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For sale
  • Price cut: $10K (8/13)
    $280,000

    8743 Thomas Dr Unit 1202, Panama City Beach, FL 32408

    1beds
    740sqft
    : 
    $2,565/mo
    Get pre-qualified
    Condominium
    Built in 1984
    -- sqft lot
    $263,700 Zestimate®
    $378/sqft
    $748/mo HOA

    What's special

    Private beach accessKing bedroomHallway bunk bedsIn-unit washer and dryerPoolside tiki barNew balcony railingsBarbecue and picnic areas
    Welcome to one of the most compelling investment opportunities on Panama City Beach. Positioned directly beside the all-new Tootsie's Orchid Lounge--now occupying the legendary former Spinnaker Beach Club--The Summit is poised to benefit from one of the area's biggest new entertainment destinations. This high-profile addition is expected to drive increased visitor traffic, extend guest stays, and strengthen rental demand, making an already proven income-producing resort even more attractive to investors. The Summit has long been recognized as one of Panama City Beach's premier short-term rental destinations, with decades of strong rental performance. Its unbeatable Gulf-front location, extensive resort amenities, and walkable access to restaurants, nightlife, attractions, and family entertainment continue to deliver exceptional appeal for both owners and vacationers. This fully furnished, rental-ready condo offers unobstructed Gulf views from its private balcony and features several valuable updates, including an upgraded tile walk-in shower, new windows, a new sliding glass door, new balcony railings, and an in-unit washer and dryer. The thoughtfully designed floor plan includes a king bedroom, hallway bunk beds, and a convenient half bath. Guests enjoy an unmatched resort experience featuring two Gulf-front swimming pools (one seasonally heated), children's pools, indoor and outdoor hot tubs, saunas, a fitness center, tennis and pickleball courts, shuffleboard, a poolside tiki bar, on-site dining at Bikini Bob's, barbecue and picnic areas, gated 24-hour security, and private beach access. Across the street are amusement attractions, restaurants, shopping, and entertainment, creating the convenience today's vacation renters actively seek. Whether you're expanding your investment portfolio or purchasing your first beachfront income property, The Summit continues to prove why it remains one of Panama City Beach's most dependable cash-flowing condominium communities. With the arrival of Tootsie's adding a powerful new demand driver next door and this unit's recent upgrades already in place, the future potential has never looked stronger. All information is deemed reliable but should be independently verified by buyers if important.
    60 days
    270
    17

    Zillow last checked:

    Listing updated:

    Listed by:

    Matt W Wright 850-227-8276,

    Think Real Estate

    Source: CPAR,MLS#: 791979MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bedroom
      Bedroom
      • Level: First
      • Dimensions: 15 x 11
      Cooling
      • Central Air
      Appliances
      • Included: Washer/Dryer Stacked, Electric Range, Electric Water Heater
      • Laundry: Stacked
      Interior area
      • Total structure area: 740
      • Total interior livable area: 740 sqft

      Property

      Parking
      • Parking features: Parking Lot
      Features
      • Patio & porch: Balcony
      • Pool features: Community
      • Spa features: Community
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      • Waterfront features: Gulf
      Details
      • Parcel number: 30236340000

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: High Rise
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1984

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: High Speed Internet Available

      Community & HOA

      Community
      • Features: Barbecue, Basketball Court, Beach, Business Center, Clubhouse, Elevator, Fitness Center, Laundry Facilities, Pool, Sauna, Tennis Court(s), Waterfront, Community Pool, Gated, Short Term Rental Allowed
      • Security: Building Security, Gated with Guard, Gated Community, 24 Hour Security, Security Service
      • Subdivision: The Summit
      HOA
      • Has HOA: Yes
      • Amenities included: Business Center, Gated, Barbecue, Picnic Area
      • Services included: Clubhouse, Cable TV, Fitness Facility, Insurance, Internet, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Trash, Water
      • HOA fee: $2,245 quarterly
      Location
      • Region: Panama City Beach

      Financial & listing details

      • Price per square foot: $378/sqft
      • Tax assessed value: $307,700
      • Annual tax amount: $3,429
      • Date on market: 6/29/2026
      • Cumulative days on market: 61 days

        Estimated market value

        $263,700

        $251,000 - $277,000

        $1,634/mo

        Price history

        DateEventPrice
        8/13/2026Price change$280,000-3.4%$378/sqft
        Source: CPAR #791979 Report a problem
        6/29/2026Listed for sale$290,000+480%$392/sqft
        Source: CPAR #791979 Report a problem
        12/1/1985Sold$50,000$68/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,429 +7.3%$214,924 +10%
        2023$3,195 +22.3%$195,385 +10%
        2022$2,613 $177,623
        2021-- --
        2020$1,980 +11.7%$146,795 +3.9%
        2019$1,772 $141,312 +5.9%
        2018$1,772 +3.6%$133,450 +3%
        2017$1,710 +14%$129,625 +7.1%
        2016$1,500 +6.7%$121,055 +10%
        2015$1,406 $110,050 +10%
        2014$1,406 $100,045 +10%
        2013-- $90,950 +1.4%
        2012-- $89,675 -9%
        2011-- $98,558 -17.2%
        2010-- $119,000 -7.9%
        2009-- $129,200 -20%
        2008-- $161,500 -12.4%
        2007-- $184,450 -24.7%
        2006-- $245,001
        2005-- $245,001 +75%
        2004-- $140,001 +31.7%
        2003-- $106,301
        2002-- $106,301 +33.5%
        2001-- $79,600
        2000-- $79,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32408

        Getting around

        35 / 100
        Car-Dependent
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Breakfast Point
        • Middle: Breakfast Point
        • High: Arnold

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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