9860 S Thomas Dr. Dr #614 · Panama City Beach, FL 32408

$265,000

1 bd · 2.0 ba · 1,047 sqft · Condo public records · 327 Days on market

Built 2008 $253/sqft · 19% below area Est $328k · 19% under

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• Cash flow +0.6/30.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

Key facts

• Splash bar
• Beach access
• 5 pools

Tags

• BEACH ACCESS
• 5 POOLS
• KIDS FUNSCAPE PLAYGROUND
• SPLASH BAR
• GULF VIEW FITNESS CENTER
• COVERED GARAGE PARKING

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath condo listed at $265k.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• To cash-flow at today's rent, offer at most $209k (21.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $185k (30.0% below list).
• Recommended offer: $185k (30.0% below list) — sets the bar for 1% rule.
• Cap rate 1.1% vs local median 2.6% in Panama City Beach — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 78/100 on livability (#172 in FL, #2,624 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D-, commute F.
• Bay (suburban): math 51% / reading 51% proficiency, ranked #29 of 73 in FL (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.5%/yr); 1022 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Bay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 327 days — a 12% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 6y ago; this cycle's ask has dropped $60k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $200k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 45% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $185,470 (30.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 327 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
12. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
13. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
14. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.70% ✗
• Cap rate: 1.10%
• Cash-on-cash: -18.54%
• DSCR: 0.18
• GRM: 11.9

CMA / ARV

• ARV (median comp): $327,532
• List price: $265,000
• Delta: -16.04%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.55% rent growth · sell at horizon

5-year hold

• IRR: -54.2%
• Equity multiple: -0.57×
• Total profit: $-116,269
• Equity at exit: $39,512

10-year hold

• IRR: —
• Equity multiple: -1.65×
• Total profit: $-196,581
• Equity at exit: $22,912

Cash invested: $74,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32408

• Rents YoY: 2.5%
• Active inventory: 1022
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $1,855 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$281 /mo · $3,375/yr
• Insurance: −$110
• HOA est. from 2 same-building comps: −$830
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $-1,146

Break-even live

Break-even rent $3,306

Max offer price $67,501

Occupancy floor —

Sensitivity live

Price	-10% $-996	-5% $-1,071	+0% $-1,146	+5% $-1,221	+10% $-1,296
Rent	-10% $-1,293	-5% $-1,219	+0% $-1,146	+5% $-1,073	+10% $-1,000
Rate	-1.0pp $-1,013	-0.5pp $-1,079	base $-1,146	+0.5pp $-1,215	+1.0pp $-1,285

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9850 S Thomas Dr Unit 1 Panama City Beach, FL	1.0	1.0	700	$2,750	$3.93	21d	1	0.05mi
9902 S Thomas Dr Unit 1354966P Panama City Beach, FL	2.0	2.0	1259	$1,970	$1.56	13d	1	0.10mi
998 Gulfside Ct Unit 1523366P Panama City Beach, FL	2.0	2.0	1065	$4,124	$3.87	13d	1	0.23mi
10625 Front Beach Rd Unit 1354975P Panama City Beach, FL	2.0	2.0	1140	$3,166	$2.78	13d	1	0.56mi
204 Potters Bluff Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1035	$1,355	$1.31	13d	12	0.62mi
133 W Leslie Ln Unit 1 Panama City Beach, FL	2.0	1.5	950	$2,200	$2.32	21d	1	0.86mi
8715 Surf Dr Unit 1523323P Panama City Beach, FL	2.0	2.0	1194	$5,377	$4.50	13d	1	0.92mi
8730 Thomas Dr Unit 1355041P Panama City Beach, FL	1.0	1.0	839	$1,373	$1.64	21d	1	0.94mi
2521 Allison Ave Panama City, FL	2.0	2.0	980	$1,450	$1.48	21d	1	0.97mi
136 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,750	$1.80	13d	1	1.00mi
138 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,599	$1.65	13d	1	1.00mi
2301 Anne Ave Unit 8901 Laird Panama City, FL	2.0	2.0	900	$1,625	$1.81	13d	1	1.08mi
2216 Anne Ave Panama City, FL	2.0	2.0	951	$1,300	$1.37	13d	1	1.12mi
98 Paddock Club Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1093	$1,439	$1.32	13d	19	1.18mi
2526 Laurie Ave Panama City, FL	2.0	2.0	950	$1,750	$1.84	13d	1	1.23mi
520 N Richard Jackson Blvd #1912 Panama City Beach, FL	2.0	2.0	1200	$2,375	$1.98	13d	1	1.30mi
11222 Hutchison Blvd Unit 1523347P Panama City Beach, FL	2.0	2.0	1194	$3,907	$3.27	21d	1	1.36mi
8604 Whelch Dr Panama City, FL	1.0–3.0	1.0–3.0	1087	$1,550	$1.43	13d	18	1.39mi
8700 Front Beach Rd Panama City Beach, FL	2.0–3.0	2.5	1543	$2,200	$1.43	13d	2	1.39mi
10400 Panama City Beach Pkwy Panama City Beach, FL	1.0–3.0	1.0–2.0	1151	$1,408	$1.22	13d	20	1.40mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 36 events

