9860 South Thomas Drive, Unit 308

Panama City Beach, FL 32408

$340,000
Price
2
Beds
2
Baths
1,262 Sq. Ft.
$269 / Sq. Ft.
1,262
Sq. Ft.
$269
per Sq. Ft.

Description

Welcome to an exceptional investment opportunity at Laketown Wharf in Panama City Beach! This captivating 2-bedroom, 2-bathroom condo, complete with an additional bunk room, offers a proven track record, generating over $47,000 in annual rental revenue. It's the perfect investment for both seasoned and new investors alike. This condo consistently delivers impressive income, making it a reliable asset for your investment portfolio. With Evolve Management handling all rental services, operations are...Welcome to an exceptional investment opportunity at Laketown Wharf in Panama City Beach! This captivating 2-bedroom, 2-bathroom condo, complete with an additional bunk room, offers a proven track record, generating over $47,000 in annual rental revenue. It's the perfect investment for both seasoned and new investors alike. This condo consistently delivers impressive income, making it a reliable asset for your investment portfolio. With Evolve Management handling all rental services, operations are hassle-free, ensuring you can enjoy your investment without the stress of day-to-day management. Tastefully decorated and meticulously maintained, this condo is ready for guests to enjoy. Its prime location directly across the street from the Gulf offers easy beach access and unobstructed lake views from the third floor. Guests can also take advantage of exceptional amenities, including five pools, a lakefront boardwalk, nightly fountain and light shows, a fitness center, putting green, and onsite dining options. Accommodating up to 10 guests, this condo offers two king-sized bedrooms, a bunk nook, and two sleeper sofas, making it ideal for vacationers. Recent upgrades include a new HVAC (2022), WIFI-controlled front door, Nest thermostat, front door camera, hot water heater, and more. The condo even comes with its own custom website for top-tier visibility and an established clientele, ensuring maximum rental potential. Whether you're seeking a vacation retreat or a lucrative investment property, this condo offers the best of both worlds. All information is deemed accurate but should be verified by the buyer and/or buyer's agent if important. Seize this opportunity to own a money-making machine in Panama City Beach!
  1. Listed by Darrell Turner • Counts Real Estate Group Inc

Property Details for 9860 South Thomas Drive, Unit 308

Architectural Style
High Rise
Waterfront
Yes
Waterfront Features
Lake, Lake Front
Subdivision Name
Laketown Wharf
View
Lake
Zoning Description
Resort
View
Yes
LISTING UPDATED: 12/10/2024 04:33 PM

Property Details for 9860 South Thomas Drive, Unit 308

StatusActive
MLS #762913
Days on Market87
Taxes$4,978 / year
HOA Fees$2,328 / quarter
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium / Condominium
Year Built2008
CountyBay County

Building Information for 9860 South Thomas Drive, Unit 308

Building/Complex9860 S Thomas DrFloor3Stories-Residences-Pet Policy-Year Built2008

Property Information for 9860 South Thomas Drive, Unit 308

Summary
Location and General Information
  • City: Panama City Beach
  • County Or Parish: Bay
  • Directions: Turn South on Thomas Drive, Laketown wharf is across from Pineapple Willy's
  • Postal Code: 32408
  • Latitude: 30.177717
  • Longitude: -85.804932
  • State Or Province: FL
  • MLS Area Major: 03 - Bay County - Beach
  • MLS Area Minor: 0323 - Beach - South of Grand Lagoon
Taxes and HOA Information
  • Parcel Number: 40001-000-070
  • Association Fee: $2,327.97
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Cable Tv, Insurance, Legal Accounting, Maintenance Grounds, Pools, Security, Trash, Water
  • Association: Yes
  • Tax Annual Amount: $4,978.00
  • Tax Legal Description: LAKETOWN WHARF UNIT 308 TYPE B BLDG 2 ORB 2994 P 1890 3BR 2BA ORB 4533 P 1878 1262 TOTAL SF
  • Tax Year: 2023
School Information
  • Elementary School: Breakfast Point
  • High School: Arnold
  • Middle Or Junior School: Breakfast Point
Parking
  • Garage: No
Property
Lot Information
  • Lot Size Dimensions: 0x0
  • Living Area: 1262.0
  • Living Area Source: Appraiser
Property and Assessments
  • Year Built: 2008
  • Human Modified: No
Utilities
  • Utilities: Cable Connected, Electricity Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony
  • Pool Features: Community
  • Association Amenities: Beach Rights
  • Community Features: Barbecue, Clubhouse, Conference Meeting Room, Elevator, Fitness Center, Game Room, Pool, Recreation Area, Shopping, Short Term Rental Allowed, Waterfront
  • Patio And Porch Features: Balcony
  • Security Features: Security Service
Interior Features
  • Entry Level: 3
  • Bathrooms Full: 2
  • Bathrooms Total: 2
  • Bedrooms Total: 2
  • Cooling: Yes
  • Cooling: Central Air, Ceiling Fans, Electric
  • Heating: Yes
  • Heating: Central, Electric
  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Interior Features: Breakfast Bar, Kitchen Island
Room Information
Room 1
  • Room Area: 63.0
  • Room Dimensions: 9 x 7
  • Room Length: 9.0
  • Room Level: First
  • Room Width: 7.0
Room 2
  • Room Area: 132.0
  • Room Dimensions: 12 x 11
  • Room Length: 12.0
  • Room Level: First
  • Room Type: Bedroom
  • Room Width: 11.0
Room 3
  • Room Area: 168.0
  • Room Dimensions: 12 x 14
  • Room Length: 12.0
  • Room Level: First
  • Room Type: Primary Bedroom
  • Room Width: 14.0
Room 4
  • Room Area: 300.0
  • Room Dimensions: 20 x 15
  • Room Length: 20.0
  • Room Level: First
  • Room Type: Dining Room
  • Room Width: 15.0
Room 5
  • Room Area: 99.0
  • Room Dimensions: 11 x 9
  • Room Length: 11.0
  • Room Level: First
  • Room Type: Kitchen
  • Room Width: 9.0
Rental
Rental Information
  • Occupant Type: Occupied
  • Lease Expiration: 11-15-2024
  • Lease Term: Other

Property History for 9860 South Thomas Drive, Unit 308

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9860 South Thomas Drive, Unit 308

Taxable ValueLand-Additions$391,000Total-
Tax Record2023$4,978 ($415 / month)
Home Facts
Beds2Total Finished SqFt1,262 SqFtAbove Grade Finished SqFt1,262 SqFtStyleCondominiumYear Built2008CountyBAYAPN40001-000-070

Schools near 9860 South Thomas Drive, Unit 308

This home is within Bay.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 3
Public - PK to 5
Rating
School
Distance
Breakfast Point Academy
PublicPK to 8

J.R. Arnold High School
Public9 to 12

A. Gary Walsingham Academy
PublicPK to 3

St. Andrew School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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9860 South Thomas Drive, Unit 308 is a condo for sale in Panama City Beach, FL 32408. This property was listed for sale on September 19, 2024 by Counts Real Estate Group Inc, it's currently listed at $340,000. It has been on the market for a total of 87 days and was last sold on February 18, 2022. This listing's school district is Bay. Nearby schools include Breakfast Point Academy, J.R. Arnold High School and A. Gary Walsingham Academy. 9860 South Thomas Drive, Unit 308 is a 2-bed, 2-bath, 1,262 sqft condo built in 2008.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Counts Real Estate Group Inc

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.