$625,000
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… Read More 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. Read Less
Courtesy of Marcy L O'Donnell, Luxe Coastal Realty.
Listing Snapshot
Days Online
30
Last Updated
Property Type
Condominium
Beds
3
Full Baths
3
Year Built
2007
MLS Number
995928
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
Building
Built in 2007, 23 stories, Construction Materials: Concrete, Masonite, Stucco
Community
709 units in community, BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Pool, TV Cable, Waterfront
Cooling
Central Air
Exterior Features
Balcony
Heating
Central
Home Owner's Association
Fee Includes: Ground Keeping, Internet Service, Master Association, Security, Sewer, Water, Cable TV, Trash
Interior Features
Breakfast Bar
Parking
1 covered spaces, 207 total parking spaces
Pool
Pool Type
Property
Construction Complete, Gulf
Sewer
Public Sewer
Taxes
Parcel Number: 40000-675-298, Annual Amount: $6,692.58, Assessed Value: $4,500, Legal Description: SHORES OF PANAMA II UNIT 2331 TYPE U ORB 2835 P 434 3BR 3BA ORB 4438 P 370 1400 TOTAL SF . PK SP #206, Year: 2025
Utilities
Electric, Public Water, TV Cable
Water Features
Gulf
Windows
Window Treatment All
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