9900 S Thomas Drive 2331, Panama City Beach, FL 32408 (MLS# 784818)

9900 S Thomas Drive 2331, Panama City Beach, FL 32408

$625,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,400 Status: Active

Current Price: $625,000 List Date: 2/06/2026 Last Modified: 7/21/2026

Overview

Description

ANOTHER MAJOR PRICE IMPROVEMENT — NOW OFFERED AT JUST $625,000 + SELLER TO PAY OFF THE SPECIAL ASSESSMENT AT CLOSING! This true Gulf-front 3BR/3BA penthouse at Shores of Panama represents one of the most exciting values currently available in the building. Perfectly positioned on the coveted end of the U-shaped resort, Unit 2331 showcases sweeping Gulf views from a rare wrap-around balcony–an exceptional feature that elevates both the owner experience and short-term rental appeal. The penthouse elevation, direct Gulf-front exposure, and spacious three-bedroom, three-bath layout create one of the resort's most desirable configurations. The unit also conveys with a dedicated parking space and private storage closet, valuable extras rarely included with competing properties. Even better, the sellers will pay off the current special assessment at closing, delivering significant savings and added peace of mind for the next owner. Shores of Panama offers a spectacular lagoon-style … (Read more)

Listing Details MLS# 784818

Contract Info

List Price/SqFt: 446.43

Location

Area: 03 – Bay County – Beach
Street #: 9900
Street Direction: S
Street Name: Thomas
Street Suffix: Drive
Unit #: 2331
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0318 – Beach – Central South
Subdivision: Shores Of Panama Phase II
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 40000-675-298
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Traveling east on Front Beach Road, turn right on Thomas Drive and the building is at first curve in road on right.
Legal Description: SHORES OF PANAMA II UNIT 2331 TYPE U ORB 2835 P 434 3BR 3BA ORB 4438 P 370 1400 TOTAL SF . PK SP #206

General Property Info

Sub-Type: Condominium
Floor Number: 23
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 1400
SqFt Source: Builders Plans
Full Baths: 3
Total Baths: 3
Year Built: 2007
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Lot Dimensions: N/A
Pool: Yes
Pool Type: Community

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 4500
HOA Frequency: Quarterly
HOA Annual Amount: 18000
New Buyer Fee: No
Last Taxes: 6693
Last Tax Year: 2025
Brokerage Interest: Owner Outside Licensee – Owner is a licensed real estate broker or salesperson.
Condo Doc: Yes

Remarks & Misc

Remarks: ANOTHER MAJOR PRICE IMPROVEMENT — NOW OFFERED AT JUST $625,000 + SELLER TO PAY OFF THE SPECIAL ASSESSMENT AT CLOSING! This true Gulf-front 3BR/3BA penthouse at Shores of Panama represents one of the most exciting values currently available in the building. Perfectly positioned on the coveted end of the U-shaped resort, Unit 2331 showcases sweeping Gulf views from a rare wrap-around balcony–an exceptional feature that elevates both the owner experience and short-term rental appeal. The penthouse elevation, direct Gulf-front exposure, and spacious three-bedroom, three-bath layout create one of the resort's most desirable configurations. The unit also conveys with a dedicated parking space and private storage closet, valuable extras rarely included with competing properties. Even better, the sellers will pay off the current special assessment at closing, delivering significant savings and added peace of mind for the next owner. Shores of Panama offers a spectacular lagoon-style Gulf-front pool, hot tubs, fitness center, on-site dining, direct beach access, and a prime location within walking distance of Pineapple Willy's, 810 Billiards & Bowling, shopping, dining, and entertainment. With strong rental potential, premium features, and a newly reduced price of $625,000, this is a rare opportunity for investors and second-home buyers to secure a true Gulf-front penthouse at an exceptional value. 🌊💰🏖️

Appliances

Dishwasher: Yes
Microwave: Yes
Range – Electric: Yes
Refrigerator: Yes
Water Heater – Electric: Yes

More Information

Exterior

Balcony: Yes

Association Fees Include

Beach: Yes
Dumpster: Yes
Exercise Room: Yes
Game Room: Yes
Pool: Yes
TV Cable: Yes

Furnished

Furnished: Yes

Parking Features

Assigned: Yes
Deeded: Yes

Association Amenities

BBQ Pit/Grill: Yes
Beach: Yes
Dumpster: Yes
Elevators: Yes
Exercise Room: Yes
Game Room: Yes
Pavilion/Gazebo: Yes
Pool: Yes
Security-24 hour: Yes
Separate Storage: Yes
Waterfront: Yes
Whirlpool: Yes

Rooms

Bedroom: Yes
Primary Bedroom: Yes

Utilities

Electricity – Connected: Yes

Waterview

Gulf: Yes

Sale Type

As Is: Yes

Waterfront Type

Gulf: Yes

Primary Bedroom

First: Yes

Bedroom

First: Yes

Security Features

24 Hour Security: Yes
Building Security: Yes

Property Features

Appliances: Dishwasher; Microwave; Range – Electric; Refrigerator; Water Heater – Electric Primary Bedroom: First Bedroom: First Exterior: Balcony Association Fees Include: Beach; TV Cable; Dumpster; Exercise Room; Game Room; Pool Furnished: Furnished Security Features: 24 Hour Security; Building Security Parking Features: Assigned; Deeded Association Amenities: BBQ Pit/Grill; Beach; Dumpster; Elevators; Exercise Room; Game Room; Pavilion/Gazebo; Pool; Security-24 hour; Separate Storage; Whirlpool; Waterfront Rooms: Bedroom; Primary Bedroom Sale Type: As Is Utilities: Electricity – Connected Waterfront Type: Gulf Waterview: Gulf

Room Information

Room Name	Level	Dimensions	Length	Width	Remarks
Primary Bedroom	First	14 x 12	14.00	12.00	Buyer to verify
Bedroom	First	12 x 12	12.00	12.00	Buyer to verify
Bedroom	First	14 x 11	14.00	11.00	Buyer to verify

Listing Office: Luxe Coastal Realty Group LLC

Last Updated: July – 21 – 2026

Information deemed reliable but not guaranteed.