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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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9900 S Thomas Dr Unit 2331 , Panama City Beach, FL 32408
$625,000
Est. Payment: $3,169.88/mo
3 Bed
3 Bath
1400 Sqft
Status: active | Days on site: 150
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

MAJOR PRICE IMPROVEMENT + SELLER TO PAY OFF SPECIAL ASSESSMENT AT CLOSING! This Gulf-front 3BR/3BA penthouse at Shores of Panama is now offered at $630K and represents one of the most compelling opportunities currently available in the building. Positioned on the coveted end of the U-shaped building, this penthouse offers sweeping Gulf views from a rare wrap-around balcony that creates the premium guest experience vacation renters actively seek. Penthouse elevation, true Gulf-front exposure, and a spacious 3-bedroom, 3-bathroom layout make this one of the most desirable rental configurations in the resort. The unit also conveys with a dedicated parking space and private storage closet, valuable extras rarely found in competing properties. Even better, the sellers will pay off the current special assessment at closing, providing significant savings and peace of mind for the next owner. Shores of Panama features a 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, and entertainment. Well-positioned 3BR units in the building commonly generate $80,000-$90,000+ annually in rental income, with upside potential beyond that when professionally optimized. For investors and second-home buyers alike, this is a rare opportunity to own a true Gulf-front penthouse at an exceptional value. 🌊💰🏖️ with upside into the $100K range when optimized.

Highlights

Listed by Marcy L O'Donnell , 848-220-5555 Luxe Coastal Realty , 848-220-5555. Emerald Coast Multiple Listing Services

Property Type

Condo/Townhome

HOA Fee

Year Built

2007

County

Bay

Area

27 - Bay County

Neighborhood

Shores Of Panama Phase I

Listing ID

995928

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
Air Cond:Central Air
Fireplaces:
Other:
  • Additional:Breakfast Bar

Exterior Features

Lot:Gulf
Others:
  • Additional:Balcony
Sewer:Public Sewer
Principal Interest
$3,170
Taxes
$558
HOA
$0

Home Price

$625,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$125,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,169.88

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,169.88 $557.72 $0.00 $3,727.60
Yearly $38,038.58 $6,692.58 $0.00 $44,731.16
Total $1,141,157.55 $200,777.40 $0.00 $1,341,934.95

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:32:47.000Z

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