Shores Of Panama Phase I Real Estate

Welcome to Shores of Panama Phase I, a stunning beachfront subdivision nestled in the heart of Bay County, Florida. This vibrant community offers a unique blend of coastal luxury and laid-back charm, perfect for those seeking a serene getaway or a permanent residence by the sparkling Gulf of Mexico.

As you enter Shores of Panama Phase I, you’ll be greeted by beautifully landscaped grounds and a welcoming atmosphere that immediately feels like home. The subdivision boasts an array of modern amenities, including a lavish lagoon-style pool, a state-of-the-art fitness center, and direct access to the pristine sandy beaches that make this area so desirable. Whether you’re lounging by the pool or taking a leisurely stroll along the shore, the breathtaking views and soothing sounds of the ocean will envelop you in tranquility.

Shores of Panama Phase I is not just about relaxation; it’s also about connection. This community is conveniently located near an assortment of dining, shopping, and entertainment options, ensuring that residents can enjoy the best of both worlds – the peacefulness of beach life and the excitement of nearby attractions. From fresh seafood restaurants to vibrant nightlife, there’s something for everyone.

With a variety of spacious condos available, each designed to maximize comfort and style, Shores of Panama Phase I is the perfect place to call home. Experience the ultimate Florida lifestyle in this exquisite subdivision where every day feels like a vacation. Come discover your dream home in Shores of Panama Phase I, where the beauty of nature meets the warmth of community!

Newest Listings in Shores Of Panama Phase I

$335,000

2 Beds ⋅ 2 Baths ⋅ 793121 MLS

HIGH FLOOR. GULF-FRONT PRIMARY SUITE. 30-FOOT BALCONY. Shores of Panama 2213 is a furnished Type C floor plan on the 22nd floor of Shores of Panama Resort in Panama City Beach, Florida, featuring one bedroom, a private bunk room, two full bathrooms, and accommodations for up to six guests. The Gulf-front primary suite includes a king-size bed, Gulf views, a private ensuite bathroom, and a renovated vanity with a granite countertop, updated mirror, and updated lighting. A barn door provides separation and privacy for the bunk room, while the adjacent full bathroom includes a stackable washer and dryer and a dehumidifier. The interior features luxury vinyl plank flooring throughout, coastal-inspired décor, updated light fixtures, flat-screen televisions, granite kitchen countertops, and abundant natural light. The oversized balcony extends more than 30 feet across the unit, providing elevated views of the Gulf, the resort's lagoon-style pool, and the surrounding coastline. The property generated $36,171 in gross rental income during 2025. Gross rental income for 2026 totaled $24,330 through June, excluding July, with the current pace positioned to meet or exceed the prior year despite owner use. Rental figures are provided for reference only and are not a guarantee of future performance. The HVAC system was installed in 2017, and the water heater was installed in 2018. This unit does not include a deeded parking space. Overflow parking is available throughout the resort parking garage, subject to resort rules and availability. Shores of Panama Resort features a large Gulf-front lagoon-style pool with zero-entry access, palm-lined islands, fountains, and a spacious hot tub. Additional amenities include resort-exclusive beachfront access, an indoor heated pool and hot tub, a 24-hour fitness center, a seasonal poolside Tiki bar, covered parking, complimentary Wi-Fi, and on-site security. Pineapple Willy's is adjacent to the resort, while Laketown Wharf across the street offers dining, retail, and entertainment options. Additional Panama City Beach attractions include Pirates Voyage Dinner & Show, Topgolf, McGuire's Irish Pub, and Tootsie's Orchid Lounge. Quarterly HOA dues are currently $3,491.71. All information, measurements, rental figures, availability, and HOA fees are deemed reliable but not guaranteed; buyer to verify if important.

9900 S Thomas Drive Unit 2213, Panama City Beach

Listing courtesy of Coldwell Banker Realty.

