9902 S Thomas Dr #1332 · Panama City Beach, FL 32408

$279,999

3 bd · 2.0 ba · 1,262 sqft · Condo public records · 68 Days on market

Built 2007 $222/sqft · 8% below area Est $305k · 8% 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 +11.2/15.0
• Cash flow +6.1/30.0
• 1% rule +5.4/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• DSCR +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Laketown Wharf 1332! OWNER FINANCING AVAILABLE!! Breathtaking modern elegance, and unparalleled amenities come together in this stunning top-floor condo. Featuring two spacious bedrooms, two full bathrooms, and a bunk room, this penthouse retreat offers elevated beachfront living in the heart of Panama City Beach. LUXURIOUS INTERIOR & THOUGHTFUL DESIGN Step into a beautifully designed open-concept living space, where floor-to-ceiling windows frame the most spectacular in the entire resort. From your private balcony, experience unmatched panoramic views of the sugar-white sand beaches and emerald waters of the Gulf of Mexico. The gourmet kitchen boasts stainless steel appliances, granite countertops, ample cabinetry, and a breakfast bar, making it perfect for both entertaining and everyday living. The living and dining areas flow seamlessly, offering a bright and inviting atmosphere. The primary suite is a true oasis, featuring a king-size bedroom with direct Gulf views, a spa-like ensuite bathroom with a soaking tub and walk-in shower, and a large walk-in closet. The second bedroom is equally spacious, providing guests or family members with a relaxing retreat. The bunk room offers additional sleeping space, making this condo perfect for families or vacation rentals. A second full bathroom ensures comfort and convenience for all with barn door for privacy. PREMIER RESORT-STYLE AMENITIES AT LAKETOWN WHARF Laketown Wharf is Panama City Beach's premier resort, offering an extensive array of luxury amenities to enhance your coastal lifestyle: ✔️ Five Spectacular Pools - Choose from a lagoon-style pool, a rooftop pool with stunning views, a zero-entry children's pool, a seasonally heated pool, or an exclusive adults-only pool for ultimate relaxation. ✔️ Two Hot Tubs - Perfect for unwinding after a day at the beach. ✔️ Private Beach Access - Just steps away, enjoy deeded access to the Gulf of Mexico's pristine shoreline. ✔️ State-of-the-Art Fitness Center - Featuring cardio equipment, free weights, and strength-training machines, all overlooking the resort's lake. ✔️ Scenic Boardwalk & Nightly Light Show - Stroll along the 52,000-square-foot boardwalk surrounding the resort's private lake, and enjoy the spectacular dancing fountain & light show every evening. ✔️ 810 Billiards & Bowling - A premier bowling and entertainment venue offering billiards, arcade games, a full-service bar, and gourmet food--all within the resort! ✔️ On-Site Dining & Shopping - Enjoy a variety of restaurants, cafes, and market shops, including: • The Wharf Seafood Buffet - Fresh seafood and Southern classics. • Juan Taco - Authentic, flavorful Mexican cuisine. • Lorrie Morgan's Spicy Hot Chicken Coop - Nashville-style hot chicken with a Southern twist. • The Candymaker - Handmade fudge, pralines, and nostalgic treats. • Sunshine Bar & Grill - A poolside tiki bar offering tropical drinks and casual bites. • Laketown Market - A convenient stop for essentials, snacks, and refreshments. ✔️ Covered Parking & 24/7 Security - Enjoy secure, gated access and round-the-clock security throughout the resort. AN UNMATCHED OPPORTUNITY - PERFECT FOR INVESTORS OR SECOND HOMEOWNERS! Whether you're looking for a luxurious beachfront escape or a high-performing short-term rental, this Laketown Wharf Penthouse is an exceptional investment. With its prime location, unparalleled views, and world-class amenities, it offers incredible rental potential and a lifestyle of pure luxury. Don't miss this rare opportunity to own the best view at Laketown Wharf! Contact me today for more details or to schedule a private showing.

