$455,000
SOLD OCT 24, 2022

Shores of Panama 9900 S Thomas Dr Unit 1604 Panama City Beach, FL 32408

2 Beds
3 Baths
1,148 Sq Ft
$986/mo HOA Fee

Recently Sold

$396 Per Sq Ft

19% Below List Price

162 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Indoor Pool
  • J.R. Arnold High School Rated A-
  • Deeded access to the beach
  • 24-Hour Security

About This Home

As of October 2022

This ''B'' type floor plan has fantastic balcony views of the pool and views down the coastline of Panama City Beach, Florida! Shores of Panama 1604 is a 2 Bedroom + Bunk Room, 3 Bathroom, unit that conveys fully furnished and rental-ready. This unit has a separate bunk room with door for added privacy and tile flooring throughout. Located on the west wing on the 16th floor allows for gulf views from BOTH bedroom windows overlooking the rooftops of the Long Beach Towers. Shores of Panama Resort Condominiums are world-renowned for their massive resort-style lagoon pool complete with hot tub and Tiki bars. Other amenities include an indoor heated pool, spa, fitness center, sauna, steam room, and in-resort shopping.

Last Agent to Sell the Property

Sean Casilli

Coldwell Banker Realty License #SL3389725 Listed on: 03/30/2022

Coldwell Banker Realty

Co-Listed By

Alice De La Penha

Coldwell Banker Realty License #3290518

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,025

Year Built

  • Built in 2007

Lot Details

HOA Fees

  • $986 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 1,148 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Living Room
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Home Security

Pool

Outdoor Features

  • Deeded access to the beach

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 insurance, legal/accounting, ground maintenance, pool(s)
  • 709 Units
  • High-Rise Condominium
  • Shores Of Panama Phase I Subdivision

Amenities

  • Community Barbecue Grill
  • Business Center
  • Elevator

Recreation

  • Beach
  • Community Playground
  • Park

Security

  • 24-Hour Security
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,025

Year Built

Built in 2007

Lot Details

0

HOA Fees

$986 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Property Sub Type: Condominium
  • Lot Size: CONDO
  • Co List Office Mls Id: BSA2
  • Co List Office Phone: (850) 234-6696
  • Subdivision Name: Shores Of Panama Phase I
  • Architectural Style: High Rise
  • Entry Level: 16
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Living Area: 1148.0
  • Dining Room Type: Bedroom, Full Bath, Kitchen, Living Room
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Indoor, In Ground, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Garage
  • Garage: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Other, Sewer Connected, Trash Collection
  • Security Features: Fire Sprinkler System, 24 Hour Security
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Laundry Features: Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 2959.26
  • Community Features: Barbecue, Beach, Business Center, Clubhouse, Elevator, Fitness Center, Other, Playground, Park, Shopping, See Remarks, Short Term Rental Allowed, Waterfront, Pool
  • Amenities: Beach Rights
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Insurance, Legal/Accounting, Maintenance Grounds, Pool(s)

Schools

  • Middle Or Junior School: Breakfast Point

Lot Info

  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 709

Tax Info

  • Tax Annual Amount: 3025.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
Oct 14, 2022
Sold by
Baker Alan Bruce and Baker Shonda Knowles
Bought by
Toliver Shawn J and Toliver William C
Seller's Agent
Sean Casilli
Coldwell Banker Realty
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$565,000
Sold Price
$455,000
Premium/Discount to List
-$110,000
-19.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.73%
Original Mortgage
$325,500
Outstanding Balance
$315,077
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$118,792

Purchase Details

Listed on
Dec 3, 2020
Closed on
Apr 14, 2021
Sold by
Vanwinkle Wade and Vanwinkle Katarina
Bought by
Baker Alan Bruce and Baker Shonda Knowles
Seller's Agent
Christopher Ballenger
Keller Williams Success Realty
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$315,000
Sold Price
$305,000
Premium/Discount to List
-$10,000
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.88%
Original Mortgage
$259,250
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2018
Closed on
Jan 25, 2019
Sold by
Jones Michael N and Jones Debra T
Bought by
Vanwinkle Wade and Vanwinkle Van Winkle
Seller's Agent
Marina Grigoryan
Coldwell Banker Realty
Buyer's Agent
Merrie Allen
Anchor Realty Florida
List Price
$309,900
Sold Price
$295,000
Premium/Discount to List
-$14,900
-4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.52%
Original Mortgage
$221,250
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 24, 2015
Closed on
Jan 21, 2016
Sold by
French Realty Llc
Bought by
Jones Michael N and Jones Debra T
Seller's Agent
Gabriel Stephani
Pineapple Properties
Buyer's Agent
Craig Baranowski
Keller Williams Success Realty
List Price
$249,000
Sold Price
$223,000
Premium/Discount to List
-$26,000
-10.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%
Original Mortgage
$173,940
Interest Rate
3.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 27, 2012
Sold by
Coker Daryl E
Bought by
French Realty Llc
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 $455,000 --
Warranty Deed $305,000 Setco Services Llc
Warranty Deed $295,000 Mti Title Ins Agency Inc
Warranty Deed $223,000 Mti Title Ins Agency Inc
Warranty Deed $185,000 H&S Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $325,500 New Conventional
Previous Owner $259,250 New Conventional
Previous Owner $221,250 Adjustable Rate Mortgage/ARM
Previous Owner $173,940 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 For Sale $395,000 -13.2% $344 / Sq Ft
01/22/2023 01/22/23 Off Market $455,000 -- --
10/24/2022 10/24/22 Sold $455,000 -4.2% $396 / Sq Ft
08/08/2022 08/08/22 Price Changed $475,000 +61.0% $414 / Sq Ft
07/05/2022 07/05/22 Off Market $295,000 -- --
06/27/2022 06/27/22 Price Changed $499,000 +63.6% $435 / Sq Ft
06/20/2022 06/20/22 Off Market $305,000 -- --
06/20/2022 06/20/22 Off Market $223,000 -- --
06/08/2022 06/08/22 Price Changed $534,700 -3.6% $466 / Sq Ft
04/15/2022 04/15/22 Price Changed $554,700 -1.8% $483 / Sq Ft
03/30/2022 03/30/22 For Sale $565,000 +85.2% $492 / Sq Ft
04/14/2021 04/14/21 Sold $305,000 -1.6% $266 / Sq Ft
02/06/2021 02/06/21 Pending -- -- --
01/20/2021 01/20/21 Price Changed $310,000 -1.6% $270 / Sq Ft
12/03/2020 12/03/20 For Sale $315,000 +6.8% $274 / Sq Ft
01/28/2019 01/28/19 Sold $295,000 -4.8% $257 / Sq Ft
01/08/2019 01/08/19 Pending -- -- --
12/05/2018 12/05/18 For Sale $309,900 +39.0% $270 / Sq Ft
01/22/2016 01/22/16 Sold $223,000 -10.4% $194 / Sq Ft
11/24/2015 11/24/15 Pending -- -- --
04/24/2015 04/24/15 For Sale $249,000 -- $217 / 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 $5,502 $441,915 -- $441,915
2023 $5,502 $441,915 $0 $441,915
2022 $3,541 $297,500 $0 $297,500
2021 $3,025 $238,000 $0 $238,000
2020 $3,056 $246,024 $0 $246,024
2019 $2,631 $227,800 $0 $227,800
2018 $2,322 $186,150 $0 $0
2017 $2,042 $178,500 $0 $0
2016 $2,399 $206,640 $0 $0
2015 $2,261 $188,700 $0 $0
2014 $2,226 $185,980 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 724381

Central Panhandle Association of REALTORS®

APN: 40000-650-271