9902 S Thomas Dr #1231 · Panama City Beach, FL 32408

$275,000

3 bd · 2.0 ba · 1,262 sqft · Condo public records · 57 Days on market

Built 2007 $218/sqft · 26% below area Est $370k · 26% under

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Why this score? — see what drove the D 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
• Cash flow +5.9/30.0
• 1% rule +5.6/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• DSCR +0.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

Key facts

• Fitness center
• Private balcony
• Easy beach access

Tags

• PRIVATE BALCONY
• EASY BEACH ACCESS
• RESORT STYLE AMENITIES
• MULTIPLE POOLS
• FITNESS CENTER
• RESTAURANTS

Property features AI

Finance

• HOA & community: Homeowners association with gated access, barbecue area, and spa/hot tub; Community features include clubhouse, elevator, fitness center, park, pool, shopping, beach access, and allowance for short-term rentals

Exterior

• Parking: Gated parking; 2-car garage
• Security: Fire sprinkler system; Fire alarm; Smoke detectors; Security gate; 24-hour security; Security service
• Utilities: Cable connected; Electricity available; Public sewer
• Home design: Condo / apartment style building; Resort zoning; Has a view
• Construction: Dumpster on site
• Exterior features: Balcony; Community gunite in-ground pool; Lakefront / lake view; City street frontage (public maintained road)

Interior

• Kitchen: Electric oven
• Bedrooms: Multiple bedrooms including a primary bedroom (all on first level)
• Flooring: Luxury vinyl plank
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning; Ceiling fans
• Interior features: Luxury vinyl plank flooring; Barn doors on one room; Direct access to balcony from a room
• Laundry & utility: Stacked washer/dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $275k.

Deal economics

• At list price, monthly cash flow is $-601 ($-7k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $275k).
• Recommended offer: $267k (3.0% below list) — sets the bar for market timing.
• Cap rate 4.0% vs local median 2.6% in Panama City Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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; 27 comparable units currently listed for rent nearby; rentals leasing fast (median 13d 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).
• This rent runs 43% of the median local income ($81k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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 57 days — a 3% lower offer ($267k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 7y ago; this cycle's ask has dropped $15k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 32% of rent.
• Climate carrying-cost: major flood risk; 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 $266,750 (3.0% 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 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
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: 1.06% ✓
• Cap rate: 3.96%
• Cash-on-cash: -8.33%
• DSCR: 0.63
• GRM: 7.9

CMA / ARV

• ARV (median comp): $370,140
• List price: $275,000
• Delta: -25.70%
• 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: -33.4%
• Equity multiple: -0.08×
• Total profit: $-83,496
• Equity at exit: $41,003

10-year hold

• IRR: -43.5%
• Equity multiple: -0.62×
• Total profit: $-124,661
• Equity at exit: $23,777

Cash invested: $77,000 (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: 7.9×

Monthly cashflow live

• Estimated rent: $2,904 high
• Mortgage (P&I): −$1,442
• Tax est. 1.5%: −$344 /mo · $4,125/yr
• Insurance: −$115
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA est. from 3 same-building comps: −$928
• Vacancy / Maint / Mgmt: −$610
• Net cashflow: $-601

