Shores of Panama 9900 S Thomas Dr Unit 1528 Panama City Beach, FL 32408
3
Beds
3
Baths
1,525
Sq Ft
$1,387/mo
HOA Fee
Highlights
- Property fronts gulf or ocean
- Main Floor Primary Bedroom
- Game Room
- J.R. Arnold High School Rated A-
- Community Pool
- Elevator
About This Home
As of March 2024CURRENTLY UNDER CONTRACT WITH A KICK OUT CLAUSE, SELLER WILL CONSIDER BACKUP OFFERS. Seller is offering to pay towards buyer's discount points to buy the interest rate down for buyer, with accepted purchase price! This is truly one of the best buys for a 3 bedroom on the Emerald Coast! Turnkey, move-in-ready, and rental machine! This 3 bedroom, 3 baths with bunk room sleeps 10. Also comes with a dedicated parking space. No detail was missed on this gorgeous beach retreat. All upgrades in this condo are less than 2 years old. Just some of these updates include beautiful countertops with level 3 granite and the custom cabinetry, LVP flooring, sliding barn doors to the bedrooms, upgraded fixtures and hardware, and Nickle gap siding on the walls. This condo has a great rental history as well, reaching $65k in its first full year of being on the rental program with a few weeks of owner usage! Shores of Panama is one of the most amenity rich complexes in the area, and within a couple blocks of dozens of restaurants, theme parks and beach services. In today's market it is all about value, and this lovely beach retreat offers the best bang for the buck of all the competitors!
Last Agent to Sell the Property
Daniel Walker Group
EXP Realty LLC Listed on: 01/29/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,354
Year Built
- Built in 2007 | Remodeled
HOA Fees
- $1,387 Monthly HOA Fees
Parking
- 1 Car Garage
Home Design
- Concrete Siding
Interior Spaces
- 1,525 Sq Ft Home
- Paneling
- Track Lighting
- Living Room
- Vinyl Flooring
Kitchen
- Breakfast Bar
- Electric Oven or Range
- Cooktop<<rangeHoodToken>>
- <<microwave>>
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- 3 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Dryer
- Washer
Schools
- Breakfast Point Elementary And Middle School
- Arnold High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Additional Features
Listing and Financial Details
- Assessor Parcel Number 40000-675-191
Community Details
Overview
- Association fees include accounting, ground keeping, recreational faclty, cable TV, trash
- 709 Buildings
- 709 Units
- Shores Of Panama Subdivision
- 23-Story Property
Amenities
- Community Barbecue Grill
- Picnic Area
- Game Room
- Recreation Room
- Elevator
Recreation
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 29, 2024
Closed on
Mar 7, 2024
Sold by
Purdy Laura
Bought by
Beach Dayz At Shores Of Panama Llc
Seller's Agent
Daniel Walker Group
EXP Realty LLC
Buyer's Agent
Denise Hindes
Coastal Living Realty & Associates LLC
List Price
$695,000
Sold Price
$655,000
Premium/Discount to List
-$40,000
-5.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.44%
Original Mortgage
$500,297
Outstanding Balance
$494,438
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$121,326
Purchase Details
Listed on
Feb 9, 2022
Closed on
Mar 16, 2022
Sold by
Michael Mitchell Jason and Denis Katherine
Bought by
Purdy Laura
Seller's Agent
Kelly Zarda
Emerald Coast Real Estate & Vacations LLC
Buyer's Agent
Daniel Walker
Beachy Beach 30A Real Estate
List Price
$649,000
Sold Price
$724,000
Premium/Discount to List
$75,000
11.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.93%
Original Mortgage
$579,200
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 24, 2021
Closed on
Sep 28, 2021
Sold by
Dabbas Hani A and Dabbas Janice
Bought by
Mitchell Jason Michael and Mitchell Katherine Denise
Seller's Agent
Donna Johnson
Anchor Realty Florida
Buyer's Agent
Kelly Zarda
Pineapple Properties
List Price
$450,500
Sold Price
$449,000
Premium/Discount to List
-$1,500
-0.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
182.53%
Original Mortgage
$336,750
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 25, 2019
Closed on
Feb 5, 2020
Sold by
Panama Partners Llc
Bought by
Dabbas Hani A and Dabbas Janice
Seller's Agent
Bruce Koep
Ohana Real Estate Services
Buyer's Agent
Bruce Koep
Ohana Real Estate Services
List Price
