$245,000
SOLD JAN 4, 2013

Shores of Panama 9900 S Thomas Dr Unit 2020 Panama City Beach, FL 32408

2 Beds
2.5 Baths
1,102 Sq Ft
$477/mo HOA Fee

Recently Sold

$222 Per Sq Ft

3% Below List Price

Highlights

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

About This Home

As of January 2013

Like thousands of visitors each year, your family will LOVE our new Resort Residences. Shores of Panama has a new owner and we invite you to participate in this exciting time. Shores of Panama has always been one of the most beautiful places to visit, but now with new Club ownership making significant improvements, we are confident the Resort Residence Collection, including 15 different floorplans, is one of the best purchases you can make. This condo is a 2 Bedroom + Bunk with two and a half bathrooms, and has the potential to sleep 8 guests. The Shores of Panama is an excellent location on the beach next to Pineapple Willy's and is within walking distance of other restaurants and entertainment. A resort unLike any other with beautiful exterior details and impressive modern

Last Agent to Sell the Property

Gabriel Stephani

Pineapple Properties License #3238282 Listed on: 01/01/2013

Last Buyer's Agent

Nikki Finch

Overstreet Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,710

Year Built

  • Built in 2007

HOA Fees

  • $477 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Stucco

Interior Spaces

  • 1,102 Sq Ft Home
  • 3-Story Property

Kitchen

  • Electric Range
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Pool

  • Heated Indoor Pool
  • Heated In Ground Pool

Outdoor Features

  • Deeded access to the beach

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Additional Features

  • Central Air

Community Details

Overview

  • Association fees include cable TV, legal/accounting, ground maintenance, pest control, pool(s), sewer, trash, water
  • High-Rise Condominium
  • Shores Of Panama Phase Ii Subdivision

Amenities

  • Sauna
  • Elevator

Recreation

  • Beach

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,710

Year Built

Built in 2007

Lot Details

0

HOA Fees

$477 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Property Sub Type: Condominium
  • Road Frontage Type: City Street
  • Subdivision Name: Shores Of Panama Phase II
  • Architectural Style: High Rise
  • Unit Levels: Three Or More
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1102.0
  • Dining Room Type: Bedroom, Primary Bedroom
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Electric Heat, Indoor, In Ground, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Other, Sewer Connected, Water Connected
  • Security Features: Security Service
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association Fee: 477.0
  • Community Features: Beach, Elevator, Fitness Center, Other, Sauna, See Remarks, Pool
  • Amenities: Beach Rights
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Cable TV, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Trash, Water

Schools

  • Middle Or Junior School: Breakfast Point

Rental Info

  • Furnished: Unfurnished

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2015
Sold by
Reddy Rajasekhar and Kallem Sudha Rani
Bought by
Saisudha Investments Llc

Purchase Details

Listed on
Jan 1, 2013
Closed on
Jan 3, 2013
Sold by
Shores Of Panama Llc
Bought by
Reddy Rajasekhar and Kallem Sudha Rani
Seller's Agent
Gabriel Stephani
Pineapple Properties
Buyer's Agent
Nikki Finch
Overstreet Realty
List Price
$252,900
Sold Price
$245,000
Premium/Discount to List
-$7,900
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%
Original Mortgage
$145,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2012
Sold by
Shores Of Panama Collateral Llc
Bought by
Shores Of Panama Llc
Source: Public Records

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Range of Values:

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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 -- None Available
Special Warranty Deed $245,000 Attorney
Special Warranty Deed $11,817,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $145,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 For Sale $449,900 +83.6% $408 / Sq Ft
06/20/2022 06/20/22 Off Market $245,000 -- --
01/04/2013 01/04/13 Sold $245,000 -3.1% $222 / Sq Ft
01/01/2013 01/01/13 For Sale $252,900 -- $229 / Sq Ft
10/04/2012 10/04/12 Pending -- -- --
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 $4,710 $322,435 -- --
2023 $4,710 $444,125 $0 $444,125
2022 $3,555 $266,475 $0 $0
2021 $3,096 $242,250 $0 $242,250
2020 $3,300 $266,900 $0 $266,900
2019 $3,015 $254,363 $0 $254,363
2018 $2,769 $222,700 $0 $0
2017 $2,710 $238,000 $0 $0
2016 $2,766 $238,638 $0 $0
2015 $2,769 $231,625 $0 $0
2014 $2,577 $215,688 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 605118

Central Panhandle Association of REALTORS®

APN: 40000-675-248