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

$615,000 - Status: Active
Bed Icon Beds: 3
Bath Icon Baths: 3 full
Sq Feet Icon SQFT (H&C): 1,400
MLS Icon MLS# 995928

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.

Property Features

MLS#: 995928
Zip: 32408
Subdivision: Shores Of Panama Phase I
Development: 27 - Bay County
Property Type: Residential - Condominium
Cooling: Central Air
Days on Site: 252
Heating: Central
Home Style: N/A
Stories: 23.0
Taxes: $6,692
Year Built: 2007
SQFT (H&C): 1,400

Feature Descriptions

Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
Association Fee Includes: $0
Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Pool, TV Cable, Waterfront
Exterior: Concrete, Masonite, Stucco
Exterior: Balcony
Financing Terms: Conventional
HOA: Yes
Interior: Breakfast Bar
Parcel Number: 40000-675-298
Pool Features: Pool Type
Property Condition: Construction Complete
Rooms Total: 5
Sewer: Public Sewer
Special View Info: Gulf
Sub Type: Condominium
Utilities: Electric, Public Water, TV Cable
Waterfront: Gulf
Window: Window Treatment All

Room Sizes

Primary Bedroom: 14 X 12 Level - First
Bedroom: 12 X 12 Level - First
Bedroom: 14 X 11 Level - First
Living Room: 15 X 14 Level - First
Kitchen: 12 X 10 Level - First

Local Schools

High School: Arnold
Middle School: Breakfast Point
Elementary School: Breakfast Point

9900 S Thomas Drive, Unit UNIT 2331 | MLS# 995928

This condo located at 9900 S Thomas Drive, Unit UNIT 2331, Panama City Beach, FL 32408 is currently listed for sale with an asking price of $615,000. This property was built in 2007 and has 3 bedrooms and 3 full baths with 1400 sq. ft. S Thomas Drive, Unit UNIT 2331 is located in the Shores Of Panama Phase I subdivision. Search Shores Of Panama Phase I real estate on aphillips.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Luxe Coastal Realty

Shown By

Agent Name: Andrew Phillips
Agent Phone: (850) 819-2764
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 11/01/2026. The listing information on this page last changed on 11/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 11/01/2026 12:01:24 AM EST) or Emerald Coast MLS (last updated Sat 10/31/2026 11:55:26 PM EST) or Central Panhandle Association of Realtors (last updated Sat 10/31/2026 11:57:22 PM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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