UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $439
Subdivision Shores Of Panama Phase I
MLS Listing ID 995928
Bedrooms 3
Full Baths 3
HOA Fees $4,500/qua
HOA Y/N Yes
Year Built 2007
Annual Tax Amount $6,692
Tax Year 2025
Property Sub-Type Condominium
Source Emerald Coast Association of REALTORS®
Land Area 1400
Property Description
Perfectly positioned on the end of the U-shaped building, this unit offers sweeping, unobstructed Gulf views from an expansive wrap-around balcony, including beautiful sunrise views over the coastline. The spacious 3-bedroom, 3-bath layout is ideal for personal use or vacation rental income, while the penthouse elevation provides added privacy and an exceptional vantage point.
The unit also conveys with a dedicated parking space and private storage closet, valuable extras rarely found with competing properties. Shores of Panama offers direct beach access, a lagoon-style Gulf-front pool, hot tubs, fitness center, on-site dining, and an unbeatable location steps from Pineapple Willy's, 810 Billiards & Bowling, shopping, dining, and entertainment.
Well-positioned 3BR units in the building commonly generate approximately $80K-$90K annually, with upside potential into the $100K range when professionally optimized. With another significant price reduction, premium penthouse features, and exceptional Gulf-front positioning, Unit 2331 stands out as one of the most compelling opportunities currently available at Shores of Panama. with upside into the $100K range when optimized.
Location
State FL
County Bay
Community Bbq Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Pool, Tv Cable, Waterfront
Area 27 - Bay County
Direction Traveling east on Front Beach Road, turn right on Thomas Drive and the building is at first curve in road on right.
Rooms
Primary Bedroom Level Main
Master Bedroom true
Kitchen true
Interior
Interior Features Breakfast Bar
Heating Central
Cooling Central Air
Furnishings Furnished - All
Window Features Window Treatment All
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
Exterior
Exterior Feature Balcony, Balcony
Pool Pool Type
Community Features BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Pool, TV Cable, Waterfront
Utilities Available Electric, Public Water, TV Cable
Waterfront Description Gulf
View Gulf
Accessibility 709
Garage No
Building
Faces Traveling east on Front Beach Road, turn right on Thomas Drive and the building is at first curve in road on right.
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
Pets Allowed No
HOA Fee Include Ground Keeping, Internet Service, Master Association, Sewer, TV Cable, Trash, Water
Tax ID 40000-675-298
Nearby Locations
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