$480,000
SOLD APR 14, 2023

Shores of Panama 9900 S Thomas Dr Unit 2023 Panama City Beach, FL 32408

2 Beds
2.5 Baths
1,102 Sq Ft
$805/mo HOA Fee

Recently Sold

$436 Per Sq Ft

4% Below List Price

5 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Gated Community
  • J.R. Arnold High School Rated A-
  • Deeded access to the beach
  • Clubhouse

About This Home

As of April 2023

2 BEDROOM WITH SEPARATE BUNK ROOM MASTER FRONT. BIGGEST SHORES BALCONY Shores is one of the best rental generators on the beach. Fully Furnished rental ready. Lovely views of the gulf from this most popular ''L'' Plan. HUGE! One assigned garage parking spot #1031. Two bedroom two and a half bath unit with gulf front master and huge balcony. Private bunk area is an actual room with window and door off main entry. Shores of Panama offers grand amenities such as an indoor pool as well as a lagoon style pool and hot tub boasting Gulf views and featuring a Tiki bar, bar & grill, a fitness room, sauna/steam room, a community room and more. Check out this condo today! Offered fully furnished.

Last Agent to Sell the Property

Scott Seidler - TheConnectionTeam

Keller Williams Success Realty License #BK3077894 Listed on: 02/19/2023

Keller Williams Success Realty

Co-Listed By

Cindy Shoemaker

Christies International Real Estate Emerald Coast License #3135223

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,810

Year Built

  • Built in 2007

Lot Details

HOA Fees

  • $805 Monthly HOA Fees

Interior Spaces

  • 1,102 Sq Ft Home
  • Furnished

Kitchen

  • Electric Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

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 clubhouse, fishing rights, insurance, internet, ground maintenance, pool(s), sewer, trash
  • High-Rise Condominium
  • Shores Of Panama Phase I Subdivision

Amenities

  • Sauna
  • Elevator

Recreation

  • Beach

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,810

Year Built

Built in 2007

Lot Details

0

HOA Fees

$805 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Property Sub Type: Condominium
  • Co List Office Mls Id: BKWS
  • Co List Office Phone: (850) 249-0313
  • Subdivision Name: Shores Of Panama Phase I
  • Architectural Style: High Rise
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Water Heater
  • 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: Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Utilities: Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 2414.86
  • Community Features: Beach, Clubhouse, Elevator, Gated, Other, Pool, Sauna, See Remarks, Short Term Rental Allowed, Waterfront
  • Amenities: Beach Rights, Gated
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Clubhouse, Fishing Rights, Insurance, Internet, Maintenance Grounds, Pool(s), Sewer, Trash

Schools

  • Middle Or Junior School: Breakfast Point

Lot Info

  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 3810.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2023
Closed on
Apr 14, 2023
Sold by
Nordike Mark Erie and Nordike Kristen L
Bought by
Lewis William
Seller's Agent
Scott Seidler - TheConnectionTeam
Keller Williams Success Realty
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.56%
Original Mortgage
$336,000
Outstanding Balance
$328,113
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$145,916

Purchase Details

Closed on
May 5, 2021
Sold by
Panama Holdings Llc
Bought by
Nordike Mark Eric and Nordike Kristen Lyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

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

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $480,000 None Listed On Document
Warranty Deed $315,000 Attorney
Special Warranty Deed $11,141,700 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $336,000 New Conventional
Previous Owner $236,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 Price Changed $459,000 -2.1% $417 / Sq Ft
05/16/2025 05/16/25 For Sale $469,000 -2.3% $426 / Sq Ft
04/14/2023 04/14/23 Sold $480,000 -3.8% $436 / Sq Ft
02/25/2023 02/25/23 Pending -- -- --
02/19/2023 02/19/23 For Sale $499,000 -- $453 / 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 $5,077 $444,126 -- $444,126
2023 $5,077 $358,106 $0 $0
2022 $3,810 $325,551 $0 $325,551
2021 $2,893 $225,293 $0 $225,293
2020 $3,029 $248,217 $0 $248,217
2019 $2,867 $236,557 $0 $236,557
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: 737786

Central Panhandle Association of REALTORS®

APN: 40000-675-251