Break-even live

Break-even rent $3,664

Max offer price $188,029

Occupancy floor —

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9902 S Thomas Dr Unit 1354966P Panama City Beach, FL	2.0	2.0	1259	$1,970	$1.56	13d	1	0.02mi
9815 S Thomas Dr Unit 1523339P Panama City, FL	3.0	2.0	1259	$4,018	$3.19	21d	1	0.10mi
104 Gulfside Ct Unit 1523320P Panama City Beach, FL	3.0	3.0	1496	$5,020	$3.36	13d	1	0.15mi
998 Gulfside Ct Unit 1523366P Panama City Beach, FL	2.0	2.0	1065	$4,124	$3.87	13d	1	0.15mi
10625 Front Beach Rd Unit 1354975P Panama City Beach, FL	2.0	2.0	1140	$3,166	$2.78	13d	1	0.48mi
204 Potters Bluff Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1035	$1,947	$1.88	13d	12	0.56mi
10811 Front Beach Rd Unit 1354928P Panama City Beach, FL	3.0	2.0	1194	$3,463	$2.90	13d	1	0.64mi
135 Grande Island Blvd Unit 1355007P Panama City Beach, FL	3.0	3.5	1797	$2,759	$1.54	21d	1	0.67mi
133 W Leslie Ln Unit 1 Panama City Beach, FL	2.0	1.5	950	$2,200	$2.32	21d	1	0.77mi
136 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,750	$1.80	13d	1	0.91mi
138 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,599	$1.65	13d	1	0.91mi
2858 Joan Ave Unit 1523343P Panama City, FL	4.0	3.0	1754	$5,270	$3.00	13d	1	0.97mi
8715 Surf Dr Unit 1523323P Panama City Beach, FL	2.0	2.0	1194	$5,377	$4.50	13d	1	1.01mi
2521 Allison Ave Panama City, FL	2.0	2.0	980	$1,450	$1.48	21d	1	1.03mi
98 Paddock Club Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1093	$2,063	$1.89	13d	19	1.09mi
2917 Allison Ave Panama City Beach, FL	3.0	2.0	1592	$1,700	$1.07	21d	1	1.10mi
2301 Anne Ave Unit 8901 Laird Panama City, FL	2.0	2.0	900	$1,625	$1.81	13d	1	1.13mi
2216 Anne Ave Panama City, FL	2.0	2.0	951	$1,300	$1.37	13d	1	1.16mi
520 N Richard Jackson Blvd #1912 Panama City Beach, FL	2.0	2.0	1200	$2,375	$1.98	13d	1	1.21mi
11222 Hutchison Blvd Unit 1523347P Panama City Beach, FL	2.0	2.0	1194	$3,907	$3.27	21d	1	1.27mi
2526 Laurie Ave Panama City, FL	2.0	2.0	950	$1,750	$1.84	13d	1	1.28mi
104 White Cap Way Panama City Beach, FL	3.0	2.0	1146	$2,700	$2.36	21d	1	1.30mi
10400 Panama City Beach Pkwy Panama City Beach, FL	1.0–3.0	1.0–2.0	1151	$2,372	$2.06	13d	20	1.33mi
175 White Cap Way Unit 1 Panama City Beach, FL	3.0	2.5	1432	$1,750	$1.22	13d	1	1.35mi
1609 Vecuna Cir Panama City Beach, FL	3.0	2.0	1268	$2,100	$1.66	13d	1	1.38mi
8700 Front Beach Rd Panama City Beach, FL	2.0–3.0	2.5	1543	$2,400	$1.56	13d	2	1.41mi
8604 Whelch Dr Panama City, FL	1.0–3.0	1.0–3.0	1087	$2,950	$2.71	13d	18	1.42mi

HOA detail condo

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

Listing history 42 events

1. 2026-06-19
   days on market $275,000 Active 57 DOM
2. 2026-06-18
   days on market $275,000 Active 56 DOM
3. 2026-06-17
   days on market $275,000 Active 55 DOM
4. 2026-06-16
   days on market $275,000 Active 54 DOM
5. 2026-06-15
   days on market $275,000 Active 53 DOM
6. 2026-06-14
   days on market $275,000 Active 51 DOM
7. 2026-06-13
   days on market $275,000 Active 50 DOM
8. 2026-06-10
   days on market $275,000 Active 48 DOM
9. 2026-06-09
   days on market $275,000 Active 47 DOM
10. 2026-06-08
    days on market $275,000 Active 46 DOM
11. 2026-06-07
    days on market $275,000 Active 45 DOM
12. 2026-06-05
    days on market $275,000 Active 42 DOM
13. 2026-06-03
    days on market $275,000 Active 41 DOM
14. 2026-06-02
    days on market $275,000 Active 40 DOM
15. 2026-06-01
    days on market $275,000 Active 39 DOM
16. 2026-05-31
    days on market $275,000 Active 38 DOM
17. 2026-05-30
    pricedays on market $275,000 Active 37 DOM
18. 2026-04-23
    listed $290,000 Active 581-char remark
19. 2026-03-23
    historical
20. 2026-01-16
    price $299,000
21. 2025-11-17
    price $310,000
22. 2025-10-27
    price $320,000
23. 2025-09-29
    listed $330,000 Active
24. 2025-04-02
    soldstatus $315,000 Closed