$474,900

2 Beds ⋅ 3 Baths ⋅ 792765 MLS

Ocean-View Luxury Condo - Sleeps 8 - Strong Pre-Bookings for the Year! Welcome to your dream ocean-view condominium! This fully furnished, beautifully updated unit comfortably sleeps eight guests and is move-in or rental-ready. It features a spacious layout with brand-new flooring throughout and a remodeled kitchen equipped with modern amenities. Designed for comfort and style, it offers two luxurious bedroom suites--one with a king bed and the other with a queen--each with private tiled bathrooms. A charming third bedroom/bunk room, complete with two bunk beds and an additional full bathroom, ensures ample space for everyone. The living room also includes a queen sleeper sofa, providing extra flexibility for larger groups. Step onto the private balcony and take in breathtaking views of the resort pool, sugar-white sandy beach, and the stunning emerald waters of the Gulf. Inside, you'll find everything you need for a seamless stay, including Cable TV, WiFi, a Washer/Dryer, and a Full Kitchen with essential appliances such as a Coffee Maker, Microwave, Toaster, and Blender. Shores of Panama has resort-style amenities, including a beachfront deck with a lagoon-style pool, a children's play area, an outdoor jacuzzi, a heated indoor pool and indoor jacuzzi, a tiki bar & grill, a fitness center, and a grilling area. Its prime location offers convenient access to top-tier dining, shopping, golf courses, and entertainment options, making it the perfect vacation retreat. With strong pre-bookings already secured for the year, this condo is an outstanding investment opportunity with immediate income potential! Don't miss your chance to own a piece of paradise--schedule your showing today!

9900 S Thomas Drive Unit 804, Panama City

Listing courtesy of Coastal Palms Real Estate.

$320,000

1 Beds ⋅ 2 Baths ⋅ 792344 MLS

Welcome to Shores of Panama Unit 2208, a beautifully renovated 1-bedroom + bunk area, 2 full bath condo offering the perfect combination of coastal living, comfort, and investment potential. Renovated within the past 12 months, this turnkey condo features all-new flooring, paint, furnishings, appliances, décor, and more. Best of all, this unit has never been used as a vacation rental, making it exceptionally well-maintained and truly move-in or rental ready. Designed to comfortably accommodate 6 guests, this floor plan includes a spacious primary suite, hallway bunk area, and two full bathrooms. Rental projections exceed $40,000 annually, with many comparable units in the resort generating even higher income. Shores of Panama is widely recognized as one of Panama City Beach's premier short-term rental resorts and offers some of the highest ROI potential on the beach, making this an exceptional opportunity for investors or those looking for a second home that can help offset ownership costs. Owners and guests enjoy an impressive lineup of resort-style amenities, including one of the area's largest lagoon-style Gulf-front pools, multiple hot tubs, an indoor heated pool, a 24-hour fitness center, on-site tiki bar and grill, seasonal live entertainment, covered parking, and 24-hour security. Perfectly located, you'll be just steps from Pineapple Willy's and directly across the street from Laketown Wharf, offering a variety of restaurants, shopping, and entertainment. Whether you're searching for a high-performing vacation rental, a second home, or your own beachfront getaway, this fully furnished, turnkey condo checks every box. Sellers are motivated and will entertain all reasonable offers.

9900 S Thomas Drive Unit 2208, Panama City Beach

Listing courtesy of Legacy Premier Agency.

$620,000

2 Beds ⋅ 3 Baths ⋅ 791382 MLS

Welcome to an extraordinary Gulf-front escape soaring above the sugar-white sands of Panama City Beach from the 19th floor of the renowned Shores of Panama Resort. Offering spectacular panoramic views of the emerald-green waters of the Gulf of Mexico, endless coastline, and the resort's stunning lagoon-style pool, this exceptional residence captures the very essence of luxury coastal living. Beautifully appointed and offered fully furnished, this turnkey 2-bedroom, 3-bath condominium is ready to be enjoyed from day one. Floor-to-ceiling views create a breathtaking backdrop throughout the main living areas, while the expansive private balcony provides the perfect setting to enjoy morning coffee above the shoreline, watch dolphins play in the surf, or unwind as the sun melts into the horizon. Recently renovated bathrooms add a fresh and sophisticated touch, while the thoughtfully designed floor plan offers both comfort and functionality. In addition to the spacious bedrooms, the residence includes a versatile bunk alcove conveniently located adjacent to the half bath, providing additional flexibility for hosting family and guests. Every detail needed for immediate enjoyment is already in place, with furniture, appliances, décor, and household contents conveying with the sale. Whether seeking a personal beachfront sanctuary, a luxury vacation retreat, or a rental-ready investment opportunity, this residence is positioned to deliver an exceptional ownership experience. Included with the property is reserved covered parkin space 8th floor, 1903, within the resort's private parking garage, providing convenience and peace of mind. Shores of Panama remains one of Panama City Beach's most sought-after beachfront destinations, celebrated for its direct beach access, breathtaking tropical lagoon-style pool, indoor pool, hot tubs, fitness center, and impressive resort-style amenities. Ongoing community improvements and enhancements continue to elevate the property's appeal and long-term value. Rarely does an opportunity arise to own a residence that combines such captivating Gulf views, resort luxury, turnkey convenience, and an unbeatable beachfront location. From the moment you step inside, you'll understand why Shores of Panama continues to be one of the most desirable addresses on the Emerald Coast. Buyer to verify all measurements, dimensions, square footage, and any information deemed important.