Key facts

• Scenic boardwalk
• Private balcony
• Gourmet kitchen

Tags

• PRIVATE BALCONY
• PANORAMIC VIEWS
• GOURMET KITCHEN
• FIVE SPECTACULAR POOLS
• PRIVATE BEACH ACCESS
• SCENIC BOARDWALK

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $280k.

Deal economics

• At list price, monthly cash flow is $-588 ($-7k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $280k).
• Recommended offer: $263k (6.0% below list) — sets the bar for market timing.
• Cap rate 4.1% 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 at typical pace (median 14d on market — plan ~3-4 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 68 days — a 6% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $135k; list at $280k implies a 107% gain — meaningful room to come down on a strong offer.

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 $263,199 (6.0% 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 68 days. Have you received any prior offers? Is the seller open to a 6% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
11. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
12. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
13. 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.
14. 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.
15. 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: 1.04% ✓
• Cap rate: 4.06%
• Cash-on-cash: -7.98%
• DSCR: 0.65
• GRM: 8.0

CMA / ARV

• ARV (median comp): $305,214
• List price: $279,999
• Delta: -8.26%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -32.7%
• Equity multiple: -0.06×
• Total profit: $-83,483
• Equity at exit: $41,749

10-year hold

• IRR: -41.2%
• Equity multiple: -0.58×
• Total profit: $-123,671
• Equity at exit: $24,209

Cash invested: $78,400 (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: 8.0×

Monthly cashflow live

• Estimated rent: $2,904 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$302 /mo · $3,625/yr
• Insurance: −$117
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA est. from 3 same-building comps: −$928
• Vacancy / Maint / Mgmt: −$610
• Net cashflow: $-588

Break-even live

Break-even rent $3,648

Max offer price $176,188

Occupancy floor —

Sensitivity live

Price	-10% $-429	-5% $-508	+0% $-588	+5% $-667	+10% $-746
Rent	-10% $-817	-5% $-702	+0% $-588	+5% $-473	+10% $-358
Rate	-1.0pp $-447	-0.5pp $-516	base $-588	+0.5pp $-660	+1.0pp $-734

