tomo logo

$340,000

Beds
2
Baths
2.0
sq ft
1,262

9860 S Thomas Dr Unit 308, Panama City, FL 32408

9860 S Thomas Dr Unit 308

Panama City Beach, FL 32408

  • 94 days on market
    • Price drop $20,000↓
Welcome to an exceptional investment opportunity at Laketown Wharf in Panama City Beach! This captivating 2-bedroom, 2-bathroom condo, complete with an additional bunk room, offers a proven track record, generating over $47,000 in annual rental revenue. It's the perfect investment for both seasoned and new investors alike.This condo consistently delivers impressive income, making it a reliable asset for your investment portfolio. With Evolve Management handling all rental services, operations are hassle-free, ensuring you can enjoy your investment without the stress of day-to-day management.Tastefully decorated and meticulously maintained, this condo is ready for guests to enjoy. Its prime location directly across the street from the Gulf offers easy beach access and unobstructed lake views from the third floor. Guests can also take advantage of exceptional amenities, including five pools, a lakefront boardwalk, nightly fountain and light shows, a fitness center, putting green, and onsite dining options.Accommodating up to 10 guests, this condo offers two king-sized bedrooms, a bunk nook, and two sleeper sofas, making it ideal for vacationers. Recent upgrades include a new HVAC (2022), WIFI-controlled front door, Nest thermostat, front door camera, hot water heater, and more.The condo even comes with its own custom website for top-tier visibility and an established clientele, ensuring maximum rental potential. Whether you're seeking a vacation retreat or a lucrative investment property, this condo offers the best of both worlds.All information is deemed accurate but should be verified by the buyer and/or buyer's agent if important. Seize this opportunity to own a money-making machine in Panama City Beach!

Details

Property type

Condominium

Est. home value

$402,744

Lot size

Unknown

Price per sq ft

$270

Year built

2008

Annual property taxes

$4,978

Monthly HOA fee

$775.99

Price History

12/10/2024
CentralPanhandle

CentralPanhandle #762913

Price change
$340,000
-5.56%
09/18/2024
CentralPanhandle

CentralPanhandle #762913

Listed
$360,000
+0.28%
07/26/2024
CentralPanhandle

CentralPanhandle #746254

Removed
$359,000

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Clubhouse, Fitness Center

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pen Air Federal Cu

Loan start date

February 2022

Original loan amount

$324,000

Est. remaining balance

Not provided

Interest rate

3.37%

Loan type

New Conventional, 30 year

Seller

Joshua Stephen Shaw and Brianne Nichole Shaw

Lender

Pen Air Federal Cu

Loan start date

February 2022

Original loan amount

$324,000

Est. remaining balance

Not provided

Interest rate

3.37%

Loan type

New Conventional, 30 year

Seller

Joshua Stephen Shaw and Brianne Nichole Shaw

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 6:50 AM

Listing updated: 12/10/2024 at 5:40 PM

Listed by: Darrell Turner, Counts Real Estate Group Inc Phone #: (850) 231-1483

MLS: CentralPanhandle #762913

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