$550,000
SOLD JUL 29, 2022

Laketown Wharf Resort 9860 S Thomas Dr Unit 901 Panama City, FL 32408

4 Beds
3 Baths
1,483 Sq Ft
$718/mo HOA Fee

Recently Sold

$371 Per Sq Ft

4% Below List Price

5 Days on Market

Highlights

  • Heated In Ground Pool
  • Gulf View
  • Balcony
  • J.R. Arnold High School Rated A-
  • Furnished
  • Breakfast Bar

About This Home

As of September 2023

Very desirable, ninth floor, corner unit with a large wraparound balcony boasting amazing un-obstructed views of the beautiful emerald green Gulf of Mexico. Views of the Gulf can be seen from the balcony, living room, master bedroom as well as the second bedroom. The unit features over 1400 sq ft. of living space with three bedrooms and three full bathrooms as well as a separate bunk room (currently used as a workspace). This has been a private weekend retreat for the owners and has not been used as a short-term rental, however it would do very well on the short-term rental market. Other amenities include 5 swimming pools including kids pool for the smaller ones, 2 Jacuzzies, putting green, fitness center, 24hr security as well as shops and restaurants on the ground floor.

Last Agent to Sell the Property

Justin Hutchins

LPT Realty LLC License #3408769 Listed on: 06/02/2022

LPT Realty LLC

Co-Listed By

Kyle Ballif

EXP Realty LLC License #3280394

Last Buyer's Agent

Mark Chambliss

Nautical Properties, LLC License #BK3484522

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,765

Year Built

  • Built in 2008

HOA Fees

  • $718 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 1,483 Sq Ft Home
  • Furnished
  • Breakfast Bar

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • Covered Parking
  • Parking Permit Required

Pool

  • Heated In Ground Pool
  • Gunite Pool

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Additional Features

  • Central Heating and Cooling System

Community Details

Overview

  • Association fees include cable TV, insurance, ground maintenance, pool(s), recreation facilities, sewer, security, trash, water
  • High-Rise Condominium
  • Laketown Wharf Subdivision

Amenities

  • Picnic Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,765

Year Built

Built in 2008

Lot Details

0

HOA Fees

$718 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2008
  • Property Sub Type: Condominium
  • Road Frontage Type: City Street
  • Co List Office Mls Id: EXP2
  • Co List Office Phone: (888) 883-8509
  • Subdivision Name: Laketown Wharf
  • Architectural Style: High Rise
  • Entry Level: 9
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Living Area: 1483.0
  • Dining Room Type: Bedroom, Primary Bedroom
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Gunite, Electric Heat, In Ground
  • View: Gulf
  • View: Yes
  • Waterfront: No
  • Construction Type: Concrete, Stucco
  • Exterior Features: Balcony
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Balcony
  • Roof: Membrane

Garage/Parking

  • Parking Features: Covered, Permit Required
  • Garage: No

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 2155.31
  • Community Features: Short Term Rental Allowed
  • Amenities: Picnic Area
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

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

Schools

  • Middle Or Junior School: Breakfast Point

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 3765.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Sep 28, 2023
Sold by
Brown-Roberts Lezlie C
Bought by
Gulf Properties Llc
Seller's Agent
Mark Chambliss
Coastal Palms Real Estate
Buyer's Agent
Denise Hindes
EMERALD VIEW REAL ESTATE
List Price
$569,900
Sold Price
$510,000
Premium/Discount to List
-$59,900
-10.51%
Views
99
Current Estimated Value
$472,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,537
Avg. Annual Appreciation
-3.04%

Purchase Details

Listed on
Jun 2, 2022
Closed on
Jul 29, 2022
Sold by
Abouelazm Ahmed M
Bought by
Brown-Roberts Lezlie C
Seller's Agent
Justin Hutchins
LPT Realty LLC
Buyer's Agent
Mark Chambliss
Nautical Properties, LLC
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.25%
Original Mortgage
$440,000
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2009
Sold by
Laketown Wharf Marketing Corporation
Bought by
Abouelazm Ahmed M and Abouelazm Salah A
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $510,000 Anchor Title
Warranty Deed $550,000 Anchor Title
Condominium Deed $327,400 Dowd Title Group Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $440,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2023 09/28/23 Sold $510,000 -10.5% $344 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $569,900 +3.6% $384 / Sq Ft
10/28/2022 10/28/22 Off Market $550,000 -- --
07/29/2022 07/29/22 Sold $550,000 -4.3% $371 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $575,000 -- $388 / 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 $5,969 $439,875 -- $439,875
2023 $5,969 $476,850 $0 $476,850
2022 $3,996 $302,225 $0 $0
2021 $3,765 $274,750 $0 $0
2020 $3,469 $318,750 $0 $318,750
2019 $2,879 $244,200 $0 $244,200
2018 $2,790 $206,424 $0 $0
2017 $2,472 $187,658 $0 $0
2016 $2,072 $170,598 $0 $0
2015 $1,899 $155,089 $0 $0
2014 $1,220 $126,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 727458

Central Panhandle Association of REALTORS®

APN: 40001-000-288