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: $70,000
• Closing costs: $8,400
• 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	14d	1	0.02mi
9815 S Thomas Dr Unit 1523339P Panama City, FL	3.0	2.0	1259	$4,018	$3.19	22d	1	0.10mi
104 Gulfside Ct Unit 1523320P Panama City Beach, FL	3.0	3.0	1496	$5,020	$3.36	14d	1	0.15mi
998 Gulfside Ct Unit 1523366P Panama City Beach, FL	2.0	2.0	1065	$4,124	$3.87	14d	1	0.15mi
10625 Front Beach Rd Unit 1354975P Panama City Beach, FL	2.0	2.0	1140	$3,166	$2.78	14d	1	0.48mi
204 Potters Bluff Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1035	$1,947	$1.88	14d	12	0.56mi
10811 Front Beach Rd Unit 1354928P Panama City Beach, FL	3.0	2.0	1194	$3,463	$2.90	14d	1	0.64mi
135 Grande Island Blvd Unit 1355007P Panama City Beach, FL	3.0	3.5	1797	$2,759	$1.54	22d	1	0.67mi
133 W Leslie Ln Unit 1 Panama City Beach, FL	2.0	1.5	950	$2,200	$2.32	22d	1	0.77mi
136 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,750	$1.80	14d	1	0.91mi
138 Bonnie Ln Panama City Beach, FL	2.0	1.5	972	$1,599	$1.65	14d	1	0.91mi
2858 Joan Ave Unit 1523343P Panama City, FL	4.0	3.0	1754	$5,270	$3.00	14d	1	0.97mi
8715 Surf Dr Unit 1523323P Panama City Beach, FL	2.0	2.0	1194	$5,377	$4.50	14d	1	1.01mi
2521 Allison Ave Panama City, FL	2.0	2.0	980	$1,450	$1.48	22d	1	1.03mi
98 Paddock Club Dr Panama City Beach, FL	1.0–3.0	1.0–2.0	1093	$2,063	$1.89	14d	19	1.09mi
2917 Allison Ave Panama City Beach, FL	3.0	2.0	1592	$1,700	$1.07	22d	1	1.10mi
2301 Anne Ave Unit 8901 Laird Panama City, FL	2.0	2.0	900	$1,625	$1.81	14d	1	1.13mi
2216 Anne Ave Panama City, FL	2.0	2.0	951	$1,300	$1.37	14d	1	1.16mi
520 N Richard Jackson Blvd #1912 Panama City Beach, FL	2.0	2.0	1200	$2,375	$1.98	14d	1	1.21mi
11222 Hutchison Blvd Unit 1523347P Panama City Beach, FL	2.0	2.0	1194	$3,907	$3.27	22d	1	1.27mi
2526 Laurie Ave Panama City, FL	2.0	2.0	950	$1,750	$1.84	14d	1	1.28mi
104 White Cap Way Panama City Beach, FL	3.0	2.0	1146	$2,700	$2.36	22d	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	14d	20	1.33mi
175 White Cap Way Unit 1 Panama City Beach, FL	3.0	2.5	1432	$1,750	$1.22	14d	1	1.35mi
1609 Vecuna Cir Panama City Beach, FL	3.0	2.0	1268	$2,100	$1.66	14d	1	1.38mi
8700 Front Beach Rd Panama City Beach, FL	2.0–3.0	2.5	1543	$2,400	$1.56	14d	2	1.41mi
8604 Whelch Dr Panama City, FL	1.0–3.0	1.0–3.0	1087	$2,950	$2.71	14d	18	1.42mi

HOA detail condo

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

Listing history 25 events

1. 2026-06-19
   days on market $279,999 Active 68 DOM
2. 2026-06-18
   days on market $279,999 Active 67 DOM
3. 2026-06-17
   days on market $279,999 Active 66 DOM
4. 2026-06-16
   days on market $279,999 Active 65 DOM
5. 2026-06-15
   days on market $279,999 Active 64 DOM
6. 2026-06-14
   days on market $279,999 Active 62 DOM
7. 2026-06-13
   days on market $279,999 Active 61 DOM
8. 2026-06-10
   days on market $279,999 Active 59 DOM
9. 2026-06-09
   days on market $279,999 Active 58 DOM
10. 2026-06-08
    days on market $279,999 Active 57 DOM
11. 2026-06-07
    days on market $279,999 Active 56 DOM
12. 2026-06-05
    days on market $279,999 Active 53 DOM
13. 2026-06-03
    days on market $279,999 Active 52 DOM
14. 2026-06-02
    days on market $279,999 Active 51 DOM
15. 2026-06-01
    days on market $279,999 Active 50 DOM
16. 2026-05-31
    days on market $279,999 Active 49 DOM
17. 2026-05-30
    days on market $279,999 Active 48 DOM
18. 2026-05-01
    status Active 3738-char remark

    Show marketing remark (3738 chars)