$313,000
Sold Price
$351,450
Premium/Discount to List
$38,450
12.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.22%
Original Mortgage
$278,817
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 27, 2012
Sold by
Shores Of Panama Collateral Llc
Bought by
Panama Partners Llc
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $655,000 | 850 Title | |
| Warranty Deed | $724,000 | New Title Company Name | |
| Warranty Deed | $449,000 | Diamond Title Agency Inc | |
| Warranty Deed | $390,500 | Attorney | |
| Special Warranty Deed | $10,804,100 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,297 | New Conventional | |
| Previous Owner | $579,200 | New Conventional | |
| Previous Owner | $336,750 | New Conventional | |
| Previous Owner | $278,817 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | For Sale | $635,000 | -3.1% | $416 / Sq Ft |
| 03/08/2024 03/08/24 | Sold | $655,000 | 0.0% | $430 / Sq Ft |
| 03/08/2024 03/08/24 | Sold | $655,000 | -4.9% | $430 / Sq Ft |
| 01/29/2024 01/29/24 | Price Changed | $689,000 | -0.9% | $452 / Sq Ft |
| 01/29/2024 01/29/24 | For Sale | $695,000 | +0.9% | $456 / Sq Ft |
| 01/19/2024 01/19/24 | For Sale | $689,000 | 0.0% | $452 / Sq Ft |
| 01/19/2024 01/19/24 | Pending | -- | -- | -- |
| 01/19/2024 01/19/24 | Pending | -- | -- | -- |
| 01/17/2024 01/17/24 | Price Changed | $689,000 | -0.9% | $452 / Sq Ft |
| 12/26/2023 12/26/23 | Price Changed | $695,000 | 0.0% | $456 / Sq Ft |
| 12/26/2023 12/26/23 | Price Changed | $695,000 | -0.6% | $456 / Sq Ft |
| 12/04/2023 12/04/23 | Price Changed | $699,000 | 0.0% | $458 / Sq Ft |
| 12/04/2023 12/04/23 | Price Changed | $699,000 | -6.6% | $458 / Sq Ft |
| 11/21/2023 11/21/23 | Price Changed | $748,000 | -0.1% | $490 / Sq Ft |
| 11/16/2023 11/16/23 | Price Changed | $748,999 | 0.0% | $491 / Sq Ft |
| 11/12/2023 11/12/23 | Price Changed | $749,000 | 0.0% | $491 / Sq Ft |
| 10/31/2023 10/31/23 | Price Changed | $749,000 | -6.3% | $491 / Sq Ft |
| 10/23/2023 10/23/23 | For Sale | $799,000 | 0.0% | $524 / Sq Ft |
| 10/19/2023 10/19/23 | For Sale | $799,000 | +127.3% | $524 / Sq Ft |
| 07/28/2022 07/28/22 | Off Market | $351,450 | -- | -- |
| 07/05/2022 07/05/22 | Off Market | $724,000 | -- | -- |
| 07/05/2022 07/05/22 | Off Market | $449,000 | -- | -- |
| 03/16/2022 03/16/22 | Sold | $724,000 | 0.0% | $475 / Sq Ft |
| 02/10/2022 02/10/22 | Price Changed | $724,000 | +11.6% | $475 / Sq Ft |
| 02/09/2022 02/09/22 | For Sale | $649,000 | +44.5% | $426 / Sq Ft |
| 09/30/2021 09/30/21 | Sold | $449,000 | -0.3% | $294 / Sq Ft |
| 07/24/2021 07/24/21 | For Sale | $450,500 | +28.2% | $295 / Sq Ft |
| 02/12/2020 02/12/20 | Sold | $351,450 | +12.3% | $230 / Sq Ft |
| 12/04/2019 12/04/19 | Pending | -- | -- | -- |
| 09/25/2019 09/25/19 | For Sale | $313,000 | -- | $205 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Tax History Compared to Growth
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 | $7,354 | $600,951 | -- | $600,951 |
| 2023 | $7,354 | $600,951 | $0 | $600,951 |
| 2022 | $4,261 | $360,486 | $0 | $360,486 |
| 2021 | $3,683 | $296,651 | $0 | $296,651 |
| 2020 | $3,326 | $272,339 | $0 | $0 |
| 2019 | $3,432 | $284,580 | $0 | $284,580 |
| 2018 | $3,446 | $282,370 | $0 | $0 |
| 2017 | $2,919 | $256,700 | $0 | $0 |
| 2016 | $2,972 | $256,700 | $0 | $0 |
| 2015 | $3,044 | $254,915 | $0 | $0 |
| 2014 | $3,040 | $254,915 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Denise Hindes
Seller's Agent in 2025
Denise Hindes
Coastal Living Realty & Associates
(404) 401-2444
58 in this area
65 Total Sales
-
D
Seller's Agent in 2024
Daniel Walker Group
EXP Realty LLC
-
Daniel Walker
Seller's Agent in 2024
Daniel Walker
Compass Florida, LLC
(850) 974-1621
13 in this area
42 Total Sales
-
Kelly Zarda
Seller's Agent in 2022
Kelly Zarda
Emerald Coast Real Estate & Vacations LLC
(850) 532-8456
123 in this area
136 Total Sales
-
Donna Johnson
D
Seller's Agent in 2021
Donna Johnson
Anchor Realty Florida
(850) 890-6961
168 in this area
235 Total Sales
-
H
Seller Co-Listing Agent in 2021
Heather Boyett
Coldwell Banker Carroll Realty
About Shores of Panama
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 935177
APN: 40000-675-191
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