoor Features

  • Covered Patio or Porch

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

  • Association fees include cable TV, insurance, internet, ground maintenance, pest control, playground, pool(s), recreation facilities, sewer, security, trash, water
  • 765 Units
  • Grand Manors Association
  • High-Rise Condominium
  • Laketown Wharf Subdivision
  • 21-Story Property

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Game Room
  • Elevator

Recreation

  • Beach
  • Community Playground
  • Community Spa
  • Park

Security

  • 24-Hour Security
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,495

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,090 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Road Frontage Type: City Street, Highway
  • Road Surface Type: Paved
  • Subdivision Name: Laketown Wharf
  • Architectural Style: High Rise
  • Entry Level: 6
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Interior Amenities: Breakfast Bar, Kitchen Island, New Paint, Track Lighting, Natural Woodwork
  • Spa Features: Community, Hot Tub
  • Private Spa: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Living Area: 1483.0
  • Dining Room Type: Bedroom, Dining Room, Kitchen
  • Stories: 21

Exterior Features

  • Pool Features: Gunite, Gas Heat, Community, Pool
  • View: Bay, Gulf, Lagoon, Lake, Water
  • View: Yes
  • Waterfront Features: Dock Access, Lake, Lake Front, Waterfront
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Exterior Features: Built-in Barbecue, Balcony, Handicap Accessible, Sprinkler/Irrigation, Outdoor Shower, Patio
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Balcony, Covered, Patio
  • Roof: Clay, Membrane

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Covered, Garage, Guest, Oversized, Permit Required
  • Garage: Yes

Utilities

  • Utilities: Cable Connected, Other, See Remarks, Trash Collection, Water Connected
  • Security Features: Fire Alarm, Fire Sprinkler System, 24 Hour Security, Smoke Detector(s), Security Service
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Green Building Features: Dumpster
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Storm Sewer

Condo/Co-op/Association

  • Association Fee: 3270.0
  • Community Features: Barbecue, Beach, Clubhouse, Elevator, Fitness Center, Game Room, Other, Playground, Park, Pool, Shopping, See Remarks, Short Term Rental Allowed, Waterfront, Sidewalks
  • Amenities: Picnic Area
  • Association Fee Frequency: Quarterly
  • Association Name: Grand Manors
  • Association: Yes

Fee Information

  • Association Fee Includes: Cable TV, Insurance, Internet, Maintenance Grounds, Pest Control, Playground, Pool(s), Recreation Facilities, Sewer, Security, Trash, Water

Schools

  • Middle Or Junior School: Breakfast Point

Lot Info

  • Lot Features: Corner Lot, Easement, Landscaped, Level, Other, Waterfront
  • Zoning Description: Commercial,Resid Multi-Family

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units In Community: 765

Tax Info

  • Tax Annual Amount: 5495.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2025
Sold by
Holloway Phyllis Liu
Bought by
Coastal 601 Llc
Current Estimated Value
$466,253

Purchase Details

Listed on
Feb 19, 2024
Closed on
Jun 26, 2024
Sold by
Schmidt James Michael and Schmidt Plamena
Bought by
Holloway Phyllis
Seller's Agent
Laurie McKay
Coastal Living Realty & Associates
Buyer's Agent
Phyllis Holloway
Coastal Living Realty & Associates
List Price
$490,000
Sold Price
$400,000
Premium/Discount to List
-$90,000
-18.37%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.83%

Purchase Details

Listed on
Feb 22, 2021
Closed on
Apr 12, 2021
Sold by
Gulfview Holdings Llc
Bought by
Schmidt James Michael and Schmidt Plamena
Seller's Agent
Meghan Hall
Keller Williams Realty SRB
List Price
$380,500
Sold Price
$380,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.57%
Original Mortgage
$150,500
Interest Rate
3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Coastal 601 Llc $100 None Listed On Document
Coastal 601 Llc $100 None Listed On Document
Holloway Phyllis $400,000 None Listed On Document
Schmidt James Michael $380,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schmidt James Michael $150,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2024 06/27/24 Sold $400,000 -10.9% $270 / Sq Ft
05/03/2024 05/03/24 Price Changed $449,000 -4.5% $303 / Sq Ft
04/12/2024 04/12/24 Price Changed $470,000 -4.1% $317 / Sq Ft
03/08/2024 03/08/24 Price Changed $490,000 +9.1% $330 / Sq Ft
03/06/2024 03/06/24 Price Changed $449,000 -6.3% $303 / Sq Ft
02/25/2024 02/25/24 Price Changed $479,000 -2.2% $323 / Sq Ft
02/14/2024 02/14/24 For Sale $490,000 +28.8% $330 / Sq Ft
04/12/2021 04/12/21 Sold $380,500 0.0% $257 / Sq Ft View Prior Sale
03/01/2021 03/01/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $380,500 -- $257 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,495 $431,970 -- --
2023 $5,495 $392,700 $0 $476,850
2022 $4,253 $357,000 $0 $357,000
2021 $3,863 $295,482 $0 $0
2020 $3,560 $318,750 $0 $318,750
2019 $2,965 $244,200 $0 $244,200
2018 $2,871 $222,509 $0 $0
2017 $2,544 $202,281 $0 $0
2016 $2,138 $183,892 $0 $0
2015 $1,874 $150,015 $0 $0
2014 $1,705 $136,377 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Laurie McKay

    Seller's Agent in 2024

    Laurie McKay

    Coastal Living Realty & Associates

    (850) 866-9230

    52 in this area

    80 Total Sales

    Laurie McKay
    Section Image

  • P

    Buyer's Agent in 2024

    Phyllis Holloway

    Coastal Living Realty & Associates

    (404) 401-2444

    20 in this area

    21 Total Sales

    Phyllis Holloway
    Section Image
  • Meghan Hall

    Seller's Agent in 2021

    Meghan Hall

    Keller Williams Realty SRB

    (850) 867-6710

    301 in this area

    554 Total Sales

    Meghan Hall
    Section Image
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About Laketown Wharf Resort

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 752779

Central Panhandle Association of REALTORS®

APN: 40001-000-174

Florida Bay County Panama City 32407

9860 S Thomas Dr Unit 601, Panama City, FL

This home is located at 9860 S Thomas Dr Unit 601, Panama City, FL 32408 since 19 February 2024 and is currently estimated at $466,253, approximately $314 per square foot. This property was built in 2008. 9860 S Thomas Dr Unit 601 is a home located in Bay County with nearby schools including Breakfast Point Academy, J.R. Arnold High School, and St. Bernadette Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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