1. 2026-06-19
   days on market $265,000 Active 327 DOM
2. 2026-06-18
   days on market $265,000 Active 326 DOM
3. 2026-06-17
   days on market $265,000 Active 325 DOM
4. 2026-06-16
   pricedays on market $265,000 Active 324 DOM
5. 2026-06-15
   days on market $275,000 Active 323 DOM
6. 2026-06-14
   days on market $275,000 Active 321 DOM
7. 2026-06-13
   days on market $275,000 Active 320 DOM
8. 2026-06-10
   days on market $275,000 Active 318 DOM
9. 2026-06-09
   days on market $275,000 Active 317 DOM
10. 2026-06-08
    days on market $275,000 Active 316 DOM
11. 2026-06-07
    days on market $275,000 Active 315 DOM
12. 2026-06-05
    days on market $275,000 Active 312 DOM
13. 2026-06-03
    days on market $275,000 Active 311 DOM
14. 2026-06-02
    days on market $275,000 Active 310 DOM
15. 2026-06-01
    days on market $275,000 Active 309 DOM
16. 2026-05-31
    days on market $275,000 Active 308 DOM
17. 2026-05-30
    days on market $275,000 Active 307 DOM
18. 2026-04-06
    price $275,000 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

19. 2026-03-19
    price $280,000 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

20. 2026-03-04
    price $285,000 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

21. 2026-02-20
    status Active 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

22. 2026-02-20
    price $290,000 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

23. 2026-02-11
    price $295,000 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

24. 2026-02-01
    status Active 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

25. 2026-01-31
    historical 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

26. 2025-11-19
    price $305,000 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

27. 2025-08-16
    price $310,000 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

28. 2025-07-28
    price $315,000 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

29. 2025-07-17
    listed $325,000 Active 828-char remark

    Show marketing remark (828 chars)

    Looking For a Condo at the Beach? Same floor as Parking deck Pool, easy walk over the catwalk to the pool and Parking. This Spacious Residence Offers 1BR 2BA + Bunk Room & Can Easily Accommodate 6 People. Being Sold Rental Ready. Laketown Wharf Resort Is in the Heart of All the Fun & Excitement in Panama City Beach Just Steps Away from The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers all the Amenities with Convenient Beach Access, 5 Pools, A Kids FunScape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers a Variety of Views Including the Gulf of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along the Lakefront Boardwalk.

