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$440,000

Beds
2
Baths
2.0
sq ft
907

9900 S Thomas Dr Unit 2011, Panama City, FL 32408

9900 S Thomas Dr Unit 2011

Panama City, FL 32408

  • 232 days on market
    • Price drop $15,000↓
Step into your dream beachfront investment property at the Shores of Panama! This stunning one bedroom with a separate bunk room and two full bath condo boasts breathtaking views of the Gulf of Mexico. With over $40,000 in rentals already on the books for 2023, this condo is the perfect investment opportunity for those looking to maximize their returns. As you step inside, you will immediately notice the sleek and modern stainless steel appliances in the fully equipped kitchen. The living area is furnished with brand new furniture and coastal decor, providing a serene atmosphere to unwind after a long day at the beach. The condo has been freshly painted, creating a bright and airy ambiance throughout. The master bedroom features a comfortable king-sized bed, while the bunk room is perfect for children or guests with a large bunk beds featuring a queen on the bottom and twin on top. Enjoy your morning coffee or an evening cocktail on the private balcony, where you can soak up the stunning views of the Gulf of Mexico. Not to mention that this unit has a deeded parking space that conveys with purchase. As a guest of the Shores of Panama, you will have access to a range of amenities including a lagoon-style pool, a hot tub, a fitness center, and a spa. The property also features on-site dining options, so you can indulge in a delicious meal without having to leave the resort. Don't miss out on this amazing investment opportunity to own a luxurious beachfront condo at the Shores of Panama.

Details

Property type

Condominium

Est. home value

$443,557

Lot size

Unknown

Price per sq ft

$486

Year built

2007

Annual property taxes

$4,579

Monthly HOA fee

$952.64

Price History

10/05/2024
CentralPanhandle

CentralPanhandle #756629

Price change
$440,000
-3.3%
04/22/2024
CentralPanhandle

CentralPanhandle #756629

Listed
$455,000
+12.35%
07/13/2022
EmeraldCoast

EmeraldCoast #912807

Sold
$405,000
+43.11%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, 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

The Citizens Bank

Loan start date

August 2019

Original loan amount

$195,500

Est. remaining balance

Not provided

Interest rate

3.84%

Loan type

Commercial, 15 year

Seller

Jeff Weaver and Danyell Weaver

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?

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Status: Active

Tomo last checked: 12/22/2024 at 9:40 AM

Listing updated: 10/10/2024 at 2:26 PM

Listed by: Beau Blankenship, Engel & Volkers 30A Beaches Phone #: (850) 213-2800

MLS: CentralPanhandle #756629

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