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Harrison Lilly Team

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

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9902 S Thomas Dr Unit 1635 , Panama City, FL 32408
$349,000
Est. Payment: $1,928.17/mo
1 Bed
2 Bath
1047 Sqft
Status: Active | Days on site: 76
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R1GEC2 - B10232
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Harrison Lilly Team
Owner/Operator

House Description

Calling all investors! This is more than just a condo -- it's an established income-producing business opportunity with a proven rental history already in place. This successful vacation rental has been professionally managed through the seller's rental company and includes a solid 3-year rental history, making it an excellent opportunity for investors seeking a turnkey property that is already generating revenue comparable to Gulf view units. Whether you're looking to expand your portfolio, invest in a beach property, or purchase an established short-term rental business, this condo offers the opportunity to step into a property that is already working for you from day one. This 1 bedroom, 2 bathroom + bunk room condo has been meticulously maintained and updated with LVP flooring, stainless steel appliances, tile backsplash. It is being offered fully furnished and is turnkey rental ready. The location on the 16th floor close to the elevators offers easy access and amazing views of the lake and fountain as well as a peek of the Gulf from your private balcony. Resort-style amenities include direct gated beach access for endless sun & surf, 5 pools including a lagoon pool & rooftop pool, Kids Funscape Playground & splash zone, Gulf-view fitness center to work out, Splash Bar & Grill - dine without leaving the resort, covered garage parking for convenience & security, 52,000 sq. ft. lakefront boardwalk with market shops and new to the property is 810 Billiards & Bowling complete with an arcade and milkshake bar - a place for social fun for all ages. In today's market, opportunities like this are about more than location -- they're about return on investment, consistent income potential, and owning a property with an established track record. Please note: all arcade 1up machines not included in sale . Contact me for rental history, income details, and more information on this exceptional investment opportunity.

Highlights

Listed by Terry L Nutter , 850-919-6887 Realty One Group Emerald Coast , 850-238-8338. Bay County Association of REALTORS

Property Type

Condo/Townhome

HOA Fee

2490.59 Quarterly

Year Built

2007

County

Bay

Area

03 - Bay County - Beach

Neighborhood

Laketown Wharf Phase II

Listing ID

791661

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Washer/Dryer Stacked, Electric Oven, Electric Range, Electric Water Heater
Air Cond:Central Air
Fireplaces:
Other:
  • ▪ Additional:Main Level Primary, Tub Shower

Exterior Features

Lot:Paved
Lot Dimensions:Condo
Sewer:Public Sewer
Principal Interest
$1,928
Taxes
$252
HOA
$2,491

Home Price

$349,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$69,800
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:
$1,928.17

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $1,928.17 $252.25 $2,490.59 $4,671.01
Yearly $23,138.10 $3,027.00 $29,887.08 $56,052.18
Total $694,142.90 $90,810.00 $896,612.40 $1,681,565.30

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, 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 Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T08:07:44.000Z

© 2026 Bay County Association of REALTORS