$369,000
Panama City Beach, FL 32408
MLS# 777822
1 beds | 2 baths | 907 sqft
1 / 39
Property Description
Turnkey Investment Opportunity | Shores of Panama - 1 Bedroom, 2 Bath Condo with Proven Rental History: 2023 / $43,525 2024 / $41,853 2025/$32,048 thru July. This updated and renovated 1-bedroom, 2-bath condo at Shores of Panama is a proven income producer with 3 consecutive years of strong rental history. Fully furnished and rental-ready, this property is the ideal turnkey investment for those looking to capitalize on Panama City Beach's thriving vacation rental market. The efficient floor plan comfortably accommodates guests with a private bedroom, hallway bunks, sleeper sofa, and two full bathrooms - a rare feature that enhances guest satisfaction and boosts rental demand. Recent updates, modern finishes, and tasteful décor ensure excellent guest reviews and repeat bookings. Shores of Panama remains one of the highest-demand resorts on the Gulf Coast, offering unmatched amenities including a lagoon-style beachfront pool, hot tubs, indoor pool, fitness center, on-site dining, tiki bars, and direct beach access - all major draws for vacationers. With a proven track record of income production, prime location, and resort-style amenities, this condo is a smart addition to any investment portfolio. With an acceptable offer, Seller will pay the remaining $18,000 of the special assessment currently $1200 monthly until the end of 2026.
Details
Maps
Contract Info
Status: Active
List Date: 2025-08-19
List Price: $369,000
List Price/SqFt: 406.84
Current Price: $369,000
Location
Area: 03 - Bay County - Beach
Street #: 9900
Street Direction: S
Street Name: Thomas
Street Suffix: Drive
Unit #: 1916
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0318 - Beach - Central South
Subdivision: Shores Of Panama
Community/Resort: None
Waterfront: Yes
Gulf Access: Yes
Parcel ID: 40000-650-337
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: At the intersection of Thomas Dr and Front Beach Rd.
Legal Description: SHORES OF PANAMA PHASE I UNIT 1916 TYPE C(R) ORB 3340 P 1590 19TH FLOOR 1BD/2BR ORB 4400 P 762 907 SQ FT ORB 4400 P 763 PARKING SP# 1053
General Property Info
Sub-Type: Condominium
Floor Number: 19
Design: High-Rise (8+ floors)
Apx SqFt(Htd/Cooled): 907
SqFt Source: Prop App Site
Bedrooms: 1
Full Baths: 2
Total Baths: 2
Year Built: 2007
Construction Status: Construction Complete
New Construction: No
Garage Y/N: Yes
Garage Spaces: 1
Lot Dimensions: 0x0
Pool: Yes
Pool Type: Community
Property Features
Appliances: Dishwasher; Microwave; Oven - Electric; Refrigerator; Water Heater - Electric
Full Bathroom: First
Bedroom: First
Cooling: Ceiling Fan(s); Central Air
Heating: Central
Exterior: Balcony; Storm Doors; Storm Windows
Association Fees Include: Beach; TV Cable; Community Room; Exercise Room; Internet-WiFi; Ground Keeping; Pavilion/Gazebo; Pest Control; Pool; Sauna/Steam Room; Security; Sewer; Whirlpool; Trash Disposal; Water
Financing: Cash; Conventional
Furnished: Furnished
Bunk Hall: First
Pool Features: Inground; Spa/ Hot Tub
Security Features: Building Security; Smoke Detector(s)
Parking Features: Community Structure; Garage Attached
Association Amenities: Beach; Community Room; Elevators; Exercise Room; Pavilion/Gazebo; Picnic Area; Pool; Sauna/Steam Room; Security-24 hour; Sidewalks; Whirlpool
Rooms: Bedroom; Bunk Hall; Full Bathroom
Sale Type: As Is
Utilities: TV Cable; Electricity - Connected; Public Sewer - Connected; Public Water - Connected
Waterfront Type: Gulf
Waterfront Feature: Shore - Beach
Waterview: Gulf
Present Zoning: Resort
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Bunk Hall | First | 8 x 5 | 8.00 | 5.00 | 8 x 5 |
| Full Bathroom | First | 10 x 10 | 10.00 | 10.00 | 10 x 10 |
| Bedroom | First | 12 x 12 | 12.00 | 12.00 | 12 x 12 |
Listing Office: Beach Haven Realty
Last Updated: September - 11 - 2025
Information deemed reliable but not guaranteed.