This condominium is professionally managed by a boutique rental company and has generated $61, 000 in gross annual revenue in 2023, and $42, 000 so far in 2024. The unit comes fully furnished and turn-key, featuring new luxury floating LVP flooring throughout, privacy curtains, and all furniture recently updated within the past two years. This Type-N floor plan includes 1 bedroom plus a bunk area, 2 full bathrooms, in-unit laundry, and a deeded parking spot conveniently located on the 9th floor.Enjoy breathtaking sunsets from the desirable west-facing balcony, outfitted with durable Pollywood furniture, overlooking the turquoise Gulf of Mexico waters and vibrant pool scene below. The primary bedroom suite features an adjustable bed with a remote control and an orthopedic mattress. Its windows offer breathtaking sunrise views and the emerald Gulf on the east side of Panama City Beach. Shores of Panama Resort Condominiums are renowned for their expansive resort-style lagoon pool, complete with a hot tub and Tiki bars. Additional amenities include an indoor heated pool, spa, fitness center, sauna, steam room, and on-site shopping options. All information and HOA fees are deemed accurate but should be verified by buyers if deemed 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: WasherHookup, DryerHookup, Stacked
Other Rooms
- 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, Community
Waterfront and Water Access
Garage and Parking
- Garage Spaces: 1
- Parking Features: Assigned, Covered, 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: 2997
- Association Fee Frequency: Quarterly
- Association Fee Includes: AssociationManagement, CableTv, Insurance, LegalAccounting, MaintenanceGrounds, Pools, Sewer, Security, Water
- Calculated Total Monthly Association Fees: 999
- 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, Pool, ShortTermRentalAllowed, Waterfront
Other Property Info
- Annual Tax Amount: 3794
- 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: 2023
- Source Property Type: Residential
- Property Subtype: condo
- MLS Area Minor: 0318 - Beach - Central South
- Source Neighborhood: Shores Of Panama
- Parcel Number: 40000-675-227
- Postal City: Panama City
- Subdivision: Shores Of Panama
- 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: 17
- Building Total Stories: 23
- House Style: HighRise
- Architectural Style: HighRise
Utilities
- CableConnected
- ElectricityConnected
- TrashCollection
