7 months on rocket

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

$359,000

Home List Price

$4,263*

Closing Credit

2 Bedrooms
2 Full Baths
1,262 SqFt
$284/SqFt
Condo
Schools Nearby

Location

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9860 S Thomas Dr Unit 308, Panama City Beach$359,000

Buyer Closing Credits

$4,263*

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 #746254
StatusActive

About 9860 S Thomas Dr Unit 308

This property has proven to be a lucrative investment prospect that demands your attention. Set against the backdrop of Panama City Beach. Experience the allure of a captivating 2-bedroom, 2-bathroom condo in Panama City Beach, featuring an additional bunk room for added charm., this coastal haven consistently yields an impressive annual revenue exceeding $47,000, positioning itself as an enticing choice for both vacationers and astute investors. Rental Revenue Marvel: This condo stands as a reliable source of income, boasting a proven track record of generating substantial rental returns. It's a valuable asset for your investment portfolio. Effortless Rental Management: Bid farewell to the complexities of vacation rental management. This property seamlessly transitions all rental services to Evolve Management, ensuring your peace of mind and optimizing your returns. Impeccable Design: Step into this meticulously maintained condo where tasteful decor harmonizes with beachside charm. Every detail has been thoughtfully curated, creating a warm and inviting ambiance for guests. Spacious Living: Featuring two generously sized bedrooms, each with its own bathroom, and an additional bunk room, this condo effortlessly caters to both families and groups of friends. Beach Access: Picture waking up and casually strolling to the beach whenever you please. This condo offers direct beach access, allowing you to relish the sun, surf, and sand at your leisure. Dual Purpose: Whether you're in search of an ideal vacation retreat or an income-generating property, this condo seamlessly fulfills both roles. It's a superb choice for those desiring the best of both worlds. Seller Assistance: The seller is dedicated to assisting you at every step, enhancing the appeal of this opportunity. Don't overlook the chance to own a slice of paradise in Panama City Beach, promising not only unforgettable vacations but also contributing to your financial prosperity. Embrace the beach lifestyle, make a wise investment, and seize this golden opportunity.

Property Details

Property Features

Property Information:

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

Listing Office:

  • Office Name: Jim Free Realty LLC

Interior Features

Interior Information:

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Interior: Kitchen Island, Smart Thermostat

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

School Info

Assigned Schools Information:

  • J.R. Arnold High School, Public District Grades 9-12
  • Breakfast Point Academy, Public District Grades PK-8

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: $359,000
  • Price Per SqFt: $284/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

$477.3K

Med. Price/SqFt

$350

Avg. Days On Market

83

# of Sold Homes

160

9860 S Thomas Dr Unit 308 vs Panama City Beach

238 DAYS ON ROCKET

+155 Days

$359,000

-$118.3K Less

$284/SqFt

-$67 Less

KEY TAKEAWAY

This property is $118.3K less than the Median Sold Price and $67/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: #746254

Listing Office:

  • Office Name: Jim Free Realty LLC

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: 5/4/2024, 8:20:36 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

$2,634

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,143

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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.

Middle School

school-card-donut-5851730
6
/10

  • Breakfast Point Academy

  • 601 North Richard Jackson Blvd

  • 0.98 miles

  • Public District Grades PK-8

High School

school-card-donut-5851731
5
/10

  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 1.89 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,561. Typical income of Panama City Beach, FL residents is between $35k-100k annually. Most families are 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 $359,000.

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 are the assigned schools for this property?

The assigned schools for 9860 S Thomas Dr Unit 308 are:
Breakfast Point Academy: GreatSchools Rating 6/10
J.R. Arnold High School: GreatSchools Rating 5/10

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 September 08, 2023 and is currently priced at $359,000.

Over 9 listings were sold over their listed price in April 2024 in Panama City Beach, FL. In the same period over 135 listings were sold below the listed price and 16 listings were sold for the listed price. The number of homes for sale in Panama City Beach, FL increased by 4.6% between March 2024 and April 2024. The median list price of listings available in April 2024 was $477,347, while the average time on the real estate market was 83 days.

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

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