    Welcome to Laketown Wharf 1332! OWNER FINANCING AVAILABLE!! Breathtaking modern elegance, and unparalleled amenities come together in this stunning top-floor condo. Featuring two spacious bedrooms, two full bathrooms, and a bunk room, this penthouse retreat offers elevated beachfront living in the heart of Panama City Beach. LUXURIOUS INTERIOR & THOUGHTFUL DESIGN Step into a beautifully designed open-concept living space, where floor-to-ceiling windows frame the most spectacular in the entire resort. From your private balcony, experience unmatched panoramic views of the sugar-white sand beaches and emerald waters of the Gulf of Mexico. The gourmet kitchen boasts stainless steel appliances, granite countertops, ample cabinetry, and a breakfast bar, making it perfect for both entertaining and everyday living. The living and dining areas flow seamlessly, offering a bright and inviting atmosphere. The primary suite is a true oasis, featuring a king-size bedroom with direct Gulf views, a spa-like ensuite bathroom with a soaking tub and walk-in shower, and a large walk-in closet. The second bedroom is equally spacious, providing guests or family members with a relaxing retreat. The bunk room offers additional sleeping space, making this condo perfect for families or vacation rentals. A second full bathroom ensures comfort and convenience for all with barn door for privacy. PREMIER RESORT-STYLE AMENITIES AT LAKETOWN WHARF Laketown Wharf is Panama City Beach's premier resort, offering an extensive array of luxury amenities to enhance your coastal lifestyle: ✔️ Five Spectacular Pools - Choose from a lagoon-style pool, a rooftop pool with stunning views, a zero-entry children's pool, a seasonally heated pool, or an exclusive adults-only pool for ultimate relaxation. ✔️ Two Hot Tubs - Perfect for unwinding after a day at the beach. ✔️ Private Beach Access - Just steps away, enjoy deeded access to the Gulf of Mexico's pristine shoreline. ✔️ State-of-the-Art Fitness Center - Featuring cardio equipment, free weights, and strength-training machines, all overlooking the resort's lake. ✔️ Scenic Boardwalk & Nightly Light Show - Stroll along the 52,000-square-foot boardwalk surrounding the resort's private lake, and enjoy the spectacular dancing fountain & light show every evening. ✔️ 810 Billiards & Bowling - A premier bowling and entertainment venue offering billiards, arcade games, a full-service bar, and gourmet food--all within the resort! ✔️ On-Site Dining & Shopping - Enjoy a variety of restaurants, cafes, and market shops, including: • The Wharf Seafood Buffet - Fresh seafood and Southern classics. • Juan Taco - Authentic, flavorful Mexican cuisine. • Lorrie Morgan's Spicy Hot Chicken Coop - Nashville-style hot chicken with a Southern twist. • The Candymaker - Handmade fudge, pralines, and nostalgic treats. • Sunshine Bar & Grill - A poolside tiki bar offering tropical drinks and casual bites. • Laketown Market - A convenient stop for essentials, snacks, and refreshments. ✔️ Covered Parking & 24/7 Security - Enjoy secure, gated access and round-the-clock security throughout the resort. AN UNMATCHED OPPORTUNITY - PERFECT FOR INVESTORS OR SECOND HOMEOWNERS! Whether you're looking for a luxurious beachfront escape or a high-performing short-term rental, this Laketown Wharf Penthouse is an exceptional investment. With its prime location, unparalleled views, and world-class amenities, it offers incredible rental potential and a lifestyle of pure luxury. Don't miss this rare opportunity to own the best view at Laketown Wharf! Contact me today for more details or to schedule a private showing.

19. 2026-04-28
    status Pending 3738-char remark

    Show marketing remark (3738 chars)