9900 S Thomas Drive Unit 1903, Panama City Beach

Listing courtesy of Gulf Life Real Estate Inc.

$348,900

1 Beds ⋅ 2 Baths ⋅ 790916 MLS

Experience coastal living at its finest in this beautifully appointed 1-bedroom, 2-bathroom condo located on the 6th floor of the highly sought-after Shores of Panama Resort in Panama City Beach. Showcasing breathtaking Gulf views through expansive floor-to-ceiling windows, this stylish residence blends timeless beach décor with comfortable, high-end furnishings for a warm and inviting coastal retreat. The open-concept living area features a sleeper sofa, flat-screen television, and direct access to a spacious private balcony overlooking the world's most beautiful beaches. The fully equipped kitchen offers everything needed for preparing meals at home, while the generous dining space provides plenty of room to gather with family and friends. The primary bedroom features a king-sized bed and private bath with a tub/shower combination. A hallway bunk area with twin bunks provides additional sleeping accommodations, and a second full bathroom adds convenience for guests. This thoughtfully designed condo comfortably sleeps up to 6 guests and includes a washer and dryer, high-speed internet, cable, and a reserved parking space conveniently located on the same floor. Shores of Panama is one of Panama City Beach's most popular Gulf-front resort destinations, known for its impressive amenities and unbeatable location. Perfectly situated at the corner of South Thomas Drive and Front Beach Road, the resort places owners and guests within walking distance of restaurants, shopping, entertainment, and family-friendly attractions. Resort amenities include private beach access, a stunning lagoon-style Gulf-side pool with fountains, two tiki bars, a spacious pool deck with recreational features, Gulf-side hot tub, heated indoor pool and hot tub, fitness center, covered on-site parking, and complimentary high-speed internet. Whether you are searching for a personal beach getaway, vacation rental investment, or a turnkey coastal retreat, this Shores of Panama condo offers exceptional views, resort-style amenities, and a prime Panama City Beach location.

9900 S Thomas Drive Unit 612, Panama City

Listing courtesy of Portfolio Real Estate and Management Group.

$344,900

1 Beds ⋅ 2 Baths ⋅ 790100 MLS

ALL TILE THROUGHOUT!! This is the ''C'' plan that has 1bd + Bunkroom with 2 full bathrooms, with the double balcony. GULF-FRONT MASTER BEDROOM AND GULF-FRONT LIVING ROOM. Great views to the pool and the gulf. BALCONY REPAIRS HAVE ALREADY BEEN COMPLETED!

9900 S Thomas Drive Unit 1113, Panama City

Listing courtesy of Pineapple Properties.

$415,000

2 Beds ⋅ 3 Baths ⋅ 788428 MLS

Welcome to Shores of Panama Unit 2218, a beautifully updated Gulf-front condo for sale in Panama City Beach offering stunning Gulf views, resort-style amenities, direct beach access, and strong short-term rental potential. Located on the 22nd floor, this 2-bedroom + bunk, 3-bath beachfront condo features an open-concept layout with floor-to-ceiling glass doors leading to your private balcony-perfect for enjoying the emerald waters and white sand beaches of the Gulf of Mexico. This turnkey, Panama City Beach condo has been fully updated in 2024, including new flooring, updated furniture package, new appliances, and new HVAC system, providing both style and peace of mind. The spacious layout comfortably accommodates larger groups, making it ideal for a high-performing vacation rental or Airbnb investment in Panama City Beach. Shores of Panama offers unmatched resort-style amenities including a lagoon-style Gulf-front pool, indoor heated pool & hot tub, beachfront tiki bar & grill, fitness center & spa, direct beach access, covered parking and security Located on Front Beach Road, just steps from Pineapple Willy's and minutes to shopping, dining, and entertainment, this is one of the most sought-after beachfront condo communities in Panama City Beach. Whether you're searching for a Panama City Beach condo for sale, a short-term rental investment, or a second home on the Gulf Coast, this property delivers exceptional value, lifestyle, and income potential. Don't miss this opportunity--schedule your private showing today and secure your piece of paradise at Shores of Panama.

