$399,900
$20K PRICE DROP

Shores of Panama 9900 S Thomas Dr Unit 2011 Floor 20 Panama City, FL 32408

Estimated payment $2,478/month

Total Views 2,962
2 Beds
2 Baths
907 Sq Ft
$441 Price per Sq Ft

Highlights

  • Beach
  • 24-Hour Security
  • Community Pool
  • Property fronts gulf or ocean
  • Gated Parking
  • Game Room

About This Home

Welcome to your Gulf-front condo in Panama City Beach at the highly sought-after Shores of Panama--a proven short-term rental investment with strong income history and breathtaking direct Gulf views from the 20th floor. This 2-bedroom, 2-bath Gulf-front condo is designed for both personal enjoyment and maximum rental performance. The open-concept layout features a fully equipped kitchen with stainless steel appliances, a spacious living area with updated coastal furnishings, and floor-to-ceiling glass doors leading to a private balcony overlooking the emerald waters and white sand beaches of the Gulf of Mexico. The primary suite offers a comfortable king-sized bed, while the separate bunk room (queen-over-queen configuration) significantly increases occupancy--making this unit ideal for vacation rental income. Coastal tones and modern finishes create a bright, clean, and turnkey-ready interior. Step outside to your private balcony and take in panoramic beachfront views, perfect for sunrise coffee or sunset cocktails--one of the most desirable features for Panama City Beach vacation rentals. This unit also includes a deeded parking space, a rare and highly valuable asset that enhances both convenience and rental appeal. Owners and guests at Shores of Panama enjoy resort-style amenities including: Lagoon-style beachfront pool, Indoor heated pool & hot tub, Fitness center & full-service spa, On-site dining and bar, Direct beach access. Located in the heart of Panama City Beach, Florida, this property is minutes from dining, entertainment, and attractions--making it a top choice for investment property buyers, second-home owners, and those seeking a turnkey beachfront condo. Whether you're searching for a high-performing investment property or a Gulf-front second home, this opportunity delivers on every level.

Listing Agent

Beau Blankenship

Christies International Real Estate Emerald Coast Listed on: 03/30/2026

Christies International Real Estate Emerald Coast

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,861

Year Built

  • Built in 2007

Parking

  • 1 Car Garage
  • Gated Parking
  • Secured Garage or Parking
  • Additional Parking
  • Community Parking Structure

Home Design

  • Entry on the 20th floor

Interior Spaces

  • Ceiling Fan
  • Living Room
  • Electric Range
  • Stacked Washer and Dryer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Schools

  • Breakfast Point Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Additional Features

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Community
  • Shores Of Panama Phase I Subdivision
  • 23-Story Property

Amenities

  • Community Barbecue Grill
  • Game Room
  • Elevator

Recreation

  • Beach

Security

  • 24-Hour Security
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,861

Year Built

Built in 2007

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Property Sub Type: Condominium
  • Lot Size: N/A
  • Road Frontage Type: City Street
  • Subdivision Name: Shores Of Panama Phase I
  • Architectural Style: High Rise
  • Entry Level: 20
  • New Construction: No
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Electric Range, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Dining Room Type: Full Bath, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Stories: 23

Exterior Features

  • Pool Features: Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete
  • Patio And Porch Features: Balcony

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Additional Parking, Gated, Community Structure
  • Garage: Yes
  • Attached Garage: No

Utilities

  • Utilities: Cable Connected, High Speed Internet Available
  • Security Features: Building Security, Fire Sprinkler System, Gated with Guard, Secured Garage/Parking, 24 Hour Security, Fire Alarm, Smoke Detector(s), Security Service
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central
  • Laundry Features: Stacked
  • Green Building Features: Dumpster
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Barbecue, Beach, Elevator, Fitness Center, Game Room, Pool, Waterfront, Community Pool, Short Term Rental Allowed
  • Senior Community: No
  • Amenities: Other, See Remarks, Game Room, Barbecue
  • Association: Yes

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Mobile Dim Units: Feet
  • Zoning Description: Resid Multi-Family

Multi Family

  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 3861.0
  • Tax Year: 2025

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,517 $289,001 -- $289,001
2024 $4,579 $361,251 -- $361,251
2023 $4,579 $361,251 $0 $361,251
2022 $3,290 $278,759 $0 $278,759
2021 $2,479 $192,526 $0 $192,526
2020 $2,420 $195,500 $0 $0
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/27/2026 04/27/26 Price Changed $399,900 -4.8% $441 / Sq Ft
03/30/2026 03/30/26 For Sale $419,900 -- $463 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $405,000 None Listed On Document
Warranty Deed $283,000 Attorney
Warranty Deed $230,000 Limestone Title & Escrow Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $195,500 Commercial
Source: Public Records

Source: Central Panhandle Association of REALTORS®

MLS Number: 787603

Central Panhandle Association of REALTORS®

APN: 40000-650-350

Florida Bay County Panama City 32407

9900 S Thomas Dr Unit 2011, Panama City, FL

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.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Nearby Homes
Listing Agent
Beau Blankenship
Section Image
Christies International Real Estate Emerald Coast
(448) 333-1345
Your Personal Tour Guide

Ask me questions while you tour the home.