30. 2021-01-08
    soldstatus $199,900 966-char remark

    Show marketing remark (966 chars)

    Laketown Wharf Resort Is In The Heart Of All The Fun & Excitement In Panama City Beach Just Steps Away From The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers Unparalleled Amenities With Convenient Beach Access, 5 Unique Pools, A Kids Funscape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers A Variety Of Views Including The Gulf Of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along The 52,000 Square Feet Of Lakefront Boardwalk. This Residence Has 1 Bedroom, 2 Baths, Bunk Room & Can Easily Accommodate Over 6 People. Features Include: New Furniture, Flooring & Paint, Exceptionally Large Open Floor Plan, Expansive Balcony, Granite Countertops, Fully Applianced Kitchen With Breakfast Bar. Multiple Views, Floor Plans & Floor Heights Also Available!

31. 2021-01-08
    soldstatus $199,900

    Show marketing remark (966 chars)

    Laketown Wharf Resort Is In The Heart Of All The Fun & Excitement In Panama City Beach Just Steps Away From The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers Unparalleled Amenities With Convenient Beach Access, 5 Unique Pools, A Kids Funscape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers A Variety Of Views Including The Gulf Of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along The 52,000 Square Feet Of Lakefront Boardwalk. This Residence Has 1 Bedroom, 2 Baths, Bunk Room & Can Easily Accommodate Over 6 People. Features Include: New Furniture, Flooring & Paint, Exceptionally Large Open Floor Plan, Expansive Balcony, Granite Countertops, Fully Applianced Kitchen With Breakfast Bar. Multiple Views, Floor Plans & Floor Heights Also Available!

32. 2021-01-08
    soldstatus $199,900

    Show marketing remark (966 chars)

    Laketown Wharf Resort Is In The Heart Of All The Fun & Excitement In Panama City Beach Just Steps Away From The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers Unparalleled Amenities With Convenient Beach Access, 5 Unique Pools, A Kids Funscape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers A Variety Of Views Including The Gulf Of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along The 52,000 Square Feet Of Lakefront Boardwalk. This Residence Has 1 Bedroom, 2 Baths, Bunk Room & Can Easily Accommodate Over 6 People. Features Include: New Furniture, Flooring & Paint, Exceptionally Large Open Floor Plan, Expansive Balcony, Granite Countertops, Fully Applianced Kitchen With Breakfast Bar. Multiple Views, Floor Plans & Floor Heights Also Available!

33. 2020-12-28
    listed $199,900 966-char remark

    Show marketing remark (966 chars)

    Laketown Wharf Resort Is In The Heart Of All The Fun & Excitement In Panama City Beach Just Steps Away From The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers Unparalleled Amenities With Convenient Beach Access, 5 Unique Pools, A Kids Funscape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers A Variety Of Views Including The Gulf Of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along The 52,000 Square Feet Of Lakefront Boardwalk. This Residence Has 1 Bedroom, 2 Baths, Bunk Room & Can Easily Accommodate Over 6 People. Features Include: New Furniture, Flooring & Paint, Exceptionally Large Open Floor Plan, Expansive Balcony, Granite Countertops, Fully Applianced Kitchen With Breakfast Bar. Multiple Views, Floor Plans & Floor Heights Also Available!

34. 2020-12-28
    listed $199,900

    Show marketing remark (966 chars)

    Laketown Wharf Resort Is In The Heart Of All The Fun & Excitement In Panama City Beach Just Steps Away From The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers Unparalleled Amenities With Convenient Beach Access, 5 Unique Pools, A Kids Funscape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers A Variety Of Views Including The Gulf Of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along The 52,000 Square Feet Of Lakefront Boardwalk. This Residence Has 1 Bedroom, 2 Baths, Bunk Room & Can Easily Accommodate Over 6 People. Features Include: New Furniture, Flooring & Paint, Exceptionally Large Open Floor Plan, Expansive Balcony, Granite Countertops, Fully Applianced Kitchen With Breakfast Bar. Multiple Views, Floor Plans & Floor Heights Also Available!

