Search
5-Unit Short-Term Rental Portfolio
For Sale
Contact for pricing

9902 S Thomas Dr, Panama City Beach, FL 32408

Fully furnished vacation rentals with established cleaning and maintenance vendor relationships.

Property Size6,286 SF
Days on Market141

Property Features for 9902 S Thomas Dr

General Information

Standard status Active
Size 6,286 SF
Property subtype Hospitality, Mixed Use, Multifamily
Net Operating Income $117,800

Units

Unit Mix 2 x 1BD/2BA + bunk area, 2 x 2BD/2BA + bunk area, 1 x 3BD/3BA + bunk area
Multifamily Units 5

Additional Details

Furnished Yes
Gross Income $277,802
Listing Agency: Coldwell Banker Realty - Naples Central
Listed By: Mihail Stoyanov · License #FL BK3525922
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 9:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Naples Central

Investment Insights

Based on property information with market context.

This offering includes five separate condominium units within Laketown Wharf Resort in Panama City Beach. The mix comprises two one-bedroom, two-bath units with bunk areas and 1,041 square feet each; two two-bedroom, two-bath units with bunk areas and 1,262 square feet each; and one three-bedroom, three-bath unit with a bunk area and 1,680 square feet. Sleeping capacity ranges from six to ten guests.

All five residences operate as vacation rentals and have done so for numerous years. They convey furnished with bedding, décor, appliances, and linens. An absentee owner currently manages the units with cleaning and maintenance vendors in place. The property is located at 9902 S Thomas Dr, Panama City Beach, FL 32408, within the Laketown Wharf Resort community and across from the sand.

Key Highlights

  • Five separate condominium units at Laketown Wharf Resort
  • Two 1‑bedroom, 2‑bath units with bunk areas; 1,041 sqft each; sleeps 6
  • Two 2‑bedroom, 2‑bath units with bunk areas; 1,262 sqft each; sleeps 8

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office HVAC Service Building Supply Auto Repair Shop Electrical Service Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

780
Businesses Nearby

Demographics for 32408, FL

17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Short term rental property - Fully furnished vacation rentals with established cleaning and maintenance vendor relationships.
Where is this short term rental property located?
The property is located at 9902 S Thomas Dr Panama City Beach, FL.
What are key features of this property?
This property features: Five separate condominium units at Laketown Wharf Resort; Two 1‑bedroom, 2‑bath units with bunk areas; 1,041 sqft each; sleeps 6; Two 2‑bedroom, 2‑bath units with bunk areas; 1,262 sqft each; sleeps 8
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message