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

25. 2025-02-23
    status Pending

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

26. 2025-02-08
    price $329,000

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

27. 2025-01-02
    status Active

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

28. 2024-12-31
    historical

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

29. 2024-12-04
    price $334,500

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

30. 2024-11-16
    price $340,000

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

31. 2024-10-12
    price $348,500

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

32. 2024-07-27
    price $377,500

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

33. 2024-07-03
    price $379,000

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

34. 2024-05-18
    listed $389,900 Active

    Show marketing remark (1498 chars)

    Imagine waking up in paradise every day! This is a 3 bedroom (2-full plus an enclosed bunk room), 2 full bath condo which directly overlooks the 10th floor pool plus has your amazing Gulf of Mexico views too! (across the street) and then your direct Lake & Boardwalk views from your private covered balcony. This owners suite has been a non-rental unit. (but could easily be converted to earn rental income of $40-$48,000 yr. ) The owners have spared no expense on upgrades to flooring, lighting, electric shades, stainless appliances and enclosing the bunk room with a stylish double sliding barn door system for privacy. This unit comes fully furnished with premium leather living room furniture and beautiful bar-stools, king size split bedrooms and a fabulous fully equipped gourmet kitchen. There is a huge island to gather around and the extra long 29' x 8' balcony can be accessed from the living room or your master bedroom retreat! Living and playing at Laketown Wharf is a lot of fun too! Enjoy games at the putting green, daily pickleball action, enjoy 5 different pools, a 2-story gym, many restaurants, bars and retail shopping venues. This February 2025 a new entertainment venue opens in the Laketown Wharf Convention Center called the 810 and it will have bowling, video games, food and big screens to watch those sporting games on! Just a destination for family entertainment in itself. So schedule your appointment to see this amazing condo and know that its priced to sell!

35. 2020-01-17
    soldstatus $215,000
36. 2020-01-15
    soldstatus $215,000
37. 2020-01-15
    soldstatus $215,000
38. 2020-01-15
    soldstatus $215,000
39. 2019-11-01
    listed $215,000
40. 2019-11-01
    listed $215,000
41. 2019-10-01
    listed $215,000
42. 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.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 3/10 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: $34,844
• − Mortgage interest: −$15,404
• − Property taxes: −$4,125
• − Insurance: −$2,172
• − Repairs & maintenance: −$2,788
• − Management: −$2,788
• − HOA: −$11,136
• − Depreciation: −$8,000
• Taxable loss: −$11,569
• Est. tax savings @ 24.0%: +$2,777
• After-tax cash flow: $-4,436/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

26 events — show timeline

• 2026-05-29 Price Changed $275,000 CPARMLS
• 2026-04-23 Listed $290,000 CPARMLS
• 2026-03-23 Listing Removed — CPARMLS
• 2026-01-16 Price Changed $299,000 CPARMLS
• 2025-11-17 Price Changed $310,000 CPARMLS
• 2025-10-27 Price Changed $320,000 CPARMLS
• 2025-09-29 Listed $330,000 CPARMLS
• 2025-04-02 Sold (MLS) $315,000 CPARMLS
• 2025-02-23 Pending — CPARMLS
• 2025-02-08 Price Changed $329,000 CPARMLS
• 2025-01-02 Relisted — CPARMLS
• 2024-12-31 Listing Removed — CPARMLS
• 2024-12-04 Price Changed $334,500 CPARMLS
• 2024-11-16 Price Changed $340,000 CPARMLS
• 2024-10-12 Price Changed $348,500 CPARMLS
• 2024-07-27 Price Changed $377,500 CPARMLS
• 2024-07-03 Price Changed $379,000 CPARMLS
• 2024-05-18 Listed $389,900 CPARMLS
• 2020-01-17 Sold (Public Records) $215,000 Public Records
• 2020-01-15 Sold (MLS) $215,000 NAMLS
• 2020-01-15 Sold (MLS) $215,000 ECAR
• 2020-01-15 Sold (MLS) $215,000 CPARMLS
• 2019-11-01 Listed $215,000 NAMLS
• 2019-11-01 Listed $215,000 ECAR
• 2019-10-01 Listed $215,000 CPARMLS
• 2015-02-06 Sold (Public Records) $57,690,000 Public Records

Property tax history

-9.4%/yr

Latest (2025): $439 · +1.3% YoY. Source: county tax records.