21-Unit Beach Condo
For Sale
Contact for pricing
9902 S Thomas Drive, Panama City, FL 32408
Furnished vacation rentals span multiple bedroom configurations within a Florida resort setting.
Property SizeContact for details
Days on Market141
Property Features for 9902 S Thomas Drive
General Information
Standard status
Active
Property subtype
Hospitality, Mixed Use, Multifamily
Net Operating Income
$504,594
Units
Unit Mix
10 x 1BR/2BA, 5 x 2BR/2BA, 6 x 3BR/3BA
Multifamily Units
21
Additional Details
Furnished
Yes
Gross Income
$1,182,465
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 1:19PM
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 short-term rental portfolio includes 21 individually owned condominium units at Laketown Wharf Resort in Panama City Beach, Florida. The mix comprises 10 one-bedroom, two-bath condos with bunk areas; five two-bedroom, two-bath condos with bunk areas; and six three-bedroom, three-bath condos with bunk areas. Unit sizes range from 1,041 to 1,680 square feet, with sleeping capacity from six to 10 guests.
The residences are furnished for vacation use, including appliances, linens, bedding, and decorative furnishings. They have operated as vacation rentals for numerous years and are currently managed by an absentee owner with cleaning and maintenance vendors in place. The property is located at 9902 S Thomas Drive, within a resort destination near the beach and the area's established visitor attractions.
The units may be acquired as a group or separately, accommodating smaller 1031 exchange purchases. The seller also owns a larger 34-unit portfolio across five buildings, while this offering focuses on the 21 units in the same building.
The residences are furnished for vacation use, including appliances, linens, bedding, and decorative furnishings. They have operated as vacation rentals for numerous years and are currently managed by an absentee owner with cleaning and maintenance vendors in place. The property is located at 9902 S Thomas Drive, within a resort destination near the beach and the area's established visitor attractions.
The units may be acquired as a group or separately, accommodating smaller 1031 exchange purchases. The seller also owns a larger 34-unit portfolio across five buildings, while this offering focuses on the 21 units in the same building.
Key Highlights
- 21 separate condominium units at Laketown Wharf Resort
- 10 one‑bedroom, two‑bath condos with bunk areas; 1,041 sqft each; sleeps 6
- 5 two‑bedroom, two‑bath condos with bunk areas; 1,262 sqft each; sleeps 8
Property Analytics
Current Use
Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished vacation rentals span multiple bedroom configurations within a Florida resort setting.
Where is this short term rental property located?
The property is located at 9902 S Thomas Drive Panama City, FL.
What are key features of this property?
This property features: 21 separate condominium units at Laketown Wharf Resort; 10 one‑bedroom, two‑bath condos with bunk areas; 1,041 sqft each; sleeps 6; 5 two‑bedroom, two‑bath condos with bunk areas; 1,262 sqft each; sleeps 8