    Welcome to Laketown Wharf 1332! OWNER FINANCING AVAILABLE!! Breathtaking modern elegance, and unparalleled amenities come together in this stunning top-floor condo. Featuring two spacious bedrooms, two full bathrooms, and a bunk room, this penthouse retreat offers elevated beachfront living in the heart of Panama City Beach. LUXURIOUS INTERIOR & THOUGHTFUL DESIGN Step into a beautifully designed open-concept living space, where floor-to-ceiling windows frame the most spectacular in the entire resort. From your private balcony, experience unmatched panoramic views of the sugar-white sand beaches and emerald waters of the Gulf of Mexico. The gourmet kitchen boasts stainless steel appliances, granite countertops, ample cabinetry, and a breakfast bar, making it perfect for both entertaining and everyday living. The living and dining areas flow seamlessly, offering a bright and inviting atmosphere. The primary suite is a true oasis, featuring a king-size bedroom with direct Gulf views, a spa-like ensuite bathroom with a soaking tub and walk-in shower, and a large walk-in closet. The second bedroom is equally spacious, providing guests or family members with a relaxing retreat. The bunk room offers additional sleeping space, making this condo perfect for families or vacation rentals. A second full bathroom ensures comfort and convenience for all with barn door for privacy. PREMIER RESORT-STYLE AMENITIES AT LAKETOWN WHARF Laketown Wharf is Panama City Beach's premier resort, offering an extensive array of luxury amenities to enhance your coastal lifestyle: ✔️ Five Spectacular Pools - Choose from a lagoon-style pool, a rooftop pool with stunning views, a zero-entry children's pool, a seasonally heated pool, or an exclusive adults-only pool for ultimate relaxation. ✔️ Two Hot Tubs - Perfect for unwinding after a day at the beach. ✔️ Private Beach Access - Just steps away, enjoy deeded access to the Gulf of Mexico's pristine shoreline. ✔️ State-of-the-Art Fitness Center - Featuring cardio equipment, free weights, and strength-training machines, all overlooking the resort's lake. ✔️ Scenic Boardwalk & Nightly Light Show - Stroll along the 52,000-square-foot boardwalk surrounding the resort's private lake, and enjoy the spectacular dancing fountain & light show every evening. ✔️ 810 Billiards & Bowling - A premier bowling and entertainment venue offering billiards, arcade games, a full-service bar, and gourmet food--all within the resort! ✔️ On-Site Dining & Shopping - Enjoy a variety of restaurants, cafes, and market shops, including: • The Wharf Seafood Buffet - Fresh seafood and Southern classics. • Juan Taco - Authentic, flavorful Mexican cuisine. • Lorrie Morgan's Spicy Hot Chicken Coop - Nashville-style hot chicken with a Southern twist. • The Candymaker - Handmade fudge, pralines, and nostalgic treats. • Sunshine Bar & Grill - A poolside tiki bar offering tropical drinks and casual bites. • Laketown Market - A convenient stop for essentials, snacks, and refreshments. ✔️ Covered Parking & 24/7 Security - Enjoy secure, gated access and round-the-clock security throughout the resort. AN UNMATCHED OPPORTUNITY - PERFECT FOR INVESTORS OR SECOND HOMEOWNERS! Whether you're looking for a luxurious beachfront escape or a high-performing short-term rental, this Laketown Wharf Penthouse is an exceptional investment. With its prime location, unparalleled views, and world-class amenities, it offers incredible rental potential and a lifestyle of pure luxury. Don't miss this rare opportunity to own the best view at Laketown Wharf! Contact me today for more details or to schedule a private showing.

20. 2026-04-08
    listed $279,999 Active 3738-char remark

    Show marketing remark (3738 chars)