35. 2020-12-28
    listed $199,900

    Show marketing remark (966 chars)

    Laketown Wharf Resort Is In The Heart Of All The Fun & Excitement In Panama City Beach Just Steps Away From The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers Unparalleled Amenities With Convenient Beach Access, 5 Unique Pools, A Kids Funscape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers A Variety Of Views Including The Gulf Of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along The 52,000 Square Feet Of Lakefront Boardwalk. This Residence Has 1 Bedroom, 2 Baths, Bunk Room & Can Easily Accommodate Over 6 People. Features Include: New Furniture, Flooring & Paint, Exceptionally Large Open Floor Plan, Expansive Balcony, Granite Countertops, Fully Applianced Kitchen With Breakfast Bar. Multiple Views, Floor Plans & Floor Heights Also Available!

36. 2015-02-06
    soldstatus $57,690,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,375 · $281/mo
• Projected year-2 tax: $3,375 · $281/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,256
• − Mortgage interest: −$14,844
• − Property taxes: −$3,375
• − Insurance: −$1,325
• − Repairs & maintenance: −$1,781
• − Management: −$1,781
• − HOA: −$9,960
• − Depreciation: −$7,709
• Taxable loss: −$18,518
• Est. tax savings @ 24.0%: +$4,444
• After-tax cash flow: $-9,309/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bay
• NCES district ID: 1200090
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 51% ▼ -7.00%
• Median HH income: $47,740
• Composite: 43.41/100
• National rank: #3014
• State rank: #29 of 73 in FL

Livability — Panama City Beach

• Score: 78/100
• State rank: #172
• US rank: #2624

Category grades

Amenities D- Commute F Cost of living B- Crime A+ Employment A- Housing A+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Panama City Beach, FL
• County: Bay County · 163,593 people
• City population: 50,689
• Metro: Panama City, FL
• Population (ZIP): 18,832
• Household income: $80,822
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 817.0

Population outlook (Bay County) Hauer SSP2

• Today (2025): 206,264 people
• By 2030: 217,740 · +5.6%
• By 2040: 238,738 · +15.7%
• By 2050: 255,545 · +23.9%
• By 2075: 288,295 · +39.8%
• By 2100: 288,638 · +39.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 7% Two or more races 6% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Romanian 4% Lithuanian 4% Italian 2%
• Foreign-born: 11% · Canada, South Korea
• Languages at home: 88% English-only · Spanish 5% Russian/Polish/Slavic 4% Tagalog/Filipino 1%

Political lean MEDSL · Bay

• 2024 margin: Solid R (+47.4) · D 25.8% · R 73.1% · Other 1.1%
• 2008→2024 swing: -6.6pp toward R · 2008: -40.7pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+43.5 2016: R+46.3 2012: R+43.6 2008: R+40.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -202.52%
• Current HPI: 246.9126
• Rent YoY: ▲ 2.55%
• Metro: Panama City, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-99.5% since first listed

19 events — show timeline

• 2026-04-06 Price Changed $275,000 CPARMLS
• 2026-03-19 Price Changed $280,000 CPARMLS
• 2026-03-04 Price Changed $285,000 CPARMLS
• 2026-02-20 Relisted — CPARMLS
• 2026-02-20 Price Changed $290,000 CPARMLS
• 2026-02-11 Price Changed $295,000 CPARMLS
• 2026-02-01 Relisted — CPARMLS
• 2026-01-31 Listing Removed — CPARMLS
• 2025-11-19 Price Changed $305,000 CPARMLS
• 2025-08-16 Price Changed $310,000 CPARMLS
• 2025-07-28 Price Changed $315,000 CPARMLS
• 2025-07-17 Listed $325,000 CPARMLS
• 2021-01-08 Sold (MLS) $199,900 NAMLS
• 2021-01-08 Sold (MLS) $199,900 ECAR
• 2021-01-08 Sold (MLS) $199,900 CPARMLS
• 2020-12-28 Listed $199,900 NAMLS
• 2020-12-28 Listed $199,900 ECAR
• 2020-12-28 Listed $199,900 CPARMLS
• 2015-02-06 Sold (Public Records) $57,690,000 Public Records

Property tax history

+11.5%/yr

Latest (2025): $3,375 · -6.8% YoY. Source: county tax records.