2 months on rocket

9860 S Thomas Dr Unit 308, Panama City Beach, FL, 32408

$340,000

Home List Price

$4,038*

Closing Credit

2 Bedrooms
2 Full Baths
1,262 SqFt
$269/SqFt
Condo

Location

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9860 S Thomas Dr Unit 308, Panama City Beach$340,000

Buyer Closing Credits

$4,038*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built2008
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontLake Front
ViewLake
MLS #762913
StatusActive

About 9860 S Thomas Dr Unit 308

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!

Property Details

Property Features

Property Information:

  • Architectural Style: High Rise
  • Year Built: 2008
  • Living Area: 1,262 SqFt

Listing Office:

  • Office Name: Counts Real Estate Group Inc

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Interior: Breakfast Bar, Kitchen Island

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Lake
  • Exterior: Balcony

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: Turn South on Thomas Drive, Laketown wharf is across from Pineapple Willy's

Price Information

Listing Price Info

Price Summary:

  • List Price: $340,000
  • Price Per SqFt: $269/SqFt

HOA Fees:

  • Amount: $2327
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $2,533
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City Beach, FL.

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Panama City Beach, FL

City

Med. Sold Price

$454.5K

Med. Price/SqFt

$321

Avg. Days On Market

104

# of Sold Homes

123

9860 S Thomas Dr Unit 308 vs Panama City Beach

80 DAYS ON ROCKET

-24 Days

$340,000

-$114.5K Less

$269/SqFt

-$52 Less

KEY TAKEAWAY

This property is $114.5K less than the Median Sold Price and $52/SqFt less than other homes in Panama City Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #762913

Listing Office:

  • Office Name: Counts Real Estate Group Inc

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,533$204,000
2018$2,469$197,965
2017$2,171$195,925

History based on county public records data.

Payment Calculator

$2,539

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,086

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-692254
5
/10

  • Hutchison Beach Elementary School

  • 12900 Hutchison Blvd

  • 2.46 miles

  • Public District Grades KG-5

school-card-donut-692255
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 2.47 miles

  • Public District Grades KG-5

school-card-donut-692256
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 5.84 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,561. The majority of Panama City Beach, FL residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 9860 S Thomas Dr Unit 308

What is the listing price of this property?

The listing price of 9860 S Thomas Dr Unit 308 property is $340,000.

What type of property is this?

The property 9860 S Thomas Dr Unit 308 is a condo located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 9860 S Thomas Dr Unit 308 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,533 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 9860 S Thomas Dr Unit 308 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 9860 S Thomas Dr Unit 308 is 1,262 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 9860 S Thomas Dr Unit 308 is 2008.

Rocket Homes›Florida›Bay County›Panama City Beach›32408›9860 S Thomas Dr Unit 308

This home is located at 9860 S Thomas Dr Unit 308 in Panama City Beach, FL and zip code 32408 in the Long Beach neighborhood. This 1,262 square foot home was built in 2008. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $340,000.

Over 8 listings were sold over their listed price in November 2024 in Panama City Beach, FL. In the same period over 90 listings were sold below the listed price and 25 listings were sold for the listed price. The inventory of homes for sale in Panama City Beach, FL between October 2024 and November 2024 increased by 1%. Listings spent 104 days on the market in November 2024, and had a median list price of $454,516 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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