Shores Of Panama Phase I Homes under $500,000

Shores Of Panama Phase I Homes under $500,000

Welcome to Shores of Panama Phase I, a stunning waterfront community nestled in the heart of Bay County, Florida. This vibrant subdivision offers a perfect blend of coastal charm and modern living, making it an ideal choice for families, retirees, and anyone looking to embrace the laid-back Florida lifestyle.

Shores of Panama is renowned for its breathtaking views of the Gulf of Mexico and its proximity to pristine beaches, providing residents with easy access to sun-soaked shores and a plethora of recreational activities. Imagine waking up to the sound of gentle waves and the sight of golden sands just a stone's throw away from your front door.

What makes Shores of Panama Phase I particularly appealing is its diverse selection of homes, many of which are available for under $500,000. Whether you’re looking for a cozy condo or a spacious townhouse, this community offers a variety of options to suit your needs and budget. Each home is thoughtfully designed, featuring modern amenities, open floor plans, and ample outdoor space, perfect for entertaining or simply enjoying the warm Florida evenings.

In addition to its beautiful homes, Shores of Panama Phase I boasts a vibrant community atmosphere with nearby shopping, dining, and entertainment options. Residents can enjoy the local culture while being just minutes away from popular attractions like St. Andrews State Park and the lively Pier Park.

If you’re ready to find your slice of paradise in Bay County, Shores of Panama Phase I is waiting for you. Discover the perfect blend of comfort, convenience, and coastal living today!

Newest Shores Of Panama Phase I Homes under $500,000

9900 S Thomas Drive Unit 1805, Panama City Beach
$265,000
1 Baths ⋅ 795621 MLS
SHORES OF PANAMA STUDIO! DEEDED PARKING! FRESHLY UPDATED AND FULLY FURNISHED! This updated studio offers an excellent opportunity to own a furnished condo at one of Panama City Beach's most recognizable Gulf-front resorts. Located on the west side of the building, the balcony receives gentler morning sunlight and remains shaded from the more intense afternoon sun, creating a comfortable place to enjoy the coastal air later in the day. The interior has been refreshed with new paint throughout, including the ceilings, walls, baseboards, and cabinetry, while tile flooring extends throughout the entire unit. The combined living and sleeping space includes a king-size bed with matching side tables, a sofa, rocking chair, and a built-in pedestal-height granite table with swivel bar chairs. Nearly all of the furnishings are new, as are the kitchenware, microwave, and Smart TV. The table lamps include built-in charging ports and electrical outlets, while blackout curtains provide added comfort. The bathroom features a tub-and-shower combination, updated vanity mirror, and new vanity lighting. Other conveniences include a stackable washer and dryer and a wall-mounted air-conditioning unit replaced in 2024. The unit also conveys with a deeded parking space located on the ninth floor. Shores of Panama Resort is known for its expansive Gulf-front lagoon pool, one of the largest in Panama City Beach. The resort-style pool area features zero-entry access, palm-lined islands, fountains, a spacious hot tub, and direct beach access. Additional amenities include an indoor heated pool and hot tub, a 24-hour fitness center, and a seasonal poolside Tiki bar. Located in the heart of Panama City Beach, Shores of Panama places dining, shopping, and entertainment nearby. Pineapple Willy's is adjacent to the resort, while Laketown Wharf, directly across the street, offers additional dining, retail, and entertainment options, including Wharf Seafood Buffet, The Candymaker Ice Cream Shop, PCB Pizza, In Cahoots, The Press, The Bun Lab, 810 Billiards & Bowling, salon services, and more. Other Panama City Beach attractions and entertainment venues include Dolly Parton's Pirates Voyage Dinner & Show, Topgolf, McGuire's Irish Pub, and Tootsie's Orchid Lounge. HOA dues are $1,820.93 per quarter. All information is deemed reliable but not guaranteed; buyer to verify if important.

9900 S Thomas Drive Unit 1805, Panama City Beach

Listing courtesy of Coldwell Banker Realty.

