9902 S Thomas Drive 1635, Panama City, FL 32408
Laketown Wharf Phase II · Bay County
Key Facts
Description
Calling all investors! This is more than just a condo -- it's an established income-producing business opportunity with a proven rental history already in place. This successful vacation rental has been professionally managed through the seller's rental company and includes a solid 3-year rental history, making it an excellent opportunity for investors seeking a turnkey property that is already generating revenue. Whether you're looking to expand your portfolio, invest in a beach property, or purchase an established short-term rental business, this condo offers the opportunity to step into a property that is already working for you from day one. This 1 bedroom, 2 bathroom + bunk room condo has been meticulously maintained and updated with LVP flooring, stainless steel appliances, tile backsplash. It is being offered fully furnished and is turnkey rental ready. The location on the 16th floor close to the elevators offers easy access and amazing views of the lake and fountain as well as a view of the Gulf. Resort-style amenities include direct gated beach access for endless sun & surf, 5 pools including a lagoon pool & rooftop pool, Kids Funscape Playground & splash zone, Gulf-view fitness center to work out, Splash Bar & Grill - dine without leaving the resort, covered garage parking for convenience & security, 52,000 sq. ft. lakefront boardwalk with market shops and new to the property is 810 Billiards & Bowling complete with an arcade and milkshake bar - a place for social fun for all ages. In today's market, opportunities like this are about more than location -- they're about return on investment, consistent income potential, and owning a property with an established track record. Please note: all arcade 1up machines not included in sale . Contact me for rental history, income details, and more information on this exceptional investment opportunity.
Property Information
Property Type
Residential
Sub-Type
Condominium
Style
HighRise
Year Built
2007
Stories
21
Living Area
1,047 sq ft
Lot Dimensions
Condo
Garage Spaces
1
Days on Market
41
MLS® Listing#
791661
Property Features
Exterior
Appliances
Cooling
Heating
Pool
Lot Features
Security
Community
Utilities
Sewer
Rooms
- 13 x 11First
- 8 x 7First
- 19 x 8First
- Dining Room18 x 17First
- Kitchen14 x 9First
Schools
- Elementary:
- Breakfast Point
- Middle:
- Breakfast Point
- High:
- Arnold
Financial Details
HOA
Yes
Annual Taxes
$3,027
Tax year 2025
Parcel Number
40001-000-588
Directions
Laketown Wharf is located at the corner of Front Beach Road and S. Thomas Drive, across from Pineapple Willy's.
Affordability Calculator
$69,800
Estimated monthly payment
$1,858/mo
Principal $279,200 · Est. interest $389,509 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Panama City, FL
- $379,416
- Median Listing Price
- 109
- Median Days on Market
- 1,566
- Median Sq Ft
- $253
- Median Price / Sq Ft
- 6,097
- Active Listings
- This home’s price is 8% below the area median.
- Its price per sq ft is 32% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Panama City, FL.
Location
Points of Interest in Panama City, FL
Showing the Panama City area map.
Nearby Schools
Primary Prep School
Elementary · 0.4 mi away
St Bernadette Early Childhood Development Center
School · 1.1 mi away
Twisted Fork Culinary Classroom
School · 1.6 mi away
Arnold Pre K
Secondary · 1.6 mi away
Breakfast Point Academy
School · 1.8 mi away
JR Arnold High School
Secondary · 1.9 mi away
Surfside Kids Academy
School · 2.2 mi away
Hutchison Beach Elementary School
Elementary · 2.4 mi away
Patronis Elementary School
Elementary · 2.5 mi away
Learning Tree II-Child Development Center
School · 3.1 mi away
Stacey's Fun in the Sun Preschool 2 Inc.
School · 3.1 mi away
Surfside Middle School
Secondary · 3.5 mi away
Lucille Moore Elementary School
Elementary · 5.9 mi away
PCB Academy
School · 6.0 mi away
St Andrew School
School · 6.1 mi away
Gulf Coast School for Autism
School · 6.6 mi away
Bacot Academy
School · 6.7 mi away
St. Andrew School at Oakland Terrace
Elementary · 6.8 mi away
Oakland Terrace School for the Arts
School · 6.8 mi away
Covenant Christian School
School · 6.9 mi away
Commute Calculator
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| 117 Cindy Lane, Panama City Beach, FL | $244,900 | 2 | 2 | 972 |
| 214 LINGER LANE, SUN CITY CENTER, FL | $244,900 | 2 | 2 | 1,600 |
| 2605 Avondale Court, Panama City, FL | $244,900 | 3 | 3 | 1,302 |
Moving Cost Estimate
EXIT Agents in Panama City
Listing Courtesy: Realty One Group Emerald Coast - 8502388338