Shores of Panama 9900 S Thomas Dr Unit 518 Panama City Beach, FL 32408
2
Beds
2.5
Baths
1,066
Sq Ft
$1,394/mo
HOA Fee
Highlights
- Beach
- Property fronts gulf or ocean
- Security Service
- J.R. Arnold High School Rated A-
- Heated Indoor Pool
- Gated Community
About This Home
As of July 2025Shores of Panama offers luxurious Gulf-front condos with amenities exclusive to the complex, including 500 feet of Gulf frontage, a 14,000-square-foot zero-entry Gulf-side pool, hot tub, heated indoor pool and hot tub, a fitness center, and two full-service bars serving lunch and dinner. Unit 518 offers a direct Gulf view from the living room, kitchen, and primary suite, bringing the beauty of the beach right to your doorstep. The dedicated parking spot is conveniently located directly across from the entrance on the 5th floor of the parking garage. This unit features 2 bedrooms, each with its own private en-suite, and a separate bunk room with a half bathroom, providing plenty of space for family and guests. All stainless steel appliances have been replaced within the last 5 years, the HVAC is just 3 years old, and the water heater is 6 years old. Shores of Panama offers services, like beach events, chair rentals, high-speed internet, a coffee shop, and 24/7 security for peace of mind. Located in the heart of Panama City Beach, this condo is next to Pineapple Willy's beachfront restaurant and just minutes from St. Andrews State Park, Pier Park, shopping centers, and endless dining and entertainment options. Not only is this condo a stunning retreat, but the proven rental history is excellent and has even more potential it increase! Schedule your appointment today to see this beautiful property and all it has to offer!
Last Agent to Sell the Property
Beachy Beach Real Estate License #BK3425752 Listed on: 03/09/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,471
Year Built
- Built in 2007
HOA Fees
- $1,394 Monthly HOA Fees
Interior Spaces
- 1,066 Sq Ft Home
- Furnished
- Ceiling Fan
- Stacked Washer and Dryer
Kitchen
- Breakfast Bar
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
Home Security
Parking
- 1 Covered Space
- Secured Garage or Parking
- Assigned Parking
Pool
- Heated Indoor Pool
- Heated In Ground Pool
- Spa
Schools
- Breakfast Point Elementary And Middle School
- Arnold High School
Additional Features
- Central Heating and Cooling System
Community Details
Overview
- Association fees include cable TV, insurance, internet, legal/accounting, ground maintenance, maintenance structure, pool(s), recreation facilities, sewer, security, trash, water
- High-Rise Condominium
- Shores Of Panama Phase I Subdivision
Amenities
- Community Barbecue Grill
- Elevator
Recreation
- Beach
- Community Spa
Security
- Security Service
- Gated Community
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 1, 2019
Sold by
Hindes Kevin Martin and Hindes Denise Marie
Bought by
Pickel Deborah S and Beader Marlou Z
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
4.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 24, 2015
Sold by
Hindes Kevin Martin and Hindes Denise Marie
Bought by
Hindes Family Trust
Purchase Details
Closed on
Dec 10, 2007
Sold by
Underwood James Edward and Underwood Camille P
Bought by
Hindes Kevin M and Hindes Denise M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Deed | $303,000 | Mti Title Insurance Agcy Inc | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $340,000 | Landamerica Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional | |
| Closed | $163,000 | New Conventional | |
| Previous Owner | $255,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Sold | $375,000 | -5.1% | $352 / Sq Ft |
| 06/08/2025 06/08/25 | Price Changed | $395,000 | -9.2% | $371 / Sq Ft |
| 03/09/2025 03/09/25 | For Sale | $435,000 | -- | $408 / Sq Ft |
Source: Central Panhandle 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 | $4,277 | $291,888 | -- | -- |
| 2023 | $4,277 | $265,353 | $0 | $395,250 |
| 2022 | $3,370 | $241,230 | $0 | $0 |
| 2021 | $2,840 | $219,300 | $0 | $219,300 |
| 2020 | $3,132 | $257,550 | $0 | $257,550 |
| 2019 | $2,762 | $241,400 | $0 | $241,400 |
| 2018 | $2,425 | $194,225 | $0 | $0 |
| 2017 | $2,252 | $197,200 | $0 | $0 |
| 2016 | $2,359 | $203,171 | $0 | $0 |
| 2015 | $2,432 | $203,171 | $0 | $0 |
| 2014 | $2,448 | $196,350 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Barbara Wade
Seller's Agent in 2025
Barbara Wade
Beachy Beach Real Estate
(505) 903-9061
30 in this area
51 Total Sales
-
Gabriel Stephani
Buyer's Agent in 2025
Gabriel Stephani
Pineapple Properties
(850) 814-4640
164 in this area
243 Total Sales
About Shores of Panama
Map
Source: Central Panhandle Association of REALTORS®
MLS Number: 770098
APN: 40000-650-087
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