9900 S Thomas Drive Unit 1010, Panama City Beach
$300,000
1 Beds ⋅ 2 Baths ⋅ 795117 MLS
SAME-LEVEL LEASED PARKING. BUNK ROOM WITH A DOOR. FRESHLY PAINTED. Shores of Panama 1010 is a fully furnished, 10th-floor Type F floor plan featuring one bedroom, an enclosed bunk room, one full bathroom, and one half bathroom. Tile flooring extends throughout the unit. The bunk room includes a door for separation from the main living area, an uncommon feature within this stack. The kitchen features Ubatuba granite countertops, updated cabinet hardware, and a stackable washer and dryer. The primary bedroom includes a king-size bed, and flat-screen televisions are located in the primary bedroom, bunk room, and living room. The freshly painted interior is furnished for continued rental use. The leased parking space is located shortly after entering the 10th-floor parking level, providing covered, same-level access to the unit without changing floors. The corner balcony overlooks the lagoon-style pool and surrounding resort grounds. Additional equipment details include a 2015 water heater and the original HVAC system. Shores of Panama is a Gulf-Front resort centered around an expansive zero-entry lagoon-style pool with palm-lined islands, fountains, and a large outdoor hot tub. Additional amenities include private beach access, an indoor heated pool and hot tub, a 24-hour fitness center, a seasonal poolside Tiki bar, and covered parking. Located in the heart of Panama City Beach, Shores of Panama is adjacent to Pineapple Willy's and directly across from Laketown Wharf, offering nearby dining, shopping, and entertainment. Additional Panama City Beach attractions include Pirates Voyage Dinner & Show, Topgolf, McGuire's Irish Pub, and Tootsie's Orchid Lounge. HOA dues are currently $3,507.11 per quarter. One special assessment installment remains in the amount of $1,218.04, due in the fourth quarter of 2026. All information is deemed reliable but not guaranteed; buyer to verify if important.

9900 S Thomas Drive Unit 1010, Panama City Beach

Listing courtesy of Coldwell Banker Realty.

9900 S Thomas Drive Unit 510, Panama City Beach
$295,000
1 Beds ⋅ 2 Baths ⋅ 795063 MLS
LOW FLOOR. LEASED PARKING SPACE. FRONT DOOR BY THE ELEVATOR. Shores of Panama 510 is a furnished, fifth-floor Type F floor plan in Panama City Beach featuring one bedroom, a bunk area, one full bathroom, and one half bathroom. The balcony offers views over the resort pool and out to the Gulf. The recently painted interior is decorated in a light coastal style and features tile flooring throughout. The kitchen includes granite countertops, stainless steel appliances, and a stackable washer and dryer. Near the entry, the bunk area provides additional sleeping accommodations, with the half bathroom conveniently located nearby. The primary bedroom includes a king-size bed and access to the full bathroom. The unit also has a leased parking space on the 6th floor (658), and the front door is positioned immediately near the elevator. Additional updates include a 2020 HVAC system and a 2019 water heater. Shores of Panama is a Gulf-front resort centered around an expansive zero-entry lagoon-style pool with palm-lined islands, fountains, and a large outdoor hot tub. Additional amenities include private beach access, an indoor heated pool and hot tub, a 24-hour fitness center, a seasonal poolside Tiki bar, and covered parking. Located in the heart of Panama City Beach, Shores of Panama is adjacent to Pineapple Willy's and directly across from Laketown Wharf, offering nearby dining, shopping, and entertainment. Additional Panama City Beach attractions include Pirates Voyage Dinner & Show, Topgolf, McGuire's Irish Pub, and Tootsie's Orchid Lounge. HOA dues are currently $3,507.11 per quarter. One special assessment installment remains in the amount of $1,218.04, due in the fourth quarter of 2026. All information is deemed reliable but not guaranteed; buyer to verify if important.

9900 S Thomas Drive Unit 510, Panama City Beach

Listing courtesy of Coldwell Banker Realty.

9900 S Thomas Drive Unit 1318, Panama City
$365,900
2 Beds ⋅ 3 Baths ⋅ 794879 MLS
Welcome to Shores of Panama unit 1318 (J floor plan), one of the most popular vacation spots in all of Panama City Beach! Step into this RARE, gorgeous, modified 2 bedroom + bunk room, 2.5 bath unit PRICED TO SELL. With a Gulf facing primary suite, upgraded LVP flooring throughout all main areas with tile in the bathrooms! This unit was modified from the original plan with owners closet moved to the front entry to allow for more kitchen space as well as extended cabinets/countertops!! The laundry room was modified to allow for a full size washer and dryer. This unit includes an assigned 6th floor parking spot. This beautifully maintained 13th floor unit provides picturesque views of the Gulf of America as well as the massive lagoon style pool! On site - Fitness Center with sauna, massage therapy and steam room, Coffee House, Grand Lobby & Reception, trendy knick-knack store, and 24-Hour Courtesy Patrol. Situated in the heart of PCB, just steps away from the beach, top local restaurants, bars and shopping. Schedule your showing today!!!

9900 S Thomas Drive Unit 1318, Panama City

Listing courtesy of Keller Williams Success Realty.

