$400,000

Shores of Panama 9900 S Thomas Dr Unit 517 Panama City Beach, FL 32408

Estimated payment $3,550/month

Total Views 1,644
1 Bed
2 Baths
907 Sq Ft
$441 Price per Sq Ft

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Main Floor Primary Bedroom
  • J.R. Arnold High School Rated A-
  • Gated Community
  • Sauna

About This Home

EXPERIENCE COASTAL LIVING at its finest with this incredible condo opportunity just steps from the sugar-white sands and turquoise waters of the Gulf. This unit not only offers comfort and convenience, but also comes with a deeded parking spot—a rare and valuable perk in this area where spaces often sell for $30,000 and up. Inside, you'll find an inviting layout that makes the perfect getaway for personal use or an income-producing investment. With strong rental potential, this property offers buyers the chance to enjoy their own slice of paradise while generating steady revenue when not in use. Beyond the unit, the lifestyle is unbeatable. Spend your mornings on the beach, your afternoons exploring nearby shops and boutiques, and your evenings enjoying the wide variety of restaurants, live music, and entertainment venues the area is known for. From watersports and fishing to family attractions and vibrant nightlife, there's always something to do just outside your door. Residents and guests also have access to the only resort-style pool in all of Panama City Beach, making this property truly one of a kind. Whether you're searching for a vacation retreat, a lucrative rental, or a place to call home by the beach, this condo offers it allplus the added value of a deeded parking spot that sets it apart from the rest.

Listing Agent

Wheeler Sauls Collective

Salty Marlin Realty Listed on: 09/22/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,044

Year Built

  • Built in 2007

HOA Fees

  • $1,101 Monthly HOA Fees

Interior Spaces

  • 907 Sq Ft Home
  • Ceiling Fan
  • Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 2 Full Bathrooms

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 40000-650-086

Community Details

Overview

  • Association fees include ground keeping, security, water
  • Shores Of Panama Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Sauna
  • Elevator

Recreation

  • Beach

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,044

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,101 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: SHORES OF PANAMA
  • Directions: Shores of Panama is located next to Pineapple Willy's across from Laketown Wharf, at the intersection of Front Beach Road and Thomas Dr
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 2007
  • Remarks Misc:Remarks: EXPERIENCE COASTAL LIVING at its finest with this incredible condo opportunity just steps from the sugar-white sands and turquoise waters of the Gulf. This unit not only offers comfort and convenience, but also comes with a deeded parking spot—a rare and valuable perk in this area where spaces often sell for $30,000 and up. Inside, you'll find an inviting layout that makes the perfect getaway for personal use or an income-producing investment. With strong rental potential, this property offers buyers the chance to enjoy their own slice of paradise while generating steady revenue when not in use. Beyond the unit, the lifestyle is unbeatable.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Water Heater - Elect
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Ceiling Fans, Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electric, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Dumpster, Elevators, Exercise Room, Gated Community, Picnic Area, Pool, Sauna/Steam Room, Waterfront
  • Association #2 Fee: 3302.97
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Security, Water

Schools

  • Elementary School: Breakfast Point
  • High School: Arnold
  • Middle Or Junior School: Breakfast Point

Lot Info

  • Parcel #: 40000-650-086

Tax Info

  • Tax Annual Amount: 4044.27
  • Tax Year: 2024

Map

About Shores of Panama

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

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 $3,855 $256,252 -- --
2023 $3,855 $232,956 $0 $361,250
2022 $2,976 $211,778 $0 $0
2021 $2,479 $192,525 $0 $192,525
2020 $2,419 $195,500 $0 $195,500
2019 $2,208 $182,325 $0 $182,325
2018 $2,032 $161,415 $0 $0
2017 $1,789 $155,975 $0 $0
2016 $1,821 $156,188 $0 $0
2015 $1,877 $156,188 $0 $0
2014 $1,757 $146,200 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2025 11/18/25 Pending -- -- --
10/16/2025 10/16/25 Price Changed $400,000 -2.9% $441 / Sq Ft
09/08/2025 09/08/25 For Sale $412,000 -- $454 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Source: Emerald Coast Association of REALTORS®

MLS Number: 985922

Emerald Coast Association of REALTORS®

APN: 40000-650-086

Florida Bay County Panama City Beach 32407

9900 S Thomas Dr Unit 517, Panama City Beach, FL

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Wheeler Sauls Collective
Section Image
Salty Marlin Realty
(850) 630-8377