NEW HVAC | $60K GROSS INCOME IN 2023 & 2024 | GULF VIEWS FROM THE 18TH FLOORProfessionally managed by a boutique rental company, this west-facing Shores of Panama condo offers both investment potential and resort-style living. With approximately $60, 000 in gross rental income in both 2023 and 2024, the unit comes fully furnished and turn-key with new luxury floating LVP flooring, updated furniture within the last two years, privacy curtains, and a deeded parking space. This desirable Type-N floor plan features one bedroom, a private bunk area, two full bathrooms, and in-unit laundry. The balcony is outfitted with Pollywood furniture and overlooks the resort's lagoon-style pool and the Gulf of Mexico, offering stunning sunset views. The primary suite includes an adjustable orthopedic mattress with remote control and east-facing windows that provide sunrise and Gulf views across Panama City Beach. Shores of Panama is known for its expansive resort amenities, including a beachfront lagoon-style pool with palm-lined islands, fountains, and zero-entry access, as well as a heated indoor pool and hot tub, 24-hour fitness center, seasonal poolside Tiki bar, exclusive beach access, covered parking, on-site security, and complimentary Wi-Fi. The location is ideal, with Pineapple Willy's next door and multiple restaurants and attractions just across the street at Laketown Wharf. All information and HOA fees are deemed accurate but should be verified by buyers if important.
Property Features
Bedrooms
- Bedrooms: 1
- Primary Bedroom Dimensions: 13.8 x 11.3
- Primary Bedroom Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom Dimensions: 10.6 x 5.7
- Primary Bathroom Level: First
Interior Features
Appliances
- Dryer
- WasherDryerStacked
- Dishwasher
- ElectricOven
- ElectricRange
- Disposal
- Microwave
- Refrigerator
- Washer
- Laundry Features: Stacked
Other Rooms
- DiningRoom, FullBath, Kitchen, LivingRoom, PrimaryBathroom, PrimaryBedroom
- FullBath: 5.11 x 10.6
- FullBath Level: First
- Living Room Dimensions: 17.8 x 13.8
- Living Room Level: First
Heating and Cooling
- Cooling Features: CentralAir, CeilingFans, Electric
- Heating Features: Central, Electric
- Heating: Yes
Kitchen and Dining
- Dining Room Dimensions: 7.2 x 12.1
- Dining Room Level: First
- Kitchen Dimensions: 10.6 x 12.4
- Kitchen Level: First
Exterior and Lot Features
- Balcony
- Patio And Porch Features: Balcony
Pool and Spa
- Pool Features: Indoor, InGround, Pool, Community
Waterfront and Water Access
Garage and Parking
- Garage Spaces: 1
- Parking Features: Assigned, Deeded
Land Info
- Lot Size Dimensions: CONDO
Home Features
- View: Gulf
- Security Features: FireSprinklerSystem, SecuredGarageParking, TwentyFourHourSecurity
Homeowners Association
- Association: Yes
- Association Amenities: BeachRights
- Association Fee: 2947
- Association Fee Frequency: Quarterly
- Association Fee Includes: AssociationManagement, CableTv, Insurance, LegalAccounting, MaintenanceGrounds, Pools, Sewer, Security, Water
- Calculated Total Monthly Association Fees: 983
- Association Name: Lynette Armstrong
School Information
- Elementary School: Breakfast Point
- High School: Arnold
- Middle School: Breakfast Point
Multi-Unit Info
- Number of Units In Community: 709
Amenities and Community Features
- Community Features: Barbecue, Beach, Elevator, FitnessCenter, Park, ShortTermRentalAllowed, Waterfront, Pool
Other Property Info
- Annual Tax Amount: 4002
- Source Listing Status: Active
- County: Bay
- Directions: Shores of Panama is located next to Pineapple Willy's across from Laketown Wharf, at the intersection of Front Beach Road and Thomas Dr
- Tax Year: 2024
- Source Property Type: Residential
- Area: 03 - Bay County - Beach
- Property Subtype: condo
- MLS Area Minor: 0318 - Beach - Central South
- Source Neighborhood: Shores Of Panama Phase II
- Parcel Number: 40000-675-227
- Postal City: Panama City
- Property Location: Within 1/2 Mile to Water
- Subdivision: Shores Of Panama Phase II
- Zoning Description: Resid Multi-Family
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 936
- Year Built: 2007
- Entry Level: 18
- Living Area Source: Appraiser
- Property Age: 18
- Building Total Stories: 23
- Architectural Style: HighRise
Utilities
- CableConnected
- TrashCollection