    Welcome to Laketown Wharf 1332! OWNER FINANCING AVAILABLE!! Breathtaking modern elegance, and unparalleled amenities come together in this stunning top-floor condo. Featuring two spacious bedrooms, two full bathrooms, and a bunk room, this penthouse retreat offers elevated beachfront living in the heart of Panama City Beach. LUXURIOUS INTERIOR & THOUGHTFUL DESIGN Step into a beautifully designed open-concept living space, where floor-to-ceiling windows frame the most spectacular in the entire resort. From your private balcony, experience unmatched panoramic views of the sugar-white sand beaches and emerald waters of the Gulf of Mexico. The gourmet kitchen boasts stainless steel appliances, granite countertops, ample cabinetry, and a breakfast bar, making it perfect for both entertaining and everyday living. The living and dining areas flow seamlessly, offering a bright and inviting atmosphere. The primary suite is a true oasis, featuring a king-size bedroom with direct Gulf views, a spa-like ensuite bathroom with a soaking tub and walk-in shower, and a large walk-in closet. The second bedroom is equally spacious, providing guests or family members with a relaxing retreat. The bunk room offers additional sleeping space, making this condo perfect for families or vacation rentals. A second full bathroom ensures comfort and convenience for all with barn door for privacy. PREMIER RESORT-STYLE AMENITIES AT LAKETOWN WHARF Laketown Wharf is Panama City Beach's premier resort, offering an extensive array of luxury amenities to enhance your coastal lifestyle: ✔️ Five Spectacular Pools - Choose from a lagoon-style pool, a rooftop pool with stunning views, a zero-entry children's pool, a seasonally heated pool, or an exclusive adults-only pool for ultimate relaxation. ✔️ Two Hot Tubs - Perfect for unwinding after a day at the beach. ✔️ Private Beach Access - Just steps away, enjoy deeded access to the Gulf of Mexico's pristine shoreline. ✔️ State-of-the-Art Fitness Center - Featuring cardio equipment, free weights, and strength-training machines, all overlooking the resort's lake. ✔️ Scenic Boardwalk & Nightly Light Show - Stroll along the 52,000-square-foot boardwalk surrounding the resort's private lake, and enjoy the spectacular dancing fountain & light show every evening. ✔️ 810 Billiards & Bowling - A premier bowling and entertainment venue offering billiards, arcade games, a full-service bar, and gourmet food--all within the resort! ✔️ On-Site Dining & Shopping - Enjoy a variety of restaurants, cafes, and market shops, including: • The Wharf Seafood Buffet - Fresh seafood and Southern classics. • Juan Taco - Authentic, flavorful Mexican cuisine. • Lorrie Morgan's Spicy Hot Chicken Coop - Nashville-style hot chicken with a Southern twist. • The Candymaker - Handmade fudge, pralines, and nostalgic treats. • Sunshine Bar & Grill - A poolside tiki bar offering tropical drinks and casual bites. • Laketown Market - A convenient stop for essentials, snacks, and refreshments. ✔️ Covered Parking & 24/7 Security - Enjoy secure, gated access and round-the-clock security throughout the resort. AN UNMATCHED OPPORTUNITY - PERFECT FOR INVESTORS OR SECOND HOMEOWNERS! Whether you're looking for a luxurious beachfront escape or a high-performing short-term rental, this Laketown Wharf Penthouse is an exceptional investment. With its prime location, unparalleled views, and world-class amenities, it offers incredible rental potential and a lifestyle of pure luxury. Don't miss this rare opportunity to own the best view at Laketown Wharf! Contact me today for more details or to schedule a private showing.

21. 2021-12-09
    historical
22. 2021-12-09
    historical
23. 2014-10-17
    listed $219,500
24. 2014-05-27
    listed $219,500
25. 2010-04-09
    soldstatus $135,000

ⓘ 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: $3,625 · $302/mo
• Projected year-2 tax: $3,625 · $302/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 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: −$15,684
• − Property taxes: −$3,625
• − Insurance: −$2,197
• − Repairs & maintenance: −$2,788
• − Management: −$2,788
• − HOA: −$11,136
• − Depreciation: −$8,145
• Taxable loss: −$11,519
• Est. tax savings @ 24.0%: +$2,765
• After-tax cash flow: $-4,287/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

+107.4% since first listed

8 events — show timeline

• 2026-05-01 Relisted — CPARMLS
• 2026-04-28 Pending — CPARMLS
• 2026-04-08 Listed $279,999 CPARMLS
• 2021-12-09 Listing Removed — CPARMLS
• 2021-12-09 Listing Removed — CPARMLS
• 2014-10-17 Listed $219,500 CPARMLS
• 2014-05-27 Listed $219,500 CPARMLS
• 2010-04-09 Sold (Public Records) $135,000 Public Records

Property tax history

+9.8%/yr

Latest (2025): $3,625 · -4.1% YoY. Source: county tax records.