9900 S Thomas Drive Unit 2218, Panama City Beach

Listing courtesy of Counts Real Estate Group Inc.

$380,000

2 Beds ⋅ 3 Baths ⋅ 788209 MLS

Shores of Panama sets the standard for Gulf-front resort living, offering an unmatched collection of amenities including 500 feet of direct beachfront, a stunning 14,000 sq ft zero-entry lagoon-style pool, Gulf-side hot tub, heated indoor pool and spa, state-of-the-art fitness center, and two full-service on-site bars and dining options--creating an elevated vacation experience that keeps guests coming back year This Gulf-front 2-bedroom, 2.5-bath condo delivers stunning panoramic views of the emerald waters and sugar-white sand--an instant draw for vacationers and a proven income producer. Offered fully furnished and turnkey, this investment-ready property features an open-concept layout, spacious bedrooms with en-suite baths, and an additional half bath for guests--maximizing comfort and rental appeal. The private balcony showcases sweeping Gulf views, creating the ultimate coastal experience guests are searching for. Located in the heart of Panama City Beach, this condo is walking distance to top attractions, dining, and entertainment, making it a top choice for short-term rentals year-round. Strong rental potential, unbeatable amenities, and views that sell themselves--this is the beach investment you've been waiting for.

9900 S Thomas Drive Unit 1918, Panama City Beach

Listing courtesy of Corcoran Reverie.

$399,900

2 Beds ⋅ 2 Baths ⋅ 787603 MLS

Welcome to your Gulf-front condo in Panama City Beach at the highly sought-after Shores of Panama--a proven short-term rental investment with strong income history and breathtaking direct Gulf views from the 20th floor. This 2-bedroom, 2-bath Gulf-front condo is designed for both personal enjoyment and maximum rental performance. The open-concept layout features a fully equipped kitchen with stainless steel appliances, a spacious living area with updated coastal furnishings, and floor-to-ceiling glass doors leading to a private balcony overlooking the emerald waters and white sand beaches of the Gulf of Mexico. The primary suite offers a comfortable king-sized bed, while the separate bunk room (queen-over-queen configuration) significantly increases occupancy--making this unit ideal for vacation rental income. Coastal tones and modern finishes create a bright, clean, and turnkey-ready interior. Step outside to your private balcony and take in panoramic beachfront views, perfect for sunrise coffee or sunset cocktails--one of the most desirable features for Panama City Beach vacation rentals. This unit also includes a deeded parking space, a rare and highly valuable asset that enhances both convenience and rental appeal. Owners and guests at Shores of Panama enjoy resort-style amenities including: Lagoon-style beachfront pool, Indoor heated pool & hot tub, Fitness center & full-service spa, On-site dining and bar, Direct beach access. Located in the heart of Panama City Beach, Florida, this property is minutes from dining, entertainment, and attractions--making it a top choice for investment property buyers, second-home owners, and those seeking a turnkey beachfront condo. Whether you're searching for a high-performing investment property or a Gulf-front second home, this opportunity delivers on every level.

9900 S Thomas Drive Unit 2011, Panama City

Listing courtesy of Christies International Real Estate Emerald Coast.