9900 S Thomas Drive Unit 107, Panama City
$369,000
2 Beds ⋅ 3 Baths ⋅ 794014 MLS
LOWEST PRICED B FLOOR PLAN!! CLOSE TO THE POOL GATE ENTRANCE & GROUND LEVEL. Welcome to Shores of Panama unit #107, a ground floor condo with 2 Bedroom + Bunk, 3 Full Bath Gulf-front condo designed for both personal enjoyment and strong rental appeal. This highly desirable ''B'' floor plan offers views overlooking the lagoon-style pool and stretching down the breathtaking coastline of Panama City Beach. The condo conveys fully furnished and rental-ready, making it an effortless investment opportunity or turnkey beach retreat. This unit also includes one deeded parking space. The smart layout--with two true bedrooms, a bunk area, and three full bathrooms--maximizes occupancy and comfort, a key feature for vacation rentals. Shores of Panama is home to the largest Gulf-front lagoon pool in Panama City Beach, with its spectacular 14,000+ sq ft zero-entry lagoon pool with palm-lined islands, fountains, and expansive hot tub. tropical palm islands, fountains, and an oversized hot tub--all just steps from exclusive beachfront access. Owners and guests also enjoy: Indoor heated pool and hot tub, 24-hour fitness center, Seasonal poolside Tiki bar, Covered parking, and On-site security. The location is unbeatable--walk next door to Pineapple Willy's for beachfront dining or cross the street to Laketown Wharf for multiple dining options including The Wharf Buffet, Juan Taco, and LuLu's Bar & Restaurant. Shopping, entertainment, and attractions are all within easy reach. If you're looking for a well-positioned Gulf-front condo with proven rental appeal and unbeatable amenities--this is a standout opportunity. With exterior renovations scheduled to enhance curb appeal and long-term value, this is a strategic opportunity to secure this wonderful gulf front condo--ideal as a personal retreat, income powerhouse, or both. All information and HOA details are believed accurate but should be verified by buyers if important.

9900 S Thomas Drive Unit 107, Panama City

Listing courtesy of Christies International Real Estate Emerald Coast.

9900 S Thomas Drive Unit 2305, Panama City Beach
$295,000
1 Baths ⋅ 794007 MLS
Own at the Shores of Panama with this highly sought-after ''G'' stack Gulf-view studio condo, a prime penthouse level TOP FLOOR location offering breathtaking, unobstructed views of the emerald waters and sugar-white sand. Wake each morning to panoramic Gulf views and step onto your private balcony overlooking the shoreline. The condo conveys fully furnished and rental-ready, making it an effortless investment opportunity or turnkey beach retreat. This unit also includes one deeded parking space. Shores of Panama is home to the largest Gulf-front lagoon pool in Panama City Beach, with its spectacular 14,000+ sq ft zero-entry lagoon pool with palm-lined islands, fountains, and expansive hot tub. tropical palm islands, fountains, and an oversized hot tub--all just steps from exclusive beachfront access. Owners and guests also enjoy: Indoor heated pool and hot tub, 24-hour fitness center, Seasonal poolside Tiki bar, Covered parking, and On-site security. The location is unbeatable--walk next door to Pineapple Willy's for beachfront dining or cross the street to Laketown Wharf for multiple dining options including The Wharf Buffet, Juan Taco, and LuLu's Bar & Restaurant. Shopping, entertainment, and attractions are all within easy reach. If you're looking for a well-positioned Gulf-front condo with proven rental appeal and unbeatable amenities--this is a standout opportunity. With exterior renovations scheduled to enhance curb appeal and long-term value, this is a strategic opportunity to secure this wonderful gulf front studio condo, ideal as a personal retreat, income powerhouse, or both. All information and HOA details are believed accurate but should be verified by buyers if important.

9900 S Thomas Drive Unit 2305, Panama City Beach

Listing courtesy of Christies International Real Estate Emerald Coast.

9900 S Thomas Drive Unit 2213, Panama City Beach
$320,000
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.

9900 S Thomas Drive Unit 804, Panama City
$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.

9900 S Thomas Drive Unit 612, Panama City
$347,900
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. **Age, dimensions and square footage are approximate. Buyer should verify if important.**

9900 S Thomas Drive Unit 612, Panama City

Listing courtesy of Portfolio Real Estate and Management Group.

9900 S Thomas Drive Unit 1113, Panama City
$339,000
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.

9900 S Thomas Drive Unit 1918, Panama City Beach
$359,000
2 Beds ⋅ 3 Baths ⋅ 788209 MLS
Resort Living in Panama City Beach! The Shores of Panama offers 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 and actual numbers, 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.

9900 S Thomas Drive Unit 1704, Panama City
$407,900
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.

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