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3 Beds
3 Baths
1,400 sqft

$615,000

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

Price per sqft$439.29
Built in2007
Property size1,400 sqft
Property typeCondominium

Overview

Active

Listed Sep 21, 2026

Updated 9h ago

ANOTHER MAJOR PRICE IMPROVEMENT! This Gulf-front 3BR/3BA penthouse at Shores of Panama is now offered at an even more compelling value and presents a rare opportunity for investors, second-home buyers, or anyone wanting a true beachfront penthouse in Panama City Beach. Perfectly positioned on the end of the U-shaped building, this unit offers sweeping, unobstructed Gulf views from an expansive wrap-around balcony, including beautiful sunrise views over the coastline. The spacious 3-bedroom, 3-bath layout is ideal for personal use or vacation rental income, while the penthouse elevation provides added privacy and an exceptional vantage point. The unit also conveys with a dedicated parking space and private storage closet, valuable extras rarely found with competing properties. Shores of Panama offers direct beach access, a lagoon-style Gulf-front pool, hot tubs, fitness center, on-site dining, and an unbeatable location steps from Pineapple Willy's, 810 Billiards & Bowling, shopping, dining, and entertainment. Well-positioned 3BR units in the building commonly generate approximately $80K-$90K annually, with upside potential into the $100K range when professionally optimized. With another significant price reduction, premium penthouse features, and exceptional Gulf-front positioning, Unit 2331 stands out as one of the most compelling opportunities currently available at Shores of Panama. with upside into the $100K range when optimized.

$4,092/mo

Est. mortgage payment based on a $615,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
995928

Interior Features

Bedrooms
3
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$6,693
Tax Frequency
Annually
View
Yes
Waterfront
Yes

Also listed on BCMLS

MLS provider logo

Courtesy of Luxe Coastal Realty, 
Listing Contact: 848-220-5555 

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gillman Group Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 3:51 AM UTC, 10/27/2026

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