$413,300

2 Beds ⋅ 3 Baths ⋅ 786779 MLS

WELCOME TO SHORES OF PANAMA 1704.....Stunning beachfront residence at **Shores of Panama - Unit 1704**. This beautifully appointed 2-bedroom plus private bunk room condominium offers exceptional Gulf views, luxury finishes, and impressive short-term rental potential. With the right management company, projected gross rental income ranges from **$75,000-$80,000 annually**, making it an outstanding investment opportunity. ## Property Overview Unit 1704 is thoughtfully designed for comfort, privacy, and rental performance. - **2 oversized bedrooms**, each featuring a private ensuite full bathroom - **Private bunk room** with its own bathroom and stand-up shower - Spacious open-concept living and dining area - Expansive beachfront balcony with breathtaking Gulf views - Offered **fully furnished** with upscale décor - Well-equipped kitchen with quality cabinetry, appliances, and ample counter space The split-bedroom layout maximizes privacy for guests, making this unit highly desirable for vacation rentals. The additional bunk room with a private bath significantly enhances occupancy potential and guest appeal. ## Investment Highlights This property is approved for **short-term rentals** and has strong income potential. - Estimated **$75,000-$80,000 gross annual income** with professional management - High-demand beachfront location - Turnkey and rental-ready - Strong guest appeal due to layout and amenities With its prime Gulf-front positioning and resort-level amenities, Unit 1704 is designed to generate consistent rental performance while offering owners personal enjoyment. ## Resort-Style Amenities at Shores of Panama Shores of Panama is known for delivering one of the most impressive amenity packages on the Gulf Coast. - **13,966 sq. ft. Gulf-front, zero-entry lagoon-style pool** with hot tub - Heated indoor pool for year-round enjoyment - Two seasonal tiki bars serving lunch and dinner - On-site coffee shop - Fully equipped fitness center - 24/7 on-site security - Direct beach access The lagoon-style pool is a signature feature of the resort and a major draw for vacationers. ## Prime Location Convenience and entertainment are right outside your door. - Adjacent to **Pineapple Willy's**, a local favorite - Walking distance to numerous restaurants, shopping, and entertainment venues - Wal-Mart located directly across the street for everyday essentials This central location enhances rental desirability by offering guests easy access to everything they need without requiring transportation. --- Shores of Panama Unit 1704 delivers the perfect combination of luxury beachfront living and strong investment potential. Whether you are seeking a high-performing vacation rental or a personal Gulf-front retreat, this fully furnished, amenity-rich residence is positioned to exceed expectations.

9900 S Thomas Drive Unit 1704, Panama City

Listing courtesy of Keller Williams Success Realty.

$290,500

1 Beds ⋅ 2 Baths ⋅ 786447 MLS

Priced at $299,000 and including a $10,000 credit for an update allowance, this Shores of Panama condominium is a high-yield candidate for investors or those seeking a turnkey secondary property. The floor plan includes 1 bedroom, 2 bathrooms, and a bonus bunk alcove, providing flexible sleeping arrangements. A key advantage of this listing is the inclusion of deeded parking on the 10th floor and immediate proximity to building infrastructure for easy tenant turnover. The complex is distinguished by its comprehensive amenity package, including a 14,000 sq. ft. lagoon pool, indoor heated swimming pool, and fitness facilities, all situated directly on the sugar-white sands of Panama City Beach. Strategically priced and move-in ready, this unit is prepared for immediate acquisition.

9900 S Thomas Drive Unit 2009, Panama City Beach

Listing courtesy of Berkshire Hathaway HomeServices PenFed.

$625,000

3 Beds ⋅ 3 Baths ⋅ 995928 MLS

MAJOR PRICE IMPROVEMENT + SELLER TO PAY OFF SPECIAL ASSESSMENT AT CLOSING! This Gulf-front 3BR/3BA penthouse at Shores of Panama is now offered at $630K and represents one of the most compelling opportunities currently available in the building. Positioned on the coveted end of the U-shaped building, this penthouse offers sweeping Gulf views from a rare wrap-around balcony that creates the premium guest experience vacation renters actively seek. Penthouse elevation, true Gulf-front exposure, and a spacious 3-bedroom, 3-bathroom layout make this one of the most desirable rental configurations in the resort. The unit also conveys with a dedicated parking space and private storage closet, valuable extras rarely found in competing properties. Even better, the sellers will pay off the current special assessment at closing, providing significant savings and peace of mind for the next owner. Shores of Panama features a lagoon-style Gulf-front pool, hot tubs, fitness center, on-site dining, direct beach access, and a prime location within walking distance of Pineapple Willy's, 810 Billiards & Bowling, shopping, and entertainment. Well-positioned 3BR units in the building commonly generate $80,000-$90,000+ annually in rental income, with upside potential beyond that when professionally optimized. For investors and second-home buyers alike, this is a rare opportunity to own a true Gulf-front penthouse at an exceptional value. 🌊💰🏖️ with upside into the $100K range when optimized.

9900 S Thomas Dr Unit UNIT 2331, Panama City Beach

Listing courtesy of Luxe Coastal Realty.

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