Turnkey Investment Opportunity | Shores of Panama - 1 Bedroom, 2 Bath Condo with Proven Rental History: 2023 / $43,525 2024 / $41,853 2025/$32,048 thru July.This updated and renovated 1-bedroom, 2-bath condo at Shores of Panama is a proven income producer with 3 consecutive years of strong rental history. Fully furnished and rental-ready, this property is the ideal turnkey investment for those looking to capitalize on Panama City Beach's thriving vacation rental market.The efficient floor plan comfortably accommodates guests with a private bedroom, hallway bunks, sleeper sofa, and two full bathrooms - a rare feature that enhances guest satisfaction and boosts rental demand. Recent updates, modern finishes, and tasteful decor ensure excellent guest reviews and repeat bookings.Shores of Panama remains one of the highest-demand resorts on the Gulf Coast, offering unmatched amenities including a lagoon-style beachfront pool, hot tubs, indoor pool, fitness center, on-site dining, tiki bars, and direct beach access - all major draws for vacationers.With a proven track record of income production, prime location, and resort-style amenities, this condo is a smart addition to any investment portfolio.With an acceptable offer, Seller will pay the remaining $18,000 of the special assessment currently $1200 monthly until the end of 2026.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Appliances
- Dishwasher
- ElectricOven
- ElectricWaterHeater
- Microwave
- Refrigerator
Heating and Cooling
- Cooling Features: CentralAir, CeilingFans
- Heating Features: Central
- Heating: Yes
- Ceiling Fans: Yes
Interior Features
- Door Features: StormDoors
- Window Features: StormWindows
Exterior and Lot Features
- Balcony
- Patio And Porch Features: Balcony
Pool and Spa
- Pool Features: InGround, Pool, Community
- Spa Features: Community, HotTub
- Spa: Yes
Waterfront and Water Access
Garage and Parking
- Attached Garage: Yes
- Garage Spaces: 1
- Parking Features: Attached, Garage, CommunityStructure
Land Info
Home Features
- View: Gulf
- Security Features: BuildingSecurity, SmokeDetectors, SecurityService
Homeowners Association
- Association: Yes
- Association Amenities: BeachRights, Gazebo, Sauna, SpaHotTub
- Association Fee: 3242
- Association Fee Frequency: Quarterly
- Association Fee Includes: Clubhouse, CableTv, FitnessFacility, Internet, MaintenanceGrounds, PestControl, Pools, Sewer, Security, Trash, Water
- Calculated Total Monthly Association Fees: 1081
School Information
- Elementary School: Breakfast Point
- High School: Arnold
- Middle School: Breakfast Point
Amenities and Community Features
- Community Features: Beach, Clubhouse, Elevator, FitnessCenter, Park, Sauna, ShortTermRentalAllowed, Sidewalks, Pool
Other Property Info
- Annual Tax Amount: 4498
- Source Listing Status: Active
- County: Bay
- Directions: At the intersection of Thomas Dr and Front Beach Rd.
- 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
- Parcel Number: 40000-650-337
- Postal City: Panama City Beach
- Subdivision: Shores Of Panama
- Zoning Description: Resort
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 907
- Year Built: 2007
- Entry Level: 19
- Living Area Source: Appraiser
- Property Age: 18
- Architectural Style: HighRise
Utilities
- Sewer: PublicSewer
- CableConnected